International Consolidat... Share Discussion Threads

[m1k3y1] 26/8/2021 18:29

Canada on the green list which should help Long haul travel.

[bluecash] 26/8/2021 18:28

Some people on here appear to be in DENIAL about covid (the first stage of grief). Next comes anger. Most people are, I would say, in the BARGAINING stage with covid, trying to work around it. As new variants emerge resistant to current vaccines, there will of course be PROFOUND SADNESS, and finally ACCEPTANCE that the world has changed and we are now living with annual flu and annual corona viruses that may kill us. Jabs for both will be routine. Air travel will change just as it did when shoebombs and underwear-bombs became a thing for a few idiots. A lot of businesses will come out of this worse than they went in, IAG probably being one. Dunno if it's fairly valued yet. The debt looks like a long-running problem.

[m1k3y1] 26/8/2021 18:25

Dan...I understand this to be at LGW which has always been a challenge for BA.
No surprise to be honest and if anything a positive.

[danvandan] 26/8/2021 17:10

mik3yk; from our chat earlier.



British Airways said it is considering folding its short-haul operations into a new subsidiary, as it looks for ways to offset the slump in long-haul traffic...

[danvandan] 26/8/2021 16:53

ok, so you think everything will go back to being the same. Most people would consider that at best 'optimistic'. But by 2022, IAG will have a debt which is how much bigger than 2019? And a pension deficit which is how much bigger?

Keep on giggling... and no 'time machine' needed - you can use today's debt and deficit as a rough guide and IAG's own cashburn numbers. (Is it honestly a good idea to invest in a business which burns cash?).

[reviewwworld] 26/8/2021 16:49

Oh... And I'm giggling even more by your response. Try not to let you emotions affect your investment thesis boy.

[reviewwworld] 26/8/2021 16:48

Yes.When? Probably from summer 2022

[danvandan] 26/8/2021 16:10

Well at least you've stopped giggling. Now you just want a 'time machine'. I wasn't using a 'time machine' when I asked you how many long haul flights BA is flying TODAY. As for a 'return to normality', most sectors are reporting anything but. Let's just take one aspect. Do you think that long-haul travel will return to the level of 2019 with people happy to be crammed into aircraft for many hours in the same numbers as before? Do you really think that travel will be exactly like it was? Full aircraft? Same number of flights?

[reviewwworld] 26/8/2021 15:57

Would love your time machine that shows travel has permanently been altered.Pretty sure all the stastics point towards a gradual return to normality in literally every single sector.Would also give you something to open your mind with... And this is a fact... UK Personal savings jumped the most over lockdown for more than 30 years... Most don't buy a car and house every year but I wonder what the third most expensive expenditure for a household is... Hmmm

[danvandan] 26/8/2021 15:42

Always nice to meet a giggling fool, reviewworld. So it's post-freedom day; how many flights is BA flying long-haul? I'm glad you feel that €1bn loss every three months is just a giggle. Of course there are people who will travel, but anyone believing what you say, that Covid has NOT changed travel permanently, would have to be a similarly giggling idiot.

The undeniable fact is that covid HAS changed behaviours. The long haul market has shrunk; currently it is invisible, but when it re-opens, it will be smaller than before. IAG will not be able to run at full capacity, and it wasn't making big margins before. It will be mired in debt, a massive pension deficit and will be operationally loss-making for years. Shareholders will feel the brunt of the burden until they depart. Keep on giggling.

[reviewwworld] 26/8/2021 15:30

"no way of paying it back" you do make me giggle.If anyone in their right mind thinks that covid has changed travel permanently they are truly bonkers. You only have to see post freedom Day how people can't wait to pack stadiums.People will always holiday (and mostly fly there if abroad)Businessmen will always travel (video calls are a very poor cousin to actual face time, whether in meetings, restaurants or wherever)

[danvandan] 26/8/2021 15:10

I can't find it either now. Well, the market seems to like the thought of it anyway. A tiny tick up.

