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Interesting development...UK planning this too.
https://www.swissinfo.ch/eng/ireland-to-ease-quarantine-from-covid-19-hot-spots-from-nov--29/46154112
Agree with your sentiment. I mentioned similar months ago.
I have been giving some thought to the DM article below.
https://www.thisismoney.co.uk/money/markets/article-8850339/British-Airways-cut-flights-Gatwick-shift-Heathrow.html
I think IAG might have got their strategy right if this article is correct.
I have two european economy, with paid for exit seats, credit notes for future use (up to Apr 22). With next years holidays in mind I have been giving serious consideration to using the vouchers to book business class (club europe) seats and just pay any upgrade difference with cash. Of course I have this years unspent holiday funds to use to against 2021 holidays.
With easyJet and Ryanair not having business (club europe offering) or premium econony cabins (typically longer haul) or business class lounges I believe IAG now have niche offering here. No wonder then they want to expand this area going forward. Exciting.
Serious, thoughtful, on topic, replies most welcome.
I note the share price has risen for the past 7 trading days (12%). Normally a bullish sign, for me, that a share has reached its bottom.
So interesting to see how this goes over next couple of weeks and if anybody out there shares my thought, particularly chartists or otherwise, please share.
Arrive at airport 4 hours before european flight. Spend £5/£50? Take test. Negative. PCR certificate in hand. Board plane, enjoy holiday. Same in reverse. Game changer.
That's why aviation stocks et al are well up over the past two days.
There's decent chance that FR will be added to the list today or tomorrow and sadly for us that are long, unless the fr.gov come out with some postive news on declining numbers soon.
I am out of excuses for airlines now, except for the very major players. A vaccine is the only way out now.
They have been stuck in the low 8's for getting on for a month now. The latest results helped the share price just before that by the dividend being maintained.
A few ugly industries are in the portfolio at present, automotive, travel, gyms and airport support services. So this is a slow burner for the time being unless there is a near term significant take out premium offered to take Action out of the portfolio.
Most of the unknown unknowns are out and so are the shorts. From a notifiable cummulative disclosure of 8.5% at the height to Fridays 3.2%.
£/€3 billion now in hand keeps the propellors turning of course with bookings naturally increasing to support a decreasing cash burn. So upward momentum you would think should start to be the new normal.
Easyjet is subject to a lot of day trading, so too is IAG (you know this for sure when there is loads of chat comments on this and other sites), and swings larger than normal can only be expected. Clearly there is more positive news than negative now so slow progress should be made and the current price will find longer term buyers, like me. But you will never buy at the bottom.
Easyjet, IAG and Ryanair will just dominate the european airspace for the next few years just like when we came out of the financial crisis and with new entrees being few and far between.
Looking around for the holy grail of growth stocks and even better coupled with future dividend payers in the FTSE 100.
Struggling badly until I realised IAG and EZJ were the only two and staring at me right in the face and better still I already owned them! Zero revenue now but previously £25.5b & £6.5b respectively and chunky dividends. These stocks are a major buy. What more growth do you want!
There is further upside here. IFA's and the like will likely be steering clients in to this and any remaining FTSE 100 divi payers. The results today add further weight.
On an aside, I look forward to 3i Group's results Thursday particularly on the dividend. The Directors were loading up just before the close period at the end of March.
Quarantine. Turned out to only be a speculative rumour with Johnson softening and coming out with 'soon be the time' comment then France dodging the his potential rule! Vague and more likely not to happen altogether now (or only for very high risk countries) as we move through the rapid unlockdown phases.
The conference call this morning with the aviation industry hierarchy must have put the boot in for this condition. Thankfully.
A number of countries are already doing the quarintine inward rule and this was first touted for the UK about 10 days ago. Not ideal and hard to police but it will put tourists and business travellers off of course. The devil will be in the detail if the rumour turns out to be true.
We are getting to the end point on negative news thankfully and it becomes all about the airline and its partners to implement strategies and procedures that get people to the airport and planes in the air. Same as 9-11, SARS etc...
When he sold in April it affected the US airlines by about 10%. The UK stocks were down 3/4% with the market. He is doing what investors do in effectively applying his stop loss and moving on.
Remember that he would still be in had it not been for the pandemic and he has had to explain a $50 billion loss to shareholders and what he is doing about it.
As someone earlier stated he has sold at a loss on a large number of companies that he did not call right but some of those companies are now doing well (pre pandemic).
There is subliminal messages in every statement.
Saying also that LGW might not be for them in future gets the ball rolling with LGW's owners regarding fees and all the other operators suppying to IAG at that airport plus all the internal/external airport staff start getting worried...
Frequent traveller I note that IAG have significantly raised their prices for Aug and Sept for travel to France in the last day or two. Not sure about other routes. Must be expecting the pent up demand to be released around this time.
Easyjet have scrapped their promotion of £0.99 per hold bag and increased the charges significantly for a return trip 23kg hold bag which to Malaga is a whopping £60.00.
Good call.
The cumulative shorts position (above 0.5%) have been about the same for the past 3 weeks this before the latest trading statement and after.
All the knowns are known now except the unknowns hence the shorts position. It is all about positive/negative news now on the pandemic and the pace of recovery which will determine the share price direction.
All gone quiet at IAG.
Could be five weeks without a peep. Last official statement 2nd April. Next scheduled statement 7th May (Q1R, current, forward and outlook). Not banging on the government door every other day pleading poverty and upsetting Sunak. Keeping your head down. See how Virgin gets on with the begging bowl. Learn from Easyjet'scurrent position and shananigans. Attend funeral of Norwegian.
Professional.