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Savvyinv. I agree but think it will top out higher close to 400p but I agree on the retrace prior to results and have the same figure in mind.
£2.90 would make me smile. a reduction of kung-flu number in the US would make me smile even more.
Whatamess. It doesn’t have to last! It just needs to last long enough!
Ok, so the DJ Index is staging a recovery from last Friday, with the US Airlines making solid gains today. I am expecting an upward movement now for the next 2 or possibly 3 days on IAG, according to my charts, and then something of a retrace once again. I think this will open up strongly tomorrow and then will see what it reaches by mid-morning. If there is heavy buying, this may reach £2.50 to £2.60 by 10.30am before cooling off. Possibly reach £2.90 by the end of the week and then I expect to see downward movement back to £2.20 levels just prior to FY Results on 25 July. But who knows, I could be completely wrong with this prediction!
I’m like a Proud father watching his little one taking their first steps today. 3.97% higher, still holding onto the furniture, but off we go...
Now safely tucked up for the night.... off for a pint !
You can extrapolate how much the corridors help if you have the time or inclination. Work out percentage of flights now versus before the virus, factor in the corridors are for routes that aren't very profitable in comparison with long distance. That gives you income. Fixed costs will be roughly the same. basically you still have high costs, and minimal income despite noise of 'our websites cant handle the pent up demand nonsense in the press'. Cash burn will still be atrocious. I'm not advocating selling as it is a good long term price, but short term it is no bargain price level either.
The rate of deaths are falling, the treatment of Covid has advanced since March. There is billions pumped in R&D and the race to find a cure is not that far away. I realistically feel that we will turn a corner in August- September. 350+ by end of the year and will be buying on any dips. GLA
Mess for someone so repungant of this share you seem to spend an awful lot of time on this board?
Cant seem to find you on the other gold stocks I've invested in such as poly, cey...
Just move on mate, your a fraud either looking for a cheap entry or shorting (not good idea, short % Is low)...
Mess your just stating the obvious mixed in with ridiculous theories...
We know we in for a long U shape recovery, we know mass unemployment is on the horizon once furlough ends, we know house prices will come down etc...we not oblivious to these factors...
This is why I say this share WILL NOT CORRECT UNTILL THE FTSE DOES!
However leave all the stupid sh*t out such as sub £1, travel corridors dont make a diff, 2nd wave starting off etc...
P.s Walsh said corridors are pointless in the sense he thinks travel should be free for all...obviously travel corridors are better than zero travel!
Mess you back?
Honestly looking at the rationale of your posts you seem like the sort of individual which worries about death everyday...
1) Travel corridors are not a joke, look at the booking numbers, some sites seeing highest traffic ever. Airlines bosses grateful for them, see it as a lifeline...
2) That weekly cash burn is an old figure based on next to zero activity obviously thats nowhere near the case anymore come July...
3) 2nd UK lockdown? Which country has imposed a 2nd lockdown atm, none to my knowledge. Local lockdowns yes, but you will have these sporadic outbreaks here and there, very much different to a 2nd wave...
Looks like there will be no material increase in the price of this share in anticipation of, or once air bridge news is confirmed. Market sentiment seems to be on a downward trend at the moment , and I think the negativity we are now seeing in the world markets far outweighs any green shoots of recovery. Whilst it is tempting to buy into IAG at the current price, I think there are good enough reasons to hold off at the moment and get in when it hits the £1.60 to £1.80 range. IMHO, this will happen by the end of July, when their Q2 results and cash-burn are communicated to the markets - both are going to be quite bad.
That would work in places like europe where countries can bar each other entry to cordon off infected areas. The US however has no internal borders. So whilst NY has it under control now, how long before other states bring it back to them by people going to New York? It's unfeasible to expect a 2 speed US, without having stringent internal checks within the US population flows. Americans however will never accept that due to their 'constitutional rights', and it would also be a killer blow for trumps re-election campaign, so it will never happen.
Those Americans falls right into this BLM trap like a brainless butt wipes. I know racism needs to be handled once and for all. But there is a right time and a right place to do things and this time is not for BLM, It's for ALM since Covid affects everyone equally. They are basically giving up their dominance and handing it over to China on a silver platter. Though I hate it as much as most people, will be looking into buying china stocks before 2021 as China will presume leader position. I absolutely hate this from the bottom of my heart but this is what it is and need to adapt to change. Hope US will open their brains instead of opening just their eyes to follow a mirage.
Yep take your point about NY. could there be a two speed USA? NY flights for BA, would help nudge us in the right direction.
The virus may be around for a year or 2. It will not stop people flying in the future, we will adapt and IAG will be stronger company in a few years.
No chance Bricks. They now have more cases a day then they did at the height, its just more widespread. A vast proportion of americans are idiots who will simply ignore all distancing advice, so it will continue to spread there. It's not helped by '#Itsjustacold trump'. Lets say somehow they do persuade the world to come and visit again (and I seriously doubt the highest contagion nation will make europe's safe list), who in the right mind would want to visit there unless its absolutely necessary? Your chance of catching it there is higher than anywhere else on the planet.
@Bluelight I can see US reopening for travel within a few months tbh...
Its recent outbreaks have been in limited states on reopening which is normal and probably continue to happen...
On the other spectrum NY recorded its lowest ever daily death toll, 5...
They already discussing with Europe how to resume travel...give it a month or two pathway should be created...
China seem to have managed, Europe not doing too bad wont be long before US works it out too, there's no chance in hell Trump is going into election with Covid out of control whilst rest of world has it under control...
350 be end of July is dream land. Not a chance in hell US will reopen before next year. 3m cases and climbing doesn't disappear anytime soon. It's getting worse over there, not better.
Well nearly 2% up today. Over the next few uncertain weeks, a series of little gains, couple of times a week will do me.
IMO the USA & South America have at least a month before any concrete steady decline in CV numbers. So baby step gains will be very welcome and the likelier scenario, than £3.50 by the end of July. This is a 18month-2year turnaround IMO, but there will be money to be made.
GLA what ever your tactic is.