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| Share Name | Share Symbol | Market | Stock Type |
|---|---|---|---|
| Bay Capital Plc | BAY | London | Ordinary Share |
| Price Change | Price Change % | Share Price | Last Trade
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|---|---|---|---|---|
| 0.00 | 0.00% | 6.75 | 08:00:10 |
| Open Price | Low Price | High Price | Close Price | Previous Close |
|---|---|---|---|---|
| 6.75 | 6.75 | 6.75 | 6.75 |
| Industry Sector |
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| GENERAL FINANCIAL |
| Top Posts |
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Posted at 12/7/2011 09:16 by fiat lux Bayfield Energy to list on AimBayfield Energy, a small Caribbean oil explorer set up up by the founders of the £1.7bn Burren Energy, is planning to list on London's junior Aim market. The company, which has key assets in Trinidad and Tobago, wants to float by early July, joining in the rash of oil and gas listings this year. Bayfield Energy is not yet saying how much it wants to raise from the float. The company is not yet saying how much it wants to raise, but disclosed that management and directors have put $47.5m (£29m) into the business so far. It aims to have production of 8,000 barrels of oil per day by 2013. Bayfield's predecessor, Burren Energy, floated on the London Stock Exchange with a market capitalisation of £175m in 2003 and five years later it was sold to Italian energy giant Eni for £1.7bn. Hywel John, chief executive of Bayfield Energy, said: "We are offering investors the opportunity to share in significant potential upside as we rapidly cycle the funds we raise in the initial public offering process through the business. "Our contracting of a jack-up rig presents a defined work programme for our Trinidad and Tobago assets with the potential to deliver substantial increases in shareholder value within a two-year time frame." |
Posted at 17/12/2010 12:28 by alphorn The next Financial Statements will be for the 9mths to 31/12/10 - will that be the new combined group or does that come into force 01/01/11?From the BAY investor site: British Airways and Iberia received shareholder approval for their planned merger. The merger will create a new holding company International Airlines Group that will be ideally placed to lead future consolidation within the aviation industry. It will also create annual synergies rising to 400 million from the fifth year. The merger will be completed in mid January 2011. So I guess it will be the last standalone BAY results. |
Posted at 01/12/2010 13:58 by anony mous Buxton sees 'material upside' in BA as investors agree merger01 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." |
Posted at 28/11/2010 19:18 by anony mous BA and Iberia ready for £4bn lift-off with clearance from investorsThe Observer, Sunday 28 November 2010 Decades ago flag carriers were jealously protected extensions of a nation's foreign policy. But Spain and Britain will enter a new era of aviation fraternity tomorrow when British Airways and Iberia shareholders are expected to back a £4bn merger. Investors in both companies will hold extraordinary general meetings in London and Madrid to vote on the creation of a new superpower in the global market: International Airlines Group. IAG follows in the slipstream of Air France-KLM, created by the merger of the French and Dutch national carriers, and Germany's Lufthansa, which has gathered the Swiss and Austrian flags under its wings in recent years. A BA spokeswoman said: "The industry is moving towards consolidation. This is an important step for both airlines." BA will retain its brand and distinctive tailfin if the merger goes ahead, with Iberia also maintaining a separate identity. BA's chief executive, Willie Walsh, will lead the combined, London-based group and has pledged to wring 400m (£339m) of cost savings from a combined fleet of more than 400 planes and a 57,000-strong workforce. In the past BA's attempts to alter its identity have met stiff resistance, including a notorious attempt to alter its tailfins that drew the ire and covering handkerchief of Margaret Thatcher. But the headwinds of a global downturn and cut-throat competition have ensured that the creation of IAG has been largely unopposed. Even Sir Richard Branson, founder of arch-rival Virgin Atlantic, has ignored the deal and instead mounted a failed campaign to prevent a strategic tie-up between BA and American Airlines. "In common with the rest of the industry, BA has struggled to deliver satisfactory returns to shareholders over the cycle," said Douglas McNeill, analyst at Charles Stanley Securities. "It has had some good years, but also some very poor ones. Consolidation can help by making it less likely that the industry will collectively invest in too much capacity." He warned that too many seats drive down prices and whittle away wafer-thin margins. BA is expected to merge with Iberia with the threat of a looming new strike ballot by cabin crew. Tony Woodley, outgoing joint general secretary of the Unite trade union, has warned the organisation is close to staging another poll and is preparing to hold a news conference after the meetings. |
Posted at 28/10/2010 12:02 by anony mous 25 October 2010The Sunday Times ■ Inside the City: Danny Fortson thinks the British Airways share price surge - up by nearly 20 per cent in the past month to 283p - has further to go even if some investors have missed the early stages. |
Posted at 22/10/2010 11:01 by mark1000 Broker tipsGerman 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 |
