Member Info for Crossley

I'm curious how much further buy backs IAG would have to do to get back to pre rights?

See history here…

Crossley

Posted in: IAG

RE: Buy backs 20 Jan 2025 21:12

I’d rather they pursued buybacks over dividend myself, particularly, if IAG are bullish at results

Morning all, & morning Sean,

Thanks for that. Ah, one of those!

Interest rate cut should be baked in already. 92% chance of a cut, apparently. Yeah, results look good to me. Plenty in the bank. Was happy with the update. Was a little underwhelmed by the presentation if I’m honest. A lot of, wait and see how the year pans out. Or, that’s how I heard it.

With 563m in the bank, 113m less than this time last year, dividend looks well covered, if that’s what they want to do. The only thing I have as a slight negative, is the lack of land buying last year. ( -7k plots on the books). The last figures I can find is half time last year, when the land buying accounted for 13.7% of the cost price per plot. They’ll have to address that at some point, which will be costly to replenish at built rates. I personally, and it may not go down to well here? wouldn’t mind if they drop the dividend to the “or 250 million” option. It’s still 7p, or 5.8%, on the weekend close price and sector leading. Would conserve cash, and keep some extra in the bank (96m) to potentially replace some of that land. Can see things being more costly to build and run towards mid year.

Still happy with my TW & BWY holdings in this sector. See how it goes.

Great weekend to TW holders

Evening Nathan,

Why might you think the dividend might be cut or cancelled altogether. If indeed that is the case?

Iag,

The link you kindly provided. I sold some IAG shares at £7.47 back in 2018. And they’d dropped a bit when I sold. That was in uk pounds. The link you provided has no relevance or indication to that sale/ valuation. I wish I could upload a photo of that transaction as proof. Any explanation for that against your data. You must be careful of historical data. Particularly on companies that have had rights issues. I know this is factual, as having worked, and looked at share prices for Rolls Royce everyday since they became a PLC again in 1987. I know for a fact RR’s highest valuation was Jan 2014. Look at historical graph and it is totally inaccurate. Historically graphs have RR as a 2010 high. The sharesave that concluded in 2010 didn’t provide me with a down payment on an additional house. The one that finished at the end of 2013 did though.

£7.47 X 1,992,032,634 =£14.8805 billion?

Iag,

Don’t worry about my research my friend,

Just wanted to know where the source came from.

Thanks for the response IAG,

And where are you plucking this info from please?..

2024 was the company's highest ever market cap, outpacing 2019 by +37%.

Nice to see you two not having your personal arguments, so far. May I ask IAGlong, why do you say this and on what grounds please?…

Market Cap is too high now

Not me, I take it you already might have read this?…

Hi, here is something I thought you might find interesting: - https://uk.investing.com/news/stock-market-news/airtel-africa-stock-soars-on-strong-3q-revenue-93CH-3898000

Https://www.independent.co.uk/money/isa-millionaires-hargreaves-lansdown-investing-shares-stocks-b2688190.html

Not sure about this bit….

Wizz Air was one carrier that tumbled, however. Shares slumped 7.8%. It expects annual net income between EUR250 million and EUR300 million, the guidance chopped from the EUR350 million and EUR450 million range. The latest forecast excludes any unrealised foreign exchange losses.

Reported net profit in the range of EUR125 million to EUR175 million is expected at current exchange rates.

Try this 2227:

https://simplywall.st/stocks/gb/transportation/lse-ezj/easyjet-shares/news/with-72-ownership-of-the-shares-easyjet-plc-lonezj-is-heavil

IAGlongtermalthoughnotanylonger,

It doesn’t look like either of you are going to pack it in? In the absence of that,

Maybe make it a level playing field, and state where your investments are? Anyone can say, I’ve made 5% today after all. It counts for nothing if you just pluck a number out of the air without backing it up?

I’d rather you both packed it in but well, it’s probably not happening

Let’s hope so Armani,

Crossley.....Wow young twins. I know too well the expensive.

Glad I bagged those TW & BWY on the 14th. BWY + 19%.

Should help a bit, for now at least

Then there’s this. More expense to drown this country…

https://apple.news/ApvrDV1IzSxOAnuz5VBAUow

Armani,

I do not blame you. If I hadn’t two ten year old twins, I’d be long gone. Nothing to keep me here but their schooling. Been told to even miss my partner out and leave my drawdown straight to the kids, as we aren’t married. Ridiculous!

Denby,

Bond rates are up, so it’s not that. Rate reduction should be baked in already. Maybe, and this is only my best guess, and as PSN is having a good run, this info that came out on the 23rd may be still having some traction behind it? PSN at the time was about £12.05. And, after all PSN would have the most to gain?…..

In a research note, RBC Capital Markets noted the UK Government has entered into a contract with market research firm Verian to evaluate the Help to Buy scheme.

At Help to Buy's previous peak we believe that around half of the housebuilders' private volumes were sold through Help to Buy.

Thoughts?

Another 0.92% gone

FF,

Near M1 junction 22.

Couldn’t remember the pub name, had to look it up on Wiki. If you click on history it even mentions the Afghan racing.

https://en.wikipedia.org/wiki/Coalville_Greyhound_Stadium

On the futures, a little trick. Have a look just before 8am and see where the value was a 4:30pm the previous day. You could see the FTSE would rise 10-20points?

See NVIDIA is up 5.5% in pre market at the moment

Denby,

There’s a 92% chance of a drop. It’s almost a certainty. It’s what happens after that’s the problem

Hey FF,

Don’t do tips!

Back in the mid eighties, when I was I young lad of 17, I used to train greyhounds. The owner, was a chap called Doug Kenney. A lot of his dogs were called Geekay something. His lads initials. Used to race at Derby and Nottingham twice a week. Went over to Ireland regularly, to buy the dags with him. We would time trial them at a dodgy local pub that had a track at the back, Flapping tracks they were called back then. I’ve even seen Afghan racing there before. They were the days. Loved it but had to get a better paid job