Member Info for Teddy100

@Medlington. The Quataris hold 25% of IAG and they are supporting it, the FI’s will also support it the PI’s will have no relevance in the vote, it will happen much to my annoyance.

Regarding the SP, providing you take your full allocation you are protected as your ownership share has not been diluted but there are more shares which means that the earnings per share will be diluted. Any future dividend will be diluted severely by 40 to 50%. RI’s are a good tool if the cash is used to generate revenue streams and ultimately profitability, if the cash is just used as a back up to cash burn the SP will go down very fast. I can see the SP dropping 10 to 15% on announcement. IAG have made a real mess of this RI and I don’t know what they are playing at this just have all been announced last month, there is too much uncertainty.

@Putmeonlist: The Rights issue will probably work
Like the ex dividend date, it mill be more than certain to be in the future and probably The Monday or second Monday after the AGM. Like the ex dividend date the date ex Rights day will be set and anyone who is an investor or buys the share before the ex Rights day will be able to participate in the RI. The SP is likely to drop in that time and one has to decide if it worth taking the bottom price or the RI, make no mistake if there is no massive news in vaccination news, this SP will be very volatile in the next 4 weeks. The current rise is due to the flight pre-testing, if Heathrow can get that passed it will be perfect timing for the RI.

What is not helping is the media creaming themselves about impending quarantine on the likes of Greece and Turkey which is having a negative sentiment on this share, make no
Mistake this week is going to be tough if we don’t get some good news. The gov’t has thrown the travel industry under a bus and IAG have not helped with the way they have handled this RI, As a long term holder in IAG I believe WW has screwed loyal shareholders at the expense of the unions. We need some good news as I feel the tide is going out.

@Paddyboy. I thought you had bailed a week gone Wednesday. You are brave jumping into Nex? IAG is a much calmer proposition. It will be good to see you back Paddyboy but you won’t be jumping in at 170p, I can’t see this going much below 200p as the City got wind of this late on this afternoon and most of it has been priced in. The French market for IAG has very little bearing on operations, IAG will still run them as they do for Spain. It will have more affect on the low cost but we will see in 8 and half hours.

If there is a positive, Len and Unite will have their wings clipped, as the UK aviation and travel industry have few friends in this moment in time.

France, Malta and the Netherlands. No wonder we have the worst GDP figures from the Q7 we are governed by ****ing muppets. At least it was priced in this afternoon most people who go to France are travelling by car so I can’t see a massive drop tomorrow it is not like Spain.

@Pang: There are no specific details on the RI, all we know is that a 2.75 billion RI has been underwritten by GS, MS and DB on a standby basis. The Quataris who Owen 25% of the shares have confirmed their intention to take up any issue and support it. The AGM will happen in September, I believe this will now be late September. It may happen it may not, it depends on current cash burn, operational profitability/costs, one thing for is sure there is going to be a lot of dilution on the current SP, I am wanting to believe this has been created to cause havoc with the unions, if it isn’t IAG have made a monumental **** up. If there was no RI on the horizon this SP would be at least 300p, you have to be a committed IAG investor to see this through.

Afternoon jitters about the French quarantine thing and others. I think that is why the SP is fading.

Paddyboy, where are you? Did you sell up last Wednesday at 4:28 after that victorious Blue day? We haven’t heard from you.

I saw it, for a nanno second it showed -8% on my screen.

@Baz: I don’t really take a lot of notice of what analysts are saying as their judgements tend to be self-serving. Make no mistake this company is probably the most analysed in the ftse at the moment. This morning out of 18 analysts there were 14 buy holdings and 4 holds with a concensus to buy. As for RI and dilution well it depends what the sp is if they announce it (Personally, I don’t think it will happen) if future projections look promising why would you launch an RI knowing that within 2 or 3 months the SP will rise which would lead to less shares being issued?

AA opened up 7.5%.

We should feel the 2:30 bounce loads of positivity over there with the Russian Vaccine. It looks like another 10% plus day.

I tell you what this BB is very quiet without the rampant derampers.

The rise is down to the trade union situation. It received little coverage over the weekend and hopefully it will be sorted over the coming weeks.

It is good to see that BA will start flying to India from the 17th of August. There will be 5 weekly flights to Mumbai and New Delhi and 4 weekly flights to Hyderabad and Bengaluru. These flights will see a good yield, India is a big place with a lot of people. Air India air space is virtually closed down but Overseas India Nationals, students, emergency and repatriation flights can still travel. Granted, quarantine will be necessary for both sides but IAG would have done their sums. The World is starting to open.

Nothing about RI’s has been published and there will be no discussion until at least the AGM is held, my own view is that if things start ticking away and the schedule increases week by week with a half decent load yield there won’t be one. Good prudence to get things in place incase you need to press the button and if you don’t -no harm done. Good performance of the SP today I light of all the negative news about quarantine, factor in the Friday afternoon shorters and profit takers a very good show. I am confident we will see a rise next week.

As stated, It works for me if they ban every flight in the world for the next 4 weeks, we need lots and lots of mayhem to sort the HR problem Out and when that has been achieved a great rock will have been lifted from IAG’s back. In business it is important to sort the fundamentals out and when you are running an airline HR is fundamental.

As stated not very nice for those losing their jobs but 6000 staff have accepted VR, it means the task is easier to sort out and It will reflect in the SP when it does, we mean see the SP end up blue today.

@Jenn: I don’t want to see anyone lose their job but in the current environment this is not sustainable. With all that is happening in the aviation industry the unions will garner little sympathy, there will be never be another opportunity for IAG to sort their costs out to reach parity with their competitors. I have heard most of the legacy crew will accept the VR and apart from a small minority there is an acceptance for change and Len’s ranting and raving will fall on deaf ears. Personally, I couldn’t care if the SP drops to a pound and there is a complete ban on all flights for the next month, the more drama the better to get this saga over the line. IAG can then instigate policy that will make this organisation a world beating airline. The current SP has little relevance for me as I am in for the long term. I know how much metal the IAG group has in the sky each day (Which is a ****ing lot) and if the load factors are at least 50% we could b/e in the 3rd quarter.