The recent news article suggests the drop was no just TUI, https://www.lse.co.uk/news/TUI/london-market-close-ftse-100-rallies-shaking-off-record-covid-cases-fv3wzqlpu16p6he.html
Tui key facts
Market value: £3.5bn
Turnover (Sept 2021): £4bn
Pre-tax profits (Sept 2021): £2.1bn loss
Yield: nil
Most recent year’s dividend: nil
Net debt (Sept 2021): £4.2bn
Return on capital: n/a
Cash conversion ratio: n/a
p/e ratio: n/a
source: https://www.telegraph.co.uk/investing/shares/questor-tuis-long-term-recovery-potential-trumps-short-term/
This looks optomistic: https://capital.com/tui-share-price-forecast-buy-sell-or-hold
https://www.wsj.com/articles/south-africa-sets-a-covid-example-testing-omicron-transparency-science-travel-ban-11640705229
what this article is saying is very important. I think if allowed to spread, Omicron can provide immunity to all against Delta, and other strains. The symptoms are mild, last for a few weeks, and then you have immunity (for most people, but vulnerable to be vaccinated).
They will just keep coming one after the other like they have. Each new one will cause the share price to go down, there's no way this is going to recover until Covid is completely over and done with, and that doesn't look like its ever going to go away
https://uk.finance.yahoo.com/news/tui-hopeful-summer-2022-rebound-080821236.html
Good find @Bc2020, thats true of Covid in general, I didnt get any symptoms, and some people I know have had mild symptoms and others have had severe symptoms and have died. The problem it may be more evasive of the vaccine and more people may end up dead if the vaccine can't protect. Its too early now and we need to wait a few weeks and see what the effect is going to be. Some interesting view points given here: https://www.youtube.com/watch?v=XsIakWucam0
Markets taken a knock -
https://www.independent.co.uk/business/covid-variant-fears-spook-markets-as-ftse-plummets-b1964735.html
We only need to hear the new variant has passed into EU and thats going to cause another tumble. Its possible, it can happen. Im lucky I sold, even though it was at a loss. Im guessing this could fall further on the bad news and lockdowns. Thought covid situation was improving but didnt anticipate the variant risks
It has been stated, ready for testing not ready for distribution. Heres the link: https://www.google.com/amp/s/news.sky.com/story/amp/covid-19-new-vaccines-ready-in-100-days-if-omicron-variant-is-resistant-to-current-jabs-pfizer-says-12479927
Had to sell at a loss. The EU lockdown in more EU countries and also the African variants and update to red list of countries. So flights from those countries will be locked down, more disruption to Flights. Might look to buy next year when things settle down. I think Germany is locking down and vaccinating, then they will open up after vaccinations.
In my opinion, its a much better situation that years ago. But also looking at some data, mostly from the worldometers website and comparing the data. Certain countries have very low number of deaths like Spain, lower than UK, so some parts of EU will be open to tourism. Spain is the number 1 destination for UK holiday makers. Also data has shown that bookings for next year are high. There's lots of people who can't wait to go on holiday. Also watching Ian King Live on Sky News Live today, there was some talk of tourism and London is seeing lots visitors from USA (you can watch the interviews using the scroll bar on YouTube). Its a bit of a mix. But what you need to know is that number of infections isn't the concern when the population is vaccinated. People may get Covid but if vaccinated should fight it off, so deaths will be low. Many countries are seeing high levels of vaccination, so you can expect those countries to have more relaxed rules in general and for tourists. The thing I ask my self, is will we all be in a better situation next year with all the vaccinations? if the answer is yes, and lets face it, why shouldn't we with all the record rates of vaccinations around the world. So why I'm in early, so can reap the rewards later. Currently there are no countries on the red list for UK. After vaccinations in USA and other parts of the world, we can see this all over the world. https://www.gov.uk/guidance/red-list-of-countries-and-territories
Just to be clear I think this is regarding tourist spending not TUI: Inbound visits are forecast to increase to 24.0 million, and spending to £19.2 billion. These are 59% and 67% respectively of the visits and spend levels seen in 2019.
source: https://www.visitbritain.org/2022-tourism-forecast
2022 forecast:
Inbound visits are forecast to increase to 24.0 million, and spending to £19.2 billion. These are 59% and 67% respectively of the visits and spend levels seen in 2019.
Visit numbers, relative to pre-COVID baseline levels, are forecast to increase slowly in the spring and more substantially in the summer. The general direction is assumed to be upwards, contingent on travel restrictions not being tightened significantly from current levels, as well as a gradual return of traveller confidence.
Is this old news.
https://uk.finance.yahoo.com/news/boohoo-grow-own-cotton-****stan-222811270.html
Surely this is good news
Just looking at current pace of UK vaccinatioms an it looks like people in their 50's are being vaccinated (its on government website). They did send me a txt and im in my 40's for a vaccimr but when I phoned they said it had all been booked.
But not many under thirties are severley affected by covid, and the younger people less chance of hospitalisation. So onece they get into the 40's and start vacinating, you can bet that things will return to near enough normal after a month. The first vaccination gives most of the immunity about 80 to 90%, found that out from a nurse, who is a neighboir of mine. So Im guessing even with all the bad news, the fact remains, normalcy looks to be on its way back in. Lets keep are hopes up. Dont think the germans handling it right, ursula messed up, so i guess this is damage control, but they are going about it wrong and should instead be saying they are going to invest in more vaccine factories to ramp up produxtions. Seems like they are not giving much support to big pharma but want miracles. Theyre late orders of the vacine is what caused the eu issue. Britain got in first and ordered 60million so lots of supoort going out to Boris the Bofin for doing that. Just hope i can get my vaccinr and its not got sold on the black market by some dodgy doctor, as the demand is there. I'll wait and see... stay positive. Cant wait for the swing round with this share. Also mauritious has high vaccinations and an open holiday destination, and as long as you dont test positive you can go on holiday.
Despite recent events the vaccine drive is still ongoing both here and in EU and USA. The process is accumulative and resulting in greater numbers vaccinated around the world. So in due time the situation will improve, as that is only the logical result. Hopefully sooner the better, but rates of vaccinations are limited by rollout but still on going.
The Times has reported that German investment bank Berenberg found that Boohoo’s Instagram following has continued to grow, despite negative publicity about poor working conditions in factories in Leicester where its products are made. Berenberg noted there had been “no particular change” in purchase intent in 16-to-34-year-olds.
Michael Benedict, vice-president equity research at Berenberg, said: “We think there are no particular signs that the negative publicity has resulted in a meaningful decline in brand sentiment among Boohoo’s addressable customer base.”
https://www.drapersonline.com/news/boohoo-unaffected-by-negative-publicity