International Consolidat... Share Discussion Threads

[toon1966] 02/11/2019 13:58

The Daily Mail's reporting on this is quite hilarious, they use 'could be called off' and 'Union bosses allegedly admitted'. Don't you just love the press?!! Also typical Sun reporting, quote from the article "Pilots will now vote on whether to accept terms. One said: Balpa caving in is great news for millions of passengers.” I suspect that 'one' is not one of the 93% who voted to strike in the first place.

No comment from either BA or BALPA.

[montyhedge] 02/11/2019 13:16

The Sun have good contacts. These will be back 600p+. Before dividend end of November.Also for me, IAG were 665p everyone thought 775p coming.But MSCI Global Index demote them from the Index, because of possible Brexit foreign ownership rules, tracker funds were false sellers, taking the price down to 450p.Now if a Brexit deal, surely must be included back in. Tracker funds would have to buy. I see these back to 675p.Onwards and upwards boys.

[m1k3y1] 02/11/2019 09:49

well spotted Chief and Monty...Hopefully positive for the SP

[montyhedge] 02/11/2019 09:34

No strike at Xmas deal will be done, probably back date rise to start of dispute. Shareprice onwards to 600p+ I see leading up yo the dividend.https://www.thesun.co.uk/news/10262941/british-airways-christmas-strikes-called-off/

[elmo1971] 02/11/2019 08:40

I didn’t mention current quarter fuel bill. I am fully aware it has increased. Fuel tailwinds in 2020. Read the transcript. Do you seriously think you know more that the company’s CFO
As I said it’s in black and white, suggest you read it

[chiefbrody] 02/11/2019 07:27

Sun reporting the pilots/unions backing down on xmas strikes and time to take the deal.

[cyberian] 01/11/2019 23:49

Air France revenues down quite a bit for the latest quarter, whereas IAG results were very solid despite the 2.5 day strike effect. It looks like the market has warmed to the positive aspects of solid numbers,the yield,plus strong Euro 7.838 billion cash position, up Euro 1.564 billion on December 2018. With Walsh to address the markets over next few days, and I do believe some resolution with the pilots is in hand....it has been pretty quiet recently which suggest to me that progress is being made on this important front. The PE ratio is a further plus when looking at the details contained with the results statement...quite under-valued against its peers. Good luck to holders...the momentum has turned positive and difficult to argue anything that is that negative.

[fjgooner] 01/11/2019 23:47

Hardly.

From IAG's 2019Q3 results:

"In addition, our fuel bill increased by EUR136 million during the quarter with fuel unit costs up 4.2 per cent at constant currency."

So when crude oil prices continue this surge, the fuel bill will increase yet further - 30% unhedged is a massive gamble for 2020. And a worse gamble still for 2021 when US shale is set to tighten according to many industry observers.

[elmo1971] 01/11/2019 21:04

Read the Q3 earnings transcript today and CFO Steve gunning specifically mentioned that they will have fuel tailwinds next year and are 70% hedged for 2020.
Spot fuel is $630 whereas hedgeD for 2019 slightly above $700.
10% saving on a $6bn fuel bill
It’s all there in black and white if you DYOR

[montyhedge] 01/11/2019 20:28

22 million shares traded, wow, I have not seen that for 12 months. Buyers really coming in.

[fjgooner] 01/11/2019 20:15

Oil is surging up by well over 3% ... but no update from the selective ramper above. Why?

Especially given that IAG's recent results highlighted fuel costs as a serious issue?

Or does ramperhedge only give oil updates on down days?

[montyhedge] 01/11/2019 20:09

They would not dare, Thomas Cook pilots looking for jobs, glut of pilots. Press and public would slaughter Strutton and Balpa.

[applepieinthesky] 01/11/2019 19:52

Seen the BALPA communication it's pretty wishy washy and can't see the mediation settlement set out by acas under the guidance of Brendon Barber being taken onboard. What next with travel concessions being still in place for another year I can't see this dispute ending soon . Remember Christmas is not far away will a shutdown be used as a leverage tool who knows.

[montyhedge] 01/11/2019 12:01

I will take a look.

IAG traders dreams, no stamp duty, looks like 550p+ Monday. If Balpa settle 625p.

[ny boy] 01/11/2019 11:43

Monty...best have a quick look at (ABDP), solid management, great business, results 27 Nov, have already stated ahead of expectations. Not very pull back, support reached and held... good one imo

[montyhedge] 01/11/2019 09:43

New trading range next week, 550p to 575p then may stay around that level until we here from Balpa, if good news onwards to 625p. In my opinion.
Nice dividend while we wait, lol.

Level 2 at the moment buyers 2 to 1 sellers, looks like it wants to test 540p today.

[montyhedge] 01/11/2019 08:50

2018 pro forma invoice was 3.46 billion euros, now knock off 214m euros, so pre tax still over 3 billion euros. Market cap 10.5 billion. I'm I missing something why they are so cheap?I suppose the pilot threat, surely they will do a deal. Thomas Cook pilots looking for a job, must be a glut of pilots. BA Pilots may be greedy but not stupid.

[ny boy] 01/11/2019 08:47

Monty, we’re onto a recovery winner here, just need a big Tory majority to unlock the paralysis, big jump in £, surge in holiday bookings and well over 600p, nice divi still.

Not long for (STX) US commercialization deal and (FOXT), added a load in yesterday’s drop.

(NFX) for spec long term hold imo

[wilc42] 01/11/2019 08:45

Just added. Time for take off

[montyhedge] 01/11/2019 08:08

If your right add 50p to this price.

[bobbybullet] 01/11/2019 07:42

Looks like an agreement with the pilots is in the cards!

[montyhedge] 01/11/2019 07:03

November 8th IAG Capital Markets Day.Walsh always seems bullish on these days.

[montyhedge] 01/11/2019 06:58

Branson wants his job, lol.Should push on higher, the fundamentals are crazily low.

[cyberian] 31/10/2019 23:44

Walsh has given notice that he WILL retire in 2 years time at the age of 60 years...that is gospel. So a replacement has plenty of time to be found and this challenge may not be that easy...despite some who dislike Walsh (there are quite a few sadly)has in my opinion been a strong asset. I doubt this news will have any impact on the share price over the near term, which looks reasonably positive. Well done to those who held on!