RE: RE: Guess where the SP by 7th Nov28 Sep 2021 15:31
Oh dear oh dear oh dear
"i disagree with you saying they don't have 10.8b in the coffers...they actually do as of end of Aug."
You need to do some elementary research and these definitions. IAG do not have 10.8bn in the bank.
https://www.investopedia.com/terms/l/liquidity.asp
IAG has slots, buildings, aeroplanes and businesses to sell. One of those assets it can sell for cash is BA for example, which is why I have a probability that rather than selling of bits and pieces, they could sell of a whole airline [BA or another]. They are currently juggling with the bankers how to cover liabilities and cash flow at the end of furlough specifically without letting go of their assets most likely. To cover IAG with cash, it is most likely the banks will most likely swap debt payments due for shares instead. That is where the first dilution may come from. IAG may decide not to liquidate any assets or hand over a share of the company to the bank, and resort to a RI to raise cash from shareholders, as declared the back up option or plan B as some might call it.
And as for Easy J, today is the day shares start trading. The issue was taken up 93%, the underwriters plonked the remaining 7% on the market this morning and that is working the sp at the moment. In fact only needing a 2-3% drop to clear out 21 million shares, the book was closed on them by 6:55 oversubscribed at 690 and the sp is 693 is pretty strong by my reckoning. Tomorrow will be the real post rights issue.
Now, sundezena, please do some research before you post rubbish about cash in coffers next time. You really show what little you know posting something like that.