International Consolidat... Share Discussion Threads

[neilrich] 21/5/2018 20:34

Lets face it....should someone wish to take over IAG and they offer a 30% premium on Today's closing price (>900p a share).....I'd accept!

[m1k3y1] 21/5/2018 17:55

Let's hope so chief.

[chiefbrody] 21/5/2018 16:56

Beginning to feel like a done deal...

[neilrich] 21/5/2018 16:35

Yeah, but no denial from either side.

[m1k3y1] 21/5/2018 16:31

because no formal offer has been tabled yet, I am guessing neil.

[neilrich] 21/5/2018 15:42

What is interesting...no formal statement from either side confirming the reports.

[chiefbrody] 21/5/2018 15:22

Oh no doubt.With IAG behind them, i'd expect them to be contributing to the bottom line within a year or so.

[neilrich] 21/5/2018 15:21

IAG was loss making once upon a time! Just wait for Willie to work his magic.

[chiefbrody] 21/5/2018 15:08

Not read many numbers on NOR accounts so not sure how i feel about 1.3 billion squid.All i know is that it's still loss making.I'll let the market decide. If they're happy and the shares rise, i'm happy :-)

[neilrich] 21/5/2018 09:45

Very clever....Norwegian closed Friday down over 7% at 251 NOK, Today IAG are offering 340 NOK for every share.

Some are citing the U-TURN by IAG from what was being reported on Friday, however this is all part of the game. Walsh wants Norwegian and I think he is going to get it.

[m1k3y1] 21/5/2018 09:03

Norwegian Bid

The FT

[m1k3y1] 19/5/2018 14:22

Thanks neil, typo on my part !
They may be leasing the slots but it would appear at zero cost to them.
Not sure a bid for Thomas Cook would be a good idea but I do feel IAG needs to buy something at the moment.

Walsh will still be stinging after failing to secure Niki Air.

[neilrich] 19/5/2018 14:11

Thomas Cook are leasing the slots, not Thompsons. Perhaps IAG have been considering an offer for Thomas Cook Group, not impossible.

[m1k3y1] 19/5/2018 12:50

Have to agree neil.
What point in buying Norwegian just to give parts of it to your competition.

I also note in the previous article, that they say Thompsons have leased LGW slots from IAG , at no cost for two summers, so that IAG can preserve the slots obtained from Monarch.

If this is the case, another bad decision for me . Why would you pay for slots , so that your competitors can use them at zero cost ???

[neilrich] 19/5/2018 12:33

Tie up with Ryanair? Can't believe that's on the cards. Also, IAG only interested in the long haul, can't believe that.....IAG does short haul too.

[m1k3y1] 19/5/2018 10:06

IAG shareholders propose joint Norwegian bid with Ryanair
hxxps://newsroom.aviator.aero/iag-proposes-joint-norwegian-bid-with-ryanair/

[m1k3y1] 18/5/2018 15:50

Interesting reading neil, thank you.
I wonder if this is one of the reasons walsh is trying to acquire Norwegian.
he needs the aircraft.

[neilrich] 18/5/2018 15:28

IAG turned to Qatar Airways, its biggest shareholder, and Thomas Cook’s airline to help it fill the extra slots over the busy summer period as its seeks to embed its position at Gatwick, Britain’s second-biggest airport.

[m1k3y1] 15/5/2018 16:09

agree about overpaying chief.
Plenty of targets out there for IAG.

[chiefbrody] 15/5/2018 15:55

Not sure about pressure. Depends what the big shareholders (Qataris etc) think. If IAG are one of the leaders in the consolidation rounds, investors might be weary of a bad buy/overpaying etc.P/E roughly half of what the likes of EZJ have. Maybe thats just how its meant to be.

[m1k3y1] 15/5/2018 15:44

Thanks neil.

I think they will be under pressure to increase the divi.
It is the downside of having an increasing share price
Otherwise maintaining such a small divi will offer little to investors, which in turn, will keep the share price lower than it might otherwise be.
Unless of course that's what they want ???

[neilrich] 15/5/2018 15:40

Forward EPS is 111.96¢, the forecast dividend is 29.00¢, therefore dividend cover is 3.86.

EZJ has a dividend cover of 2, therefore IAG could potentially increase the dividend substantially.

[m1k3y1] 15/5/2018 15:33

chief
when you say Div nearly 4 x covered , is that based on a divi before the withholding tax is applied ?