Member Info for Bluelight

Give it time. 2.5bn is a massive chunk of the current share mcap, which means extreme dilution.

Sources aren't under any legal obligation to withhold information thats of public interest, eg. news agencies. The cynic in me wonders if IAG did it deliberately to prepare people for it. 2.75bn now according the IAG rns. You don't spend all that money assessing a rights issue if you don't want to go ahead with it.

From a more reputable source this time though, Reuters, Bloomberg etc. They tend to have the actual info rather than just speculating. Who knows, could be seen as a positive, but personally I'm not keen on giving them more money for a rights issue when I can just buy it for cheaper when it drops and not be forced to stump up more cash. Each to their own though of course.

Even less interest in buying before results now. So results will be a shocker and there will be a rights issue. Zero point holding until that's out of the way.

Full story below
* 24-Jul-2020 13:37:55 - BA-OWNER IAG TO TAP EQUITY CAPITAL MARKETS BY EARLY SEPT TO RAISE UP TO 2.5 BLN EUROS - SOURCES
British Airways owner to raise up to 2.5 bln euros with share issue -sources - Reuters News

24-Jul-2020 13:43:40HEALTH-CORONAVIRUS/IAG (PIX)

IAG is set to issue shares at the end of the summer in a bid to raise up to 2.5 billion euros ($2.88 billion) to keep
the business afloat and avoid a government bailout, several sources said. International Consolidated Airlines Group is mostlikely to raise capital with a rights issue, where new shares are offered to existing shareholders at a discount, by the beginning of September, two of the sources added. Other options, such as an equity placing and a concurrent issuance of convertible bonds are also being considered, the
sources said. "Being a rescue deal, investors will undoubtedly prefer to have more visibility on air traffic during the summer months," one said. The Anglo-Spanish group, which also owns Iberia and Aer Lingus, renewed a 750 million pound ($955 million) partnership multi-year deal with American Express on Friday. IAG declined to comment. With passenger numbers decimated this year and experts forecasting it will be years before they recover, global airlines began sweeping restructuring processes and in many cases sought state assistance.
The company is working with U.S. investment banks Goldman Sachs and Morgan Stanley and its corporate brokers Barclays and Deutsche Bank on the plan, the sources said, expecting an announcement could coincide with results on July 31. DB and Barclays declined to comment. GS and MS did not respond to a request for comment. IAG reported a first-quarter operating loss before exceptional items of 535 million euros and expects significantly worse losses in the second quarter, reflecting the full extent of travel lockdowns during the pan

And it'll be trump the first to go with the amount of that rubbish he injected into himself...

Not sure what price it closed at today. Looking at the quotes seems 280, but I would have thought 270.

Next resistance above that would be the 365 level, so will be a nice rally when it happens....

Just need to break convincingly through the 300 barrier. Some news or decent contract win should do it, then once that's broken it will rise to find a new range to be messed about in. probably alot of day traders selling at that level, so once its taken out then it will cause a significant rally and 300 will be the new support line.

Read from the Roche results that their testing kits are so massively in demand that some countries are sending military jets to pick them up from them. We must be snowed under in demand and sales, I can't wait for the value to start showing properly.

Looks like a few sold out of the other covids to pile into here, as this rose they fell. I'm in quite a few of them personally as I see plenty of pie to go around, NCYT is however by far my largest holding and also the one I expect the best return from.

On a more serious note, I've been following other covid shares and whilst they've been seeing the stellar rises we are so far missing, none have actually seemed to move much further on regarding getting sales or authorisations in the door. That stands NCYT in good stead for further order and tender growth, if nothing else then purely down to a lack of competition. As baffled as anyone else why this is at this price, doubt it will be for long. Profits must be through the roof.

Tell them they can have mine for £20 a share RB, as much as they like

Wake me when the offer is over 476 :)

It's not going to release anything in a webinar that's not already been released in an RNS, that's not how things work. So much nonsense written on here. We all want the massive gains, but lets be a little realistic eh.

Wouldn't worry about them holding onto news. An RNS has to legally be released if there is info that could have a material impact on price. So we will get it as and when something is confirmed or official. Can't have directors knowing a deals done then sitting on that info so he gets a bigger bonus, that would be borderline insider trading. The news will come as we expect, and we'll all be financially better off for it no doubt.

On that point, did I read the NHS deadline was today? If so do we know when they will release tender outcomes? I am expecting NCYT to get some of that so be interested in when we are likely to hear the outcome.

You'll probably see the opposite later. Some investors will be locking in profits from SNG and looking where to move that for a return. Surprised the others are down today as I thought it would attract more speculative money, maybe later. Day traders will be all over SNG today, so would likely reduce volatility in other covid stocks as they stick to that playground.

We've had Avct, odx cross ramped today. Just need Gdr and we have the full set. Bingo

From the BBC. "The PM is also expected to use a press conference on Friday to commit to a new target for testing capacity.
Under the plans, capacity would be increased to 500,000 coronavirus tests a day by the end of October." So basically this winter we are going to be flat out testing across the world, demand for tests is absoloutely huge and increasing. I'm just waiting for the snap point where the market sees this and piles back into covid stocks again, can't be long now as it's becoming clearer everyday that the demand is surging.