Member Info for M1k3y

This is of course discriminatory and should be legally challenged.

There is witholding tax on all dividends, as well as UK tax.

So, we pay spanish tax AND UK tax on share transactions in IAG .

I have been ijn touch with HL and they say they are unable to claim back the spanish witholding tax on behalf of UK shareholders.

It seems discriminatory and entirely unfair to me .

Https://thecorner.eu/54/iag-is-facing-the-british-tax-authority-over-700-million/117504/

Indeed but it is disappointing to think that this is the best we can do !

And this isnwhat happens when algorithms and computers are in charge of trades.

I dopn't really see this as a major issue. Engines have problems all the time . It is how they are dealt with and resolved that is important.

Neither Cathay nor RR will want this ti escalte but no doubt, other airlines will be looking at engine checks also.

Https://www.bloomberg.com/news/articles/2024-09-02/cathay-pacific-inspects-airbus-a350-fleet-after-engine-issues?ref=biztoc.com

The article is pretty poor .

He still refers to BA as a 'Legacy' airline and that employees need to embrace change blah blah blah.

14 years after walsh and he is still spouting the same mantra.

As for Iberia ...........they could be doing much better . The last set of figures were not that good.

IAG needs a new vision and and new strategy with a new CEO at the helm. Just looking for other airlines to buy is not it .

Take a look at the IAG 5 year chart .

Says it all when it comes to CEO performance.

I can see potential for the SP to take a dip after the divi has been paid , with maybe an uptick towards year end results.

They need to substantially increase FCF . Take a look at RR.

Excellent FCF , substantial debt reduction and now a small dividend.

The direction of the SP over the last 24 months says it all.

The IAG CeO needs to follow the same course as RR but I see a bid for TAP coming and then IAG will face the same regulatory problems with the EU that it has with Europa.

I think they need a change of CEO to jump start IAG's SP.

The RI decimated the SP and has not recovered since.

Debt is still too high even though cash balance is increasing.

We can thank Netanyahu, Blinken and Bailey for this mess !

Complete and utter madness !

A 5% drop because ????

OH the MM's have decided to hammer the stock again.........

Withholding Tax is a nightmare and I have been informed several times by Brokers that they are unable to claim it back.

Here ios the info from the IAG website

Https://www.iairgroup.com/media/lb2o5ex5/spanish-tax-informatio-on-dividends-for-iag-uk-resident-shareholders.pdf

IAG needs to stop trying to buy other airlines and focus on reducing debt.

Take an example from RR and see what it does to the SP !

It isn't difficult, reduce debt and provide an excellent product at a competitive price.

A 7% - 8% share movement in one day and downwards ????

What's going on ?

Well it would appear that someone definitely doesn't want this to go up any further at the moment !

Looks like they are having issues quoting for trades atm