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£2.30 will recoup legacy losses for me however given the price of this SP three years ago - cant help but think an SP of 2.50 will be just a stop over enroute to £3.50... The board are obviously confident with revenue levels going forward, otherwise the generous employment settlement would not have been agreed. A progressive debt repayment programme is well under way now and numbers have been agreed with the pension trustee over a divi payment. The worst of the marcos are behind us - I am confident Q4 and 2024 will be good years. Selling at £2.20 will be a regrettable for those that do (unless £ needed in the moment) DYOR
I agree, I am pleasantly surprised by Fridays results - a lot better than expected.... So my money is on North not South this week and I think 1.75 a stronger possibility noting this is new ground for this year. £2 by Q4 as Ive always maintained. Bailey wont raise interest rates - you heard it first here!.... The need has gone.
GRR you cannot deny that these Q2 results were impressive - better than I was expecting. Should Q3 results reflect an excellent summer of flights and should forward looking winter bookings esp in business class suggest sustained demand then this SP will hit £2 minimum. Agree however that macros and the fact insurance funds and many of the big boys are still on the side line means this SP would hit £3.50 until change on these fronts occur and that wont happen until 2024 once Govt legislative forcing pension funds to invest into UK equities (Im sure the defn will include international equities owning UK businesses ie IAG) is passed....
Its all about colour on this board - Fordm's contributions are most welcome! Im a little disappointed in some of the Russian/Ukraine content he comes out with but hey its a free world.
Q4 boys is when this SP might pop = big boys arent interested because of macros. Simple
These SP fluctuations are a consequence of day trading and skittish private investors. The SP pop has'nt occurred because the big boys continue to shy away and as said last month, will continue to shy away until UK marcro's sort themselves out. On the front it is clear the worst is behind us, its a question of the rate of speed these marco indicators return to normality. Q4 perhaps is when we might see material change. Good news is BA and other airlines have been stream lining operations and getting logistical and operational costs down. Dont need to mention debt... but that too must come down. The key piece of news will be a dividend fillet but dont expect this on the 28th nor Q3.
Westcountrygirl - pour coincidence - I must be prophetic. Lets hope this SP touches 1.60, definitely an air of enthusiasm in the market today, that together with good results in a couple of weeks might see us reach 1.70 - the risk of taking a substantial long term punt has just become a little more appetizing for the big boys... Easyjet results (due tomorrow) will be a good indicator...
CPI figures will be better than expected today - petrol/ energy costs continue to come down - groceries the sticking point. Consequence no significant market SP drop. Thats how I see it - basically BAU for this SP which will continue in its holding pattern.