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“If equivalence was the issue, you would have thought barclays to drop sharper than Lloyd's, but it hasn't. If covid was the problem, travel stocks would be down today. They aren't. Who knows what is causing the drop here.”

Could be that it was overbought last week in anticipation of deal and now people selling to balance their portfolios. I see it picking up from tomorrow.

I see AZ rollout as the game changer. A sustained rally in Covid beaten stocks is very much on the cards.

Pre pandemic this was highly undervalued due to Brexit uncertainty and political wrangling over it. With a clear path out of the pandemic now and the Brexit deal done, this will shoot up.

Current market cap of IAG is about 8B. For the all time high market cap I googled “iag highest market capitalisation" and get 19.66B in 2018. Which means the price has to more than double to get the 19.6B valuation?

Agree that google has applied the RI effect, but seem to have done this wrongly. Or actually it’s the fault of the source from which google gets it data.
The 52 week high for this after adjusting for RI is 453. I m 100% sure about this as have verified few authentic sources (https://www.bloomberg.com/quote/IAG:LN)
Hard to say how soon it will be 453 again but believe this could be 300 in few months time. I am looking at comparison with the recovery in other airlines.

@Investtoprogress
The primary source is London Stock Exchange which I think is most credible. All the others are secondary sources. London S Exch shows 450 peak.

@investtoprogress
The sources I was quoting earlier ( lse, iag, HL) have also done the change for the rights issue and show all time high as 450.
The one source which hasn’t done the correction for RI is Yahoo Finance which still shows all time high at around 750.

I had similar observation on google. On some other sites like London Stock Exchange, IAG (investor relations) or HL the pre pandemic price is upwards of 400. Not sure where google sources it’s price data from.
Due to rights issue the number of shares issued are now more in the ratio 2:5 from before as they issued 3 new shares for every 2 before. Knowing the market cap now and pre pandemic can help to work out the exact pre-pandemic price with consideration to RI.

Am very pleased to hear on bbc news this morning that, with AZ vaccinations coming, end of Feb could be the end of lockdowns.

Post the Brexit news the US listing of RR was up by 7.5% on Thu. Similar scale rise I m expecting here too, both in RR and IAG. So this could be 175 on Tue.

With so much progress on vaccine front and no deal Brexit out of the way, it will surely find a new range upwards from the current price. It may even dip a bit on Tue open but will bounce back to 42-45 range in the days ahead.

Was expecting this to be 170+ and lloyds at 42. Maybe markets still awaiting the final word on Brexit deal.

Another big rise coming tomorrow. GLA

Upwards of 150 as of now and going up. May likely end in 155-160 range, recouping all of yesterday’s losses. Any positive news on new Covid strain and Brexit deal by will see it soar to 170+.

Steep fall tomorrow morning, opening to be below 150. Recovery later esp after the us markets open and might end the day upwards of 150.

It seems different providers show different charts for IAG share price. I’m trying to workout what was the pre Covid price (say in Feb 2020). Google chart shows 257, London stock exchange chart and IAG website say 418 (all factoring in the rights issue as it seems). Pretty confusing though I believe it will reach the pre Covid price soon.

“Surely a new strain (CV-20) would require a new vaccine?”

There were already 6 different strains in circulation. The vaccine is supposed to be effective on all strains.

180-190 by Christmas

Hello, just been watching this stock. Interesting that share price has not benefited much from the increase in copper prices. Anyone knows why the management want to take the company private?

Any thoughts on today’s company updates? Bookings will be back to normal by 2022. So perhaps still a year to go until we are back at £10.