Roundtable Discussion; The Future of Mineral Sands. Watch the video here.
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"once this eventually gets to 200p"
..but on the other hand l cannot see this share remaining under 200p..!
Again, more talk of all the energy companies going bust. Still not one word on how the climate change levy is a major problem on the bills. Even when a critical variable is knowingly swept under the carpet trying not to bring attention to it, the exact opposite happens. Next will be aviation fuel tax over pricing tickets which will sink a lot of carriers. It covid testing costs were enough to put off millions of journeys, a similar effect should happen with passenger surcharges. Given the completely closed one sided mass media, what chance do you think any reasonable debate will take place. On climate change we are in a zone of utter analytical hysterics. All reason has been lost. We are one step away from a grand declaration to cut all air travel to essential trips only. And if it was imposed, there is nobody in power of the mindset to resist it. Too many world leaders are brought into the lie now.
once this eventually gets to 200p im out no value on this airline company no more so much money burn will take another 5 years to recover to 250-300 p range and no divi common get to 200 then i can go
it seemed a bit of a clue that there were other plans, saying on one hand "‘‘We won’t tap City for emergency funds,’" and bringing on board NC..
Hexam, I don't remember you on this board a few weeks ago. There was a torrent of posts insisting there was no prospect of an RI and all manner of superficial reasons were being given, amongst them highly selective paraphrased ceo quotes. I seemed to find myself drawn in to contending each one - ence the anger and hatred of me for keeping a degree of real world reality against an extremely intensive hysterical rap fest tat lasted for many weeks.
...is the plan to raise capital issuing Green Bonds which Nicholas Cadbury has experience in and has been brought into the company for..?
i am just guessing, but the increase in revenue will correct a lot of issues and it is a matter of tidying up the balance sheet, maybe with a green edge..!
Agree Wobbles - RIs, though not particularly welcome, are not the demons they are often made out to be. If there is one then it's not the end of the world and I would rather have IAG well funded and better able to take advantage of the recovery than the alternative of trying to just make do on what they have. I think they will be able to take advantage of the recovery though without a RI but that depends on just how quickly the finances pick up and we are probably at least a few months from knowing much more about that.
It is very simple: People who fear of right issue, don’t buy or even can short and people who have bought , sit tight and people who are thinking to buy wait for the results next week and then decided.
*to
But a right issue isn’t all doom and gloom.
How are Tesla doing now?
https://www.cnbc.com/amp/2020/12/08/tesla-to-raise-up-to-5-billion-in-share-offering.html
Happy too but can't remember anyone saying outright that their definitely won't be one in the future. Plenty have quoted the CEO as saying he is not considering one at the moment which is perfectly true.
"None of the brokers are "declaring a company needs to do a RI in order to survive" when referring to IAG."
Thanks for pointing out my exuberant interpretation summarising the 4 notes. How about some of the same for the dilution deniers to ensure a fair balanced view? mmmmm this is why it is necessary to answer each denial or misdirection.
Photo of flight yesterday to show I’m not ramping, you can tap to preview:
https://we.tl/t-tMjv8hm1Xx
I tried to buy flights from Heathrow > Amsterdam on BA and it was pretty much sold out. So I flew with KLM (yesterday) as they had more availability and the plane was full.
Willl be interesting especially as USA opening sooner than forecast.
None of the brokers are "declaring a company needs to do a RI in order to survive" when referring to IAG. Indeed the view from the latest (and most relevant as it is after the announcement of US opening) is:
'Berenberg said IAG's shares have benefited from positive sentiment over the past month as governments continue to ease restrictions and near-term equity dilution risk dissipates. Despite this, booking data is yet to confirm a strong recovery in the all-important corporate segment, while we think equity may still need to be raised next year.'
So they are worried (not surprisingly) about the ongoing debt position, not any short term cash issue, and are clear that a RI 'may be required' some time next year which is somewhat different to declaring it is needed for survival now.
Whether they will need to do a RI or not depends on how quickly than can reduce losses and return to profit and Berenberg have rightly highlighted the corporate sector as key to this. Time will tell of course and the Q3 results plus any update on booking trends will be helpful in assessing whether the risk of a future RI is increasing or receding.
Wobbles, this one is good too, a lot of information here, look under the Price Target tab:
https://research-centre.barclays.co.uk/shares/international-consolidated-airlines-group-sa-cdi/broker-views/
"The group said it was considering another rights issue"
Not quite the reaction you claim for the sp for Air France/KLM. There is an up tick on better than expected results. A RI is latter. On that RNS it is a perfect smash and grab opportunity on the spike and then out ahead of any dilution. When there might be dilution is the critical issue.
