International Consolidat... Share Discussion Threads

[sr2day] 21/9/2020 08:00

will be a penny share this week imo.

[spob] 21/9/2020 07:58

Lots of issues with the vaccine

Normally a vaccine takes 6 or 7 years to develop

Let's forget that and assume a vaccine has been developed by Xmas


Then you have to manufacture enough vaccine for 7.5 BILLION people

That will take years to produce, not weeks


Let's forget that and assume enough vaccine for 7.5 Billion people has been produced by Christmas


Then you have to actually vaccinate the whole world

starting with the high risk groups first

how long will that take

The answer again is years not weeks


Let's forget that and assume the whole world has been vaccinated by Xmas

So far around 12 variations of this virus have mutated around the world

The virus is mutating all the time

So then you have to start all over again and produce another vaccine


The truth is this virus is going to be around for many years

In the meantime many companies will run out of cash or government support

Many companies will either go bust or be nationalised

[gerard walsh] 21/9/2020 06:14

Difficult to say what to do. I'm just a small investor really but decided to sell mine on Friday. I got nearly 47p for each right, 1500 rights in total.i just take the view that rights issues haven't been good to me in the past eg Lloyds and the price seems to drift lower and lower. We are now only about 24p higher than the rights issue price of around 88p so I just though bird in the hand. I may be wrong, I often am but it's just my view. Less exposure I felt was right for me.

[bili1946] 20/9/2020 21:43

Getting advice so difficult........too many people with an angle!
I am coming round to taking the plunge and taking up the rights.So in a few months I can say "told you it was a bargain"
Otherwise I will hide.
Thanks guys.

[sr2day] 20/9/2020 21:30

don,t take advice from monty,he changes his tune every other day.he is all over the place giving advice himself and a lot of his followers are suffering badly.filter him as he is a liability.avoid,

[bili1] 20/9/2020 21:15

I expect you would not take up the rights?

[montyhedge] 20/9/2020 21:00

Do not take advice from a bulletin board, most don't know what they are talking about.

[bili1] 20/9/2020 20:18

Thanks spob....I should have clarified my position.I do agree with your thoughts on the travel sector.All I wish to do is exit my position with minimum loss.
I was thinking that there may be an opportunity over the short term to sell with less loss!Of course who knows....
Very easy to be a doomster, as I am, but often things do turn around.....vaccine at Christmas would certainly do that!

[spob] 20/9/2020 19:58

Advice depends on the value of your remaining holding relative to your annual income or the size of your overall portfolio


Personally I wouldn't have a single penny invested in the travel sector right now

especially a trans-atlantic long haul carrier

[bili1] 20/9/2020 19:41

Help......A substantial holding over many years and well underwater.
Obviously should have sold earlier but we are where we are.
Shall I buy the rights or sell tomorrow
I have asked for the issue but presumably could canx?
I know it is leaving late but really confused.....
Any advice welcome many thanks.
Bili

[spob] 20/9/2020 18:33

Hubert Horan on the dismal future facing the airline sector and why no-one is facing up to reality.

10 Sep 2020

Alphaville

FT Alphaville's editor Izabella Kaminska speaks to transport consultant and aviation restructuring expert Hubert Horan about the shocking fundamentals facing airlines carriers in the post-coronavirus world, and why it is the investment community has decided to ignore the obvious.

[loganair] 20/9/2020 18:27

Dirt cheap.

I understand Rossiya are going to push these aircraft quickly into service, with the only thing they are going to change is to take out the Premium Economy seats and replace then with standard economy seating to make the aircraft have a higher density.

Not having your own particular airline seats and just using the BA seats that are already in the aircraft is also going to bring down the cost for Rossiya to bring these aircraft as quickly as possible into services.

[m1k3y1] 20/9/2020 18:21

1 mln eh .......cheap if you ask me.

[loganair] 20/9/2020 18:05

I understand the current going rate for a B747-400, with engines and AOC is just £1mln. The prices are so cheap as there are so many B747's being retired and nobody wants them and there is very little call for the aircraft as spare parts.

I say £1mln, as the B747's parked up at the airport in the Cotwalds are for sale at £1mln while a non-Flying, non-AOC B747 can be bought for £250k, these aircraft could be used for a restaurant or hotel etc. If these B747's are not sold then they are cut up over a 10 week period and sold to the local tin can factory.

Therefore the aircraft would be costing Rossiya c£7mln or c$10mln.

If Rossiya was to buy brand new B787's for example, 7 aircraft with discount would cost them c$420mln, therefore even though the B747's are more costly to operate then the B787, because they are so much cheaper to buy, it is really worth Rossiya using them.

Many of these B747s Rossiya are going to use on long distance domestic routes with in Russia.

[m1k3y1] 20/9/2020 17:50

I wonder what they paid for them.

[loganair] 20/9/2020 16:44

Rossiya - Russian Airlines are to take delivery of 7 ex British Airways B747-4's. Registrations G-BYGA, B, C, D, E, F & G are set to transfer during October and November.

[hamhamham1] 20/9/2020 14:53

Careful, just because a company raises £2.5bn is a share issue, it does not mean that the market capital will increase by £2.5bn.
Share prices always, well usually, come down to meet the offer price on the open market, so I do expect these to be in the mid/late 80's , 84-88p, in the next few weeks, ignoring the Boris threats.

[spacedust] 20/9/2020 13:08

Tullow was 1800p then went to 6p few months ago.

IAG 60p will be generous. Is it possibke for it to go as low as 6p??

Buywell predicts 50m deaths woth 500k in the UK.......i sincerely hope he isnt remotely even close to getting correct

[lufty] 20/9/2020 13:07

Thanks mik3y1 this all makes perfect sense now and like you said earlier the only two decisions are whether you have more money to invest in IAG and secondly whether you think the prospects in your investing timeframe are positive or negative.

[lufty] 20/9/2020 13:03

Thanks loganair so this is a straightforward rights issue. In the past I cannot remember ever being able to buy/sell rights but I never stay in for a rights issue if I can help it.

[m1k3y1] 20/9/2020 13:02

LUFTY.....as explained by Logan ( by the way, I see no need for the criticism when people ask for information), you get 1 right for each share owned.

You need 2 rights to be able to subscribe for / buy 3 new shares.
So you get 1000 rights for 1000 old shares, which entitles you to buy 1500 new shares at 0.88p (depending on the euro exchange rate).

[loganair] 20/9/2020 12:41

For every one share held a person gets one subscription rights share.

For every two subscription rights shares a person can buy three new shares in IAG.


I am astounded at how many private retail investors in IAG do not know how a Rights Issue works and therefore I ask myself is it appropriate for these people to be investing in shares in the first place???