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I feel all your pain guys... I don't think I will ever invest in India again it just too hard to get things done in a timely manner.
I am blessed to be one of the very few who made a profit out of Oilex / Synergia in the end, but nothing like the promised timeframe or potential returns and it took the best part of 10 years!
So larger holders and LTH needs to just hang in there and get out if the oppotunity arises, as I choose too, because this share is not liquid and you can get stuck in it if your not careful.
And Gordon, I am on my path to retirement now which was always the aim, i beat my retirment pot goal much quicker than i though i could. So i am off to Balli on Staurday for weeks touring and a weeks scuba diving while i still can! lol
Be lucky all out you.
Https://poundf.co.uk/iag
Its only going up.
Https://www.alphaspread.com/security/lse/iag/analyst-estimates
We just need a run of no more global bad news!
You can see how fast this recovered, it wants to be much higher and is solid at these levels with the wars going on, big debt, inflation and high fuel prices.
Just becuse Hitler gased 6m jews, does not give Iseral a free pass to do what ever it likes.
Only a political two state solution has any chance of working, but zelots on all sides refuse to be resonable.
It like school yard politics, with too many absolutley insane actions and reactions, countries are a not person with uncontolled emotions, cool heads need to find a way through this.
@retirment-Plan
I feel you pain I am £60k down in 48 hours ouch .... with retirement only 6-18mths away.
I have started some derisking so it could have been worse, but still took big hits on Aviva / IAG / Lloyds my three biggest holdings by some way!
Wow what an over reaction to 23p Ex div date... lol Note for next year though an easy 5%. :P
No dividends yet.
No Share buy back scheme.
War in Ukaraine on going.
Gaza cessfire not there yet.
Around 2.40 is the pre covid level taking into account dilution and it is beating those figfures, but has more debt, this has a way to run yet IMHO.
Share prices are normally ahead of the compnay performace, as you are betting on the future.
Https://www.gov.uk/capital-gains-tax/losses
Yes and I am a chartered accountant.
bhaveen.
i did the same, looked for a covid recovery stocks and followed them, i really did not do more than look at the forecasts , precovid share price and dilution to get to a 2.4 share price on post covid recovery.
quite clearly the busineses is performing at that lebvel know, and normally the stock price beats it there, as you need to be in early to get the gain. so only once in i have done more digging thinking way is that is not moveing.
the biggest thing i have found it the company just does not have a clear stratergy on how it going to make money. it seems to just use vague terms like maximise customer experiance.... which is just bull**** as far a a bp is conserned.
at the sametime, my retirement date has moved forward more than i expected so i find myself in this slow moveing stock , that i am sure will recover, but neeeding to start thinking much harder about adressing my portfolio in income baring steady stocks for the long term and retirement in the next 12-18mths....
gggrrr
i do think the smt can do more to progress the share price, which it needs to do to for aquistions.. i just dont think it is being run very dynamically at the moment at all. there focus is sustainability / diversity / customer service which would be same for any public body... but they are a compnay not a compnay body...
but i did not look at this until the recovery was not happening, which really is my bad.
Https://www.google.com/search?sca_esv=859d16dfe220efcd&rlz=1C1CHBF_en-GBGB882GB882&q=happiness+is+a+cigar+called+hamlet&tbm=vid&source=lnms&sa=X&ved=2ahUKEwjfhM7gi9GEAxVd9AIHHXqBBvAQ0pQJegQIDBAB&biw=1783&bih=762&dpr=1#fpstate=ive&vld=cid:17fadab8,vid:PKyuistISkY,st:0
.... Enough said after today. lol
IAG’s three strategic imperatives are:
• Strengthening our core;
• Driving earnings growth through asset-light businesses; and
• Operating under a strengthened financial and sustainability framework.
These imperatives are achieved through a series of strategic priorities:
• Growing our portfolio of global leadership positions and strengthening our portfolio of world-class brands and operations;
• Developing IAG Loyalty and leveraging our strategic airline partnerships; and
• Managing our balance sheet, allocating capital in a disciplined manner, and being an industry leader in sustainability.
Debt and capital
The Group monitors leverage using net debt to EBITDA before exceptional items, in addition to closely following measures used by the credit ratings agencies, including those based on total borrowings (gross debt).
In 2019, the Group set a target of net debt to EBITDA before exceptional items below 1.8 times, which broadly corresponded to investment grade with the credit ratings agencies. At its Capital Markets Day in November 2023, the Group confirmed this target remains appropriate.
As at 31 December 2023, net debt to EBITDA before exceptional items had reduced to 1.7 times, compared with 3.1 times in 2022, reflecting the strong recovery in profitability and the related cash generation, with capital expenditure €331 million lower than the previous year.