Proposed Directors of Tirupati Graphite explain why they have requisitioned an GM. Watch the video here.
I use T212. No fees added for IAG at all. No commission and no added Spanish tax.
@Robby
Agreed, with no disrespect to LTH, an initial drop this morning would spur my re entry. As my powder is currently dry, be interesting to see what the RNS may affect early trading. The Air Europa deal is common knowledge, but interesting to see the joint CEOs comments on the current health of both.
As always, good luck all.
Whilst I'm incredibly flattered by your reply, I've gone to great pains on this BB to tell others not to follow my investing strategies. They work for me and many others take a different view.
What I do enjoy about this BB is the general honesty of the posters and willingness to share thoughts and ideas.
The very best of luck to you in all your investments and I hope you reap rewards to enjoy
A-ha, if only. I've been involved in trading IAG for quite a while. I can't read the market obviously, but I just get a general feel for my entry and exit points.
I always openly post both here though not the amount of my holding.
I learnt a lesson twice since I went from an investor in IAG to a trader. Not so much entry, but exit strategy. This share, as we know, can go north at meteoric pace and then fall back. It does it again and again and sometimes defies market logic. I've also shared here twice when I set a limit sell at a certain price which was high above it's opening start and twice missed it by a penny.
Sounds simple but since then I ask myself at what price would I sell, creak out a possible and hopeful profitable price, then I subtract a penny.
This morning I set a price alert for 164. Wanted 166. So set a sell at 165. And it triggered.
Remember many here were mooting, not unreasonably in my view circa 170. If it had continued up I'd be out of pocket. And certainly not the expert it seems, which I'm clearly not.
Also, I'm not greedy and happy to take profits and wait to get in again.
So today, like every day was luck. I'd been holding the shares I sold today since 31st DEC. Bought at 160.
For what it's worth I didn't jump back in today at 159 as I think it has a few pence more to drop. But would have snaffled more at 158 or below happily. Then held.
My observations are that over a 10 to 14 day trading timescale IAG can fall and rise over an 8p range. Enough to take profits without being a LTH. It's just timing the in and out, which I've always done here.
Anyway, good luck to all of you and please don't listen to me. Always DYOR
I'm out at 165
Happy with that. Hope it continues to rise for all holders.
Off for a run, have a great day all.
GLA
@Delap
Re IAG being a dog of a share. It's risen 13p in two days. I get your point about 'investing' as that is different to trading.
But IAG is a day traders dream in the current market.
I used to be an IAG investor and got out with a healthy profit (for me) some time ago.
I now trade IAG and it's made me a few tidy profits.
So it's all perspective. Good luck with your investments and to all. DYOR
Well what a great day.
6% up at close. At one point 10p up on the day.
I broke my own rules over holding UK tradable shares over New Year and after profit taking, bought back in at 160. Which seemed a bargain at the time.
SP has spent the last two weeks waaaaaay under that, albeit a brief rise to 163 before, until today.
Think wind under the share today are the mooted Covid passport system (which will pass) and general market sentiment about future bookings now the Vax is well under way.
I think the Norwegian long haul withdrawal from Gatwick (where BA has little to no capacity) and the South American route suspension is a red herring, for the derampers.
FTSE shares rarely rise 10p and continue to hold those gains day after day and rise accordingly. In my opinion.
If and it's a big if, this rises tomorrow to the 165 - 167 range, I'll be profit taking out.
Not because I don't think it may rise further, but that would be my out point for a while.
Good luck all, I'm not trying to advise anyone, it's my own strategy and suits me and me alone.
To me, this article is journalistic poppy****.
Of course the UK is now out of the EU. But whilst we were still members, no shouting or blustering was made when both Germany and France bunged billions of Euro wedges, breaking their own state subsidy rules, at Lufty and AF/KLM.
It would be ludicrous that our European friends should even think of spinning BA out over a £2b loan. Which is peanuts compared to what Lufty got alone.
I'm not debating the posts about how BA might fare outside the group, seems some good points made. But relax, BA won't be leaving IAG anytime soon.
@Dagger
I'm pretty sure I nicked that analogy from you :-)
You and me both Dean.
The simple fact is this - Not a soul here can affect the share price. We are all minnows.
But, derampers can have the effect of making newbies sell or bail when there is no need. And they should be ashamed of themselves.
To be clear, people posting worries or thoughts, even beliefs that don't match mine I do not see as derampers as long as they back up their thoughts.
It's good to have a healthy balanced debate. Goodness knows, I'm not always right and often wrong.
The difference is I'd never tell anyone what to do either way, just try to highlight my investing strategy.
Derampers love drip feeding fear. And for what? Do they believe their position helps anyone? To sell potentially at a loss. Then when the good times return, where are they? Taking glee at folks who may be sitting on a paper loss, when the deramper holds no position, is, in my opinion, going to a funeral of a person you don't know, then telling everyone you didn't like the deceased.
