International Consolidat... Share Discussion Threads

[skinny] 03/5/2016 12:17

HSBC Hold 506.90 620.00 610.00 Reiterates

Deutsche Bank Buy 506.90 760.00 760.00 Reiterates

Barclays Capital Overweight 506.90 750.00 750.00 Reiterates

[skinny] 03/5/2016 12:15

As announced on 26 February 2016, the Board of Directors of International Consolidated Airlines Group, S.A. (IAG) has submitted for approval at its 2016 General Shareholders Meeting the distribution in cash of a final dividend of 10 euro cents per share.

Subject to the approval of the General Shareholders Meeting, this proposed final dividend will be made as follows:

a) A gross amount of 5 euro cents per share from the share premium reserve (no withholding applicable to this element of the dividend).

b) A gross amount of 5 euro cents per share from net profit for the year to 31 December 2015. Tax withholding at the current applicable rate of 19 per cent shall be made on this gross amount as required by applicable legislation, giving a net distribution in cash of 4 euro cents per share.

Accordingly the dividend will be paid as follows:

Gross total dividend 0.10
Applicable withholding tax (19%) 0.01
Net total dividend 0.09 (Euros per share)

Timetable (applicable to both the Spanish and UK markets)

Ex-dividend date 30 June 2016
Record date 1 July 2016
Payment date From 4 July 2016

[redbaron10] 30/4/2016 13:43

As an observation,why was the Qatar announcement of an increase in their stake from 9.99% to 12% in IAG made public three days prior to the Q1 results.The share price rose to 555p in response to the announcement.So all the investors suckered into buying three days ago now have up to a maximum 30p loss per share to nurse.I bet they're chuffed about that!.Was there a regulatory requirement about Qatar being forced to reveal the upping of their stake here in IAG? When was their share purchase completed? It all appears badly timed,yet conveniently so if you want to first ramp and then dump! ummmmmmmmm.....

[redbaron10] 30/4/2016 09:43

Brexit,Brexit and Brexit.3 reasons why IAG shares bombed again.I just love the excuses business analysts use to explain the price drops.With Easyjet,it was striking French airtraffic controllers.With IAG it was the fact they are slowing growth plans for the airline because of Paris/Brussels terror attacks and the softening demand for premium travel seats.Willie and IAG's forward guidance is to match last year's bumper profits.Logically then it is only reasonable for the share price to fall another 5%,to match the already 5% share price fall for the entire fiscal year to date.Makes perfect sense to me! Hopefully,the share price will be 525p on 24/6, the day after the referendum ,and i can start investing here again.At least a dividend is payable now to provide an incentive for investing.A nice special one-off dividend payment like Easyjet managed a while back wouldn't go amiss.But no, i'm sure share buy-backs will be the priority as usual. Just galls me when shorters cash in everytime it's results time with IAG at my and other investors expense.Well not now because i'm not in here.But surely the company can do more to protect itself and shareholders against the blatant manipulation that goes on around results time.26m shares traded yesterday.Opening price 525p,finished the day around the same price.At one point share dropped suddenly to 518p,then a few minutes and trades later, low and behold,share price was back to 525p where it stayed.Emphasises the fact that whatever results are announced,this share price will fall.That can't be right.

[juluman] 29/4/2016 17:21

The Royal Bank of Scotland fell 6pc on losses of 1bn. IAG fell 4.72pc on profits of 155m euros. Are the markets working properly?
I think that for a safer investment, it is time to go Ladbroke and put my money on Bournemouth wining the premier next year.

[alphahunter] 29/4/2016 10:03

Reminds me of the housing stocks: low PE, highish dividend, keeps on beating earnings but petrified by the hideous and invisible top of the cycle and Brexit.

[younasm] 29/4/2016 09:05

Reduced short position, and added to long positions @525-526 -- using options to buy june/July calls and sell puts.

[younasm] 29/4/2016 07:58

Yep -- this will just follow broader market -- down today ??

