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Almost as much fun as when it reached 222 some time ago! Well done to everyone who has held on
https://www.iairgroup.com/~/media/Files/I/IAG/documents/q3-results-presentation-2021-en.pdf
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Hi Big Blue - the comment from HSBC on possible RI at time of US travel was made in the previous week before the IAG CEO rebuttal. As reported in the Sunday Times article. As I say there may indeed be an RI and the news on the CFO replacement makes it more interesting. Difficult to call whether to hold into next week expecting further rise once US news sinks in and sell before earnings or bail now.
Its worth noting that the statement from IAG CEO came later than the speculation from HSBC, Credit Suisse and Goodbody. No guarantee they won't do it but important to understand that context.
The final words from all those sources were from Luis Gallego responding to that speculations from analysts.
“We do not see the necessity to do a rights issue and are not considering it.”
He said the company was talking through “different options” with banks as it plans through worst-case scenarios for Covid.
Stockbroker Goodbody’s Mark Simpson said after the easyJet fundraiser this month: “IAG clearly needs to have a secondary funding round themselves, coming from a position of €11 billion of net debt.”
HSBC analyst Andrew Lobbenberg also predicted a rights issue, arguing last week that IAG would launch one when the US reopens transatlantic travel.
However, Gallego said while his group had high debts, it also had strong liquidity of €10.2 billion. “We have revolving credit facilities, we are analysing other ways of financing the group so we have alternatives before we [consider] another rights issue,” he said.
Sunday Times 18 September
https://www.telegraph.co.uk/politics/2021/10/15/us-set-lift-uk-travel-ban-early-next-month/
Quarantine-free travel to start for double-jabbed residents of England
Children and fully vaccinated adults will not have to self-isolate on return from amber list countries
Travellers who have had two Covid-19 vaccinations will be allowed to travel to amber list countries, including France, Spain and Italy © Yara Nardi/Reuters
Boris Johnson’s government will announce the restart of quarantine-free foreign travel from July 19 for double-jabbed residents of England, despite concerns of long airport queues and a surge in coronavirus cases.
Johnson and senior ministers have agreed that travellers with two Covid-19 vaccinations and children should be allowed to travel to amber list countries, including France, Spain and Italy, without isolating for 10 days on their return.
Details of the plan will be announced to MPs by Grant Shapps, transport secretary, on Thursday. Two Whitehall officials told the Financial Times that the new regime would start on July 19, when most of England’s legal Covid-19 restrictions are expected to end.
Shapps will set out the new arrangements, which are expected to include the need for a PCR test upon return to England, as currently happens for travel to “green list” destinations like Malta and Mallorca.
Although ministers want to ease travel arrangements from July 19, the UK Border Force has been eager to delay until July 26 to allow more time to prepare for a significant increase in airport traffic.
“Ministers want it introduced on July 19 for the big bang day, although the Border Force is concerned about the logistics,” one insider said. Another official said: “It makes sense to align as much as possible for simplicity.”
Speaking at a parliamentary select committee on Wednesday, Johnson confirmed the announcement would come on Thursday and described double vaccinations as a “great liberator” that offered “massive potential” to return life to normal.
This week, the prime minister said: “We will maintain our tough border controls including the red list, and recognising the protection afforded by two doses of vaccine, we will work with the travel industry towards removing the need for fully vaccinated arrivals to isolate on return from an amber country.”
Recommended
Coronavirus pandemic
En
Any views on whether August 16 will also be the date when quarantine free travel will be allowed for amber countries or if this will be earlier?
See below
Self-isolation waived for under-18s
Under-18 year-olds - who are not able to have the Covid vaccine - will no longer have to self-isolate from August 16, Sajid Javid has confirmed.
"They will be given advice about whether they should get tested, dependent on age, and will need to isolate only if they test positive," the Health Secretary told MPs.
The new rule will "also come in from August 16, ahead of the autum school term," he added.
Mr Javid also confirmed the same rule will apply to those returning from amber countries, but says Grant Shapps, the Transport Secretary, will set out details later this week.
12:42pm
Sajid Javid: No isolation for fully vaccinated adults from August 16
Sajid Javid says he is "fully aware" of the challenges posed by self-isolation, saying science has a solution.
"That solution is our vaccine, which we know offers huge protection," the Health Secretary adds.
Both doses can reduce symptomatic infection by almost 80 per cent, he adds, creating a "protective wall" that allows us "to look afresh at many of the measures we have had to put in place".
With around two-thirds of adults having had both jabs, a new "risk-based approach" will be taken.
From August 16, when even more people will have had both doses, "anyone who is a close contact of a positive case will no longer have to self-isolate if they have been fully vaccinated".
People will have to wait two weeks after getting the jab to assume this new freedom, he adds.
Where did you read this please?
What a roller coaster. Keep the faith
This has been a long road but finally we're getting there
The article I posted is from the Grauniad this evening. Its more up to date than the Times article
I can see the rights now
Got it on secure message
It's been a long road. Really can't decide whether to hold through RI and go all in with the extra shares or sell out and come back in afterwards. What are others doing?
Is anyone planning to vote against any of the resolutions including the RI? If so, why? Thanks all
https://data.fca.org.uk/artefacts/NSM/Portal/NI-000008665.pdf
Any comments on item 10?
Does 15 give us any more clarity on the RI?
Thanks all