Long Term good buy1 Sep 2012 09:29
Hi, I hold this stock recently topping up at 1.42p a share. There is lots of restructing going on within the company but in the long run, I fundamentally believe this will be a shining star, being one of the last groups to form, Wille Walsh is learning from what others have done and will benefit from the experience. IAG paid less than the £172 million as it had to dispose of two airlines within the BMI group. Gaining a large share of additional slots at one of the worlds key trading international cities and also at a very congested airport was a pure master stroke. Many new exciting routes will be planned and with the focus back on the customer, new aircraft arriving of the next few years, I firmly believe this share will be back around the £3.00 mark in no time. It won't happen overnight, especially with the high taxes and fuel prices, but the group will continue to grow and once the old working practises have been stripped from Iberia like in BA, then this share will truely fly!!