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Seems the timing is always bad , never seem to be able to take advantage of good stock market days. Still I have hope... Nothing a few beers won't help solve :)
Who picked 1.85 close of play today? If may get to 1.87...
I don't debt think much of an issue as its reducing significantly. The 10% SP rise in the past three weeks has been due to the expected good trading update. Fact SP hasn't bombed is due to the update being of expectation. I'd be very happy with another 10% over the next three weeks.
Brokers Liberum and Peel Hunt maintained their positive outlook on British Airways owner International Consolidated Airlines Group SA (LSE:IAG) after it exceeded expectations in the first quarter.
Liberum reiterated its buy rating with a target price of 450p, noting that IAG’s operating profit reached €68 million, significantly higher than the €9 million recorded in the previous year and above the consensus estimate of €48 million.
Liberum’s own forecast had predicted €17 million.
The outperformance was largely driven by higher passenger revenue, said the broker, which also noted a 4.4% year-on-year improvement in unit revenues, particularly a 6.5% increase in the North Atlantic region.
Peel Hunt has also reaffirmed its buy rating, setting a softer target price of 230p after IAG surpassed the broker’s operating profit forecast of €56 million.
https://www.proactiveinvestors.co.uk/companies/news/1047303/british-airways-owner-iag-wins-seal-of-approval-from-city-analysts-1047303.html
Yes, that is a good point - thanks..
Unlike some of the uncouth responses i have received on here
Good riddance. if you want a short term gain, this isn't it. b*****r off
..... more like the teacups today - which after the shenanigans earlier in the week, is probably no bad thing. At least we seem to have settled at a higher support level than previously, so hopefully creep up steadily from here. EZJ are up 3 times as much as us as today, so hopefully when they put their figures out next week, we can reciprocate.
Anyway, the sun is out, there is (miraculously) some money in my wallet, and life (as I am becoming increasingly aware) is short. Hence I am, somewhat predictably, off to the boozer, to put the world right, talk a lot of bo***cks, and admire the pretty ladies in their summer frocks; its the British way, and what pubs were invented for.
Laters.
But debt is reducing quite rapidly, and should continue to do so, bar any disasters.
We shall see, I am considering dumping the stock due to the fact that their debt is too high. I bought in a few days ago and was hoping that on the back of the 1/4 report it would fly, but it hasn't in fact it has been considerable subdued
We shall see, I am considering dumping the stock due to the fact that their debt is too high. I bought in a few days ago and was hoping that on the back of the 1/4 report it would fly, but it hasn't in fact it has been considerable subdued
The price on the back of the 1/4 report should be a lot higher than it is, it is so volatile and appears that the City has no confidence in the stock, maybe that's due to the heavy debt iag has?
A lot of companies rating IAG as a buy in the last 3-4 hours , will do wonders for the sp over the next few weeks
I believe that will be the case. Early morning rise followed by profit taking followed by longer term investors starting to buy in or add.
The results aren't showing up here under RNS? Is it just me?
Truth be known , I'm a bit disappointed with the outcome this morning
Why hasn't this rising the results were fairly decent maybe the rise will come in the following days.
Agreed Twonko ....I have taken the Meaden position also ...bought 135 out 180...putting all funds into others like S4
This is just classic ftse dog5h1t index waiting to see what the yanks do on what should be a great day generally for all stocks.
What a lame market
Share price has just gone negative for the day :(
Its clearly another shorter getting toasty anyway.... or a s**t post. iag mcap is over 9bln, debt is 7bln, so whatever he/she/it is, is incorrect.
Whilst the debt here is still high, it is in the main being addressed. Also for the quiet Q1 period the results are not bad & there is no reason to expect a deterioration in performance over the remaining trading year. So all being well I would expect a slow gradual rise in the SP, plodding steadily upwards slowly. And there is still the potential dividend reinstatement at some point in the near future, (end of year perhaps?). It’s a BUY from me.
Certainly wasnt expecting the SP to drop today at all :(. Poor performing, even though the 1/4 report was good it looks as though IAG's debt is just too much to have any confidence from the City
IAG has a debt way bigger than their market cap
someone clearly has no concept of how debt works in large companies.
Loads of companies been dropping on decent results. I’m more than happy it’s blue (for now)
Lovely to see 5the usual rampant optimism and fortune telling but the reality is that IAG has a debt way bigger than their market cap, which means either no divs for ages or a rights issue. The good results were pretty much baked in and the recent sise has just followed the market trend along with nearly everything else. i bought IAG when they were almost free with a Jamboree Bag, so I am sitting on a very decent profit. But would I buy them now at this price? Not a chance. So why should I continue to hold them with no div? It's a decent enough Company but there are loads of those. I cannot invest and for that reason I am out. (D. Meaden TM)