Member Info for Deanmck7

No problem. If we do see a RI then you can do the following:

1. Strengthen your position to bring your average down
2. Hold

Will it happen? No one knows. The BA staff have a deadline of the 7th of Aug (I’m sure that’s the date) to accept new terms. After that and if the US opens alongside measures being in place for safe flying it’s anyone’s guess, they may not need it And a lot of this is to get the monkey off their back in relation to the media and MPs.

Cash in the bank sits at £8.1b

As I said yesterday, it’s easy to make predictions and say the SP is going down and IAG are losing money because realistically that’s what’s happening due to covid.

People are all acting as if they are big time Charlie’s on here with the “I told you so” vibes. It’s so easy to do this with air travel still closed and covid. I could sit here and tell you all of this before you write it on a BB.

Why don’t you put your money where your mouth is and tell me the lottery numbers?

Also, whatamess, you’ve sat on this board since roughly 7.30am talking nonsense, making more predictions but every time your predictions don’t come off you hide in the hills and just follow it up with more predictions.

- Yesterday it was IAG have 3/4 billion left, It was confirmed as having 8.1 billion.
- You also stated IAG would make a Q2 loss of 2-2.5billion when in fact it was 1.1b.

“whatamess
Posted in: IAG
Posts: 2,634
Price: 179.40
No Opinion
losses30 Jul 2020 10:51
delta 5,7 billion
AA 2,2 billion
lufthansa 2,1 billion
air france 819 million
I expect IAG to be around 2 to 2,5 billion loss as their entire fleet was grounded to a halt”

If you’re such an expert/retired multi millionaire then tell us what will happen when covid is gone, tell us how IAG will perform, tell us IAGs Q2 results of 2022, tell us about the US presidential campaign., anything else that isn’t readable due to covid then tell us!

You actually think you have some ability to predict, but everything you're predicting is wrong. The only things you are getting right is what the media is telling all of us and if you look out the windows you can see there is a shutdown of aviation travel.

Back to the filter button, just had to read your recent nonsense.

It’s amusing to see the usual faces deramp, probably more today as results haven’t quite gone their way. The FTSE as a whole is down this morning, including all travel and tourism stocks for a start. However, analysis below and I feel IAG are in a great position going forward, a lot better than expected.

- £8.1b in the bank (far from the £4b prediction by whatamess yesterday, laughable yet again)
- Q2 loses of £1.3b (Better than my prediction of circa £1.6b yesterday)
- £2.75b RI, price to be confirmed (gets the media and the unions off their back IF it actually happens by the time they restructure their staff in the August deadline, this brining their cash reserve back to £10.3b) (pre pandemic levels)

I would also note a deflection of the update

“Based on our current capacity planning scenario, we would reach breakeven in terms of Net cash flows from operating activities during quarter 4 2020.”

This statement alone tells you that IAG are very strong, they will recover their losses within the current year, their handling of covid has been exceptional considering the financial impact its had and that going forward the only way they can go is upwards unless travel shuts down forever, which I highly doubt.

We expected a loss today so nothing has changed. Everything we knew prior to the release has been confirmed. The price is moving down because of the market sentiment, the traders making a few quid and the panic sellers not to mention we are still in full scale COVID with travel shut down.

IAG don’t always do sunny destinations therefore assuming the US reopens, we still have 5 months of transatlantic travel of this calendar year, not to mention the US, the UK, Russia and France all having a proven vaccine in its final stages.

The only way for this company is upwards and I stand by what I’ve said, you check this back in a year or two, you’ll find these prices are long gone.

Sit tight, soak up the negativity and SP volatility, your patience will be rewarded.

Not invested in TUI but good luck guys, I know it’s a turbulent time holding airlines just now!

Wolferlaf,

On one response you’re telling us IAG are good at wasting money. On the next response you’re writing they are shafting workers by cutting their salaries, trying to save money (“SAVINGS GALORE” as you put it) haha, make your mind up.

Finally if IAG are good at blowing money, why did they have 10b in cash reserves? Plus I don’t see why acquiring yet another airline that deals with lots of short haul flights being a waste of money, it’s taking another airline under their control and working on the short haul flights while their larger airlines focuses on the long haul. That to me is an excellent strategy.

You blow with the wind and spout utter nonsense.

TakingMyTime; you can just sense the ****roaches. Shallow bit of digging and you find them! Always an agenda with them.

That’s why I didn’t invest in TUI. They were riddled with debt and the writing was on the wall for them pre-covid, it was very well documented.

On the other hand, IAG has cash reserves of 10billion, hence why I invested. If TUI goes burst, IAG will pick up all of their long distance and EZY will pick up majority of their European.

Loving the change of direction in your posting now, suddenly a fan of IAG and wanting “back” in, yet all you do is moan about them and BA.

Time will tell in all of what you’ve said.

Wolferlaf:

2016 post below from you and you’re still moaning in 2020. Again about WW and IAG regarding staffs wages! Haha, sounds like a chip on your shoulder and you seem like an unhappy ex worker of BA that couldn’t handle the scandal. Keep trying, you might get your old job back. Bet you run a few BA Betrayel twitter feeds as well. Anyone that attempts to listen to your dross is just as bad as you and now we now know your agenda.

