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The UK and Spanish governments are understood to be discussing the opening of specific air routes that would allow UK tourists to return home without the need to then quarantine for fourteen days.
Majorca-based tourism and travel magazine Preferente refers to a Madrid spokesperson saying that there are negotiations with London and adds that the UK Foreign Office has confirmed that these negotiations are taking place.
Discussions along similar lines between the UK and Portuguese governments are taking place. The UK's Travel Weekly notes that these discussions are at an initial phase but that the Portuguese foreign ministry is neither denying nor confirming that there are specific talks about air corridors (or air bridges). From other sources, however, the UK Foreign Office is reported as having confirmed that there are talks.
The quarantine on travellers entering the UK is scheduled to start on 8 June. The Spanish government has indicated that foreign tourism will restart on 1 July, although the Balearic government continues to press for "test" foreign tourist flights and stays in the second half of June. These tests would almost certainly be confined to air routes with Germany.
Meanwhile, Jet2 has announced that it will resume flights from 1 July, having previously decided to suspend operations until at least 17 June.
'So why the screaming mental increase in the SP over pre troubled levels ??'
Good question.
Let's not forget most recent RNS, DTG have financial resources should they wish to use them to at the very least last out till April 2021, plus recent report from the BOE. Hence confidence has for now at least barring a second wave increased, imo.
https://www.theguardian.com/business/2020/may/26/uk-recession-bank-of-england-economist-andy-haldane
In my auditing days, post Balance sheet review, Contingent liabilities - Fuel + TX hedging losses , broken business model on fundamental levels, Planes RV collapses - Going concern review - would be applied post Govt employment support finishing - methinks - the RI RNS states that about survival - so why the screaming mental increase in the SP over pre troubled levels ?? - its front rank, rear rank fire surely with bayonet attached - when the SP is right !?
Strange thing these malign hope rallies, I get the 'Relief rally' but after a cancelled Divi - 20% Dilution no revenue +£400m debt and mass European unemployment & 7m on UK Furlough - I don't get it. Question - Am I in the state of mind to risk my family's health on an all inclusive holiday to Spain and come home to no job , kids still have huge school problems , + my cars RV has just halved, when the govt F scheme finishes soon or it will wipe out the UK Public Sector finances. 11th Matrch first RNS Covid related SP £10.14 149m shares in issue £1.5bn Mkt cap, today, 178.7m shares post RI - £8.12 SP £1.45bn when Dart will probably face 12 months of losses - Clazy but true. I understand risk and reward, but this is too hot to handle at these prices especially when the RI was £5.76 & new offer shares open for trading tmz. Yes Sp will no doubt soar, but on what fundamentals?? - I don't understand corporate valuations anymore. GLA GN
Load up
Do not forget its looking very Good for that Oxford vaccine and for the roll out in September .
One of those days where you wake up feeling smug :-)
Thought it would take a bit longer to get over 800p but the recent actions by the board have clearly restored investor confidence. 810p at time of writing. Happy days!
Actually I agree there is a real possibility of a second wave however the same people who are crowding British beaches will jump at the chance to crowd Spanish beaches. IMO The vast majority of under 40s are not going to change their lifestyles for a disease which is perceived to target the elderly and those with underlying health conditions
Unlucky mong... you are missing out on the fightback
The European director for disease control words not mine
Can't you see all tbis relaxing before the virus has gone will lead to problems months down the line I hope not but like she said
What evidence is there to say there will be second wave ?
You must be really hating this. You have been on the airline boards trying spread doom and gloom nonsense, look at the share prices now.
haha.
What an absolute chump
Really, you speak for the population or yourself ? lots are who I speak to fyi
What will you be saying when the second wave hits
https://www.thesun.co.uk/news/11679656/europes-second-coronavirus-wave-worse-strict-lockdowns-no-immunity/
Pretty much anyone aged under 40 without underlying medical conditions isn’t remotely worried about this virus. They will be on the next plane to S,S&S when available!
I can't see full planes at all tbis year maybe next if no second wave hereto say it but the next 3 weeks are crucial with the coveidiots spreading the virus 're Somerset hospital .
To soft in this country snowflakes et al
Clearly the company has taken on additional debt. What’s hard to gauge is where the SP should now sit. General direction of travel is upwards but I’m not sure now to what level.
I guess it’s all comes down to opinion, the reduced flying is only in the gradual ramp of of flights- this is a resulting fact that grounded planes can’t just take to the air, all will have to have air worthy checks etc. The statement then highlights reduced load factors, planes will be flying but will airports be able to deal with full planes? Will the receiving country accept full planes. With the Channel Islands exempt from quarantine and business ramping up demand for air freight will increase, flights will be flying before any of the scenarios play out. IMHO
Why would you run a reduced flying programs if demand was there you look at the bookings and act accordingly
Also many are not predicting flying to get back to normal for years.
Can't see it being that bad myself And as long as no second wave stuff should be normal in 2021
What I mean is demand will be low if you read the statement initially.
Management has also prudently modelled three indicative "no fly" scenarios of increasing durations being:restarting flying on 1 September 2020; restarting flying on 1 January 2021; and restarting flying on 1 April 2021. All three scenarios assume a gradual ramp up of flying operations, initially running at reduced average load factors that are significantly below historic levels.
I think running at reduced load factors significantly below historic levels means low demand in my opinion agree?
And how do you factor the huge debt to be paid back.
https://www.thesun.co.uk/news/11679656/europes-second-coronavirus-wave-worse-strict-lockdowns-no-immunity/
@dusteringmong, adding your own words to someone else’s statement doesn’t make it true! Surely your able to comprehend that! Where is the word demand used?
Demand will be significantly below historic levels what don't you get about the top man's comments
@dusteringMong where does any of those scenarios use demand as the reason? They are referring to the possibility of not being able to fly, and then flying at reduced capacity. Capacity will be reduced not through demand but through operational reasons at airports and on planes etc.
if that's all used which imho it will that's a lot to pay back from original owing not a lot.
Apart from the rather large liabilities due it's not looking that good if you ask me for much of a rise in the coming yeRs