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eggonroll, much better than expected results which resulted in a 4% bounce this morning, we don't really need much improvement to see IAG fly but at present levels I am happy to trade this, sentinment changes and I think this is bottoming out.
Training is available free of charge from the main CFD providers and plenty more free of charge on the internet. Never sign up for a chargeable training course on CFDs or options trading, without exception people charging for courses are failed traders and many of them are fraudsters, these people will just leech you for as much money as you will part with.
UK share holders are excluded from the 50% rule so no worries about having to sell, its all in the rns just click on the RNS box above. I doubt there will be much disruption caused even if we have a hard brexit, scaremongering will of course be ramping up this next few weeks and even though the EUrocrats are stupid enough they are not that stupid to bugger up one of the main airlines. The worst they could do would be to put restrictions on internal feeder flights, they could not stop direct flights in and out otherwise they will get tit for tat and not just from the UK. I remember the now forgotten IT meltdown which provided a great trading run on IAG and the drop the day after the referendum and the sub £1 price during credit crunch etc. but all these things come and go until the next big thing and then it rises back up again.
First MSCI issue I was aware of was yesterday reuters reporting on the conf call of last week although the ex eu share limit 11 Feb did not help , difference between 2.65bn capex and 2.2bn cash flow which dropped IAG out of sector index some silly fund managers following silly rules mean they drop IAG from various funds despite it still being a good FTSE100 company. For anyone wanting this passive approach to investment its fine and the safe thing to do but as private punters who can do way better than an ETF and most fund mangers, its just something that helps us with the volatility it gives to IAG. For me the further down towards fundamental value or even below we go with IAG the better as I feel more confident placing large bets, up at £6.40 which I thought was a good enough price I was prepared to punt £20k a time on day trades but always aware that it could gap down and which it has and I lost a few,
, now I feel a little more confident about placing larger bets on IAG with lower risk of further downside. I am not one for detailed TA but look at the longer term graphs they seem to show we are more likely near a bottom than a top. I have been trading this for ten years and been a long term holder since it floated on the stock exchange in 1796.
A fact I have just discovered ( no doubt everyone else already knows this but please put up with me), lse attaches the live price when we make a post rather than the 15 minute delayed price at the top of the page, I am wondering if that explains why some peeps make tens of thousands of posts.
I felt that £6.40 was a good enough price, I bought at £ 5.90 this morning and again at £5.77 a few minutes ago, if the £5.77 lot gets above £5.87 I will sell. I think the July special div will put a bottom on the share price, I am hopeing that was £5.77 but you never know.
Connor , Spreadex are a pretty useless company, I wouldn't take much notice of anything they have to say, what they had to say about IAG was dated 22 Feb and really what they are saying is not much other than whats already out there.
IAG are back in the range I feel comfortable trading.
Its not a matter of plus500 getting around the regs which apply to all CFD providers its up to you to decide if you are a pro trader or amateur, I opted for the amateur rating as I am happy enough getting leverage of 5 times margin on shares, I have traded on 20 times margin under the old rules, I am happy with the returns I can make under the new rules and I have done the obligatory learning curve thing of 'blowing up' my account at one stage. Under the new MIFID 2 rules those 81% who were losing under the old rules can now lose less money, seems fair to me. All CFD contracts allow you to take or to pay dividends it can be a profitable game to play around dividend time for those that guess it right. As a CFD punter I wouldn't touch the plus500 service with a barge pole, I am just trading their shares through a different broker as I think eventually they will rise again although right now I am losing.
volcano , had you bought when you made your post instead of shouting sell you could have been selling now and cleared a 2% profit in less than an hour so forgive me for taking no notice. I would say take no notice of any broker, if they are ever right its only based the stopped clock principal.
I am in for around £30k and hopeing for a 10% profit, after three buys averaged down to around £10 so I am £3k down , not bad a for a weeks work. My prediction is £11 next week but if not then my day trade / swing trade turns into a hold for a few weeks or even months but unless fraud or pork pie telling is proved the price is likely going up sooner rather than later . My research into the shares I trade is minimal so not much use me saying why I think it will it go right for me other than they usually do.
The Times quoting a price of £11.29 on close 13th Feb, anyone buying at todays lower prices already benefitted from this news but I must admit misleading or lying by managements is a cardinal sin and usually means the company is a pile of crap, on the other hand its no more than I expect from any company that started out on AIM, its all a gamble, I bought more at £10.55 and hopeing to get out with 10% overall profit.
I am now in plus500 at £10.69. I chose IG over Plus500 for CFDs as I am under the impression that IG have tighter spreads and about the same commissions and long/short interest rates for example PFC through plus500 388.10 sell 391.11 buy, through IG at exactly same time 388.90 to sell and 389.40 to buy, these spreads open and close all day long its just a snapshot but got about the same difference on SSE and IAG so right or wrong I am sticking with IG. For options trading both IG and Plus500 do not appear to have more than a few popular indices and a few large cap US shares, Saxo and IB are way ahead of them. I feel no loyalty to any broker, if I could see Plus500 was better I would change.
Stuart, I am no expert so I am asking this to try and improve my understanding. I am registered as a retail CFD punter and my leverage has been reduced on shares from around ten times to 500% not the 1:2 or 200% you stated, do we have a different understanding of how this works ? I am happy enough with the new lower leverage for CFDs the new leverage is more than adequate to make money. I am looking at taking a long punt on plus500 at around £10.70 and adding if it drops below £10.50 or selling if it clears £12
The management do not appear to do anything in shareholders interest this past few years. I have held this since Belhaven in the 1980s, it peaked at over £7 a few years back. For the time being its now become a trading play, I have a limit buy order at £1.28 still not triggered but hopeing to make back some of my losses since making a bad decision to take up my rights in this dog turd of a company.
M1k3y I cannot open the link you posted its coming up as not secure and will not let me open it, what does it say about ownership. My main concern is that IAG continues to list on the LSE after brexit and that it remains a Spanish company so that I pay no stamp duty.