Member Info for coolebenji

Todays Grant Shapps tweet:

Rt Hon Grant Shapps MP
@grantshapps
12h
A green submarine & electric chargepoint on an offshore wind turbine - just two of the winners I'll be announcing as part of a £23m clean maritime competition

..while the travel industry needs the transports secretary's full attention, yesterday he revise the highway code and today he is promoting charging points for submarines...
...this is the man who has been unable to implement the use of electric scooters..!

..there's a finger up to the shorter...

travel review still expected today or tomorrow, with tour operators hoping the Maldives and Turkey will come off the red list...

1:30pm (ET)
The President hosts a meeting with business leaders and CEOs on the COVID-19 response

..l wonder if international travel will be brought up..!

"I hope so Paddyboy1 and its the main reason I didn't sell."
..likewise, thank you

the semantics:
“increasing rights issue risk” - does not mean it is likely
"*believe* IAG has about four more years of cash-burn coverage
and thus *should not need* to raise equity this year." - belief in 4 years and a statement of fact for this year

those Journos.. as you know you can spin a story in any direction that best suits...

from what l know a company will generally not give an RNS to address the share price as it shows panic/fear/weakness, or maybe just plain interference...!

not needing a rights issue will show real fundament strength... was it not Barclays that famously did not take government help and outperformed the banking sector..!

Credit Suisse analysts believe IAG has about four more years of cash-burn coverage and thus should not need to raise equity this year.

https://www.ig.com/uk/news-and-trade-ideas/why-are-iag-shares-falling--210915

140p also equals Fibonacci 61.8% retracement... from October's low to the March high...

it is not marked but you will see the symmetrical Triangle here and the last low in that formation...
https://twitter.com/coolebenji/status/1429028248655212545/photo/1

The low of February month 141.30, yesterdays low 141.56..
February's low was before International Flight was announced and sits pretty much in the middle of the Symmetrical Triangle range formation..

I would like to hear from @paddyboy1 again..!

l saw this earlier and was trying to work out what it meant..
Javid referred several times that they would have to wait for Grant Shapps to make a statement in the Commons, so looking at this tweet it does look like there will be an announcement Thursday, possibly tomorrow, so it will probably be the changes in countries travel status and it could include PCR test changes to possible lateral flow test for vaccinated passengers, and October will be the change to the traffic light system itself, possibly...

Paul Charles
@PPaulCharles
2h
We should get an announcement on Thursday. Of course it should have been announced last May.
@ThePCAgency @BBCNews
"Javid: Those who want PCR tes removed for travel 'will be pleased'

A quick rewind to the Commons a little earlier
when the health secretary was saying there would
be an update on rules for international travel
ahead of a formal review point on 1 October - and
he suggested PCR tests for fully vaccinated
travellers would be scrapped in favour of cheaper latereal flow tests.

Asked by Conservative MP Hew Merriman
whether he would consider moving to lateral flow
test instead, Javid said: "l don't want to pre-empt
the statement by the transport secretary but l
believe that when he makes that statement, he
[Merriman] will be please."

...obviously the government aren't letting on to something after building up the expectation over the weekend...

BUZZ – British Airways owner falls as Exane downgrades to 'neutral', cuts PT to Street low
10:17
* Shares of British airways owner IAG down 2.2% at 145p; stock is third-biggest pct loser in FTSE 100 index
* Exane BNP Paribas downgrades ICAG stock rating to "neutral" from "outperform" and cuts PT by 80p to 170p, lowest among 18 analysts covering the stock
* Exane says despite IAG's strong brand portfolio, the delayed full lifting of market restrictions, notably UK and EU outbound to the United States, will result in high cash burn, with FY22 earnings down by 29%
* Adds that slow fully opening of Asia Pacific and LatAm markets would soon dwindle group's liquidity, forcing a top-up to support minimum gross cash requirement and ultimately drive down leverage
* Exane sees airlines sector as challenged long-term due to incremental cost headwinds, including emission reductions
* Brokerage says biggest indirect concern for IAG is reduction in business travel as major corporations looks to reduce group emissions
* Britain's travel sector is bracing for a new wave of job cuts, industry trade body warned as travel companies slammed UK's travel rules as overly expensive and complicated, and blame them for a second lost summer of holiday trade in 2021...
* As of last close, stock down 7.2% YTD

Found it...

IAG : Exane BNP Paribas cuts target price to 170p from 250p

https://news.sky.com/story/covid-19-face-masks-vaccine-passports-and-last-resort-lockdowns-in-plan-b-for-winter-12407841

Savid Javid, at the weekend ruled out vaccine passports, but it has now not been ruled out as a plan B..
.. the tone of the winter plan l think is quite different to what many were expecting with hints of an easing of restrictions...

don't listen to the shorters, they know nothing...

breaking news:
Rt Hon Grant Shapps MP
@grantshapps
1h
Today we've published updates to the Highway Code to include clearer guidance on using motorways & high-speed roads.

...
well whoopi doo..

looks like the 1st..
Javid disappointed the industry after speculation he would use a statement in parliament to lift PCR test requirements and make changes to the traffic lights system.
https://www.ttgmedia.com/news/news/government-confirms-travel-update-now-1-october-30438

Health Secretary Sajid Javid says the booster programme will begin next week..
.. being announced in the house of commons at the moment..

..do you think there should be an RNS..!

no harm meant..