International Consolidat... Share Discussion Threads

[redbaron10] 22/4/2016 09:27

Keep looking in on these.Only 9 odd weeks to the referendum.While singing Willie's praises as a CEO,and his formidable skill in dealing with the unions at BA and Iberia,he has led a few unwary investors up the garden path with his own share purchase recently.It was no good him saying a possible brexit would not have a serious impact on IAG because the market quite clearly doesn't believe him looking at the current share price.IAG had a period of share buybacks to add to reserves for employee share schemes which supported the share price last year,but then announced to all that they had completed the share buyback and were no longer in the market! Finally a dividend was declared,to be paid in July.This share will muddle along now for 9 more weeks,with possibly some action next week with the results due,but in my experience good blow-out numbers invariably lead to a share price drop anyway! I will get back in post 23/6, but the Chancellor of the Exchequer with his lowering of CGT in the budget for higher rate tax payers,has made this share a total free for all to city spivs,speculators and day traders in the period after the referendum result.Small private investors have been poorly served here with IAG's actions

[teamwork1] 21/4/2016 15:22

These shares are not moving, brokers are upgrading to 7 and 8 pounds for months

[nil pd] 08/4/2016 14:32

@philanderer

Thanks for the link.

@redbaron - the Chinese story is clear regarding how the EU binds IAG with specific rules. Obviously I need to go out of my way a little more to find information like this, instead of waiting for it to appear on the TV screen! I don't see such UK/Europe-focused news as you must do.

[nil pd] 08/4/2016 14:21

Lol, redbaron - you make me smile!

Altruism, hmm. Funny thing is, in my years of playing this game, I have never sought or received shareholder perks. Who gets mine? If one doesn't claim benefits does it mean others get better benefits?! I only once attended a company meeting (date it...ICL!), often don't vote using the proxy forms and my holdings don't influence my "shopping". For example, I don't go out of my way to fill up at Shell, even though I hold a chunk of RDSB. But if the "brands are all in a row", I do buy preferentially. It's lovely filling my monster tanks with cheap "gas" right now...

BA is an odd one. Their prices are always/usually matched to the main carriers, leaving choice down to the service, which is exemplary - way better than the usual swath of Americans. That point alone indicates patriotism, at least in part! My choice may be influenced by the flag AND the service. It works like this - the problem is timing; if I have to fly, I have to go asap and I start with BA, attempting a part BA Miles and part-cash ticket for better than economy. You guessed it, none available unless I add huge sums to upgrade to Business, which then depends on who is paying - me or client. If I know dates in advance, booking is easy and I can get Traveller+ no probs.

Therefore, for me BA (IAG) wasn't like a Shell where I buy the gas because I'm a holder. It was t'other way around! I use BA so much, why not buy the shares? I did my research and found I was buying at an apparently toppy time, but at a stage when the market foresees (foresaw? has it doubted itself?) significant growth. IAG is still a "strong buy", one of only three similarly rated in the FTSE100. I'm optimistic and will hold with the long view.

Your observation about the EU Referendum in June is a worthy point for investment planning. But does it apply selectively? To IAG and not to RDSB, for example? I don't yet have a view although I am considering it!

[philanderer] 08/4/2016 13:49

British Airways eyes Chinese tie-ups

[redbaron10] 07/4/2016 00:48

Nil Pd,you bought into IAG for the shareholder perks! There was i thinking your actions were based on altruism and patriotism.Have you no shame? You even have the currency benefits when you return! I know you are James Corden,and successfully hosting the Late Late show,why do you need cheap airline tickets? Don't sell yourself short!

[redbaron10] 06/4/2016 19:17

Don't worry my friend i don't hold the EU entirely responsible for all of it.There is a burgeoning and ever-increasing number of state sponsored busy-bodies in this country all too willing to apply the 'stick' approach to everything.We used to have a 'carrot' approach to gently persuade and cajole the population to the establishment way of thinking and life was pleasant and tolerable.Now we have apparatchiks working in the state's name who, when dressed in uniforms or high-viz, want to lord it over everyone.They are a menace and an affront to the British sense of decency and fair play.They represent authoritarianism of the worst kind and should be challenged everywhere they stick their nose into business that doesn't concern them.Here endeth the lesson.

[nil pd] 06/4/2016 19:12

Lol! Half right, redbaron - I'm in North America. Whenever possible, I fly BA for visits back to Blighty. It just depends on how much time I have before booking.

BA - the best service of all the airlines.

[alphorn] 06/4/2016 18:56

redbaron - "peddled in the EU's name". You have got it in one.

As my handle suggests I live on the continent and like Nil Pd can not vote in June. So if you believe what you have just posted then leaving the EU will not change these UK domestic rules you note above. There must be a huge team of (unelected) bureaucrats in Whitehall who dream up these rules and these teams will not be going anywhere whatever the outcome of the vote. You can start with health and safety, followed by Visas for non-EU people followed by charging for NHS work to all non residents, whether British or not.