[m1k3y1] 26/8/2021 15:02

I have.
Nothing about "IAG folding' its airlines into one budget airline", although there is discussion around the possibility of a lower cost fleet at LGW.

[danvandan] 26/8/2021 14:57

Not to hand. Try googling.

[m1k3y1] 26/8/2021 14:51

"There's a story just breaking in the telegraph about IAG 'folding' its airlines into one budget airline"

Do you have a link

[danvandan] 26/8/2021 14:37

You respond like a little boy in the playground, nyboy, 'attacking' the posters rather than the facts they present. You've evidently got no answer to my argument. Where will IAG find €12bn to pay off its loans and how long will that take? When will IAG pay a dividend again? Will air passengers ever return to pre-pandemic levels? Since this will likely take a decade or more, what will happen to profitability and payments into the pension deficit and interest payments on loans?

There's a story just breaking in the telegraph about IAG 'folding' its airlines into one budget airline. But this is merely re-arranging the deck chairs while the ship goes down. Loanholders can see what's coming. Debt for equity if they're lucky. Shareholders will be wiped out.

Btw, you keep saying that you're buying £10k chunks, like you're a massive investor, but serious investors don't respond like a child to detractors; they make a more grown-up counter-argument. The fact that you're unable to do that makes me think that you're not a massively resourced investor and that you're actually lying when you say that you're buying. Why are you 'ramping' this share? Is it because you're deep underwater and desperate to get out?

Sensible readers here will take a look at the fundamentals and see that 80% of shareholder equity has been lost off the balance sheet in just 12 months. The direction of travel is clear - complete shareholder wipe-out in months.

[ny boy] 26/8/2021 14:20

Mikesmythe
Member since: 12 Jul 2021

LOLZ


DanVanDan
Member since: 06 Jan 2021


LOLZ

Joined at the hip

You do wonder why they hang on this thread if they aren’t interested in buying the stock.

A lot of talk the talk and no action, just someone wasting time creating multiple aliases.

Get short, put your money (assuming you have any), where your mouth is.

[danvandan] 26/8/2021 13:45

Yeah, it's low hanging for a reason - it's about to fall off the tree and crash to the ground. Sub 100p coming soon, I think. €12bn in debts and no way of paying it back. The book value of its aircraft is massively overstated now since the earning power of aircraft is massively reduced but the balance sheet still reflects values from the pre-pandemic. I doubt there will be any more loans. Fire sale of assets next and shareholders will be tapped with rights issues until they say no. Then debt for equity and shareholder wipeout. We are witnessing the end of an era. We will all miss it.

IC has it as a sell:

[reviewwworld] 26/8/2021 12:14

This stock will hit 250p at some point in the next 12 months. It's low hanging fruit for those that aren't tick watching the daily moves

[mikesmythe] 26/8/2021 12:10

Who is this non NY Boy trying to talking like a broker "I believe these represent ... " Total bellend

[ny boy] 26/8/2021 09:25

Added another 10k @ 161p, I believe these represent a good long term investment, best look beyond a few days a few months! Best ignore short term noise and dyor
Catch up next year GL

[danvandan] 25/8/2021 16:03

dipa, buy more at your peril. Let ny boy pick up another £10k chunk. He deserves it.

[danvandan] 25/8/2021 16:02

If anyone is wondering what caused the sharp drop an hour ago it's this:



EU to Discuss Reimposing Covid-Related Travel Curbs on U.S.

The U.S. had 507 new Covid-19 cases per 100,000 inhabitants over the previous 14 days as of Aug. 15, according to the European Centre for Disease Prevention and Control. That’s well above the limit of 75 set out in the EU guidelines.

The rules also specify that the trend of new cases should be stable or decreasing and that no more than 4% of those tested for the virus are positive. The guidelines also take into account whether variants of concern have been detected in the nation concerned and whether a country has reciprocated on opening travel.

[dipa11] 25/8/2021 13:37

You're right sale your shares and look for other better options Meanwhile let me buy few more Thanks for your advice