Shameful.
Always listen to differing points of view, but anyone advising buy OR sell, ignore.
Good luck all
@castle.
As has been posted here by many, we seem to be in the end game. I acknowledge fully that you predicted 3 lockdowns waaaaaaaay back and by Eck, you were spot on.
That said, the Vax is the game changer and when, not if, travel is allowed again, travel stocks will explode.
If EZJ stock can grab a 50p rise in lockdown, in a year it posted it's first loss, imagine once the seats really start to fill up.
In my opinion, IAG will lag those mighty gains, but be more steady as Trans Atlantic traffic slowly starts to grow.
These are only my musings, please don't invest on a single word I say, but I'm holding my stock here for quote a while now.
GLA
Great day all!
As I posted Monday, I wasn't at all worried.
Was disappointed at yesterday's lacklustre performance and am delighted today.
I hope you held your nerve and didn't succumb to the dross posted here by some. I mentioned they would be out in force and they didn't disappoint.
Usual suspects with the broken record of 85p and sub £1.
What I fail to grasp is, most of us here, I'm imagining, would see sub £1 as a feeding frenzy of buying more stock. If even to average down for some. It's kind of bonkers deramping telling people with dry powder that in a blink of an eye, you could hoover up chunks of IAG at a song.
Anyway, I'm happy for the holders.
GLA
For once and just once I agree with one point of WAMs post.
Not the doom and gloom and his personal style of returning during a drop.
That's too easy to flit in and out of.
But this will drop tomorrow. As will shed loads of companies. It's inevitable. You don't have to be a genius to work that out. It's not deramping, just a natural market reaction.
But ask yourself this, do you think RR, TaylorW, stagecoach, Lloyds, Barclays et all will suddenly rise like a phoenix tomorrow!
No. That's lunacy. So, what to do about it?
As you all (hopefully) know I NEVER offer advice about shares. What do I know?
But for me, with dry powder, but admittedly in the red here, I see tomorrow as an opportunity.
I personally wouldn't touch Rolls. The SP has been in decline for weeks and recent good news couldn't bounce it's sp. Just my thoughts if you don't have skin on the game.
Vax ramping or otherwise is now a pointless exercise. The 'jabs' in arms is the most important thing, for all of us.
Just keep your own investment strategies to hand. We all have Covid fatigue, me included. But I'll never ever sell at a loss.
GLA
It all depends on your individual perspective and ofcourse appetite for risk.
If you have skin in the game, the only question you need ask yourself, and not glean from others is this - Is IAG in its current form going to go bust and collapse entirely within the next 6 months.
If YOU believe it will and/or the SP has no chance to recover up to or above your current av in the timescale YOU believe IAG folds. Then cut your losses. Only you can sell your shares on what you believe a probable outcome.
If you follow this share you'll know it can fluctuate wildly at times and often seems to need a defib applied.
Otherwise this could be a great opportunity to hoover up some more IF you believe that for all the bumps in the road IAG will survive. I believe
a mooted sp of sub £1 is currently fantasy. BUT if it did, to me that would be a bonanza.
I'm now 10p down from my AV am I worried? No.
Have I topped up yet? No.
Will I? A lot depends on the full impact of the government's announcement tonight at 8pm.
After the RI my AV was 140. And the SP sank to 83p. I topped up and held then and sold at a hefty profit (for me) not long ago and then dipped in and out again, luckily with another profit.
This is because I believe IAG will survive. I don't need the money I've invested elsewhere, why on earth would I sell at a loss? That's not s strategy for me.
I only point out these things out as the scaremongers and gleeful derampers will be here over the next days and weeks dishing out a drip feed of fear. As they did for months before. I didn't listen to them then and I won't be now.
Only YOU can decide what to do with your investment. Make sure it's the right choice for YOU and not based on some of the drivel that will be coming on here.
Crazy day, GLA
You too Robby with your final tranche.
Good luck all round
The 2bil is specifically for BA only.
Interesting to read IAG still have €8bil of liquidity.
A ha, many thanks Mike84.
And agree completely GLA
Thank you, seems shrewd now I grant you.
But I'd posted this on the 'Robby' thread earlier in the day -
Today 09:43
With less than 3 hours trading to go have put in a sneaky limit buy at 160.
Truth is, was just a punt, I didn't think it would trigger, but it did at 12:24.
Then saw the RNS and thought, blimey, that could help. Either way, good to be back.
GLA and a prosperous 2021
It's great that the wedge is specifically for BA.
Good to read IAG still has €8billion in liquidity.
Should smooth out cashflow and burn worries for the city boys for a while.
Great New Year news for the staff at BA too.
GLA
Took nearly the whole trading day but my limit buy triggered.
Am very happy with that.
To all the guys n gals here, thanks for the chats, hints and laughs
I wish you all a very happy New Year and ofcourse a lucky and prosperous 2021