Member Info for bistolover

In future please please listen to bistolover warnings, I am rarely wrong.
https://www.thisismoney.co.uk/money/markets/article-9980907/BA-owner-soon-raise-cash-shareholders.html
I have been warning small private investors that is RI is required for months. Hope a few listened and they saved themselves a few quid to invest in strong companies.

The only reason why IAG has not announced this as yet is they do not know how much to raise. They are waiting for news for when the skys are opened. This could be December, the longer it is left the more that needs to be raised.

I have been warning IAG investors a rights issue is on the way, no-one listened. Easyjet needs more money, why not IAG

management are already on the case to improve ESG credentials of primark. below was from july trading update, look out for this on the 17th september 2021. I don't see this much effort by boohoo management.

ESG
In March 2021, the group held the first in a series of investor events designed to set out our approach to this important topic. This first presentation is available on our website www.abf.co.uk. We will be holding our second event on 17 September with a focus on Primark and its sustainability strategy, reducing its impact on the environment and improving the lives of the people in its supply chain.

IAGLongterm comments " Liquidity stands at 10.2 billion as of Q2 report"

Interesting comment, questions on this.
1. What was the liquidity last october before the rights isse was called. IAG has not made profit since then to have 10.2BN facility, it will be conditional on profit outlook.
2. IAG has net debt of around 12Bn, gross debt of 19BN. How is this borrowing secured, does it depend on company ratings, last year rating agencies put IAG on negative watch, what ill happen to the debt and liquidity if downgraded by rating agencies, more important what will happen to debt costs when downgraded.

this just confirms what i have been saying for a while, that a rights issue is coming, perhaps as soon as September 2021. Furlough ending on September 30, 2021. costs will bite over the autumn/ winter months. Money raised from last September's rights issue would have been depleted through cash burn. Qatar Airways would already have been consulted. Private investors on this board can't say they had not been warned.

House of Fraser Group were down as there was a mandatory shutdown of stores, nothing in it other than that.
Investing in boohoo is high risk with the likes of shein taking rapid market share, they will leave nothing but a few crumbs for the likes of asos and boohoo, then more players will come online as there is very little barriers to entry.

If they had 10bn cash available, assume this was available last year, then why the rights issue last year, what is the cash burn since, how much cash burn in the near future. Near future is all about more cash burn

I have been warning for a while that IAG will need to do another rights issue, my expectation is end of september as they will then know what the debt is after the peak period and how much to request from shareholders deep pockets.

more like a big buyer who is getter more desperate to build the stake, they got the low hanging fruit using fear and breaking stop losses, but now need to go further up the tree as the trading statement was super positive.

WOW Kall. Excellent, so ABF small investors will now also be able to get same expert thoughtful running analysis that greatly helped PFD small investors.

I believe the 5-6% was for 1st half, ceo was not able to guide further than this.

Q2 growth last year over 2019/20 Q2 growth was +8.1%
It is possible to beat this in 2021-2022 Q2, international can play a big part to achieving this.

misread - possible in Q2 if a further lockdown or restrictions imposed, not possible in Q1

guided 5-6% after first 6 weeks sales over 2 years

"Growth over Q2 last year would be a massive achievement…..is that likely ?"

100% unlikely as the company has already guided 5-6% after first 6 weeks sales, likely to beat this as it will be an own goal if not higher.

Are we still on track for rights issue number 2 in September who are the illusionists still think this company is sitting on a mountain of cash. Having to pay towards furlough must be increasing cash burn at a faster rate.

sugar tax story was after yesterday's falls. I suspect just a lot more sellers over a short period time. Hopefully will bounce back to the normal 108 to 109p where there appears to be a big buyer who is mopping up the sold shares.

A lot will now depend on trading update next week. A test for the new CEO to see if he shows his high spending expensive marketing exuberance is working or NOT.

still beating the market, even with is fall. Looks like ASOS must be taking advice from Gavin Darby and blaming weather for underformance.

I am assuming the growth monkeys are not have a fun time after ignoring PFD and indicating it was easy money elsewhere.

I can remember some-one saying they had 40 years experience in investment and can easily make money else where, at the same time waiting for PFD to fall to 70p. Good to het his or her view now.

Good for those who stuck with PFD

A few weeks there were a lot of chatter about PFD going down to 70p and a lots of opportunity in the growth stocks, likes of cineworld was quoted by Luckylurcher I believe, some-one mentioned Greencore.

Great to get feedback from these investments compared to PFD