The next focusIR Investor Webinar takes places on 14th May with guest speakers from Blue Whale Growth Fund, Taseko Mines, Kavango Resources and CQS Natural Resources fund. Please register here.
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