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Newbie 20, you do realise that messy has been posting tripe on here for six months and made a number of silly price predictions all of which were wrong and not just a little wrong all of them miles out, so if he cannot even guess roughly the share price over a one week period taking any notice of the tripe he writes about Covid is also nothing but part of his little agenda, I find it difficult to believe that he believes the tripe he is posting.
Luckily the death rate is much much lower
If you look at France,spain and many other eu countries often single figures the past few weeks.
USA not so slow.
All the fuss about spain very few deaths
More testing =more cases
I wonder how flu cases compare with covid cases
It's all getting boring and annoying now if we carry on panicking over increased cases this industry will be doomed.my opinion.
What a mess will then be owed an apology from some or not...
I hear you but if that's true why are we not worse now than March/April???
Yes and they are rising, but at a much slower rate than the exponential growth seen back in March
We are testing more people now, we don't know the true figure of infections at the beginning of this because we were not testing & knew little about it, that's different now. Likely the real infection rate in March was many times what was reported, the rates now are more truthful.
The rate will increase when you re-open an economy, is to be expected, control it, isolate it, kill it.
The Virus is in retreat, we are having localized flare ups (I live in Leicester so I know what that's like!!!), we & the rest of Europe have massively re-opened with only marginal increases (except Spain), we are not at the position we were back in March. Numbers from many other countries also show retreat. Governments are jumping on these clusters & stamping them out, sadly I think this is what its going to be like for the next few months.
Vaccine, I don't think will happen, my worry there is one will be rushed, side effects wont be fully understood and that could be far more deadly than any second wave (Thalidomide anyone???)
Solution is test test test, know who has it, where they are, treat them and isolate them, most recover, move on, deaths as a percentage of cases is still very low. Speedy tests, these 90min tests I have heard about, you book flight, go testing center, get tested, wait in the car, once the all clear has come through, go airport. People will accept that if it means they get their week on the beach.
GLA
Cut the last bit of my post off, meant to say:
GLA, I do feel awful for anyone who bought back in Jan/Feb at the £6 levels
Long time lurker, first time poster, holding just under 11k shares average £2.05
Lets take a prolonged look at this:
This last two weeks we have had so much gloomy news, the price has held at £1.70ish, what else is there now to go bad???
Negatives:
Infection in Spain ballooning, marginal rises elsewhere, IAG heavily exposed to Spain with Iberia & Vueling - disapointing.
Unwelcome re-introduction of Quarantines - Bahamas added, Malaysia off. Last time the Q word was stated, it crashed, then ballooned again.
Rights Issue threat (believe they are holding out see what the share price does, cant see it working at these levels)
Staff friction, honestly a terrible time to be threatening strike action, not sure how that will evolve, BALPA have agreed terms on the pilots, Unite making a lot of noise.
Continuing to press ahead with the Air Europa deal
Terrible Q2 accounts, though hardly surprising, feel they have written off as much as they can - get all the crud out now, Q3 should be an improvement.
Positives:
Reduced onward operating cost with these, albeit, ruthless cost cutting measures.
Qatari confirmation of their financial backing, should prevent total bankruptcy
Anyone looking at the infection rates outside the EU??? USA is dropping fast & transatlantic is IAGs real cash cow.
Pakistan & South Africa should be interesting, both with sharply declining infection rates, both flag carriers out the running competition wise (South African bankrupt - PIA banned) - could be a lucrative albeit specialist development, Pakistan flights due to restart 14th I believe.
Very strong business before Covid, year after year of bumper profits, good solid balance sheet (pre-covid), good dividend payout, shares reached a high of £7.07
Unique business proposition, three premium flag carriers, dominance on the worlds busiest & most slot restricted airport - hard for start ups to enter & compete. LHR - JFK worlds most lucrative route - see comments about US infection rates.
Virgin Atlantic - the weaker this gets, the stronger BA become, Branson has been a thorn in BAs side for over 30 years.
Online conference calling killing business travel, I don't really buy this, look at the fiasco with BOO & sweatshops, you cannot run a global business without sending people out to inspect. Zoom is great, but its not a replacement.
Wealthy boomer generation - fancy holidays - plenty of cash to buy them - many retiring - a lot might fly premium.
Anyone on here got flightradar??? Sharp increases over the last few weeks of BA, Iberia, Vueling & Aer Lingus flights.
Improving testing & treating of this thing, as we learn more, we can learn to live with it.
Pent Up demand, anyone seen the queues at Alton Towers???
Long term I see this as a good investment but at these prices, in this crazy world we are in atm, its going to be a rough ride. Though I highly doubt, for the reasons listed above, that this is going to 80p.
GLA, I do feel awful for anyone who bo