Qatar take 9.99% stake in IAG (BA Owners)
Aug 4, 2016, 3:21 am
#106
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BBC Business Live reporting this morning that Qatar has indeed now purchased more IAG stock taking its shareholding to 20.01%.
It claims it has no plans to further increase its shareholding unless the situation changed materially and that this purchase was more due to the recent drop in IAG's share price which provided an attractive opportunity to increase its stake in the group.
It claims it has no plans to further increase its shareholding unless the situation changed materially and that this purchase was more due to the recent drop in IAG's share price which provided an attractive opportunity to increase its stake in the group.
They have also taken a 49% stake in Meridiana, and 10% in LATAM. I wonder who is footing the bill, out of Qatar's profits?
Last edited by Prospero; Aug 4, 2016 at 3:53 am Reason: removed politically charged comment
Aug 4, 2016, 3:50 am
#107
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Probably bad news for IAG staff
“If you did not have unions you wouldn't have this jobless problem in the western world… It is caused by unions making companies and institutions uncompetitive and bringing them to a position of not being efficient,” Akbar Al Baker
“If you did not have unions you wouldn't have this jobless problem in the western world… It is caused by unions making companies and institutions uncompetitive and bringing them to a position of not being efficient,” Akbar Al Baker
Aug 4, 2016, 4:05 am
#108
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Aug 4, 2016, 5:22 am
#109
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So (and regardless of the accuracy or otherwise of analyst forecasts), the point being that the statement of no intent to increase the holding again does not mean a lot. Another future good deal would also be a good deal. It wouldn't surprise me at all if they took the holding up towards 30%, given the right opportunity.
Aug 4, 2016, 5:44 am
#110
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So (and regardless of the accuracy or otherwise of analyst forecasts), the point being that the statement of no intent to increase the holding again does not mean a lot. Another future good deal would also be a good deal. It wouldn't surprise me at all if they took the holding up towards 30%, given the right opportunity.
Aug 4, 2016, 6:05 am
#111
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I believe AAB stated currency markets to be one of the core reasons for increasing the stake in IAG.
I can't find the link, but I believe he spoke at Farnborough and raised the matter - alongside announcing the Meridiana and LATAM deals.
M
I can't find the link, but I believe he spoke at Farnborough and raised the matter - alongside announcing the Meridiana and LATAM deals.
M
Aug 4, 2016, 7:23 am
#113
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Unlike the armchair experts above it rather looks like the real investors who have to put money where their mouth is have decided quite the opposite and seem very happy to sell to Qatar at ever lower levels
Aug 4, 2016, 5:09 pm
#114
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the same ones who said to buy it at even higher levels earlier in the year? errr.. maybe I'll pass on their 'expertise'.
Unlike the armchair experts above it rather looks like the real investors who have to put money where their mouth is have decided quite the opposite and seem very happy to sell to Qatar at ever lower levels
Unlike the armchair experts above it rather looks like the real investors who have to put money where their mouth is have decided quite the opposite and seem very happy to sell to Qatar at ever lower levels
btw, where else would an expert in stocks sit but an arm chair ...?
