Member Info for Garonne

"There is one silver lining to the sorry story, though. British Airways, which has suffered more serious IT meltdowns than any other major airline in the past decade because, as one executive jokes “our systems date from the 1860s”, appears to be relatively unaffected. It cancelled a handful of flights on Friday, mainly because destination airports were closed, and its website and app had a wobble but that appears to be it for now. After being appointed BA’s chief executive four years ago, Sean Doyle, persuaded its parent company, International Airlines Group (IAG), to give him the lion’s share of its €600 million (£510 million) investment in IT. Most is going on new, more reliable cloud-based data centres and computer systems to control BA’s operations. These appear to be more robust than those used by its global rivals."

I've been calling for this 🤡 to be sacked for years now. He's got second hand car salesman written all over him when he comes on proactive etc. in his regular ramping efforts, which always culminate in a raise. There must be a reason why he stays. Is he the head of the snake!

Maybe this is why Warren Buffett doesn't invest in airlines anymore. It just feels like the cards are always marked against investors. I also suspect there's more to this outage than a simple upload problem but if governments want properly functioning airlines interconnecting businesses and people's of the world then they'll have to cut airlines some slack.

Hope so robleo but with Germany's economy fast becoming a basket case, I have concerns about the knock on effect that might have on VOD's profitability. I hope my concerns are misplaced.

I don't think so Mary. It's got to be part of the solution and in any case the defence review could take up to a year.

The silver lining is getting rid of JW. He was clearly a liability as confirmed by his faux assurances that all was well. The guy is clearly a buffoon. Let's hope this Russell Downs guy can get some sustainable financial deal in place to bring us back from the brink. Although unpalatable a significant placement may be needed to steady the ship. I'd be happy to participate if it was well supported by institutions. There's still hope and the market will be pleased to see JW gone.

Yeah, and no Labour bounce! The whole market is a crock of s***! I'm starting to despair!

When is this going to 1300p plus as predicted by JP Morgan, Barclays, Deutsch bank etc.?

This shareprice attrition is getting very tedious!

Well that's a fair position to take, Bondy. I can feel your frustration. Let's hope Bond comes through and we're all ecstatic. If not, I look forward to your stink! Lol

I guess , Cevo, I'm just putting my frustrations out there in case someone more knowledgeable than me might offer reasons to be hopeful. There must be some!

It's odd that there's no large late trades being published. Are they concealing something. Let's hope this recovers tomorrow and it doesn't all turn out to have been an old fashioned pump and dump although it's looking very like one! I need 11p to break even 😕

Airlines are tanking again stateside, approaching COVID lows. It just seems crazy to me when you consider how busy they are in comparison to the pandemic period. Also, EZJ is busier than ever but again it's SP is similar to COVID times. And it's not just airlines that are failing to recover. Outside of big US tech stocks and RR, what has really gone up much? The stock market is broken leaving risk taking private investors to get shafted. It's wearing thin, that's for sure.

And here we are again (I meant to finish with)

How so Bondy? Are you saying it's a bad investment? My vitriol comes from my sense of frustration as a shareholder at being constantly lied to. AFC just repeat the same old formula i.e. big everything up, get a placement away and then go silent and hope that shareholders will forget what was promised. It always sounds so plausible too and then reality inevitably bites when the promises, one by one, fail to materialize an

Are you flipping back to your original negative outlook on AFC, Bondy? Didn't you predict great things for the company about a year ago? You and Odious Jim (who predicted great things by last autumn lol) are obviously not very good at reading AFC. Either that or you both have an agenda. They are supposed to be commercial now, so where the f*** are the goods for sale?!

Absolutely Git. It's a con job. It's time the FCA had a peek.

Do these products exist other than a few prototypes? It's interesting that they bring very little hardware to the AGMs at Brooklands. If they were being transparent they'd hold the AGMs at Dunsfold. This company goes out of the way to be evasive. What are they hiding?

He's had us all over again. How many times is that? This guy is either completely incompetent or worse. It's probably too late now anyway, the damage is done. I can just picture him smugly checking his bank account and laughing out loud at us mug investors.

I agree Rich. Something's clearly wrong here. The company has little debt and is making good profit so why is it tanking? My theory is that they're suppressing the price for a takeover bid, which was why HSBC came in recently with a lower rated target price. It's peak season and planes are full of paying customers so they can't keep it down forever.

Judging by the extremely thin trading in AFC shares, investors are not getting very excited about the prospect of AFC posting stellar results. I suspect that revenue will be a long way off. You can't make money if you don't sell any products!