International Consolidat... Share Discussion Threads

[hamhamham1] 16/3/2020 08:53

Oh here we go. NY Boy in the house. Show us your palms with all those falling knives your catching.
Professionals are selling I presume as this level of movement isnt down to just a few private investors selling. And if you were a professional you wouldn't bother posting on this board.
PS. I am not advocating selling, especially if I had a loss, but I am not looking to buy in this crazy market, it's a pure gamble.

[loganair] 16/3/2020 08:49

The Government said it would discuss how to protect the industry from the coronavirus pandemic after easyJet joined Virgin Atlantic in calling for government help as people across the world stop traveling.

[ny boy] 16/3/2020 08:49

Pros start buying these panic sell offs

[amaretto1] 16/3/2020 08:41

So what u saying ?

[dround87] 16/3/2020 08:37

Waiting for profit. Swapped into suk2. Over 10pc up on that cash from last round of investing more than restored. I'll be swapping back to XUKS and buying a few shares across my portfolio with the surplus soon. Might be hard for some people to understand that over the course of this crisis I've lost precisely nothing! Yet I've gained a portfolio of cheap shares and continue to buy.

[loganair] 16/3/2020 08:36

IAG the owner of British Airways, said it would cut its flying capacity by at least 75% in April and May and its outgoing boss Willie Walsh would defer his retirement.

[smithys2019] 16/3/2020 08:34

Holding? I’m buying in once the bid ask sorts itself out.

Mark to market values this at 700p based on assets and cash. P/E below 4 for a blue chip.

A company with 9.4 billion in liquidity who has stated “state aid? Thanks but no Thanks”.

[smithys2019] 16/3/2020 08:32

Bid ask spread 55p. Market is f@cked.

[dround87] 16/3/2020 08:29

Testing 5000 now

[davethehorse] 16/3/2020 08:29

Anyone still holding??

[loganair] 16/3/2020 08:20

Most European airlines now saying they'll go bust by May unless they get government help and support.

[loganair] 16/3/2020 08:10

easyJet say European aviation "depends significantly" on government backing to survive COVID-19.

Johan Lundgren, easyJet CEO, said: “At easyJet we are doing everything in our power to rise to the challenges of the coronavirus so that we can continue to provide the benefits that aviation brings to people, the economy and business.

“We continue to operate rescue and repatriation flights to get people home where we can, so they can be with family and friends in these difficult times.

“European aviation faces a precarious future and it is clear that coordinated government backing will be required to ensure the industry survives and is able to continue to operate when the crisis is over.”

The company’s statement added: “There is no guarantee that the European airlines, along with all the benefits it brings for people, the economy and business, will survive what could be a long-term travel freeze and the risks of a slow recovery.

“Whether it does or not will depend significantly on European airlines maintaining access to liquidity, including that enabled by governments across Europe.

[milliecusto] 16/3/2020 08:10

Who's buying lol

[amaretto1] 16/3/2020 08:00

Need to freeze the world for 3 months !

[snoopy12] 16/3/2020 07:58

Banks will be patient. Otherwise it will be another bailout for them. I am sure the banks will start feeling the liquidity squeeze at some point.

[amaretto1] 16/3/2020 07:55

EZJ is one of the strong onesAnd will survive along with BACheers for that.

[hamhamham1] 16/3/2020 07:55

Statements like that from IAG about their huge liquidity could put them to the back of the queue in any gov hand outs. Pride is a terrible thing.

[smithys2019] 16/3/2020 07:53

9.4 billion liquidity, cash in bank.
Where does that put the share price if we mark to market?

[waikenchan] 16/3/2020 07:44

Iag's cash reserves will be dwindling fast by the sounds of it.

[smithys2019] 16/3/2020 07:42

Amaretto, parking fees, maintainable (aircraft need recurrent servicing every few days). Any staff that are not furloughed. Bond/loan payments.

Airlines can save I reckon 80% of their operating costs with a furlough and the simple fact that they are not using fuel. Typical costs are 40% fuel, 40% wages, remaining 20% aircraft lease (dry lease often is charged per hour usage for the majors so mare savings here.

Biggest issue for many will be cash flow
And the impact on bottom line once cancelled flights are repaid to customers. That will imho the biggest shock and once those payments are made, those left standing should have been able to reduce outgoings to put themselves on a war footing.