Member Info for difranco

No mention of the hidden pension debt liabilities of one of the closed final salary pension schemes going forward. BA NAPS (British Airways New Airways Pension Scheme) has ongoing pension liabilities until they are cleared. The scheme currently has insufficient assets to cover the liabilities. This is reviewed every 3 years.
2015 the funding level was approx. 82.7% ( £2.78 Billion deficit), 2018 the funding level was approx. 87.6% (£2.39 Billion deficit)
Since the last pension review in 2018 BA has made additional one-off payments of £250 million in December 2019 and monthly contributions of £25 million. This was increased to £37.5 million since April 2020.
The deficit was expected to clear by 2025/2026. However, with the existing financial climate uncertainty and the damage to investment returns in all asset classes, the pension review in 2021 will most likely reveal an increased deficit and a much longer time frame to pay this off.
This is only BA, what about Iberia, Iberia Express, Vueling, Air Lingus, Level etc.

If rights are sold on or ignored will the Qataris mop up significantly more than their circa 25% holding ?
Will IAG be moved back to the UK and the Qataris allowed to become majority shareholders.
The UK government will not want to bail out any companies like the banks in 2008/2009.
Rights issues in this environment are a disaster. A similar situation is playing out with SAGA. Rights issue and consolidation at the same time, plus a falling share price. They have De Haan circling like a vulture. Will the Qataris be doing the same ?

Nice to see Goldman continuing to add to their holding. Up from 7.29% to 7.46%. If they continue onto the 10%-15% range, this could be interesting. Hopefully positively interesting.

Hopefully back up to 300 then maybe time to take out the profit. I do have a contact in Crest and can confirm they have been savage with their cuts and much further along the road with this process than their competitors. As long as covid-19 R-rate remains low the prospects look more promising, however, 3000 cases a day and rising doesn't bode well as schools will be protected ahead of all industries. Interesting September ahead.

It doesn't like 1300-1330hrs each trading day. Bizarre but a fact.

A real rollercoaster. Bought in during the madness of March and April and nearly jumped ship at 420. Took my eye off the screen for a couple of days and closed the week 640+. Should have jumped ship again but greed got the better of me and watched the drop back to 466. Felt gutted with a near £2 drop per share but in reality had I jumped at 420 I would be even more gutted.
This industry is robust and cannot be compared with other service sector companies. With the CMA's watered down interim review Dignity can only march on, albeit slowly. Sad as it is, delays in cancer and cadio related treatment during covid will only lead to higher fatalities in the coming years. If we can get back to 600 by October the future looks more promising.
I know lack of funeral extras have been a hit, but it would be interesting to know if the prepaid funeral plans have any clauses for partial refunds to clients where the full package couldn't be fulfilled. If none, that is a positive that should show up on the balance sheet at some stage.
Apologies for rambling as first post on LSE after years of voyerisim !