TUI Travel Share Discussion Threads

[investinggarden] 25/2/2010 15:13

Sun shines on TUI Travel

[knitcraft] 30/7/2009 13:20

TUI to inject emergency funds in shipping arm

(30 July 2009)
TUI Travel's controlling shareholder, German-based TUI AG, has performed a u-turn by investing in container shipping line Hapag-Lloyd months after trying to exit the shipping sector and sell a majority stake in the company.

TUI will provide €215 million in short-term financing - about two-thirds of a €330 million cash injection into Hapag-Lloyd, in which TUI retains a 43% stake.

The group had previously sought to sell its share of Hapag-Lloyd and focus exclusively on tourism, with cash from the sale due to fund travel company acquisitions.

The global downturn in trade has left shipping companies in trouble and TUI was unable to find a buyer.

The TUI AG supervisory board approved the funding as "a first package of measures" to support Hapag-Lloyd, suggesting there will be more to come.

The deal involves TUI taking a stake in a Hamburg container terminal that it hopes Hapag-Lloyd will subsequently be in a position to take over. The group's board repeated its intention to exit shipping "in the medium term".

However, Nomura International transport analyst Mark McVicar told the Financial Times: "TUI is becoming more involved in the container business, not less."

Hapag-Lloyd has said it requires €1.75 billion to secure its future. The shipping line is all that remains of the German heavy industry and shipping conglomorate from which TUI emerged.

[showmethehoney] 18/6/2009 11:13

soon to test 220 support/resistance!

[mike24] 05/1/2009 21:57

when are thomson going to stop treating customers like
refugees,reading recent reviews,flights awefull due to no legroom,
anon from surrey we ain't going with thomsonfly again
no good putting fancy advertising on the box
if they get slated in reviews

[nicebut] 18/12/2008 16:50

Goldman sachs off target?

Why does no-one post here? Not neccessarily here but anywhere to do with Tui? Seems they are doing quite well at trend bucking at the moment.

Anyway back to sleep.

[zimzoot] 07/8/2008 13:49

Goldman Sachs sell note target 1.72

[felix99] 13/5/2008 15:52

thought they were excellent . Made a nice long to 270 but should have reversed when sold - quite a turnaround. Any broker comments?

[assegai] 13/5/2008 07:13

Interims are out today:

Highlights

The Group had a strong first half of the year, with Winter 2007/08 continuing to trade strongly, resulting in a £71m improvement in underlying operating loss (H1 08: loss of £250m; H1 071: loss of £321m):

The strong result in the first half was primarily due to margin enhancement; synergies were in line with management expectations and contributed just £4m of the £71m improvement versus prior year.
Mainstream sector: underlying operating loss significantly improved by £65m to £244m (H1 071: loss of £309m) driven by strong trading in the UK and Nordics, and a significant turnaround in France.
Specialist sectors: underlying operating profit improved by £9.6m to £4.7m in the first half (H1 071: loss of £4.9).
Underlying loss before tax improved by 13% to £294m (H1 071: loss of £339m).

· Integration across both our UK leading brands, First Choice and Thomson, and in other areas of the Group is progressing well, and we are on track to deliver at least £150m synergy benefits.

· Acquisition of ten niche specialist businesses in the year to date for a maximum consideration of £85.2m, and we continue to explore a significant number of opportunities.

· Discussions are ongoing with Lufthansa regarding a potential merger of Germanwings and TUIfly and we intend to update the market in due course.

· Consumer demand for our portfolio of differentiated package holidays and specialist leisure travel experiences remains strong across the Group, particularly in the UK:

o Current trading for Summer 2008 remains strong, with UK Mainstream sales up 8%, 21% less product left to sell and strong pricing achieved over the last six weeks.

o Trading for the Winter 2008/09 programme, although early in the season and only on sale for Northern Europe, has started strongly with sales up 15% in the UK on 16% less capacity.

· The Group is eliminating loss making flying capacity, particularly in the UK, which will operate with six fewer aircraft in Winter 2008/09 and ten fewer aircraft in Summer 2009 compared to prior year.

· The Group is well hedged with respect to fuel and foreign exchange exposures for all open seasons and we believe that we are well placed to recover incremental costs in both 2008 and 2009.

· The Board proposes to pay a second interim dividend of 2.8p per share.

The Board remains confident that it will meet its expectations for the year ended 30 September 2008.


Peter Long, Chief Executive Officer of TUI Travel PLC, commented

''We are delighted with our financial performance in the first six months of the newly merged business. Demand for Summer 2008 is strong with less holidays left to sell. We see no evidence of deteriorating consumer sentiment in our booking patterns, in the average holiday duration booked, average selling price or cancellation rates. This confirms our research that the annual holiday is an important component of the family budget. Our integration plans are progressing well and we are confident of delivering at least £150 million of synergies. We are well positioned to deal with a more challenging economic environment through a combination of strong management, the elimination of loss making flying capacity, the flexibility in our business model and market leading tour operator brands. I remain confident that the group will meet the Board's financial expectations for the year ended 30 September 2008."

[assegai] 09/5/2008 13:00

This is an interesting share to follow closely at the moment, not so much for the interims to be released next week as for news of directorate changes and the selling off of its shipping division. In my opinion, with the right news 300p can be expected shortly. Well worth studying.

[pip_uk] 18/3/2008 16:39

Good performance today and a nice 5.9p dividend declared.
This is looking increasingly positive, and they are looking for companies to buy.
With, hopefully,a more positive outcome to the present USA financial outcome people will be looking to get away from it all with a nice TUI holiday.

[pip_uk] 18/3/2008 13:44

Excellent trading update today.

[money_maker08] 13/1/2008 23:38

cheltspy, the volumes on this has risen and its in line with share price uptrend. PLus director buys this looks good for 12 month period

[cheltspy] 12/1/2008 10:34

If they are lending their shares for capital won't there be someone attempting to short in to rises.

[nicebut] 10/1/2008 17:46

Bit late for that are you not?

The time to short was from 2.95 just b4 NY.

[techair] 27/11/2007 13:07

How about now?

[johnnypardal] 19/11/2007 20:45

Footsie 250 : -3.4%
TUI..ly Remarkable Resilience : -0.3% !
TUI AG NA(DAX) :-6.66%

[nicebut] 26/10/2007 11:38

About time we had a thread for this....Welcome.

[taimur] 01/4/2002 21:14

Balerno,

Been plenty of posts about ADVFN on the IRD BB over the years, but in case you missed something, the IRD BBs are now closed. The current threads on ADVFN are about rounding up the community for the TT BB. Not an issue really as half the members are ADVFN regulars in any case ;-)

[balerno] 01/4/2002 20:47

Considered checking-out the bb referred to on this thread but find the site awosomely confusing. Just out of interest how wud IRD.com feel about a thread dedicated to ADVFN? Not a snipe or anything, genuinely interested. tia