Chris Heminway, Exec-Chair at Time To ACT, explains why now is the right time for the Group to IPO. Watch the video here.
Yeehaaaaaaaaa.
Profit has finally befallen on me!
I'm now 'up'.
I just want to thank my parents. My accountant. My friends. This board and not forgetting my big brass balls for digging in and averaging down....
Merry Christmas everyone.
SirLain,
I remember (many moons ago) being £45k down with an oil company called LGO.
For me, that involved sleepless nights etc.
The company was in bad shape and dying, but at the time, it had a certain element of revival ability, so I (may be naively) over doubled my 'investment' to heavily average down, in an attempt to dig myself out.
The tactic worked, but I was around £100k deep and I was in over my head.
I'm trying to understand the moral here, but I guess it's we are all human. We all live. Love. Make mistakes.
Unlike LGO, I believe IAG has a long life expectancy. I've averaged down because I foresee this company capitalising but that's my opinion.
Whatever befolds you, I wish you well.
It burns my soul to think (and I do question if it's true) that people come on here to solely ruin others.
What a soulless life we live in if that's true.
Apologies, SirLain,
I am aware that there are some others who may have a higher Sp, and I hope my comments haven't offended anyone.
I'm sure we've all been in similar situations where you can feel your investments are always down, but when then recover, we get a little too excited.
1.71% down!
Come on you little beauty!
Woo hoo!
Only 3% down!.
I appreciate that may not sound like a brag but it is.
I got slightly caught with buying from the £2 mark, but then kept buying on the way down, hoping for it to stop, and now I feel like that 'risk' of doing so is turning back in my favour.
It's a risky scenario where we average down, but I always believed it to be a calculated risk, knowing the strength of the company and its plans for growth.
Here's to me!
You have 250k shares in IAG?!
Flipping eck. That makes my poultry 17k shares look miniscule.
I have no idea what your average SP is but you must have coughed up over £300k (unless you bought 250k shares at £1 then obvs that makes it £250k worth.
No matter what; I tip my hat to you.
For a relative new investor, such as myself, I have a 65p average, which means the upside value of the Sp combined with the regular dvidend, offers a double whammy.
"We're the first to admit we weren't expecting a third quarter upgrade from British Airways owner, IAG, just yet. Especially in the current climate. But it seems that pent up travel demand is currently trumping cost-of-living pressures.
Capacity's climbing towards normal levels too. IAG's recovery looks like it could be primed and ready for take-off.
If the group can squeeze more euros out of each additional passenger, the speed of recovery will be that much faster. That is a status quo we expect the group to be able to get back to, courtesy of its enormous cost saving and streamlining efforts over the last few years.
That said, for now, costs are soaring because of the rate at which it's ramping up capacity. We are cautiously optimistic that planes are now full enough per-trip that profits can find a sustainable path forwards.
Some of the short haul carriers have had to lower ticket prices to entice passengers, a trend that could materialise for long haulers as well. Stoking demand is important over the next year and price is one of the few levers IAG has to pull.
IAG's long haul recovery continues to lag that of shorter trips in Spain and beyond, with continued restrictions in large parts of Asia not helping the matter. On the upside, the lifting of passenger caps at Heathrow comes as some relief.
There's still a long journey ahead. And a very real risk that consumer behaviour is yet to fully adjust to a world of higher inflation and increased costs. If spending starts to rein in, we could see the strong forward order book come under pressure.
Our biggest concern for now is the group's eye-watering debt pile, which cost north of £400m in interest in the first half. The return of positive free cash flow helps, but shareholder distributions will take a backseat to debt management for a long time to come.
For now, it seems the worst is over for IAG and the current risks to demand look more like turbulence than a full stop. There's an opportunity for shares to rerate if more passengers come roaring back. But until we have hardened proof of full planes and a full schedule, there's an element of caution alongside our optimism."
"Capacity in the first quarter of 2023 is expected to be approximately 95% of 2019."
