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I think the only safe airline is Ryanair. IAG is a complete basket case. Easyjet is struggling big time - but prior to thd pandemic, it was best in class in terms of financial management. Terrible bleak future for many.
I cannot believe the bullish statements on here. This debt is a complete noose... that is why it continues to drop. But aside from that there were red flashing lights throughout those accounts.
$31,000,000,000 debt.... The share price drop attracted my attention but the debt attracted it more. This debt is phenomenal and its not just carnival, its every major airline and travel company. The chances of me buying carnival shares is ZERO and I consider myself a risk taker.
Lloydsactuary. I have been at this business for 20 years. I saw before my very eyes 400k go to 150k during Covid...and then back up to 530k where I sold all of my stocks. I never imagined IAG would go £1 or below. But look at their accounts and debt, where interest rates are going, the situation in Europe. It's pure grim. I don't see one cathalyst to move this up. My money is sitting firmly parked in a 4% account. I am entirely unconcerned by inflation eating away at it when I see shares going down 30 or 40 or 60% in less than a year.
I like your overinflated optimism. I do believe its worth closer to 50 pence than 1 pound. The UK is in serious trouble and the penny stocks sale is in full swing - its just whereas peope bit during the pandemic, they are not now. Good luck - I'll pray for returns for you all - I probably will be better keeping my assets in cash.
No its not a £1 stock. It's a 95 pence stock and fairly valued. It will be 10 years before it has enough money to pay a proper dividend given its £20 billion debt. Yes it has over £10 billion cash but its flattered by revenue from forward bookings. I am looking at certain stocks but not this one. It's just far too indebted and its outlook is just as poor as you can get at the moment.
I can't imagine anyone not invested wetting their dry powder when the outllook is worse than even 2008. The fact that so many investment funds are hoarding cash and not biting should concern anyone holding any shares.
Lloydsactuary. I have so many times in the last been heavily invested at stock prices above this level. I am 100% cash at the moment. Markets are forward looking and IAG is just about the most unattractive stock in the FTSE 100. Whereas in the past I would have jumped at this even for £2, I wouldn't touch IAG whatsoever. Its debt is entirely unsustainable - £10 billion is a mountain of debt - and it has sustained serious losses in the recent past. That, along with a high oil price, rising interest rates, a weak pound, OPEC cuts, a terrible prime minister and war in Ukraine make this share, in particular, a junk status share. Even with stocks so low, I am holding on to all of my cash. The outlook is dire.