The latest Investing Matters Podcast episode with London Stock Exchange Group's Chris Mayo has just been released. Listen here.
No problem with the business. Will rebound during the day.
It has been moving in the 100-110 range. Anything close to 100 is a good entry point. Among the least risky recovery stocks. Should be 110 in a few days I hope. DYOR and GLA.
Most travel shares down at the moment. Should recover by close. Expect 120+ later in the week.
Vaccination at a good pace in US, UK and now Europe as well.
I see it in 210-220 range until we hear more on list of countries in green/red list and cheaper alternatives to testing.
Today being Friday it might stay in lower end of the range as usually seen and with the wider market in red.
Monday’s announcement is just to hear again what we heard this morning. The next few events that will impact the share price in my opinion
1. List of countries in green, red and amber.
2. Cheaper testing
3. Progress on vaccinations
4. Falling cases in Europe and elsewhere
5. On the downside, IAG might need to reassess its financial position and raise new funds if summer revenues are not as per expectations.
Aa expected, decision deferred till May on the list of countries in green, red and amber. Let’s see how the market reacts today. Some positive and some negative news. SP could move in either direction imo.Volatility in the opening hour?
250 is assuming green light given to international travel.
It could be that BJ might go for a wait and watch policy and defer any decision, say by 1 month? His tone sounded negative on 5th April update. Maybe he would try to appear positive by saying that international travel will resume on 17th May but the list of destinations will be released a month later after analysing situation in each country? That’s in effect pushing the start date further. Anyone with better insight on what might happen on 12th?
I suspect some of the people here have sold out after BJs update on 5th March that added to the uncertainty regarding international travel. Once we get clarity on that, likely on 12 April, I think lot of people will be back in. Since the SP is holding up well, seems market is expecting that the update will be positive. If there really is good news then sp moves to 240-250. If it’s negative then 190-200. Imo. Very hard to predict at this moment.
Nice jump today. Hope to see this in 110-120 range this week.
Good to see this break out from 200-220 range to hopefully 225-240 now.
“why the big drop at the end of trading today“
A bit disappointing to see the drop. Seems most banking stocks finished lower and those in the US are in red. Let’s hope tomorrow is a better day and we move closer to 45.
Dasa, your video has incorrect information. You are saying that BA are selling their landing slots at Heathrow. BA has only offered the slots as collateral for securing loans. Need to verify facts before making and posting a video.