Member Info for big-blue

IAG do not have 10bn in the coffers!!!!!!! Another one confusing liquidity with cash flow. Whether it goes to 50, 100, 200, 300, 800 or 1000 is irrelevant. The risk of it collapsing again is just too big for me. And cop26 is getting ever closer and the probability of a significant attack of freedom to fly policy is very real which could send the entire sector into a significant tail spin. Enjoy your 200, or 250. But how many of you will actually sell and 'liquidate' your assets into 'cash' to burn?????

another head buries in the sand Mnazir, explain to us then why did the brokers feel the need to put out such statements? And who is paying them a commission and for what? The broker meetings are private and part of the information release procedure for the markets. I think you are confusing traders with analysts/brokers. And why would they come out with such a statement unless they held short positions which have to be disclosed? It is clear a number of you wish the RI warnings had never been published and certainly not from such solid reliable sources. Something isn't right with the finances at IAG and given the lost summer season income, it should be a bit obvious there is going to be some shuffling of chairs on the deck. What we don't know is whether there will be a debt for equity swap diluting the share pool. And until that is clear, win lose or draw I'm not in. I am not losing or gaining anything in the same way as any other share I happen to not be in. I note nobody is screaming their teeth out that I wasn't in Petrofac the other day when it did a 25% increase. Why are you not as upset about that? I've been in and out of Petrofac over the years. Keep your heads well and truly buried, wait for the almighty kick in the bum form a dilution.

"Fugazi1, they have 10billon liquidity it’s a revolving credit facility? You keep missing that, they also have revenue coming in!"

Then why were they in discussions with the banks? Why did three brokers feel the need to warn the market IAG need more money? Ignore those questions at your peril. To risky for me at the moment.

... here it is again, this idea that somebody 'missed' out because they didn't buy a share at a particular price. Abandoning a strategy and chasing rainbows is a sure fire way of losing most of what you have. Learned those lessons years ago. The Easy RI was unexpected and locked me down anyway for a couple of weeks. I don't care what entry price is to any share, just as long as it is higher when I sell! If is fools gold trying to second guess where the bottom is or the top. How many here were duped into buying 'at the bottom' when the sp was much higher than it is now? I don't hear the same rampers back then offering consolation to those who were duped into the ramping buy before!! And then where is the sell? Paper profits can not be spent. So you hang on, and on, and on and then there is 25% dilution because or a credit swap, or Biden refuses to sign the order until January at the earliest, or the lockdown lobby come up with a new wheeze to deter business travellers or airports are attacked repeatedly by eco terrorists or volcanos blow up all over the place and flights are grounded for a week, or, or, or.... so when are you going to sell to take profits???

As far as I am concerned, three well versed brokers emerged from a private legal briefing and gave their verdict on the company. It need to raise money and quick. After speculation, the boss announced they were trying to avoid another RI and at least there was no need for an emergency one. I don't care a flying pig whether the sp doubles, triples or quadruples - with that hanging in the air I ain't touching it. When the details of the review are known, maybe I will then touch it. Whether I get rich quick, or just cream of a few grand timing any incursion into the share to be just ahead of the details for opening up the atlantic routes to the US remains to be seen. I am not a casino gambler like so many rainbow chasers on here.

As sunsurfer demonstrates, total insecurity. He will not face the debate. He will not acknowledge real world variables. He will consider issues. Instead he tries to gather the flock around him closer and closer. He even pushes them to put up the shutters themselves and cut themselves off and enter sunsurfers world of denial. Sunsurfer is desperate for confirmation of his position and seeks to recruit more to the cult, and close the door firmly behind them filtering out any voice that doesn't preach in the church of Sunsurfer.

Very insecure people posting now, becoming more and more nervous and anxious about just how IAG is going to deal with the debt having lost the summer.

but, but, but.... it did this, it did that in the past. So, it MUST do the same again, please, oh please do the same again!

