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"it took me 2 minutes to pull apart your argument."
errrr no you didn't! The broker notes haven't been updated. Instead Berenberg raised the flag further by referring again to it. And nobody is slavishly following broker notes or predictions. The critical point was that 3 came out and said the same thing that IAG needed a RI. It took a week for a response from IAG which confirmed it was and as far as anybody knows due to very poor corporate communications, still is on the table.
"""We have revolving credit facilities, we are analysing other ways of financing the group so we have alternatives before we
[consider] another rights issue,""
I know how desperate some are to demolish and remove these very inconvenient statements. The broker notes have not been revised. Nothing has happened to change the warnings. Indeed, a fourth broker added to the other three a month later. That frankley demolished all the attempts from all the rampers to dismiss and filter out the comments form the brokers. Ignore them if you wish. Pretend they never existed. Pretend that they have magically been deleted. The company has failed to update the market on the outcome of the financial review. Nothing has changed in that respect. Delude yourselves, keep those heads buried in the sand and filter me.
The focus on the source of those comments is that they are not some comment form a hack in a crappy newspaper or worse a blogger! It wasn't one, or even two errant summaries, it was three and then reiterated by a fourth a month later. There has been no change in any of those positions form those brokers since. Until there is, it is a red flag share with a high risk factor. To pretend otherwise is just reckless.
Letâs see where we are on the 8th November eh? Jumped back in last night at 4:29 with the last of my dry powder, I remember you mocking me yesterday Big Blue because I also topped up the day before and you thought it was funny that I lost 5%. I never responded as I donât need to, I have confidence in my ability. Very difficult, if not impossible to judge the bottom, I made 10% from Boo and ASOS last week, fair enough I have lost most of it here but bagged an extra 10% of IAG shares.
You see Big Blue, I donât have time to post here during the day as I have my face in a screen. A little bit of advise, start trading and spend less time posting.
I havenât filtered you or anyone else as you would never cloud my judgement.
Remember less is more.!!
You talk a lot but you donât say much.
"Credit Suisse analysts believe IAG has about four more years of cash-burn coverage and thus should not need to raise equity this year.
However, IAGâs position âis heavily dependent on the transatlantic market fully reopening, meaning leverage may peak in late winterâ, they wrote.
JPMorgan maintained a long-term âoverweightâ rating due to IAGâs âvery lowâ valuation multiples, but flagged that IAGâs recovery could be slower than expected"
The amount of manipulation in here is frightening. Ignore these obsessed trolls that have a job to do. And note the volatility following their Sunday ramblings, can't be coincidence... Ignore these traders. IAG is a long term, low risk buy.
Berenberg - their target price is 200p! It doesn't matter that much if they are slightly less optimistic than being euphoric! Really BB! You should know better! You can't blindly follow analysts!! If analysts were right all the time, they'd retire at 25! Remember analysts are just paid for the same thing that a lot of us do on these BBs! They don't have access to IAG accounts! And really, how many people do you think really listen to brokers notes? Brokers say 'buy' and how many people actually buy?! You may as well follow the tips in a Shares magazine!! These guys have a reasonably good idea but three of the bits of analysis that you provided are out of date!!! Come on! You can do better surely? My advice BB is that you've been on the laptop too much getting into fights with strangers. Also, don't follow analysts blindly. The Berenberg one is the only credible one of the lot and even they are saying the target price is 200p! The other three were proved wrong and that's the point of most of the articles: "Analsysts said xxx and then yyy happened"!!! I really am surprised BB! You need a holiday! And somewhere nice and warm where you can relax. Not Sh++++ Iceland when it's miserable weather. What on earth! I am feeling even better with my position if that's all you've got!
Oops big blue found out to speak a load of ******
Credit Suisse - that was early September if memory serves - see Goodbody comment below.
HSBC - Lobbenburg turned out to be wrong - opening is early November
Goodbody - again, like Credit Suisse, they speculated only for Gallego to say it wasn't going to happen subsequent to the Goodbody note being issued.
** It also downgrades IAG to "hold", given heightened equity
dilution risk which may weigh on shares early next year --- Berenberg
https://www.lse.co.uk/news/IAG/berenberg-upgrades-easyjet-downgrades-iag-5yatu7tvtabidw2.html
Credit Suisse
https://www.proactiveinvestors.co.uk/companies/news/960029/british-airways-owner-iag-target-price-cut-to-reflect-increasing-rights-issue-risk-says-credit-suisse-960029.html
HSBC
"Lobbenberg [head of European transport equity research at HSBC] added that the timing of any potential capital raise by IAG could be linked to an announcement on reopening the US border, which is now expected in December"
https://www.thisismoney.co.uk/money/markets/article-9980907/BA-owner-soon-raise-cash-shareholders.html
Goodbody
"Earlier this month, easyJet tapped investors for GBP1.2 billion in a fully underwritten rights issue ... Analysts at Goodbody and HSBC said they believed the British Airways parent would follow."
https://www.morningstar.co.uk/uk/news/AN_1632125541714351000/press-iag-will-not-tap-investors-for-recovery-funds---sunday-times.aspx
Oct 2021
** It also downgrades IAG to "hold", given heightened equity
dilution risk which may weigh on shares early next year --- Berenberg
BB- it depends what brokers you're talking about? Can you give a link to the broker and the comment and I'll give an answer.
Is he still here
Quite speech Taky, but now explain away why so many brokers are saying it out loud. Those signals can not be ignored.
This winter is the last hurdle for IAG. Let's imagine that people are building their shorts because of an anticipated RI. Why would there be a RI? Because IAG is not breaking even and can't continue until it breaks even without an RI. Regardless of what happens this winter with Covid, people will still fly this winter if the government lets them. What's the chances of a travel lockdown? Very very low. As a result, what's the chance of break-even coming soon? Very high. What do hedge fund shorters watch? They watch what other shorters are doing as well as global geopolitics and of course what the company is doing. Geo politics are in IAG's favour - the world isn't going to revert to travel lockdown. (Have you seen the isolation camps for travellers that China has built!!!). The company is in fit shape - good management, lean excellent staff, better planes and so on. And the shorters? Shorting is a bit like a house of cards. One falls and so the others fall too. They don't want to be the last ones out. Sure, the shorting is affecting the SP. But so what? Are you trading on the day (ok, some are) or do you have an investment position? I can't see why some think IAG will fold, or why it won't break even in the near future negating the need for a RI completely. I don't see what the shorters see or perhaps they fail to see what I see? I wished I had some spare cash. There are a lot of value shares out here so I don't. It's all invested! But IAG would certainly be one where I'd be investing as the company is in more profitable shape than ever sitting on the golden egg that is the UK. It won't fold, chances of an RI are so slim, and COVID in winter 2021 (antivirals, vaccine). is a completely different thing to Covid in winter 2020.
So casio kid, I know you will hold firm and good luck buddy!
Others, good luck also, and let's try to make clear points rather than hurl dumb insults at each other. I have to admit to being on some boards where the insults are somehow funny or clever, but they're not on this board. You're otherwise smart people, and we're all strangers. This isn't Facebook guys! C'mon! Be better!