Bay Capital Share Discussion Threads

[anony mous] 24/1/2011 12:44

great, thanks JC !

[jamesclives] 24/1/2011 12:20

please use NEW thread.....



;-)

[power] 24/1/2011 08:44

strange indeed theres small volume. spole to my broker Daniel Stewart ....and they didnt even know it was trading, not even the code!!!

A tading opportunity is still open . considering its the same share, its tading at different levels on Madrid & Ldn, there's a spread bet there ! You guys who understand such complex trading should be on that ??

[enami] 21/1/2011 12:47

jcpete5 the ratio is 1 for 1.

spob has started an IAG thread.

[jcpete5] 21/1/2011 12:19

Whats the old share/new share ratio?

[shauney2] 21/1/2011 10:31

Thanks Anon.
Not looking after his members interests saying something so stupid.

[shauney2] 21/1/2011 09:30

Where is that quote from Anon?

[anony mous] 21/1/2011 09:28

unite said few weeks ago, they would not strike during Royal Wedding.

today, unite monkeys say....

Cabin crew at British Airways will today vote on walkouts during the Royal Wedding and the half-term and Easter holidays, expected to be some of the busiest periods of 2011 for travel.

Ahead of the vote, Unite Union leader Len McCluskey issued a stark warning to passengers, saying: 'Watch this space. Don't go on holiday.'

[datait] 21/1/2011 08:13

expect to open up again at £1.50

[dow trader majorca] 20/1/2011 22:25

Here's hoping they have more success than the previous IAG !

[anony mous] 20/1/2011 22:08

BA ends trading ahead of merger

British Airways has ended 24 years of trading on the stock market ahead of its merger with Spanish carrier Iberia.

The merger will complete on Friday and shares in the new holding company, International Consolidated Airlines Group (IAG), will be listed on the stock market in London and Madrid on Monday morning.

Shares closed 5p lower at 282.5p on Thursday, its last day, after easyJet warned soaring fuel costs were expected to double half-year losses and shook confidence in the industry.
The completion of the merger comes more than two decades after British Airways joined the London stock market in a high-profile flotation that was 11 times oversubscribed.

BA and Iberia will retain their brands as part of the initiative that is expected to save 400 million euro (£337.3 million) a year by its fifth year.
The new airline group will have 419 aircraft flying to 205 destinations and will be Europe's second biggest airline by market value after Lufthansa.
BA will also benefit through Iberia's strong presence in south America, where BA operates only a handful of routes.

The newly-formed group plans to aggressively expand through further acquisitions and has already drawn up a list of 12 companies it is interested in buying.

Willie Walsh will step down as chief executive of BA to take up the same role at IAG in a move that will see his basic pay increase 12% from £735,000 to £825,000 a year.
Current BA chairman Sir Martin Broughton will remain in the post after the tie-up, but will also become deputy chairman of IAG and will earn 350,000 euro (£295,000) and an extra 175,000 euro (£148,000) next year to help with the demands of integrating the two firms.

[anony mous] 20/1/2011 22:05

British Airways strike: time to grow up
The Guardian
20 Jan 2011

written by a BA Pilot

British Airways cabin crew will announce the result of yet another ballot for strike action tomorrow. Most commentators seem to think that they will again vote in favour – but this time there will be fewer taking part in the ballot and possibly a smaller majority. There is also a widely held confidence in the management of the airline that they can ensure the majority of flights will operate throughout any action.

As a captain with BA, I have flown recently with those cabin crew colleagues who believe they must fight on, those who have given up, those who never took up the strike and those who have volunteered from other parts of the airline to break the strike. Sometimes it was all of the above on the same crew – which is no basis for the calm and professional service on which my colleagues and the airline pride themselves.

If the predictions are correct, then how should each group behave to enable an end to this marathon dispute? Management are now considered by most people, even the crew themselves, to hold all the power. The union is no longer sufficiently credible when threatening disruption to force meaningful concessions at the negotiating table. The management response to the ballot result should tell us whether they are driven by emotion in seeking to wring every last concession from a defeated employee group – or whether they are taking an adult approach and the first steps towards winning back the trust of a key staff group.

If the ballot result is against further strikes, we should see a calm acceptance from the airline, with a magnanimous offer to implement their last or most generous position during the dispute accompanied by an offer to start work on improving relations with Unite. This would signal that their priority now was to return to high service standards and a normalised relationship with their employees.

If the vote is in favour, but without a real majority of the membership in a small turnout, it is Unite's response which will be more instructive. Would it argue that a mandate had been provided by that minority of loyal or foolhardy members, despite the majority being too apathetic or disillusioned to vote? If so, the union would be driving its members further down the current blind alley.

