Bay Capital Share Discussion Threads

[trader steve] 05/1/2011 19:08

Bought in today on a new high within an existing uptrend.

[factsonly] 05/1/2011 16:12

What do bank analysts know about fair value? Target prices are meaningless unless they specify when it should hit the price... ie do they mean tomorrow? next year? next month, 10 years from now? The reason they don't is because they will most likely be wrong.

[anony mous] 05/1/2011 13:08

check this out......



British Airways offer good upside potential says Barclays
WEDNESDAY, 05 JANUARY 2011 12:10

Barclays (LON:BARC) have today maintained their 'overweight / positive' stance on British Airways Plc (LON:BAY) shares.

Barclays have 370p a share as a fair value target suggesting an upside potential of 28% from current levels.

At mid day on the FTSE 100 British Airways shares were a touch lower by 0.07% at 285.70.

[nellie1973] 05/1/2011 12:27

Broker note out-upgrade

[anony mous] 05/1/2011 10:04

LOL !
from 1.00 to 3.00.
shorters will never learn.
call the spikes daft but look at the chart, spikes lead the share price on higher trends.

[ben nevis] 05/1/2011 09:18

Daft spike there, created by Deutsche Bank's bullish advice... so they got a good price to sell...

Helped of course by many shorts being stopped out.

Most of mine survived. Should be mostly downhill from now.

[anony mous] 05/1/2011 09:02

once we break 3.00 shortly, onwards to 3.27 to 3.40 range pronto.
maybe 3.50+ before transfer to IAG.

[domtheone] 04/1/2011 16:43

Nah. Mildly postive. Shorts wont prosper here.

Onwards and upwards.

[ben nevis] 04/1/2011 16:36

Unjustified euphoria due to New Year ?
Seems the bulls are providing a great bump to short.

[jamesclives] 31/12/2010 19:34

BA battle hardened after year of challenges

By Pilita Clark, Aerospace Correspondent
December 30 2010 14:01

It may not have appeared so at times, but British Airways has had a better year than many had forecast for it 12 months ago.

Willie Walsh, the forthright Irishman who has headed the airline since 2005, was facing at least five significant challenges at the beginning of 2010.

On the strategic front, there was the merger with Iberia of Spain and the transatlantic joint business venture with American Airlines.

Financially, he had to tackle the swollen pension deficit and restore BA's overall profitability after two years of record losses. Last, there was the seemingly endless dispute with cabin crew.

One year on, Mr Walsh has prevailed on all but one: the battle with his flight attendants.

The two sides looked close to settling their differences towards the end of the year in a fight that started over cost cuts and deepened after Mr Walsh refused to restore travel perks fully to crew who took part in strikes that cost BA nearly £150m in 2010. Mr Walsh has won on the most important aspects of the dispute. He has cut cabin crew numbers on longhaul flights and hired cheaper flight attendants at BA's Heathrow base.

But the Unite union that represents most of the airline's 14,000 flight attendants is holding yet another ballot, set to close on January 21, making fresh strikes a possibility by the end of the month.

By then, Mr Walsh is due to be packing up his office at Waterside, BA's headquarters near Heathrow since 2005, and moving into a new building, expected to be located nearby, that will house International Airlines Group.

IAG is the holding company he is to head that will own BA and Iberia once the two airlines complete all formal requirements for the merger shareholders approved in November 2010.

One potential sticking point to the deal was a £3.7bn deficit in BA's pension schemes. Iberia had the right to walk away from the merger if it did not like BA's plan to plug the hole. In the end, Iberia gave its approval.

It was a similarly satisfactory ending for BA's attempt to run its business jointly with American Airlines on transatlantic routes, a move some analysts believe will be as important financially as the Iberia tie-up.

Inside BA, however, the merger with Iberia will be a big change for an airline whose history dates back more than 90 years.

The airline will become an operating company run by Keith Williams, finance director, leaving Mr Walsh to concentrate on challenges at IAG.

The most intriguing of these is one he unexpectedly set himself in September, when he revealed that he and senior Iberia executives had drawn up a list of 12 airlines they would like to buy or merge with once their tie-up was finalised.

Most guessed the airlines on the list would be, like BA, members of the Oneworld global airline alliance. Other alliance members include Qantas of Australia, Hong Kong's Cathay Pacific, American Airlines and Finnair.

Big obstacles are likely to hinder any tie-ups outside Europe, not least the political and legal limits that bar foreign airlines from taking over airlines in many countries.

But as Mr Walsh has demonstrated repeatedly in 2010, he is not a man to underestimate.

[anony mous] 28/12/2010 20:25

SkyTALK
DECEMBER 28, 2010

No. 4 American and British Airways joint venture finally approved

It only took fourteen years.

American Airlines and British Airways finally got approval from U.S. and European regulators for a joint business alliance that has anti-trust immunity.

With the JBA, which also includes Iberia, thethree airlines can cooperate on scheduling, marketing and other business functions on routes. They can also share expenses and revenues.

[y1phr] 26/12/2010 20:13

300p next month.

[jamesclives] 24/12/2010 16:28

Have a Merry Christmas all !

[ben nevis] 22/12/2010 16:11

Short the bumps. Or buy the dips.

But long-term holding is a muppet's game :)

[pjj71] 22/12/2010 15:39

I've taken out a short today!!!

Not due to snow!!! Oil price.. correlation to strong to ignore!!!

[anony mous] 22/12/2010 14:13

wonder how many muppets took out shorts here due to snow delays.
soon they will close at higher share price levels at losses, that will push the share price well pass 3.00 short term.

[alphorn] 20/12/2010 11:40

Added a bullish position to my BAY exposures to take advantage of the lower share price
(Now balanced bull/bearish positions).

[ben nevis] 17/12/2010 16:22

Next move to 260 or 280. Over 300 is way too bullish, IMHO.

[alphorn] 17/12/2010 12:28

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.

[maximillian1] 16/12/2010 14:52

318 v soon

[alphorn] 14/12/2010 10:16

On reflection I think that the pension change is a one off item as the inflation factor drops from around 4% to 3% for the actuarial valuations; once that is done the % increase y/y should be basically unchanged?

[anony mous] 14/12/2010 07:57

yes, jailbird ;-)


this morning, CREDIT SUISSE upgrades airlines.
BA and Iberia are its TOP picks.
Its says BA will outperform small budget airlines with premium cabin increasing too.

[jailbird] 13/12/2010 23:31

Anony mous,

"expecting much larger mkt cap as merger benefits feed through"

yep that what my thought too..hence the question

[alphorn] 13/12/2010 22:37

Interesting; the result of course is reduced pensions to retirees. I wonder whether the new basis covers existing or can it only be applied to new retirees?