Member Info for Istabrraq

Congratulations….i have to wait a little longer. Hopefully we will see the SP >100p before the end of this year, then onwards to 200p.

@ianfm, info below is from the IAG financial diary link on this site. Assume it is correct?

Interim Ex-Dividend Date 05-Sep-2024

Interim Dividend Payment Date 09-Sep-2024

I would be surprised if the new CFO found other skeletons in the finances, but I would not be shocked if she did. Let’s hope for the best for Wednesday results, fingers crossed all is well, or at least better than whats gone on before.

Interesting article from Robert Boyle analysing the recent RyanAir results, see link below.

https://www.gridpoint.consulting/blog/what-does-ryanairs-recent-profit-slump-tell-us-about-the-state-of-the-aviation-market-in-europe

MW (0.13%) & MIM (0.03%) added to their short interest in IAG yesterday. I wonder what they did today…?

Agree with you, it would have been some comfort if the UK had also been inflated during the pumping period. Seems like the UK markets get little movement upwards & much more downwards. Alas, happened before & likely will again.

I think airlines need to consolidate to remain competitive, hence the buying. IMO

@iaglongterm, would IAG not run into similar issues with the EU regulator on a TAP buyout? Or would it be more beneficial for them to make the necessary EU concessions?

@iaglongterm, thanks for the reply. Ok, just thought IAG Air Europa may have parted on similar terms to the 2021 aborted buyout, see link below.

https://www.morningstar.co.uk/uk/news/AN_1639659392538416400/repeat-iag-to-pay-eur75-million-to-break-agreement-to-buy-air-europa.aspx

I have a question. The previous Air Europa transaction resulted in a 75mil Euro fee to AE which was factored in as a part payment in any future buyout. Does the same apply to the 50mil Euro exit fee on this occasion? So should IAG consider another attempt at buying AE it would be less these fees?

I agree, should be trading > 200p. Like you say making good profits & also paying down the debt. Why the market has it in the 160’s baffles me. Hopefully the market will now take a more favourable opinion, but I won’t hold my breath. LTH.GLA

@Conger2, in buying or leasing Air Europa slots would there be any potential EU intervention or repercussions for this? Buying without any penalties sounds goods to me, although I would prefer the buy rather than lease option.

FFS, maybe IAG should just forget about it & move on. Sell their stake in Air Europa to the highest bidder & reinvest in their currently owned airlines.Maybe reinstate the dividend also.

I have been invested here since 2020 & have held through the most turbulent of times. At some point, hopefully soon, the SP will again reach & exceed the 200p mark. I am waiting for the dividend to return , may happen end of this or early next year.

Delta, American Airlines, United Airlines, etc. all seeing a rise today. How is it the DOW, S&P, etc can continue to surge ever higher whilst the FTSE 100 / 250/350 can barely lift their heads?

I agree & 50k @ 47p is not a lot in the grand scheme of things. Seem to remember Helen selling when the SP was in 220’s during the Stagecoach pre nuptials. So I think her timing can probably be relied upon as a positive indicator. Where are the Garat purchases?

Ianfm

Highly recommend using the filter option, I had read enough Moneymule888 posts. Lots of green now.

Where do you see they have reduced to 0%?

Would it be unreasonable to expect a question & answer or maybe just a brief update on the NA sale at the AGM? This SP is just slowly drifting lower on no news or updates of any kind. Shorters wet dream this stock/BOD.

A very quick Google at the First Group NA sale, I think they announced their sale late 2019 & it concluded April 2021. So approx 15 months or thereabouts. Fingers crossed MCG can achieve something similar.

Apologies if the timescale are a bit off, was a very quick search.

As much as I would like to see him removed Garat will probably hold onto his position. He should already have been replaced so I have to assume atm he is serving a purpose for the major stakeholders.