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Real-Time news about BR.Airways (London Stock Exchange): 0 recent articles
|enami: jailbird you will get 1 IAG for 1 BAY share. Iberia shareholders will get 1.0205 IAG for each Iberia share. IAG will be the combined market cap of BAY and IB.
The details are in the shareholder circular
"On the basis of this Merger Ratio, following the IAG Merger, British Airways Ordinary Shareholders (other than Iberia) will hold approximately 56 per cent. of IAG and Iberia Shareholders (other than British Airways) will hold approximately 44 per cent. of IAG."|
|anony mous: Buxton sees 'material upside' in BA as investors agree merger
01 Dec 2010 | 11:30
Schroders' Richard Buxton believes British Airways shares have "material upside" as investors continue to underestimate the benefits of its merger with Iberia.
Buxton, who holds £72m worth of BA shares in his £2.25bn Schroder UK Alpha Plus fund, has held the stock throughout the airline's volatile recent past, which included a major slowdown in passenger numbers from the credit crisis and industrial action from cabin crew.
British Airways, which got overwhelming shareholder approval for its Iberia merger earlier this week, also posted a first profit in two years in Q3.
"Monday's outcome, with both BA and Iberia shareholders voting in favour of a merger, was completely as expected, so there should be little share price reaction," Buxton says.
"In the medium-term however, none of the benefits of the merger in cost and revenue synergies through co-ordinated routing are yet reflected in valuations. We are confident that there is still material upside in the shares."
Buxton is also bullish on British Airways' strategic tie-up with One World partner American Airlines, which the manager says is also not reflected in the share price."|
|indieman: 'BAY share price has a history of doubling or more in the past' (owtte)
It's a high beta stock.
It also has a history of halving or more in the past. Same reason.|
|shauney2: Oh dear what's happened to this thread!
I agree with exbacrew re Willie Walsh.
When he took command more than 5 years ago BA had the best routes, the best trained cabin crew,the best flight crew,the best cargo facility and a whole new state of the art terminal to look forward to.
How could he fail with those backing up a proud brand known around the world?
The share price was around 250p with a good chance of the dividend being
The share price is now around 30% lower with no divi and a workforce who have lost all trust and respect for management and an airline whose brand is now better known for its strikes than what it really does.
The fact that they have now offererd the cabin crew a pay rise tells me that the strikes are now severely hurting the bottom line and Willie wants to end the dispute but is too proud to reinstate staff travel to the same level as before the strikes.
We will know in the quartly results at the end of this month.|
|bartram: BUY recommend in today's Independent:
Investment Column: BA is starting to look seriously cheap, buy
Edited by James Moore, Deputy Business Editor
Tuesday, 8 June 2010
Our view: Buy
Share price: 196.4p (-4.4p)
British Airways is bucking and twisting through a particularly nasty patch of turbulence. Record annual losses of £531m, revealed last month, give some hint of the scale of transformation needed to drag the carrier into the viciously competitive modern age. Meanwhile, Europe's ongoing economic travails are weighing down on its airlines, even as the rest of the world starts to recover. And BA is still fighting with cabin staff over plans to cut jobs and trim conditions.
Willie Walsh, the chief executive, was his usual bullish self yesterday, branding the strikes a "failure" and stressing it is "business as usual" at BA despite the disruptions. The current wave of three five-day actions will finally end on Wednesday. Tony Woodley, the joint general secretary of the Unite union, has warned of another ballot as early as this week. Talks are at a stand-off. But now is still a good time to buy BA.
The main issues have been resolved with Unite, and BA is winning a war of attrition as fewer cabin crew participate in each strike. It is only a matter of time before the issues are resolved, and even with the compromises already agreed with Unite the company will be in a stronger position afterwards. There is also much room for improvement in BA's share price. By mid-March, it had climbed back within a whisker of its 257p price before the collapse of Lehman Brothers sent global stock markets into freefall in September 2008. Since then BA has done little but slide.
