International Consolidat... Share Discussion Threads

[neilrich] 10/9/2018 22:21

Clearly the Telegraph is no better than the Daily Mail.

£500 million lawsuit...can't see it myself!

Under the old DPA the ability to claim for ‘distress̵7; was dropped. Then as now under the GDPR you have to be able to prove ‘damage’ ie. not that your feelings were hurt.

SPG Law is launching legal action over claims that BA was compensating customers for “direct financial losses” but not for the “inconvenience, distress and misuse of their private information”

As a victim myself, I'm struggling to think of any 'damage' !!

[montyhedge] 10/9/2018 21:43

Don't shoot the messenger telegraph online saying IAG facing a 500m pound lawsuit.

[nedhammers1] 10/9/2018 19:59

It's obvious Monty hedge bets, it's in the name ... Fair play, obviously shorting it at present .....

[m1k3y1] 10/9/2018 19:00

BARC RNS

Transaction in Own Shares

International Consolidated Airlines Group, S.A. (the "Company") announces that on 10 September 2018 it purchased 998,299 ordinary shares of €0.50 each in the capital of the Company as follows, all of which will be held in treasury until cancelled.

Number of shares purchased

Trading venue
LSE 680,541
Bolsa de Madrid 317,758

The purchase was made pursuant to the buy-back programme announced on 9 May 2018.

Following the purchase, the Company holds 55,990,971 treasury shares and the Company's issued share capital (excluding shares held as treasury shares) consists of 2,001,998,323 shares.

[neilrich] 10/9/2018 18:28

SPG no longer making money from PPI, bottom of the barrel...looking for their next form of income.

I'm a so called 'victim'...what distress?

Check this piece in the telegraph, more importantly scroll down to the bottom and open the readers comments...I'm reading nothing but praise for BA.

www.telegraph.co.uk/business/2018/09/09/british-airways-customers-claim-data-distress/

I'm sure that IAG has bigger and better lawyers than those employed at SPG. Surly any claimant would have to prove that they suffered from distress!

Can't imagine that Willie and co shall be loosing any sleep over this episode, this latest issue shall blow over and IAG shall be a better/stronger company because of it.

[montyhedge] 10/9/2018 17:53

Oh dear just read a article, google Mirror article BA.Law firm SPG saying BA compensating for direct financial loss, but not for inconvenience, distress and misuse of their private data. It estimates that each individual might be able to claim 1250 pounds in compensation from BA.

[montyhedge] 10/9/2018 16:55

I had to laugh boys, lol.

[elmo1971] 10/9/2018 16:32

Monty
I never said it would be less days. I said it could be if they buy more than 1m+ shares per day. To date the average has been 550k
It could well be another 40days of 1/2m shares per day
I said I have carried out a detailed analysis of the RNS announcements and there are approx. 20m shares still left to purchase under the terms of the buyback.
Try putting all the buybacks into a spreadsheet to prove it to yourself

[nedhammers1] 10/9/2018 15:55

Ic1, you can shirt or go long on a share via IG or other firms, not quite sure what your going on about. And there's nothing wrong in doing that and be invested in a company long term as well.

[nedhammers1] 10/9/2018 15:54

Ic1, you can shirt or go long on a share via IG or other firms, not quite sure what your going on about. And there's nothing wrong in doing that and be invested in a company long term as well.

[montyhedge] 10/9/2018 15:08

elmo
I agree with you it must be less days, Friday alone 6.7 million pounds spent. Buybacks I recall 500 million pounds and they been buying for months.

[m1k3y1] 10/9/2018 15:06

I'm with you on this elmo.
Same plan and same view

[elmo1971] 10/9/2018 14:57

Could be less than 20 days if they start buying more than 1m shares per trading day.
All I know is that they have 20m left to buy at today's price based on a detailed analysis of RNS share buyback announcements to date.
I am in this one for the long term 3+ years. Not really interested in short term swings.
PE ratio of Ryanair, Easyjet, Delta, American Airlines, United Continental all around 12. We are at 6.
Recent upgrades from CitiGroup and Davy Stockbrokers to £9

[toon1966] 10/9/2018 14:29

Montyhedge - why do you think less? You were the person who asked the question in the first place? You really are a complete …..

[m1k3y1] 10/9/2018 14:26

Honestly Monty , I think you are just trying to wind people up now.

Elmo said 20 days at 1m or 40 days at 500k.
As for the 'massive' fine ......I am not expecting one.
IAG will be in contact with the regulators to establish quickly if there is a fine to pay and if so, exactly how much it is likely to be.
Then they will announce it (just as they did with the IT issue)to put to bed any uncertainty.

[montyhedge] 10/9/2018 14:04

Good post elmo, so approx 20 days left, I think less, but neither here or there.
Don’t you think prudent to stop now,
until the outcome of possible massive fine under new GDRP rules and compensation for customers affected.
Otherwise it may effect dividend.
What’s your thoughts.

[m1k3y1] 10/9/2018 13:25

Thanks for the breakdown elmo.

[elmo1971] 10/9/2018 13:17

at least 20 trading days left at a rate of 1m per day
since buyback commenced on the 10th May they have bought back 46,138,562 shares at £6.75 average per share = £311k or €350k
So they approx 2/3 way through buyback
£135k/€150k left to spend at today's price equates to 20m shares
average daily rate of buybacks are approx. 550k shares per day so depending on rate of buyback could be up to 40 trading days of buybacks left.
Would take uu nicely up to next earnings date and divi announcement

Shares bought back taken from daily published RNS

[montyhedge] 10/9/2018 11:14

Any guesses guys on how much on buybacks left, must be a matter of days.
Then the cushion gone. Wow looks like IAG brokers in there, buying shedloads, today just like Friday.
I know buybacks nearly finished, but don't you think they should hold off until uncertainty over hacking problem is over to preserve cash.

[montyhedge] 10/9/2018 11:05

One thing investors hate is uncertainty, fine, compensation? All we know if they wanted to IAG fine could be up to 500m pounds, I don't know compensation costs. 380,000 that's a lot. I have had a email just as a precaution. I did not book between hacking dates. It's a good job buybacks otherwise 645p. They bought a 1 million Friday I think most ever in a day. So shareprice being supported.

[m1k3y1] 10/9/2018 10:21

Monty....if's and's and maybe's are irrelevant.
This is a good share making lots of money with the potential to buy another airline that could add substantial cost saving synergies.

I am in for the long term and I expect the share to do well.
If you are looking for short term drops and gains, good luck to you.

[montyhedge] 10/9/2018 09:41

Don't want to be negative, I like IAG but some are saying in the Daily Mail fine could be 500 million pounds. Probable top end, but new rules came in May 2018.GDRP could IAG be made an example of.

[montyhedge] 10/9/2018 07:43

That's correct you can't have rose tinted specs on all the time on a share. Shares go up and down. Sometimes you got to be realistic, especially if something has happened.

[xc1] 09/9/2018 22:25

Folks, Monty isn't shorting this share. No pi can short it.All we can do is utilise mirror platforms, ig, etc.. but all that really happens is people bet against each other on these mirror websites. So Monty shorting the share is incorrect.

[nedhammers1] 09/9/2018 21:34

But I thinks you hedge bet IAG like me ......