Member Info for big-blue

If this was the film Wall St, we would be sending Bud Fox off to hang around Easy Jet's bank's front door to see whether a senior financing team turns up - along with bankers from IAG.

It isn't the film, but I can bet ya there will be telescopes out in the upper floors of the skyscrapers keeping tabs on the movements of bankers, finance directors and whose meeting who. Big money deals are hinted at, IAG is on the prowl, Wizz was on the prowl. Has Easy J sent out a message, 'we are open to offers'?

We also need to bear in mind, who called this meeting. Did the banks drag IAG into the talks, or did IAG initiate the talks. Or, was it already in the diary as a staged review based on the journey out of the pandemic? Was it triggered by freedom day, was it triggered with the expected changes to the travel list situation? Did IAG go on a fishing expedition knowing that the banks will have had talks with the treasury and Bank of England about the path back to normal? Was it in advance of the end of furlough and the costs and financing post furlough? No RI, but what was agreed? Liquidate assets? Which assets? Buy assets? Which assets?

Whilst one of the many options has been kicked into touch, at least on a carefully worded 'emergency' basis, there are a lot of issues to be resolved and especially as long as the cash earning routes of the Atlantic remain limited. We await the outcome of the discussions with the banks. Since it has been announced that there was a meeting and options were discussed, that can not be left hanging in the air where speculation can run rife again. There should be a RNS very soon discussing the outcome of the meeting with the banks which appear to have been concluded now.

JG, the analysts get special private briefings. That system may be questionable. As is revealed, financing issues were being discussed so the analyst was correct in their speculation because one option on the table would have been a RI. Against that, out of all the analysts in the briefing, one makes a public comment. Set that against those that didn't, it could be argued there were weak grounds to derive such a strong probability and hence sell. The company has the defence that no public statement for the whole week was justified on the grounds that saying something would have distorted the market - and frankly if they had confirmed they were in discussions with the banks the sp would be in the 80p zone at least! Should CS have retracted or updated their note? If there had been no further private briefings, no they can't. Otherwise they would be guilty of direct market manipulation without basis.

The big question form a legal point of view was whether Credit Suisse should have mentioned the dirty words in the first place. The analyst briefings are defined in the stock market rules for disclosure and what they say therefore carries weight. The balance of probabilities will rest on whether the isolated broker note was sufficient to mislead. The answer is no. If you followed the broker note and sold, it was your choice. If you decided it was one lone voice and the consensus wasn't for an RI and didn't sell, it was your choice.

Welcome to the wonderful casino of gambling where you are guaranteed to get it wrong more times than right.

Marcus, there were plenty of posts denouncing all RI talk. It is always a gamble when a company goes silent. From the Times report, it could have gone the other way. It might still do!

They may not be tapping shareholders for money, but what about further dilution, debt swaps? What about non-retail share sell?

Those that sold may still have the last laugh. Frankly anything might happen.

https://en.m.wikipedia.org/wiki/Swastika

Go and enlighten yourself.

go look swastika up in a diary before you get all pompous and pias. You have to stretch the yarn some distance to distort it as you are trying to do. Something hss made you very bitter in your time away. The context of my side of the discussion is unmistakably clear. The clarification I, and it is confirmed the city of London too, have been seeking has been made.

Did you open a spread TP? Is that why you have suddenly become bitter enough to dismiss 99% of the postings leaving isolated fragments to use? Very disappointed.

selective editing like that, really not your style TP. Are you a fake?

At some point, as qualified in dozens of posts, no comment or denial from the company increased the probability day by day as it indicated they couldn't deny it because they were in discussion. That has been confirmed. And as another has already posted, the game isn't over yet.

No 'emergency' tapping of investors. The speculation has been answered. Now, how are they expected to pay fir further acquisitions?

Very poor post TP, we expect better from you. I have repeatedly said IAG should be responding to the rumour, which turns out to have been rife in the city. The longer they say nothing, the more probable the RI is. I said clearly the silence can mean they are discussing it, that is confirmed they have been in discussion about options with bank. How many posts have I used the 'if'? Many. I was right there was a discussion, I was right there was real speculation, I was right they had to answer it.

And for the record, I post tonight, the expression is no 'emergency' RI immediately. I stand full square by my comments yhat have completely justified.

Well, Boris and Biden after shafting the French and EU. It was one hell of kick in the teeth. A reminder, shi.t happens and when you least expect it.

It's going to be fantastic few weeks, the fan is niw on full speed, the guard off and there are buckets full of the brown stuff lined up waiting. We just need now a prominent broadcaster to look into the lens on a live broadcast with no delay and state the truth that climate change is a major fraud and that..... oh, screens gone blank.

I note the careful use of 'emergency'. They were under significant pressure, in city not just from me lol, to say something. This is a carefully worded and set out 'interview' [read me these questions, in this order, no follow ups]. Will require some careful reading between the lines. At lot of changes are on the horizon, insolvency, merger, buy-outs, ri, ir, sabotage. Small fish eating big fish, nrw alliance's, code shares falling apart, new ones forming. It's going to be windy on those markets, forget crab landings, its going to be crab trading!

Which poster recently said there was no trouble down under?
https://www.thesun.co.uk/news/16174813/covid-anti-lockdown-protesters-confronted-by-cops-australia/

I'm very happy for everybody by the way. No RI, or more accurately, no 'emergency' tapping of investors.

Been around for a while! How about tapping shareholders for funds to buy Easy J, or others? You've got to get this past the EU commission!!! IAG has the British flag carrier in its stable! Those planes don't have the EU blue swastika on the tail! And as we have just seen - events can change in a very significant manner in a very short space of time.

I'll take it as read that there is no immediate rights issue for normal operations. There might be mergers on the way, but I very much doubt Easy J is in such trouble that it needs IAG to save it. I would put my money on a smaller airline like Wizz.

But, what would I know. 100% wrong all the time, all day every day. I will put a fiver down there will be an IAG RNS first half of next week aimed at clearing the air.

burnt JG? BURNT?

It's going to be fecking inferno!

Can't wait to hear the chartists claiming the 10% rise on Monday was 'bloody obvious, just look at the candlestick crossing the blue crayon', lol.

"- In response to speculation that IAG might buy easyJet, it is described as one of several airlines "on the radar"."

So I might get my switcheroo with a share swap - no broker fees. Makes the decision on what to do with my Easy J RI more interesting. Will IAG be very generous to make an nice easy trouble free acquisition? Or play hard ball and risk a delicate balance with a shareholder vote at Easy J. Where will the Stelios family place their vote?????

DO you IAG lovers WANT Easy J in the stable. We are rough and ready stallions you know. Your sweet innocent short haul mares might find us a bit too much, lol.

Credit Suisse have some explaining to do. WHy did they publish such an incendiary broker note?

Slapped wrists? Invites to next private briefing? Maybe not?

"New news might change that in a breath. O would love to rule the bb spotting, posting it, and stuffing it down everybodies throught!"

My computer hadn't update the comment just before I posted. In a breath, in a breath, new news might change it in a breath.

Actually livestock beat me and raffles. But I have called it right despite being nailed to the cross and having a spear stabbed in my side.

and, and, and ......

Read back through my comments and I said repeatedly no comment means they were in the process of looking at a deal. That is confirmed. They HAVE been exploring options with the banks. That is why they haven't made any public comment so I have been BANG on all the way through. IAG has some sort of agreement with the banks. No RI, but there have been discussions so lets see.

On Friday, buy in the hope there was no RI - watch it fly. Sell to avoid dilution - lucky escape.

It is the investment lottery.

Winners and losers.