Member Info for Just_My_Opinions

DE, Previously I had assumed this level would be support, and there was a small bounce not long before close. The price line is now touching the bottom bollinger band on the 1 Day chart... but it's got strong selling. The MACD is negative and looks like it has further to go as the selling strengthened after slowing. The Wave Trend Oscillator is the same (but nearing oversold). StochRSI is showing oversold. RSI nearing oversold. It could bounce from here, I won't be adding to my position as I busy at the moment with stuff outside the market. But if I was actively trading I would be looking at a second tranche at 376p depending on what the technicals are saying at the time. But it's a moving target, so the above could completely change. Could even do 355p. But when the floor is found, assuming no wider market crash and IAG's business performing well on the 28/10 Q3 update it can climb quite rapidly when it gets going.

But to be fair if you read some of Theresa May's recent comments, it appears she's already resigned herself to the fact that the UK not being in the EU single market. She made a comment about work visas and no access to the EU single market recently.

dbno, The main UK market mover today was Angela Merkel stating the UK can't have access to the single market without accepting the EU's free movement of Labour rules. The market didn't like that, so it tanked. The other main mover was profit taking ahead of the US jobs report tomorrow, every time this is released (non farm payroll) the market gets nervous as we potentially near the next Fed rate rise.

Has taken IAG down a bit today, but IAG's fundamentals according to publicly available information are unchanged. Passenger Revenue Killometer is up month on month (again) according to yesterdays RNS. So unless there are any unexpected surprises, I expect the Q3 report to be good. Just need to wait and see.

https://www.refund.me/all-you-need-to-know-about-codeshare-flights/

M1k3y, That makes zero logical sense. Why would a company want to actively encourage competition and hence potentially lower it's margins? Read the below link for an explanation and why code sharing benefits customers.

"Group traffic in September, measured in Revenue Passenger Kilometres, increased by 4.8 per cent versus September 2015; Group capacity measured in Available Seat Kilometres rose by 5.6 per cent. "Group premium traffic for the month of September increased by 8.4 per cent compared to the previous year." http://www.londonstockexchange.com/exchange/news/market-news/market-news-detail/IAG/12991070.html This stock needs a boot up the rear end, it's reporting solid figures... just need to wait on the rest of the market noticing :-)

I'd say it helps fill planes, if it didn't work to increase revenue they would stop doing it. If something doesn't work to make money, they're not going to continue to do it are they? Lets be sensible here. But I do see your point, albeit I would imagine this is shown at the ticket ordering screen?

reception@iairgroup.com

I've email IAG to see if this means BA customers could end up traveling on China Eastern planes. From what I read from a google search code sharing is about making transfers and connecting flights quicker and more efficient, and that customers have the choice and that that by using the same code this makes it easier. Whether or not that will physically result on BA customers having to fly on another airlines plane I don't know.

http://www.londonstockexchange.com/exchange/news/market-news/market-news-detail/IAG/12954891.html

August was decent in terms of increase to Revenue Passenger Kilometres. Septembers figures should be out soon, hopefully we see continued improvement despite the switch to pay for sandwiches on short hall domestic flights. This could help the SP, but I suspect we shall remain range bound until the Q3 results are known, unfortunately these fall near to the USA presidential election.. this will create some uncertainty to. But at the moment IAG looks decent fundamentally.

I don't think it tracks Oil at all mate. I'm just learning IAG's movements. It's fairly range bound at the moment, it drops sharply and rises sharply... It does appear to be undervalued assuming financial performance stays steady... but with an airline loads of things can affect it, hence why I'm in on a smallish tranche. I still reckon there's a good chance of significantly higher than 420p though... but until the results of the US presidential election is known and the Q3 results... we won't know the major direction of this stock for a month or so I don't think.

Not being greedy mate. It has bounced when I was out haha. I have a small tranche right now away, happy to let it run. I expect this stock to achieve 460p at least on a longish trade. Probably a few months.

Next test of support is around 382p, the SP found support at around 382.9p on the 19/08 and the 31/08. The bottom Bollinger band is also around the 382p level on the 1 Day chart, so it will be interesting to see if support is found at this price. The StochRsi is also showing oversold, if the stock price reaches 382.9p I will be tempted to add a further tranche.

Bouncing around the mid bollinger band on the daily chart, hopefully this is support. Another spinning top on the daily though, indicating indecision. Its a waiting game with this one.

From the below statement I think historic fuel hedging was on a higher price, so as those hedges end, IAG looks to benefit from the current low prices. Albeit various OPEC members are trying to shine a tu rd on a potential oil production freeze/cut, but I doubt this will be happening anytime soon. ==================================================================================== "We continue to intensify our long-established cost control and capacity discipline. Cost initiatives currently in the planning stage will benefit our earnings from 2017. However, we also expect reductions in underlying non-fuel unit cost of around 1 per cent at constant currency in 2016 (the same as our previous guidance). This is on top of very significant fuel cost reductions as our historic hedges unwind. We have reduced our planned capacity growth for the second half of the year, and have 2017 capacity growth and capex under review. Although visibility of revenue trends for quarter 4 remains low, we already have 74 per cent of our expected revenue booked for quarter 3. Based on current fuel price and currency levels, and given our high visibility over H2 cost reductions, we expect low double digit percentage growth in pre-exceptional operating profit in 2016. We expect full year equity free cash flow to be within our long-term €1.5 billion to €2.5 billion range. This provides a high degree of coverage for ongoing ordinary dividends."

Why hold the stock then? Makes no sense haha. If you actually believe the companies financial performance is declining, I can see no logical reasoning in holding when your money could be put to better use elsewhere? Load factor up YOY, Profits up, debt going down, Nav 498p, discount to future cash flow 44%. BUT.... Uncertain economy, fluctuating exchange rates, terrorism... any major bumps in global trade and and IAG could suffer. Been doing this for about 9 years fairly heavily... I'm not suggesting that the SP will suddenly sky rocket due to ii's loading up... hardly any of them seen 2007/2008 coming. But in terms of fundamental analysis, the ii's do tend to make their investment decisions based on quite thorough fundamental analysis... looking around the FTSE trades by volume on individual stocks (which I do) IAG does appears to be getting bought up more heavily than most with the muilti-million trades. We've had two days of indecision, technically the stock is forming a basing pattern with a bearish spinning top after a downtrend on the daily chart, this can often signal a bottom... Tomorrows candle will confirm whether the stock is about to uptrend or not. The market should rally tomorrow as the FED has just held interest rates again. Will be interesting to see how the airliners react tomorrow though as the US dollar will likely take a hit... this could spike commodities including oil. But I suspect we will see a range from 380 to 430 until the Q3 results on the 28/10 are known, and the results of the USA presidential election is known. Bottom bollinger is 380.4p We could revisit this price (or near to it) in the short term... StochRSI is not oversold on the daily yet... But the SP is currently testing the mid bollinger band. We'll either get a bounce around this area or revisit 380p... in which case the result will reveal if this is the floor or not which is my guess.

£2.6 Million and £4.9 Million buys on after hours trading. The ii's are either incredibly stupid or they think they see good value, I reckon it's the latter.

The £26 million trade isn't showing now as the trades list updates daily.