George Frangeskides, Chairman at ALBA, explains why the Pilbara Lithium option ‘was too good to miss’. Watch the video here.
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Never do business on the other side of the planet. Twiddling thumbs waiting for China to get to the office................... boring.....................late night TV is so crap........................... run out of biscuits.........................bored. answer the fuc/ing email, wake up.....................lazy little, nice tea though.
hey, I'm gonna stick up for air lickin Bemgi. At least he had the balls to make a chartist prediction for end of Sep sp. When they drop in a few years, he can pop over to Pattaya and lose it. Itchy crabs but worth it Bengi ;)
Correction: Longterm, sorry Livestock!!!!
So which is it? Dead cat bounce OR the turning of the
tide? I’m really not sure. Rights issue or not of course is the big variable here.
So if 1 billion cash burn per quarter on last results. Then allow for the POSITIVE of increasing from
22% of pre-pandemic levels to(hopefully) 45% of those pre-pandemic levels vs the NEGATIVE of end of furlough = a slight increase in our loss, say 1.25 billion loss/quarter - WILD GUESS!) So we have 1.5 years of liquidity before we’re fooked? RI is in the balance, could go either way in my opinion.
Not ideal for my blood pressure!!
If rights issue is coming what’s the best way to play this. Sell now or hold and use the rights? So many variables here!!
Jtan, please do not hurt my feeling, you are so mean.. boohoo..!!
IAGLongterm
Ryanair update lifts airline shares
A positive update from Ryanair Holdings PLC (LSE:RYA) has given a lift to the whole airline sector, which has been under cosh again in recent days on worries about the prospects for international travel.
Ryanair said it planned to fly an extra 25mln passengers by 2026 - up from its previous target of 200mln - as the industry tries to rebound from the pandemic.
UBS analysts said: "The company now plans to increase passengers by 50% from March 2020 levels of 149mln passenger (to 225mn) by March 2026.
"Previous guidance was around 200mln passengers and we currently forecast 203mln passengers.
"Should the profitability per passenger be maintained then we expect upward pressure to forecasts. Indeed a c11% upgrade to passenger numbers versus our passenger forecasts for 2026 at similar levels of profitability would all else being equal also increase our net income from around €2.3bn to around €2.5bn. There is the potential for improved profitability per passenger given the gearing."
The news has pushed Ryanair's shares up 7.55% to €16.52, while British Airways owner International Consolidated Airlines PLC has climbed by 3.27% and EasyJet PLC has improved by 6.36%. Wizz Air Holdings (AIM:WIZZ) PLC has also benefited, adding 4.62%.
Livestock, airlines outside of the UK did not follow suit, Norwegian, Lufthansa, KLM etc. Its probably coupled with Ryanair but the big change is opening up the UK to foreign travel. News was there alright but Hedge Funds chose to sell short and bought back in on the dip. Cant deny that opening up travel is not having an impact, its a fundemental.
Today's rise has nothing to do with UK restrictions easing markets have priced this in already is not new news
Has nothing to do with Ryanair, it’s the UK restrictions easing that is driving the SP IMO.
US opening for the vaccinated might come sooner than expected based on the UK and Europe being in the driving seat. Sleep Joe will wake up!
A positive update from Ryanair has given a lift to the whole airline sector, which has been under cosh again in recent days on worries about the prospects for international travel
Loved this, hilarious
Commenting on the new AUKUS pact, one astute commenter posted
"Just as well France is involved otherwise it will be called the FUKUS"
Now THAT is funny, lol.
Blimey! Easy J rocketing up 7%. The leaks must contain some very good news. Can't wait to hear the news. Interesting that the firm announcement date of the 1st October has been brought forward two weeks. I wonder if the EU has had to swallow some pride and admit it can't last long without some hard currency from the UK to prop up it's Mickey Mouse currency.
LLoyds, the government hasn't yet announced anything!!!!!! 1st rule of the markets is do not make an assumption. What tends to end up in the policy very often is not quite what you were expecting. The critical thing is whether the lockdown lobby will again move to find some form of sabotage of any opening up of travel. And there is a lot in the detail to look out for. For example, removing the pre travel outbound test is meaningless as most countries require a negative covid test before arrival. I confirmed that if flying out on a short shopping [errr business] trip, and returned within 72 hrs, could the outbound lateral flow test be used for the fit to fly inbound and it was confirmed. If the outbound test is removed, I will still need the test for the inbound, I will still need the outbound to enter Italy. So at the end of the day the lockdown lobby may have preserved a non change policy. Now in the case of Greece, you just need to show your vaccination. But what is the probability that the lockdown lobby will conjure something up for people flying to Greece?? On past performance, pretty high.
UNLESS - unless the lockdown lobby has been stopped. Greece will be a good test. Will the UK still require a fit to fly from every country? If a country has very low infection and high vaccination, would a fit to fly form that country be required? We'll see. And then, the 2 day test, switching to a cheaper lateral flow rather than PCR. That's the proposal, but will the lockdown lobby find a way to force 2 lateral flow tests. The lockdown lobby has significantly sabotaged travel so far, I want to see hard evidence they are in a box with the lid firmly nailed down.
I think the best place to assess how free we are will be Greece as it will be a very high volume route for the half-term and only requires vaccination proof for entry. So no outward test. How many of the return leg?? That will be the question.
Casual, a dead cat bounce??no, the cat is still alive!!
So the government announces a major change to travel hassle and you just ignore and say its not positive for IAG?
What sense are you making? Do you understand that the share price will eventually react to fundamentals and this is pretty damn fundamental
causal, i fink it's the delay in announcing changes to travel list till tomorrow, maybe!! next week we will be a lot higher!!it's all coming together soon...patience is required!! dyor.
looks like a dead cat bounce today. see it dropping more, shorters are out.
Well, Easy J is 6% up! Everything is up. I was expecting a continuation of yesterday's decline as the RI issue continues to hang in the air. I would make a guess and say the reshuffle has gone down better than I expected, there are still a few travel blockers in the cabinet, PP and Gove for example. But it seems the market likes the reshuffle.
There may also be something else on the wire which is leaking through the RNS news sieve feed, especially where Easy J is concerned. But the US hasn't opened yet, but fingers crossed I finally got something wrong! First time for everything I suppose, lol.