Roundtable Discussion; The Future of Mineral Sands. Watch the video here.
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BB had no fore warning that Easy j was going to drop a RI. As well informed and educated as he is, BB never mastered theart of drawing crayon lines on graphs whilst luckin' the air to predict the future. BB must have missed the 3 brokers advising the expectation of Easy's RI. Whatever.
Gold rising SunnyD, you been having a punt?
BB was happy to be in EZJ knowing he would be diluted!!! Not seen his posts , thank god for that!! £2.00 is coming. Dyor.
How's FRR?
I told ya back then it would end in tears, as did loglorry and 2 others.
Amazon debt $33.7bn as of March 2021. Don’t pretend to know what you’re talking about !
Qataries... Whole heap of financial options. It depends if they are looking at dividend returns or selling stake returns. Difficult to now the motives. they have enough money to take haircut without worry. Money at that level is confetti, it is saving face the most important. An exit that makes them look good or wise would be more important. I don't think they would exit. Prestige pf having stake in BA. I think they would do a loss making deal but end up full ownership of BA and then make a note of it in the Royal Box at Ascot!!!!
Biggest shareholders are the Qatari’s who own 29.9% - you expecting them to take a bath?
Huge Debt and huge pension liability.
Shareholders will pay the brunt, as always.
To all interested, get in or lose out..november is going to be a busy month for airlines flying across the pond!!! December even more!! Cant wait to go to Vegas!!! Been a long time now. Dyor.
There are no 'scare' or 'tactics'. There was a point blank refusal to acknowledge the plain words from the brokers.
It never got further whether a RI would be good or bad or what the other options were. Every denial had to be responded too.
I suspect some of them denying the words may be all in and obviously terrified of further dilution. This panic and filtering being a form of displacement behaviour.
@Imarcham - "Not sure why you two are pushing the same RI message so heavily"
Simply part of their repetitive and relentless scare tactics as most investors don't like them even though as you say they are usually not as scary as they seem - and indeed if the funds are used well they can end up being a good thing.
One point though is that regardless of whether you partake in the rights or sell them your shares are diluted - at least initially - as dilution just means the earnings are spread over more shares in total. By partaking in the rights you maintain the % you own of the company but you've had to pay more in order to do that.
I think an RI is unlikely though possible, but personally I'm ambivalent about it as, like you, I think a stronger balance sheet should put them in a better position to take advantage of the recovery so that ultimately the Earnings Per Share may end up being higher. But who knows.
That, Imarch, is a sensible reply. But the response since the broker notes on any reasonable discourse has been fanatical to point of real hysterics. The deniers refuse to acknowledge the possible options and instead post false denials actively trying to dupe people to buy as if there was no risk. It has been extraordinary with half a dozen on them amalgamating in to one fibrous mass of denial filtering any voice not on their,narrative. It has been hilarious at times.
From around Apr '21 to Oct '21 the FTSE has been in 400 point range (6800-7200). Expect more gains tomorrow , we have broken out to the UPSIDE. Expect more gains now..DYOR.
Dilution.
Do you like your cordial strong or weak?
might finish up 4%...adding anger for those few that are out but want in cheaper!!!NOT happening mateys!!will have a nice glass of my favourite white wine, craggy range...they have it in First Class on BA sometimes!!!£1.90 next, then £2.00.
P.S. By the way, no point in replying to me coz YOU ARE IN THE BIN!!
Not sure why you two are pushing the same RI message so heavily. Yes, there is certainly a chance but so what. I for one am not concerned even if there is - all though I would obviously want a chance to be involved so my shares are not diluted. But lets face it, any RI will be used to help get airplanes back in the air to support the inevitable increase in passenger numbers. IAG is very unlikely to go bust and so eventually this will all be moot. And those invested, if they hold, will benefit, irrespective of what you two say!
Cash burn is horrendous.
IAG will push out a fundraising RNS outwith market hours in due course. It must be getting closer.
Not being merged with LEVEL then, I thought the idea was it would be part of the low cost LEVEL. However, most of LEVEL has been allowed to go to the wall this year. There is not much of LEVEL left, some long haul from Paris and Madrid. If there is no paint job then I'll stop putting my tender together and get a refund on the rollers from Wicks.
Medium term forecast for IAG is almost impossible. Environmental restrictions on travel, industry consolidation post covid, mismanagement of recovery [we can see that all around us at the moment, who would have thought so many people would simply not return to their jobs taking early retirement]. In fact long term on practically any stock is very difficult. Especially factoring in the rise and rise of China. Maybe a future strategy would be to shadow Chinese sovereign fund investments. At least you know there will be plenty of money available.
Medium term performance
500 Million Euros was a good deal for Air Europa. Im sure IAG can afford to paint a few aircraft to get them back in the air. But, yes servicing the debt is what its all about. We have a difference of opinion on the future mdium perofmance of this share that is sure!
'How much to repaint air Europe's aircraft?'
Nothing, Air Europe ceased all operations in 1991.
As for Air Europa, IAG is buying the airline and it will retain its current livery as it is not being absorbed into BA, Iberia or Aer Lingus. So again, nothing.
Of note, only it's 'Sky Team' logo will be removed as it will transition into One World.
If in future it is merged with Vueling, then a new livery may be applied.
Yes it is a pre-pay service, however bear in mind there have been a lot of pre-paid to date which have been deferred repeatedly. How many of those transatlantic flights will be pre-paid from 2 months ago, 4 months ago, 8 months ago???? Any cash now for Q1&2 2022 might help the winter lull but the money to actual provide those flights will still be needed. And on top the debt has to be serviced, it just simply can not be put to one side and dealt with latter under Benji boy economics.
The cash flow might hold up but the servicing of debt and pensions and leases and property portfolio and licenses and refunds and and and ..... Don forget, this isn't just British Airways, there are also dead weights around the neck within IAG as well as trying to fund expansion plans. How much to repaint air Europe's aircraft? I think the city would be happier if IAG let Air Europe go and concentrated on keeping what it has now afloat.
Its a pay in advance business, so that is exactly what is happening. And this will only increase after a US opening date is announced. You have to concede this at least. Is it enough to avoid a RI - only time will tell.
Cash, if only. You'll need a lot of passengers paying very high prices for a long time!
Could sell off an asset or two. But with most analyst expecting mergers and airlines folding, nor much cash there. IAG already cut in half what they were going to pay for air Europe and that was well before it was known summer travel was lost.
Cash from passenger bookings!?