I would caution that the results of the financing discussions have not yet been announced. Rampers want everybody to buy buy and buy again. Half the time it is out of plain insecurity, they want everybody to behave as they do in order confirm their decisions. Others want to dupe buys believing a few pis are going to make the sp soar and their get rich quick strategy will come into play, then fail to cash in properly.

As long as you are diverted from the 360 and consider events that may happen, the rampers are happy.

Yes TP you are a troll, you are not the uncle arm chair safe house character you convinced some people you were with your softly softly soothing armchairposts. And your comebacks are below par. What happened to you? Do you want to talk about it in private?

If anything about this last year has taught all of you, such wild predictions of sp can, are, will be shattered when something else happens. Some of you are verging of the boiler room ramper level. You are way off the mark and just like last time suckering in pis with promises of infinite rises and sky high sps. What did they get?

No after market trades?

As I drove off with a full LPG tank, I looked on at the people searching for petrol, and smiled. A very smug smile.

If I could get the jump seat again like the good ol' days I am sure the chances of agreement of much I pass on would be guaranteed give the level of expertise. A discussion comparing the volcanoes and the rather dramatic differences between ash spewing and low level lava fountains for example. Then again, the Icelanders know a thing or two about volcanoes.

I'm sorry for you TP. Insecurity has somehow overwhelmed you. You are just another bitter troll now. Mask finally slipped eh?

Never been on the Easy J board. Been dealing with a load of orders. I can't see how the sp has taken a 'beating' for any of the airlines. Even SSP is over 4% and that is a bellwether. I suspect there is some announcement coming soon. I suspect it will be the PCR test end date, and judging by market forethought, if it is the case, it looks to be within the half term return window. I'll miss out, my trip to see the Icelandic volcano is earlier in the month. Looks like Spain has decided to miss out on a big tourist event on La Palma, but in Iceland they have carved out car parks and trails to right up to the volcano within just a couple of hundred feet at one part. Going because it has get a bit more active again. Rare opportunity to get up close and personal with an eruption like this. And I'm flying BA too!

Remember, there will be no 'emergency' tapping of funds. Also there are other financing options under consideration before going to shareholders for money. We all of course hope the options are viable and there is no dilution associated with the other options. If they are not viable, then plan B. Are we to never hear about the viability and use of the other options? Forever wondering whether plan B RI could drop? I don't think so. It has been revealed that things are being discussed and if they reach agreement then the fall back, least preferred option, will be to tap shareholders. Do you think we will be left hanging on for 3 weeks, 2 months, 5 months or more to find out one day to wake up and find out plan B has suddenly been deployed? As with the original speculation with the broker notes (three brokers) saying IAG needed an RI, the longer there was silence, the more the speculation grew. So when will the speculation begin again? How long before the question as to whether plan B is beginning to rise up the options matrix again? I think it is weeks, but I also think the date for opening US will be pivotal - opening up start of November or end of November? And lets us not forget the huge hysterical mass hysteria that is now just a few weeks away call cop26. November is looking like a bunker month!

FarEnd, that is incredibly naive. If you want to believe there was no finance discussions with the banks, that dilution has been completely taken off the table, that increase debt has been rejected and that everything is skipping along with no transatlantic travel, a lost summer and the main income perhaps not starting until the end of November, then you carry on. To say that because the conclusion of the financing hasn't been announced yet, and therefore it doesn't exist is just plain denial. IAG has reached is level and is now trading up and down with the sector. And the fact those discussions took place, that a statement ruling out one option had to be released, and very carefully worded, and that the news statement gave every indication there was still lots being considered is currently priced into the market. To believe otherwise would be just plain foolish.

Looks like there is a continued recovery in the sector with 3.5% gains. No Monday financial RNS which will have put a few iis in bullish mood.And Easy J recovering remarkably well form it's RI still. Everything chuggin along nicely.

What could possibly go wrong...........

You would have thought the just in time system would have been dumped after the pandemic, tsunamis, border control, Suez blockage etc... but it is such a macho thing, who can hold the smallest stock. A lot of the world's problems can be traced back to just in time. Why is PCR still required? No stock of lateral flow!!! An entire industry restart dragged back and delayed. When I am your prime minister, I will actually introduce a law requiring a degree of buffering of stock. Remember, you have only got one election left to put me in Downing St before there is complete collapse of society.

