International Consolidat... Share Discussion Threads

[toon1966] 13/3/2020 16:33

Yep, Italy still waiting on the EU to come to their aid...

[milliecusto] 13/3/2020 16:31

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

[m1k3y1] 13/3/2020 16:22

ham......there really needs to be a centrally co-ordinated approach to all countries dealing with this problem. I don't understand this piecemeal approach with different countries adopting different tactics.

[hamhamham1] 13/3/2020 16:16

Current status of EU countries, ignoring the rest of the world and any future developments:

[dround87] 13/3/2020 15:40

God I hope so! Terrible decision yesterday. Tbh I thought dead cat was out the window off that and we were into capitulation. Creeping closer to my line.

[dround87] 13/3/2020 15:39

Who cares? Some people have opinions.

[hamhamham1] 13/3/2020 15:39

What the odds that the Dow finished in the red?

[m1k3y1] 13/3/2020 15:38

waikenchan.......what do you mean 'we'....you aren't invested in IAG.
Oh and if you don't think it is a strong company , then you aren't going to invest any time soon, I would guess.

[waikenchan] 13/3/2020 15:34

Im just wondering how this a "strong airline", just wondering I am missing something - granted we aren't in the same position as Norwegian.?

[m1k3y1] 13/3/2020 15:34

dround....what is the point ?

[m1k3y1] 13/3/2020 15:29

waikenchan.....why post if you are not invested ?
What is the point.

[waikenchan] 13/3/2020 15:26

I'm not convinced ebita is a good measure of earnings. At the end of the day what is important is cash / or equivalents - this will be a liquidity issue in the short term.

[dround87] 13/3/2020 15:23

Edinburgh Airport has warned that it is potentially facing the scenario of receiving no passengers in the next three months because of coronavirus.In a statement released on Friday, a spokesman for the airport said: "We are facing an unprecedented situation, looking at the potential of three months of zero or close to zero passenger demand."We have spent the last few weeks looking at how we deal with the immediate and longer term effects and unfortunately that means taking some extremely tough decisions as the industry continues to react."More than 100 jobs at the Scottish airport are said to be at risk.

[dround87] 13/3/2020 15:18

The fact is everyone knows it's a temporal issue. But you may well get it. Hope so! Powder ready.

[m1k3y1] 13/3/2020 15:17

Ok, well see you in a few months when you are invested then.

I was referring to the EBITDA figures for a 3 month closure.
AA and IAG two completely different companies.

[waikenchan] 13/3/2020 15:15

No, I assume you mean the estimates for 2020 - there is no way you can maintain those estimates.

Still overvalued for me.


I am not invested, but there is just no enough margin of safety just now! Will be looking to get in with a p/b ratio of around <0.8 (currently 1.09), ie at least a 20% drop.

[dround87] 13/3/2020 15:12

Well well mystic meg. That was a miss!

[waikenchan] 13/3/2020 15:03

Gearing IAG is 69%, according to advfn. As a comparison, American airline's gearing is 40% and there are rumours of them filing for bankruptcy again!

Dividend the next thing for the chop - all about cash preservation now.

[m1k3y1] 13/3/2020 15:01

I doubt it......he will be focussed on maximising profits for the airline.

[hamhamham1] 13/3/2020 14:58

The doom monger is Alex Cruz