International Consolidat... Share Discussion Threads

[smithys2019] 21/4/2020 09:45

Now is the time to get in Imho. The world is standing on a precipice and there is no choice other than to do away with restrictions and let it spread. Oil futures are negative. The U.K. and other leading economies are losing billions each a day in lost economic production. The virus has emerged as something of a wet f@rt, only killing a few hundred thousand globally with hundreds of millions infected.

U.K. press, as other national news outlets are slowly turning against the economy destroying lockdown, with partial and complete reversals in lockdown proposed.

Expect to see news articles of the global impact to the third world soon. World food programme has signalled they reckon 100000 dying a day now of malnutrition and hunger. The cure has got far worse than the virus.

[hamhamham1] 21/4/2020 09:42

A mate just flew back from New Zealand 2 days ago and all on the Air New Zealand flight had masks on.

[hamhamham1] 21/4/2020 09:41

Once there are enough masks in circulation, everywhere on public transport will require masks to be worn, buses, trains, taxis, planes

[montyhedge] 21/4/2020 09:35

They will survive, but I reckon hardly any passengers until a vaccine 12 months time if we are lucky.

[qantas] 21/4/2020 09:33

Please do your own research as always.

[andyj] 21/4/2020 09:27

Because ultimately it will be a much stronger position than most rivals.

[montyhedge] 21/4/2020 09:27

Thing is no one will get back on a plane until a vaccine available, we all know planes are spreaders of flu, colds, etc.Well I won't and I fly a lot.

[montyhedge] 21/4/2020 09:03

Didn't Branson once sue the NHS over a loss of contract.

[m1k3y1] 21/4/2020 09:02

So, he wants UK GOV to value his island in excess of 500m LOLOL
Why doesn't he just put it up for sale.
All he ever does is use other peoples money to support his failing projects.

FLYBE is a prime example sadly.

[montyhedge] 21/4/2020 08:57

How is IAG not 165p in this crisis.

[qantas] 21/4/2020 08:55

Sir Richard Branson has offered to put Caribbean retreat Necker Island up as collateral in return for a taxpayer-backed bailout of his airline group. The billionaire issued an impassioned plea for governments to save his business empire after admitting he has no "cash in the bank". In a wide-ranging letter, the Virgin Group founder hit back at criticism for suing the NHS and claims he moved overseas for tax purposes. - Telegraph

Please do your own research as always.

[m1k3y1] 21/4/2020 08:46

I agree, he should support his own businesses using his own assets.
I don't think virgin should receive UK GOV support, as long as he is a tax exile.

[gooner1886] 21/4/2020 07:47

Branson once said british airways shouldnt be bailed out, hes a vile man anyay

[sr2day] 21/4/2020 07:45

Branson should be told to lump it.

[qantas] 21/4/2020 07:34

Please do your own research as always

[careful] 21/4/2020 07:03

It will be a scandal if the tax payer rescues tax exile Bransons Virgin Airline which he own a chunk of.

he sucks the cash out of these companies and then expects the taxpayer to bale them out, leaving his stake in tact hoping for better times.

[demo trader] 21/4/2020 06:41

G.M.

Virgin Australia collapses

[waikenchan] 20/4/2020 20:35

Going to a dire earnings season for all airlines, delta announced a 2.1bn loss and that's for quarter one.

Airline debt is going to through the roof, as if it wasn't bad enough already.

Sign of things to come...

[careful] 20/4/2020 20:33

Speculators killing oil.
New rules must stop this farce.

Anyone buying oil must take delivery of the actual commodity in future.
-$35 per barrel.
crazy

Anyone opening a position should be made to keep it open for minimum 4 weeks.
Ban shorting.
A transaction tax to kill high frequency trading.

[loganair] 20/4/2020 20:27

Cash-starved Virgin Australia is expected to make the announcement to the ASX Tuesday morning, after management, including CEO Paul Scurrah, failed to convince the Federal Government to step in with a $1.4 billion bailout.

It is understood Virgin Australia's board met on Monday night to decide the company's future, including the possibility of going into voluntary administration.

Virgin Australia is majority foreign-owned by Etihad Airways (20.94 per cent stake), Singapore Airlines (20.09 per cent), Nanshan Group (19.98 per cent), HNA Group (19.82 per cent) and Richard Branson's Virgin Group (10.42 per cent), but none of these shareholders have stepped in to help.

Until coronavirus grounded all but one of its planes, Virgin Australia had a fleet of about 130 aircraft flying to 41 destinations around the world.

Critics against a bailout have repeatedly argued that it is not the role of the Federal Government to give handouts to badly managed airlines.

Over the past decade, Virgin Australia made a full-year profit just twice.

[m1k3y1] 20/4/2020 20:11

Pezza.....I have experienced the same thing. It is a known scam.

[nw99] 20/4/2020 19:53

Are IAG unhedged

[hamhamham1] 20/4/2020 19:52

I just hope any spread betters had guaranteed stops!!