Member Info for Conger2

IAG is smashing the numbers even more so than RR, yet RR is steaming ahead like a tank.

I just dont get it. They are chunking off debt, passenger numbers are right back and margins are growing.

It is the geo politics that is killing IAG at the moment, with wars in Ukraine and Gazza, and high fuel costs.

I made very good money at £1.80 to be fair about a 100% gain, and as they say it is never wrong to sell for a profit, but it is beginning to smart a bit as my original plan A was to ride RR for another 2.5 years aiming for a £2.5+ exit.

Should of stuck with plan A ...

I sold about £500k of RR at £1.80 to buy IAG... crying now. :P RR just under £3.00. Would be a pension pot millionaire had I stuck with RR...

Dont ever take investment advice from me. :P

I sticking to it's their Christmas party as an elf told me, also it is very near xmas.

The 9th or soon or imminent is a pure speculation.....

The reason why could also be anything...

So to clarify we dont when and we dont know why....

To put this is perspective, I also am going to go to India, you don't know when or why I am going either.

Its probably the Xmas meal, they decided lets all go to India and reward the staffs hard work making all that money for shareholders....

Speculation is at an all time high and still rising, it can only mean one thing.......

I sold out RR at 1.85 to buy in to IAG and since then but for a short shoot up over 170 soon after I did this, it has been nothing but pain. flipping heck, all the number work, I think a big problem is investors looking at debt not net debt. IAG has a massive cash pile and majority of the debt must be at very low fixed rates, hence they are not paying it off.

The real pain though is if I just stuck to RR I be £300k better off at the current share prices, quite a bitter pill to swallow! I will be able to retire once this share recovers to pre pandemic levels which taking into account the extra shares issued is around £2.50 a share.

Such is life I guess...

The JV is long overdue.

Carbon capture has just been distraction from the real job Cambay JV.

I am unimpressed in progress under RW, and the carbon capture project focus as revenues for any of these are years away, and I don't see Synergy being able to deliver a penny of them them with out Cambay sorted.

My feeling is they need to see if they can sell Cambay to a company with much more resources.

It seems to me they have long enough to get this over the line and although they have make progress they keep having dilute the company shareholders at faster rate then the progress. it just not bringing value to the shareholder which the entire point of their jobs.

So take the best offer they have JV and or talk about selling lock stock ans barrel.

Https://www.youtube.com/watch?v=FnpJBkAMk44

Best use of this song tbh.

O boy you are like a rat with bone, I know you could not see the problem which is a problem itself. You're repeating yourself still trying to persuade me yours is the right opinion, I have my position you have yours and that is okay with me.

There was a word missing, I have never liked the current management.

You know exactly what I thought the problem was with what you were saying in August I made it clear at the time, I am not going repeat myself. I just don't feel the need to convince you of my point of view and you are more then welcome to think what you like.

Conger.

I have liked the change in SMT look at my back messages.

I though Joe was getting it done with the right focus.

Underwhelming RNS..

Causing an amazing increase in posting volume on this site...

Good job SMT..

They paid off off over £2B 20% of their net debt in 3 mths! now that is astounding just WOW!

The majority of this low price is caused by irrational investor reaction to the current wars in the world and the perceived risk they are bringing.

The rest is caused by economic forecast being shoved down our throats days after day, saying we are all doomed.

Fuel is Hedged....

Debt is not astounding at all.

Most of the planes are on finance leases, to match cash flow, but the whole of the lease liability is in the B/S debt, this basic accountancy.

Net debt is failing NET debt is much more important, all the debt they have is at tiny rates and or hedged off.

FUEL costs Down.

Overheads Down.

25% EPS just wow, that means a PE ratio of 4 yes FOUR, unbelievable at this share price.

Keep turning in figures like this and this is 300p share.

Https://finance.yahoo.com/news/ge-raises-2023-profit-forecast-100449275.html?guccounter=1