But regardless of the short-term industrial relations problems, BA has strong prospects. It has enough cash to handle the strikes, is on course to break even this year, and the enormous opportunities of tie-ups with Iberia and American Airlines have barely been factored in. Best of all, it continues to be a fantastically strong brand, even after the knocks and dents of the last nine months. BA is looking wonderfully cheap. Buy.|
|spob: Remember, the BAY share price will not go down whatever happens, until it is suspended from the market
because that is what the hedge funds, who control the market want
the market is bent and don't ever forget it|
|spob: Withoout a shadow of doubt in my mind there is collusion supporting the BAY share price
This company is worthless|
|gerryl: Seems to me that the Hedge Fund shorters that got them selves well " burned " over the past x 3 months are all out to take this one down ! Mind you they will need to take it below 1.84 before they see any profit !! So you see this is the reason for the fall pure and simple. Lots of people licking wounds at this stage me thinks and they want their money back!
British Airways Attracts Interest From Short Sellers
By Kaveri Niththyananthan
Of DOW JONES NEWSWIRES
LONDON -(Dow Jones)- Short sellers have increased their interest in British Airways PLC (BAY.LN) in recent weeks, an indication that investors expect the share price to fall.
The amount of the U.K. flag carrier's shares outstanding that have been borrowed has climbed to 15% from 5% in mid-July, Data Explorers said Wednesday. Data Explorers, which provides quantitative measurement of securities lending, performance and risk, said British Airways was the second most-borrowed stock among FTSE 100 components behind only Liberty International PLC (LII.LN), which tops the list for technical reasons.
Short sellers borrow securities from a broker to sell in the hope that they will profit by buying an equal number of shares later at a lower price to replace the borrowed securities.
British Airways' shares have gained 43% in value since July 15. The Dow Jones Euro Stoxx 50 has gained 10% over the same period, while the Stoxx 600 is up 10% and the Stoxx Europe travel and leisure sector index is up 9.5%.
At 1523 GMT, British Airways shares traded up 3 pence, or 1.6%, at 184 pence.
Since July 15, the share price of other big airline players have climbed, but not as much as BA's shares. Air France-KLM (AF.FR) shares have increased 17%, while Deutsche Lufthansa AG (LHA.XE) has risen 19%. EasyJet PLC (EZJ.LN) traded up 9.7%. However, Ryanair Holdings PLC (RYA.DB), Europe's largest carrier by volume, has fallen 6%.
Hedge funds may be betting that BA's run will reverse, said Douglas McNeill, analyst at Astaire Securities. He was confident that the worst was nearly over for BA, if it wasn't already, with business volumes set to improve. He has a 200 pence target price on BA's shares.
The aviation sector has been hard hit by the economic downturn, with traffic numbers declining and sales of lucrative premium tickets falling. But airlines have been taking action to cut capacity and shore up their liquidity to weather the downturn. Reduced fares have also attracted consumers back onto planes.
British Airways was attractive for short sellers because of its high level of liquidity compared with its peers, said Jonathan Wober, co-head of transport sector research at Societe Generale. Greater liquidity allows investors to buy or sell quickly.
Wober said there was still excess capacity in the airline market and stronger traffic figures would be deceptive because they were achieved through lower fares and didn't necessarily increase the company's profitability.
Other factors likely to influence BA's share price include BA's actuarial review of its pension plan, due in the autumn. An accounting valuation in March, 2009, estimated it was at least GBP2.94 billion in deficit.
In addition, BA also is expecting by the end of October a decision on antitrust immunity that it's seeking alongside AMR Corp.'s (AMR) American Airlines and Spain's Iberia Lineas Aereas de Espana SA (IBLA.MC).
An unfavorable pension review or failure to win antitrust immunity would be a blow to BA and likely hurt the shares.
George Stinnes, group treasurer and head of investor relations, said any increase in the amount of BA stock borrowed was probably due to BA's recent run, which was one of the best performing stocks among airlines and showed the fastest climb.|
|nicedude1976: Better scared and cautious than sorry.
He hasn't mentioned BAY share price though, has he ? :)|
|mrminister: is that cover that's scaled the fence at heathrow to protest at the BAY share price !!!.|
British Airways share price data is direct from the London Stock Exchange