Roundtable Discussion; The Future of Mineral Sands. Watch the video here.
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This is true indeed… currently there are over 100 flights at any one time in the sky from BA pretty much 7 days a week, this compares to about 40 in July and it was up to 100 at the end of august and then back down to 70 in September but now it’s 100 each day. Will be interesting to see the increased in traffic from the bottleneck of family wanting to visit etc around the world
https://www.irishtimes.com/business/transport-and-tourism/air-travel-could-recover-to-pre-covid-levels-by-2023-eurocontrol-1.4701659
Fasten your seat belts!!! DYOR.
RECORD NUMBER of flights today, again, according to ba.com( it's all there for everyone to see). Lots of revenue coming in. DYOR and your maths everyone!!!This is going NORTH!! DO NOT listen to the usual de-ramping by the same few!! FOMO setting in YET?? Very soon i guess or watch others make money!!!
Am I hearing you correctly that you are using cash at bank vs debt as a valuation metric?
This is revolutionary and you ought to present your theory at Harvard Business School asap. Promise they wont laugh...
BB I have no interest in iag but I will post all day long about it... fugazi you seem very rattled that you are 25% in profit... shows what foolish people these 2 are... not good for newbie investors
A prudent investment strategy? When commentators with editorial checks and/or legal clearance announce the likelihood or need for a rights issue, pile in as much as you can as quick as you can?
It is one strategy I suppose. But not one I will follow.
GLA DYOR LOL
…. Or fake
Something that is damaged or beyond repair
The Times paper in UK.
"There’s also the question over whether another rights issue will materialise eventually. Given the level of cash and debt resources on the balance sheet, IAG has said that it doesn’t have any plans at present. Nevertheless, it may think it expedient to tap the market for cash at some point."
Nicholas Cadbury, must reading:
https://www.thecaterer.com/news/whitbread-2021-debt-refinancing
https://www.investopedia.com/terms/g/green-bond.asp
DYOR
Nicholas Cadbury:
he has a much wider background and is not a short-term fixer as he has been with Whitbread since 2012...
If his payment plan includes shares which it no doubt will, then he can see the potential upside with IAG and has the experience to steer the company to achieve its maximum potential, as IAG looks secure at the moment forward planning has just had a major injection of confidence...
Career History:
Finance Director
Whitbread PLC
11/2012–PRESENT
Finance Director
Whitbread Group Pension Fund
11/2012–PRESENT
Premier Farnell PLC
11/2012–11/2012
Chief Financial Officer
Premier Farnell PLC
09/2011–11/2012
Chief Financial Officer
Dixons Retail PLC
01/2008–12/2011
Finance Director
Dsg Intl PLC
08/2008–09/2010
Dixons Group PLC
UNKNOWN–12/2008
Accountant
Pricewaterhousecoopers
FORMER
Managing Director
PC City
FORMER
Managing Director
Dixons Tax Free
FORMER
Real facts...Trouble ahead.....Gunning knows.
While it looks as if IAG has the funds to see it through reduced capacity, debt — to state the obvious — needs paying back. To its credit, the bulk of the group’s debt is not due for repayment until 2026, although €626 million does mature in November next year. A refinancing of that debt looks likely.
But heavy debts do eventually put more demands on the earnings you generate. If you’re looking to boost profits, it also inhibits your ability to discount fares to win new business. And it leaves less cash for shareholder returns. Most analysts do not see IAG paying a dividend until 2024, in any case.
There’s also the question over whether another rights issue will materialise eventually. Given the level of cash and debt resources on the balance sheet, IAG has said that it doesn’t have any plans at present. Nevertheless, it may think it expedient to tap the market for cash at some point.
Steve Gunning has risen within the rant of BA and IAG, he will have a good understanding of the company and he is obviously highly valued, he was promoted by Willie Walsh saying “I’d like to welcome Steve to his new role. His appointment serves as evidence of the strength and depth of the IAG leadership team.”
Steve Gunning:
Chief Financial Officer
International Consolidated Airlines Group SA
06/2019–PRESENT
Chief Financial Officer
British Airways PLC
04/2016–06/2019
Chief Executive Officer
IAG Cargo Limited
01/2012–12/2015
Managing Director
British Airways World Cargo
01/2007–12/2012
Finance Dir/Head:Internal Control
British Airways
01/2006–12/2007
Finance Director
British Airways World Cargo
01/2004–12/2006
British Airways
01/1998
He added [Luis Gallego]: “I’m delighted that Nicholas will be joining IAG. He is a well-respected, accomplished and experienced CFO with a fantastic track record at Whitbread, Premier Farnell and Dixons Carphone.
“In the short term, our focus remains on delivering the best end possible to 2021 and ensuring we are set up to return to profitability in 2022 and Steve continues to play a key role in enabling the group to achieve this.”
… to navigate the pandemic better than most in our sector and ensure we are well placed to take advantage of the enormous opportunities as travel continues to recover in the coming months
Luis Gallego, IAG chief executive, said: “I would like to thank Steve for the key role he has played in leading the group through the unprecedented challenges we have faced in the last 18 months and wish him well for the future.
“His efforts and achievements have enabled us to navigate the pandemic better than most in our sector and ensure we are well placed to take advantage of the enormous opportunities as travel continues to recover in the coming months.”
