Roundtable Discussion; The Future of Mineral Sands. Watch the video here.
UK,
If this is true, this won't potentially help aviation stocks in the next 3 weeks. That and coupled with Trumps comments might not make a pretty day for the travel sector tomorrow. Royal Caribbean was up 7% before trump tweeted and now its only up 1%.
From a shares website on 20th Sept:
The collapse of the International Consolidated Airlines Group (LSE: IAG) share price this week was not due to a fresh round of bad news from the firm.
What happened is that on 14 September, shares in the owner of British Airways started to trade without the rights needed to take part in IAG’s €2.75bn equity fundraising. The price we’re seeing now is what the market reckons the stock will be worth after an expected 2.9bn new shares are added to the group’s existing 1.9bn shares.
I "lol" as why else do you think a company would do a rights issue.No offence, I literally spat my Tea out at your comment.
Who knows whats going to happen tomorrow. UAL was up 2% and now after trump spoke its down 3.5%.
Mararab,
Who is "they" ? We aren't talking about retail investors here. The main people investing in the rights issue are well informed financiers, Qatar Airways etc. The RI was fully subscribed so its clear the clever ones know the potential risk/reward here is worth the count.
PMSL, the cash adds to the market cap. You really think that shorts would be closing in recent days if you thought it was going to 45p? You are sort of right but the adjustment was done when it dropped a couple of weeks ago.
The mechanics of the market don't work like that. The shares have already been "paid for" so to speak.
That said, its likely to drop tomorrow anyway with the dow tanking in the last 10 minutes after trump suspended stimulus talks...
Always on the cards in my opinion. Everyone knows Turkey has been fudging their figures for a while. I read a report about a month ago from a hospital executive saying in their hospital alone they were at breaking point and pretty much not far off matching the total country count they were claiming! Its at the end of the summer season so can't seeing it making too much difference in revenue all things considered.
it was yesterdays news but a union rep that works for Easyjet!! Hardly an announcement from someone with credibility. WE all know airlines aren't in great shape anyway. Besides, Easyjet denied it today:
EasyJet said that the recording "does not reflect" the views of the company or Mr Findlay, and that it would be taking a "prudent approach to capacity" over the winter.
In a statement, the company said: "The recording does not reflect what easyJet or its chief financial officer said.
"We have been clear the whole industry has been impacted by the pandemic. However, EasyJet has taken a prudent approach to capacity and the right actions on cash preservation.
"The airline continues to keep all liquidity options under review, but no decisions have been taken.