Member Info for big-blue

Oh god are you back to denying any brokers stated they expected a RI? Do I have to post the comments, yet again? OK, here goes, this is what they said and this what I based my risk averse decision on. And for the other poster, please don't have a go at me, Longterm has tried again to pretend no such comments existed, when they did. Like a lot of other people, we waited to find out what the 'alternative' options would be to avoid a RI. We now know, a thumping great big credit extension. Immediate risk of dilution removed. Reassess. Not good as a short, mid or long term investment for me until I see business growth in real numbers. Small opportunities for small gains when rainbow chasers are seen near an expected announcement perhaps. Possible opportunity if rumours BA is to be sold.

Otherwise, here it is, the proof in the real world, they did say it, here we go round the circle again......

"""We have revolving credit facilities, we are analysing other ways of financing the group so we have alternatives before we [consider] another rights issue,""
https://www.reuters.com/world/uk/ba-owner-iag-not-planning-tap-investors-funds-sunday-times-2021-09-19/
https://www.thetimes.co.uk/article/we-wont-tap-city-for-emergency-funds-says-ba-owner-luis-gallego-mnz6szjtm

Sep 2021
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

Oct 2021
** It also downgrades IAG to "hold", given heightened equity
dilution risk which may weigh on shares early next year --- Berenberg
https://www.lse.co.uk/news/IAG/berenberg-upgrades-easyjet-downgrades-iag-5yatu7tvtabidw2.html

This is a typical story of the sort that is supposed to underwrite the climate change claims. A patch of ice with a long history of disappearing over climate cycles is then presented as proof of the claims today. And this is the classic simplistic correlation that flies in the face of the physics, regarding the energy required to raise frozen water per degree, then the huge amount of energy needed for the phase change. There is no reference to wind patterns, especially affected from wind turbines, and how the processes of sublimation of ice to vapour has actually impacted the ice block. Turbines have effects on local air currents many miles downwind, which are great concern off to many unheard 'real' environmentalists where wind farms have completely transformed downwind eco systems.

https://phys.org/news/2018-10-sublimation-solid-ice-quickly-evaporation.html

Enlighten yourself and then go to the news story below and ask yourself, was I told the full story or was there some very convenient cherry picking and assumption making to come up with what is presented as a further qualification that climate change is a real thing due to increasing average temperature [which in a climate system an average temperature is just a nonsense].

https://www.theguardian.com/uk-news/2021/nov/03/uk-longest-lasting-snow-patch-sphinx-melts-eighth-time-300-years

It was too risky! It had a red flag over it. There was a RI risk. Therefore I was 100% correct to be risk averse. I will continue to be risk averse by cashing in any small gain rather falling in love with a share that has significant problems associated with it. ANd to the one who thinks that air travel is somehow immune by rational argument from the climate change zealots, well tells everybody what they need to know about how sophisticated your research is on stock picking. There are another 12 days of the hysterical nonsense yet, aviation and travel has already been popping up, the main feast on the industry is yet to come. With luck, the hysteria and massively outlandish rhetoric has actually served to wake up some form the hypnotic slumber they have been under and will kick back against the madness, a madness seen today with the private equity sector being pushed into trillions and trillions of commitment for something that doesn't exist. And thanks to decades of completely one-sided propaganda, nobody is daring to stand up against it. Listen to it all in the news reports, across the adverts, in the talk shows. It is sheer hysterical madness. Mend a planet? A planet? How many of you are looking form the outside in and beginning to realise, this is all getting out of hand? Who's going to stop all this madness?

"Let us all not forget the literally thousands of posts that we've all read encouraging other investors to sell their holdings at a loss."

One post, show me one post where I ever said 'sell' IAG. Just one. More dirty bare faced lies. You can not take me on at any level with real world FACTS. You all have to invent lies on top of lies to try and save face. This is all you have> Is this the sum total of your collective intellectual prowess? Nothing but inventing lies to give yourselves grounds to throw insults. How pathetic!

"youre a sad case..."

