Ripley94
18 Jan 2020
Big fall IAG… XXXX Explains why this one is hitting highs . … FTSE finishes positive week by hitting 6-month peak 17 January 2020 | 16:44pm … StockMarketWire.com - UK stocks put in a strong showing at the end of the trading week, joining in with a global rally as China’s economic growth met expectations despite its trade war with the US, providing a boost for miners. European shares soared after EU Trade Commissioner Phil Hogan struck a positive tone on talks with Washington, easing concerns over a potential escalation in trade tensions between the cross-Atlantic allies. At 16.35, the benchmark FTSE 100 index closed up 64.75 points or 0.85% at 7,674.56, a six-month peak. LARGE CAP RISERS AND FALLERS British Airways owner International Consolidated Airlines ascended 5% to 670.6p after it removed a limit on the number of its shares that could be owned by non-Europeans investors. Mining company Rio Tinto firmed 2.7% to £46.48, despite reporting a 3% fall in annual iron ore production from key operations in the Pilbara region of Western Australia state, owing to weather and operational challenges. The company also posted lower copper and aluminium output, but a rise in bauxite and titanium production. Insurance provider Hastings slumped 4.5% to 176.8p as it warned on profit and said it would cut its dividend after being hit by elevated claims costs. Hastings said it expected its dividend for the year through December to be lower, without being specific, but above its 65-75% target payout range. Gulf region focused hospital operator NMC Health rallied 8.8% to £15.68, on announcing that it had hired a former US federal judge and FBI director to address allegations about the health of its balance sheet lobbed by short-seller Muddy Waters. NMC Health said its independent review committee had retained Louis Freeh and his firm Freeh Group International Solutions to examine the claims and compile a report. Instrumentation and controls company Spectris improved 21p to £28.23 after it and partner Macquarie Corporate agreed to sell their EMS Bruel & Kjaer joint venture to Sydney-listed environmental management group Envirosuite. Spectris said it would itself receive A$35m (£18.5m), less repayment of EMS B&K’s debt facility on completion, and 10m shares in Envirosuite. Betting company GVC shed 2% to trade at 916p, even as it said it expected profit to be within the top end of recently upgraded forecasts, despite weaker sales in its UK retail business amid increased regulatory action. Information services company Experian edged 1.2% higher to £26.50 as its revenue rose 9% in its fiscal third quarter, led by ‘strong’ growth in North America amid a boost from acquisitions. Pork and poultry supplier Cranswick crackled 8.8% higher to £36.96, having upgraded its profit guidance on the back of ‘exceptionally strong’ exports and a ‘robust’ performance over the Christmas period. SMALL CAP RISERS AND FALLERS Fitness club operator The Gym Group softened 1.5p to 308.5p despite reporting that annual revenue rose by nearly quarter following a jump in membership numbers. Premier Foods softened 0.2p to 42.8p despite serving up news of a 2.6% third quarter sales rise, underpinned by healthy demand for its Mr. Kipling cakes. Sausage casings manufacturer Devro was marked down 2% to 171p as it downgraded its profit outlook on disappointing second-half sales.
marktime1231
16 Dec 2019
And the last of this year's ISA money goes on Well what do I know? Reports coming through that BALPA have officially accepted a deal brokered by ACAS, terms not revealed but believed to be based on an improved offer of 12% over 3 years cf. original proposal of 11.5%, but also rumoured to include an inflation protection clause. A huge relief for BA, and I think a sensible conclusion. The strike in September was hugely damaging and a repeat was in neither party’s interest. Should support the sp too.
marktime1231
16 Dec 2019
And the last of this year's ISA money goes on An extraordinary volte-face from Lobbo and his sidekick at HSBC. Since yelling this as a SELL and 400p in June, and while skipping the step of a revision to Hold and 550p when I was not looking, they have now re-rated IAG as a BUY and 750p. Another case of analysts following the market rather than informing us? All because of the election outcome … something which was not cited as the reason for the previous critical outburst, it was all blamed on cost outlook which HSBC maintains is a deep concern. Meanwhile the sp has flipped up from 560p to 640p in two days. How come, how does an airline which is already at something like 97% loading capacity suddenly get such improved revenue outlook just because the UK is now set for Brexit? Are we now going to see ticket prices ramp up? OK so renewed consumer / business confidence and more friendly exchange rates will see stronger demand for UK air travel despite Greta pulling faces. But I don’t see things in such wild binary swings. Lobbo was wrong before and may now have over-compensated. 400-450p was too cheap before, 560p was a fair price all things considered, 640p looks full value now and 750p would be 20% above the all time high. If IAG is suddenly going to swing to that sort of performance maybe pilots were right asking where was their quid-pro-quo and BALPA might reconsider calling off the strike programme. Well done everyone who held on for 640p when I sold up at 560p grrr, but let’s wait for some hard numbers from IAG to show us how this is going to hit 750p before being convinced this is a BUY from here.
