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Dividend yield is almost 5% (which is blue chip territory). No reason to think it won’t be rising further on these results.

There goes £52. Iron ore has hit a 7 year high and copper is booming. China is cranking up industrial output again, so the good times for Rio and other miners are set to roll into 2021.

@George_Wright

And yet, the FTSE 100 has gained 14% this month. These are odd times. Brexit uncertainty has been holding back foreign investment in the FTSE since 2016. Much of that uncertainty will be gone in the new year. Covid will likely be in retreat too. We could be looking at a double whammy for the FTSE, but in a good way.

Boris will dither until the very last minute (not a negotiating ploy, just his nature), but he knows that no-deal would be a very bad idea, on top of all his (our) current woes. Fishing rights are a very big (symbolic) line for the UK, not so much for the EU. The EU will probably concede on fishing and the UK will likely give way on the trade sticking points. A Brexit deal and further progress on vaccinations will probably see the FTSE near or above 7000 in the new year - and IAG above £2. Meantime, the sp will be all over the place.

Perhaps DubleD, but I have been booking package holidays (flights + hotel) with BA for many years and have always found them to be extremely competitive, plus their customer service is top notch. For example, the only time I experienced a delay with BA was a couple of years ago when the aircraft became unserviceable just before boarding. In no time, I had received an email informing me of the alternative arrangements. The staff pulled out all the stops, issued food vouchers and took us to stay in an airport hotel, where we were fed dinner and breakfast. BA Holidays called me to apologise, said they had informed my hotel in NYC that I would be checking in a day late and refunded 1 night’s hotel charge immediately. Next morning we were off on an alternative aircraft. On top of that, BA coughed up the statutory compensation of £500 within a week, which knocked a chunk off my costs for 6 nights in NYC. A lot of people seem to knock their customer service, but I can’t fault it. I know that the pax on a Norwegian flight to NYC, which was also cancelled that day, were left without assistance for hours.

News of the US government being on the verge of lifting almost all restrictions on London - NYC flights is good news. I think we will see very incremental increases to IAG’s operations up to the end of spring, after which I think they will be pretty much back to ‘normal’, perhaps with a bit less competition (Norwegian?), with a leaner fleet, but with a lot of pent up passenger demand. Of course there will be hiccups along the way (results time might knock 10-30p off, for a few weeks ) but it is hard to see the sp not being circa £2.50 this time next year.

Onwards and downwards, more like. I wish I could share your optimism, but on another day when most oilers and miners are soaring, PPC’s performance is back to where it was at the height of the oil crisis.

I’ll settle for 350p by 2022. Where else am I going to more than double my money in 2 years? I would hope to see a divi back on the horizon by then too (hopefully back to circa 5% by 2025).

I think it is rather unfair to blame investors for the missteps of management. Of course PPC is a speculative share (incidentally, I’m slightly up on my very modest stake) but that does not mean holders ought to take, lying down, what they consider to be poor management decisions. However you cut it, the optics of this 1p share issue are rather poor.

I think reports of the imminent demise of oil have been somewhat exaggerated and stoked by the temporary effects of the Covid crisis. I can see the move to electric vehicles being delayed, probably by decades, once the reality sinks in that this will not be achievable in the sort of timeframe envisaged, even by rich Western nations. I think the sensible compromise in the next few decades will be hybrid vehicles.

Meanwhile, while just about every share in the FTSE has been in recovery for the last couple of weeks, PPC has been heading south, again. There comes a point where the CEO of a company with a perpetually lousy share price must run out of reasonable excuses - and should start asking himself if the problem isn’t him.

1p? Why not go the whole hog and give them away? By all means reward and incentivise employees, but don’t signal to the market that you regard your own shares as virtually worthless.

Another silly knee jerk reaction to an entirely predictable trading update. What were people expecting? As usual, the sp will probably recover once the market has got over today’s flap.

Most of the comments here remind me why I tend not to visit the site very often these days. Like most ‘popular’ share BBs, this one has become all about petty point scoring, rather than informative and sensible discussion.

@Motbuck

Twas ever thus. Ever since I bought this share, over 2 years ago, it has been all over the place, so much so that at one point I was convinced there was some dodgy manipulation going on. It's just one of those shares. Thankfully it it heading in the right direction these days, but still very fluid.

I fail to see where the 'bad news' is here. Anything promising me circa 8% yield for the next few years is a definite keeper. Some people are never happy.

It won't be long before some of the other vaccine trials start reporting - and the results are likely to be positive, particularly from those using similar technology to the Pfizer vaccine. Of course there will be dips, but there are likely to be more jumps ahead too.

(From Reuters 11 Nov 20)

Short sellers lost billions as travel and leisure stocks rallied Monday

Short sellers betting against European and U.S. travel, leisure and bank stocks lost billions of dollars on Monday, after news of a COVID-19 vaccine triggered a rally in shares of companies that have suffered under months of virus-fueled restrictions and lockdowns.

Investors positioned to profit from declines in European travel, leisure and bank stocks alone lost more than $500 million on Monday, according to data provider ORTEX Analytics.

This week's dramatic rebound in beaten-up share prices followed Pfizer's announcement of positive data from its vaccine trial, raising hopes of an economic recovery.

Calculations by ORTEX Analytics showed short sellers of European travel and leisure companies lost $284 million based on positions held on Monday. Losses for European bank short-sellers totalled $233 million.

Rolls-Royce, Carnival and British Airways owner IAG rank among the biggest winners of this week's rally, while bank stock risers include Societe Generale , Barclays and Lloyds, all up between 10% and 25%.

But for short sellers the rebound equalled pain after several months of profitable bets -- they lost an estimated $101 million on Deutsche Lufthansa on Monday, $52 million on TUI and $66 million on HSBC, ORTEX data showed.

Investors have banked profits and reduced positions since August. But significant outstanding short exposure remained as some bet on further falls following another round of government lockdowns.

https://www.hl.co.uk/news/2020/11/11/short-sellers-lost-billions-as-travel-and-leisure-stocks-rallied-monday

You mean, it will behave like a share? Tell us something we don't know.

Of course investing in IAG (and taking up the RI) was risky - and most of us did not need to be reminded of that fact, even though these clowns seemed to revel in doing just that every 2 minutes. The prospect of an effective vaccine coming along, sooner rather than later, was always a reasonable bet. I think by next summer IAG will be soaring again. There is an awful lot of pent up demand for overseas travel.

The Hargreaves Lansdown site crashed for a while this aft too (as did this site). You might hope they would have some extra resilience built into their systems for surprise heavy trading events. Anyway, I don't trade so it was a minor inconvenience to me. Nice bounce today - exactly as many here had predicted, once we got some more solid vaccine news.