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Good news for you Teddy your on the make .... fair play to you
Plus if everyone remembers September last year was the beginning of a really bad couple of months for markets and all share prices due to rising covid cases again and it wasn't until the vaccine announcement in November that markets started rising again.
I agree with you on BA being a very strong brand and this rising to 300 in the medium term.
It's been ludicrous to hear people chatting about 65p share prices. Laughable
This is the other bit. Why would IAG not just take on more debt as it has been doing rather than flogging itself at the bottom of the market? And 150 is pretty much the bottom. As you say, if a rights issue is coming it'll be in the new year probably.
This hype around a rights issue based on speculation is against all logic.
This SP has been 220p this year, can't see them announcing a RI at 150p, if it is going to happen it'll most likely be alongside news of transatlantic travel reopening, by which time with all the funds piling in on insider information it'll probably be up at around the £2 mark or higher.
@Lloyd: I should better go to Gamblers Anonymous as all my dough is in IAG as I believe this share will be 400p in 2 or 3 years time. Investing is a risk and currently I am about 15% under water on a significant investment. I invest in IAG as I know this airline. It does not keep me awake at night and I have no serious leverage on it apart from about 20% which is manageable. That said a RI would not be good for shareholders at this stage, the SP is not robust enough and there will be too much dilution for long term holders like me.. The aviation industry has been given a life line and if you look at the European market for BA it is looking very healthy, BA are sending 5-7 daily flights a day out to Barcelona in November alone, normally considered the second worst month after February, do some research on other European destinations you will be surprised. BA have the envious advantage of being based at Heathrow where the UK wealth is who want to fly business or with more comfort in Economy and reliability from a convenient location. The majority of their customer don’t care a ****e- about the price difference between a Lateral flow or a PCR. test. The test to get back to blighty killed the weekend break market, it is back on, affluent, time poor people love weekend breaks. Don’t underestimate the potential market for BA, as I have stated many times on this BB when things get back to normal, as they slowly are, BA is a licence to print money. The RI ain’t happening, BA is a great brand and a great product, the Phoenix is rising my friend and as I have been informed them coffers are sucking that cash up with them Autumn/Winter bookings.
RI, don't make me laugh, ha, ha, ha
The trouble with broker notes:
The current system is a barely defensible fudge
The current regime has engineered a gravy train of excessive charges for barely read research
are already more or less worthless
https://www.investorschronicle.co.uk/2015/08/20/comment/chronic-investor-blog/the-trouble-with-broker-notes-ldCFl5Xrhm86OfcliRJi6O/article.html
... is there any credible evidence for a rights issue, or had everybody here been hoodwinked by Big-Blue...
Johnybrie must be having his lunch or something. Hasn't had the opportunity to answer the question, were the tanks purged? I am getting so excited waiting for the answer. Hurry up johnyboy. The suspense is too much. Purged? Not purged? Risk Assessment? Flight plan?
Another possible reason to be fearful is if you are all in on IAG in which case I suggest contacting gamblers anonymous
Exactly. All of this fear around a share issue is baffling to me, unless you are a day trader as you say.
Youll be offered a discount and can average down. Any finance textbook will tell you that rights issues are irrelevant to shareholders, since the company has a bigger balance sheet. The only reason, and I mean literally the only reason, to be fearful is if you think IAG will misuse the proceeds. In which case you should have sold anyway, which makes the fear even more ludicrous.
I'm not worried if there's ri as I've funds waiting in my isa and the easy jet ri looks to be OK to me
Share price plus the rights shares are well over £8 if you wanted to sell easyjet
Wont it be better if iag can reduce debt or use the funds for another takeover over time
Nothing to worry about if your investing unless your daytrader lol
What sort of price per share is the RI likely to be, if it happens at all. Was it not around 88p last time around?
Which year D9Ber1, lol?
Just havin' a laugh. No but seriously - which year?
I'm hoping towards £2.50, assuming no RI, US fully open and travel restrictions fully relaxed. I'm hoping we hit around this price by year end.
Hopefully this time next year,my shares will be £2.50+ a share, every month I'm buying more and more,I have a lot of confidence that I can sell with a good profit in the futurefuture.