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Apologies, Oil,
I didn't copy the whole of your message into my response;
"I bought at 180 and have no money left to average down.
As for this being a long term investment, I know that"
So, forgive me, you bought into IAG after years of decline but you still knew it was a long term investment?
I'd be curious to know what your rationale was on why you believed IAG would grow beyond your £1.80 buy in price?
ATB.
Oil, just filter scotty, stop giving people like that oxygen. They end up taking more mind space than they should. People like that hate being ignored, just ignore his/her existence. Not as if what they have to say will impact the sp in any way.
In my past life I had C.O's that like to hear the sound of their own voice too, until it gets hot, then they disappear.
Oilz
"But IAG has been sinking now since 2018"
Then it begs the question why you bought in at the time that you did, as you would have bought a couple of years after its decline.
We are all accountable for our choices (and investing mistakes).
ATB.
Sundance (cool name by the way - obvs the Sundance kid)
Travel stocks will have a fight back, but this is an industry treading a fine line.
We need consistent quarterly updates with consecutive financials showing how we are growing.
I only invested here as I thought IAG would outlast the competition. They will stand the test of time and continue on, and their last update suggested that.
I imagine you will comfortably reach your average target. I obviously can't base that on anything but our profit earnings is low, when compared to our revenue is balanced incorrectly, so if we keep it up, a correction will occur.
It's easy for me to say; but at your average SP I think you'll be fine.
Good luck pal.
get rich quick
I bought at 180 and have no money left to average down.
As for this being a long term investment, I know that.
But IAG has been sinking now since 2018 and there is no end in sight. Only a month ago at 94 we reached an all time low in the history of the several decades of this share’s life.
How can we be lower now than during Covid and full lockdowns when there were ZERO flights and all routes were closed?
A record number of flights now and 1.2 billion profits this quarter and all routes reopened bar a couple.
It is not a matter of time. I was not expecting IAG to be £ 10 but at 130 as I speak to you, our sp performance is pathetic and farcical
JTan
Really?!?
So you suggest I no longer post because otherwise Scotty will troll me?
Really?!? Are you being serious?
Trolls have no place in society and the more we make them win by not posting anymore, the more they will thrive.
As for having a thicker skin, easier said than done. I would like to see you in my place. What is every single time you post, Scotty calls you stupid, tells you to shut up and laughs if you lose a lot of money in IAG or other investments? And what if someone stalks you in your life?
It’s always easier to tell others what to do, until it happens to us.
Scotty can f*ck off for all I care
I'm with you on this rich. I need it to reach £150 before i start to make money and its my biggest holding (ever) that why I don't give advice but am confident that it will make money so will continue to hold even when I'm back in the black.
One more thing - I don't believe we will be the worst performing economy next year they never get there forecasts right and never apologise when they are wrong
Oil,
I'm more exposed here than what my life lessons taught me not to do, and I made a mistake buying too many but I did so to average down as I first bought in at £2.
Due to my attempts to average down, I'm almost at break even. That said; I feel your pain if you're sitting at a higher average and that is something I nor anyone can change - not that you asked that of anyone.
Many investors get caught out and buy when climatic changes are about to occur and then the share price plunges, but that doesn't mean from our current levels that people like me aren't happy with being at break even or in profit.
I've got quite a few grand tied up in here, and I'm a dogs whisker away from break even again.
Assuming we keep receiving healthy quarterly updates regards our finances, I know I'll make money from this point in onward.
So for me, I can't complain too much. If anyone was buying into the travel sector when travel industry was slowly opening back up (such as you and I did) we really can't complain too much with it's recovery.
It's been the hardest affected and the slowest to try and recover. Surely most folk knew it's a long term investment.
GRQ.
Jtan ; the messiah pmsl lol
Willie Walsh, the head of global airlines body Iata and former boss of the British Airways owner IAG, said there were clear indicators that UK aviation was recovering more slowly than Europe’s.
https://www.theguardian.com/politics/2022/nov/21/no-doubt-brexit-damaged-uk-economy-says-airports-boss
IAG gets a big upgrade today and it sinks yet another 1%, whilst Lufthansa is once again in the blue and at a 12 month high.
Come on IAG, you only need a 50% rise from here to go back to 186.
What a load of rubbish, this share is
The UK economy is to suffer the biggest hit of all the G7 nations next year, a report has forecast.
The economy is to contract more than any of the other six countries that form the group of the world's largest industrialised democracies, according to forecasts from the Organisation for Economic Cooperation and Development (OECD).
GDP, a measure of economic output, is to reduce 0.4% next year and grow 0.2% in 2024. This is better than previous OECD predictions which has been for the economy to remain static.
https://www.google.com/amp/s/news.sky.com/story/amp/uk-economy-to-be-worst-hit-of-all-g7-nations-oecd-report-says-12752890
The worst kind of person is the one trolling others…
5 posts from you today all against me.
Your last 45 posts on this board are 42 against me and 3 against Sundezema calling him/her “stupid”.
No one else is clever.
Only SCOTTY
Clever he/she may be. Who knows?
But brave certainly not… hiding behind a keyboard is hardly the act of a brave and morally fair person .
I think I told you several times already that I somehow do not think you would dare call me any of the names you have been calling me and other people on this board.
As for the LSE moderators, they no longer exist, as I have reported this individual 3 times already, but I can see that I was wasting my time, as he/she is still trolling each and every post of mine.
Karma will bite you, back… be sure of that.
What a difficult share to own, this is…
They must be having problems .
I am having issues also.
HSBC raises International Consolidated Airlines price target to 165 (130) pence - 'buy'
Ezj down 2.7%
Jet2 down 1.25%
Wizz down 4.4%
Please shut up
.
Back in the red at 131 despite FTSE up almost 1% and a very positive HSBC analyst upgrade from 132 to 160.
I can't get prices on the screen.
Makes perfect sense to me
- bench mark oil down , but jet fuel at significant premiums
- covid remains an issue in China
- discretionary spending is falling sharply, mortgage defaults on the rise , housing demand falling
-easy to see our recent very good numbers are just temporary. They will recover but not right away
Oh and my terminal has jet2 and ezj as IAGs closest peers
Iag is up 0.4% whilst ezj is down 2.27% , stop crying.
Oil you may want to change your username.
The ftse is an index of which in recent times is weighted towards oil and gas companies that BENEFIT from higher prices. That's why you may find the index up but other stocks marginally higher or even trading at a loss.
More than 400 leased aircraft worth about $10 billion are unable to leave Russia after European Union sanctions forced the termination of their lease contracts.
Lessors claim the planes are covered by war or theft policies, but insurers point out that the planes are undamaged and may still be able to be returned.
https://netherlands.postsen.com/trends/103760/Factbox-%E2%80%93-Aircraft-lessors-are-suing-insurers-for-65-billion-over-stuck-Russian-planes.html