Unite not covered itself in glory with this dispute so far, and some imaginative thinking is needed to get out of the hole it and its members are now in. The BA-Iberia merger has presented an interesting opportunity. If the ballot is won, but weakly, Len McCluskey should take the opportunity to sit with the new chief executive officer of BA, Keith Williams, and these fresh personalities should seek to agree a new approach. This could be the same position BA management might adopt if the vote was against strike action – the most generous offer of the company paired with a move towards normalisation of relationships.

For the sake of the passengers, shareholders and all the staff, both union and management must seek an adult end to this dispute. They must both realise that key workgroups cannot be both bullied and expected to deliver either loyalty or excellent customer service. They must both realise that the problem has not gone away with any of the solutions so far suggested – in reducing crew complements by one, it is not the cost of supplying the service which has been reduced, but the level of service itself. So there is a need to continue talking, to recognise that a business needs to remain competitive and that employees have mortgages to pay and children to clothe and feed.

Of course, both sides could stand in front of the nearest TV camera later tomorrow, blame the other, signal further conflict and waste the best opportunity to solve this question for over a year. The vast majority of those who are connected with BA would be thoroughly disappointed with such a negative and emotional response. Let us hope that all sides take the opportunity of the change in leadership to find a sensible way out for everyone.

[factsonly] 20/1/2011 15:27

RIP BAY shares, you was a good share to trade, so predictable... paid for me and my missues RTW trip... a good few times at least. I wonder if shareholders in the new group will be given discounts on flights (across the entire group).

[bartram] 20/1/2011 13:34

AM - you're right to point out the Easyjet results - they're share price is currently down about 15%, bringing down the sector as a whole.

[anony mous] 20/1/2011 09:46

its just nervous pi's selling prior to conversion and suspension tomorrow.
people will then buy-back on relisting of merger, as IAG.
just short term blip, but the rise will continue.

[alphorn] 20/1/2011 09:38

May be the EasyJet numbers??

[ben nevis] 20/1/2011 09:35

Never thought the bulls would get so nervous so fast.

No new news today, so this is an irrational mass panick-selling I suppose !

[ben nevis] 20/1/2011 08:33

Gee what happened to drop this to 280 ?? Too bloody late.

After the merger we start again, shorting the bumps.

But must remember, bumps always go higher than we think; dips go lower.

[shauney2] 19/1/2011 18:57

Forget your shorts and get your skirts on.
Less you forget they still have a dispute to resolve.
......................................
This week we expect to find out the result of the ballot for industrial action among cabin crew.

While we all hope to see an end to this dispute, we must make sure our contingency plans are in place. If we are faced with further industrial action, we are confident that we are ready to fly 100 per cent of our longhaul programme and a significant proportion of shorthaul at Heathrow. We would also run a full schedule from Gatwick and London City.

Today, we are launching a new recruitment campaign for more volunteer cabin crew to enable us to build on this flying programme if we face a prolonged period of action.

Volunteering

Due to the tremendous support and effort you showed during the previous strikes, we were able to keep our flag flying and support our customers and our cabin crew colleagues who came to work.

The response we received across the airline was fantastic with every department volunteering to Back BA in the air and on the ground.

Volunteering is an excellent opportunity to support our customers and colleagues and see how other areas of the business function. Most of the feedback from the thousands who have volunteered already has been extremely positive and they found the experience really enjoyable.

Backing BA – in the air

Today we have launched the chance for more colleagues to train and work alongside cabin crew.

The training course takes 21 days to complete and will require a large level of commitment as there is a lot to learn. You will also need permission from your line manager before applying.

How to volunteer

If you would be willing to volunteer for both the training and the subsequent work in the air we will ask you to register via the homepage of the intranet.

The application process will take around 30 minutes to complete and you will need to have your passport on hand.

Customer Support Programme

If a strike goes ahead, we will also need volunteers for a number of other key roles to support our customers and colleagues on the ground. Last time, the response was overwhelming with over 8,500 shifts covered during the period of disruption.

When we know the details of any strike action, there will be a wealth of information on the intranet to help you choose which role would be right for you, and again, you should also speak with your manager before you volunteer.

In the meantime volunteers are advised to make sure their details are up to date in the CSP booking tool

Thank you for your support.

[jcpete5] 19/1/2011 17:32

So what happens to ure shorts after the merger Ben?

[ben nevis] 19/1/2011 15:30

OK guys, good time to buy, 290ish !!

All shorts closed. So Send it back up for us, fantastic :)