Bert Monro, CEO at Cora Gold gave a positive operational update at our London South East webinar. Watch the full video here.
AHH, sunsurfer, good to see you here again.
If anyone who reads this board from the old days, or indeed quiet observers or newbies, just think on this.
The big-blue posted this today re the RNS which was about the CFO moving on.
His take -
'Get mops and buckets out to clean up all the pee as you collectively wet yourselves when the RNS flag went up, lol.'
Awww, does he/she think adult investors actually wet themselves? Pee our pants? Even collectively?
I think he personally has posted over 100 times about a RI, he ****ed his pants with joy, only to be denied.
What serious poster or investor, even on a share BB suggests grown men **** themselves?
Unless of course it's a daily problem they face.
So, as a trader as opposed to a LTH I took a punt on Wednesday at £172
Just sold at £183.52
Happy to put the profit into my pocket ready for the weekend.
I did NOT sell because I believe a RI is imminent.
I did NOT sell because I believe the SP will dramatically decrease.
I sold ONLY to turn my paper profit into cold hard cash.
Good luck to all other holders and investors, no matter how you choose to trade.
See y'all on Monday. Enjoy your weekend.
'How much to repaint air Europe's aircraft?'
Nothing, Air Europe ceased all operations in 1991.
As for Air Europa, IAG is buying the airline and it will retain its current livery as it is not being absorbed into BA, Iberia or Aer Lingus. So again, nothing.
Of note, only it's 'Sky Team' logo will be removed as it will transition into One World.
If in future it is merged with Vueling, then a new livery may be applied.
Firstly, welcome to the board. Thanks for posting.
Secondly, it doesn't matter what your holding is. Be it, to your mind a small amount. You now own a chunk of IAG. That's what your investment means.
Finally, an average of 157? Many here would wish for such.
Good luck to you.
It's been a while since I was addressed as 'areso erudite' though I do find the typo amusing.
'when dud sudanza ever post he had sold some to take profits?'
That is not the point, it's not for me to call out sundenzas investing style. And I haven't, but somehow YOU know what he does or doesn't do, as re posted below.
''The likes of sundenza tell us all how much mega money they make, except they never cash in and actually make money because they are obsessed with the belief it is always going higher and higher and higher. They get taken in by the tide and but end up being dragged away back out and into the rip tide.
My point, which I think was fair to ask is, you are currently holding a stock with a 10% gain. The general rule of thumb is that if you achieve that, you've beaten the system, the stars have aligned and most investors then TAKE PROFITS.
But, you haven't. So, is it because you believe your investment will go higher and higher and higher?
Or are you holding, in the hope it goes down?
I'm just trying to understand while holders of IAG stock, hoping for a higher return are idiots in your mind. But you holding onto a stock for a higher return makes you different?
It's an honest question
Blimey you been busy these last couple of days here.
I note you posted this, it's the full quote as don't want you to come out swinging saying only part of your post is being used to suit an alternative narrative.
'The likes of sundenza tell us all how much mega money they make, except they never cash in and actually make money because they are obsessed with the belief it is always going higher and higher and higher. They get taken in by the tide and but end up being dragged away back out and into the rip tide. This pi lark is a very efficient machine for relieving people of their hard earned pension funds and savings. Every day, all day it is going on. They never sell and eventually get caught out. They just will not consider the 360 and TAKE PROFITS.'
I'm not sure how you know if sundenza does or doesn't take profits but that's a moot point.
Anyway, in this thread you post -
'I currently am deep in a number of stocks - one up over 10% today and I'll will take profits on that someday:
So, why you holding still? You believe it will go higher and higher and higher?
Until you cash it in, your not in profit at all. It's just a paper profit no?
So everyone else is an idiot, holding on to make a higher profit. But not you?
I feel you should consider the 360 and TAKE PROFITS!
You posted this yesterday -
'@defroster, l think anyone will be lucky to get this under 180p now..'
Well, by that standard, it took 5 mins of trading from the opening bell to 'get lucky'.
Though for me, I'm gonna sit on my hands for a while longer yet.
How you doing? Long time old friend.
No cat released as sadly -
'but BA have 6 74's fully serviceble and ready to fly.'
This is not right. All BAs 74s are (sadly) gone and retired.
Ironically, timed with your post, BAs last 74 flew this day last year.
That's absolutely right.
The cabin crew will have continued to be A380 trained on their annual SEP exams but will be out of recency on the AC so will need either a quick refresher course or familiarisation flights.
The Flight Deck colleagues will be in the SIM as we type.
One of the main reasons the A380 will be used on SH flights is to get as many crew back into recency as possible, easier to get the numbers back up by keeping the AC on two hour turnrounds than rotating crew on 8 or 9 hour flights which would also require trained crew at the destination airport to return the flight.
All BA operated flights still currently arrive and depart from T7. It's own terminal in JFK.
