International Consolidat... Share Discussion Threads

[montyhedge] 14/9/2018 14:21

ned
Agree after the buybacks have finished approx 14 days and over 700p, I will short it bigtime.

[nedhammers1] 14/9/2018 13:52

Hope so Monty then maybe short it?

[montyhedge] 14/9/2018 08:39

Yes looks like it, the power of buybacks in a low volume market.Forget the potential lawsuit, fine and hacking compensation, seems it does not matter. About 14 days to go of buybacks, if they can get it back over 700p, job done.

[nedhammers1] 13/9/2018 20:38

Hopefully the buyback at present will see 700

[montyhedge] 13/9/2018 18:32

1.1m bought back the grand finale, lol 14 days to go ?

[m1k3y1] 13/9/2018 18:31

Sub 2B now ! with more to come, excellent .

[m1k3y1] 13/9/2018 18:31

IAG RNS
Transaction in Own Shares

International Consolidated Airlines Group, S.A. (the "Company") announces that on 13 September 2018 it purchased 1,091,596 ordinary shares of €0.50 each in the capital of the Company as follows, all of which will be held in treasury until cancelled.
Number of shares purchased
Trading venue LSE 819,000
Bolsa de Madrid 272,596

The purchase was made pursuant to the buy-back programme announced on 9 May 2018.

Following the purchase, the Company holds 59,071,756 treasury shares and the Company's issued share capital (excluding shares held as treasury shares) consists of 1,998,917,538 shares.

[nedhammers1] 13/9/2018 18:08

Actually over 1 million!

[montyhedge] 13/9/2018 16:48

Rns tonight I reckon 950,000. Let see.

[neilrich] 13/9/2018 16:17

Monty, with regards to the buyback, they're restricted to maximum 25% of the daily volume, therefore it won't be 900,000 of 2,850,000.

[montyhedge] 13/9/2018 15:55

Still low volume 2,850,000 traded so far, probably 900,000 of that buybacks.
Bears don’t fight the buybacks about 14 days to go of this support from the company.

[neilrich] 13/9/2018 12:42

Excellent news, certainly removes uncertainty/concerns with regards to any legacy issue involving pension liability.

[m1k3y1] 13/9/2018 08:30

British Airways pension scheme takes flight with £4bn L&G deal
hxxps://news.sky.com/story/british-airways-pension-scheme-takes-flight-with-4bn-lg-deal-11496158

[montyhedge] 13/9/2018 08:08

Good post, it's seems to me, 57,980,000 bought back, I reckon another 15 days left at current rate, roughly.But of course it not that so much, it's the potential massive lawsuit, GDRP possible fine, oil back to 80 dollars. Bears sharpening their claws, bulls sharpening their horns, that makes a market.

[m1k3y1] 12/9/2018 22:05

Thank you elmo, makes sense to me which is why I am long on IAG.
I see good buying opportunities at this level also.

The more shares they buy, the better .
Looking forward to sub 2B

[elmo1971] 12/9/2018 21:54

Change the record. Buybacks will continue for many weeks yet and in all likelihood well into October. They have bought 50m to date and if you use £7 as purchase price they have 50m x £7 = £350m spent = €400m so £90m left to buy at £7 = 13m
This is an extremely conservative figure as the vast majority of shares were bought at prices well below £7.
So we will be sub 2bn shares in issue by tomorrow evening. Last years EPS was €1.06 per share and earnings for the 6 months of this year are 17% ahead of last year.
2.088bn shares use for EPS calculation last year and €2.2bn Profit After Tax
If we take the €2.2bn and divide by 1.985 Bn shares after buyback completed you get €1.11 EPS and this assumes no additional profit. Let’s assume extra €300m or so of profit goes in fines and compo.
€1.11 EPS and give a PE of 10 (remember all our peer group are on a PE of 12) would result in a share price of €11.10
Citigroup have a €9.07 target which would give a PE of 8
Very soon the Bulls will sharpen their horns.
Short term this may go down a bit but long term it’s a very compelling investment.

[montyhedge] 12/9/2018 21:00

Very soon buybacks will soon finished and the bears will sharpen their claws.

[m1k3y1] 12/9/2018 18:19

IAG RNS
Transaction in Own Shares

International Consolidated Airlines Group, S.A. (the "Company") announces that on 12 September 2018 it purchased 992,809 ordinary shares of €0.50 each in the capital of the Company as follows, all of which will be held in treasury until cancelled.

Number of shares purchased
LSE 675,438
Bolsa de Madrid 317,371

The purchase was made pursuant to the buy-back programme announced on 9 May 2018.

Following the purchase, the Company holds 57,980,160 treasury shares and the Company's issued share capital (excluding shares held as treasury shares) consists of 2,000,009,134 shares.

[montyhedge] 12/9/2018 14:31

I'm sure with the hacking, compensation, etc. The bears just waiting for the day they announce buybacks finished. Take today, very low volume, IAG probable buying in small amounts on the machine all day from 8.01 to 4.29, rather the one big order. So supporting the price in a very low volume day, fair play to them.

Bears don't want to fight buybacks when that makes up a large part of the total volume.

[montyhedge] 12/9/2018 08:48

Stepping up the buybacks it seems, the grand finale before they finish. Must be nearing the end, 6.7m pounds a day.Been buying for months.

[nedhammers1] 11/9/2018 21:47

And yet easyJet was down more than Ryanair today, go figure .....we will be up by over 9pts tomora ;-)

[m1k3y1] 11/9/2018 20:38

Telegraph
Ryanair grounds one in three German flights after 'surprise' pilot strike

[nedhammers1] 11/9/2018 20:13

Agreed Neil, but there will be more publicity when they report back on the findings, however if BA are not too culpurable, then it could push the price up so maybe not all bad news ...

[neilrich] 11/9/2018 20:00

Reputational damage....you hear the same said about Ryanair, however people soon forget, or they don't care....what they do care about is price.

[nedhammers1] 11/9/2018 18:56

Monty my son, let's be honest BA has never been a press favourite and really..... I do think there might be some reputational damage, I think it all depends on the findings, I must admit it's not ideal though