An 11p range in one day ( so far ) from just over 127 to 139. The stuff of day trader dreams.....
Some people will have made a killing this morning.
An investors nightmare, a day traders dream.
Thanks for narrowing it down!
I think most UK investors in IAG know from newsfeeds that BA are recruiting, I only took you to task as your statement was very broad.
@aspers
'IAG are presently recruiting staff like crazy'
Which parts of IAG specifically do you mean?
BA - which departments?
IBERIA - which departments?
AER LINGUS - which departments?
VUELING - which departments?
LEVEL - which departments?
CARGO - which departments?
Madrid head office - which departments?
@fordm
'I'm still waiting for Bush and Blair to be brought up on those charges too'
What I cannot fathom, get my head round, understand or see any logic too is this -
After lying and colluding to start an illegal war in Iraq, that spread misery across the entire region, with hundreds of thousands slaughtered and the seeds of ISIS being sown, the removal and propping up of different regimes, how in God's or indeed Allah's name, did Blair become, or even have the affront to accept and become a UN special Peace Envoy to the Middle East?? And keep a straight face.
To me, you can forget all the conspiracy theories, 9/11, UFOs, Moon landings, Nessie and Pot noodles being a nutritious snack.
Blair the Peace Envoy is life's biggest unexplained mystery.
I think, as has been posted here by others, in the most layman of terms, airline stocks just ain't sexy no more. The 'smart money' ( we are led to believe ) in times of possible great uncertainty, as the last two weeks have certainly been with the banking sector in turmoil, flee non divi stocks, companies with huge debts and plough into gold, and safe steady bets where their money will get, if not a massive return, an income stream.
IAG is, as maybeoneday succinctly put it, at present, the unloved fat ginger kid. I'd add to that, the overlooked yet hard working middle child.
If you want your money to work for you, why would you put it into IAG stock at this time and I say that as someone heavily invested here.
Look, to be clear, IAG is not in financial danger, it's not going to fold and will by all accounts, soon be flying at pre pandemic capacity levels. So I'm not worried about my investment, I'm in the red yes, but it will recover and as soon as it does, I'm going to do a Peter Jones and say that I'm out.
On that note, as always, I wish everyone here the best with their investment, but it's time for me to go spoil my mum. I'm the much loved first child :-)
Here is my advanced statistical and econometric prediction for Monday's FTSE trading day.
'Over the weekend, talks continued within global banking circles about reassuring governments, investors and those that have hands on the levers to raise interest rates, that the current cycle of small bank failures is in no way relatable to, applicable to or indeed by any measure similar to the banking crash of 2008. Instead, it has led to much needed consolidation and redistributed wealth from the cherry picked arms of said failed banks, to the arms of about 4 people.'
This coupled with falling global energy prices, spring just round the corner, talks of nuclear power stations on the moon and the fact that Dave who works down the Dog n Duck believes that electric cars and NOT children are our future leads us here at TP news to predict a calm and steady FTSE opening with a 156 point rise.
IAG shares will rocket out the blocks, surging by .000001p hugely repairing the previous week's almost 10% drop in price.
Sadly though, at approximately 08:01am, this initial euphoria will be smashed by new news that a mechanic in Nova Scotia has a cold, thus sending the share tumbling another 8% whilst all other sectors rise.
*Dave from the Dog and Duck was uncontactable to comment on this article. It's believed his EV, currently charging for the remaining 4 miles of his journey taking approx 18hrs, has him in a zone with no signal.
IAG dropped another 15% on this news.
Tsk tsk Lloydy, never assume......
Indeed, far far less likely to have a non existent drag story time at that pub. But far far more likely to have illegally trafficked Ukrainian children there.....
'The United Nations also released a report earlier this week that found Moscow's forced removal of Ukrainian children to areas under its control amounted to a war crime.'
All that pesky disinformation out there eh?
Sadly you can't. As the other 'sun' guy, Sundenza has bought every available free share as this will be £1.70 by week's end and £2 by April 1st. ;-)
If IAG was the only stock taking a pasting the last two days I could understand the collective gnashing of teeth, taxis to Beachy head and hair wrenching, foot stamping, toy throwing tantrums.
*Bobbins is exempt from this list as he at least injects great humour whilst getting his frustration across. He's ALSO exempt because we all know that as a future rent boy, he will be lucky to buy CINE shares in bundles more than one with his prospective earnings.
But, seriously, everything is down, put your paper loses into a box marked 'Open me in 3 months' and chill.
At this rate bobbins will need a bus :-)
This is a clear message from the major stock markets of the World that banks collapsing in the World's biggest economy if unchecked, will create another financial crash.
What's particularly interesting is that currently IAGs sp percentage drop is bigger than HSBCs.
Also interesting is the drop in pretty much all sectors share prices and the downward pressure on the FTSE itself.
Are we to believe that all investors in every stock and sector are selling their shares thus driving down not just Banks, but mining, aviation, telecoms and pharma?
I think not.
I believe this malaise is really caused by the worry that other non stress test banks will fail.
As great as it is that UK tech companies have been given a life line by the HSBC buy out, the US arm is looking less stable. Even if its under written by the Fed Government, they won't bail out subsequent failures, in my opinion.
So we will all just have to sit tight I guess. If you can, buy the dip, though knowing where that currently is is anyone's guess.
What's for certain is that IAG is not going to fail, so shrug off the paper loss and ride it out.
Good luck to all as always.
Well, pretty much everything is down, at least it's not just IAG taking a hit.
I feel for you mate. If only you'd waited a day !
https://www.google.com/url?sa=t&source=web&rct=j&url=https://www.iata.org/en/iata-repository/publications/economic-reports/exchange-rates-and-aviation-examining-the-links/&ved=2ahUKEwjqxIyQpbX9AhVNXsAKHaVUB68QFnoECBEQAQ&usg=AOvVaw3eui0qgEmwbxIMFg9cXKUH
Not sure if this link will work, it's not specific to IAG but is a well explained FX article from IATA.
IAG, of course, has in stream revenues in GBP, USD and EUR everyday. I imagine that dept within in each IAG airline employs very creative individuals.
@bobbins
Tell me which pub my friend, I'll visit with the muck spreader :-)
A fickle mistress indeed.
As an investor in any stock, it should run that said investor should have faith in the BOD of that company and its decisions. That investor should also have a fundamental interest in and knowledge of the company / group and it's operations.
Whilst hindsight click bait posts ( such as the Reuters guff at the top of this thread ) hint at reasons for the shared dip, in this case, attributed to IAGs debt, there is no analysis of say, IAGs purchase of Air Europa, instead of paying down its debt.
To me, the bringing of Air Europa into the IAG fold is a strike of cheap consolidation. £400mil doesn't dent £10 billion but it buys a lot of metal, slots, and wipes out a competitor.
The BOD see the bigger picture, it's just a shame that many who posted here yesterday were crying foul and that that news was to blame for the share not doing a 'Rolls' on the back of returning to the black in the results.
Shares go up and down, THIS share in particular goes from darling days to kicked can. You might not always enjoy the ride, but you gotta admit, it's a lot of fun at times.
And currently, you can own a slice of this iconic company for about 155pence.
Less than a litre of diesel at the pumps. Or a packet of crisps and a scotch egg.
Good luck all.
I'm inclined to agree with maybe's post.
As it's odd that in the previous 12 months it's then debt of over 11 billion didn't 'spook' the market, recently giving the share a 70% rise in value.
Whilst IAGs debt is high, no one is suggesting it can't meet it's obligations.