3 weeks ago I uploaded a trading idea of TUI1 discussing the likelihood of a potential breakout.
First, I would like to give out my apologies, I have not shared enough information involving this trade which could have led to a lot of confusion.
What really happend
On the 7'th of January TUI Publicly announced the agreement and approval of a capital restructuring plan,
Including the dilution of 508,978,534 new shares among existing shareholders,
offering 25 new shares for every 29 existing ones at 1.07 euros each.
With this share dilution, TUI was able to raise over 500 million Euros resetting the price from 4.65 to 3.32 a share.
Everybody who held TUI at the time of the share dilution has the ability to sign up until the 20th of january.
The New Shares will be distributed on the 29th of January.
I hope this clarifies the whole situation around TUI,
Wish yall an amazing start of 2021
And like to see you again
First, I would like to give out my apologies, I have not shared enough information involving this trade which could have led to a lot of confusion.
What really happend
On the 7'th of January TUI Publicly announced the agreement and approval of a capital restructuring plan,
Including the dilution of 508,978,534 new shares among existing shareholders,
offering 25 new shares for every 29 existing ones at 1.07 euros each.
With this share dilution, TUI was able to raise over 500 million Euros resetting the price from 4.65 to 3.32 a share.
Everybody who held TUI at the time of the share dilution has the ability to sign up until the 20th of january.
The New Shares will be distributed on the 29th of January.
I hope this clarifies the whole situation around TUI,
Wish yall an amazing start of 2021
And like to see you again