The latest Investing Matters Podcast episode featuring Jeremy Skillington, CEO of Poolbeg Pharma has just been released. Listen here.
'Willie Willie Willie, OUT OUT OUT!'
Ironically this was the BA crew chant on the pickets during the cabin crew strike.
If you do indeed have your Willie out in the playground, I'm guessing it must be very very cold. Put your little fireman away little-blue, return the wheelbarrow and run along home and DON'T talk to strangers. ;-)
@sunsurfer
'don't complain to her about the sandwich ;-)'
Indeed, doing so would definitely not end well, with certain marital 'perks' being withheld and the possible loss of a much loved limb.
I trust you are well.
@big-blue
'Soggy sandwiches in a tractor, huh!'
Yup, living the dream. A bucket of KFC would be luxury.
Morning all.
Apologies for the clickbait thread title.
With apologies to Kim Wilde, I am not on a bridge, the sort, say, that spans a motorway nor indeed in the commanders chair on the Enterprise.
I'm currently reading all the Comms here from the cab of my tractor. On a break with Phone in one hand and a rather soggy sandwich in the other.
I love how discussions evolve on down red days.
Guys n gals jostling for price predictions, charts, 'I told you so' insights, naval gazing, 'what if scenarios' and a myriad of other chest beating clap trap. It's all for naught I'm afraid.
Whether your waiting for 170 to buy, good luck to you. If you get that price I'll be kicking myself for topping up today at 187. But then my investment strategy has served me well in the past. Time will tell.
With some dry powder I've used today to top up my holdings here and in CINE and SGC.
I see days like today as opportunities. Not to try to outsmart the market or guess the bottom but to top up at prices I see as giving me some leverage (lower SP) when the market recovers.
As I initially bought back in here clean at 197, thinking that was fair value, then adding more at 187 is a no brainer.
I imagine many who bought in at over 200 may not be having the most pleasant of days but we've all been there here and in other stocks too I'd imagine.
All my investments today are in the red. Yesterday a few were in the blue. What seemed savvy investing a few days ago I have to take on the chin today. We all like to think we can read the market, but none of us can predict the news.
Sit tight and switch off for a while.
Whether your newly invested here, an old hand or waiting for your dream price, good luck to you all.
Right, gotta get back to work, have quite a bit of explaining to do to the ole woman as have gone a bit bonkers topping up today. This soggy sandwich may be my last for s while.....
But I'll cross THAT bridge when I find it.........
@Bonkers
'Today will be another good day for the shorters and trolls.'
AND investors like me to top up and bring down my AV.
(I've also topped up my holdings in IAG and SGC).
If you have dry powder, days like these are opportunities.
GLA and if the drop is hard to watch, which I suspect for many it is, switch off, make a brew and dunk your favourite biscuit.
Good morning B-B
I did, I have to say that as the SP went below 195 I did think of you and your post. Was a good shout.
Also, whatever people here think of Oracle, he did say Monday this would go sub 200 yesterday. Uncanny but both right.
I did my first 20 minute 'rinse' yesterday. And I'm not referring to my windswept farmers hair.
I dove back in at the first drop to 198 and promptly sold when the SP went over 200.
For IAG I use the T212 platform making quick trades easy as there are zero commission fees buying and selling stocks. Not even the Spanish tax levy some others face trading IAG.
I then sat on my hands till 197 where I bought back in.
Mixed bag of news overnight but like sunsurfer, I have plenty of dry powder to exploit any downward opportunities.
Good luck all, could be an exciting day.
Back in at 198.
Have kept some dry powder if it goes below that significantly, will keep a close eye at 14:31
Feel for those with.much higher averages but for me this was an opportunity not to miss.
Good luck to everyone.
'You should not travel to amber list countries or territories for leisure purposes.'
Taken directly from the gov website. It is the same for Red countries too.
Big-blue
Did you sell your IAG investment today as it went over 212?
Have topped up significantly (for me) at 91p.
Has bought my AV to 95p and I'm very happy with that.
Also topped up on SGC and am in the green there.
For me today has offered some great opportunities.
GLA and hold tight till the 17th.