Wolferlaf
Posted in: IAG
Posts: 25
Price: 450.70
No Opinion
RE: RE: here we go again !15 Dec 2016 20:37
At the beginning of the year willie Walsh stated that in this year, it was to be his mission to cut costs.
This has something to do with both old staff and new staff.
The plan is simple.Try to oust as many old BA contracted staff on higher wages - then replace with new IAG contracted staff on the poorer wage.
The latest trick now is to bring in a brand new system of working with newer untried and barely tested technology on the ramp resulting in many redundancies. If the new system works - and there is not a good feeling that it will - there are huge savings. If it doesn't , then heigh ho - employ replacement staff on a reduced IAG salary. Savings galore !!
The reason why this potential "strike" may be doomed is because the workforce is fragmented into several different unions, and for there to be any successful strike action it needs all the different factions to join forces.
This company is symptomatic of an old government run organisation that has failed to deal with its overweight management structure that employs managers for managers ! Unless it realises this and acts accordingly, then the appropriate savings will be hard to achieve.

I expect a loss of circa £1.6b tomorrow which if you consider that divided between 5 airlines works out at 320m per airline over the course of 5 months! I have replaced LEVEL with the actual passenger flights and cargo.

I wouldn’t want to see a RI, however it’s not the worst thing in the world, it means you get a cheaper price to strengthen your position in IAG, and also bolsters their position within the market to ensure profit returns at a later date and with a leaner workforce it could exceed previous returns.

I don’t think they will go ahead with the RI though, based on losses and cash reserves, I feeL they have enough in the bank to see us through and won’t want to upset current SHs and spook to new and twitchy fingered investors.

Can I ask what is your actual position in CINE?

Wolferlaf if you’re going to make stupid statements at least read up on them.

IAG acquired to buy Air Europa last year not recently and certainly before the pandemic, therefore tied in to the deal.

If they were to terminate the contract it would have cost them 40 million to pull out. Why throw away millions of pounds without an asset. Bite the bullet, complete the purchase that in the mid to long run will pay off and benefit the group greatly.

Honestly barely even watching this board now, too many knuckledraggers on it talking down IAG, one of the largest air groups in the world at present.

Serious investors who have got a great deal of money invested in IAG like myself, weather it’s at 1.83 or 3.83 wouldn’t be spouting out utter nonsense that I’m continuously reading as we would have already looked at the fundamentals, balance sheets and cash reserves before putting our hard earned money in to a company that has been successful for many years.

Come back in two years time and see where the SP lies.

They don’t need full capacity to make profit, it runs on profit at 50% capacity.

I tend to use foreign news outlets, ie, Al Jazeera and Indian news. You tend to get non conflicting, non biased facts from a neutral standpoint.

All the uk stock pages have got agendas, just look at Motley, one min they are warning against and 2 days later they are stating a strong buy. All part of their own portfolios the shares they are writing about.

See this is nice, to actually have constructive chats and beneficial advice regarding the share itself rather than being drawn in to nonsense.

Just off the phone with a friend at cineworld, now added another £3.9k on top of my original holding!

Online bookings will open tonight on the website, every cinema in England to open on Friday. Scotland and wales not to far behind.

Unhinged and Proxima headlining the releases on Friday.

Bums on seats, revenue. New releases scheduled for start of August, then increasing as the days and weeks go on!

Finally US to open up in the very near future!

Good luck guys!

Tomorrow morning going to take a dent, will begin to rise again around 8.30, dip at 10 then rebuild at 10.30, usual trading times. After hours not pretty but what do you expect when it’s being shorted upon any news link that shows any form of negativity.

Dusteringmong: I’m simply stating that all this hype that’s been created over a knee jerk reaction by a inadequate government is finally being mended.

How everything on the news has revolves around news of a quarantine from Spain is astonishing. Fear being the key word.

Now the market is climbing back up after the huge catastrophic panic this morning and the government are amending their errors.

Not saying we are hitting £8 but glad to see a bit of sense prevailing as dropping 80p on ones destination news Is a bit exaggerated and overhyped specifically created by the media and government.

Balearics islands and canaries to be put off the 14 day quarantine lest, decisions to be confirmed on Friday this week!

At last knee jerk reaction redeeming itself by a disastrous government. Playing the market like the derampers.

Fear is the minds worst demon

https://www.bbc.co.uk/news/amp/business-53552888

https://apple.news/AkNLh__ImTpK215zT7vEJsw

https://www.bbc.co.uk/news/amp/business-53552888

Looks like a knee jerk reaction by the governments probably playing the market like the derampers like to.

Fear is the minds worst demon

Confirmation that online bookings will be open tomorrow/Tuesday.

May not be the red day all the shorters seem to want. Remember the amount of trading and executions that takes place out with the LSE cineworld forum, out weighs the opinions of circa 30 people on what’s going to happen.

It may begin red, it may begin blue. Either way, cineworld are taking bookings which means bums on seats, which means revenues.

Don’t succumb to peer pressure from a few dweebs on a chat guys. You bought in expecting a return, which up until now hasn’t happened, but the tide will change.