Bay Capital Share Discussion Threads

[mark1000] 04/11/2010 14:57

Enami - Its a good day on the market and BA`s result last week were good and now the sell on news brigade have gone the shares are resuming their upward trend. Expect to see this back over three pounds soon a lot going on with mergers and partnerships premium traffic recovering Olympics in 2012 double your money in 20 months from here imho DYOR

[enami] 04/11/2010 13:56

OK set of TRAFFIC AND CAPACITY STATISTICS yesterday.

Is today's rise in reaction to the QANTAS incident whereby all of the BA Aussie serivces will be full due to QF grounding their A380 fleet?

[anony mous] 03/11/2010 11:29

this is the second time they lose on this case .....


The Unite union has lost its court appeal against British Airways' decision to reduce the number of cabin crew staff on its flights.

BA made the change in November of last year, a move that was upheld in the High Court in February following a legal challenge by Unite.

Unite subsequently went to the Court of Appeal, which has now also ruled in BA's favour.

[anony mous] 03/11/2010 11:21

... but no news channels covering this story, because its good news for BA.

if unite won, it'd be shown on skynews every 10 minutes ! LOL !

[jonc] 03/11/2010 11:18

Good to see the BA unions getting a good kicking in the courts.

Having flown out on my hols with ETIHAD the BA crew can imo no longer consider themselves some sort of elite.

Glorified bus conductors at best.

[anony mous] 03/11/2010 11:16

BREAKING NEWS;
another blow for the Union !

British Airways Wins Appeal in Union Job-Cut Case
November 03, 2010

Nov. 3 (Bloomberg) -- British Airways Plc didn't breach contracts when it cut cabin-crew staffing levels last year without union approval, a London court said.

LONDON (Dow Jones)--Trade union Unite Wednesday suffered a further blow in its long-running battle with British Airways PLC (BAY.LN) when it failed to convince a U.K. court that the carrier's decision to reduce cabin crew numbers on certain flights was illegal.

A ruling by the Court of Appeal that BA's move didn't constitute a breach of contract upheld a High Court's ruling earlier in the year.

[selborne_edge] 02/11/2010 09:51

If you looked at the profit figures for BA you would have reason to think that the company was about to collapse. However the current management has now got its act together and this provides for a more hopeful future. The share price seems likely to rise from here.

[indieman] 02/11/2010 07:55

'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.

[anony mous] 01/11/2010 16:12

1 Nov 2010
British Airways downgraded to hold from buy at Liberum, fair value price raised to 332p from 290p

[ben nevis] 01/11/2010 09:29

We need to buy on dips and sell on bumps.

Long term, no-one can say.

[anony mous] 31/10/2010 20:45

Guardian
31 Oct 2010
British Airways offer 'probably best available', says union

Cabin crew to vote on British Airways' latest offer with further strike action the only alternative to accepting the deal.

Union representatives have told British Airways cabin crew that a peace offer that could end a long-running dispute is "probably the best" deal available, with further walkouts the only option if it is rejected.

About 10,000 crew affiliated with the Unite trade union are preparing to vote on an offer that could finish a year-long row with the airline. Unite's largest cabin crew branch, Bassa, said in an email to members that the only alternative to the deal was strike action. The BA offer sets out a framework for restoring staff travel to the estimated 6,700 crew who took part in 22 days of strike action this year, as well as allowing the Acas conciliation service to mediate disciplinary cases.

The Bassa email states: "This is probably the best that negotiation could produce at the current time. The only other alternative would then be taking industrial action, the outcome of which of course is always unknown." However, the message also raises concerns from members that the offer is similar to one rejected in June.

"Many members could not understand why it has not already been rejected by your reps. The answer is simple: rejection is for you alone to decide," said Bassa.

BA has asked that Unite recommend the offer as a precondition for tabling it. Willie Walsh, BA chief executive, has said that he is "hopeful" that the union will back it. Walsh told the Guardian last week that the communications accompanying the ballot would be keenly watched by the airline. "It will be the communications that they issue in relation to the ballot that will be the test. I am quite pleased with the position that we have negotiated with Unite. It genuinely represents an opportunity to get a fair resolution. It is an opportunity for people to demonstrate that it is time to bring this to an end."

The consultative ballot has not yet opened because Unite is still working through the implications of BA's demand that all legal action related to the dispute must be halted. If the offer is rejected, Unite must hold a further ballot before it can call industrial action.

[y1phr] 31/10/2010 19:59

short this at your peril.

[alphorn] 31/10/2010 11:02

Agree, forward bookings on the Olympics should be helpful as well as an agreement with the cabin crew. The pension deficit etc still remain which will require funding. (Now net short BAY).

[jailbird] 29/10/2010 18:35

Still holding and long..bring on 2011 for forward bookings for olympics.

[jailbird] 29/10/2010 18:25

still holding and long..bring on 2011 for forward bookings for olympics.

[ben nevis] 29/10/2010 17:22

Some credit to IG since I now have a reply, explaining that the 20% margin (for guaranteed stops) was just for today (volatility I suppose) and it's going back to 5% this evening.....(YES it has done :)

No comments from IGindex people; so maybe they only did it to me ??!!

[ben nevis] 29/10/2010 13:18

IGINDEX have increased the Min Guaranteed Stop on BAY from 5% to 20%

Anybody else infuriated ??

This is FOUR times the margin needed.

I have complained by email.

Any position stopped-out will suddenly need 4 times the margin, to reinstate it.

This stinks, especially for those with BIG positions. (I dont, but I feel for those who do.)

[phillis] 29/10/2010 11:53

Recovery well under way
Unions have been effectively despatched

[ocaudillo] 29/10/2010 09:58

No concerns about the working capital deficit? Their current liabilities outstrip their current assets by quite a margin - and this is the good part of the year..

[alphorn] 29/10/2010 09:25

Results look good. The share price reaction is profit taking after the strong rise.

[anony mous] 29/10/2010 09:17

Good numbers.

day traders getting out on numbers, pulling share price down.
back over 2.80 pronto, then move above 3.00

[spob] 29/10/2010 08:36

webcast starts 9am

[spob] 29/10/2010 07:41

Whoopee, BA made a Summer profit

Unfortunately they have to add Winter, for the full year loss :)

[anony mous] 28/10/2010 22:25

LONDON (SHARECAST) - European airlines have recently been experiencing improved fortunes and so the portents for British Airways's second quarter update are good.

The airline recently cemented its-three-way tie-up with Iberia and American, while rumours of a settlement over its cabin crew dispute have grown louder recently.

German broker Commerzbank last week said that based on the expected very strong results for the second quarter, it sees "clear upside to current market expectations for full-year earnings and to the company's most recent guidance (currently: breakeven at the profit before tax level)."

Charles Stanley adds that the combination of revenue growth and good cost control will give strong operational leverage to profitability and this should be more pronounced in 2011-12.

[anony mous] 28/10/2010 12:02

25 October 2010
The 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.