[teamwork1] 28/4/2016 15:58

Every time when results are out the share price goes down

[hansrod] 28/4/2016 13:18

Typical solid results I expect, see what the markets think.

[teamwork1] 28/4/2016 12:41

Results out tomorrow

[alphorn] 27/4/2016 16:22

FT reporting that Qatar Airways has upped stake in IAG. No RNS needed?

[qantas] 26/4/2016 11:23

hxxp://www.travelmole.com/news_feature.php?c=setreg&region=2&m_id=d~AY!~Abs~&w_id=31880&news_id=2021849

Former M&S chief tipped to join BA parent

[redbaron10] 22/4/2016 16:20

I am just relying on what Mr Walsh said regarding brexit.He maintains that either way the vote goes it will have a minimum impact on IAG.Unfortunately the market is taking an alternative view.IAG is supposedly 'best in class',but the share price has behaved very similarly to Lufthansa and AirFrance/KLM over 1-3 years.This is despite the Qataris coming in and taking a 10% stake in that time!I am out of IAG at the moment so you are entitled to say shove off and come back with comments when you have some skin in the game,but this share is such an enigma,and i'm disappointed that with the long-term interest i have had in this share that investors have not been adequately rewarded.We have taken all the risk over the years,and yet come 24/6 everyone will be over this share like a rash for a quick killing.v poor.

[juluman] 22/4/2016 15:19

Perhaps, they are doing it because the effect of brexit on iag will be neutral. I have not hear any number regarding by how much brexit will affect iag. Which is your estimate? On the other hand, it is supposed that brexit will increase trade with the row. So, all in all the effect of is neutral for me.

[redbaron10] 22/4/2016 14:11

Well why does your theory work for BT,and not for IAG? Why doesn't the share price move up with every broker upgrade on IAG? If the uncertainty over the EU is affecting the IAG share price then why are brokers making recommendations on the share at this uncertain time and making themselves look foolish? The brokers don't know the result of the referendum,so why are they making recommendations on the share at this time?

[juluman] 22/4/2016 13:49

Still redbaron10, if they mean nothing why the market move up or down according to their opinions. Yesterday, Jefferies downgraded BT Group to ‘hold’ from ‘buy’ cut the price target to 475p from 515p, and sent BT 11p down .
“Do your own research” is a saying but imposible for one person for more than a few shares.

[redbaron10] 22/4/2016 13:34

They're in the broking business.They are there to generate and drum up sales so they get their nice fat commissions on buys.They then hedge your trade so it's win win for them.The last decent broker tip for me was Credit Suisse recommending in an investor letter to their own clients to buy Dominos Pizza shares.The recommendation wasn't for general public release until all their clients had filled their boots.Any broker releasing a recommendation must be viewed as 'why are you making this call?' Do your own research and due diligence.

[juluman] 22/4/2016 13:21

The oldest target is 3 month old. If the brokers are useless as you say who do you follow for guidance?

[redbaron10] 22/4/2016 13:01

Absolutely juluman.Broker recommendations carry the caveat that their projections are for twelve months hence from the date of the recommendation.Some of the brokers you mention have had price targets this high for 18 months and more.The price targets bandied around are completely meaningless.I could set a price target for any share myself and on a five year time scale the laws of probability dictates that the share price would match mine! These brokers are about as useful as the rating agencies prior to the financial crash of 2008.Remember Moody's ,Fitch,Standard and Poor and their credit ratings of AAA for what turned out to be what?

[juluman] 22/4/2016 12:39

It seems that Barclays (750), Credit Suisse (852), Investec (740), Namura, Jefferies (700), RBC Capital (660) HSBC (620), Goldman Sachs (810) do not know what they are taking about. Why people pay for those reports if their calculations do not consider all factors (pensions, cost of capital, share buybacks, brexit, etc.). Anyway, only a few weeks for Q1 results.

[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