Member Info for Skindle

Another fund has added itself to the list of open short positions on Tuesday. The total is now 4.06 per cent. As the company did not spend the full allocated funds to buy back the fifteen million shares, surely they have sufficient head room to increase the targeted purchase number.

AC777, oh dear, prepare for further diminution then ?

Is it possible that the share price is being intentionally held down during the process of the share buyback ? If that is the case we should reach the target of fifteen million shares today. Maybe tomorrow will see a return to growth.

Over seven days the company has so far bought back 14,100,000 shares and still the share price continues to diminish.

Thanks for your post marsaud, sorry to hear it hasn’t worked out for you. Sundezena, the job of recruitment is clearly nowhere near being resolved, the war in Ukraine is far from over and petrol is forecast by the RAC to reach two pounds per litre in the short term. I really can’t see much reason for optimism currently.

Trades 11,101
Vol. Sold 21,316,130
Sold Value £27,446,442.24
Vol. Bought 10,897,944
Bought Value £14,139,045.17

A large imbalance In favour of sells. The volume bought includes the company itself buying three million shares.

** Morgan Stanley evaluates potential risks for the airline
sector in a 2023 recession scenario, as it looks beyond the
expected post-pandemic peak in summer yields
** The broker says its base case assumes 2023 EBITDA 20-30%
below 2019 levels for the same capacity, based on high oil
prices and a likely dip in holiday demand once consumers'
savings levels come down
** In its recession scenario, MS sees 2023 free cash flow
loss of around 10-40% of market cap for the sector, with Air
France-KLM AIRF.PA taking the biggest hit (around 40%) and
Ryanair RYA.I suffering the least (9%)
** The broker cuts British Airways and Iberia owner IAG
ICAG.L to "equal-weight" from "overweight"
** It says that even though IAG's valuation looks attractive
on post-COVID earnings recovery, high leverage and negative FCF
in 2022 will be an overhang to the shares
** MS says it stays defensive and prefers Ryanair RYA.I
and easyJet EZJ.L , given less downside if there is a recession
and their more attractive risk-reward skew
** It maintains "underweight" rating for Air France-KLM and
Lufthansa LHAG.DE
** Airline stocks dipped on Tuesday after the EU sealed a
deal that aims to cut 90% of Russia's crude imports into the
bloc by the end of the year, with IAG, Air France-KLM,
Lufthansa, Ryanair and easyJet falling between 2% to 5%
urn:newsml:reuters.com:*:nL8N2XN1YN urn:newsml:reuters.com:*:nL4N2XN2OF

AC777, while protecting your investment, the chart has cost you a good five pence in uplift this week. There appears to no weakness in the current rally that began on Wednesday morning.

Sandbar has again increased its short position yesterday by 0.11 per cent. Their short position now stands at 0.92 per cent. With Wall Street heading down again this evening towards the thirty thousand mark and the FTSE blindly following, next week is not looking promising.

I hope you don’t mind me asking but what is your buy order set at today ?

I make it four times this week we have moved from a bull market to bear market and back again. I can’t keep up !

GLG Partners increased its short position yesterday by a further 0.10 per cent, bringing their overall position to 0.60 per cent. Is there something that we are not being told ?

Another underwhelming performance from our share price today despite the FTSE moving up nicely and American, Delta and United again showing gains of around five per cent. After such a significant decline in the value of IAG in recent times it would be fair to expect a dead cat bounce, but we appear to have been saddled with the dead cat and absolutely no bounce. This share price is as weak as a kitten !!!

I think Sean Doyle should have included his own departure as part of the overhaul. There is no quick fix for years of Willie Walsh cost cutting unfortunately.

I posted a message on this board some months ago from Sean Doyle to Executive Club members promising to resolve all IT issues, customer service telephone calls would be answered immediately and to transform the travel experience with the airline from awful to memorable. To date I see no change and no prospect of it either. It is clear to me that BA is the anchor around the neck of IAG as a group. In my opinion and for the sake of the group, now might be a moment to consider the sale of BA as a going concern which would resolve the issue concerning the EU ruling as a consequence of Brexit and significantly reduce debt.

With respect AC777, even the charts are unable to forecast the movement of the IAG share price. It would be fair to expect some element of gain today in light of the strong gain seen from the FTSE, American Airlines are up two point five to three per cent but inexplicably IAG and EasyJet are merely treading water. Clearly the poor performance from British Airways is weighing heavily on the rest of the group. I fear further diminution from here.

Both Kintbury Capital and Sandbar Asset Management increased their short positions on the 5th May, both now hold 0.71 per cent short positions each.

AC777, good spot concerning the Sandbar Asset Management short position reduction. This suggests to me that an increase in value is imminent.

US crude now $110 per barrel, a further two and a half per cent rise, single handedly destroying the value of airline shares.

2022
# Trades 6,938
Vol. Sold 6,433,717
Sold Value £9,405,414.10
Vol. Bought 11,294,094
Bought Value £16,479,697.48