International Consolidat... Share Discussion Threads

[dtaliadoros] 15/4/2020 14:55

Opps....slight misshap with one of its only airbuses still in service. Ground collision with eithiad.

[m1k3y1] 15/4/2020 14:44

coxy.......ask Walsh.

[coxypete] 15/4/2020 14:33

Personally was in twice at 200 and 220 in March - but your call. Risk on this one (like all) is length of groundings - which would appear to be lengthening - only need to see how IATA keeps refreshing their updates - so expect this could go sub-200 again.

[nw99] 15/4/2020 14:26

Around 200 is a as buy

[coxypete] 15/4/2020 14:25

Silks point about liquidity is that some is ringfenced to the Groups aircraft orderbook - for instance BA took delivery on 27 Feb of a new A320neo from Airbus and has pending orders across it brands - which is normal as it swaps out ageing planes. Question is can it defer or swap out deliveries or how liquid or what's the appetite right now from Lessors for sale and leasebacksetc.

[albert3591] 15/4/2020 14:01

Are holders beginning to realise air travel is stuffed for the foreseeable future,I will hold fire for now,but when will we know when to buy.

[m1k3y1] 15/4/2020 10:42

Silk....filtered....pointless poster.

[hamhamham1] 15/4/2020 10:26

Judging by supermarkets and how people are acting. The new norm, for a while, can't see people taking a pint glass from a barman in a pub or sitting surrounded by other people in a cinema for a while after lifting restrictions. People's habits are changing, will take a while to re-programmme back to norms.

[montyhedge] 15/4/2020 10:18

Confidence gone in flying, planes are spreaders of flu. It will return but not for months.

[silkstag] 15/4/2020 10:05

"Much economic damage has already been done, with the International Monetary Fund predicting the world this year would suffer its steepest downturn since the Great Depression of the 1930s ..." A.n.other analyst this mirning.

Shareholders of companies exposed to changed customer behaviour on discretionary spend are sleep-walking into a price crash in May with Q1 numbers.

Who is more at risk than an international airline group with hubs in London and Madrid, relying on US-Europe business traffic, that twice imprisons 250 coughing strangers in a tin can for 4 hours, with €13bn obligations to buy 79 new tin can jails none of which are needed?

Wakey wakey selly welly savey wavey whats left of your cashey washey.
All imho. DYOR

[hamhamham1] 15/4/2020 09:36

I guess markets had come up a lot over the past few weeks.
Next phase will be interesting.

[albert3591] 15/4/2020 09:06

Can’t see £2.00 being bottom.

[m1k3y1] 15/4/2020 09:06

Silk....more rumour and speculation.......and still no answers to the questions I have asked you .

Most airlines are not refunding tickets but offering vouchers and re-booking options.

The 'loan facilities' you mention are just that 'facilities.
Now if you have evidence to show that IAG are lying to investors about their liquidity, please send it to both the FCA and IAG.
When you have received confirmation that you are correct ( if you are) , we will all look forward to seeing the Public apology and retraction that you will no doubt ask IAG and WW to provide.

In the interim, how about answering my questions .

[silkstag] 15/4/2020 08:54

people asserting €9.3bn liquidity have apparently been misled. that figure includes committed future loan facilities to buy new planes, but they forget to deduct the payments to the builders of those planes. so those facilities are not liquidity to cover trading losses. Careful with how you read RNSs. Things getting a bit desperate and a tad unsavoury at IAG HQ. BA removed cash refunds on cancelled flights from website even though EU rules demand refunds within 7 days. Brand suicide. Now unsafe to book with BA. If they cancel they will fight not to give your cash back.
SELL before Q1 horror results on 7 May. All imho. DYOR

[younasm] 15/4/2020 08:51

Phew !! Closed short positions (225p) opened by mistake last week - small profit, but it's a tidy up of my positions.

[davethehorse] 15/4/2020 08:39

Back to 200p imo

[coxypete] 14/4/2020 22:52

€9.3bn of liquidity, c. 36% of FY19 revenues, therefore should be ok as long as severe groundings don't push through to 3Q. Assume 1Q was impacted but not fully, while 2Q is a right off. Big worry is the pace at which bookings pick up later in the year, load factors will remain subdued and business travel will likely be restrict beyond any lightening of restrictions. Plus have the deferred passengers to accommodate.

[m1k3y1] 14/4/2020 22:16

Norwegian Air Stock Plunges Over Fears Rescue Plan Will Destroy Shareholder Value


quote "if the worst happened, then Daniel Röska, analyst at Bernstein, predicts the demise of Norwegian would benefit British Airways owner IAG the most, as the two overlap"

[m1k3y1] 14/4/2020 21:07

Silk .......plane purchase facilities ????? ....a facility isn't a commitment to buy.

Still waiting for you to answer my questions.

[nw99] 14/4/2020 20:51

What's the costs per day for parking their planes

[silkstag] 14/4/2020 20:46

£9.3bm 'liquidity' includes plane purchase facilities. The cash out to buy those planes is a (very unwanted) deduction. The credit facility it includes, if debt covenants are not breached, runs to June 2021. I agree that is armageddon refinancing date valuing shares at 10p by July 2021. All imho, DYOR

[m1k3y1] 14/4/2020 20:44

Smithy........Interesting........let's see what happens.
They should have taken Walsh's 1B...

[smithys2019] 14/4/2020 20:34

Norwegian have told their U.K. AOC pilots they “are not in a position to fund the April Payroll”, and OSM have no money for redundancy.

[m1k3y1] 14/4/2020 20:03

Silk......check the IAG RNS , it states 9.3B in liquidity.



Still waiting for you to answer my questions.

[watfordhornet] 14/4/2020 19:45

Silk - does not look good. Are you selling your shares as presume you have some given you are on here?