Member Info for big-blue

https://www.find-travel-test-provider.service.gov.uk/test-type/amber

Scroll down a little, here are where the cheap tests are. Critically, if you are not having to isolate that means you can travel to a test swap centre. That means you can get the test cheaper than a Ryanair ticket. Now that is a game changer. This web site needs to be well publicised.

Break even by lunch time, no more no less. Nobody trusts that there isn't some sting in the tail somewhere or there will be a sudden change. Gove is still in government! When Gove is kicked out, then you'll see a spike!

More info on the testing costs, looks like there will be better info and access to cheaper tests. Again, THAT is the game changer. Market is reasonably happy with news, but not a great response. It's gone green but not much up given the dip yesterday.

31st July - date to revise the testing requirements, NO END TO PCR until then! So booking for August might mean no PCR requirement by then. THAT is the game changer news. It's the testing stupid!

"but give t a couple f hours and by lunch time might be back to break even."

Was a bit obvious - to the day traders who bought at 170's, nice one son!

Minister claims the PCR test can be obtained for 'a tenner'. Huh? Where?

Transatlantic travel still in the long grass, weekly meetings.

Jaw dropping response!

This is probably the biggest single policy change on travelling to date. It should be a mega positive day. Look at the market reaction.

Nobody trusts what is being said, since experience shows they can change on a whim.

If I was a government minister, would know about a major change that significantly increases the travel opportunity for people, I would be expecting a major positive boost for the sector as reflected in the sector share prices.

Instead I look and find business in the sector are down a few points. I ask my Sir Humphry what has happened,

"Well minister, you see over the past 6 months the government have put out many hopeful statements for a return to free travel only to suddenly U-turn without any apparent reason. Tens of thousand of people who followed those statements, and indeed policies minister, then found themselves desperately making emergency repatriation plans to the UK on a number of occasions. Hundreds of thousands more have had to cancel and abandon bookings several times over. You see minister, nobody believes a word the government says any more and instead anticipate another policy shift full of lies, deceit and simply don't trust any of you any more."

"Don't trust ME Sir Humphry?"

"Yes minister!"

Is that not Harry Potters little treasure trove? I think the chances of Potter waving a magic wand and fixing everything is a bit remote.

Overnight orders cleared, prices bobbing around b/e - think that is a Lufthansa effect. Market simply doesn't trust speculation on new policy - what little caveat will be slipped in so the apparat change for good is actually a negative? All shall be revealed.

Lufthansa bond issue may also be spooking a few. We need a cash flow statement from IAG.

"Will the market trust the announcement? Based on past sabotage of opening up travel I won't expect a big, big opening spike, but as we get closer and the details are cast in stone, 3 steps forward 1 step back for the next couple of weeks."
I'm not surprised at the opening prices, but give t a couple f hours and by lunch time might be back to break even. This is going to be a case of seeing is believing with the policy. Get rid of Gove for market confidence that the policy won't be suddenly reversed.

Will the market trust the announcement? Based on past sabotage of opening up travel I won't expect a big, big opening spike, but as we get closer and the details are cast in stone, 3 steps forward 1 step back for the next couple of weeks. US is on the amber list so all eyes for IAG holders on what the yanks say, meanwhile other airline holders should be looking at a profit take opportunity. I don't mind if I miss the switcheroo from Easy J to IAG as it is all about the % gain on the money pot rather than sentimental attachment. But the compound effect from one to the other would be great.

The travel sector pull back today is because the self-isolation policy is being extended into August and it is assumed this is going to be the case for the amber list, despite double jabs, based on the previous experience of this government sabotaging every attempt to move forward and open up the travel sector. Seeing that there is still a load of stupid barriers being put up to restrict free movement to the last possible second has left the market completely distrustful of what the government says. If you lose the confidence of the market, all sorts of crash and correction horrors can follow, including a run on the pound. Government is putting out a hell of a lot of confusing messages, they are playing with fire with markets already covid jittery. The internal war between lockdown and open up continues within Downing St. I have always said Gove is the problem and which Han**** gone, we still have the same problem and so it is, by elimination, Gove and his stupid idiot nudge theory crap. Boris should have reshuffled weeks ago and got rid of Gove and his team. Laughing stock of the world now.

Nzonze. Mining stocks? Ouch! Maybe 1% of your portfolio instead of a weekly lottery ticket. Those stocks are worked hard by the boiler room brigade. Keep a very close eye on the spread size and trading volume. Some very sophisticated cartels are adept at routing pi cash into their back pockets. Beware.

"The government have issued the following!!!

The UK government is getting worried that men's ***** are getting smaller!
To find out how great the problem is they have asked all men with a ***** of 3" or less to put a white flag with a red cross on their car!!!"

That was from Ireland wasn't it, asking men to put the St Patrick's Saltire out?

The news ling below about Baron's technical note. I noted in the story this sentence,
"Third, Barrons noted that the decision by Norwegian Air Shuttle to suspend the transatlantic trips will benefit IAG."

Now I have posted before my belief that Norwegian may come back once the travel demand rapidly outstrips supply. I doubt that the use of the word 'suspend' is a slip. I am still not aware of the slots being sold to anyone and they have been flying the large planes on short haul, was that to keep them well serviced ready for a reentry to the market?

For IAG, [BA], they need bottom shelf economy pack products to motivate some buyers to up-sell themselves into higher premium brackets. It is the basic psychology of selling.

Best trolly dollies I have come across was with Spirit in the states [yes, budget Spirit!]. They basically didn't take any crap from anybody and the service speed and turnaround was so much better because of that. As they say during the safety announcement, "this is a no smoking and no whinging flight so save your grummpies until you exit your destination airport. Thhhhaaaaank QU!"

Going down? I would describe it as a halted increase. I think the detail in the ending of lockdown that self-isolation will be required to continue into August may be the problem. It shows that full end of lockdown isn't going to happen and therefore July 19th is less likely to be an end to travel lockdowns. For me, by far, the bigger variable is the testing of travellers which from I can see anything of any use being derived. If we are going to live with covid, the testing at airports of travellers becomes redundant - but no sign of that being ditched.