"Changes in testing requirements
UK Transport Secretary Grant Shapps explained why the switch to PCR tests has been delayed. He told the Transport Select Committee on September 22nd that, “My understanding is that the ramp-up of supply of lateral flow [tests] through the private testing sector has some way to go [since] they have been almost entirely been involved in providing PCR [tests] currently.”

Mr Shapps revealed the delay was down to a question of scale, “We go from a situation where they are providing a low number of thousands [of tests], to probably millions of tests very quickly and need a few weeks to scale up on it,” he said."

I note the expressions " has some way to go" and "a few weeks to scale up". I doubt the PCR test is going to be withdrawn before the end of October now. And since the economy of scale will be lost for PCR the price will probably increase towards the end of October. Dreasfull pre-planning. There are going to be a lot of very angry people expecting to be paying for cheapo lateral flow tests when they book them during the half-term holidays for their return and it ain't gonna happen

A special post for all my critics who tut tutted when I posted about the La Palma volcano and possible knock on effects that may affect aviation - something shareholders in IAG might want to be considering.

https://www.reuters.com/world/europe/red-hot-lava-spews-la-palma-volcano-eruption-intensifies-2021-09-25/

Just a point to add, the wind is now blowing from the South to the North. Currently there is no immediate concern over ash density in the flight paths over Bay of Biscay and UK - but, as Eyjafjallajökull showed in 2010, the ramifications can be significant. If the shift in subsurface geology results in magma chambers expanding under the other islands, then there maybe more and much bigger eruptions. Mount Teide is a remote possibility, there were a cluster of micro tremors in 2019 as seen pre-La Palma, although a lot less. Movement in the magma chamber of one does affect neighbouring vents and potential new vents.

Now La Palma airport has been closed, it does underline that shi.t happens and blindly ramping the hell out of stocks ignoring the 360 of the real world will only lose you money. Form an orderly queue to give me your apologies.

Same with the turbines Nz. Significant costs written-off and maintenance costs are not included. I think so called green energy is calculated using direct costs and most indirect costs let out, such as true cost of land footprint as real estate onshore and shipping for offshore.

The hard sell for EV is about to ramp up massively. They must sell those cars before winter starts and the word of mouth reports spread about the significant drawbacks using EVs in winter. On EV advice, wear warm cloths so you don't use the heater!

During the intense bombardment of equivalent efficiencies with EV, one variable you will hear repeatedly is fossil fuel cars have to add the energy used to drill oil wells and process the oil. The first omission is that Lithium mining is a constant digging and scraping of the earth compared to the single drill stack for a month or so for most oil wells. Then, the use of plastics and petroleum derived synthetics, including the tyres, in EV cars should mean part of the oil exploration and extraction should be included in the EV calculations - it never is!

And I will repeat again to all the people wondering what that has got to do with the price of IAG shares? IAG is an airline business. Airlines are target number 1 by the more zealous environmentalists. The environmentalists have a completely free hand spreading false science, false data, false statistics and suppressing all counter argument. What chance does aviation have? The answer is not good. There will be no future for privately owned airlines unless there is a major awakening amongst the general population to stand up and fight back against the zealots. You're going to be significantly limited with personal transport, many people will never be able to run EVs [replacement battery costs] and flying will regress back to the jet set days as a once in a few years special trip on a limited number of flag carriers [state supported]. It is just on the horizon all of this. You have literally ONE election between now and eco doomsday. With luck, there will be new political movement that returns some rationality back to the issues. Use your vote wisely next time round.

The tankers are not needed, it is the drivers. No idea how many drivers there are at, say, Heathrow. Retraining would be straight forward. It may not come around, not in the UK at least. In europe it may be a different matter. It remains to be seen if the EU driver shortages impact aviation. But ya gotta keep the 360.