Hello Sunsurfer, I hope you are well. According to the watchlist on my account international Consolidated Airlines Group SA closed the day at a mid price of 198.5 cents. So we are not quite there yet but hope fully closing above two hundred cents is only a matter of time. Good luck.
The share price is now back above the figure of 153 pence that it closed at on Thursday 25th November. That evening it was disclosed that the new Omicron variant had been discovered and officially named. Sunsurfer, could I suggest that you give up forecasting share price movement, it can make you appear very foolish.
You are a little ray of sunshine AimMaster2018. That is now thirty six posts since Saturday morning on the IAG discussion board virtually all of which are negative. I suspect you might be shorting this.
A brief thank you to IAGLongterm for being so positive on a gloomy Sunday when I was fearing a further drop in value today. To read that the Omicron variant is potentially only a mild version of the delta variant was reassuring. Let’s hope this turns out to be the case.
Just in case anyone is assuming that the half year report is negative, these are the headlines
Adjusted PBT +36 per cent at £23.7m
PBT +67 per cent at £26.5m
Core net debt -53.98 per cent at £20.8m
Group revenue +3.2 per cent at £239.6m
Market cap now £162m.
Negative forecasting by the chief executive and the chief financial officer has successfully reduced the share price by 20 per cent. Well done gentlemen, despite stellar figures you have further destroyed value. Expect an offer from a group who knows how to create value.
Interesting to note that it is still not possible to login to the above as a member, as the company are still carrying out “planned maintenance” of the website. This means that it is not possible to book flights using Avios. This smacks of the company preventing members from reserving seats ahead of fare paying customers.
That is a seventeen per cent erosion of value since the high point of Monday 8th November. Still no sign of this trend reversing. I agree, 153 pence is good value, unless of course you can buy more today at 4pm at 150 pence.
I thought that Mr Kendrick would be the new chief executive to take this company to the next level and finally realise the true value of the company. Unfortunately this has not proved to be the case. Communication with the stock market has been kept to the absolute minimum which has resulted in erosion of both company value and my investment. My hope now is that the half year results will help to push the share price closer to my break even and I will divest, never to invest again. This is an excellent company but is under performing because of poor management.
Citadel Europe/Advisors further reduced short positions yesterday, 0.10 per cent and 0.04 per cent respectively. Were Citadel to close out altogether, would this herald the end of targeted and relentless negative posting ?