What has happened to ToddJustin?
Has he been banned?
And, hopefully by saying his name that doesn't bring him back to life.
Unlike Beatlejuice.....
My average is £3.80. I'm new to this investment, and from what I've read it seems like a solid trust with an even stronger history of dividend payment.
These investments offer a safer place to tuck money away - as opposed to placing it all on one company.
Let's hope the company offers growth as well as an income.
Regards.
Crikey. I remember you from around 12 years ago!
I just thought I'd see if Sound Oil was still operating and there you are!
You and Zorns1967 (I think it was 1967) were a slight double act back then.
Anyway - I wish everyone well and I hope Italian beauracracy has sped up since I last dipped my toe over here.
Regards.
The overhanging debt is the ball and chain around IAG neck but it's been "narrowed" (in the loosest term) since the pandemic, but IAG is evolving and growing.
I read an earlier post that someone has an average SP of 1.16 - I am very jealous of that!
Mine is 1.37, but I'm hopeful in a couple of years I'll be back in profit, and I'll look back at today's price and wonder why I didn't buy more than I did..
I heard mutterings of a dividend next year, albeit only 1% but it's the beginning of their confidence / finances returning.
I think it can be easy to let emotions take over when investing - especially over the last couple of years!
But, no matter what anyone may say; the fundamentals here are strong and we are acquiring modernised planes and investing in zero emission flights - amongst their desire for short haul flights to compete with the budget fare market.
Finances are returning, so no matter how the Sp is beaten down due to external factors, internally we are doing fine and are on the (slow) financial upward trend.
The Sp will undoubtedly follow.
Don't mind if I do.
"MADRID (Reuters) - All the airlines owned by International Airlines Consolidated Group will end this year with a profit, CEO Luis Gallego said on Wednesday.
IAG (LON:ICAG), which owns British Airways, Iberia, Vueling and Aer Lingus, among others, had said previously it expected to return to an overall profit after a two-year crisis caused by the COVID-19 pandemic, without elaborating on individual airlines."
I occasionally peek in on this board and see the usual squabbles about where the SP is going, and we may dip below 100p, but there are always certain wider (political) elements that are influential, way beyond the business models plan.
Don't we all look for opportunities where there is a strong business model, that is reporting profit but they're heavily undervalued due to external factors?
IAG isn't going to go bust. They're improving their fleet and passenger numbers are constantly increasing, and we know the bank sheet is going our way too.
Invest in a global business that's on the cusp of being financially profitable and is continually growing but heavily undervalued......?
Yes please.
The Shareholders' Meeting is called in accordance with the following agenda:
1.- Approval of the proposed purchase of 50 Boeing 737 family aircraft.
2.- Approval of the proposed purchase of 37 Airbus A320neo family aircraft.
3.- Delegation of powers to formalise and execute all resolutions adopted by the Shareholders' Meeting.
The call notice and the class 1 circular (the "Circular") relating to the Shareholders' Meeting are published on the date hereof on the Company's website (www.iairgroup.com) and the call notice will be published in a Spanish national paper on Saturday 24...
Jtan,
I've just noticed but I'm actually the lowest on the list!
And, I can definitely say I'm not a deramper (I'm not a ramper either).
I'm just an "investor" who has ploughed quite a bit of my hard earned corn in a business that I thought had longevity and, that I could buy in at an undervalued price.
That said; I've (as per norm) mistimed some buys, which is why my average sp is £1.37.
I know I've said we wil be £1.13, but I think we will need more consistency with our next financial results than the forthcoming one
I'm expecting strong results in October, which will be ace and they will hopefully underpin showing how we are surviving, but continued financials and nibbling that debt down is what the mid - long term Sp needs.
This time Rodders...
DB2014
Stick me down for 1.13.
I've just topped up at £1.07 so I guess £1.13 is a profit.
That said; my average is £1.37 which feels a long way off at present