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I don’t know whether this has already been covered but the market cap before the pandemic took hold was 15.7 billion give or take. As of last night it was 14.6 billion. Is there a case that the share price has slightly got ahead of itself bearing in mind the company has just announced a massive loss and anyone in the know knows that their flying programme won’t be back on track until at best the Autumn of this year if not spring next year.
Just a thought.
You are wrong - MCAP at close last night was £10.74bn, significantly below MCAP before Covid struck.
Oh, yes, the sp is ahead of itself. But do remember this is being traded as a dumb share, it doesn't actually matter what the business does, what sector it is in or what the real world prospects are. It is auto traded - iis have skin in the game so volume exists which can create sp movements of a short space in time. It has piles of cash so the liquidation risk is very low so pis can chance their hand throwing chunks of cash in. It is related to rolling news headlines so there will be a large pool of numpties ready to have their cash separated from themselves. There are visions of pots of gold based on ephemeral share graph to be chased.
I have warned for a good few days that this is going to turn at some point, how big the drop remains to be seen. There are many stops that will be triggered and of course, those famous city traders will take profits to cover the loss of divs for their investment funds and pension funds. Night follows day.
This will remain on the news agenda up to summer, so this will be traded to hell and back - time the waves falling on the beach correctly and you will make a considerable mark-up. Get it wrong and you will be parted with your cash quickly. I'm lucky, I got some return for dabbling in this paying for part of the bathroom refit. However, I'm now locked in else where with Jet2 and RTN but I am the sort of investor that shrugs shoulders and just sits on it for however long it takes.
A one post poster being disingenuous about IAG well I never
I was pricing in dollars. If I am wrong I would be interested to know what the market cap was on the 15th Jan 2020 compared to what it is now. If anyone has that info then I would be grateful.
So you priced MCAP last year in Sterling and MCAP last night in Dollars?! Is that really your best attempt at justifying your misleading post.
Very poor
FlightDirector, I also have the same opinion/question.
Market Cap on close 4th March 2021 $14.7bn vs closing balance at 30th Jan 2020 $15bn. (Apologies it's in USD but I could only find this information in USD)
Peak value of $19bn was reached in May 2018, which does suggest some upside but this was reached with the company operating normally (no COVID etc).
Could these graphs be wrong? maybe something to do with the share issue?
Those who question IAG future market cap or business success should stay away from this share.
Market is always right and you have to go with the flow. If you think IAG price is too high, wait on sidelines and if it drops to your target price then buy there. It is not few on this bb who can ramp the share price, it is the market who decides what is fair price for IAG and that is what we see everyday.
IAG RSI was way overbought when it hit 220, so it is simply cooling down in lower range before next leg up. I am happy with this retrace which is opportunity for others to jump in who missed.
IAG will trade between 200-240p for next couple of months and will trade above 250-320 range when actual flying starts from June onwards. dyor. I am always wrong. I have 'very heavy' holding in IAG, so my views are biased. so dyor.
Hampsteadboy, Sorry if I confused but it was all dollars . The only info out there I could find easily was in dollars but if it is somewhere else in Sterling then I’d appreciate a steer. If merely questioning the share price in a forum of discussion is seen as a type of blasphemy and misleading the flock then I wish you good luck.
We are not saying it is too high but more questioning the current value and predicted value once current problems have (hopefully) surpassed. Agree with you're point on SI.
320 sp would imply a value of c.$21.5bn, which could be achievable given less competition and more efficient cost base. I also have a very heavy holding in IAG and trying to add facts to my research to produce my exit point.
CB1990,
Those who missed the boat from 90p will always question current share price, market cap, pension commitment, union fights etc etc etc.
But market is always fair on any single day and there is no point fighting with market.
If you guys think share price is too high and think it should go down, then short it and make money!