Ryan Mee, CEO of Fulcrum Metals, reviews FY23 and progress on the Gold Tailings Hub in Canada. Watch the video here.
Interesting that TAP from Portugal mentioned as a potential target for IAG.
Wouldnt have thought IAG would need it with Iberia's strong Latin American connections...
Cant say I see TAP very much at airports in Europe tbh and again, I would really prefer not to dabble in M&A whilst we try to get back to the mythical 200p
Dont get me wrong, a good merger could see a ceiling of say 400p within the next 5 years but my holding time is much less than that...
...I hope!
in additional industry debt accumulated during the pandemic may force some of them into bankruptcy—or, for a lucky few, consolidation. ita, the successor to Alitalia, Italy’s perennially disappointing flag carrier, could be snapped up by Germany’s Lufthansa; iag group, parent of British Airways and Iberia, may bring Portugal’s tap into its fold. Better that than permanent flightlessness
"Airlines are closing in on their pre-covid heights"
The aviation industry is a useful altimeter for the lingering impact of covid-19. Air travel ground almost to a halt in 2020, as virus-induced restrictions kept people at home. Since then it has clawed its way upwards as lockdowns have eased and travellers who had been denied holidays, visits to loved ones and business trips have gradually returned to the air. Capacity, measured by available seats, is set to end 2022 at around 4.7bn, according to oag, a consultancy. Although that remains down by 12% on 2019, before the pandemic struck, it is nearly a third higher than at the end of last year.
Flying is not likely to hit pre-covid levels until 2024. Nevertheless, carriers’ confidence in the victory over the virus, and in the unshaken yearning for travel of the growing global middle-class, is evident in their longer-term plans. America’s United Airlines has recently placed a big order for new aircraft. Air India, a poorly run flag carrier acquired in early 2022 by Tata Group, a rather better-run conglomerate with a turnaround plan, is rumoured to be close to ordering 500 planes from Europe’s Airbus and its American planemaking arch-rival, Boeing. Healthy demand for passenger jets means that both aerospace giants are planning to increase production in 2023, and get back to pre-pandemic levels within a couple of years.
Aircraft sales will get an extra boost from deep-pocketed newcomers. As part of its attempts to diversify its economy away from oil, Saudi Arabia is poised to launch a new national airline, ria, to compete with incumbent Gulf carriers: Emirates, Etihad and Qatar Airways. The kingdom hopes to raise $100bn, including from its sovereign-wealth fund, for aviation. It is planning to build one of the world’s biggest airports, in Jeddah, to serve 120m domestic and connecting passengers by 2030.
For such grand schemes to work, international travel must rebound in Asia. There, too, the news is encouraging. The recent loosening of covid restrictions in China, the region’s dominant aviation market, led to a 30% jump in domestic capacity in a matter of days. International flights to and from China are stuck at less than 5% of levels from 2019, so 2023 won’t break records. But if Chinese are allowed to restart foreign travel, 2024 could be the most profitable year yet for China’s airlines, reckons John Grant of oag.
American and European carriers, responsible for the bulk of the industry’s profits in recent years, may get there sooner. They have exploited passengers’ rush to get back in the air and used canny management of capacity to keep ticket prices high. Some are already making money again. After three awful years, when airlines worldwide suffered a combined cumulative net loss of $187bn, the winners will propel the global industry to a profit of $4.7bn in 2023, forecasts iata, a trade body.
As for the (more numerous) lossmakers, high fuel prices, looming recession and $220bn
Hedge funds repositioning for the new year?
So what if it did?
This is not a £1, £1.5 or £2 share in the future but easily and I mean easily a £2.5+ share.
I forgot the bit when acilles defended into hades...
Hello 125
For onto you is a quarter of great joy and onto you gifts from mem of gold, mir and frankensense
Hold the line
The cyclops
The Siren
Circe
When will we get to Greece ?
Feels like covid
Speaking of which, when are earnings released ?
The panic around China is likely to be short term hopefully. That'll bring us back to 130ish. Inflation ebbing away month on month and a solid earnings quarter should keep us 135 to 140
And what spring up to 140 plus every time earnings come out ?
Lockdown restrictions will not be coming back. That madness will not be tolerated.
I am genuinely furious at China for this crap. That the UK is not imposing restrictions makes me even more ****ed off. Sheer incompetence
It does seem a bit hysterical
But news of restrictions to an industry brought to its knees by them in very recent memory terrifies people.
I remember when IAG would move 10pc in an hour on restriction news
I think the big worry is that it spreads from China elsewhere and then restrictions need to be brought in various countries again
What on earth is that evil government playing at ? A menace to the world society
Swear to god if China is responsible for a 2nd global wave/shutdown I'll be on speakers corner with a sandwich board spitting hatred against that country all of 2023
It's been a while...
Screw the Chinese government, lock them out of the world community until they can learn to tell the truth. Disgrace how they behave
Hope its all spent with the family and or /drunk !
Frankie
Wait till IAG posts another $1bn profit next month son
Feel like he's selective in his pessimism. The VIX is at 20ish, perfectly normal.
His predictions fur Oil increasing after midterms hasn't happened so he's looking for some evidence for decline
Puts/calls do not drive the share price at all, they are just bets on the SP. Its nor like a short which can move things
No society is heading to more like the Soviet Union. Where the population possessed to believe certain things ("workers of the world unite!" etc) but the reality in front of their eyes was completely different. You see that more and more with the woke nonsense and prosecutions for stating what are obvious facts. Look at the prosecutions in recent months for things as fundamental as refusing to indulge the fantasies of trans people. We've sleep walked into this nonsense, and itll get worse.
And for the record, Ukraine was/is every bit as corrupt as Russia. The man on the street might be honest but Ukraine had many more oligarchs per capita than anywhere else. A sleazy, corrupt country where billions were made over night is not our natural ally. Full sympathy for the Ukranian people but when I think of how much graft will be taken from the next $1.7tr then you feel like crying. Whilst we struggle to freeze our homes you can guarantee that billionaire criminals in Ukraine are hoovering up their rewards from the money pledged. It was never supposed to be like this.
Agree here
Putin was fundamentally misunderstood by nearly all Westerners. The idea that trade alone can civilise a country was simply idealistic nonsense. I say idealistic but there were many who used that as a smokescreen to get their grubby hands on Russian Oil/Gas and turned a blind eye to his internal dealings. Germany in particular, google "Putinversteher" and see how up to their eyeballs senior politicians were. And not idealistic but on the payroll.
As you say, when Russia backed separatists in 2013 including acts of Terrorism on third parties and they were still part of the global community and allowed for instance to host the 2018 WC, it gave Putin all the evidence he needed that he would never be stopped. He may have miscalculated badly in hindsight but he did not actually call it wrong based on recent experience at all.
Where does this take us? I can honestly imagine this carrying on for another 3/4 years. The Russian populace are zombies/cowards/"apolitical" and bury their heads in the sand. Biden/US are printing money to fund the missiles in return. This could easily be a bigger disaster than Iraq/Afghanistan combined. The question is how to reach a settlement everyone can spin as a victory. To me that looks very much like formal recognition of crimea luhansk and donetsk to Russia but Zelinsky wont accept it. He is drunk with the reception he has got in the last 12 months and is not a realist. So he is very much part of the problem not the solution. Putin wont go so I would forcefully but discretely tell Zelinsky he needs to make moves towards the negotiating table. This is madness now.