@Portland1
It was Anapa69 who gave you the LRE heads up.
The best of luck to you (and all) when you jump back in.
@Portland1
I'm also currently out of IAG and waiting to go fully back in.
For me, I'm sitting on my hands until the results on Friday.
Not that I'm expecting any great surprises in the report, I just want to see the cash burn and retention of liquidity in the overall business.
I'm not bothered about 'when' corridors open (as we know eventually they will) nor the delayed upcoming traffic light announcement, nor the PCR test nonsense.
For me, it's now just down to timing my investment back into IAG.
GLA and here's hoping for a summer we can all enjoy.
Morning all.
So I was fortunate to jump in at 191 the day after the new Indian variant news broke. I didn't grab the 190 low that sund did.
I sold my entire stake in IAG yesterday for 204.
Pure and simple end of month profit taking. Nothing else.
Over the last two weeks the range has seemingly settled into the high 90s and low £2+
Like all of us I'm waiting for the travel announcement, will happily sit on my dry powder to hopefully take advantage of any short lived dips to jump back in.
As always, GLA and I hope you all enjoy a great bank holiday.
And good morning to you Robin.
I've noticed your a robust defender of CINE when the (to my mind) 'loons' like in on red days and I've always enjoyed your posts.
There does seem to be a healthy banter here often lacking on more 'serious' boards. And good support it seems on red days.... Which would sum up my month thus far.
But it's only 30 days. In other investments in the past I've been sitting on a paper loss for months.
But kept it exactly that, a paper loss until my investment turned around.
I agree there does seem to be a drag or lag on the current SP. But my tin is still full of tasty treats just waiting to open. Just like CINE.
Have a great day all.
Good morning all.
I've only posted on this board once before. Exactly a month ago today in fact, to share I'd taken out a punt chunk in CINE with a SP of a pound.
It's been an interesting month with the SP teasing and tickling my tin, often hovering at a 'pand' then falling back.
Some of you here, even with lower AV seem to shake your tins so hard over a few pence drops you must be left with crumbs and broken bourbons. Not me. Oh no.
For me it's all about perspective. I don't see my chunk of CINE as a 'dog' share or 'rubbish', it is, quite simply put the least performing INVESTMENT in my portfolio. For now.
Yes I did due diligence, yes I know this stock is heavily shorted, yes I know it's businesses are closed. The reasons I invested have been far better explained by others eloquently here on about where the business should be after May 17th.
I don't need the money I've invested in CINE elsewhere, so I'll keep the lid on my biscuit tin and wait it out. Then hopefully my biscuit tin will bring all the boys to the yard......
Good luck all and after today's bell, enjoy your bank holiday.
Just jumped in at 92
Had no problem buying.
GLA
You could argue a foot in both.
Three of IAGs airline portfolio, Iberia, Aer Lingus and Level are all EU member state registered airlines. Only BA is 'out' of the fold do to speak.
@big-blue
'Remember IAG is not headquartered in the EU, but is in the UK. '
IAG is headquartered in Madrid.
@Speedbird
Very true.
Gatwick was often seen as revenue neutral.
However, as the Executive grew it became apparent over time that members didn't always want to 'burn' their miles going to say HKG.
They wanted to go to the Carribbean and/or city breaks.
Indeed, BA didn't want their Exec club members taking vast swathes of highly profitable 'free seats' on its profitable LHR flights (save JFK - which with over 11 flights a day could mop up Exec club members needs on that route due to capacity) and actively encouraged use of long haul 'holiday' routes from LGW.
It was said that, even when two flights a day were operated to MCO the route barely raised any direct revenue. Which begs the question, why fire two 777s there a day?
Answer? Was packed with Exec Club members and their families. Better to have them there than on the NAS for example.
Traditionally BAs meat and gravy was, as you point out, on its prime LHR destinations.
With LGW currently mothballed I'd wager BA would welcome any form of system getting bums on its seats. Holiday trade or otherwise.
@sun
Agreed. And if there is another pullback to 190, like you, I'll buy more.
GLA
Agreed that days like today are an opportunity and bonanza for those with dry powder.
Tomorrow will be a very very interesting day.
GLA