marktime1231
18 Nov 2019
IAG coming home? Sold my remaining IAG stock this morning at 560p, it has been a terrific total return from 450p in May and a whopping special dividend in July. There may be even more to come so I will keep watching in case this becomes a bargain again, but the rotten witholding tax on the ordinary dividend spoils the yield. My income portfolio is above water and quite a bit in cash looking for an easy return. A brave step adding something risky like FXPO or IMB or RMG perhaps, or bide my time for a more solid favourite like LGEN to cycle round. Might just double up on IMB at 1750p, tempted by two whopping 72p dividends in the immediate pipeline. So what if the sp knocks back to 1600p for a while, it might just as easily recover on good news.
marktime1231
11 Oct 2019
IAG coming home? I wonder what is the prospect of IAG (British Airways and chums) re-domiciling in the UK if we manage to execute a pain free Brexit? I cannot remember the rationale for registering the holding company in Spain following the BA-Iberia merger in 2011, and whether it would still apply. Was it connected to the merger deal terms eg does Spain hold golden shares? IAG is pretty much still British, dominated by BA and operating out of a Heathrow HQ. So the Spain domicile is for EU-related or tax-related purposes? Does the UK still have a strategy for reducing corporation taxes, it was pencilled in to fall to 17% next year whereas CIT in Spain is currently 25% I think. The Spanish also apply a 19% withholding tax to my dividends even in my ISA wrapper, something which would not apply if IAG came back as a UK-registered company again. A withholding tax which my self-assessment tax return process would not let me recover. That is enough to turn IAG from a buy-and-hold stock to one which I would look to sell at the next peak, even though good profits and another special are a possibility in the year ahead.
Ripley94
08 Sep 2019
Big fall IAG… XXXX Motley Fool stated Woodford has bought in here lately having to by blue chips to revamp his flag ship unit trust . Out of favor trading on low valuations this one P/E 4.1… Also BT. & BAT 6.9 & 9.1 P/Es… Apparently P/E median for the FTSE 100 is 13.3. " Value oriented contrarian approach".
Ripley94
09 Jul 2019
Big fall IAG… XXXX. Noticed Div ( two one a special ) in yesterday ( S o ) ( D ) as well but not on acc … Only have the recent top up there , sold the original June 2018 ( got them Oct 2017 )
Ripley94
29 Jun 2019
Big fall I A G… XXXXX On reflection on the Saturday a good buy with a high ex div Thursday 4th . Although went a bit lower finished week well above. IT was lower end of BB … just seen now higher end .
Ripley94
24 Jun 2019
Big fall I A G… XXXXX Topped up on limit at close @ 452p
SaraRacano
20 Jun 2019
Another share in a death spiral Another share for the shorters, it´s definately in a bear trend. Let´s hope it doesn´t go bankrupt before my holiday to Orlando in October. Flight/hotel for under 1k GBP each.
marktime1231
19 Jun 2019
And the last of this year's ISA money goes on It looks like I might be here for the long haul then … ha ha. A slump today because my old school chum Lobbo at HSBC has downgraded the whole sector including IAG to a 400p SELL … a cheap shot considering we are about to go ex-div 45p and were sitting at 448p. How annoying, because I topped up again yesterday at 450p ahead of what I hoped to be a confident AGM statement. [AGM tomorrow not today as indicated on HL] He bases this dim view on poor Lufthansa data signalling weak demand and prices in Europe … well of course, Brexit knocking everyone’s travel plans … but ignoring IAGs own recent metrics showing a busy May and volumes up 5% on 2018, ignoring good long haul data, ignoring an easing in fuel prices, ignoring positive exchange rate movement, ignoring that IAG is head-above-water profitable while others are sinking to a loss. ps Lobbo … premia instead of premiums? Our old latin master Mr Herd would not be impressed.
Ripley94
15 Jun 2019
Big fall IAG… XXXX Not quite back to recent lows of 450p 1st June 2019
marktime1231
10 May 2019
And the last of this year's ISA money goes on And another top up at 498p. All lined up for an 8.3% payday in eight weeks time, and/or a 20% recovery in share price. Someone spent £10M on a tranche at 505p today, hopefully that will stop the rot caused by some big sells in the last three days.
marktime1231
10 May 2019
And the last of this year's ISA money goes on Putting my money behind my conviction I have sold a solid but low yield holding in BIFF today and placed an additional order for IAG at 500p.
marktime1231
10 May 2019
And the last of this year's ISA money goes on Phew, lucky lucky lucky “At 10:41 BST IAG’s shares were up 4% to 509p as investors warmed to the company’s resilient performance in a tough market.†Other major european airlines had sunk to a material loss in Q1 so this is reward for managing to make a (much reduced) profit still. Actually Q1 was also slower due to the late Easter holiday. IAG expect the rest of 2019 to pick up and return an annual operating profit similar to last year. That sounds optimistic but anything close would be a terrific result considering the market has priced in a 50-70% drop in net earnings. And in which case this will turn out to have been a terrific gamble, and points to achieving the 20% recovery in share price hoped for. To go with an 8%+ divi that is me breathing a lot easier. Just need to figure out what is going on with the withholding tax and how to overcome it.
