Chris Heminway, Exec-Chair at Time To ACT, explains why now is the right time for the Group to IPO. Watch the video here.
@Nutmeg, what are you on about?
What Covid rush? Passenger numbers getting back to pre covid levels is not a rush - it’s getting back to normal.
Also, what makes you think winter bookings will be dismal and non existent? You’re throwing out a lot of negativity with zero substance.
Garonne,
Yes, they do spontaneously combust!
When when wood is heated to this temperature, it releases hydrocarbon gases that mix with oxygen in the air and ignite and create a fire. If vegetation has been bone dry for some time this will result in a wildfire.
Goodbyemylover, pretty sure aviation fuel isn’t too safe if not contained properly either.
Max P,
Yes timing is everything but so is having the right information- I doubt you have all the right information to judge whether the timing is right or wrong or whether it’s a commercial failure or not.
Tomski, I agree that debt is reducing and going in the right direction. Just simply pointing out that it’s incorrect to say debt has little impact. It will do if it gets out of hand and may be causing the depressed price right now. Oil prices are also shooting up again so margins are going to be tighter. Another major shock to the airline industry and debt could easily spiral out of control, hence the nervousness of the market.
I agree I think IAG’s debt is controllable as long as no major shocks to the industry are forthcoming in the near future. Just pointing out to the previous poster why markets may be nervous about IAG even though debts are coming down and sales look good.
Uncontrollable debt is a huge factor especially when interest rates are high. Net debt currently is c£10bn - this is c10 times higher than it was in 2018. It’s come down by £1.5bn since last year but it will undoubtedly affect share price.
That doesn’t make sense to me. If rejected, it’s because it’s massively undervalued and price should go up to a more respectable level.
Excuse my ignorance but are we seeing a hit on Scancell share price because of Moderna’s announcement to fast track their new skin cancer drug. Is the market thinking that Scancell will lose out because Moderna is going to be able to find a cancer drug and make Scancell’s technology redundant?