International Consolidat... Share Discussion Threads

[m1k3y1] 13/3/2020 14:56

I see the doom mongers are back......didn't take long did it.

[cashandcard] 13/3/2020 14:53

chatter on some forums BA looking at layoffs, 20% reduction in flying program and grounding aircraft.

[sr2day] 13/3/2020 14:46

it will not be a dip but a capitulation.IAG to lose at least 25% in one session.

[waikenchan] 13/3/2020 14:45

I'm trying to work out why this is a strong airline based on fundamentals:

Cash 4billion + retained cash flow of 800 million
Current liabilities (within 1 year) 12billion
Revenues - probably going to crater for FY2020


How are they going to service their debt - I can't imagine institutions leading to a travel company at a reasonable interest rate? IAG is heading for a credit crunch at this rate.

[dround87] 13/3/2020 14:34

Oh yeah that's why I didn't buy any more this dip. Wait one more probably until covid in full flow here

[sr2day] 13/3/2020 14:30

capitulation still to happen.next week probably.dow below 20k.the market still has to reflect fully potential loss of revenue of the corporate sector.still expect to see IAG below 300p.

[cashandcard] 13/3/2020 14:30

From FT:

BA boss says airline faces fight for survival

The chief executive of British Airways has warned the airline industry is facing a “crisis of global proportions like no other”, adding that the carrier will have to make job cuts, suspend routes and ground aircraft because of the coronavirus pandemic....(subscription)

[dround87] 13/3/2020 14:18

Short ETFs open still. Different bag though. Plus you could be spread betting. Not exactly hard to be short. I'm long on IAG as part of a portfolio which is hedged for the time being with a FTSE ETF. Aiming to be neutral somewhere near the bottom and then I'll pump money in like there's no tommorow.

[dround87] 13/3/2020 14:14

3rd time so far you've told us the "big boys" have gotten out. 45 mins and we'll find out whether you're the oracle of delphie or just mystic meg.

[hamhamham1] 13/3/2020 14:09

Like I (..well Keynes) said, govs need to save all their money to help boost out of a recession, not pish it all up the wall trying to stop it happening in the first place. Cycles are unavoidable.

[spacedust] 13/3/2020 14:05

So our government wants is to catch this virus. So 40m will be infected and over half a million deaths in London likely.


Big boys out on that rally. Post 3pm below 300p as predicted long ago.

80p April 2020

[m1k3y1] 13/3/2020 13:52

sponges......old news. Severance has already been offered and agreed Employees leaving soon, with the historical payments BA have previously offered.

Of course, BA / IAG will see this as an opportunity to try and remove, more expensive employees from jobs.

[sponges] 13/3/2020 13:48

sky news saying iag (ba) are making redundancies and are talking to unions

[milliecusto] 13/3/2020 13:37

https://news.sky.com/story/coronavirus-more-serious-for-airline-industry-than-9-11-ba-boss-11957065

[loganair] 13/3/2020 13:05

Coronavirus cases rise by 1,209 over night in Spain, while the number of deaths are up by 36.


“The Foreign Office has advised against all but essential travel to the Spanish regions of Madrid, La Rioja and the municipalities of La Bastida, Vitoria and Miranda de Ebro.

[milliecusto] 13/3/2020 12:26

Breaking news on sky, parts of Spain on lockdown, advised not to travel

[hamhamham1] 13/3/2020 12:17

Well Dave you were getting a bit personal, nay childish.

[younasm] 13/3/2020 12:14

Opened short position to balance off too many long positions - need another 50-70p move in either direction to take profits.

[daveboy1] 13/3/2020 12:07

Never said I was long or short, sir. Your reaction is the indicator of how personally you take things. Your attendance here also shows your priorities. Merely observing, then pointing out, as you seem so good at doing ! Good afternoon.

[hamhamham1] 13/3/2020 11:59

Toon. I'll pay for your subscription if they freeze the league and West Ham stay up :)
But I think Sky have a clause on page 287 of the terms and conditions you agreed to which says you get nada.

[toon1966] 13/3/2020 11:58

Ham - do you think I’ll get a rebate on my Sky Sports subscription...?

[hamhamham1] 13/3/2020 11:30

Daveboy. Having a long position in a market heading for recession is not a badge of honour, and shorting shares isn't my bag, doesn't sit well with me.
You getting nice and personal now, don't take your bad investment decisions out on others who are just pointing out the bleeding obvious.
I am quite well loved, thanks, you'd like to think I wasn't, would make you happier?? Weird!