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Lets be honest - we have no idea what the SP will be on Friday but the marco enviromnent is starting be appear mildly positive at least compared with projections from last year. Back to basics though for IAG - a credible debt repayment plan and a possible dividend in 2024 would be good and great passenger numbers across the Atlantic would send the SP up - possibly 1.80.
Not expecting the SP to rise any higher than 1.20 by Thursday. For reasons already discussed on this board (which is very informative ) supply chain issues will create lag and delay deliveries which will hit the bottom line in terms of reduced or postponed revenue. RR needs another couple of big orders of the likes of Air India to drive the speculative element of this SP - the Air India deal does not yet = £ in the bank. These are just my views in the short term. Im expecting RR to be a winner in 12 months however which is why I intend to hold and buy in tranches as the year progresses....
The market reacted surprisingly badly to otherwise good results last week - Natwest being an example. This coming week is another bumper results packed week - IAG coming in last ie on the Friday. Its clear the markets have anticipated results already baked into the SP and so the question is are they better than anticipated.... Sticking my head out - I think they will be and crucially forward projections will be better than expected. £1.80 is where I see it by Friday....
Yes so here is what we know: 20% of Air Europa is already owed by IAG. Not sure I understand the Brexit bit….IAG is Spanish Head Quartered making it a European business. Completion Law does create hurdles for IAG which needs to evidence that their acquisition of Air aEuropa does not create a monopoly in any particular sector in Europe,
Last week = a market correction. All based on a perceived overvaluation. View is the SP will return to 1.70 as we get closer to the 24th as results will be good - Heathrow figures are a good indicator. The SP appreciation might be slow as there is a huge amount of economic data due out this week both in the UK and the US including CPI figures. Not expecting any bomb shells coming out of these numbers however. … DYOR.
Just checking in and I see this board has self imploded around non IAG issues. It is a free world and one is free to discuss what one likes but there are political boards you could use to voice your politics opinions... Disappointing week for this SP as well however while Bobbins you and I took a pounding today it will bounce again leading towards results day. Im confident of this.
Lets be sensible here - results day is the 24th of Feb. Messaging across the news in both the UK and Europe (Spain in particular) is that these results and more particularly forward projects will be good. I suspect the big boys have already set their SP expectations at £1.70 is where we are at. It makes sense given macro uncertainty at moment and the fact interest rises/gas price rising havent yet hit consumers. However Im expecting results to be better that the market has priced and so a week on week raise is on the cards here. Results day this SP could be circa 1.85. On results day it will drop temporarily but then recommence its rise as summer bookings and crucially business class travel across the atlantic bookings news becomes public. As said year end this SP will be circa 2.50 as a min. Crucially however, on results day. IAG need to show intent to pay down debt and throw in a dividend fillet....