International Consolidat... Share Discussion Threads

[neilrich] 28/9/2018 10:47

Interesting that the Telegraph article makes reference to the 'main causes for concern' being over industrial action and ATC restrictions within Europe.

Earlier in the year Walsh also stated that strike action within France was a greater threat than the rising price of oil.

I'm working within this industry, certainly been no strike action within recent months.

[montyhedge] 28/9/2018 09:51

Oh that's it then no problem.

[m1k3y1] 28/9/2018 09:48

Telegraph
EasyJet upbeat on profits as it shrugs off industry turmoil

[m1k3y1] 28/9/2018 09:44

Thanks elmo

[montyhedge] 28/9/2018 08:55

Bears can't fight buybacks, especially on low volume day.But I'm with UBS on this one. Neutral from buy.

[elmo1971] 28/9/2018 00:29

M1 - agree with your sentiments and Ned ref shorting. Remember we are waiting for 705 before shorting big time and there may only be a few hours or minutes left of buybacks. I better sell everything in the morning!!
Don’t take the bait, just ignore.

Nobody can predict how many days are left of buybacks. All we do know is that there will be a lot less shares in issue which means a larger earnings per share figure and if they adhere to the % payout for dividends more divi per share.
IAG has one of the lowest PE ratios of the FTSE 100 companies and is approx half its peer group.
Would not advise anyone to buy or sell based on my musings but I do believe in investing based on fundamentals and think these are a compelling medium term investment as do Citigroup and Berenberg.

[montyhedge] 27/9/2018 20:47

Wow they pushed the boat out with buybacks today 1.4m.

[m1k3y1] 27/9/2018 19:05

Thanks neil

[neilrich] 27/9/2018 18:49

I'd imagine that this is due to higher volume traded on the LSE and the 25% restriction, I suspect much lower volume traded Today in Madrid, therefore the imbalance.

[m1k3y1] 27/9/2018 18:10

Interesting to note, that the buybacks appear to be more heavily weighted towards the LSE than Bolsa .
I have no idea why though.

[m1k3y1] 27/9/2018 18:08

IAG RNS
Transaction in Own Shares
International Consolidated Airlines Group, S.A. (the "Company") announces that on 27 September 2018 it purchased 1,454,972 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 1,146,000

Bolsa de Madrid 308,972

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

Following the purchase, the Company holds 65,514,675 treasury shares and the Company's issued share capital (excluding shares held as treasury shares) consists of 1,992,474,619 shares.

[m1k3y1] 27/9/2018 17:30

I understand ned ......by all means short a company but why troll it so much on a chat forum.
It can only be to try and encourage others to sell the stock, regardless of how the company is performing.
Ultimately, this damages the company, the people who work for it and the shareholders.

[nedhammers1] 27/9/2018 16:40

He's shorting IAG .....

[m1k3y1] 27/9/2018 16:21

That doesn't explain why you want a company to perform badly.

[m1k3y1] 27/9/2018 16:04

Monty.....I've never known anyone to wish that a company's share price will perform badly , so much as you do.
I don't understand why you would .

[montyhedge] 27/9/2018 15:59

Lol no chance ever known analyst target to be met on the upside. About 5 days buybacks left then cushion gone, looking for 580p.

[m1k3y1] 27/9/2018 15:26

looks like a buy to me .

[neilrich] 27/9/2018 15:08

UBS would have gone neutral when IAG was in the range 685p - 695p.

Their new target price 705p, at 659p that's 7% upside...neutral equals sell?

[nedhammers1] 27/9/2018 14:43

What do UBS know ....

[montyhedge] 27/9/2018 14:39

UBS neutral from Buy in other words a sell. Oil not the main reason.

[neilrich] 27/9/2018 12:13

Goldman Sachs are saying that the Oil Price shall not hit $100 a barrel.

The investment bank sees Brent “stabilizing back in their $70-80/bbl range into year-end.”

[montyhedge] 27/9/2018 07:10

If they have up buybacks to 1.3m a day, surely about 6 days left.Then let's see what happens to the shareprice.

[nedhammers1] 26/9/2018 23:48

I've upwards into +10pts territory today?