International Consolidat... Share Discussion Threads

[hamhamham1] 21/3/2020 12:13

I do not see the gov profiteering out of this situation. They may recoup some here but lose way more elsewhere.

[hamhamham1] 21/3/2020 12:09

I think the EU are likely to srcap the competition laws during these times.

[m1k3y1] 21/3/2020 12:08

Shameful to be honest, that UK GOV is seeking to take advantage of this situation by seeking to profit from it.

No doubt, some airlines will go bankrupt rather than sell to UK GOV.
Just shows me how appallingly bad BoJo and Sunak are with this.

[m1k3y1] 21/3/2020 12:06

The FT
UK government draws up plans to buy into airlines




I don't think there is any chance of WW accepting help from UK GOV if it means diluting the shareholding of IAG. In addition, it would surely go against EU competition laws for airlines.

I suspect he would sooner do a deal with Qatar for private funding.

[smithys2019] 21/3/2020 12:02

Willie has said no thanks apparently. I reckon he will get an APD alleviation out of this.

[essentialinvestor] 21/3/2020 11:29

Lead story on the FT site has news.

[smithys2019] 21/3/2020 11:25

I reckon BA and IAG will be doing contract freight work in the next month. China is going to go into overdrive producing medical supplies.

[hamhamham1] 21/3/2020 11:16

I guess the companies who are listed with key workers will at least be guaranteed a decent turnover as their products must be in the public interest / demand.

[smithys2019] 21/3/2020 11:07

The banks had zero collateral. VS, EasyJet and the other do. Landing slots are worth a fortune. Government needs to see them go to zero before any asset purchase agreement. More likely to be the BOE rather than government imho anyhow. What’s to say IAG won’t want to offer them a quid once this is over?

Willie hasn’t come back by the way to feather his retirement or out of altruism. He has come back to protect his significant wealth held in IAG shares. Not a chance in hell he will accept. VS, rumoured to be little other than a tax efficiency for the Virgin group may have a different view of it.

[hamhamham1] 21/3/2020 11:00

Smithy. I am not sure IAG would get money for not taking a bail out. I didnt see any compensation going to say HSBC in 2008 when Lloyds and RBS took money.
IAGs reward if they didn't take a bailout is that their share price isn't diluted.

[smithys2019] 21/3/2020 10:54

You are all assuming IAG will do a rights issue. IAG May very well turn around and say they don’t want one and instead want financial compensation for the bailout of failing competitors.

[boix] 21/3/2020 10:43

If its like the 2008 bank bailouts “Shares in the three banks receiving government help fell sharply on the stockmarket, despite most shares in London rising today.” - The Guardian 13Oct08
Not good news although better than losing everything.
Sure the stake will be at a discount to Friday’s closing share price - if this happens it needs to be quick.

[hamhamham1] 21/3/2020 10:35

This is what may happen, all countries in the world may agree to wipe off debt incurred say since jan 1st this year related to corona. Can't see any countries unhappy with that?
It's been done before kinda for 3rd world debt.

[boix] 21/3/2020 10:20

Effectively a Government underwritten rights issue?At what price?

[watfordhornet] 21/3/2020 10:08

Very true - would add teachers to that list(plus I am sure others) who will be looking after the kids of the key workers over coming weeks including Easter etc

[careful] 21/3/2020 10:02

Still staggered that so few people with decent jobs have no savings to draw upon.
The new definition of thrift is when they are not fully maxed out on their credit card.

[hamhamham1] 21/3/2020 09:58

Yep, to put things into perspective, the stock market will recover, some people won't, and the health services workers deserve a medal.

[careful] 21/3/2020 09:55

'never in the field of human conflict has so much been owed by so few to so many.'

winston, sort of.

[hamhamham1] 21/3/2020 09:47

Need the US to get their act together over the weekend if you want a good opening on Monday.
Trump was, well, very Trump in that Friday briefing. :(

[aimtrader2] 21/3/2020 09:45

Good news they will inject money to rescue us should fly on mondayhttps://amp.ft.com/content/1a52f686-6b00-11ea-800d-da70cff6e4d3?__twitter_impression=true

[hamhamham1] 21/3/2020 09:40

Boring toilet paper facts!





I wonder if there are shortages in Holland, Norway, Denmark, etc?

[hamhamham1] 21/3/2020 08:02

In the past there was talk of the idea of a universal wage.
Now could be the time to switch to that for good?

[hamhamham1] 21/3/2020 07:30

The gov have now covered the employed with their 80% promise but the self-employed got nothing. This needs to be tackled.

[paa65] 20/3/2020 21:58

My daughter said something very insightful this evening.In the two world wars, we sacrificed the few, to preserve normal life for the many.Now we are sacrificing normal life for the many, to preserve the few.

[jailbird] 20/3/2020 21:56

USA cases just imploded in USA today A country so used to over consumerism ..you can see panic buying has started there now Old saying "When America Sneezes, the World Catches Cold" What happens to the world when America has Coronavirus ?