The latest Investing Matters Podcast episode featuring financial educator and author Jared Dillian has been released. Listen here.
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Reckon it will be a rough morning. all those who jumped on board expecting a RR style move, or in prep for divvi will be selling.
I was hoping for 5% on good news. really good news always see 10% on some stocks, this one is under valued still.
for it not to go up at all vs any other stock today is disapointing.
Thanks for your summary. I am on ferry to my Scuba diving resort in Bali with limited internet.
Well I had say what I was doing right? As when I am ever going to have opportunity to do that again.. lol š
Thriller 40
We defo won't see a ten percent rise today to your Ā£2
Not a chance
Maybe a few percent to around 187 ?? But the way the market goes ,buy on rumour selling on news ,wouldn't suprise me for us to finish red today
They have been trash with RNS for months now.
Profit beating expectation, debt reduction, strong summer demand, uk exits recession, seems to be a few positive factors this morning!
Borrowings same level at EURO16BN - they did say no repayments essentially due this year - key thing is cash generation in Q1 has been substantial to add EUR2BN to cash pile - which is bringing net debt down by EUR2BN - which is great to see.
These results seem solid to me - proving demand remains and they are flagging this continue into the summer and beyond although they've not put a stat out around summer booked % which is a shame - hopefully not deliberate.
Capacity up as expected and costs up as expected - if trends continue you would anticipate a full year profit marginally ahead of 2023 which is good - I still think the market is expecting this not to continue which I think is wrong.
Key point for me is outlook positive/revenue and profit up and they reconfirm commitment to cash returns - I never expected them to announce a dividend in Q1 - this would be highly unusual - however at the half year more likely.
Other key point is at these levels they generate EUR5BN of free cash a year - this is used to continue investment in transformation/upgrading fleet and paying off the EUR16 in borrowings - you would surely hope around EUR500 to EUR800MM of this sooner rather than later will be used to pay a decent divi/share buy back - I think it's only a matter of time here so remain bullish on the stock medium to long term
Today - who knows how the market will react - quite possible a lot of these results already baked into the SP - but hopefully not - the headline net debt reduction and EPS is ahead of analysts view - hoping to see a climb to Ā£2 please!!
"We are well-positioned for the summer. The high demand for travel is a continuing trend."
Onwards and upwards!! GLA going to be a strong day!!
Poor show by LSE not posting the eagerly awaited RNS! They must try harder.
Along with noise of a rate in the near term this could do well next week.
Who knows today......maybe down on the open only for it to rise back before COP or nice tick up from the start.
Https://www.londonstockexchange.com/news-article/IAG/iag-q1-2024-results/16463300
Yes loss down to single digits and their operating profit is circa 70M not big enough to plan for dividends. Their borrowing is still high. For full year they see 7% growth.
Not much of fireworks to send it to 250p but hoping to see atleast 2-3% rise. They say good demand for summer so hopefully 180p is now the base. GLA
Down to 1.50 on open.... lol
"Q1 results beat expectations". You can't ask for more than that. Onwards and upwards!
It looks like it, solid results hopefully a good tick up today!!
Bet they tweaked the wording last minute as 2 fingers to O Leary
āWe are committed to sustainable shareholder value creation and cash returns.ā
All sounds promising and like the debt falling. Personally think this is a great first quarter set of results.
D9Ber1
Morning! Or just download the VOX markets app. Put all your required companies in your watchlist and click on the rns @ 7am it sends a link for immediate reading?
Best of luck today all
Debt down to 7.4!
Loss for Q1 down substantially.
No real mention of a divi return.
Fingers crossed for a Blue start at 8.
We LTH deserve a break
Gla
D9Ber1 - itās easier and quicker to just do what I do ā¦
LSEG RNS - input that into your browser and it will bring up the news site. On the right hand side you will see a smaller menu and the top option is an option for live news. Just hit that and it brings up the new RNSs. You may have to refresh the button once or twice just after 7 am but then it should start to list them all. Itās also worth checking at 7:15 or 730 again as not everything is released at 0700
Https://www.londonstockexchange.com/news-article/IAG/iag-q1-2024-results/16463300
Can someone post the link to the RNS please.
The wait is over ā¦))
Great results, should see a positive start .
āWe are committed to sustainable shareholder value creation and cash returnsā
Is that enough?
Cabin crew, seats for takeoff pleaseā¦ā¦.or not
Enjoy the rideā¦.
The company simply says on dividends that they are committed to shareholder return but do not give a date.
2 billion less in debt is the key figure for me ā¦.