Member Info for riskawar

Fred, it’s IAG buying back its own shares, no action required from shareholders. Means less shares in circulation - so if IAG has same market cap then it should in theory equate to a higher price per share.

You had the wrong company, it’s this one https://find-and-update.company-information.service.gov.uk/company/11014226/persons-with-significant-control

Https://www.gov.uk/government/publications/autumn-budget-2024/autumn-budget-2024-html Just above table 4.13 for those interested.

Always good to see the short position reduce, Marshall Wace must be under water on it by now - hopefully they’ll fully exit their position next week?

PE was 6.2 back in Dec19, replicated today that would give us a price target of 260, bearing in mind that debt is down to approx the same lvl & profitability is up, seems like a reasonable target in the short term.

For some context, I’m 49 years old and hoping to retire within 5 years max (dependant on stock performance). Have been maxing out my ISA too but can’t get it in from the GIA quick enough. 🤦‍♂️

I made the decision to use up the balance of 20% CGT band, and stuck £20k into a SIPP to get some back. Don’t trust the gov not to do an immediate raise in CGT rates, especially considering their current actions. Made my peace with it if I’m wrong. Bulk of my gains might have to wait for a career break/ early retirement. Most financial commentators I think are suggesting waiting but I couldn’t stomach having to pay 40% CGT and needed to de-risk as RR is by far my biggest holding.

My divi is showing in HL, shows as cash value at the moment and not yet available to invest. If you have set up automatically to pay into your bank account then HL only do this once a month so you might be waiting a while.

Ghana hoping to make decision on SMR supplier by Dec24, not far away now. All bidders are trying to enhance their offerings. https://www.state.gov/u-s-and-ghana-nuclear-firms-sign-landmark-commercial-agreement-for-small-modular-reactor-project-in-ghana/

Final sentence confirms it https://www.world-nuclear-news.org/Articles/Westinghouse-and-EDF-appeal-against-Czech-nuclear

Czech announcement was for traditional nuclear, not SMR units, that bit is still ongoing. https://www.world-nuclear-news.org/Articles/KHNP-selected-to-supply-new-Czech-nuclear-units

Apologies, it’s an 80MW reactor, even smaller.

Article states AMR not SMR. AMRs are unproven and even further in the future - AMRs maybe 2035-40, SMRs from 2030? It’s only a 100MW reactor too, a baby compared to RR 470MW reactor. I don’t think it’s any competition to RR SMR.

Similar to Sun I have been starting to rotate out of oil shares into IAG, in hindsight I did this too early. Agree that Russia is still pumping pretty much unchanged & selling cheap to India/China or any other oil producing states who can launder it? Oil price is a function of both sentiment largely currently determined by the war/sanctions and the crazy green agenda & impact of lockdown on destroying exploration. Global oil use has continued to increase (excluding pandemic) and things like electric cars won’t have a significant impact on global demand for a decade at least & probably a lot longer. Had to laugh at the comment about Biden would sell his soul to increase supply when he has spent the last 2 years destroying the American economy including oil self sufficiency. Maybe the impending mid terms will force a change of policy direction but I have my doubts at least until the results are in as the Dems seem tone deaf to public opinion and admitting mistakes and instead blaming the Putin price hike. If history teaches us anything tho oil price will not stay at an elevated level for ever as you will get the demand destruction mentioned in other comments and most producing countries will be wanting to rake it in while the going is good. At some point oil price will turn and it will do so quickly, oil above $100 isn’t sustainable. Putin is losing equipment left, right and centre, & in some ways the longer this goes on the harder it’s going to be for him to maintain what he has already taken. If war is protracted then it will be for a smaller & smaller area of gain for Russia, at what point might he start thinking about losing Crimea? He’ll be wanting to negotiate before then IMO.

Be patient Woody, this will come good. Am in a similar position didn’t get in at the real lows but am just above break even now. Likely to be some minor pull back but I think the pent up demand for travel after the nightmare of the last 2 years will win out. IAG now my biggest holding ??.

Is this RNS correct? Have Schroders definately increased their number of shares? Looks like there may have been a mistake on the form. Direct Shares after transaction is the same as the last RNS in relation to Schroders on 18/11/11. Or am I missing something? Oldmember: definately something fishy going on re accounts, I no longer think this business in being ran in the best interests of shareholders (as opposed to just being run badly). I sincerely hope the that major II's (Schroders & co) are strongly pushing for a sale now as I believe that otherwise a D4E will take place mid next year, all but wiping out existing holders. Riskawar

Nabil I wouldn't put too much confidence in an analysts target price - I think there was a survey done once which showed that analysts were wrong about the shares future direction more than 50% of the time (within a reasonable timescale) - ie you would be better served by flipping a coin (50% chance). Don't know FRR, but I don't think you can compare MCHL with AssetCo.

I'm a holder of Mouchels shares (and sitting on a loss), I for one am counting on a takeover. It was only 8 months ago it there were a couple of serious buyers (Interserve & Costain). Now management is supportive of a takeover (the banks made sure of this) its only a matter of time IMO. Whlst we may not see the 135p share that was most recently offered after due diligence, can easily see 100p if there are 2 parties interested. Reading reports that there are some costs that could potentially be striped out quickly in the event of a takeover (£5m SAP system), and possibly office costs also is heartening. I know however that Mouchel have already started reducing office costs by co-locating with clients, head office move etc. some of these savings are yet to be fully (or at all) reflected in their accounts as they are only recent and accounts were to end of July. I dont see any point in a potential buyer procrastenating with this share, so expect talk of a takeover before end of March. It took about a month after an approach was made for it to become public last time.

I reckon that it is likely the 3 x 1M purchases was a disposal by Prudential (RNS states a reduction of 3.1M shares), its holding in Mouchel reducing from 12% to 9%, probably snatched up by a potential buyer of the company. You are allowed to acquire up to 3% of the company before it needs to be declared, so purchaser obviously wanted to remain anonymous for now. Share is a buy but not without some risk, however I think at these prices it has bottomed and a takeover is the most probable outcome.