Why? Why the nasty insult? Is that it? You are beaten on fact and all you have is to throw insults at a stranger? Oh you big braveheart! Resorting to making up lies to make some pathetic stand is ridiculous alone, but to be such a horrible person tells everybody reading just what a filthy stinking nasty little person you really are. You are despicable. Try a little humility.

What price do I say the sp will be on Q3 results? Precisely, I haven't said anything or made any prediction. Yet again you make up a bare faced lie in a desperate attempt to find something to say against me. You can not go on anything I actually say so you have to make up lie after lie after lie. And as for whether I think a credit extension rather than raising funds through a dilution, what did the market think? Barely a nudge up one day and a nudge back down to square one the next. I agree with the market it was not the best way to finance. I would have done an equity swap, nothing to pay back latter and locking the banks and iis in for a longer term and allowing divs to return years earlier than they will. You have such a simplistic understanding of how the corporates work. Not a clue.

In what possible way do I compare myself with you? You really have a high opinion of yourself thinking I would even notice you exist. I think some of you are a little bit self important thinking I would give any attention to what you do with your investments. I'm going to pocket, I hope, a few extra quid to plonk into Easy J form the gullible rainbow chasers with IAG. Numpties who decided to follow the ramp fest herd and who will, on Friday, with the dire results that required a 1bill credit extension to cover, looking at the sp drop like a stone. Fools and money are soon parted.

I live in the real world where I go by actual verifiable references, not fantasy dreams and rose tinted glasses. The threat of RI or dilution remained 100% live until the long delayed financial review said otherwise. And frankly given the extended debt route it hardly puts IAG out of the woods further down the road. What therefore have I got wrong? The sp is nowhere near the converted and oft promised 200, the groups airlines has been stymied relentlessly by lockdowns, travel restrictions, additional traveller cost burdens, delayed toute openings. Did I invest and lose during this period? No. So how did I get that wrong? And if you are going to tell me there are no potential serious consequences form hysterical climate change fanatics then you are as deluded as ever.

I knew if I posted I was taking a pop at a very short term trade I'd get nothing but abuse. I am betting on the usual money transfer process from gullible pis to iis, expect I'm going to have a piece of this one. All the mad talk of huge sp rises due to massive revenue from routes not even open yet and all the gullible idiot get rich quick pis that listen to all the fantasy crap, all piling in to IAG. I'll do what the iis will be doing. Taking a 360, reading the real actual world and taking the money and running before the downgrade on Friday.

SO throw your insults, you only make fools of yourselves because absolutely nothing has changed with the company debt prospects or long term outlook. The best longer term holders can hope for is IAG is forced to spin off BA at some point. Otherwise, like every other stock I watch, bag a few percent on the backs of the gullible. The London market is a very efficient machine to part fools from their money.

"After months / weeks of saying he wouldn’t buy IAG as it was doomed. Brokers forecasts mean nothing (after posting brokers forecasts to back up his points) blah blah blah

He says he’s bought IAG after a broker forecast, to try and save face. You couldn’t make it up!"

Absolute crap! I've been watching this like a hawk from January. I've day traded it up to Spring. I've kept out the the travel sector was sabotage ready to make a big switcheroo in to mid summer only to see it evaporate as travel lockdowns continue. Then new problems with broker warnings occur. The possible little gain running up to Friday is worth a little punt .

I expected a load of abuse from fools that don't understand the concept of being cautious. I also expect fantasy ramping up to Friday so I can get out with a little gain on Thursday. ALL, and I mean ALL the previous caveats remain unchanged. Some of you just can't handle the real world. I am taking a gamble, a big gamble, on a short lived rise upto 5%. I may regret it by Thursday and have to accept a loss as Q3 results leak out to the market. Who knows. But nothing I have said before changes.

Easy J alert 690, oooppss.. hope I didn't press the wrong number buttons on the trades lol

Well I've put 5% of the new cash into IAG on a one off punt that results speculation might give me a quickie ahead of the results day, which I think will be poor and on results day and will pull back. Alerts set for 175 on IAG. The rest is a big expansion to Easy J holding on the 'fingers crossed' sentiment that takeover rumour will push the sp towards 700 and maybe beyond. Alerts set for Easy J at 790.

? OK Tanner, explain yourself and also explain why you target me specifically with insults and not others also expressing doubts on what the results will say.

