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It has now reached all of my target price starting from 70p to £1.50 , £3, latest £4; now I am with nettle , Rr can go anywhere from here like Nvidia !! Took all capital out having free ride with decent amount still holding ! Sky is the limit … I won’t set any more target price , will hold to see his high it can go
Dyor
My target £2 at minimum before it’s fly like RR to £3.50 region, huge demand from passengers , airlines are struggling to accommodate rather than selling tickets . Iag is not a small fish , a major airline at the global stage !
Dyor
Iag should be at least at £2 given its earnings for last year over was £3b, its current enterprise value roughly £16b ( Mcap £7b+ debts £9b)! We should see re- rate soon , I know it’s frustrating for short term investors but I’m optimistic as LTH, I have witness the same on RR, my target price £3+ as i said a few times before , soon as they bring dividend back SP should fly too as the business is profitable, generating good cash flows , operating at pre pandemic level flying hours , only slight concern is capacity which IAg is managing well , they have enough planes to keep up the demand
Dyor
Another re- rating on its way , expecting some fire works today , Rr going up ! Dyor
Group underlying operating profit for 2023 came in at 1.6 billion pounds, well ahead of an analyst forecast of 1.4 billion pounds and its own guidance of 1.2-1.4 billion pounds, and compared to the 652 million pounds it made in 2022.
A balanced fool article this time ! I’m would watch out few things tomorrow;
Profit exceed £1.4b
EPS 13p
Forecast eps growth 25-30%
Flying hours >90% pre pandemic
Improved margin and cash flows ,
If all good may top up
https://www.fool.co.uk/2024/02/21/could-rolls-royce-shares-hit-5-in-2024/
Dyor
It’s a good indicator, Rr result will come good too
https://www.msn.com/en-gb/finance/other/airbus-forecasts-higher-a-deliveries-and-announces-special-dividend-as-boeing-struggles-with--max--crisis/ar-BB1ijeRE?ocid=sapphireappshare
I’m becoming more optimistic on Iag, looking forward to the next update which may rerate this stock to £2 then my target £3.50+. Following rolls Royce though it’s not the same business however Iag a leading European airline and travel industry is now back to normal at the pre pandemic level , can someone remind Iag share price at that time factoring rights issue / dilution affect ?
Dyor
Look forward to an upgrade post results! My next target £4.50! One of the best stock I ever picked in my entire trading life , so far doing well. Have to admit trimmed some to balance portfolio and reduce exposure , basically took all my capital out , having a free ride , however still holding a big chunk until it reaches NTC £7, more likely will hold for regular dividend as passive income through ISA account
Dyor