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Annuity rates have rocketed since then, because 15 year guilt rates have climbed, this means that the funds will need much less capital to pay out pensions, so they normally spread excesses and deficits over a long period, to smooth the accounts and allow for this, but we could see a material reduction of BA pension deficit because of guilts return rates in particular 15 year rates.
At least we are getting dividends o wait..... lol
Yes it is not that simple for instance inflation, this year alone adds 10% or so, but it is food for thought.
Anywhere near £2 would be a good place right now as debt is cleared down, £3 in 12-18 mths time.
I have talking about owners not renters...
Who owns 34.9%?
You really have not fixed anything as I don't think the majority of occupiers renters are the demographic that fly business class, but the owners of those properties.....
My stats were about owners not renters....
BR
Only about 37.5% of home owners have a mortgage/loan, that leaves 62.5% who don't...
£2.4 is the target
£2.00 to £2.4 is the range we are looking for recovery as it equivalent to £5.00 to £6.00 then 2018/2019.
And of course you can if you take into account shares issued.
Just take the pre pandemic price and divide by 0.4 or multiple the current share price price by 2.5 will give you the approximate answer. Vs pre issue price.
Buy backs was 27m and 15m shares just not material.
About 5.0b in issue now give or take the buy backs were not big.
2.9b new shares issued 2020 taking total to 5b shares.
Means the current share price is = to 3.75 in 2019... there's the issue.
Target £2.40 ie about £6.00 pre corvid.
Not really relevant to how I do things Zag, only number of shares now vs what I think the company should/could be worth.
It will more than likely massively over shoot a sensible valuation due to investors actions short term, like last time.
It got to .65p with no money to do anything and no method of extraction.
I think proven method of extraction and or JV announcements are worth a lot more then last times jumps.
But what do i know.... DYOR... as they say.