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IV got RR as well as IAG - im happy holding both :) sure they will both be 3pound + by next summer - be patient
Well looks like RR has broken/popped into the 200 figure.
Oh, how it would be nice to see IAG break into new highs territory.
How, long will it take I wonder?
Gla
And IAG cannot even break into a slow waddle, let alone a brisk walk up. Should have transferred everything to RR a few weeks back. Oh well, it's only money.
Still under the 1% for the day, we may crack it though, or go back negative. As any good news does not apply to IAG.
IAG up1-2% today. We could see more upside after 1.30pm, jobs report in focus. DYOR.
European shares are set to break their losing streak as futures point to gains at the open.
Travel & Leisure up 1.09% this morning.
For 2024, Deutsche Bank has raised its profit forecast by 12% to €2.3 billion from €2.05 billion.
The target price rises to 200p from 165p but the rating remains ‘hold’.
Not sure if it was a good idea or not but just sold in a few chunks to average down. Looks like the results rise is done and now moving with Ftse100. Will wait for 220 now before selling the rest at average of 111
Hello everyone,
My first post on this board.
I've had my shares a few months now and like everyone else expected them to 'fly'!
I note this morning Deutsche Bank have corrected their 'mistake' and raised the target price to 200p 'hold'.
Very well put.
IAG debt seems over blown to me, feels like lazy reporting when i read some articles that mention debt as a drag on the sp.
right now net debt is the same as it was in dec 2019, as it NB to EBITDA, this year it will fall below 2019. now look at interest income, its rising faster than the debt interest, will probably earn over 400mil 2024 with no dividends or pension contributions to make. 2.5billion of debt has average coupon rate of 2.5% (be mad to repay that) , only 1/4 of debt is floating rate, so just reduce over long term and in the meantime build cash & CE and net interest income
I got in IAG for the results built up. Got rewarded for it. Will come back again later on.
I think the results were pretty neutral. Net debt down to 7.3bil but they only paid off 361mil this year so still hefty interest to pay still. the rest was down to increase in cash/equivs which is to be expected when you return to profitability and take a lot of your bookings well in advance.
Still unknowns about how the forward bookings will hold up and economic uncertainties holding us back, same as before the results.
No real value in the posts here, just speculation and conspiracy theories....
I am not sure why this fall is such a surprise. Guessing people do not keep track of the information that's out there. Lufthansa Results:
Lufthansa fall around 3% in morning trade after posting adjusted free cash flow below-expectations, which overshadows a "small" Q2 EBIT beat
A lot of chat here on the seemingly irrational swings in the SP. If ever there was a stock that summed up Benjamin Graham's famous saying "In the short run the market is a voting machine, in the long run a weighing machine" IAG is it. In the short run any good micro economic story for the stock gets outweighed by macro factors (oil, global growth outlook) which IAG, with its high operational and financial gearing is exposed to. Still, not enough to put me off, have just purchased at 163p. Like many I am overpaying mortgage debt in the current climate, but I don't want to lose out if the macro doomsters are wrong (they are out in force today with S and P futures negative). IAG is a good hedge on that, will get buffeted by market sentiment in the short run but in the medium turn the well executed turnaround from management should start to show through.
You will own nothing, have nothing, be poor and be happy. So say the super rich.
This sp is lower than it was 6 months ago coming out of winter. Lower than the peak of covid lockdowns.
So sick and tired of this, keep saying that it has to go up and yet.... it does NOT.
Investors profit taking due to the below, nothing to do with shorters or manipulation..... the SP is highly sensitive.
https://www.reuters.com/business/aerospace-defense/sluggish-return-business-travelers-forces-us-airlines-rejig-their-networks-2023-08-03/
If this stays above 160 then it’s an improvement on our previous lows, however I totally agree it’s being manipulated and it should be a lot higher than where it is. Have the faith, I know it’s hard to see now but I personally have high hopes for IAG.
This stock just makes me so angry. It should be at least 1.80 and that’s worst case. Manipulated?
Dropped over 10p in 2 days. basically back to where we were before results, absolutely crazy.
This share movement is just bonkers.
Is it now being manipulated for shorters to exit with little or no loss!!!
We can all pray that the figures suggested in Q3 are fab, and it enables them to lower debt even further.
Until then, let's twiddle our fingers!
Gla
@EmeraldCarrots what makes it even more ridiculous May 2020 in lockdown i bought at £1.86 ! even higher a few weeks before .
EC keep the faith..... Q4....
I do. The sp is quite ridiculous........ it hit £1.74 in January this year FFS and things are so much better now. Mad.