International Consolidat... Share Discussion Threads

[bili1946] 22/1/2016 21:14

Hi prodman,Thanks for the info........I have not received mine as yet from TDW,will check with them next week.

[prodman] 22/1/2016 19:48

bili, not 100% sure, but I think it was paid around that same date, I know I received mine early December.

[bili1946] 22/1/2016 18:23

Anyone have an idea when the dividend will be paid? Ex div 7th December...

[alphorn] 13/1/2016 21:15

It may highlight the depreciation rates on any aircraft which were leased and off B/S.

We need to wait and see.

[alphahunter] 13/1/2016 17:20

Won't change the cash flow statement, won't change the covenants, won't change anything at all except for those would don't know the difference between capital and operating lease. Which may be a significant proportion of PIs.

[alphorn] 13/1/2016 10:21

Refer to Spob's post on Sainsburys today to read about the changes in lease accounting - could be significant for IAG.

[alphahunter] 07/1/2016 03:15

Better than expected yields from Delta yesterday - a big player on NA route to Europe.

[applepieinthesky] 05/1/2016 02:07

It use to be a good company BA now just corporate greed rules the airways

[alphahunter] 16/12/2015 13:31

Corporate yield AA going up. Should be good.

[sledin] 13/12/2015 17:57

Ex date was indeed the 7th Dec (as the IAG website states). The ex date doesn't follow the usual UK listing rules as IAG has it's main listing in Spain.
The payment date is not the 7th Dec, but FROM the 7th Dec. They did not provide a specific payment date (which imo is poor form from a FTSE 100 company).

[zyzzyva] 13/12/2015 17:08

Enami i believe ex div was 3rd Dec, as it is thursdays now, with record date on 4/12 and payment on 7/12. so the website must be wrong very unprofessional. but surely this is the fastest dividend payment on record?

hxxp://www.iagshares.com/phoenix.zhtml?c=240949&p=irol-dividends

[broadwood] 02/12/2015 16:49

- Clear skies lie ahead for the European Airlines sector going into the winter trading period, thanks to a favourable outlook for capacity growth and given the considerable fall in oil prices since August 2015, Nomura said.
The global macroeconomic outlook, notably in the core UK and US markets, is also "sufficiently robust to support a bullish sector outlook", the Japanese broker said in a research note sent to clients, "despite clear current political tensions in a number of territories that could hamper demand."

The industry expects capacity growth to pick up from the benign intra-European summer (+4%) to +6% in winter.

However, analyst James Hollins saw no signs material risk of accelerated capacity expansion or yield pressures from the low price of oil on the horizon.

"We believe that each company's management in our airlines universe has maintained solid levels of capacity discipline in recent history, and look for this to continue in order to support returns growth despite low current fuel pricing," the analyst said.

Since the last time he took a look at the sector, in August 2015, the forward curve for Brent had fallen by $5 per barrel, equivalent to $50 per metric tonne for jet fuel, through to 2022.

Hollins therefore decided to revisit his 2016-19 assumptions for the cost of jet fuel utilising a spot rate of $600MT, instead of $650MT - although dollar strength since capped the upside from lower fuel prices.

The analyst bumped up his target price for IAG to 800p from 750p - singling out as its top-pick - "following an underlying and Aer Lingus-related upward revision to estimates

[skinny] 02/12/2015 09:06

Nomura Buy 585.75 750.00 800.00 Retains

[enami] 22/11/2015 10:45

Zyzzyva - There is a withholding tax because the company is registered in Spain.
When you get your consolidated tax statement from your broker it will be shown on the “Overseas Income” section and should be entered on that section of your tax return to avoid double taxation.

