Bay Capital Share Discussion Threads

[anony mous] 28/10/2010 11:57

Analysts say that Willie Walsh could announce tomorrow the first profit for British Airways in two years.

Davy Stockbrokers' Stephen Furlong agrees with Bloomberg. He rates the carrier's shares as "outperform" and says that although the company has broken even for much of the year, he wouldn't be surprised to see a profit amid current momentum and yields.

[alphorn] 28/10/2010 11:01

Opened a small bullish position on BAY; so now net short ahead of the results.

[anony mous] 28/10/2010 09:15

British Airways (BAY.LN): 1H Earnings
Due: Oct. 29 at 0600 GMT
Company Survey of 15 Analysts

Average Pretax Profit: GBP73 million, (GBP292 million loss in 1H 2009)
Average Operating Profit: GBP228 million, (GBP111 million loss in 1H 2009)
Average Revenue: GBP4.39 billion, +7.1% (GBP4.10 billion in 1H 2009)

[ben nevis] 27/10/2010 16:35

I'm equally long and short now.
Hope you guys enjoyed the trip down ;)

[anony mous] 27/10/2010 12:07

Big numbers being reported this Friday by BA.

[davey cameron] 26/10/2010 11:26

LOL ! thats where those muppet pumpkins belong !

Will sell half my holdings around £4.50 and then the rest at £5ish.

BA shares have a tendancy to rapidly double/triple/quadruple, its happened times before. This was also said around the £1.20 mark, and thats what we are seeing.

:-)

[jamesclives] 26/10/2010 11:18

Yes, and remember DancingPiranha and montyhedge with their deramping rubbish.
What utter prats they look now; probably preparing for halloween !


Davey, you could do better and hold for 5.00, cos thats where this is heading.

British Airways was recently heavily (most) shorted stock.
Now these large short positions are closing out and going long.
Money coming in.
Too many positives on the horizon.
Expecting dividend (albeit small) to be reinstated 2011 H1.
5.00 it will be.

[davey cameron] 26/10/2010 11:08

Good returns here for me, but still holding on for about £4

will buy more on dips like today, no brainer.

I bet 'exbacrew' and 'drewz' and 'spob' licking their wounds ! LOL !
What idiots they were (well.... still are).

[davey cameron] 26/10/2010 11:05

remember this ?....
Davey Cameron - 9 Jun'10 - 12:05 - 4867 of 5198 edit

Excellent recovery play.
Going long from under 2.00.

Willie Walsh is doing an excellent job.
He's the kinda guy needed years ago.

Continue, and the Union will fall.

[anony mous] 25/10/2010 15:06

BA profits may surge to £60m
Daily Mail
25 October 2010

British Airways' soaraway share price in recent months reflects bluer skies for the international airline.

Friday's interim figures are expected to show the second quarter as the beginning of a strong profits recovery.

[anony mous] 24/10/2010 11:09

DYNAMIC REBOUND !!!!!!!!!!!!!!
3.00+ imminent.
4.00 to 5.00 quickly with return to dividend.



British Airways on course for return to profit

Published Date: 24 October 2010
By Adam Cash

BRITISH Airways is expected to return to profit when it unveils half-year figures this week.

BA's recovery comes amid a marked global recovery in air travel, with better-than-expected results from US rivals Delta and American Airlines taking the market by surprise in recent days.

-year loss, the market expects BA to report pre-tax profits of £73m in the first six months.

Last year's plunge marked the first time BA has recorded a first-half loss - normally a buoyant period for the airline as it includes the holiday season.

This year, first half trading has begun bouncing back to more normal levels, despite BA's ongoing strike issues.

The group's recent passenger figures have pleasantly surprised the market, thanks to the return of the business traveller. BA flew 4.3 per cent more passengers in September, following robust figures in August as it shrugged off its cabin crew dispute.

This has come amid a flurry of good news for BA in recent weeks.

Its merger partner Iberia has approved the airline's pension deficit reduction plan, clearing the way for the tie-up to complete later this year, while it also sealed its three-way business link-up with American Airlines and Iberia.

BA already said at the first quarter stage it was on track to break even over the full year and analysts are expecting a strong second quarter for the group as demand recovers.

Airport operator BAA said this month that this helped Heathrow enjoy its busiest September on record, with more than 6.2 million passengers.

The company last week reached an agreement with Unite, the trade union, over its year-long dispute with cabin crew. Unite has agreed to put the new terms to a ballot of its members.

[anony mous] 22/10/2010 11:27

'dynamic rebound'

.... sounds good to me ;-)

MAX, what do ya think ? r u there ?

[mark1000] 22/10/2010 11:01

Broker tips
German broker Commerzbank remains keen on British Airways and expects the airline to benefit from a 'dynamic rebound in the revenue environment'.
Based on the expected very strong results for the second quarter, the German broker sees clear upside to current market expectations for full-year earnings and to the company's most recent guidance (currently: breakeven at the PBT level).

