RE: Soul Destroying29 Sep 2022 19:30
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.