International Consolidat... Share Discussion Threads

[davethehorse] 12/5/2021 10:32

Going only one way...

[m1k3y1] 11/5/2021 18:07

depending on BoJo !

[activeservo] 11/5/2021 17:43

Once this long term debt is priced in, I can only see upside. the pandemic is essentially over and other countries just need to catch up. Quite simple.

[spagboll] 11/5/2021 17:18

Surely positive that they issued more than the 800m but I have no idea how the bonds compare to others available. I guess see what happens tomorrow now there is clarity.

[activeservo] 11/5/2021 16:30

might get to 2.1 tomorrow but 1.8? still don't think I'll get it.

[activeservo] 11/5/2021 14:29

Absolutely, IAG is effectively up given the entire market has fallen 3% and the level of new debt announced. Outstanding performance (along with an RNS timed perfectly for pre-rally buy-in)

[davethehorse] 11/5/2021 14:00

Anyone still holding?

[activeservo] 11/5/2021 11:46

mikey, I know. it's obvious but those pesky shorts just can't see it.

[m1k3y1] 11/5/2021 11:45

Porsche......UK GOV will be adding more to the green list over the next few weeks, including the USA, which is a big earner for IAG.

Once more countries are added , others will be under pressure to follow.
We have already been told that the virus isn;t going away, so we just have to manage it and we will.

Travel will resume and IAG will benefit.

[activeservo] 11/5/2021 11:43

Porsche, love it! :-)

[porsche1945] 11/5/2021 11:11

@active, dont worry, by Oct you will get plenty of chance to top up at 1.80, and way way below that. Iag is a massively smaller company now, a lot more shares in issue, no dividend ( and little chance of one) and eye watering debt and pension liabilities, long haul flying is trashed for years, these will be back under a quid I’m afraid and it wont be long. Running on fumes at the moment, cant bleve i got out of this steaming pile with a profit was in two minds whether to take up allocation write it off.Phew and into Msft and Alphabet, buy US growth and sleep at night.

[jailbird] 11/5/2021 10:42

JulThese are smaller outstanding bonds I was referring to

[jailbird] 11/5/2021 10:40

julTalking these bonds BOND FINAL TERMSFollowing the launch of the issue of two tranches of senior unsecured bonds (the "Offering") earlier today, IAG has now set the final terms of the Bonds. The aggregate offer size was fixed at EUR 1 billion.-- The first tranche due 4 July 2023 will have a principal amount of EUR 500 million (the "Series A Bonds").-- The second tranche due 4 July 2027 will have a principal amount of EUR 500 million (the "Series B Bonds", and together with the Series A Bonds, the "Bonds").The Bonds will bear a fixed rate of interest of 0.5 per cent. and 1.5 per cent. per annum annually payable in arrear for the Series A Bonds and Series B Bonds, respectively.

[activeservo] 11/5/2021 10:17

The fact this hasn't cratered is also a very good sign. I was hoping to top up at 180, but it might not happen now this is being priced in and only good news now to come.

[davethehorse] 11/5/2021 10:06

This is dead in the water for investment purposes imo

[activeservo] 11/5/2021 10:05

I agree. The bonds show IAG shouldn't fold and has a long-term future and that's worth holding IAG as an investment, especially at the bottom where it effectively (still) is right now...

I think IAG are generally over cautious with their finances too, so I expect revenues and payback to come sooner rather than later.

[spagboll] 11/5/2021 09:46

The results of the issue will be the interesting part. I bought in in a tiny way yesterday so a bit annoyed. But I guess the fact that bond holders will purchase their bonds is some comfort, let's see at what interest rate.

[activeservo] 11/5/2021 09:34

It's the 277% rise in bookings that will offset all the debt. Each airline share price should surge when each EU tourist destination hits the green list in the next few weeks. I'm looking forward to that. It's just a time risk, will the green list overtake the debt commitments.

[julcester] 11/5/2021 09:33

List of existing bonds here...https://cbonds.com/bonds/177525/

[jailbird] 11/5/2021 09:21

Huge bond issue .. to raise €8b Euros Existing cash will allow them to manage approx 14 months , I think monthly burn is around €700m , anyone agree or disagree ? I am not sure Must not forget there are 2 other small we bonds maturing.. so pay back or be diluted .. mentioned on my previous post somewhere

[pdosullivan] 11/5/2021 09:00

Not great to see yet another debt issue from IAG this morning. Airlines are usually long a lot of cash due to selling tickets up front so the signalling effect of issuing a bond when liquidity was €10.5bn at the end of Q1 does not fill me with confidence on how IAG is viewing ticket sales.

[activeservo] 11/5/2021 08:51

Looks like I might get my 180 top up.

[bartyb] 10/5/2021 09:23

US pipeline shutdown due to cyber attack already affecting fuel price and will be shortages is not sorted within a day or so

[justiceforthemany] 09/5/2021 13:55

Bookings for holidays to Portugal have gone "through the roof" after the country was added to the government's green travel list, Thomas Cook has said.

The European nation is one of just 12 destinations where travellers can visit from 17 May without needing to self-isolate upon their return to England.

On Friday night, Thomas Cook said it had taken more bookings for trips to Portugal in a single hour than it did in the whole of April.

[milliecusto] 07/5/2021 18:18

It's a start and will become more progressive as vaccine rollout gathers pace