Member Info for misterbeck

there won't be a pandemic 2nd wave because everyone will have been vaccinated before it even starts.
Business as usual.

IAG now made more refined, well-financed and efficient and poised and ready to exploit and blow any other distressed airline out of the skies.

you are a brave man but not a bad call at these prices - so long as you trust JF and the KRGs ability to pay the revenues owed, and not accidentally have their money frozen in a Lebanese bank. Going to be a long slow road back if at all, imho.

nm

Tanking harder than a hard thing.

Brent dropping 7% now. Free fall

$25.38 latest price

what's going on?

Looking out the window I'm sure that it is such a 'lovely day' poppet, especially if you aren heavily invested in any Kurdish oiler.

How is it looking now?

Me too. Almost purchased at 105p yesterday. Glad I held back.

after the Lord Mayors show

IMO big drop due to these 4 main factors:
1. IMF just predicted the worst World economic outlook since the Great Depression. global growth in 2020 to fall to -3 percent.
2. OBR - Office for Budget Responsibility (UK) announced yesterday that gross domestic product (GDP) could plunge by more than a third in the second quarter of the year and by 13% for 2020 as a whole.
3. OPEC deal being too weak and half-hearted and will only be implemented for 2 months. Risk of oil glut.
4. Trumps recent unpredictable and wild antics showing lack of leadership when economies needs stability.

I don't think you will have to wait long for sub 10p

From the Guardian 2 hours ago. not sure how or if it will affect IAG that much...
Global airline revenues are now forecast to drop by more than half - $314bn (£249bn) – in 2020, as the industry warned that its “outlook grows darker by the day”, writes Gwyn Topham, the Guardian’s transport correspondent.
The International Air Transport Association’s (Iata) latest estimate adds a further $62bn of lost revenue from its previous assessment in late March and is almost three times worse than its “worst-case scenario” from five weeks ago, with around 95% of international passenger traffic now lost due to travel restrictions.
The figures would mean a 55% drop in revenue from 2019, as Iata factored in the extension of travel restrictions, a deepening recession and the further spread of Covid-19 to Africa and Latin America. Iata’s director general, Alexandre de Juniac, said:
The industry’s outlook grows darker by the day. The scale of the crisis makes a sharp V-shaped recovery unlikely. Realistically, it will be a U-shaped recovery with domestic travel coming back faster than the international market.

I was pretty close with my prediction yesterday of 23.8

Good timing Hasiba

Yes Brent is finding its feet. Already 1% down today and approx 5% since last Thurs.

Brent down 1% this morning and approx 5% since last Thursday

the youthful exuberance amused me too over the BH weekend.
Sold out last Thursday, will buy in again at 15p after netting 40% profit.