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Just a question, if anyone is in the know on this, most airport delays have been caused by the airport operators, not the airlines, Jet2 CEO has complained publicly about this not to mention the chaos at LHR, demanding airlines cut back services - would there be a case for Wizz recouping all the legal and compensation claims from the airport operators who failed to deliver?
As for the customer service, Wizz operate at the same level as Ryanair, customer service is irrelevant when you are the cheapest flight available, anyone who doesn't like their service would have flown a flag carrier or someone else instead, memories are short, I'm not too worried about consumer perception of the brand, remember Ryanair in 2017???
But he is not closing the borders
Useless face coverings are coming back too
Clearly this is being held down by the hysterical fear of more lockdowns, especially given whats just happened in Austria. Xmas is coming and the revenue is critical, if they can trade, no problem, if we are hit with more useless restrictions …
Markets hate uncertainty, and there is loads of that about atm, this is a great long term hold
GLA
Problem here is they broke the only absolutly non breakable rule in finance, trust, if the management cant be trusted nothing else matters.
Got a £9k holding myself about £1k down, not sure what to do, if this is isolated then fair enough, those accountable should face criminal sanctions, move on, it will recover, if anything else is found though.....
Hoping this doesnt go the way of CAKE
Less than 1% drop, im impressed, was expecting 10% down minimum.
The only thing that will cause this to crater now would be either a new more deadly different viral outbreak, these vaccines to all be duds or some other crazy incident (plane crash, accounting scandal etc).
GLA I think this is the bottom ??
Same opinion here
Have a look at JET2, if that craters below £6 tomorrow im piling in, got loads already average £4 is one of my strongest investments. EZY has a loose cannon major shareholder which unnerves me about that, though I do have a small holding there.
IAGs RI has made my (loss making) IAG take up a bigger portion of my portfolio than I would like otherwise would be piling in here too.
This is big...
https://www.edinburghlive.co.uk/news/edinburgh-news/leaked-emails-reveal-nhs-lothian-19201701
Hold in there
GLA
Thing is Spain & Ireland already back into lockdown, IAG based in Spain, two Spanish & one Irish airline.
France in lockdown last week too no real movement.
Ryanair share price hardly moved much either despite exposure to Irish, Spanish, French lockdowns.
Boris parting words was a vaccine was imminent.
Maybe this is priced in already and drop might not be too bad, does anyone on this board think IAG will cease to exsist??? Even IAG hadnt predicted much business in November, are there any surprises here???
GLA
Apologies, misread, was on this article the suggestion of another RI
https://www.thisismoney.co.uk/money/markets/article-8899001/Coronavirus-curbs-force-BA-owner-IAG-raise-cash.html
Anyone any thoughts what this lockdown might do to the SP come Monday???
Already priced in or are we heading for another March style crash
Note IAG CEO statements about another RI if this drags on for months!!!
Thoughts???
Because till now no one knew what the take up was
Thought this and others were going to crater this morning, nice to see it hold steady. EZJ is up a bit too despite that gloomy headline.
Holding long term, entirely expect this to bump about £1 till something happens with covid
I am still optimistic on this, will it drop tomorrow, could do, but give it a couple years & anyone who held will be laughing.
One whisper of a vaccine approval and / or mass airport testing & this and all other airlines will fly, the RI will eliminate most of the COVID losses so the pre RI share should recover fairly fast to £5+ (£2+ with dilution). Perhaps 12 months, maybe 18.
Still annoyed the board didn't take their rights in full though, feels like a kick in the teeth
GLA
whatamess is on here too, thought he only resided on the IAG chat (stuffs nurofen into me)
I have hired a socially distanced bricklayer to brick up all the doors & windows of my house, and leave a small hatch for amazon to chuck parcels in, its just TOO dangerous to venture outside ever again!!! Seriously though does anyone think holidays will never return!!!
The share has sunk from approx £2.20 to 90pish, which mostly takes into account the RI (SP x 2 DIV 5), yet now the company is properly funded & unlikely to go bust, will it ever get back to £6, very unlikely, I predict recovery to £2.20+ within 12 months of this nonsense ending, giving a good return on the rights, question is, when.
Look at JET2 & what happened after their share placement. Price recovered strongly almost immediately & has never sunk back to the placement price.
The real crash will occur if it turns out this RI wasn't taken up by many, we will find that out soon.
Though am disappointed to see IAG directors not buying in to their rights issue in full, despite assurances from the beginning they would.
GLA
It could drop a bit more, then again it might not, its impossible to call, lot depends what this **** show of a government pull out the hat next. Would sooner lock in a pile of new shares at 86p than wait and see it rise back over £1 again (which I think is more likely than further drops into the 70's), look at DTG / JET2 share placement, their price jumped 20% overnight, despite all the gloomers saying the funds etc would dump their allocation as soon as they can, they didn't, and its never gone back to £5.60 (though is a bit close atm).
Obviously any meaningful share price recovery cannot commence till this nonsense is over, latest I predict that would be is March next year, but that is very pessimistic, they are all running about panicking over winter, long term this will be fine.
Am amazed at this year, we have a disease that only kills the very weak, frail & vulnerable yet are content with total economic apocalypse & hiding away in media induced terror. How did we ever manage WWII!!!
This is a very sound company hit with a load of hysteria far outside their control, their planes will be packed again as soon as this nonsense ends.
I am taking up my rights in full, all £10k of them (BA best give me a free upgrade for this -_-), gonna hold for a couple years at least :), feel for anyone sitting on these at £6.50, I believe realistically £2 to £2.40 per share within 12 months of the end of this hysteria.
GLA
https://bjgplife.com/2020/07/24/covid-19-orwell-and-the-media/
Quite hefty out of hours buys on here
So what's everyone's opinion then, I'm still taking up my rights, quite uncomfortable seeing this drop though I think its oversold, will we go back into full lockdown, I doubt it, even the scientists predict worst case 200 deaths daily, so 1/5 of the numbers in April.
GLA
DOOMED
Come on does anyone on here think IAG will disappear, the whole stock market was hammered today, nothing I own was up, this is long term and I still intend to take my rights in full (got approx 8000 shares at £2.20 average),
Look at Flightradar24, BA, Iberia, Aer Lingus, Vueling, all had a lot of planes in the sky, am sure they wouldn.t be flying if they were loss making. Thailand & Singapore on the corridor list.
Winter will be shaky yes, no doubt, but hang in there and I think we will be well rewarded, deaths still sub 30 despite weeks of rising infections now.
GLA