International Consolidat... Share Discussion Threads

[waikenchan] 26/7/2020 11:09

Writing was on the wall. Mentioned this a few months back. IAG would have raise more funds via additional borrowing or through share capital raising.Clearly this 10bn in liquidity won't last forever when the airline is burning through millions per day.

IT will follow the same way as American airlines / delta. I guess an extreme example will be lufthansa if the pandemic in prolonged.

Clearly the last month or so was driven by market sentiments rather hard news on medical developments. Who knows what the market was pricing in. Buffet clearly saw it coming.

[rolo7] 26/7/2020 08:10

Going to fall out of fste 100 if a big fall at September decision date?!

[montyhedge] 26/7/2020 08:06

These will be down Monday morning, rights issue talk and quarantine from Spain. I fly a lot, but not until a vaccine.

[loganair] 25/7/2020 22:28

Tour operator TUI said it was cancelling all flights due to depart to mainland Spain and the Canary Islands on Sunday, after Britain’s government said all travellers would face a two-week quarantine on their return.

[sikhthetech] 25/7/2020 22:20

I think the reimposing of quarantine will persuade more not to book holidays this summer.


British Airways says changes to Spain quarantine rules 'another blow' to industry

[loganair] 25/7/2020 19:15

Nicola Sturgeon - "This reinforces the point that these matters are subject to change at short notice & so my advice is to be cautious about non essential foreign travel."

[sikhthetech] 25/7/2020 18:36

Quarantine changes

From midnight, everyone returning from Spain will have to quarantine for 2 weeks...

I expect lots of planned holidays to Spain will now get cancelled..

[montyhedge] 25/7/2020 12:39

I think it will be a 1 for 2 at 125p.

[action] 25/7/2020 10:45

36% discount to closing price of 1.99p may give 2.5 billion new money .

[action] 25/7/2020 10:29

Market cap is 3.94 billion. If they get same price as Friday close 65% new shares for 2.5 billion cash . If deep discount may be 1 new share for every old share.

[montyhedge] 25/7/2020 08:28

Talk of rights issue how will they get that away in these markets unless massive discount.https://www.dailymail.co.uk/money/markets/article-8557525/BA-owner-tap-investors-2-3bn-beat-Covid-turbulence.html

[nemesis6] 24/7/2020 23:23

well you cant spell thats for sure alberrrrrrrrrrrrt

[djb3] 24/7/2020 21:20

If someone doesn't like what someone says then filter - it's not hard and a free forum. Mad the way some people on the forums behave - most the stuff is in the public domain anyway, people can say what they want. Only thing I dislike is when people state a future price of a share, without any reasoning behind it either way.

[montyhedge] 24/7/2020 18:16

155p my target and that's generous.

[loganair] 24/7/2020 17:37

Often posters post the same information on different company threads as the information is pertinent to these different companies and many people on one company thread do not read the posts on other company threads.

john09 - You seem to be showing a lack of thought and consideration for other share holders and a lack of good investing intelligence.

[albert3591] 24/7/2020 17:35

This second spike scenario was nailed on to happen mms knew it,and used it to their advantage.

[john09] 24/7/2020 17:30

13 posts about Spain on multiple boards.

[loganair] 24/7/2020 17:28

john09 - There is no need to be toxic and poisonous to another poster also shows a total lack of good upbringing.


Iberia and Vueling are both Spanish Airlines and a part of IAG and BA also fly to Spain therefore what is happening in Spain when it comes to Covid is important to the airline and therefore important to the share holders.

[loganair] 24/7/2020 17:03

Spain's total coronavirus cases rise by 2,255 from the day before, health ministry data showed.

[loganair] 24/7/2020 16:23

Europe starts to cut off Spain amid fears of second wave: France tells citizens NOT to travel to Catalonia and Norway re-imposes quarantine as Brits are warned air bridges could be axed with no notice

[wilc42] 24/7/2020 16:23

With a rights issue, would a share price normally reduce as more shares dilute their value?

[cashandcard] 24/7/2020 16:09

Not surprised really. Most airlines, especially legacy, will need to raise large amounts to keep themselves ticking over.


Cash

[demo trader] 24/7/2020 16:07

International Consolidat... Share News (IAG)

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Share Name Share Symbol Market Type Share ISIN Share Description
International Consolidated Airlines Group S.a. LSE:IAG London Ordinary Share ES0177542018 ORD EUR0.50 (CDI)
Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
-8.20 -3.93% 200.40 200.30 200.40 208.40 195.40 207.20 22,474,117 15:51:00
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Travel & Leisure 21,584.2 1,925.2 73.1 2.5 3,978
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International Cons Airlines Group Statement regarding equity raise media speculation
24/07/2020 3:54pm
UK Regulatory (RNS & others)

International Consolidat... (LSE:IAG)
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Friday 24 July 2020
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TIDMIAG

RNS Number : 0684U

International Cons Airlines Group

24 July 2020

Statement in relation to media speculation regarding equity raise

International Airlines Group (IAG) notes recent media speculation regarding the possibility of IAG undertaking an equity raise.

As detailed in its Q1 financial results announcement on 7 May, going into the crisis IAG had a strong balance sheet and liquidity with cash and undrawn facilities at 30 April of EUR10 billion. IAG has taken appropriate actions to strengthen its balance sheet and boost its liquidity position. This includes the announcement earlier today that IAG has extended its global commercial partnership with American Express and will receive a payment of approximately GBP750 million.

The Group is evaluating the merits of a rights issue of up to EUR2.75 billion that would further strengthen IAG's balance sheet. No decision has been made as to whether or when to proceed with a rights issue.

A further announcement will be made as appropriate.