Member Info for ForeverNever

Good luck to all holders. Hoping for a good rise but not concerned on any dips as I'm always with a long term view with ezy.

GLA (Great Legs All)

I'm confident long run but wouldn't be suprised the market views whatever excellent update they provide as negative and we fall below the 500p mark again.

Hoping I'm wrong. Seem to have seen the 400s in the rear view mirror one to many times at the moment and the markets not in the best of places with all this war, debt ceiling and recession scare mongering.

'9m profit doesnt even pay the interest on the loans. IAG board needs to share their plan to pay off the huge debts they owe...until then SP is not going anywhere'

What with the comments from last night about the 30billion debt and now this comment. I can see why 70% of private investors lose their shirt. People need to learn to read the financials. These comments are just getting silly.

Guys. What's going on?
BA has a large pension fund worth billions which is managed by an outsourced company.

Every now and then depending on the funds performance BA will be in a deficit or surplus. If ina surplus no funds to pay. If deficit then they come up with a payment plan to cover the shortfall.

This fluctuates up and down based on market movements and other investment returns. Just like our pensions.

As there was no income the deficit payments were deferred during COVID. They updated us on this during the update as Sundezena pointed out.

Robbren68 - don't just read headlines from newspapers. Look at the financial statements

I think they should do well in tomorrow's report.
I fly quite a bit and the prices have jumped by a huge amount this year. Most recently I'm off to Dubai next week and struggled to get a flight.
I was even thinking of ditching BA because of the poor seats allocation left!

On the down side I'm still waiting for their response to my compensation for a cancelled flight over Easter. They have just emailed me again saying apologies for the delay but they are very busy and will look at my case soon.

At some point the travel companies will turn. I'm patiently waiting

Giggey,

I was hoping with the smiley face you would have detected a little sarcasm and a joke....

I'm as relaxed as they come. Fully loaded here.

I hope not! Free seats is never good for business. We should be charging full whack! :)

Al4x

Completely agree. I've thrown some llay money ht this as pure speculation.

Feel for the SH here though who have been in for a while

It's about time something happens. Airlines are one of the only shares to have not at least partially recovered from Covid.

I went in heavy on airlines thinking they would be one of the first to recover....how wrong was I??

It's just you.

SP is Shifting!
Looking forward to tomorrow. Could see steadily progress this year and at last put COVID behind us in terms of Share Price

0.7 billion is Net debt.
I expect cash will pay down debt when it's due. Some of these are due soon. The Covid loan for example taken out in 21 was a short term 5 year loan.

My target is 10gbp but pencilled for the next 24 months. Be very suprised if it's this year.

Hopefully get passed that 2p this week. Then heading towards the 3p everyone is talking about.

My only concern is given how low the SP got to it may take a little longer as there will be more people profit taking along the way...

Sparky,

Great business and great growth I in at 175 and at just over 700 closed out. The gain was fantastic given the climb in a short period but with the news out and no short term drivers I expected a fall.

Don't forget the small float tends to over exaggerate movement during the ups and downs.

Hi Saab93e,
Fair question that one. If I may I'm going to pause my response on that for a few days. I'm off to Disneyland paris early doors and busy packing so I'll be offline for the next week.
What I will say is investors look for growth, the debt repayments will really hamper growth here for a long long time. We have seen reductions across most regions and UK legislation change is a big cloud hanging over the company.

All the best

Oh Simones. Please that response is so child like.
The issue with simply wall street is they are missing the 1.8billion debt in their calculations.

I wonder what they would say about it once it's updated correctly?

If u haven't noticed this then you really shouldn't be investing.

OK I honestly give up.
No wonder so many peeps lose money.

Not one single realistic point has been made to why this company should be valued at more than the current mcap.

Good luck

Sorry a what?
What profit are u referring too EBITDA ??

There are a large number of risks in play here, all very real risks hence its marked down.

Look at their mcap then look at their 2 billion debt. Now look at their profits after EBITDA. Doesn't take much chnage and the whole house comes down. It's not like they can even do a rights issue as their mcap V debt is so heavily weighted.

If there is no turnaround soon the company is in serious trouble.

Don't get me wrong it can happen and it can work. BUT there are some massive risks here where investors can lose everything. This really was my point to Simones. Just simply saying everything under a pound is value. Its not. Not in the slightest.

Simones,
Comments like that amaze me. What is really scary hpwever are the 5 ticks you have so far.
There are serious breaches potentially to have been made. Senior management are stepping down. Changes in gambling legislation and not forgetting the near 2 billion debt.

Please, please tell me what's good here. Maybe we can have a good debate. I don't short btw before u accuse me of that. I was running the ruler over the SP at 100p ish and there were numerous red flags that prevented me from joining.
Even now the downside risk far out weighs the upside. So hence please shed some light on the positives here.