Ex Div date 4 Dec, Pay date 7/12 according to ADVFN (maybe there is a mistake on th IAG website) maybe that’s the way the Spaniards do things

[zyzzyva] 09/11/2015 00:48

how can the payment date be on the ex-dividend date? and why is the ex-div date after the record date?

hxxp://www.iagshares.com/phoenix.zhtml?c=240949&p=irol-dividends

[zyzzyva] 09/11/2015 00:43

anyone understand the dividend ... why is there a withholding tax? when is the payment date ? what does "Payment date From 7 December 2015" mean?

[younasm] 02/11/2015 17:37

Barring any major hiccup, I am expecting the new trading range to be 550-650p for next 2-6 months.I will have to book options losses below 500 or above 700p :-)

[skinny] 02/11/2015 10:59

02 Nov 15 Barclays Capital Overweight 580.75 750.00 750.00 Reiterates

02 Nov 15 Beaufort Securities Buy 580.75 - - Upgrades

02 Nov 15 Deutsche Bank Buy 580.75 - 760.00 Reiterates

02 Nov 15 Jefferies International Buy 580.75 700.00 700.00 Reiterates

[broadwood] 02/11/2015 08:30

IAG delivered solid performance in the first nine months of 2015 with enhanced revenues and higher margins. The company reported a jump in the passenger unit revenue and increase in the seat factor. IAG’s results were well supported by the decreasing oil prices in the past few months. The company enjoys a healthy balance sheet with improved cash position. IAG’s improved margins facilitated the company’s first dividend payment to its shareholders. IAG plans to pay 25% of its underlying pre-tax profit in the form of dividends at the end of the year. Additionally, the acquisition of Aer Lingus Group has turned fruitful for IAG, as Aer contributed €45m to the operating profit since it joined IAG. Going forward, IAG plans to add 8 Airbus Group SE A350 long-range jets for Iberia to change older planes, and add five A330 wide bodies to increase the capacity of Spanish carrier. In view of the overall optimism surrounding IAG, we upgrade the rating to a Buy from Hold

[standish11] 30/10/2015 11:53

Non fuel unit costs up 5.6% in the quarter was higher than I expected and higher than previous quarter. Otherwise no surprises and positive outlook.

[bili1946] 30/10/2015 11:29

OK so dividend payable; strong quarter results and the shares down 4%......seems reasonable?
From my limited perspective I look forward to poor results and share rises as that what seems to happen to my stocks!!

[broadwood] 30/10/2015 10:17

- Profits soared at International Consolidated Airlines (IAG) in the third quarter thanks to rising revenues, the acquisition of Aer Lingus and cheap fuel.
The British Airways and Iberia owner, fresh from announcing its first ever dividend the day before, also nudged the joystick higher on its full year guidance to an operating profit between €2.25bn and €2.3bn, excluding Aer Lingus.

For the key three months to 30 September, IAG's operating profit before exceptional items of €1.25bn was a 39% increase on the same period last year, beating analyst forecasts and taking the nine-month total to €1.81bn, a 59% year-on-year gain.

Aer Lingus made an operating profit of €45m since it joined IAG on 18 August.

"While the airline's profitability is seasonal, Aer Lingus is cost-effective and provides a natural gateway to build our business between Europe and North America. It's a great asset for the group," said chief executive Willie Walsh.

Aer Lingus helped revenue per passenger unit for the quarter rise 6.5%, also helped by beneficial currency rates, being a 3.3% fall otherwise.

Fuel unit costs for the quarter fell 8.6%, or 19.7% at constant currency. Non-fuel unit costs increased 5.6% but if excluding Aer Lingus and at constant currency fell 3.5%.

"We're reporting strong quarter results with a positive contribution from all of our airlines," said Walsh.

"Our passenger unit revenue showed a better trend than in the second quarter of the year and our cost performance remained strong.

On Thursday he had announced IAG's first dividend, an interim payment of 10 euro cents per share.

"For the full year we expect to pay out 25% of our underlying profit after tax in dividends and plan to announce a proposal for a final dividend for 2015 when the full year results are published."

[hansrod] 30/10/2015 08:28

Good profits what's with the heavy drop?