Posted at 02/8/2010 13:48 by bartram Guardian:Citigroup & RBS raise their price targets for BA. "British Airways shares jumped 4%, or 8.7p, to 228p, by 11:30am after the carrier's price target was lifted by Citigroup and the Royal Bank of Scotland. Citigroup said in a note to investors": "Our target price is raised by 12p (to 295p) based on 100% probability of its joint venture with American Airlines going ahead in our view (following regulatory approval 2 weeks ago) to give a total value of synergies of 25p per share." British Airways is also working on a merger with Spain's Iberia. The enlarged group plans to dominate the North Atlantic traffic, through BA, as well as routes from Europe to South America, where Iberia has a strong presence." |
Posted at 29/6/2010 07:53 by bartram Today's FT:BA warns cabin crew as ballot nears By Pilita Clark Published: June 28 2010 22:47 | Last updated: June 28 2010 22:47 British Airways has warned its cabin crew they face the risk of fresh legal action or even dismissal if they go ahead with a strike vote that could see another round of walkouts at the loss-making airline this summer. In a further sign of pressure, BA revealed on Monday that 4,500 people have formally registered interest in being hired as Heathrow cabin crew since it started a recruitment drive last week for 1,250 new staff on sharply reduced salaries at its main airport base. The moves come as the airline and the Unite union that represents most of its 13,400 flight attendants square up for a new bout in what has become one of the worst industrial relations battles seen at square up for a new bout in what has become one of the worst industrial relations battles seen at Europe's third biggest airline by revenues. Unite has already staged two waves of stoppages over 22 days since March, in a row that originally centred on the airline's move to cut cabin crew numbers on most of its long-haul flights. More recently, the union said it would launch another strike ballot on Tuesday on three other issues: the use of volunteer crews not working under collectively agreed conditions; the failure to restore staff travel benefits withdrawn from striking workers; and "vindictive" disciplinary actions arising from the strikes. Unite said on Sunday it would postpone this ballot to allow its members to vote on a new offer BA made on Friday, in which the airline slightly improved a previous proposal to guarantee existing staff allowances would not be reduced once the lower- paid recruits started work later this year. The union said, however, it would not recommend its members approve the revised offer because it failed to address issues such as staff travel. Its leaders strongly suggested the postponed ballot would eventually go ahead. But a letter seen by the Financial Times reveals that the airline's director of people, Tony McCarthy, who has been heavily involved in the dispute negotiations, wrote to Unite's joint leaders, Tony Woodley and Derek Simpson, on Friday to warn that this ballot could place BA employees in jeopardy. "Whilst we are carefully examining the reasons for your new ballot, we would like to point out that we believe they are not new items and, therefore, you are potentially putting your members at risk," said Mr McCarthy. "I would strongly urge you to reconsider the content of this revised offer carefully before you initiate your ballot." Under UK industrial law, workers can lose their statutory protection against dismissal if a court deems that they are striking over what are effectively the same issues. Asked if this was what the airline intended, a BA spokesman said only: "We are considering the position." Marc Meryon, a partner at Bircham Dyson Bell, a law firm that specialises in industrial relations, said the threat of dismissal was clearly one interpretation of Mr McCarthy's letter. "This may be a suggestion that any future industrial action should be treated as a continuation of the previous action and so placing members at risk of dismissal if they continue to take strike action, or that a re-ballot of members on the current dispute may be vulnerable to challenge," he said. Unite has not said when it will hold its new ballot. But last week's news that BA has started hiring new crew, a move it says will save £100m in 10 years, has heartened investors in the City of London. A spokesman for the airline said on Monday that 16,000 people had clicked on the careers section of its website since it started advertising for the new recruits last week and 4,500 people had officially registered interest in making an application to be hired. |
Posted at 25/5/2010 16:47 by drewz Tom Bulford of Penny Share Sleuth's view on AIM shares in ISAs:But these clearly sound investments are off-limits to ISA investors. Instead they have been permitted to invest in the likes of Royal Bank of Scotland and British Airways. These, despite all their talk about Risk Management and Corporate Governance, are basically corporate basket cases that no sane investor would touch with a barge-pole. Lol! Good job, Willie! |
Posted at 20/3/2010 14:58 by alanrex clearly both the unions and BA are losers in this. Suggestions that the investors in BA are patriotic to me seems rubbish. Investors want a return in the form of income and growth. Its early days yet, and fortunately for BA management the early signs are not of very bad press as they seem to have planned quite well with cancellations etc. However, as the weekend rolls in, the impact of any overseas support and the financial and longer term implications for BA become clear, then we could see some real pressure on the price.all imo dyor. |
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