Member Info for Skindle

I think much will depend upon the strength and direction of the FTSE 100 over the coming months, as the IAG share price is still tracking the FTSE 100 on the three and six month chart. Barclays haven’t helped matters by forecasting that the recent banking crisis has served to deter investors from risk.

I’m not holding my breath DB2014, the results in May 22 had a very negative effect on the share price. We reported very positively in our final results in February 23 and again the share price dropped significantly. I can’t see May 23 being any different.

Geng, thanks for your observations, interesting. I have to say though I am sick to the back teeth of buying opportunities with this company. How about a selling opportunity for a change ? There is a huge gap to fill above 173 pence and I will be delighted to fill it with a big fat sell order !

AS has hastily had to post an updated article on Investing Cube following our broker upgrades last week. Gone is the teacup and handle nonsense. AS is still not bullish but a breakout above 156 pence would apparently lead to a break out above a trend line.

America produces the most oil in the World annually. Why can’t they raise their oil production as a counter measure.

The government should have deployed the Army like last year. They did a better job than the full time border force.

There is a very negative forecast article on the above mentioned website about IAG, written by an analyst that correctly forecast the recent rise back up to 150 pence. This article however was written on the 27th March when the share price was at 137 pence and before the broker upgrades yesterday. Something about bearish tea cups and handles. Not sure whether to take it seriously or not. On another note, Marshall Wace reduced its short position further on the 29th March, now down to 0.59 per cent.

Two broker upgrades in one day ! Just like buses, nothing for ages and then they all turn up at once.

There is a book in you Bobbins2. This time next year you could be a millionaire, that is assuming you aren’t already !

Is it too much to hope that the share price could recover to the pre banking crisis level of 154 pence on the 9th March. Probably !

Lloyds identified the the problem in his post. Our progress over the coming months will hinge on the survival of the middle American banks that have recklessly expanded following Trumps relaxation of banking regulations. Rising interest rates, falling commercial property values and the outflow of cash from these irresponsible banks could lead to further failures which will inevitably affect the FTSE 100 and by association IAG. Let’s hope this doesn’t happen.

Ahhh, finally some good news, hopefully the first in a series of broker upgrades.

Both the FTSE 100 and the IAG share price are virtually the same as 28 March 2022 !!

In the darkest hour it is often easier to see the light ahead.
The Natural Gas price hasn’t been this low since September 20.
The price of oil hasn’t been this low since the end of 2021.
The retail sector experienced a welcome rise in February 23.
The UK is now forecast to avoid a recession.
Even our current Bank of England incumbent spoke positively about the rest of 2023.
On my weekly IAG chart, following weeks of red candles, this week turned to green despite the lower price.
I am with Lloyds, this could be a turning point.

Bobbins2, a last meal at The Grand before a casual walk up to the cliff. We can jump together !

Just rang Barclays to book a flight to Malaga, but they told me they are not an airline !!

It doesn’t help that Tui haas announced a rights issue.

I can’t think of a time in the last forty years when I have felt more pessimistic about conducting a business in the UK. The current bureaucratic legislation and taxation are so punishing that were I a young enthusiastic entrepreneur, the UK would not be my first choice to begin a fledgling business. This government is doing nothing to encourage investment, small or large. As I write, the FTSE 100 is down another 73 points since the close at 16.30. I fear for future of us all.

I suppose we could invite Putin over for dinner, arrest him and wait for the loud bang !

No one likes a show off Fordm, just because you live in a well run country with low inflation. Spare a thought for your fellow investors living in our dreadfully run land !!