Member Info for big-blue

"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.

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.

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 Out of date?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.

"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.

very good idea jonhybri, all those how are like minded with you, don't post anymore, ever. Excellent suggestion. We will now see how much sway you have!

That is paraphrased from the actual quote referring to no "emergency" taping of funds from shareholders. The interview and discussion then goes into greater detail and the statement that options are being considered to avoid another RI is spelt out.

A month latet Berenberg confirm dilution is a risk.

All the information is on the record. And the context you desperately cling on to sundancer is that if the immediate need for a RI, ths emergency bit. You can't wish it away.

and again..... round and round the circle we go......

"""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

"It's just that you are talking as if we have had another one!"

Where have I ever given even the slightest hint that there has been a second RI with IAG? That is an absurd statement to make.

I am very much of the mind that there is a boiler room group here desperately trying to ramp this as they are part of [or the full] spreadbet syndicate. This latest trick by sindenza to sow seeds of doubt in people's minds that perhaps the references and quotes can be questioned and, he hopes, that by some magic thousands of people reading his post will conclude it is totally safe to buy billion pound blocks of the share or some such.

It is like they are going through every trick in the book to try and nudge people into buying in a vain hope they can close the gap on what is probably a leveraged huge loss so far. The rhetoric trying to align and encourage people towards 'backing this horse' is a bit obvious at times. Nothing changes until the company and the brokers update their positions.

BRUSSELS, Oct 28 (Reuters) - British Airways and Iberia
owner International Airlines Group's has offered
concessions to address EU antitrust concerns over its
500-million-euro ($579.6 million) bid for Spain's Air Europa, a
European Commission filing showed on Thursday.

IAG put in its offer on Wednesday. The EU executive, which
did not provide details in line with its policy, extended its
deadline for a decision on the deal to Jan. 4.

IAG signed a deal with Spanish airline Volotea in March last
year to buy several of IAG's routes to bolster competition on
the domestic market in an attempt to allay regulatory concerns
but did not detail which routes.

The EU antitrust watchdog is now expected to seek feedback
from rivals and customers before deciding whether to accept
IAG's offer or demand more concessions in return for the green
light.

It had previously said the deal would reduce competition on
Spanish domestic and international routes.

UK has no plans to scrap COVID red travel list, PM's spokesman says
LONDON, Oct 28 (Reuters) - Britain has no plans to scrap a travel red list country system that requires arrivals to stay in a hotel to quarantine, a spokesman for Prime Minister Boris Johnson said on Thursda

take action against what? What is YOUR agenda in trying to remove people who do not share your opinion?

I get no reward for answering the absurd posts with hard referenced facts. There is outright hate against those who called out the dilution deniers because you have no leg to stand on against the firm hard referenced facts. How many hundreds of posts from multiple names tried all day every day to insist there was a total dismissal from the ceo? Yet all the time they were having to contend with the plain truth of the actual words said...

"""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

And then to top it all, a 4th broker joined in;

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

If anybody here is paid to post, it is clearly the rampers. You failed.

We now wait to see what the financial review options are based on all the pieces of the jigsaw in place, US opening date, budget help [not] for airlines and the rebuff of a last minute mask and lockdown lobby to return to former comfort zones. What revenue IAG managed to grab will be offset against the cash burn and the damage and remedy known. Place your bets, or not, on that basis. It could go either way.

Berenburg said an RI could be as long away as early in the new year. That is a very very very long time for the company to not answer. Last time they took a week to answer the first 3 RI comments, they are over that now for Berenberg. There is no way they can string it along until the new year. Instead we have silence. If dilution could be avoided now we know the budget and lack of state help for the air travel sector, then it stands to reason with the proximity of the 5th Nov results that we will be given a firm statement on the finances going forward then. Friday's are an ominos day for such news.

7th March. I apparently predicted by year end 300p for IAG.

7th March. And since 7th March? Any events that could affect a change in estimates? Lockdown? Travel bans extended? Travel sabotaged? Travel traffic light lists? July opening of the US - NOT? Testing for travellers? Long delays in opening up air travel? The odd comment re RI? Anything?

You must feel like a right plonka trying to hold someone to a sp prediction from early March. Old rule about digging holes... stop.

It was his fault. He started it!

Ha ha everybody, laugh at JohnyBri who thinks the sp is going to stay above 700, ha ha
[yeah, it took seconds to find a previous post of yours with a price prediction and repost it. Stupid yeah? That's how stupid you look with your 300+ repost, although you don't even say when I am supposed to have said that.]

Johnbri4

Posted in: EZJ

Posts: 1,406

Price: 756.80

No Opinion

RE: 1.3 billion loss17 Nov 2020 09:30
1969. I think your post sums it up about right. The loss as with most airlines has been factored in to some extent and sp has been cushioned by the vaccine news. If this can hold above 700 today in my opinion the only way will be up in the long run.

WHEN did I make this 300p prediction? WHEN???

As for repeating the same thing, if people post the same false statement, I will respond with the actual and referenced information. I will not accept a false delusional impression to be imposed on this particular narrative.

I know you think you have discovered some great amazing clever put down of the might Big Blue and you now reign supreme with a towering social status over all and sunder, but you are making a fool of yourself. Anybody can go back and find predictions made BEFORE significant unforeseen events that completely change a sp prospect. Reposting that sp as if it is still relevant is just plain stupid. What do you hope to acheive?

I don't equate income to passenger numbers and BA is only one part of the group. Income for the group is much more complicated than simple measures. If I have time I may look at the last financial statement, but for me, if it was that simple to cover the cashburn, I have to ask why did all those brokers come to the conclusions they did?

We will know in a few days and somebody is going to own the playground for a day!

On the positive side, whilst the air passenger duty has been shuffled around, the climate change lobby has been resisted by the treasury at least. A lot of direct attacks from the interviewers, "how could you just before cop"? Seems there are still some around in government not led by vanity first, rationality second. Against the hysterical cult of climate change, to stand against even a minor diktat is difficult as the mass media goes awol for days in response. The degree of coercion leading up to cop26 may even be having the opposite effect as it all begins to look much more political than scientific. Which is the fundamental point. So the airlines could have been hammered in the budget for the cause of climate change to applause from the fundamentalists and gods of TV and Rishi would be carried on the shoulders and penciled in as the next PM. But instead the airlines were not hammered, although they should very definitely have been included on the list for the business rate relief. Every single claim made by the climate change money grabbers can be answered. There are very serious issues with the integrity of data used to make their claims. There is no independent checks on anything claimed and mass media repeats everything without any critical analysis at all. The airlines seem to have survived the budget, with a bit of common sense they may survive the zealots at cop26, but don't expect to see much rationality in Glasgow.

There is undoubtedly income offsetting cash burn, but the to the extent Hexam is making out I find very difficult to believe given the significant restrictions to travel this year. I haven't looked at the Q1s or where they come from since there will be a never ending argument on numbers. The investment decisions are based on what you estimate the net losses are over Q2/Q3 and how well the existing financial measures are coping with those losses and can keep the business fully operational as Q4 and onwards recovery unfolds. I note there is still plenty of testing requirements around which has been a big turn off for many travellers. For me, I know the brokers get private briefings revealing the state of company finances that the rest of the market doesn't see which they summarise for the market. One that basis a big red flag was raised for me. Others choose to not see the red flag. I am still expecting a debt for equity swap or being the substantial part of the financial review. It is looking likely the results of the review will come up with the results now. If there was no dilution on the cards I am certain the company would have had a statement, if not an RNS, out by now. They never hesitate with good market news, no listed company every delays good news!