Bought back in earlier this morning at 236.5 having sold my previous holding much to early. Certainly looks good and would appear to be safe from Brexit and possible recession. I like the build to rent story which now seems to be gathering momentum. Whilst I do not wish for the share price to fall back, I will certainly add if it does.
A slow decline once again. Buyers get sucked into this every time by tips only to see their investment fall once buying volumes decline. Let’s just get to 70p again and I will buy some more hoping for the next rise and an exit. This is hardly an investment to hold long term as there is no dividend whilst waiting for an seemingly impossible upturn in the share price.
Copied from the ADVFN Board.
knowing: (Alliance News) - The boss of International Consolidated Airlines Group PLC said a deal was there to be done with striking pilots of unit British Airways, The Times reported on Friday. IAG Chief Executive Willie Walsh said a deal between flag carrier BA and striking pilots was "there to be done" and that "I believe the parties will be capable of negotiating a settlement." "I don't think anybody wants to see the dispute escalate or continue," Walsh added. "There is an incentive on both parties to resolve this issue." The intervention comes after BA suffered the first strike in its history in early September amid disagreements over pay, with the airline being forced to cancel almost all flights during the industrial action. A further strike was called off by BALPA amid what it described as a time for "reflection." Walsh added it was "frustrating" for him to not be able to be involved in the negotiations. This was a direct result of a management structure put in place by IAG towards its brands, which also include Irish and Spanish flag carriers Aer Lingus and Iberia. The IAG boss added that he had been approached by the striking British Airline Pilots' Association - also known as BALPA - to get involved in negotiations, instead of BA CEO Alex Cruz. "I think I understand their issues probably better because I used to be a pilot, so I can appreciate some of the concerns they have expressed better than people who have not been in that role," Walsh added. "I have sympathy for some of the issues that they raise. The frustrations they have raised are genuine. If I were there, I would probably want to address those." The Times reported this may be perceived as a thinly-veiled criticism of manner that Cruz - an engineer by training - has handled the talks. Walsh had begun as a pilot at Aer Lingus before entering management at the firm. Https://www.thetimes.co.uk/article/ba-pay-deal-with-pilots-is-in-reach-says-willie-walsh-bm7lhpxt7?ni-statuscode=acsaz-307
IAG's British Airways Customers Granted Data Breach Compensation Claim Fri, 4th Oct 2019 18:58 Alliance News (Alliance News) - Thousands of British Airways customers have been given the go ahead to bring compensation claims against the airline at the UK High Court over a data breach. Justice Warby granted a group litigation order at a hearing in London on Friday, paving the way for a mass legal action against International Consolidated Airlines Group SA-owned BA. The airline suffered a cyber attack on its systems, which an investigation by the UK Information Commissioners Office found affected about 500,000 customers. Personal details, including payment data and addresses, were compromised by the hack, according to the ICO. Part of the scam involved passengers being diverted to a fake website, through which their details were harvested by the attackers. The airline informed the ICO and began to contact affected customers when it discovered the breach in September 2018. There are currently more than 5,000 affected customers being represented by SPG Law and a further 230 represented by Your Lawyers Ltd, who are bringing claims for compensation. But the potential number of claimants is much larger and the judge granted a window of 15 months from the hearing on Friday for people to join the group litigation. Aman Johal, director of Your Lawyers, said: "Today's grant of a group litigation order is a key step towards justice for the hundreds of thousands of victims of the British Airways data breach scandal." The ICO announced its intention in July this year to impose a record fine of more than GBP183 million on BA over the breach, which is believed to have started in June 2018. A spokesman for the watchdog said at that time that the proposed fine would be the largest it has handed out and the first to be made public since new rules came into force. The General Data Protection Regulation came into force in May last year and means firms can be fined up to 4% of annual turnover for data breaches. The proposed fine represents 1.5% of BA's annual turnover. The ICO's investigation found that a variety of information was compromised by "poor security arrangements", including log in, payment card and travel booking details as well as customers' names and addresses. In a statement after the fine was announced, Information Commissioner Elizabeth Denham said: "People's personal data is just that â€“; personal. "When an organisation fails to protect it from loss, damage or theft it is more than an inconvenience. "That's why the law is clear â€“; when you are entrusted with personal data you must look after it. "Those that don't will face scrutiny from my office to check they have taken appropriate steps to protect fundamental privacy rights." Alex Cruz, British Airways' chairman and chief executive, said at the time that the airline was "surprised and disappointed" in the ICO's initial finding. He added: "British Airways responded quickly to a criminal act
Have followed Robbie Burns for some time now. He often makes quick money as a result of readers following his trades. Let’s hope that they do not fall back again after this initial surge. Just my luck, shares I bought at 70p on results day I sold a few days later at 78. I do however still hold my initial investment.
Well done Mylovelyhorse. I was hoping to buy this morning before any rise but no such luck. I will buy if they fall back a bit which probably means I will miss the boat. One slight concern, is of course, if BA management do not find a resolution to the strike the share price will fall again. For now the market is giving BA the benefit of doubt.
Tavernam, I hope that you are right about a resolution to the pilots strike. Apart from being a shareholder, what really annoys me is that the Pilots on this occasion, can ruin the travel plans of many of IAG’s customers at a particularly busy time of the year. Timed for maximum disruption, hopefully pilots, their union and management recognise the untold harm inflicted on IAG if there is no quick resolution to the dispute.
I agree, the pilots earn enough to be able to buy far more shares in IAG than I hold. Then of course they would have to accept both the good years and the bad as far as dividends are concerned. Would they be prepared to accept a pay cut in the lean years, I very much doubt it. Destroying the image of IAG in search of a share of the profits is counter productive. Get back to work and stop destroying the value of my holdings.
Or even lower today. The decision by Nissan to cut 12,500 jobs worldwide does nothing to inspire confidence in the automotive industry which is now in a cyclical downturn. Recent results and comments from quoted UK dealerships demonstrate why investing in automotive at the moment is probably not a wise decision.
Not invested here and have no intention to do so but have watched ever since the IPO. Who are the absolute idiots here, the institutions, pension fund providers who are playing with your with your future pension pot. No doubt many are scrambling to exit after buying in at the kind of multiple US investors pay for technology IPO’s
As joint broker to Kape, N+1 Singer as you would expect are positive. I never take much notice of brokers as they always have an agenda. The share price at the moment is driven by the MM’s who will adjust prices to create both buying and selling. Eventually we should be rewarded for our patience.