Member Info for Skindle

The value of British business is not being fairly represented because the London Stock Exchange is failing to attract global investment. The London Stock Exchange is itself being sold off, what chance do the constituents stand ? Our wretched Government is destroying our whole economy before our very eyes !

Cheerful Charlie over at Investingcube has written some more pearls of wisdom to make us all feel better…………………not !

https://www.investingcube.com/iag-share-price-remains-sideways-as-uk-equities-extend-gains/

Good to hear from you B2, Norway it is then, good choice. Start the process.

Excellent observations Fordm, Bobbins2, are you still with us ?

Hi Bobbins2, there is always a solution to a problem. Here is ours -

https://www.telegraph.co.uk/business/2023/08/17/under-50-time-jump-ship-leave-britain/

I cannot believe that any nation in the World would seriously consider further lockdown restrictions again given our significantly improved understanding of Covid. This will not stop global travel but lack of expendable income might.

Upgrades IAG to buy from reduce.

Here come the broker upgrades. The Deutsche Bank decision looks a bad call at the moment.

For the latest assessment on the state of the British economy and more specifically the immediate future prospects of the IAG share price please refer to track ten of the latest Muse album ‘Will of the People’. Thank you.

Well that about completes the set. Virtually all American and European airlines have now reported and the share price of all of those companies dropped post results. I think we all know what is coming on Friday, an excellent half year of trading will be reported followed by a six to eight per cent drop in value. Critically, we closed today below the one hundred day moving average of 153.389 pence. Still, another buying opportunity coming our way I suppose!!

That’s all the moving averages broken bar the two hundred day at 146.3 pence. This is not looking good. There are some dark forces in play here out to destroy value. The short haul airlines are currently suffering more than the long haul I assume as a consequence of the Ryanair update.

Have increased their short position again on 19th July by 0.10 per cent, now up to 0.62 per cent.

Define ‘certainty’. How many years and changes in Government are we from the holy land of certainty ?

This is so painfully slow, excellent results all round and barely a flicker of interest. Expect the same response when IAG announce their quarter results next week.

Glad to be wrong. I rarely forecast any price movements as I am wrong on most occasions. There is hope for us all yet.

Agreed Fordm. All moving averages bar the 200 day have now been broken. I fear a big drop on the FTSE 100 tomorrow and by association IAG.

I think an interest rate hike next month is inevitable because if the inflation rate shows a significant reduction, the BOE will raise rates to counter relief consumer spending and if there is a small drop or even an increase, rates will go up to continue the fight against inflation. As an innocent borrower the BOE won’t be happy until we are all homeless and living on the streets as with no address, no credit and so the crazy overspending that the British public have been up to for fifteen years will stop. Liam Halligan at the Telegraph is a good read. His take is that the last ten interest rate hikes have not fed into the system yet, so raising rates further is madness until we know what the full effect of thirteen rate hikes has had.

Reiterated its overweight view yesterday and raised its target price of IAG and the market barely looked sideways at it. Duetsche Bank turned bearish last week on most airlines, not just IAG but retained its buy rating on Lufthansa unsurprisingly.

It’s quite a coincidence that some posters from previous times return at the same time as Marshall Wace increases its short position in the company.

Expect a drop when these two vultures turn up !!