International Consolidat... Share Discussion Threads

[m1k3y1] 22/6/2020 12:23

thanks Ham

[mr euro] 22/6/2020 10:19

Union noise and sector sentiment aside for one moment, BA are really not helping themselves.

2 months ago I had a number of flights open, I figured out how to get the full refund, all done. Now I am wanting to spend ~£15k on flights for August and September and its impossible to speak to anyone to do so.

If they wont even accept booking calls what does this tell us about the state of the business and how it's being run.

I am looking for an excuse to get back into BA but I cant find one at the moment.

[m1k3y1] 22/6/2020 09:31

Davidoff150....name calling ....really ?

[teamwork1] 22/6/2020 08:18

This will go up this week

[davethehorse] 22/6/2020 08:12

200p looms

[qantas] 22/6/2020 07:24

Dilution Https://www.thisismoney.co.uk/money/markets/article-8443303/BA-owner-IAG-ask-investors-1-5bn.htmlPlease do your own research as always

[senn1] 21/6/2020 15:57

If funding is needed and dine by Qataries or equity it might be higher than the present share price Eateries invested double tbis level

Would take away the uncertainty and so would double like Dart did imho

[m1k3y1] 21/6/2020 15:11

962.....personally I wouldn't be keen on a rights issue and don't think I would subscribe. Far better options elsewhere .

[962962] 21/6/2020 14:12

Jailbird.Good point,but remember a rights issue is only available to existing shareholders,and has to be fully taken up to acieve the objective.IF you a shareholder would you pump more in at this time ?

[loganair] 21/6/2020 14:09

Greybull Capital, the parent of collapsed airline Monarch, is involved in a possible rescue deal for Virgin Atlantic.

The investment firm is discussing a making a joint offer to the airline with US-based hedge fund Elliott, according to Sky News.

Quoting unnamed city sources, it said Elliott and Greybull were competing against other funds, thought to include Davidson Kempner Capital Management, to secure a deal.

Greybull and Elliott were previously joint investors in Comet, an electrical goods chain that failed almost 10 years ago.

Virgin Atlantic is looking to raise more than £500 million and has set the end of the month as a deadline for reaching an outline agreement.

It has been discussing a possible rescue package with the Government since the UK went into lockdown, forcing it to ground most of its fleet.

However, the Government has indicated that it isn't prepared to risk taxpayers' money on Virgin based on its current business plan.

[loganair] 21/6/2020 14:05

The owner of British Airways could be looking to raise up to £1.5billion of fresh cash, investors say.

International Consolidated Airlines Group (IAG) is expected to launch an emergency fundraising – possibly by tapping investors via a rights issue – over the next few weeks.

Talk of a potential capital raising follows reports IAG is working with heavyweight advisers from Goldman Sachs and Morgan Stanley on a plan to shore up its financial position.

[jailbird] 21/6/2020 14:04

One of the reasons being a listed Co is to raise cash when needed .BA raised cash via convertible bonds route before . With 2 bonds still to mature , maybe a rights issue is the only best option left now But they could go down the convertible bond route again if the interest is there

[962962] 21/6/2020 13:53

M1k.Like him or loath him,you have to admit Willie is a very astute buisnessman,may be the Irish in him,because O'leary falls into the same mould.Regarding your comments.it's the way you would look at any Quatari deal.Would it be a bailout,to me no,it would be a loan from a shareholding outside source.Virgin wanted a government bail out,something IAG have never asked for,OK along with other airlines they availed themselves to a 300m handout that was freely available to all.Virgin were told to find finance from other sources,before any kind of bailout would be considered.IAG have probably known all the way along that the Quatari assistance has always been there,if needed,but at this moment in time have not needed to call on it.That is not saying that in coming hours/days/weeks/months,that will be the case

[m1k3y1] 21/6/2020 13:12

962.......I don't think the Qataris will be able to invest without a rights issue, sadly, which will impact all of us.

It seems that when Walsh says BA / IAG won't need a bailout, he is either being conservative with the truth, or he isn't able t understand the financial position of the Group.

[962962] 21/6/2020 12:40

Teamwork.Share issue a possibility,but keep your eyes on the Quatari's.1.5 billion loan is pocket change to them,and they have/always have, had their eyes on BA.They will/have invested in IAG,but Iberia/Vuehlig/Aer lingus are of no interest to them at all.BA is the jewel in the crown and that is/always has been what they want.

[teamwork1] 21/6/2020 12:22

If they is share issue, share price will drop

[962962] 21/6/2020 11:45

Mik.davidcoff is 100% correct in relation to this board,which is a sharedealing/financial board.We are here to invest X and come out with double X,its as easy as that.If the BOD come out with more so be it

[m1k3y1] 21/6/2020 10:57

and still the Directors are paying themselves up to 200% of salary in bonuses !
No doubt 'Davidoff150' will be very happy with this, as it means the Directors are doubling their money at the expense of the shareholders.

[m1k3y1] 21/6/2020 10:49

BA owner IAG may ask investors for £1.5bn in emergency fundraising

[lisachan] 21/6/2020 10:02

Do you think there is going to placing soon , signed up Twitter yet couldn't find it Thanks

[jailbird] 21/6/2020 07:30

It is so wrong for existing staff to be asked to sign new contracts and should be made illegal .
BA historically have always paid Voluntary redundancy to accelerate reduce older working staff . Enhanced packages were offered to encourage takers . This should be continued now .
Existing staff always unaffected , rightly so . New contracts staff employed on lesser wages , aligned with industry wages . This has been happening for a few years now

Question is why now , why ask existing staff to reduce wages when the Co has never done this before ?

[davidoff150] 20/6/2020 23:35

Got it in one.