International Consolidat... Share Discussion Threads

[hamhamham1] 09/3/2020 12:30

Where was the share price in 2016? 2014? 2012?
As I said before, I wouldn't sell but I wouldn't necessarily buy at this point, who knows where the bottom is?

[wilc42] 09/3/2020 11:42

Me too. But drip feeding in.

[dround87] 09/3/2020 10:53

Interesting thanks

[toon1966] 09/3/2020 10:42

The transport secretary, Grant Shapps, has written to the EU commission calling for an end to “use-it-or-lose-it” rules, which he said could lead to some airlines running “ghost” services to ensure they do not have their flight slots taken from them.
The “80:20” rule – which means airlines must use 80% of their allocation – has already been eased on flights to and from Hong Kong and mainland China, and Shapps said such measures should be widened to cover other flights in and out of Europe.

[loganair] 09/3/2020 10:38

When it comes to Putin and the oil market I understand its got to do with 2 things?

1. Having a go at the Saudis' as Putin backs Iran and Syria while the Saudis' back the other side.

2. The Russian's protecting their European markets.
loganair


Being reported this morning that Russia are playing a solid game of chess and want to exert pain on the Saudis.

To put it another way this is Rosneft Vs Aramco.


Russia is in a far better position then the Saudis as they have a floating exchange rate whereas as the Saudis have a fixed exchange rate against the USD. Therefore in Rouble terms, which the Russian budget is in, oil has not fallen as far as it has in USD terms.

The Saudis are use to having it easy for many many years due to all their oil, whereas the Russians have only had it easy for the past 10 to 15 years and therefore Russia can afford to be difficult for much longer than the Saudis.

For at least 40 years the Saudi government has been paying off its citizens not to cause trouble, they can no longer afford to do so.

At $40 per bbl oil the Saudis will have a budget deficit of around 15% whereas the Russians will have a balanced budget or maybe even a small budget suprlus as they have a floating exchange rate which the Saudi do not have.

[montyhedge] 09/3/2020 10:32

No they won't, this is the chance to put US shale companies large debts due this summer out of business.

[dround87] 09/3/2020 10:26

Do you think? I reckon Russia will capitulate pretty fast.

[hamhamham1] 09/3/2020 10:23

there, their, they're ;)
Although I can't talk!

[montyhedge] 09/3/2020 10:21

There booking is down absolutely useless.

[smithys2019] 09/3/2020 10:10

Average price now 430p with another big chunk to throw in if there is another big dip. Bring it on.

[dround87] 09/3/2020 09:39

Lol. Best of luck with that!

[hamhamham1] 09/3/2020 09:33

One thing for sure, it backs up trumps argument that the supply chain for essentials should be local in country or spread across various countries, rather than mainly just in China.

[m1k3y1] 09/3/2020 09:27

If China is responsible for this chaos, due, we are told, to the conditions in a specific market and to their poor hygiene standards, should they be held financially responsible and accountable ?

[montyhedge] 09/3/2020 09:26

Trying to get through online about booking, I think they pulled the plug on their computer. Useless.

[dround87] 09/3/2020 09:06

Agreed to be fair. Didn't go in with suk2 8pc down.

[montyhedge] 09/3/2020 09:04

Looks like their system down this morning.

[m1k3y1] 09/3/2020 09:03

Oil down a 1/3rd according to sky news.

BA re booking passengers flying to Italy. They can go via Switzerland if needed.

[hamhamham1] 09/3/2020 08:56

Lufthansa have grounded all of A380 double decker buses, they are the worst thing to get in the air with low occupancy.

[loganair] 09/3/2020 08:53

BA planes to all parts of Italy now flying virtually empty, so why haven't they cancelled all flights to Italy?

Lufthansa seems to be way ahead of the game by cancelling so many of its flights last week.

[smithys2019] 09/3/2020 08:50

One bad apple doth not make a rotted tree. Where you off to?

[montyhedge] 09/3/2020 08:37

Could be right, but if planes half empty and cancellations does not matter, I flying BA tomorrow it be interesting to see how things are.

[applepieinthesky] 09/3/2020 08:36

Ouch factor

[carter633] 09/3/2020 08:36

They hedged at $65 because they're not anywhere near as good at Hedging as Willie Walsh and IAG - they'll be snapping up bargain hedging at $35 now to secure the next 2 yrs