[redbaron10] 06/4/2016 18:07

Didn't know Richard Branson's handle was Nil Pd! What's the weather like on Necker? Sorry you had to sell your share in Virgin America,but hey you didn't do so bad! Now you can invest some more of your money in your favourite airline outside of Virgin! Yes you can now own a bit of the old BA.But watch the ticket pricing.We don't want a repeat of last time do we! That turned out quite expensive in fines for BA,but Virgin Atlantic avoided prosecution.How's the space rocket going? You and Bezos should collaborate!

[nil pd] 06/4/2016 17:44

Well the good thing about politics is that you can have your view, your say and it is very hard to be wrong. It's usually a point of view!

I wish I could vote on 23 June but I'm not a UK resident.

Short-term volatility with IAG, such as today, is almost irrelevant to the big picture. Am I trying to sell IAG? Not really, one doesn't need to with a FTSE100. Again it's my view - I see the share as good in the near, medium and long term.

Good luck elsewhere and I hope this thread sees you back to IAG soon. That sounds very commercial, doesn't it? But intended in human spirit!

[redbaron10] 06/4/2016 17:13

Well on June 23rd you have the opportunity to tell the French and all the unelected cronies within the EU, who have far too much say and influence over our lives here in the UK,to jog on.I for one intend to exercise my democratic vote to leave this disgraceful customs union that helped destroy my job in the fishing industry, aided and abetted by DEFRA.I have no time for people who try and defend the lies and deceits that have been peddled in the EU's name over the last forty years.The EU is wholly undemocratic and has utter contempt for the nation state.Enough of my political rant.I blame your thread Nil Pd,you just set me off with your comments!

[nil pd] 06/4/2016 16:45

..and don't we (as in 'the British') love to hate the French?!

Legislate against strike action; it's tantamount to treason, given entire economies can be undermined. Think the miner's strike - Scargill brought down governments, snuffed out miners' jobs and the British mining industry, and starved his own followers for good measure.

So often little good comes of it. Once upon a few hundred years ago, such action was helpful. Not today.

Not because my IAG share price is down. I can afford that. Can the French wives and families afford it?

[philanderer] 06/4/2016 13:30

Read across from EZJ today

[alphorn] 06/4/2016 08:39

red - agree, as you can see from my thread.

[redbaron10] 05/4/2016 18:34

If as an investor you choose to ignore the EU referendum then that's your perogative.If you don't think it will materially affect your investments,and you already know the result, good luck to you.I'm just protecting myself from unnecessary risk.Why didn't IAG make the ex-dividend/close register date 23/6 the same date as the vote? This would avoid all the volatility and the free for all that we can all expect on 24/6.Long term holders are disadvantaged in my view with the ex-div date 30/6 with payment a few days later.If i have to pay a higher premium post 24/6 to buy in again then fair enough.I didn't ask for this referendum,but as an investor it could be harmful to my wealth!

[phillis] 05/4/2016 16:43

nuts indeed
if you intend to be a holder long term then why sell
(unless maxing CGT allowance)

[redbaron10] 05/4/2016 12:29

Cashed in my chips on this one.Brexit fears will persist for the next ten weeks even though IAG is Madrid based,so any upside/good news will give sellers an opportunity to offload.For this reason there is little upside to be had before 23rd June and if there is a leave vote then the price will drop sharply short-term after that.I don't believe the risks of owning this are worth it.I will review after 23rd June and find an advantageous entry point thereafter.Good luck to all present investors.Selling shares with a p/e under 10 seems nuts but there we go.

[nil pd] 04/4/2016 05:12

Mmm, you do know about the mass graves..?

Good to see the 200d MA turning up. GS on the right track (for once). Though, they can be somewhat short-termist!

[redbaron10] 29/3/2016 19:14

Nice to see the Egyptians on high alert at their airports! Just as well we live in a peace-loving world where we all stand around with a 'coke' in our hand singing 'i'd like to teach the world to sing!'.I didn't realise the Middle-East had become a safe haven all of a sudden.Just booked a trip to Palmyra in Syria via Egyptair.What could go wrong?

[spob] 22/3/2016 09:24

Was that before the kamikaze incident this morning ?

[skinny] 22/3/2016 09:03

Goldman Sachs Buy 532.25 775.00 810.00 Reiterates

[younasm] 22/3/2016 08:50

1-5 % move becoming quite regular. Need to see some stability -- I am mainly long here.

[applepieinthesky] 18/3/2016 08:13

Looks from recent the recent sky news interview with Walsh he is not a well man could this be something known as Karma

[younasm] 17/3/2016 22:15

Don't look for rational explanations --- you only find them with hindsight. Even then the explanations will change over time as more scandals / facts are revealed :-)