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You appear to have nailed it davey 50, perhaps it was your buy?

Thank you Capitalizer. In recent times it's been more like misfortune favours the brave... but I'm ever hopeful!

It's said you shouldn't average down, but I just have. The way I see it, I may be waiting a very, very long time to break even on my original purchase (35p)... but I have a much better chance of reaching that place sooner, having just paid 16.7p on a second tranche of shares. People are selling or reducing at these levels and there are few buys (first purchase or averaging down), so the consensus clearly that the sp is going lower.

Seems like a good time to buy to me.

Meanwhile the share price keeps falling and once again approaches all-time lows.

Let's hope we get news of hard sales before the inevitable next fundraise, because that's the only thing the current market cares for.

Very disappointed.

To be fair, David and Monique Newlands have been selling down in advance (see RNS of 11/07/23 for instance). Maybe they do know what they're doing... I certainly don't - this has been painful.

Alright, alright, you've mad your point. Chill out!

"could give Carilllion a run for its money". I thought that was over the top, TwoGood2Die, but after this RNS I'm not so sure...

The company is not growing, it may be shrinking, and I wonder where this leaves the cash balances.

It all feels like Totally plc is TwoBad2Live!

"Why is "Lord Cruddas going to have to take this private" ? Genuinely interested what insider knowledge you seem to have. Thanks".

There's no "insider knowledge", it's just an opinion as to a possibility.

As for why, the typical reasons trotted out in other instances of delisting are that the public markets are no longer providing access to adequate funding and that it's expensive to maintain a listing. Oftentimes, what then happens is the company is fixed up and made to look beautiful again in private hands. Then, in a few year's time when markets are generally booming (or at least not depressed), they bring it back to the public markets for a huge profit. It's the old private equity rinse & repeat. Not saying it'll happen here (as this is just conjecture), but it's certainly happened many times with other companies in the past.

The "quorum threshold" is, I think, a 75% vote in favour of delisting at an EGM. Cruddas is already on 70%, so he may not even need to offer that premium, just stitch up a deal with 5% of holders.

I don't know but, after a few weeks at this level, the share price has resumed its seemingly unstoppable descent.

£3.5m market cap. I wonder if a delisting from AIM (you know, no longer a funding advantage to be listed on AIM, save expenses, etc) is the end point for this share?

What did the RNS do to the share price? It went up 15% first thing this morning, but then got sold into and is now down 3% on the day... if a positive RNS drops the sp 3%, what does a negative one do??

It's a shallow-thinking market that will only credit banked sales and not the prospect of sales.

Suspect there are more than a few day traders and 'trapped bears' desperate to get out of here...

No complaints here. I've become so used to my shares suffering sharp, unexplained drops on thin trading, it makes a pleasant change to see one go the other way.

Hi Hexam, good points, you might be that expert value/recovery investor! To attempt to answer Jeffrey1979's question, I think Tui is getting punished because of the debt... this is happening with all my indebted companies... maybe also the lingering fear that the good times for travel may not last, because markets can't yet get a fix on extent & duration of interest rates, and therefore if there'll be an impending recession which would overwhelm consumers, or not.

You haven't come across rude at all Stumpy, perfectly reasonable. I did preface my remarks by saying I'd done "a v quick background check", so it did of course lack detail. However, judging from that quick look and considering in tandem with the share price decline, I suspect if I spent many hours on it I might still conclude that the history of Tui is sketchy, probably because It's in a highly competitive, razor-thin margin industry... You can make money from these situations - that's what value/recovery investors do - but you have to take care it's not a 'value trap'.

Sure Stumpy, you didn't comment on Tui's history, but you did comment on my comment on the history - you took issue with me calling it 'sketchy'. I'm glad you (as I) haven't held for long.

I kind of knew my comment might be controversial for the strong bulls and was hoping it might elicit some good arguments on the other side, as to why this time it's different.

Masaimara, I'm no expert on this. Fwiw, this from wiki: "After the sale of Salzgitter AG and purchase of Hapag-Lloyd AG (the navigation and logistics company) in 1997, Preussag AG became a global enterprise in the service and leisure industry. At that time, Hapag-Lloyd held a 30% interest in the tourism conglomerate TUI (founded 1968), increased to 100% by 1999. In addition the company acquired 25% of Thomas Cook shares in 1997, which it doubled the following year. On 2 February 1999, the Carlson Leisure Group merged with Thomas Cook into a holding company owned by the German bank Westdeutsche Landesbank, Carlson Inc and Preussag. However, in mid-2000 Preussag acquired Thomas Cook's rival Thomson Travel and was forced to sell its majority 50.1% stake in Thomas Cook by regulatory authorities. In 2002, Preussag renamed itself TUI AG.

Savage_KeyboardR, you're absolutely entitled to take a bullish view and to think this is a high quality company, of course you are. All I'm saying is the share price chart since Dec 2014 suggests there may be another valid view. It's a horrible decline from over 3000p and, however you slice & dice it, that's the one thing that matters to investors (notwithstanding the old caveat that past performance is not indicative of future returns, etc).

Stupmy, if you think the history and performance of Tui is stellar, that's great.

Hmm, just done a v quick background check on Tui. Pre the Dec 2014 merger, part of it was the old 'First Choice' outfit. At one time they owned the majority of the now Defunct Thomas Cook, before they had to divest.

Pretty sketchy history this company... presume its the super-competitive sector it's in - hard to earn a reasonable margin.

Happy I took a v small punt - currently down 9% - one wouldn't want to put the house on this sort of company.

What was the Rights Issue price and when was it, does anyone know?

And does anyone happen know when this company IPO'd (presume Dec 2014 was just the London listing) and at what price?

When was the last time, if ever, Tui broke below 490p? My chart only goes back to December 2014, which I presume was when in first listed on the lse.

That's the problem with 'bottom fishing' - you can end up with crappy companies where the share price never recovers.

Gone short at 64p? Suspect you're too late to the party.

And with a 13p target?? Well if it gets down there I'll eat my party hat!