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They should pay off debt with some of the cash, as they have a Debt PR problem with the share.
Shares values are not just about the bottom line profitability and don't get whay they would buy more airlines at this time, focus on maximising what they have and make the legacy overdue IT infrastruce investments. The scale of this investment is far too big trying to fix a complex IT system with one massive project is a massive mistake as they go wrong.
Start by fixing the Websites and customer buying experiance as the BA website is woefull to use for instance, this would bring imdiate benfits and improve the companies image. It really would not costs much to fix.
If it makes you feel any better, i sold my 350,000 shares in RR at £1.80 ....to buy IAG at about 1.60 .....
If i have stayed the course i would be over £600k better off , but at £1.80 I made a tidy profit anyway and i have enough @58 to retire in comfort in the next 12 mths. So i dont feel too bad tbh.
And around £750 to 800k in Pensions / Investments / savings is the magic number for rertirement I agree as a single person.
Around 3K in month take home is doable indefinatly on that invested, using ISA's / Peension / Interest you know your state pension is coming so it really does not need to increase each year and as you get older 70+ you will spend less.
At least that is my plan! lol
I did the divroce movement 6 years back a seismic financial shock at 52... But out the otherside now, with a beautiful, gentle, kind GF, we travel and scuba dive around the world. I generally live modestly and want for nothing.
To be fair i made the vast majority of my money in the last 5 years Invest_na, but was only able too due to by being disappointed for the last 20 years. As i had no stupid car loans etc .... But focused on living within my means and saving what i could, so when my income shot up in 2022 and 2023, temporaly i was able to put loads in my pension get it invested and take avantage of the bull market.
I am just winding down my business and will tresting "retirement" in the next 12 to 18 mths due in no small part by my gain on RR. Not too shaby to have that choice at 58-59 years old. :)
Enjoy your retirement yourself. :)
Https://www.youtube.com/watch?v=VUjn8u-hRH8
Happiness is a cigar called Hamlet.
I am made a life changing amount on RR and other in the last 2 years, so i can really complain.
I think you need about £800k to be able to retire on £4k a month plus state. So little point in having more tbh.
In the meantime taking you back... Happiness is a cigar called Hamlet.
https://www.youtube.com/watch?v=VUjn8u-hRH8
Just though i would post this for people looking for a massive dividend share in ISAs or nearing retirement. Do the research but this share has paid a high dividend every single year for 15 years and has a 9% current yield.
In the meantime good luck with Syn, i honestly hope this works out for very of the LTH, didsappointed with the chare price reaction after the RNS.
Https://www.selanoil.com/wp-content/uploads/2024/02/Regulation-30-Announcement.pdf
Https://www.selanoil.com/wp-content/uploads/2024/02/Regulation-30-Announcement.pdf
Am i?