Member Info for Longtermview24

agree 100% lytton

Shirt, not short!

Anyone short will clean up here.

the point is, Mark, there may well be no long term investment if IAG goes under

Wins the prize for the stupidest post I have ever read or likely to read - Buffett is just like the rest of us. PMSL

You deserve to lose your short you mug.

This airline, like all airlines, is "chewing through cash" as Buffett said. It ordinary times, I agree that IAG is a very solid business and was worth its 600p valuation. But these are not ordinary times and nobody knows when ordinary ties will return. Until then, if you hold this stock - any airline stock or cruise stock - its a pure gamble as to whether the cash in hand can outlast the shutdown. It may look like they have plenty of cash on hand but when you're setting fire to it day by day just to standstill, it wont last long and each day you're setting fire to it reduces the value of the company, hundreds of millions every week.

Has dumped all his airline stock at a multi billion dollar loss. Travel industry is in terminal decline. Get out of this while you can.

This is heading sub 100p. If Buffett is willing to exit all airline investments at BILLIONS of dollars in losses, nobody in their right mind should be holding airline stock, at least not until the dust settles. Very very high risk investment even sub 100p

Carnival in BIG trouble

https://www.cnbc.com/2020/05/01/us-lawmakers-open-probe-into-coronavirus-infections-on-carnival-cruise-ships.html

hi trump 1 - no red face here. Barc and Lloy have seen me right this past couple of days. I can bide my time on IAG. Airline stocks in US rocketing. Its madness.

Watch out, falling. Sub 200p coming

triumph - is carnival sailing yet. oh, no they're not and they're burning A BILLION a month standing still. sooner or later there'll be a reckoning and down they'll go a la titanic. travel stocks are going to be hammered when people realise nothing will be moving before end of summer

i'll be buying plenty at 60p

Bad news always delivered after hours. But that wont help the sp. There is no cash coming in and loads going out. They're delaying results for another 10 days but that wont help either. EZY and US carriers have disclosed how much cash burn each day (UAL was $100M a day in March and now $60M a day). That 6.5BN wont last long at those rates.

SP will sink...and then sink further and further in the weeks and months ahead. CEO says it'll take SEVERAL YEARS to recover from this event - and that's assuming they don't go under first. No flights anywhere in any volume before June, maybe even later than that. Passengers having to wear masks. Nightmare scenario.

I'm a buyer, but sub 100p

fair play luddite

I fancy this will bounce back to high 90's from here, so I'm in for the ride.

wow, steady on spbhoy!

your target is realistic. once cruises start up again, I can see this getting close to 20 quid but only if that happens sooner than later. the longer it takes to lift the lockdown, the more precarious it gets. they've taken on a lot more debt of late and the cost to keep the fleet idle is not cheap - you can just close the door and tur off the lights on these big liners.

the shorting/hedging that usually accompanies a large convertible bond issue is also a concern as it can artificially manipulate the sp

Anapa no idea what you’re on about

Bought AAL at 11.02 and sold at 11.78 in a couple of hours last week. Ual at 29.07 and out at 31.12. Barc in at 87 out at 97. Lloy in at 27.86 out at 30.78.

Was a good week last week. So who’s the numpty triumph. Shut the feck up.

But do they also love the virus and wanna be stuck on the high seas without a port that will accept them. Long way back for travel stocks

The us stocks don’t have a discussion board. Have you seen the lloy board. It’s a mess. Hundreds of posts a day.

Talk of 30 or 49 quid is quite unrealistic even in the midterm owing to the highly dilutive effect of the convertible bonds. This may be stuck as these levels or lower for quite some time.