Member Info for Fugazi1

Mararab, lots has changed dramatically, try the weekly cash burn and the Times note has said bod are actively looking at shoring up finances.

Thats a bit of a heads up.

September is the worst month for the stock market.

Maybe 150p is too optimistic.

Not so cool benji.

The price has fallen since your post.
150p is coming, amend your fib lines.

The Times is running a piece on iag, regarding it's massive growing debt.

15:14

Hopes are fading of imminent return for transatlantic travel - with one key stumbling block

The fact the US has yet to approve the AstraZeneca jab, which is widely used in the UK, is a key stumbling block in hopes to resume transatlantic travel.

The World Trade & Tourism Council (WTTC) has urged the US to prioritise changing that.

Virginia Messina, WTTC senior vice president, said: "It's crucial the US authorities step forward to formally approve the AstraZeneca vaccine as a matter of urgency to enable cross-border mobility.
"Unless they give it the green light then the US will effectively remain closed to the vast majority of UK visitors and the many millions around the world who are double-jabbed with the AstraZeneca vaccine."

You think?

We are likely to be going back into some form of lockdown in the weeks ahead

150p still on track.

Price failed to break put downward channel

just a rise due to Hester getting on board.

BoD maintain a capital rise is required by the end of the year. City may push price up for that.

Price spiked.

This is iag thread.
Keep it that way dude

I'd doubt it.
You're now overdosing on sentiment and pride.

Falklandinvestor. You're on the verge of emotional suicide.

Gap from Wed last week filled, now todays gap up to fill.

It will fall back jtan.

Usual pattern, gap up, then fall back more soon enough.

johnyboy999, no one is fooling anyone. A fact is a fact pal.
The future for IAG is very uncertain. As covid spikes what's to say there wont be further lockdowns ?
Pre pandemic air travelis years away, not what a loss making business needs.

And as Big Blue has mooted many times, the environmental headwinds about to really start at Cop 26 will be detrimental, thus adding further taxation to passengers.

As much I i'd like to see, as do we all, many positives, there's no catalyst at the moment. Some would argue more passengers are accruing, true, but that's not enough presently.

around 92p, thats where the stong support is!
It was the support area in 2020 and support from Sept 2011 until Sept 2012.

@coolebenji
This has not bottomed, don't delude yourself. It's douncing on support which is weakening, as always support then becomes resistance.
The trend will change eventually. The question then is, how many more shares will be in issue.

"Picked up £30k worth @ £1.56 on Friday - planning to get out @ £1.64 on Monday morning."

Which monday in which year?

Jtan,
Imagine iag sp trading in a new range lower than the present RR. Sp.
I remember RR. Constantly falling, posters saying this will never ever be a penny share. The rest is history.

Coming back to iag, there's a strong possibility it will be a penny share again. Markets are a dangerous place at the moment, more so than normal. There's really nothing positive as a catalyst.

Share price will be into the high 140's..

The gap at 161p i bleated about in the Spring months has been filled, the market is obviously taking it down and the 150p gap will be filled.
There is always over shoot .

Nonetheless, the bottom of 2020 cant be ruled out for a retest.