Member Info for big-blue

" You think a company this size is just going to vanish overnight, with the thousands of employees and the cash involved."

I've said even today the company is solvent. But to answer the point directly, yes, very big companies with thousands of employees and apparently plenty of cash in the bank DO vanish overnight.
https://www.businessleader.co.uk/biggest-businesses-that-went-bust-due-to-covid-19/

ger_paul, you may not be aware of the nasty horrible disgusting vile abusive and aggressive posts slung out at anybody that questioned the hysterical ramp fes on this board. Especially when posting referenced verifiable evidence contradicting the narrative of the deluded;

"""We have revolving credit facilities, we are analysing other ways of financing the group so we have alternatives before we
[consider] another rights issue,""
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

If you need to spin that yarn to mentally balance your mind for your health, you do that. You will of course understand why so many don't believe it. Detail specifically the platform and process by which you were able to sell shares before the market opened.

ger_paul. We know how companies operate with debt. Those companies didn't have their main market almost entirely closed down during their peak cash earning season. IAG did. The question is not the size of debt, it is the ability to service it. The brokers recognise a huge chunk of the income to be expected in normal times has not arrived this year. So the inevitable question is raised. If last time a RI was needed due to lost income, is not the same required? And people need to stop posting this idea that IAG has 10bill of cash in the bank. It has some credit left to draw down on, it has some cash in the bank it has assets to liquify. It can remain solvent, but that is not the same as having all cash in the bank now.

Does look like now the US news is out of the way, the great spike many were duped into expecting never happened, and some of us knew this and said so beforehand, the RI issue which didn't leave the agenda has been put firmly back front of house with a 4th broker expecting something although next year. So pis and and desk day traders move out ahead of potential dilution.

A return to the 140s looks likely if IAG choose to do what happened last time, that is say nothing for a week after 3 brokers said they needed a RI. IAG needs to be very chatty NOW to give clear indications on the financial plan. If they delay further than a week then it will just keep winding further down as speculation intensifies. Waiting for the early NOv results is not practical for the sp.

So, do I jump on board now risking dilution but having some opportunity to take advantage of some offer? I think not because i don't expect retail investors to be involved in and cash call.
Do I jump in as speculation drives the sp too low, below whatever consequences there may for some form of dilution? Possibly because I see a part cash call and therefore limited dilution. However, how long will IAG delay in putting out news to stem the sp drop like before? IAG didn't seem to recognise any urgency last time despite LSE obligations on disclosure.
I think at the moment a plan is to wait and see what, if any, dilution is going to occur and just be quick on the buy button. It won't be the bottom but it the turnaround after the financing package is known and turns out ot not be a complete RI should allow a rapid turnaround and a decent smash and grab opportunity.

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Teddy100 Premium Member

Posts: 600

Price: 165.56

No Opinion

RE: End of the monthTue 22:41
Let’s see tomorrow morning, loaded up heavy at 4:28, expecting a nice uptick."

Oooops!

,......... pass the duchy bogoff, I liked a blast of that ramping weed..........

chartists trying to blind the doubtful with Hocus-Pocus Mumbo-Jumbo. There is nothing impressive about this quackery. You sound quite ridiculous trying to explain away a knackered shate with a sodding great big flag flying over it which was hoisted even higher by another broker today.

It is absolutely astonishing watching the extent of the denial. Even when a new broker makes the reference, there is still this utterly deluded gaggle of mad rampers trying to wish it away. This is getting worthy of a formal study for a paper.

I have no facilities to short. I don't leverage either. I play with a bit of day trading. I am a smash and grabber. I also don't live in some fantasy world!

Well, nearly 5.5% drop again. That is a long, long way from the promised 200+ during the ramp fest. I hope all those nasty abusive posters kept holding deluded by their own gullibility and are sick to the pit of their stomach with the loss they are facing if they sell, or more if the hold out. The nasty ones deserve this.

I went through T5 a week or two ago, what are you talking about? Your posts become more and more suspicious as time goes by and those little giveaways drop out. Hold are you? 16? 17? Or maybe you work at T5 (clean floor, nice one). I don't believe what you post to the extent I don't think there is a bit of exaggeration or just enough is real to sound true but most of it is false. I don't beleive now any of your life as you present it is true, your avatare would have been better as Walter_Mitty_2005 .

