International Consolidat... Share Discussion Threads

[ny boy] 03/3/2020 10:23

500p + soon, Corona bolona rear view mirror, cases dropping in China, Italy starting to contain, rest of the other Countries can deal with it, apart from Iran, pizza poor at dealing with anything.

[ny boy] 03/3/2020 09:58

Investors are already pricing in Corona, which is entering the end game, we won’t be talking about it in a few months, just a temporary supply shock to global systems, normal service will resume in a few months.

Very happy mr market gave many of us an opportunity to buy 415/418 area, bit of a gift imo

[hamhamham1] 03/3/2020 09:57

Gaffer, true but I'm sure that's what Italy and Korea said about China until it happened to them, anyway let's see how it pans out.

[montyhedge] 03/3/2020 09:55

Way I see it if Coronavirus carries onI see 2014 low of 315p. Of course bounce today, is it bear closing or genuine buying, tomorrow will tell us. Potential for some profit warnings down the line, but only if Coronavirus continues.

[molecatcher2] 03/3/2020 09:24

I was on a very crowded BA flight from Sao Paulo yesterday, arriving at a very busy Heathrow. There were less people wearing face masks at Heathrow than when we left over a fortnight ago, which I found strange given the media hysteria. This might fall again short term [did I mention Short..]but looks very good long term for the reasons set out in previous postings.

I thought I would add to the random number game this morning but it looks like it's stopped, at least for now. However, in case it returns, we're just through 456, so how about 567 next, looking for 678. Great game and totally pointless ;>]

[gaffer73] 03/3/2020 09:20

Who cares about infection rates in Korea, this is Britain.

[grahamnash] 03/3/2020 09:14

Short term who knows how much more damage will be done to sp? Long term, holidays are near the top of the list for many people (just listen to what game show winners say they will do with their winnings!). Possible problem is that more businesses may get into habit of streaming meetings and reduce travel. But in my book IAG is a great hold for couple of years at this price.

[1 nhs] 03/3/2020 08:53

WAKE UP THIS IS AN EMERGENCY

Confirmed COVID-19 Infections in S. Korea Tops 5,000

Write: 2020-03-03 17:23:02/ Update: 2020-03-03 17:25:28


SO ON A PRO RATA BASIS SOUTH KOREA NOW HAS MORE INFECTIONS THAN CHINA


ITS FAR FAR WORSE THAN THAT # , BECAUSE THE INFECTIONS IN SOUTH KOREA ARE RUNNING 6 - 8 WEEKS BEHIND CHINA.

I PREDICT THAT SOUTH KOREA WILL OVERTAKE CHINA WITHIN TWO WEEKS, POSSIBLY DAYS.

THE ABOVE PROVES CHINA NUMBERS CAN NOT BE TRUSTED.

[spacedust] 03/3/2020 08:35

Short closed at 447p. Brilliant ride from 650p

[ny boy] 03/3/2020 08:28

Onwards & upwards, looking forward to Qatar increasing after recent weakness

[milliecusto] 03/3/2020 07:51

Dow futures turn negative, awaits G7 outcome

[hamhamham1] 03/3/2020 07:48

What will weigh on all markets is the strain on services, see below text fromThe Guardian regarding the stats on a western country (where we can rely on the stats unlike China), ie Italy, see the percentages that get hospitalised, require ICU and also those who had no need for any services. This is the moany point I have been making. Its not an encouragement to buy or sell shares, just adding factual info relevant to the world markets.

"The death toll from Italy’s coronavirus outbreak has risen to 52, an increase of 18 since Sunday, as the number of confirmed cases in Europe’s worst-hit country rose to 1,835.

The civil protection agency said 149 people had recovered from the virus, up by 66 since Sunday. The authorities said 742 people had been admitted to hospital, with 166 in intensive care. The vast majority of those infected had shown few or no symptoms and were recovering at home"



So of those who known got coronavirus, roughly 40% get hospitalised and 10% need ICU.

[jailbird] 03/3/2020 06:57

I agree Smithy You make a good point and I think that is a clever strategy by the BoDThis is a good idea in short term and hopefully will be enough . If it spreads in the US , then I guess BA could cut more and consolidate further I guess the market is and will look forward to impact on revenues etc for next quarter and next year .Even so the Co will do ok but revenues will be less for so . This why we will not see the highs anytime soon

[smithys2019] 03/3/2020 02:00

“ Iag have cancelled 171 short haul flights and cancelled 12 flights a week to New York till end of March.”

You do realise the current schedule has BA doing 9 flights to JFK..... a day, right?


There was always going to be a drop in demand. By consolidating flights, a significant sum can be saved in fuel, operating costs, allowances, atc fees... not to mention the remaining flights are using oil that is now priced in at less than 44 usd a barrel...

[1 nhs] 03/3/2020 01:44

OECD

LOWERS WORLD GROWTH RATE AGAIN .

Even in the best-case scenario of limited outbreaks in countries outside China, a sharp slowdown in world growth is expected in the first half of 2020 as supply chains and commodities are hit, tourism drops and confidence falters. Global economic growth is seen falling to 2.4% for the whole year, compared to an already weak 2.9 % in 2019. It is then expected to rise to a modest 3.3% in 2021. !!

Growth prospects for China have been revised down sharply to below 5% this year after 6.1%.


/////////////////////////////////////////////////////////////////////////////////


MORE RUBBISH FROM A BUNCH OF LOONS

THE LAST DOWNGRADE WAS JUST A FEW SHORT WEEKS AGO (3% to 2.9)

THIS ONE IS DOWN TO 2.4% GROWTH .


NOT A CHANCE IN HELL, LOOK FOR A DEPRESSION, OF THE SIZE, NOT SEEN FOR OVER 100 YEARS.

[jailbird] 02/3/2020 23:06

One more thing, but I do not know or can call the bottom yet, just to risky to say.

[jailbird] 02/3/2020 23:04

I am still a bear on this as the US flights could still be suspended for much longer should the virus outbreak begin to spread further It is BA's biggest market , and BA are the biggest Co within IAG group of airlines

[jailbird] 02/3/2020 22:57

Yes the US has bounced well, but you will notice travel stocks have fallen .Markets will be volatile for awhile linger .I cN see why a coordinated global monetary policy is needed to stabilise the financial markets and businesses , however it does fix the virus spreading Motley fool have a contrary view to the bears on on IAG Airline stocks have been among the worst affected. Shares in IAG – the owner of British Airways – have fallen by around 26% in the last two weeks. The group is now valued at just three times 2018's earnings. Its valuation effectively implies that IAG will be unprofitable for multiple years. Reaching that conclusion, on what we have seen from the coronavirus so far, is completely irrational, in my opinion.

[ny boy] 02/3/2020 21:57

Have you forgotten to buy IAG today..what you been doing all day man!

Monty see you at 500p, get on the right side of the trade, if you’re short, you might want to close, slightly burning smell

[knowing] 02/3/2020 21:54

Remember Broker notes not worth the paper they are written on LOL

[ny boy] 02/3/2020 21:43

I’ll take their revised 620p share price ...even though these broker recs are usually wildly inaccurate

[m1k3y1] 02/3/2020 21:41

from 700 to 620. Quite good in the circumstances.

IAG cancelling and merging some flights is minor in the scheme of things.
Only affecting flights from 16th March to 28th March

Smaller carriers won't have these options available to them.
I still believe that this could provide IAG with buying opportunities.