Factual commentary? It was his own opinion drawing on three bits of accounts information. It is 98% OWN OPINION v 2% known info.

Critically, Hexham tells you want to hear, that your sorry little as-investment-s is likely to be saved some time in the future, if everything works out of course. This is why you and your friends constantly lose out investing. You will not tolerate an opinion, extrapolation, fact or reference that does not confirm your own prejudice towards a share. To get anywhere you have to suck it up and work with people you despise, invest in what look like basket cases, follow the most unpopular people and trends, play devils advocate on every issue and listen to the full spectrum without inner filtering. It is hard to do, but if you want to make money that is what you have to do.

IAGLong.... as I keep saying, those that want an echo chamber where only their thoughts or agenda is allowed, go and setup a chat room on ADVFN where you can be the moderator. You can restrict all discussion to include the narrow set of variables you want to consider as applicable to influencing a sp.

As for the real world issues, volcanoes HAVE grounded thousands of flights at a stroke, cop26 was [is] a significant danger to imposing travel restrictions to 'save the planet' [delegates to cops and other climate change conferences excluded of course], and there are many other 360 issues that can have dramatic impacts of sps across many sectors, some specific some general.

So go and set up your exclusive self-moderated chat room elsewhere and stop constantly posting how you don't like people discussing items that just don't happen to be on your agenda.

No ramp fest from sundenza today? Has he thrown the towel in and cashed up? Maybe.

I said, I would be keeping a beady eye on IAG in case there was a hint of BA being spun off. That might be a smash and grab opportunity. As for posting here, so what? It's none of your business. I'll do what I want, when I want and I am not answerable to you or anybody else. And if it annoys people that I post my thoughts here, then that is just fine! With the nastiness shown on here, you deserve a bit of come back.

The anchor dragging behind the sector now is the testing requirements for travel. As these are increasingly institutionalised, and they have the desired impact of reducing travel from the climate change hysteria point of view, I will not be surprised to see either pre-travel, fit to fly, or post travel testing become a normal requirement. There are tourist dependant countries that have lifted the fit to fly tests but there is a possibility that moves to remove testing will be answered with moves to reimpose testing globally on the pretext of public health, but will actually be used as a tool to discourage flying. cop26 is falling to pieces as far as the hysteric propaganda push is concerned, so as before, these kind of control mechanisms will be imposed by the back door.

The continuing oppression of true free travel without testing will mean paying back debt to 'normal' levels is going to be pretty hard. Budget airlines know how price sensitive those seats are and as Ryanair said, discounts are now needed to fill the planes. They were basically saying they have to help offset the costs of testing to encourage a return to flying.

all going red again, I wonder if sundenza is finally beginning to realise, this is not going anywhere near 200 for a very, very, very long time - if it ever will. The penny must have dropped by now that the market and especially the iis do not like the way IAG is being run at the moment. The warnings about the finances can not be dismissed, and that is industry wide. Accept the fact, all the hype about passengers in T5 is meaningless against market sentiment and the sentiment is not good. The market is clearly expecting very bad news on Friday, I don't blame them, a thumping great big 1billion new credit line proves that.

Time for some here to get real. It's over, there is no pot of gold and there is no rainbow. There is a boring meandering vulnerable share to be treated with caution.

I posted some time ago a link to the obligations for market disclosures and I think I specifically referenced the definition, within those rules, of the analysts as distinct entities receiving more detailed information from listed companies in private briefings as a tool to aid in market regulation. I know readers will remember the big debate as to whether IAG is obliged to answer the broker notes that raised the prospect of an RI. IAG inevitably did answer, via a press story. I can't help you benji boy if you failed to absorb the information at the time. You have a very short attention span and memory. Are you one of those special little children at school that needs special teaching assistants throughout the day?

Benji boy, reliability of your sources;
"Notice: We no longer track disclosures after they drop below 0.5%. It is possible that the manager still holds a short position even if we are showing it as zero."

Why didn't you make a reference to the LSE short information, here on this website? Tut, tut. You wouldn't make it even as the tea boy in a boiler old chap. Poor benji boy.