Problem for my other sector and related sector shares that are auto traded, this crash at IAG is pulling everything else down more than the days news would alone. I've waited all year for the shares to decouple but they seem glued together come what may!!!!

salty......

Wow, this is almost in free fall. Statement on debt servicing arrangements perhaps much closer than I thought. Will there be further dilution?

Place your bets.....

"on holiday at the end of November with my family" mmmmm.... 'with my family' not 'with the family'. Your just a child aren't you? A child travels with MY family, the parents travel with THE family. A fine call on the possessive use but it just leapt out at me that that is what a child says. Couple that together with the claims of buying and then retrospective claims about selling. ANd the rather blatant lie about 'secretly' selling on Friday. If you had you'd have been bragging to the nth degree what a fab trader you are all day yesterday and today. I guess you are a teen finished school, delusions of being a day trader. and playing out your fantasy via a bb. There has been something a little toooooo carefree about your buying declarations. As if it doesn't matter. You are running a virtual portfolio on a spreadsheet aren't you? You don't have any trading account do you? Your virtual portfolio is showing a remarkably large loss isn't it? But it doesn't matter for you because it is virtual and whatever formulas you are testing you are finding that the impact on real world events is making the dream of being a hotshot trader very difficult. In fact, you are quite surprised at how events unfold and how apparently obvious variables that should send the sp flying do no such thing and that in fact you are finding details that seem rather technical and obscure and can be very easily missed within things like broker notes turn out to be fundamental to large changes in the sp.

Pretty close to the mark I think!

Glennhouse, if you do not like the idea of people posting ideas you do not agree with, go and set up an account on ADVFN where you can be the moderator and you can prevent any poster that doesn't echo your opinion. You can surround yourself in a never ending fantasy of posts that agree with your every utterance. Go! Stop trying to restrict a free open board to your narrow conservative view point.

Not sure who the insulting name refers to but pulling up a prediction from February and applying it to October as if it was blindingly obvious it would never happens does show how far you need to go to try and cover up your utter embarrassment as to how things have panned out over the last month or two. But then again JohnB, you are no stranger to spin are you? Hydrogen tanks that should have been purged before landing? Or was the flight plan followed and the press statement that the concept plane crashing proved the H2 tanks were safe was just a bare faced lie. Which one was it?

smartpee, he actually said no 'emergency' funding. It was paraphrased for many headlines as no RI and others in places like here have ramped it as all RI ended. It is clear that nothing has changed with the broker sentiment and to have the prospect raised again is very bad. The latest indicates the immediate RI threat may be dissipating, the 'emergency' RI, but overall more cash will be needed next year.

An honest debate now, don't look to this ramp fest rainbow chasing rose tinted discussion board, will be whether the city will wait for debt financing clarity that long. A case of wait and see if income is going to be sufficient to cover obligations whilst maintaining whatever cash flow margins and contingency funds already promised by IAG to the banks. And then there is the pension payment issue. Some may argue IAG will continue to drawdown credit facilities until next Feb when the financial restructuring requirements will be determined. I expect the original broker notes to have called it correct when they said IAG will need to announce around the time the US opens up. So I will guestimate sometime over the next two to three weeks we will have something. Will the Q3 results be the point, or would they want to get any dilution out of the way so as not to impact Q3 statement????? Lots of points for debate. But as I said, you won't get an intellectual debate out of the ostriches here as they all still have their heads well and truly buried.

I also note Berenberg also expect more on an Easy J takeover.

"while we think equity may still need to be raised next year," it said."

I don't think the city can wait until next year.

"The bank downgraded British Airways and Iberia parent IAG to 'hold' from 'buy' and cut the price target to 200p from 230p as it argued that the Atlantic reopening was priced in. Berenberg said IAG's shares have benefited from positive sentiment over the past month as governments continue to ease restrictions and near-term equity dilution risk dissipates.

"Despite this, booking data is yet to confirm a strong recovery in the all-important corporate segment, while we think equity may still need to be raised next year," it said.

"IAG's enterprise value is now 37% larger than in 2019 (it has taken on circa EUR7bn of debt since then), despite the less certain earnings outlook now."
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