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JOTOM, I'm not a long term shareholder. I have never claimed to be
I am however a shareholder. Just for fun, my IAG share holdings on my HL ISA today is now £29985. Quite a hit today
I am trying to go for short term growth, principally on recovery shares and have done reasonably well so far. COVID has presented opportunities for extraordinary growth in a way that has almost never existed before
From March 2020 til the early summer of 2020, the value of fundamentally sound companies collapsed. Most have recovered, airlines have not. I was pleased with my investments and my timings.
I stand by what I said. Volcanic eruptions have disrupted airlines, 9/11 had an effect, there are so many complicating factors that screw up even well run airlines
I did reasonably well to come in at £1.30, went in again at £1.50 and was expecting to get out at £2.00. I'm holding now obviously as it is the wrong time to bail out, but I wont stay long beyond somewhere around £1.80 to £1.90
I also have smaller holdings in EZJ and TUI as the pent up demand for holidays is huge. I'm sure within a couple of years, these sorts of companies will be secure again.
Once I'm done with companies that have recovered some of their covid losses and I have made some gains, I'm going back to trackers
I dont really understand why you think people bother to make up stuff on boards like this.
Careful NorthScot, when I implied that there are many external factors hampering the recovery IAG share price, JOTOM was not happy with me
But indeed, as you say, when one problem is solved ....
And the airlines do fact a lot of head winds :-)
Fatuous means silly and pointless. How are any of those points silly or pointless ? They are absolutely relevant to the business
Airlines and holiday companies are amongst the last sectors to emerge from covid disruption. Their time will come, I've no doubt, but few recoveries have been as slow as airlines.
Why do you put information in quotation marks ? And refer to it as an embellishment ? And put "job" in quotation marks ?
I work for the police in a control room as a despatcher after quite a long career in the military.
What a strange think to say Jotom. Lots in the media this days about how people are unable to have intelligent thoughtful conversations and just shout abuse
I have currently £30726 in an HL ISA and £17428 in my Fidelity ISA, although by the time I type this, its probably a bit less
If you think my thoughts affect the price of a £7 billion pound company, then you may want to think again
My reason for posting is that I have done okay out of a couple of recovery shares
MArstons from about 40p and I bailed out at 80p and Forterra from 150p to 210p. Both subsequenntly went higher but hey ho
Both are relatively simple businesses. Make beer and sell or make bricks and sell
I do genuinely wonder whether IAG is too complicated for me to bother with the risk when simple businesses like McDonalds (ie burgers to unhealthy people) actually make huge amounts of money
Reasons not to invest in IAG because they negatively impact share price...
Oil price fluctuations
Risk of air accidents even ones IAG have no involvement in
Expensive pilots
Expensive engineers
Unionized crew
Massive massive debt
Massive infrastructure requirements
Weather impacts profitability
Wars impact profitability
Travel is often discretionary spending
The pandemic is not over
Huge competition
Etc etc
Reasons to invest in IAG
The share price is lower than it used to be
I'm not sure why I'm £50k into this stock to be honest
Uncertainty surely
Is this not all connected to the story at the moment about 5G being rolled out at USA airports and the belief that the new system will interfere with a/c nav systems. US airlines are talking about multiple flight cancellations over coming days
Good dip to buy I'd have thought
https://www.theguardian.com/commentisfree/2020/jan/08/lab-grown-food-destroy-farming-save-planet
George Monbiot seems quite excited by it all, some of the BTL commenters rather less so