The latest Investing Matters Podcast episode featuring Jeremy Skillington, CEO of Poolbeg Pharma has just been released. Listen here.
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.
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.
Meaning -
stock catalyst is an event that causes the price of a security to move, often significantly. In a simplified sense, it can be either bad news that unnerves investors or good news to get investors interested in the stock again.
It appears that nothing will push our share price higher and virtually every tiny piece of news presses it down. I can’t wait to exit this investment, it’s been dreadful.
Sundezena, do you really believe in your heart that the IAG share price will rise as you say or are you just trying to convince yourself. Had I copied all your posts there would not be enough space to prove that you have been incorrect every single time that you post. We have not been near 180 pence since November 2021, please for the love of God stop this absolute nonsense. Your credibility is in shreds, you are the ISG discussion board dreamer that is away with the fairies ! I’m sure you are a decent person but please desist from hopeless ramping.
It is a concern to me about how much influence some of these brokers have over the movement of a company share price. On the day that Deutsche Bank downgraded airlines specifically Easyjet, Bank of America were upgrading, EasyJet included. How can two similar organisations adopt such differing views and why does the downgrade have more of an effect on a share price than an upgrade ?
The chap makes some good points.
https://www.investingcube.com/iag-share-price-remains-strong-despite-weakness-in-ftse-100-index/
This won’t happen No1Scarlet. Had IAG announced that they had received an all cash offer of £30b, the share price would still have fallen because the clowns running our economy have lost control. Profit and dividends mean nothing when global stock markets move against the economy of a country, witness Jet2 yesterday. We are doomed because Hunt and Bailey have run out of weaponry to fight inflation, which we, the tax paying hard working British public are apparently responsible for !