International Consolidat... Share Discussion Threads

[philmac56] 02/8/2024 13:11

They paid a fair bit off the debt.
They may have dangled a carrot with regards to the return of divi to attract investors (divi % can increase).
There income could also target a chunk of buyback (no for the board members) but to be written off.

See what develops.

Fingers crossed

Gla

[m1k3y1] 02/8/2024 12:44

I agree. IAG's debt target is 1x8 and gthey are currently at 1 x 1, so they are actually happy to see their debt higher !
Bizarre.
Having spent 150m on a failed Europa bid , I agree chief they should be concentrating on biuybacks and further debt reduction.

[chiefbrody] 02/8/2024 12:21

Share price gone nowhere in 3 years. Shows what a nightmare it is for the airlines (attracting investors). Even in good times. Small div and even smaller once taxed. Rather they use the cash to clear down debt or buy back the billions of extra shares they had to issue back in the end of the world days. PE is cheap so defo a case for a buyback. Might get to 200p if the markets continue to rally but fail to see how they can go much higher. Too many potential negatives for airlines now. Be better off going private. Target 3 squid by 2034.

[ttny2004] 02/8/2024 11:24

BA owner IAG restores dividend for first time since pandemic after beating forecastshttps://www.ft.com/content/07679a1d-8119-4ffb-9d61-77ee09558b38

[philmac56] 02/8/2024 11:00

Close to my B/E @ 173, happy days soon.

Gla

[1spitfire] 02/8/2024 10:21

Good results if not outstanding but this covid recovery stock still v nicely on track. M Stanley who is my preferred choice for forecasts still has over 215 and with the business now at full capacity plus new club suite roll out nearly complete its all looking v good. Feedback on the club suite is excellent and been fortunate to experience it few times. Really is a big improvement. The fleet looking more and more modern by the monty and recent B787-10 fab inside. Happy days ahead . GLA

[cerrosdelaguila] 02/8/2024 09:10

Better day after the kicking I took yesterday

[hamhamham1] 02/8/2024 08:17

Bought in today at av of 163.x pence.
Nice ;)

[ttny2004] 02/8/2024 08:06

Adding more this morning on very encouraging results. Can see a steady rise over next 12 months moving to hopefully at least 250p.

[bargainsniper] 02/8/2024 07:48

This will be a nice recovery buy/hold over the coming months and now with income on top

[whatsup32] 02/8/2024 07:33

Well done to those that held the faith . On a day like this in a sea of red IAG stands out in blue and on results too.

[bargainsniper] 02/8/2024 07:21

BA owner IAG restores dividend for first time since pandemic after beating forecastsHttps://www.ft.com/content/07679a1d-8119-4ffb-9d61-77ee09558b38

[lufty] 02/8/2024 07:10

Air Europa was never going to get past the regulators so a complete waste of time, energy and money but this is out of the way now.The results were not quite as good as I had hoped for as I was looking for significant growth on last years figures in particular with the load factor.But all in all IAG is moving in the right direction and the dividend resumption reinforces this.

[baronstjohn15] 02/8/2024 06:37

Dividends are back

[m1k3y1] 02/8/2024 06:26

Agreed. A 50M loss on a wasted Europa deal leaving IAG holding 20% .
A complete waste of time , money, effort and energy.
Time for a new CEO.

[cyberian] 01/8/2024 22:41

Interim dividend cost is only £147 million, so plenty of scope for various options with projected full year earnings, including a more significant dividend, hopefully. The announcement made available at 4.54 pm today was obviously made not to compromise the normal declaration at 7.00am on Friday as markets were closed anyway. Interesting to see how we open tomorrow but I will certainly hold despite some potential huge swings as people come to term with such an excellent set of 1H news etc. RR were up nearly 12% on their declaration of re-introducing dividends, and earnings are currently close to those at IAG! Their P/E ratio is also about 16.50 whereas IAG is likely to end the year with a P/E ratio of just 3'ish if my guess is correct.

[hutchmeister] 01/8/2024 21:41

Net Debt reduced from 9,245 (end of 23) to 6,417. They are paying off debt. Profit for the 2ND QUARTER 1.24b with a market cap of 7.83b. Will be interesting to see market reaction tomorrow. GLA

[besty46] 01/8/2024 17:27

2019.

STRONG RESULTS

Unlike its rival European carriers, IAG reported stronger than expected second quarter results with an operating profit of 1.24 billion euros ($1.34 billion), compared to an analysts' consensus of 1.08 billion compiled in a company-led poll.

The second quarter has been rough for European airlines as they deal with a normalization of demand and spiralling costs. That comes after a years-long post-COVID rally for carriers as revenge travel boomed around the world.

[besty46] 01/8/2024 17:26

Theres ni pleasing dome folk. Look its a postive statement and tgd divu shows confidence looking ahead

[blackhorse23] 01/8/2024 17:25

Exactly, high debt , should pay back debt

[trying2trade] 01/8/2024 16:58

Also an horrific amount of time and resources poured into Europa. CEO should be walking

[trying2trade] 01/8/2024 16:57

Waste of time divi. Pay the debt down.

[blackhorse23] 01/8/2024 16:55

Very low dividend against share price , lowest yield

[action] 01/8/2024 16:55

Learning from petroc management to announce at odd time