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Agree with you AndItsGone. Don't know what castle and wam are expection tomorrow. RNS on 22nd had the prelim Q3 results, final won't be different. As I posted on another thread.
Q3 loss of € 1.3bn, liquidity of € 9.3bn. That's enough cash to last over 7 quarters or 1.75 years before it runs out at current rate of burn.
Another RI is not on the cards in the immediate future so stop the deramping castle and wam.
Jenn - Read the last RNS with Q3 results and current liquidity.
Q3 loss of € 1.3bn, liquidity of € 9.3bn. That's enough cash to last over 7 quarters or 1.75 years before it runs out at current rate of bleed.
Another RI is not on the cards in the immediate future.
You really are an idiot. Take this from a post you made this morning
1/ MacRS: Anapa using a different profile name - wrong I am not Anapa.
2/ On here critical of others - really? Coming from you that is rich.
3/ talking down the sp - you are the one that rants on about 50p all the time not me.
4/ And it turns out you have no loyalty here - I've been invested in IAG since April this year, took up all of my RI shares and the additionals as well. Not sold anything and holding long term.
5/ Just here for a quick buck - see 4 above
Your grammar is terrible
You use upper case where it's not required
You mis-use the apostrophe
You either can't spell or don't know the correct words to use, most likely a bit of both
In short you are a thick, nasty individual
Market cap is simply the current share price multiplied by number of shares issued. It's not the capital held by the company divided by shares.
There were 2 shares before RI for every 5 now so conversion is Current Price/2 * 5 or *2.5
Your average after the RI shares start trading will be dependant on your average pre RI.
My average pre RI was 212. After taking all my RI allocation and a few hundred more my average is now down to 130.
Just add total cost of all shares and divide by number held including the RI that will be tradeable tomorrow
Castle - The overall situation on the 7th will not be any different to what it was whan the RI was oversubscribed. If anything there are a lot investors out there that were prepared to buy at 85p who didn't get all they wanted and will want to buy in.
You scaremonger about the 7th. First was the the RI was undersubscribed and that the undewriters would dump shares now it's dis-illusioned investors dumpung shares.
A lot of noise on here about the IAG share price fall today, comparable shares are down as well
IAG - down 2.49%
EZJ - down 2.29%
RYA - down 1.56%
WIZZ - down 0.19%
Markets are taking a pounding generally it's not just IAG,
Yes I see where you are coming from.
1 - There are no BA flights based on random 1 hr watching flight tracker or flght radar 24
Ah - there are actually BA flights. Approx 1 arriving every 7 minutes and one departing every 6 minutes over an 18hr period at Heathrow.
2 - I'll counter that with an article in the Telegraph dated 23rd May 2016 based on supposition and guessing to show that the flights are not profitable.
Quote from the article
"Wendover Productions admits that the figures are “rough estimates”, and are open to interpretation. “Many of these prices will vary widely over time, and there are certainly ways that airlines reduce these costs.”
Give it a rest ffs
And scheduled for 12:00 - 18:00
https://www.airport-london-heathrow.com/lhr-departures-airline-british-airways?tp=12
https://www.airport-london-heathrow.com/lhr-arrivals-airline-british-airways?tp=12
Marab
Lists of all BA flights from and to Heathrow from 06:00 to 12:00. There are more than a few!
https://www.airport-london-heathrow.com/lhr-departures-airline-british-airways?tp=6
https://www.airport-london-heathrow.com/lhr-arrivals-airline-british-airways?tp=6
Agree with you calamari, we'll know the outcome of the RI takeup on Thursday so will be known before 7th. People will make judgements after 1st. If they wat to sell they will sell existing pre-rights shares.
My opinion is that If the takeup is really low then the underwriters will have had to fork out a lot of euros. They are not going to dump a load of shares on the 7th, that will just cause a rapid price drop and an increase in their losses.
Apologies due to George and Henry I was mis-reading your posts.
You are correct, if you think a share is going to keep going down then yes sell and buy back cheaper is the best option.
If you think it's going to turn and go back up again there is no difference in averaging down and selling and buying back at the same price.
I'm LTH in all my shares and I do believe that IAG will come good long term. I am taking up all my RI shares plus in for a few more.
DYOR and GLA
Well spotted Henry stating the bleeding obvious, how can I average down if the current price is the same as my average. I would love an explanation of that :)
Debate is about whats best to do, average down or sell up and buy back at lower cost if the price drops