International Consolidat... Share Discussion Threads

[albert3591] 21/9/2020 16:43

Spacedust that’s a bit drastic.

[albert3591] 21/9/2020 16:42

m1k3yt....it can wait till tomorrow mms have all the time in the world,dows got another 4/5 hrs.then see how it goes tomorrow.

[spacedust] 21/9/2020 16:42

Into the 80s tomorrow im afraid

[bili1] 21/9/2020 16:25

Interesting stat......MC EZJ £2.24Bn IAG £1.92Bn

[m1k3y1] 21/9/2020 16:11

it certainly appears to be kept at a level now. Odd given the DJ fall.

[loganair] 21/9/2020 15:46

The way I see it going, the mm's will hold the share price slightly above the Rights price to get their shares away at a small profit, then down the IAG share price will go, maybe as low as 50p.

[m1k3y1] 21/9/2020 15:43

logan.....surely the offloading of the underwriters shares will depress the share price

[ccr1958] 21/9/2020 15:42

Thx Logan... BA do carry plenty in WT and compete very well with those u mention.. way off for big loads agreed. I am on my way to Malaga now .. jet half full. Ccr.

[albert3591] 21/9/2020 15:41

Maybe a close run thing then

[loganair] 21/9/2020 15:34

The underwriters will be left any shares at the Rights price of c88p, therefore as long as the IAG share price stays above 88p when they sell them into the market, then the underwritters are making a profit.

[montyhedge] 21/9/2020 15:26

Underwriters could be stuffed.

[albert3591] 21/9/2020 15:22

Loganair...when COVID is over,these airline stocks will be played and played,so much you won’t know where you are.From what witty said today we must be looking at least till next March or more.mms will have fun all the way.

[loganair] 21/9/2020 14:43

1. Qatar Airways has NOT underwritten the rights issue, they are taking up the rights that have been allotted to them as 25% share holders in IAG.

2. IAG have permanently lost c20% of their high margin, high profit corporate traffic which equates to c40% of their pre-Covid profits and are going to need to fly more low margin tourist passengers thereby competing with the low cost carriers.

3. Once Covid is over, people will desire to go back to going on holiday which means the likes of Easyjet, Ryanair, Wizz and Jet2 will be far better off and in a far better position after Covid compared to the likes of BA, Iberia and Aer Lingus.

This is why IAG are desperate to get their hands on Air Europa, who are a low cost tourist carrier to Central and South America.

[ccr1958] 21/9/2020 14:37

I saw an interview where sheiky baby said they were in IAG for long term and would support the rights.. maybe I mistaken ref. Underwriting aswell ?

[m1k3y1] 21/9/2020 14:32

I thought that The rights issue was fully underwritten by Goldman Sachs and Morgan Stanley. Didn't know that Qatar was an underwriter, although they said they would be taking up their rights.

[m1k3y1] 21/9/2020 14:31

wow, I didn't know Qatar was an underwriter also !
So, they own 25.1% AND they are underwriting the rights issue !
No conflict of interest there then.

[ccr1958] 21/9/2020 14:29

Yes The Qataris have underwritten the rights issue.. I agree with Galileo

[ccr1958] 21/9/2020 14:29

Yes The Qataris have underwritten the rights issue.. I agree with Galileo

[stra3enkater] 21/9/2020 14:26

Wasn't Quatar one of the underwriters? They may want to hold long-term. The lower the price, the better the options.

[galileo8] 21/9/2020 14:24

By buying in the open market the gamble is there will be less rights left not taken up. That's the gamble as Jim Bowen used to say

[m1k3y1] 21/9/2020 14:12

Thanks but it is a major gamble for them and if say 50% of rights don't get taken up, that would be circa 1.375B euro of surplus shares left to dispose of.
Judging from the market price of the rights and share price , there is going to be a lot of rights not taken up , unless I am mistaken.
I am only guessing of course.

[galileo8] 21/9/2020 14:01

If they bought for example 150m quid of shares that could potentially push the price to a point that make taking up the rights look attractive, spending 150 may be a better bet than losing say 500!

[m1k3y1] 21/9/2020 13:53

galileo...trying to understand your 'runners' theory.
If they buy circa 150m in the market, they are still on the hook for the surplus shares that they have underwritten.

The only way they can make money is to sell the 150m shares they have bought in the market.......but they still have the underwritten shares to sell as well ?

I guess if they traded in leveraged betting they could offset the losses somewhat but if there is a small take up of the rights, they could be left with a big loss .

[m1k3y1] 21/9/2020 13:44

NY...no, sold mine last week.

[ny boy] 21/9/2020 13:38

IS everyone taking up the rights?


I added a few more @ 96p, more BP @ 235p & added lots more SCLP