Member Info for Skindle

I am disappointed that the trading statement has still not been released but I take comfort from the fact that our most vociferous shareholder, Frasers has not issued a public statement of complaint. I take that as a good sign.

The year end figures would have been known at the end of March, there is clearly something going on that is causing this delay in releasing the trading statement. Fortunately the share price is not so far dropping as a consequence of this uncertainty.

In brief terms my guess for our forthcoming trading statement is that the final quarter has been in line with expectation and that full year profit before tax will be at the top end of expectation. The strategic review is still ongoing and further information will be provided along with the release of the final results in June.

In other words nothing more than we could have been told at the end of March. The board of Studio/Findel have been using this cautious tone for years under Mr Maudesley, I wonder if it will be any different under Mr Kendrick.

Linkop -“ I got out at 216.7p first thing in the morning, but I don't think this will go down below 212p today or Monday.” Closing price today 211.10 bid, 211.20 ask.

That is why predicting the share price is such a mugs game. You will either be right or wrong. Today you were wrong.

Good to hear that you have invested again Ejackson. My last investment was back on the 23rd March. Under Mr Maudesley I felt comfortable increasing my holding but Mr Kendrick has undermined my confidence somewhat by delaying the trading statement. My fear is that his first trading statement will yet again promise much for the future but again do nothing to repair the significantly under valued share price. I hope to be proved wrong.

Every day there is a list of small trades followed by the publication of an RNS confirming a sale or a purchase by one of our existing large shareholders. I really do not understand why retail investors, or indeed new larger institutional investors are not buying into this company. What is preventing this ? Can it be down to lack of shares ?

Debt in the billions.
Loss this year in the billions.
No certainty as to the resumption of operations.
Spaniards at the helm.
What can possibly go wrong ?

WJFrancis, yes fair point. From a shareholders point of view it is always preferable to see these roles performed by two well informed individuals which is the case with the IAG board. I am disappointed to note however that since Mr Walsh retired Spaniards now hold the main board positions despite BA and Aer Lingus generating a far greater percentage of the revenue than the Spanish airlines.

....fear not. The IAG share is certain to rise in the coming weeks as it has now lost all touch with the basic fundamentals and negative news flow of the business. Do you remember the old days when we all did our own research and if we considered that the company could possibly improve upon its revenue of the previous year and maybe even, beat it’s profit before tax, we might possibly invest our hard earned funds in buying some shares. Now here we are in 2021 where we find ourselves praying to God that the UK/US holiday flight route opens up sufficiently to allow some IAG owned aircraft to recommence operations. IAG owned flights into and out of other parts of the World still seem unlikely in the next few months. Exceeding revenue of previous years is impossible, a profit before tax is years away and a dividend payment is a dream, yet the share price rises as if the company is operating at one hundred per cent of its capacity. Have the market makers taken leave of their senses or am I missing something ? Yes, British Airways is flying a more fuel efficient fleet, the legacy of ancient costly flight deck/cabin crew contracts is gone but debt and the cost of repaying it has gone through the roof. Sean Doyle is making good progress as BA chief executive but I am against his appointment as chairman as I believe these two roles should always be performed by different people. As for Aer Lingus, Iberia and Air Europa, the immediate future is bleak with both South America and Europe in the tight grip of the latest COVID wave. It is a brave investor who is currently willing to part with hard earned cash to buy shares in IAG, but based upon recent trading history, one can’t lose, apparently ! As for DYOR, forget it, total waste of time. The share price bears no resemblance to its current financial position.

“A signn or warning of a momentous or calamitous event iOS about to happen...if this close below 190 today...the order of the day will be tin hats..lol”

You didn’t elaborate on what might happen if the share price finishes above 200 pence ?

I like your Brown Group merge scenario very much Ejackson. You may well have hit the nail on the head. I am surprised that Frasers has not reacted to our RNS this morning. Have they been forewarned of the delay to the end of year trading statement ?

“The next scheduled trading update will be at the end of March.”

The final sentence of the trading statement in January. It feels to me as if they couldn’t wait to see the back of Mr Maudesley and Mr Kendrick is now asserting his authority on the business by applying his own calendar for the future.

This indicates to me that there is no acquisition interest so now all that remains to discover is the final quarter income and profit before tax.

Thanks for the link Ejackson. I am expecting the following announcement this week -
Due to lack of interest, the 2020/21 end of year trading statement and strategic review update has been cancelled.

I missed that news of James Le Broq Ejackson, very well spotted. It makes me think that under Paul Kendrick the plan is to reject acquisitive interest and continue to organically grow the business themselves. I wonder whether the plan might be to call an end to the sale process when Mr Kendrick takes over on the 1st April and present a renewed business plan to shareholders.

Thank you for your thoughts Anapa69. I will remind you that along with confirming that I had sold my shares, I gave a reasoned explanation for my motivation to sell. My view was, and still is that the level of debt, combined with the very real prospect of no profit before tax for at least one year, and possibly two led me to conclude that 212 pence was a good exit point for me. I do not predict and I do not encourage anyone to buy or sell, I was simply confirming my current status, similar to many posters on this board. The result of posting this prompted you to call me a stup1d id10t. That does not resemble sensible discussion.

I actually do value some of the information you post and I respected your opinion but that Stup1d id10t comment killed your reputation in one fell swoop. If you wish to enter into sensible discussion with me I will be delighted to reciprocate. Shall we let bygones be bygones ?

Thank you oh Learned one. Of course your recent predictions have been so accurate, well done.

You make a fair point Livepari4 and indeed Virens1 does not blame anyone. My point is that making predictions either positive or negative is irresponsible and can cost people money.

Virens1, I don’t think those that blindly talk this company up realise the damage that can be caused. These comments are only made to suit their own positions. I sincerely hope that the IAG share price recovers sufficiently to restore your investment to former levels. Good luck, I will keep my fingers crossed for you.

I think it became clear to most posters during the latter part of last week that sentiment was beginning to change and this was endorsed by the fact that institutional funds were removed this morning at the commencement of trading in the mid one seventies. Making predictions like “Will finish the day upwards of £2” or “204p+ finish today IMO” beggars belief. I note that Virens1 recently purchased a substantial amount of shares in IAG based upon what he/she had read on this discussion board. How the rampers have more insight into IAG than institutional investors and Deutsche Bank is beyond me.

Sunsurfer, from what I have been able to glean from your posts, you are a wonderful example to us all as to how to enjoy life and you are most certainly not one of those who mindlessly post. I am fairly sure that you will have a better weekend than most of us stuck in the UK. Good luck with your investment and have a good weekend. All the best.