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Not gloating as my average is 252. Can see this going lower but only another 15% max. Not too bothered as I have time to wait.
Whatamess is right about one thing, the virus is going to be about for a while yet and there won't be a vaccine for at least another 12-18 months.
But thats only my opinion.
Yes I watched Fauci too, he says any crowd can spread the virus but refused to say 1/2 million people protesting spread a virus!
Yet he advocated banning people going to church and banning sports events, closing businesses. Yet protesting no problem :)
How can you take this guy seriously or does he have another agenda hmm.
Congrats to smokey1 who guessed 173 so was the closest to todays closing price, gloat away smokey1! For all those who guessed yesterday you are all dqed as you were all to late to enter the sp guess to gloating comp!
As for todays results I have no useful input so I'll stay hush, as for the RI issue WHY didn't they state the price? This was the most anoying thing about today!
Also did anyone see Fauci today being asked if protests could cause of the virus to spread, he just wouldn't say yes and kept saying the "Crowds can" When pushed he still wouldn't say it! Everyone knows protests can help the spread of any virus so why wouldn't he just say "Yes, the protests could help the virus to spread" I wonder if hes to scared to upset the BLM movement by saying it?
Anyway have a good weekend all :)
I'll be more precise 183! GLA
Hold tight!
@Portland: My view is that the Union situation has been dramatically overlooked on this BB, it is the most important obstacle that IAG need to overcome in the short term, there will never be an opportunity like this ever again. I know personally of Long haul FA’s on the legacy contracts (Granted, working in First and Business) who earn as much as Primary School Head Teachers, it is a good gig, but can no longer can be Supported. Personally, I am not bothered if the SP languishes for an extra couple of months as WW needs all the ammo he can get. I am hoping that the majority on the legacy contracts accept the VR and the mixed fleet will be more than willing to accept the new terms.
Always interesting reading your posts Portland, so thanks for the various insights. My first thought was the same as your first line; selling even more paintings and also some silver cutlery we found, type of thing. After the Dow bounce and with Fang rising post market/results - in some minds seemingly vindicating their crazy valuations - I think the Dow, and ergo Footsie, will be very buoyant tomorrow. My silly guess: 196.8 at close tomorrow having failed to hold at just over £2.
My only concern is the BOD using the results as an opportunity to create more ammo with the unions.
Hopefully the fact the SP is less that 2/3’s of January’s price proves enough damage.
The situation with the union is getting interesting. Unite are claiming everyone are unhappy but it seems to be just the legacy crew that are unhappy, the mixed fleet crew are simply annoyed with Unite and made their feelings towards the unions very clear! (this has come from crew I’ve spoken to on numerous flights)
The worry for the mixed fleet crew is the question mark over redundancy, whereas, legacy it’s the conditions
I have no idea how the back office staff and engineers are feeling
If this share were to dip below 160 then something hugely wrong. Huge resilience at 160 level when it was tested before in May, similar to the support at 180. would need to be appalling/unanticipated results to test this level especially as all other negatives are already in the price!
Load factors have been really mixed (I’m still flying most days).
Germany was ok (14 in club), economy only 70% full. They are running a321’s on these route (for cargo reasons) they continue to use 787 on one flight a day (most days) to Amsterdam and Madrid (again for cargo reasons not passenger demand).
Italy, Switzerland and Greece have all been decent load factors
On the basis of data on the plane finder app, average number of BA flights a year ago was circa 100 planes in the sky and now circa 30, I predict slight recovery to £1.80. Very much a fag packet calculation and no idea how full these flights are, but holding these long term, so not really bothered.
224 for me :)
£1.91-£2 range. I'm basing this based on their losses being £200 million EUR per week (approx. £180m per week) - £750m deal with AMEX and the cargo/passengers they have been able to shift taking them to under £1.5b in losses. Costs will have been cut and if the board has done their job properly losses should be significantly under that figure now.
Have decided to hold till tomorrow, I hope I'm not wrong but I can't sees a massive drop coming after the results tomorrow, nor can I see them announcing a rights issue yet. By my back of a fag packet calculations they should be sitting on £8.5b cash available and some (albeit not a lot) of flights will be generating some income for them now.
My avg £2.30 I'd take £1.90 but could be £1.60
186.4
270 would be a nice surprise.
1.91- 195
Sorry forgot to add, its end of trading tomorrow thats counts, the winner gets to gloat!
I forgot all about this lol, ok so these are the predictions made back then, going to be interesting as there are a few with a shout of getting close :)
Paddyboy1 - 270
smokey1 - 173
TakingMyTime - 232
Moonman1977 - 190
RDLeeds - 250
DaggerMal - 180/190 Bl00dy cheat ;)
TradingPlaces69 - 180
Smartinvestment - 174
@spoon_key look forward to your adjudication at COP tomorrow
174p as expect results and cash burn rate to be worse than predicted. Also WW will again paint a very negative outlook due to the necessary restructuring. For transparency I sold out today and intend to buy back in around this price or lower.
I'm in at 1.66, for this thread only, I think 180
Results day predictions? Depends on the mood of the day. Look at Ocado today. Great results, dropped 50p.
If IAG drop on good day. Could go 10% up.On a bad day 10% down.
For fun only, I'll say 1.80- 1.90 only because I dont see the sp doing great things between now and then.
Not normally 1 for guessing but 250. Don't think any real surprises are likely, money has been lost due to covid and that is well known so isn't a shock to anyone. Once the state of play if fully known, money will come back in without any further covid escalation/border closures.
31 July
https://www.iairgroup.com/en/investors-and-shareholders/financial-calendar/2020
What date is results day, please??
Thanks in advance