Member Info for Skindle

This is lifted from that Cityam article that Livestock provided the link for.

Separately, ratings agency Moody’s upgraded British Airways’ owner IAG’s outlook from stable to positive, stating that “current positive trends, including strong bookings and yields for Q2 and lower than expected fuel prices, will lead to stronger credit metrics for IAG in 2023 than previously expected”.

The outlook is now very positive from all angles although I suggest Liberum were wearing rose coloured spectacles at the time of their forecast upgrade. Despite this positive sentiment the share price continues to struggle, every penny is a grind taking hours to climb a penny and minutes to drop two ! This type of narrow band price action is so frustrating. It brings to mind that saying about St Ledgers day !!

Hi Sundezena, you were not wrong on this occasion but there is very little in it. Could I ask you to temper your endless optimism with a drop of realism please. At the moment we are seeing lower highs and lower lows intraday, I really hope this worrying trend reverses in the short term. Currently we are above all moving averages except the five day.

It happens every time you post Sundezena. You call it up and down it goes. Expect to see 152 this afternoon !!!

Forget the average weight Fordm, cap the weight at say one hundred kilo’s per passenger including luggage. Much easier for the airlines to calculate. There has to be some consequences for being over weight. This nonsense about glorifying and accepting obesity in society is not good for the health of the nation.

I totally agree with that. Why should I be penalised for carrying three kilo’s over my luggage allowance when I am ten kilo’s lighter than the passenger in front of me

Hi Bobbins2, very valid points. Our house is currently under offer and we are seriously considering leaving the UK for good. This disastrous Government, the shockingly inept Bank of England and this crazy liberal society where it is not an offence to walk down the middle of Regent Street and hold up traffic to make a ridiculous point. Added to that virtually six months of dreadful weather in South England is enough for us. If this sale progresses to a successful conclusion we are joining Fordm in heading out.

That does make me feel better Fordm. I hold Switzerland in high regard as far as economic management is concerned. Swiss inflation is much lower than the UK however so they must collectively be doing something right.

There is nothing wrong with the majority of airlines, our problem now is our current incumbents in Government and at the Bank of England. They really have elevated themselves to a new level of incompetence. I am astounded at how appalling their forecasting and management of our economy has been.

After Sean Doyle is removed from his role as chairman AND chief executive. A competent chief executive should be appointed as well as an independent chairman, one person should not be performing both roles.

But once the buyback is complete, there will be one less buyer in the market, will this not lead to a drop in share price ? Surely the buyback is the reason behind the increased share price. On another note, the Bank of England raises interest rates twelve times in twelve months to fight rising inflation, the inflation rate drops twenty per cent today to 8.7 per cent and the FTSE falls off a cliff. How is the average investor supposed to understand this ?

As ever the forecasters of the past few days have been proven incorrect. You really need to learn lessons from trying to predict the movement of a share price, it really is a mugs game. Four days ago I’d have been happy with 157 pence !!!

Batmen, when our car was new a full charge provided 240 miles but now that same full charge only provides 210 miles. Virtually no servicing, same brake pads, just a brilliant device.

I must disagree with you about Tesla Fordm. I have owned one of the first fifty cars into the UK from 2014. Ninety six thousand miles later our car still drives like a new vehicle, I would not buy another combustion engined car, they are so much more expensive to own and run.

Marshall Wace continue to “buy”, their short position is now reduced to 0.44 per cent. This would suggest to me that price movement to the downside is likely to be minimal. Most of the large brokers are now forecasting positively, it is therefore somewhat frustrating and disappointing to see the share price trapped in this narrow band.

After a sleepless night on Thursday night I was extremely relieved to read such a strong first quarter trading statement which included all that we could hope for, nett debt reduction, a marginal profit and increased revenue. I am however mystified by the continuance of a stuttering share price. Marshall Wace took it upon themselves to reduce their short position by 0.4 per cent having increased it only days ago by 0.1 per cent. The share price now sits marginally above all the moving average values except the year to date price which is currently at 153.012 pence. The theory is that the share price should increase significantly from here on and I fully expected to see 160 pence yesterday so a closing price of 150 pence is disappointing. The company have worked miracles to squeeze a profit before tax given the nigh on £20b of borrowings, I would guess that this aspect is still the reason behind the sluggish share price. Still, if the market can support a price of over 200 pence in June 21, then there is hope for more of the same in June 23.

Robbren58, I cannot see the point in posting a twenty month old negative article from the Mail On Sunday. The company fundamentals have improved significantly since this article was written. I’m fairly certain that our share price will decline tomorrow, I am hoping however that we can stay in the 140’s, recent history would suggest that this is unlikely. Conclusion - we should all have sold our IAG shares on the 3rd February !!

Judging by the first quarter trading statement from Shell, I suggest IAG stop flying aircraft and begin selling oil, two quarters trading and the debt is covered ! Simples !!

Unfortunately Sundezena, the price is fairly certain to drop tomorrow regardless of the content of the trading statement, the question is how far will it drop before it finds a new support level. We are hopelessly under the control of the American markets (and their ongoing banking crisis) despite the improving forecast for the British economy.

OzzieBTC, the FTSE closed at 7,788, it is currently trading at 7,736. It is being pulled down by the Dow, since the FED raised their bank rate again this evening.

I knew it ! Your posts could only have been written by computer, not a grammatical or spelling error in sight. Too good for a mere human being. Another cracking day in prospect tomorrow, the FTSE 100 is down a further fifty points since the close at 16.30 today. We are being stymied by the wretched American economy. We’re doomed !!