The latest Investing Matters Podcast with Jean Roche, Co-Manager of Schroder UK Mid Cap Investment Trust has just been released. Listen here.
https://www.bbc.co.uk/news/uk-53383170
new Brexit ads will show the new rules for the UK post brexit.
The SP will recover in 2023/2024 but for now the SP will work a very slow down trend with minor corrections and then
IAG is going through a correction
The long term sub 200p share price is a few weeks away. Unfortunately, IAG is in the top 10 of FTSE 100 Companies that will be the WORSE performing short and long term.
Sell if you can!
I and many of my peers do not really want to associate with any brexit persons who step into Europe. If you are sniffed out from the crowd you will be shamed and thrown into the canal
I agree. Many on this forum are completely blind that the stock has been going down for the past few months. They get excited when they see the share price going up 10p (driven by professional traders) a day which is very poor.
We should see the IAG Share price seeing it's real value in the upcoming months as downsizing is ongoing.
200-215p end of this week
170-180p next week to the end of July
sideways trading at 120p-160p August and September for the next year or 2.
Freedom of movement for EU and EFTA citizens has reduced from 30 to 29
Free movement for UK citizens has changed from 30 to 0.
Expect travel demand to be drastically reduced post brexit. More Brits will be taking holidays to Butlins, Blackpool, etc.
Bricks92, I conducted a technical analysis on this stock too. Can't you clearly see that the SP is on a downtrend? The SP is failing to breach resistance whilst other shares in the FTSE100 are performing better.Buying based on broker predictions is the equivalent of getting financial advice from a dodgy car salesman.Also, Brexit is around the corner which is the nail on the coffin for IAG. IAG will either will either have to close the curtains for the British Airways or nationalise (govt owned). Demand will be critically low for BA in the Autumn as the end of free movement ends of UK citizens. Likewise, EU citizens will not prioritise the UK as a holiday destination post-brexit. I expect the company to shrink drastically, the SP declining will reflect the downsizing of the firm in the upcoming months.