This may be a very important one to follow. IAG may just do something similar. Release some better than expected results on one day, sp spikes, next day/week a RI. I am not going to gamble on the two being on separate days as with Air France/KLM. I won't miss out on anything as I won't be holding and it is just far too risky for me to take such a gamble. I think the debt pile for IAG is much more serious and will require direct action sooner rather than latter.
Wobbles, l found this the other day...
there is a new broker report added yesterday:
28-Oct-21 Liberum Capital Buy 162.10p 215.00p 215.00p Reiteration
https://www.sharecast.com/equity/International_Consolidated_Airlines_Group_SA_CDI/broker-views
There probably will be a rights issue. But it isn’t the end of the world. Tesla went up after. KLM announced today same and up 4-5%. Share price will still go up because turnover is going be rising sharply and all travel restrictions disappear soon. KLM:
PARIS, Oct 29 (Reuters) – Air France-KLM returned to core profits in the late summer, beating the Franco-Dutch airline group's own expectations as passenger numbers almost doubled thanks to easing coronavirus travel curbs.
Its earnings before interest, taxes, depreciation, and amortization (EBITDA) reached 796 million euros ($930.13 million) in July to September, it said on Friday, up from a loss of 442 million euros in the same period of 2020.
The number of passengers booking flights over the three months close to doubled year-on-year to 16.9 million.
"We had guided for a positive EBITDA, but 800 million euros exceeded our expectations," finance chief Steven Zaat told journalists in a call.
Air France-KLM predicted that its EBITDA would land positive for the final quarter and "slightly" positive over the whole of 2021.
The group said it had seen a rapid pickup in bookings for
November and the Christmas holidays, after the United States announced in September it would reopen its borders to fully vaccinated Europeans. ...
Autumn reopenings in Canada and Singapore further paved the way for recovery, said Zaat, though long-haul business remained hampered by restrictions in Australia, China and Japan.
The group also whittled down its net debt to 8.1 billion euros by the end of September, down 2.9 billion euros from the end of 2020.
Air France-KLM last year received a total of 10.4 billion euros in loans backed by France and the Netherlands, and has for months been discussing a recapitalisation plan to lighten the resulting debt load.
It said it had agreed to pay back 500 million euros of a state-backed loan within the coming weeks, and the remaining 3.5 billion euros in three instalments between 2023 and 2025.
The group said it was considering another rights issue under good market conditions, after a capital hike earlier in the year saw the French government more than double its stake to just under 30%
I generally ignore the sp forecasts as they are quite different, same with their buy/hold recommendations. The narratives are far more interesting but can be varied too.
When three at once say the same thing which has significant implications - and then a fourth also makes same reference a month latter, I take note.
Professional people….
Does anyone have a full list of broker recommendations (buy / hold / sell) and their target price? Would be interesting to see what 20+ brokers say.
You're now very desperate Taky. Inventing a pretty draconian caricature to try and dupe people into ignoring what was said by professional people. Out of date? How? What is the expiry limit on the statements form brokers?
There is no expiry date. Whilst not every comment will be directly amended, significant comments such as declaring a company needs to do a RI in order to survive are not left hanging in the air with no updates latter on. It is disingenuous to suggest otherwise.
As far as the rest of the garbage you posted, people will see that for what it is.
Hexam - you're right of course. The other point worth noting is that those that quote out of date broker notes seem to:(a) have a fundamental lack of understanding that broker notes are a 'snapshot in time', (b) fail to understand that brokers simply don't have the profit motive to issue a new note on every piece of news (c) quite possibly understand these two things but are simply acting unethically to deliberately mislead others in the hope to somehow get a few more quid. The latter reasoning is perhaps the worst of all, and smacks of a desperate third world english speaker calling from a call centre somewhere far away to cheat a pensioner out of savings. We're all reasonably well off on this board (why would we have spare money to 'invest' if we weren't) so don't need to do that. It really is the lowest of low behaviour if that is what they're up to, and well, pretty sad that they're like that. Not sure how they can live with themselves.
Would have thought having the opening date for the US does equate to having cash in the bank if the tickets are selling out anywhere near as fast as Teddy100's post from earlier suggests. Such advanced ticket sales won't help the bottom line until the planes actually fly but they should have an immediate impact on the cash position.
"Those calling out 'red flag' are generally focussed on a couple of notes produced by brokers in august -early September. There's been a lot happening since then"
The notes are from early September, and then a month later, mid October. Whilst events have happened, there has been no revision of the broker narratives, and the one from just a couple of weeks ago implies there is no change in the broker positions. They don't see the events since their notes equating to a change in the finances. Just having the opening date for the US doesn't equate to cash in the bank.