Investors will also focus on the wage negotiations with cabin crews as well as the implementation of the merger with Iberia and the Transatlantic joint venture with American Airlines. Commerzbank's target is 320p and its stance 'Add'. Results are due on 29 October.

Elsewhere in aviation, Delta Airlines, the world's largest airline by passenger numbers, took off after reporting adjusted earnings of $1.10 a share for the third quarter, ahead of analysts predictions of around 94 cents.


Clearly with the union dispute being finally agreed and business on the up you would have to be brain dead to be shorting this stock. If you want to short something try DES an oil co for 10 years that has never found any oil or the FT index. GL all longs

[horus22222] 21/10/2010 15:57

The link to the full BA offer letter:



The link to the covering letter from WW to BB which also deals with staff travel:



The link to the unite covering letter it's a bit grudging but they have played ball if somewhat reluctantly:

[horus22222] 21/10/2010 13:04

its ok, I know what you have said and I agree, my comment was a little "Tongue in cheek", thats also why I only said £5.

[anony mous] 21/10/2010 09:32

horus
pls read my previous posts, i have always said £4.50 to £5.00 is fair trading range. That could be several months away though.
Any further tie-ups/mergers bring costbase down will send it £5+ easily.

£3.3 bn mkt cap,,, way tooooo cheap still.

will break through £3.00 soon.

[horus22222] 21/10/2010 09:16

£4, wake up man its £5 at least. Todays trades look like fun, a big chunk of selling in blocks then covering in the same or similar size blocks "is that burning i smell".

[anony mous] 21/10/2010 09:07

selbourne,
for anyone to have said £4 would have been shot here.
i've been saying it since last year.

deal or no deal ?

[bartram] 21/10/2010 08:35

Daily Mail obtains copy of BA union deal document:

Daily Mail obtains the British Airways union deal document - but cabin crew split over whether or not to accept
By Ray Massey, Transport Editor
Last updated at 8:33 PM on 20th October 2010

The Daily Mail has obtained a copy of the revised formal agreement offer between British Airways and the Unite union, as well as a covering letter from BA boss Willie Walsh to TUC general Secretary Brendan Barber.
Union officials back it, but militants said 'no deal.'
In the letter Mr Walsh agrees to restore 'with immediate effect' most staff travel perks withdrawn from striking cabin crew.

He also holds out the prospect of full concessions resuming from April 2013 if there is no further industrial unrest over the next few years.

But the offer is dependent on the cabin crew union accepting and implementing the agreement and dropping any legal challenges: 'All parts of the union, Unite, BASSA and Amicus, must recommend acceptance.'

It adds that communications by Unite and its branches must be 'more balanced and measured than they have been.'

The document itself offers a new deal on pay rises and employee relations.

Staff facing disciplinary action as a result of the dispute will have their case dealt with under an ACAS arbitration scheme rather than take a claim to an employment tribunal.

[selborne_edge] 20/10/2010 21:06

Most industrial disputes end in compromise. At the end of the day management and employees (including unions) need to work together. A humiliated and disafected workforce is the last thing you want.

Lets hope that BA will now enter a period of calm and start making good profits. A share price of £4 would be very acceptable

[sandbank] 20/10/2010 16:04

I just have a sneaking feeling though that BA haven't won that knock-out blow they were hoping for. This smells of compromise - which is always a bad thing in industrial relations

[selborne_edge] 20/10/2010 14:52

The omens are certainly good that this dispute will be settled. If so, this must be the time to buy.

[horus22222] 20/10/2010 14:28

Unite's Woodley said: "Our members, who have shown exemplary solidarity and discipline throughout this long and bitter dispute, will now decide whether this offer meets their requirements."

He added "Representatives agreed that it is the best that can be achieved through negotiation in the current climate."

I will be interested to see what they have got after all that has been said and done.

[horus22222] 20/10/2010 11:56

The Unite trade union is to ballot British Airways cabin crew on a peace offer that could end a year-long industrial dispute.

Preparations are underway for a poll of around 10,000 flight attendants that could begin as soon as next week after the outlines of a new agreement were thrashed out in talks. Unite's main cabin crew branch, Bassa, told members that the offer contained changes to a previous peace deal that was rejected in a ballot during the summer.

Last night senior shop stewards met the joint general secretary of Unite, Tony Woodley, and agreed that the proposals warranted a vote. It is understood that aspects of the potential deal represent an improvement on the offer that was rejected over the summer. The proposals appear to have moved on the issues of disciplinary action taken against flight attendants and sanctions against the estimated 6,700 crew who took part in 22 days of strikes this year.

for the rest go to:

[shauney2] 20/10/2010 11:43

Not one to short.Load factors are up especially premium.Get the cabin crew dispute out of the way and up it will go.