Roundtable Discussion; The Future of Mineral Sands. Watch the video here.
Nah it won’t. Just like in oil the majors will suck up any emerging small companies to gain control over the green transition, IAG have already been doing it for several years. They can’t move any faster than Airbus or Boeing do. Unless demand is hit due to consumers wanting to have less of a carbon footprint (there is a small amount of that) then not a lot will change.
FTSE is holding IAG down, however since Friday close we’ve had positive;
- Travel list and testing update
- Debunk of RI
- AZ soon to be FDA approved
Only negative was the Pilots union Gatwick issue.
Don’t think many would have expected a red open today
According to HfP pilots union pulled the ballot on the Gatwick deal. Sounds like some promises were made but didn't materialise in the contracts.
https://www.headforpoints.com/2021/09/18/british-airways-may-close-gatwick-short-haul/
This SP has been 220p this year, can't see them announcing a RI at 150p, if it is going to happen it'll most likely be alongside news of transatlantic travel reopening, by which time with all the funds piling in on insider information it'll probably be up at around the £2 mark or higher.
Case numbers don’t matter, all that matters is hospital occupancy (currently under 1% in hospital are covid patients) and deaths, which are currently below 1% of the daily deaths in the U.K.
We don’t keep track of how many people catch the flu every day. 30,000 people die a year from that roughly, which averages to just under 100 a day, although most of them occur in winter.
As long as the government keeps putting money in people’s pockets for sitting at home the support for extending lockdown will be there. Once it stops the attitude towards lockdown will probably change quite rapidly.
Yes in the long run there will need to be details ironed out for those who cannot be vaccinated for health reasons etc. But for the time being getting things moving again this does seem like a sensible way forwards, especially now it has been proven that the vaccine works against the Indian variant.
I think realistically the review on June 28th or July 19th would be a reasonable expectation here. Both countries have a high vaccination rate, case rates are still declining in the US and have stagnated in the U.K. US has a higher death rate per capita but again this is decreasing. By 6 weeks times almost all adults in the U.K. will have been offered a second jab, the US will probably be slightly further ahead. At that point if it is delayed it will purely be for political reasons.
I’m not expecting it to go green on the 7th, however happy to hold in the mean time as it should see a nice spike when it does eventually happen.
I might have read a poorly worded article but I got the impression he was saying early July for the E.U and that he thinks it should be green as soon as possible for the U.K. due to vaccination rates? We have a slightly lower case rate here per capita than the states do and significantly lower deaths per capita. Now it has been proven that the vaccines are effective against the Indian variant there shouldn’t be a whole lot to prevent it other than politics.
My thinking is that the other U.K. competitors for short haul (Ezy, Ryr, Wizz) are all highly reliant on the European market, IAG is more sensitive to transat and right now it looks like transat will be back a decent time before anything substantial in the continent. May benefit the short haul / connecting operation in the long run.
Back in here for a little flip @ 201.90 during market adjustment, sell order in at 217.05. Expecting to see a bit more red before it heads North but seemed like a reasonable price, may adjust to 212.0 / 222.0 depending on what the outlook for May is.
Hope you’ve all been doing well.