"IAG is someway off insolvency, it can sell assets like BA quickly, it could tap the shareholders for 500 million Monday to meet debt payment deadlines if needed, but the CEO says no 'emergency' tapping required. It can remain solvent... "
"Oh my god. Big-Blue STILL going on and on and on about how IAG won;t survive, will crash and burn, doesn't have any money, will have to dilute the shares to 2p..."
"It can remain solvent... " verses " IAG won;t survive, will crash and burn,"
You see, the manner of the response indicates which one is actually trying to manipulate and fool others. The boiler room ramp is still in full battle dress, still believing in rainbows.
While the red flag is hoisted over this share it ain't happening. It doesn't matter how far you try to twist it, how much you try and deny it or how much you try and filter it. It is there, in the real world.
The panic and terror in the people holding this share is just extraordinary. Is it worth the stress? Thank god I am NOT holding at the moment. I'd have those three independent broker comments racing around and around in my head desperate to get some word that they had changed their positions. Something, anything. And what if there are not alternatives to financing by issuing more shares? Would there be just a bang dilution? The stress, the worry.
Hell if I was holding a share with that hanging over me I'd dump it, turn off the computer and enjoy a nice glass of whisky free of the burden asking myself how the hell did I ever let myself get so wound up in such a desperate position.
Trouble ahead.....Gunning knows.
While it looks as if IAG has the funds to see it through reduced capacity, debt — to state the obvious — needs paying back. To its credit, the bulk of the group’s debt is not due for repayment until 2026, although €626 million does mature in November next year. A refinancing of that debt looks likely.
But heavy debts do eventually put more demands on the earnings you generate. If you’re looking to boost profits, it also inhibits your ability to discount fares to win new business. And it leaves less cash for shareholder returns. Most analysts do not see IAG paying a dividend until 2024, in any case.
There’s also the question over whether another rights issue will materialise eventually. Given the level of cash and debt resources on the balance sheet, IAG has said that it doesn’t have any plans at present. Nevertheless, it may think it expedient to tap the market for cash at some point.
Actually, just decided to filter big-blue instead, it's easier than reading his wonderful insights.
It's funny how half my screen just turned to green filtered chats........
Just shows you how much wonderful information he shares all the time.
Oh my god. Big-Blue STILL going on and on and on about how IAG won;t survive, will crash and burn, doesn't have any money, will have to dilute the shares to 2p...
Big-Blue, WAKE UP.......SMELL THE ROSES........
Your choice, get back in now whilst IAG is still cheap compared to what it will be worth by the end of November, or don't, but stop trying to state stupidity to try to frighten people in selling.
You have no idea what a BALANCED VIEW IS.........
I appreciate you get paid by the amount of posts you do, and the amount of negative posts to make the PI's sell, but you aren't earning your money very well, or effectively.
Get off the board that you don't won stock in, as you have stated 101 times, and go visit the Shiba Inu board instead.
IAG is someway off insolvency, it can sell assets like BA quickly, it could tap the shareholders for 500 million Monday to meet debt payment deadlines if needed, but the CEO says no 'emergency' tapping required. It can remain solvent but what is left in terms of sp will be meaningless and I suspect a huge loss to the pis looking in here.
“Debt outweighs cash in bank.” - So? That’s typically how companies operate.
“It would appear iag is technically insolvent…”
No it’s not. Net assets are positive.
“…and requires a heavily dilutive rights issue. “
The CEO says they are not considering it but of course it’s still possible. Not definitely required though.
When I am not invested in a share, the sp is of no relevance or interest. Changes will not impact my bank balance at all. If I were to regret not investing in this or that sp which then shoots up I would be a shaking wreck by the end of week one. There are often half a dozen shares at any one time making great gains. Should I lament not being invested in each one? There are also as many shares tanking or even worse too. Should I celebrate with relief I wasn't in them?
My strategy is take in the 360. Understand the sector. Understand the market forces. Get an angle on how the iis and the city judge the sector and a particular business. Try and figure out what variables have the greatest impact on the automatic and manual trading strategies. Get it all in focus. If a cyclical pattern is found, move in and out riding the wave. If it looks like the market has tey to factor in a 360 variable, make move. I don't wait for a low, just as long as I can see a differential, then make a pop. Since spring, the differential here has been the reopening of air travel. It has been a catalog of sabotage, delay, interference and just plain bizarre delay. The crescendo, the big reveal of when to open up the US, amounted to barley a puff of smoke. The red flags kept me out. With the red flags removed and this 250000000000 promised by the ramp fest I may still see a margin ahead of results and shimmey in and out. Who knows, who cares? It is just a game.
Fugazi has rattled me I’m out 25% up
What 200 posts a day and it has no interest to you?
I always find it interesting when people post how I am supposed to have missed out. But not on a list of big gainers of the day, only specifically this share for some reason. Frankley I watch a range of shares from time to time as if I was watching a football match. I don't really like football, I don't follow any team. But occasionally I might watch a match or part of a match to fill in some dead time. I don't care who wins or loses, just as long as they don't spend endless hours passing the ball back and forth at the back. If one team wins, did I lose out because I wasn't a dedicated supporter or because I didn't put a tenner on them to win? No, of course not. I watch the rise and fall of IAG's share price amongst others. I had a potential strategy which I pulled because of red flags, too much risk for me. Whether it ends up as 10p or £10 by year ends is quite frankely of no interest to me at all. I have not moved any money into it. The change in sp is therefore completely irrelevant having zero impact on me. The only time it is relevant is if I put money in and then the sp is diluted 33%. Then it becomes an issue!