Clearly the company has taken on additional debt. What’s hard to gauge is where the SP should now sit. General direction of travel is upwards but I’m not sure now to what level.
Home Secretary - very positive quotes in Q&A22 May 2020 18:44
In Q&A the Home Secretary was very positive about engagement with airline industry. Some quotes: Air bridges - open to all ideas - not for today but should not rule out for future. Aviation is the lifeblood! We will look at all options. How we can naturally get the sector moving again.
3 weeks quarantine from 8th June makes no difference as restart in July. By then I reckon “air bridges” will have been agreed as well as safety standards. If the shares do fall i for one will be topping up! :-)
Was tempted by this mornings drop but Trump is brewing for a fight to deflect criticism from his handling of covid-19. China have just given him the perfect opening...
Imagine the global stock market will be in for a bumpy week ahead when Trump inevitably retaliates against China over HK. Also be interesting to see how positively or negatively Patel spins the quarantine message later. Long term IMO this stock will rise as it is a well run company and easily a better choice than the chaos ensuing at EasyJet!
Like everything in life this nonsense with quarantine will pass in the coming weeks. When that happens the SP will fly I believe it will happen very fast so those sitting on the sidelines risk loosing out IMO. You can only hold an inflatable under water for so long!
‘Up to’ 20% additional shares so guess that translate to a ?20% fall plus or minus whatever the market sentiment is. Dart due to update on the placement next Wednesday.
Despite the obvious news I found the company update and their different scenarios very reassuring. Even in the very unlikely worst case scenario that flying didn’t resume until next April they would still have £65 - 75m. Personally I will be buying on the drop