International Consolidat... Share Discussion Threads

[m1k3y1] 26/9/2018 18:20

IAG RNS
Transaction in Own Shares

International Consolidated Airlines Group, S.A. (the "Company") announces that on 26 September 2018 it purchased 1,391,973 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 1,083,000

Bolsa de Madrid 308,973

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

Following the purchase, the Company holds 64,059,703 treasury shares and the Company's issued share capital (excluding shares held as treasury shares) consists of 1,993,929,591 shares.

[montyhedge] 26/9/2018 17:10

Buybacks saved them once again should have close 645p.

[neilrich] 26/9/2018 16:59

This would explain Today's weakness.



UBS downgraded British Airways owner IAG to “neutral” from “buy” with a 705p target price. It cited rising fuel prices, growing industry capacity and tighter emission standards due to be enforced from 2020. The broker also flagged a potential 2019 deterioration in North Atlantic yields (the average fare paid a mile flown), which it said had turned negative for November, and saw “potential for weaker customer review scores for British Airways and Iberia on economy class tickets”.

[nedhammers1] 26/9/2018 15:07

Ridiculous easyjet up and RA we are down, f ing fraud lol, legal fraud .... It's all f ing Monty's shorting :-)

[m1k3y1] 26/9/2018 09:50

The Telegraph
Fresh Ryanair strikes see 30,000 customers hit by cancellations

[nedhammers1] 26/9/2018 09:47

Thanks Neil

[m1k3y1] 26/9/2018 09:36

Ned , I think neil has explained it .
I am agree with him.

[neilrich] 26/9/2018 09:04

"Some clear challenges lie ahead. Higher oil prices will create some headwinds, but we are now much better placed to respond to this challenge than in the past and our consistent fuel hedging programme continues to provide protection against volatility."

The Group’s fuel price risk management strategy aims to provide protection against sudden and significant increases in fuel prices while ensuring that the Group is not competitively disadvantaged in the event of a substantial fall in the price. The current Group strategy is to hedge a proportion of fuel consumption for the next twelve quarters, within certain defined limits.

Within the strategy, the Financial Risk Management programme allows for the use of a number of derivative instruments available on over the counter (OTC) markets with approved counterparties.

IAG have stated that a 30% increase in fuel prices shall impact upon profit before tax by only €41 million.

Earlier in the year Walsh did state that the French ATC strikes were a bigger issue than the rising price of oil.

Also, the group continues to modernise the fleets with aircraft that are 20-30% more fuel efficient.

[neilrich] 26/9/2018 07:57

Once the buyback is complete, the total number of shares purchased in the process shall be cancelled, therefore earnings and dividend per share shall both increase. Less shares when dividing up the earnings and dividend. On paper IAG fundamentals shall be better than they are Today.

[nedhammers1] 26/9/2018 06:33

M1k, could please explain in simple terms how buy backs help, I honestly don't know. I was lead to believe because it reduces the amount on the market hence reduces supply and pushes the price up or potentially doing so?

[m1k3y1] 25/9/2018 22:57

Ultimately, the buybacks will help the share price long term.
It's a simple matter of mathematics.

[montyhedge] 25/9/2018 19:34

Most ever buybacks in a day, but they could not stop the fall, oil price gone mad.

[nedhammers1] 25/9/2018 19:01

1.3 million buy backs today!

[nedhammers1] 25/9/2018 17:18

The fundamentals are not in any doubt, it's more to do how the markets react in the short term for me as I have a long position on IAG at a break even point just over 700. Serves me right lol

[m1k3y1] 25/9/2018 17:03

ned your basing things on sentiment not fundamentals.
One is transitory, the other is not.

[nedhammers1] 25/9/2018 16:53

Neil and m1k I applaud your optism, and sincerely hope it goes back up tomora even 1% would like welcome, my fear is it's still going down /:-(

[m1k3y1] 25/9/2018 16:50

BBC
Ryanair to cancel 190 flights on Friday across Europe

[montyhedge] 25/9/2018 16:31

Lufthansa down 5.16% so quite good day for IAG. Oil going to 100 dollars according to hedgies, that will hurt.

[neilrich] 25/9/2018 16:08

IAG operates within Europe, offices and company.

BREXIT uncertainty is a storm in a tea cup...business as normal from April next year. The German, Spanish and French government shall not allow the likes of Lufthansa, Iberia and Air France to be grounded from April next year.

Oil prices go up and down.....just like share prices.

I'm with m1k3y1, I buy and sell shares based upon fundamentals. Worth pointing out that the consensus for the current year has been revised upwards to 115c EPS, this shall go upwards again once the buyback is complete and the shares have been cancelled.

[m1k3y1] 25/9/2018 15:48

Who knows ned BUT the drop in IAG share price is massively overdone.
I refer everyone to the fundamentals, which are VERY positive.

[nedhammers1] 25/9/2018 15:47

EJ down 3.5%

[nedhammers1] 25/9/2018 15:43

Is that because they RA operate within Europe,offices and company, so Brexit will have minimal impact if there was a no deal Brexit?

[m1k3y1] 25/9/2018 15:17

RYA only down 0.4% at the moment