TUI

Today is the first full day where all shares including the RI shares are available to the market. So far the start to trading has been stable. The SP has never reached the RI price of around 4.88. It might do that should those having taken up the RI shares be spooked by something.
In my view, any close above 527/528 will see the SP rise over the coming weeks to 757/760 or above. Current price is 523/524. Stops below the RI price.

RI essentially completes today with the RI shares becoming available to the market. TERP is minimum of 7.36 but could be somewhat over 8 GBP. Current price is 505 and the RI price is around 4.88 (5.5 euros). The RI was preceded by a 2 other rights issues and then a 10-1 consolidation. RI was 8 new shares at 4.88 for every 3 held at just under 14:00 the day before the RI.

At the current price, in my view this is likely to yield a profit for those long. Any drop to or below 4.88 would seem to a very good opportunity.