Member Info for big-blue

One point of clarification UKi...99, the statement via the press form the CEO was to answer a week long of 'intense' speculation in the city. Back then I was being pasted on the board for pointing out the company was obliged to answer the Credit Suiess note. I even posted LSE disclosure rules. It took a long time for the headline, not tapping shareholders but the detail is in the statement "“We have revolving credit facilities, we are analysing other ways of financing the group so we have alternatives before we [consider] another rights issue,”"

I don't think the city was impressed and I think it was HSBC that noted any RI would be revealed around the time the US date was known. Well, we are at that point now so all shall be revealed - in the same day the FO announces he is going..... speculation on the timing?

.... and even more worrying, SSP bellwether share which I would have expected to be positive about the US nes, has stayed under. Looks like the US opening up was priced in a long time ago. Perhaps the only thing stopping the IAG price tanking is that the opening date was earlier in the month.

Bear in mind too that a lot of pis bought in to cash in on the news. Well that's it, so a lot of profits will be taken.

Not the firework display some were promising. But then some of us do a bit more real world 360 and keep a more level head.

And as for the person claiming to have sold based on something I said, you would have sold very close to the top, much closer than most, based on the sp reaction to the long awaited news. And if the red flag is answered by dilution, you were lucky. I think you put out your false post believing it would have a backdrop of double digit sp rise and that could be used as leverage to remove people you don't like and turn it into a personal bb for you and the ramp fest.

How many more of these dormant accounts are there to use as first time posters following the brief??

YOU will have to provide some pretty convincing evidence to ambush the bb and have people's accounts deleted. Which part of this is problematic;

"""We have revolving credit facilities, we are analysing other ways of financing the group so we have alternatives before we

[consider] another rights issue,""

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

Show me one peice of FALSE information I have posted. And where I am speculating in debate, I am very clear about it.

I looked back in on the sp given the date of travel opening up being given kudos from the various sources leaking ahead of the official announcement. I had posted that I expected this to be a rather muted affair just a few days ago. Not worth a switcheroo given the red flag. And frankly I had expected to see something like 5% or even 6% up for IAG. It is gained maybe 1%, 1.5% on the mornings march up the hill. You are going to be lucky to hit even 190 let alone 200 with this response.

And that red flag is still flying. Not for me this, far too much risk.

Another 1st time poster, claiming to have sold based on postings. Rubbish! Just a silly attempt to get the accounts of some people removed to cut out to leave the road clear for a one sided ramp fest. I am certainly not paid by anyone and where would that be against posting rules. I have totally substantiated everything with source information.

"""We have revolving credit facilities, we are analysing other ways of financing the group so we have alternatives before we

[consider] another rights issue,""

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

Lee, my PCR was only £28 a week or so ago. Where is the lateral flow to be taken? Is it by post or at the airport? If at the airport, then it might end up being more expensive than my day 2 test!

For gawds sake, will somebody Sundenza hasn't filtered, if there are any, tell him to stop going on and on and on about how brave he is for filtering people and having to reiterate it ever other post. We, the filtered few, are very happy for him and wish him well, but blimey give it a rest you obsessed little....... ramper!

Sky scanner cheapest deal, 16th NOV BA with airport change NY to Vegas, return 20th change LAX, £500.
Direct same dates £1,200

"partly lift international travel curbs"

Partly? errmmmm........

I'll wait until I see the real news before booking a ticket me thinks!

Oh grow up you silly little boy. Yes, some estimated the end of November based on the foot dragging in the White House. And the speculation turns firm for the 8th. You were telling us all it was a definite for the 15th!!!!!!! Put your willey away.

If confirmed that will be useful, the start of the month rather than the end. Hope there are not any caveats on procedure.

Right, get the esta done, Vegas baby, here I come.....

I do have to say, a sense of foreboding now. The final results are not due till end of Feb so he is working out a decent length of notice. I don't think he was pushed on that point. But this does have a sense of the financial restructuring being signed off. Now the plan is signed off he can leave. Whether that means a plan will be implemented straight away, or when the new FO comes in, naaa they wouldn't be able to wait until Feb, banks would be all over them.

We may start getting some little leaks indicating the nature of the deal very soon. All eyes now on any hint from the next broker comments and ratings!

Then again, maybe he doesn't want his name on the 50% dilution. Not good for the CV. So is he off to dig wells for wateraid in Africa or jumping of the stern before the iceberg is hit?

360 - he did make a pointed reference to service with BA when he is actually leaving IAG......

I wonder if they will be serving frothy pints on board now?

I suspect Gunning will have told the board a while ago and the musical chairs sorted in good time, Whitbread however may not have known. There is no market reaction that I can see, possibly a minor dip but when you are top bod and your resignation is announced in an RNS, the last thing you want to see is the sp shoot up - not good for the ego!

Mind you, he is sitting on heft loss at the moment;

09-Mar-20 06-Mar-20 Buy Stephen Gunning 431.60 GBX 10,606 55,750
09-Mar-20 05-Mar-20 Exercise of option Stephen Gunning 0.00 34,219 45,144
09-Mar-20 05-Mar-20 Buy Stephen Gunning 428.30 GBX 5,836 45,144
09-Mar-20 04-Mar-20 Buy Stephen Gunning 456.20 GBX 59 5,089
09-Mar-20 04-Mar-20 Buy Stephen Gunning 457.20 GBX 5,030 5,030
09-Mar-20 04-Mar-20 Buy Stephen Gunning 457.10 GBX

Get mops and buckets out to clean up all the pee as you collectively wet yourselves when the RNS flag went up, lol.

I think the length of service doesn't indicate a clash on the top floor. However, this is an old BA lag so he could be removing himself from IAG ready to take the post at a spun off BA in the near future. Speculation of course, but there is no word as to where he is going, only 'to seek a new challenge'. Will he cash in his share options earned over the years with IAG or dump them?

That is no evidence, those flights may be purley for Americans returning as they are almost free to come and go as they please.

I've held stock where rights were done but the retail investor didn't get a look in, especially the YA death spiral. Also debt swap, just straight dilution. If I remember correctly, I could have sold my rights with Easy J some 20% higher than the book cost a day before, I opted to swallow.

Anyway, what is known as a fact is """We have revolving credit facilities, we are analysing other ways of financing the group so we have alternatives before we [consider] another rights issue,"" it is from the horse's mouth!
We can only speculate what the 'other ways' are in order to gauge whether the 'other ways' can finance the group's [debt] or whether CEO eats his words and tapps the shareholders for more cash. At least it wouldn't be a first, lol!

When I mean 'covering' Hexham I should of said reducing the loss. If it is an open offer to all of the form the Easy J for example, you are allocated x shares for every y you own, there are various options to buys and average down, sell the rights, part sell and buy ect... the point being you can get something out of it. If it were a debt swap, you get nothing at all and the sp is just diluted.

As for the Qataires buying a bigger stake, they only have to tell the market their intentions, i.e. passive shareholders with no take-over intention. However, they have such a big chunk now it wouldn't be difficult to end up taking it over given the size of debt that the banks may insist on being removed to more serviceable levels. I still think if it is the case that Qataris put a big chunk of cash in, they would have no interest in ownership of IAG with a load of hard pressed airlines on it's books, I think they would want BA alone. Would IAG hand it over or put BA up for sale so others could get a chunk? All wild speculation but there is a rather large steaming pile of do do that is going to have to be addressed as the recovery unfolds. Big decisions will be made when the US open date is known!!!