International Consolidat... Takeover Rumours (IAG)

yes , chart looks OK and may breakout but will the takeover uncertainty change things - ??I just noticed the chart of this NO stamp duty stock and only trade such stocks . Have not followed the fundamentals and bews flow !

JetBlue terminates proposed takeover of Spirit Airlines.US Government was against takeover . Spirit trading near all lows , company may actually go under. Not sure US government did anyone any favours.

Continuing with brokers recommendation. The Times Tempus column recommended a BUY for IAG the day before results. Article failed to mention IAG,s huge debt mountain, possible takeover of AE - TAP and cycle of ticket prices ending . Article concentrated on IAG profit and turnover. That day SP finished c1.5% lower , following day x results went down a further c3.5% with The Times having over half page dedicated to puff peace on IAG . This leads me to believe not just most analyst but media too are on the bandwagon to dupe us general public into buying what they want to sell us.

3.5 billion profit and earnings per share 50.6, excellent forecast all with a market cap of 7.7 billion, if the share doesn’t go up it is ripe for a takeover bid.

https://news.sky.com/story/amp/former-prince-andrew-aide-eyes-role-in-takeover-bid-for-currys-13080842

JetBlues proposed takeover of Spirit for $3.8b blocked by judge stateside. Spirit down 55% , JetBlue up 5% Delta AA United all down 2-4% Shitty day for airlines