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Target price or £2.20 would be tempting for my greed radar to sell.
I'm still pining for £2.78, as that would double my hard earned investment and it would keep Mrs GRQ in the lifestyle that she drains me by....
Ho hum...
Well, Damiansasha...
I've got a very similar investment to you, so I think that qualifies me to give an opinion...
For me, I'm holding.
However, my average is £1.36 and I'm about £3k up at present.
I toy with selling as I've beaten the bank etc.....but I am holding as I feel we have further north to go. I guess it's easier for me to think that as I have a cushion to fall back on, but I sternly believe this summer will show how strong our results are.
We all knew (at the depths of this Sp) that what the tourism industry needed, and that was for sold financials, and now we are finally receiving them.
Last quarter was amazing, and the belief is next month's results will be the same if not better. Based on that alone, surely that gives a good indication with how we are going.
I know the word "recession" hangs around the neck of everyone, but folks are making adjustments in their lives, but not on holidays.
The pandemic has taught us not to be confined and or to be conservative.
I think you'll be fine.
Good luck pal.
GRQ
Damiansasha,
That's a tough one.
It's always difficult to be in the red and then see your investment (almost) return back to break even.
When you're down all you wish for is to break even so you can claim your hard earned cash back, but then you wonder if you could make 5-10% if things go in your favour.
Judging by my maths, if you're currently £15k down that means you've got around £150k invested here, which is a princely sum.
If you bought at £1.80 and watched the SP fall back to 90p then that must have been a heart stopper for you!
Forgive me; but I'm definitely not qualified to advise someone who has around £150k invested in a share, and I can only presume you looked at this stock wisely before investing, and I'm quite sure the fundamentals are still there.
No matter what. Good luck buddy. I hope you recoup and make a few quid as you deserve it.
All the best.
GRQ.
"panes....."
Or pains....
Reppyrr,
Unlike many others on here, I can only offer opinion on the forthcoming Sp, but if the wider market suggest anything, and with the last quarterly results show, surely your break even target is achievable (and beyond).
With oil prices coming down (and sadly inflated flight tickets) going up, and bums on seats increasing, the next results are surely going to be strong, which bodes well for the SP.
IAG have been updating their fleet, seeking new runways, and are now looking at flying to the smaller market area (challenging the liles of Easyjet / Ryanair) again, you'd have to suggest their longevity is strong.
Longevity is something most airlines / tour operators feared during, and post, the pandemic.
IAG is coming out of the panes of the above.
It's their turn now.
All the best.
GRQ
Emerald,
What happens at £1.78?
Is that your break even?
Happyzone,
And that's precisely why I pasted the link below.
The budget airlines are seeing continued growth and that doesn't seem to be changing for the summer period.
If IAG ever returned back to the £4.60 level, I'd have sold out a lot earlier on that rise.
I'd be too chicken to hold on for that long knowing I'd be in a heavy profit.
All the best.
GRQ
Ade1234,
Not only do you post financial results from 1 year ago, when TUI was coming out of the pandemic, you then posted incorrect facts about the share being over bought (when the results show it isn't) you now say the recent rise is due to a "dead bounce".
Forgive me, but the expression is "a dead cat bounce"
Meaning 'evens cats rise up after they've fallen to their lows"
The Sp hasn't been falling for the last few weeks, so there is no "dead bounce". As the charts will show you.
Have a good weekend.
GRQ.
Sunsurfer,
"and it's for them I post, not trolls like yourself"
May be you should listen to your own advice and not engage...
Deep breath in. Slow breath out...
As a lot of you get sucked into benign conversations with that particular poster, and all you do is continue with their dialogue.
Have a great weekend all.
GRQ.
Ade1234,
You may have said that but you didn't comment on my questions to you regarding your unfair comment of Tui's finances from last year, and your incorrect assertion that this has been overbought.
All the best.
GRQ
That's exactly what I presumed Scotty was referring to, but in his reply to me, he commented that the [dividend payment in 2023 info] was there on the website, and then say "lol" as if it was obvious.
This board is meant to discuss facts and not misinterpretations.
Anyway, many thanks Landuhh.
GRQ
This goes out to everyone,
Scotty said there was a report on the IAG website about dividends being returned in 2024.
I've looked and cannot find it at all.
Has anyone else come across this on the IAG website?
Many thanks.
GRQ.
Rr101,
I'm not sure I fully understand your question, but if you buy shares now, whatever amount you buy (for arguments sake you buy 100 shares) when the consolidation occurs (and it will) you'll then have 10 shares (instead of your previously held 100.
Whatever the SP is at the time of the consolidation, the SP will then multiply by 10.
I guess the question is; if the market accepts the consolidation and debt repayment kindly, our SP will go up before the consolidation date, which means you'll make money now, but equally, you could wait to buy shares after it consolidates, in the hope of buying lower than it is right now.
Payment off the German debt is a must. I've never done well out of consolidations, but it's common practice.
If TUI results are massively profitable next quarter, that may underpin the consolidation and prevent it from slipping back.
My choice is to keep adding now, and then I add again after the consolidation date. At least that way I get a fair average but the acid test is going to be the next financial results, sadly that is after the 14/02, which is the AGM date to discuss the debt repayment facility / consolidation.
All the best
Scotty,
Apologies, but I haven't found that info on the IAG website.
"The new agreement with the NAPS trustee includes that BA will not pay a dividend in 2022 and 2023, but if it pays a dividend in 2024 there will be a 50% matching contribution to NAPS, while from October all dividend restrictions will cease."
https://www.proactiveinvestors.co.uk/companies/news/1001501/iag-says-british-airways-could-begin-paying-dividend-from-2024-after-striking-pension-deal-1001501.html#:~:text=The%20new%20agreement%20with%20the,all%20dividend%20restrictions%20will%20cease.
There has been no confirmation from IAG that they will restart paying dividends this year or in the foreseeable future.
A certain website uttered a suggestion that they thought dividends may be paid this year, and they thought it would be about 1%.
If I've missed iAG confirm that they will then my apologies, but I don't believe I have.
All the best
Ade1234,
Forgive me as I may have this wrong, but you recently made a comment about TUI's finances, but you referenced last summer's results, and for some reason you skipped past the positivity of TUI's last trading quarter, and now you say it's over bought?
Since the steady rise I've been keeping a keen eye on share purchases and they've almost been on an even keel, which supports the likelihood of the ecent Sp uplift being market correction / sentiment for next month's results.
Even today, the buys very marginally outweigh the sells.
Vol. Sold 2,786,150
Vol. Bought 2,792,627
All the best.
GRQ.