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BERENBERG CUTS INTERNATIONAL CONSOLIDATED AIRLINES PRICE TARGET TO 180 (200) PENCE - 'HOLD'
I gave up on AIM a while (and a pile of money) ago, but over the last 2 years plenty of FTSE 100 shares have behaved more like AIM shares.
Guess maybe you bought in late or sold too early. I made some decent money on PMO (Harbour) before the consolidation.
Didn't expect blue today. a lot of folks probably shorted euro indices this morning and came a Roy Cropper.
That's why I steer myself back to ftse shares nowadays- that's where the action is. Last Aim share- Baron oil. My account was pretty barren after that excursion a few years ago. (Blimey- 6 trades so far today). Hurricane Energy, them Harbour (then Premier oil) Penny shares- yup, my account always ended up in pennies after a good pasting. Live and learn.
I have a poster above my computer exhorting me to sell and rebuy later if a dilution or other big fundraising is needed.
Starting to move up now. May see 3.5% today give or take. Dry powder in the offing. Under 160 buy would be magic. May dip a toe in at RR as well. GLA
Morgan Stanley notes six reasons why UK markets should outperform the broader European market over the next few months:
1) UK tends to outperform in risk-off periods - "over the last 20 years, MSCI UK has outperformed MSCI Europe 68% of the time during periods when global equities are falling," says Secker.
Defensive sectors account for 37% of UK market cap according to Morgan Stanley.
2) UK is a relative beneficiary of higher real yields - "a move up in US real yields to our bond strategist's target of -10bps would point to c. 12% outperformance of MSCI UK versus Europe-ex-UK," says Secker.
3) UK is one of the cheapest major global stock markets - "At 12.6x, the FTSE100 is the cheapest major index versus its own 10-year history," says Secker.
4) UK to benefit from increased focus on dividends - "MSCI UK's dividend yield of 3.6% is currently twice as high as that on offer from MSCI World and nearly 150bps more than MSCI Europe-ex-UK."
5) EPS expectations are very low for the UK
6) UK is a key beneficiary of our positive view on oil - "A rising oil price is very positive for UK EPS, given that 25% of UK profits comes from Energy sector," says Secker.
STRONG START. Should see 1.54-1.55 close.GLA.
Morgan Stanley 'buy' recommendation for the FTSE 100, labelling the investment case "compelling"
I must admit, i bought some shares yesterday after having traded them last week and profited 2.5 pence. Let's see where we go today..I need £1.503 to break even....But I am always holding the big bulk of shares I have had for a while now.
IAG will come good by the summer as bookings will soar, especially with no testing required. That is a game changer plus covid numbers coming down everywhere. DYOR.
Planes were very FULL in december and beginning of January actually.. Secondly, jan-feb months are usually quieter months..Come the spring and summer you will find that IAG will be adding routes, frequencies as people will be travelling more. Plus, with testing now almost gone, people will book flights /holidays more from 11th Feb. Not long now till IAG becomes profitable IMO. DYOR.
I don't think IAGs response to the slot rule change is encouraging. Whilst there is a step up from end March to 70% use, there is provision for variability according to the destination rules which may have restrictions leading to reduced flights. Under those circumstances the 70% can be relaxed.
So why are most of the airlines, and airports supportive but not IAG? I am sorry to say this involves that comment shortly after the opening of the transatlantic routes with the 'mostly full' planes. I think IAG is struggling to fill many of the planes, and that is on a stalled reintroduction of routes and the prospect of having to return to 70% slot use means they are going to have to fly nearly empty planes. I know this point of view is going to anger a few people, but corporate news is non-existent and in stocks no news is generally not good news!
Luis Gallego, chief executive of IAG--which owns British Airways and Iberia, among others--said that under the current circumstances the decision would force airlines to operate flights with low load factors, thus generating unnecessary CO2 emissions. "This is bad for the environment and detrimental to aviation's efforts to tackle climate change,"
https://www.google.com/amp/s/www.marketwatch.com/amp/story/uk-s-move-to-soften-airport-slot-rules-prompts-mixed-industry-reactions-update-271643040021