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‘We won’t tap City for emergency funds,’ says BA owner Luis Gallego
Jim Armitage
Saturday September 18 2021, 6.00pm, The Sunday Times
That is a month ago to the day.
You are therefore knowingly continuing to post mis information in the ongoing attempt to fool people into believing something that is simply not true! It is not going to be allowed.
uncool benjit, rubbish, you are a liability, to these boards and yourself.
How will IAG address the massive debt and pension liability without any detriment to sharholders?
The CEO was replying after 3 brokers made the unusual statement publicly that IAG needed a rights issue. It took IAG a week to respond causing intense city speculation and the sp to crash.
Credit Suisse
https://www.proactiveinvestors.co.uk/companies/news/960029/british-airways-owner-iag-target-price-cut-to-reflect-increasing-rights-issue-risk-says-credit-suisse-960029.html
HSBC
"Lobbenberg [head of European transport equity research at HSBC] added that the timing of any potential capital raise by IAG could be linked to an announcement on reopening the US border, which is now expected in December"
https://www.thisismoney.co.uk/money/markets/article-9980907/BA-owner-soon-raise-cash-shareholders.html
Goodbody
"Earlier this month, easyJet tapped investors for GBP1.2 billion in a fully underwritten rights issue ... Analysts at Goodbody and HSBC said they believed the British Airways parent would follow."
https://www.morningstar.co.uk/uk/news/AN_1632125541714351000/press-iag-will-not-tap-investors-for-recovery-funds---sunday-times.aspx
yes l saw your post quoting The Times way back from 26th August and since then Luis Gallego commented:
“We do not see the necessity to do a rights issue and are not considering it.”
there you go, just proved it..
after doing some research, I can confirm that a month to the day, the CEO said, "‘We won’t tap City for emergency funds,’ says BA owner Luis Gallego" in a Times article;
https://www.thetimes.co.uk/article/we-wont-tap-city-for-emergency-funds-says-ba-owner-luis-gallego-mnz6szjtm
IAG didn't need 'EMERGENCY' funds on the 18th September. But the CEO did say;
"We have revolving credit facilities, we are analysing other ways of financing the group so we have alternatives before we [consider] another rights issue,"
There has been no further update since then so we do not know if 'alternatives' have been found and therefore a rights issue has been avoided.
". l think you will find RI has been confirmed that it will not be needed."
Really, prove it.
According to the CEO, it's a consideration and he's not changed stance.
... l think you will find RI has been confirmed that it will not be needed..
do some research..!
#buyingopportunity
... l think you will find RI has been confirmed that it will not be needed..
do some research..!
that reminds me to Jtan back on the filter list, out of the apostles he has got the least amount to say... keep up the good work..
regressing into the absolute codswallop of chartist mumbo jumbo to try and make it sound all part of the master plan. The Raffles share pot will be one of many being cleared out today. Whether sector wide or not, the big boost PROMISED and GUARANTEED by the ramping fraternity has failed to materialise. It was well and truly trailed and predicted by me as the switcheroo diminished, faded and then petered out. The big news became a non event. And whatever the bots are doing with the auto trades, the city takes a dim view of a whole weeks' delay in responding to a triple broker RI prediction.
For those who do not get involved the filtering and nasty posting, progress here to take advantage of any sp differential needs the dilution red flag removed. Note I don't specifically say RI, dilution can come in many different forms. With that the basis of the financing going forward for at least Q1 and 2 will be revealed. There may be a 5%+ smash and grab day trade spike opportunity on that, but the rest is medium term. For me, long term I am expecting significant limitations to be imposed of freedom to travel in years to come where only state supported airlines and one or two package holiday airlines will exist. So far everything environmental is just steam rollering everything in its path and I do not hear any effective defence of the airline sector.
okay gappy, keep your wig on...
"price maintaining over the weekly 20 MA "
No it's not, it's blatantly below it, and the 200ma.
This is Bearish, koqenbenji, you haven't a clue. Play prize bingo.
LTH...
Reversal weekly bar last week, price maintaining over the weekly 20 MA with an 8EMA crossover confirming indeed momentum is to the upside..
Price above monthly 20MA , with an 8 EMA crossover, price needs to be above 8EMA here but we are in the conflux...
i think you are right IAGlongter, "predictable and boring", l think price confirms there is no substance to this...
"Fugazi1 unfiltered to see what you had to say but its the same rubbish, same for the last 3 months and while you have nothing in the stock I am in the green on my investment. Your commentary is predictable and boring.... back on filter...."
The truth hurts, I understand no one likes their holding diluted. According to Brokers, it's likely to be a dilutive RI.
There really isn't any other way. Likely to be announced just after full USA opening.
Not only that, BA with it huge debts, it not a competitor for other streamline profitable airlines.
Fugazi1 unfiltered to see what you had to say but its the same rubbish, same for the last 3 months and while you have nothing in the stock I am in the green on my investment. Your commentary is predictable and boring.... back on filter....
yes, good luck Raffles ATB
"A lot of positive momentum over the next few weeks "
Is refinancing positive? Until we see the meat on the bones, it's far from positive.
Raffles70, best of luck. A lot of positive momentum over the next few weeks IMO but as with every stock timing and patience is key.
I have dumped.. and took a loss.. I have gone into lloyds bank, I think inflation, interest rates, covid spike, China tensions could play troublesome in the future..
Good luck all.