The move to the newly refurbished T8 (which it will share with AA) was due to complete in 2022.
As for the A380 operating the route, 1, no gate at T7 can accom the aircraft.
With a terminal move on the cards, it doesn't make sense to spend money redesigning the gate airbridge and 2, BA doesn't operate the A380 on the route as it's frequency and not capacity driven. Before the pandemic, with its AA code share a flight left LHR every 30mins bound for JFK.
It will of course take a long long time for that daily volume to return, but putting an A380 on the schedule would add far too much capacity.
Oh gawd, he's so 360 he's now posting about an American Insurance company.
'That's very clever Benji boy, but how on earth does that equate to anybody's positions with respect to AIG?'
He's so intent on banging on, he can't even be bothered to spell check his own posts.
So, please do tell us your thoughts on AIG.
Are they due an RI? I look forward to your multiple posts on the AIG board.
You'll be roasted.
'I meant the SP has stalled because of fears around financing not that the SP in any way reflected poor financials.'
Interestingly, my own thoughts as to why the SP has stalled are not linked to fears of re financing, but I appreciate your reply and why you think it has.
Tomorrow should be an interesting day to say the least and whether your invested, thinking of investing or believe the futures bleak or blue, I imagine many on this BB will be up and on screen at 07:59
'It’s a scheduled airline. It has to fly even if only at 20% capacity not the same as easy or Ryanair who can just can flights that don’t meet the loadings.'
This is incorrect. Whilst both EZJ and Ryan are regarded as budget airlines, they are both scheduled airlines that have to fly a % of routes, regardless of loads.
At the start of the pandemic, airlines were given dispensation in the form of not having slots or routes removed if they couldn't fulfil their flight obligations as passenger numbers cratered and companies sought to slash costs.
I also note that earlier you suggested -
'Refinancing is unlikely to be completely off the table… especially the longer this flatlines/consolidates.'
I think, but I'm happy for you to correct me, that you feel as the SP has flat lined, that your view is that an RI is possible because the share price has stalled?
A stalled or falling SP does not mean any company listed on the FTSE requires refinancing.
If that was the case, you could have argued two weeks ago that BP and Shell, by that benchmark, would need to refinance.
Finally, your point of the cost of getting the behemoth off the ground, IAGs family of airlines have been operating non stop through the pandemic albeit to reduced schedules.
I would think that with £10billion liquidity, getting a few A380s off the ground shouldn't be to problematic.
All markets down. EZJ down, percentage wise more than IAG. Most of FTSE 100 in the red. Inflation worries, DOW still needs a defib, large Chinese companies in the spotlight and even profitable blue chip companies between 2 - 4% down today across multiple Markets.
But, despite this 360 view, according to one poster, it's ONLY IAG you need to worry about. 'WAKE UP'..... he has told us ......
'Cleaner to aisle six, repeat, cleaner to aisle six and a paramedic. Customer has spent his entire shopping experience in Iceland singing Bjork songs believing he's in a KFC having volcano wings. He's wet himself.'
Codeshares work by airlines putting their prefix ahead of another 'partner' airlines code and selling a certain amount of seats on the operators flight.
BA do indeed fly a lot of those first 'legs' to the destinations you highlight with the exception of HNL.
The seats the operating carrier cedes to the codeshare partner will vary by price and cabin.
My point was not to denigrate the re opening of routes down under, only the limited fillip this will give to IAG.
Pre pandemic BA could fill a daily double schedule of an A380 and 777-300 to HKG. 90% of those passengers carried are point to point.
For the others who may continue to Australia, they would be booked onto CX.
BAs revenue from those 'seats' is not the full load of the onward sector, but you know that.
BA and ergo IAG, can only reign in revenue through its codeshares onward to Australia. But the amount of seats they can 'sell' are limited.
BAs flight to BKK is designated as a leisure route and it discontinued its own operated further hop to SYD many moons ago.
So you can continue on QF once Australia re opens, but again, on limited seats QF codeshare with BA.
So, thankfully, new income yes, but I still don't think this will create a considerable revenue stream.
Absolutely, any routes reopening is good news.
The QTR codeshare increased BAs footprint into Australia and routes it would not of been able to profitably run itself.
However, in terms of income, it's not a huge revenue stream.
'Routes will be extremely profitable!'
BA only flies one Kangaroo route to SYD via SIN.
The days of it servicing MEL - BNE - CNS and PER are a memory away.
Indeed pre pandemic BA was the only European based airline flying to SYD as the profits were minimal and was generally kept on the network due to the legacy of the route.
In the time it takes a 777 to reach SYD, the same AC could do three rotations to JFK.
So whilst the Australian routes are penned to reopen, this one leg, flown only by BA and none of its sister airlines within the IAG group, will not, I think add significant revenue into IAGs coffers.