Someone wants to buy our IAG shares
Dec 17, 2019, 12:19 pm
#1
Original Poster
Join Date: Apr 2008
Location: Biot, France
Programs: BA Executive Club Gold, TK Smiles and Miles, Hilton Honors
Posts: 222
Someone wants to buy our IAG shares
Good evening,
today we had a telephone call from an investment company wanting to make Mrs Boyfrombiot an offer for her IAG shares. Has anyone else had such a telephone call? We thought it strange. Could someone be trying to increase their holding for some reason?
Anyway, Mrs Boyfrombiot’s handful of shares are not for sale.
Cheers
Steve
today we had a telephone call from an investment company wanting to make Mrs Boyfrombiot an offer for her IAG shares. Has anyone else had such a telephone call? We thought it strange. Could someone be trying to increase their holding for some reason?
Anyway, Mrs Boyfrombiot’s handful of shares are not for sale.
Cheers
Steve
Dec 17, 2019, 12:24 pm
#3
Moderator, Iberia Airlines, Airport Lounges, and Ambassador, British Airways Executive Club
Join Date: Feb 2010
Programs: BA Lifetime Gold; Flying Blue Life Platinum; LH Sen.; Hilton Diamond; Kemal Kebabs Prized Customer
Posts: 63,804
Yes it screams boiler room to me. I would contact IAG Investor Relations at the earliest opportunity. IAG is freely traded so there is no point anyone paying more than the stock market rate.
Dec 17, 2019, 12:25 pm
#4
FlyerTalk Evangelist
Join Date: Mar 2010
Location: JER
Programs: BA Gold/OWE, several MUCCI, and assorted Pensions!
Posts: 32,145
Any sort of financial cold-calling gets short shrift from me. Send me a letter, and I’ll think about it.
The curse of the ‘instant communication’ world we now live in,
The curse of the ‘instant communication’ world we now live in,
Dec 17, 2019, 12:27 pm
#5
Moderator: British Airways Executive Club, Iberia Airlines, Airport Lounges and Environmentally Friendly Travel
Join Date: Jan 2003
Location: London, UK
Posts: 22,212
The share value dropped 15.6p on closing today (at 624.4p) . Personally, I wouldn’t consider selling my holding below 650p.
PS, did you get a further divvy last week?
PS, did you get a further divvy last week?
Dec 17, 2019, 12:43 pm
#6
Original Poster
Join Date: Apr 2008
Location: Biot, France
Programs: BA Executive Club Gold, TK Smiles and Miles, Hilton Honors
Posts: 222
Yes she did!!!
As far as the person trying to buy her shares they were told in no uncertain terms where to go....
Cheers
Steve
Dec 17, 2019, 2:00 pm
#9
Join Date: Nov 2006
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Posts: 5,529
Dec 17, 2019, 2:35 pm
#10
Join Date: Feb 2009
Location: YYC
Programs: BA bronze, Aeroplan peon
Posts: 4,746
Do you actually hold them, or does your broker hold them for you? For most people their are held in a brokerage account, rather you having the the physical certificate. If the broker holds them, they they should be the point of contact, not you. Another BA IT breach? Perhaps the shareholders list has been hacked?
Dec 17, 2019, 3:26 pm
#11
Join Date: Jul 2010
Location: London, UK
Programs: BA Gold, IHG Diamond
Posts: 356
Dec 17, 2019, 4:00 pm
#12
Join Date: Aug 2009
Posts: 648
Good evening,
today we had a telephone call from an investment company wanting to make Mrs Boyfrombiot an offer for her IAG shares. Has anyone else had such a telephone call? We thought it strange. Could someone be trying to increase their holding for some reason?
Anyway, Mrs Boyfrombiot’s handful of shares are not for sale.
Cheers
Steve
today we had a telephone call from an investment company wanting to make Mrs Boyfrombiot an offer for her IAG shares. Has anyone else had such a telephone call? We thought it strange. Could someone be trying to increase their holding for some reason?
Anyway, Mrs Boyfrombiot’s handful of shares are not for sale.
Cheers
Steve
Even seasoned investors have been caught out, with the biggest individual loss recorded by the police being £6m.
The high-pressure sales tactics can also come by email, post, word of mouth or at a seminar.
These scams are sometimes advertised in newspapers, magazines or online as genuine investment opportunities. They may even offer a free research report into a company, or a free gift or discount on their dealing charges.
You will often be told that you need to make a quick decision or miss out on the deal.
The scammers might also try to sell you shares or bonds in a company that doesn’t exist.
If you already own shares in a company, you may receive a call from someone offering to buy them at a higher price than their market value.
The scam will request the money upfront as a bond or other form of security, which they say they’ll pay back if the sale doesn’t go ahead – but you’ll never hear from them again.
How share and bond scams work
Share and bond fraud usually comes out of the blue, with scammers cold-calling investors after taking their phone number from publicly available shareholder lists.The high-pressure sales tactics can also come by email, post, word of mouth or at a seminar.
These scams are sometimes advertised in newspapers, magazines or online as genuine investment opportunities. They may even offer a free research report into a company, or a free gift or discount on their dealing charges.
You will often be told that you need to make a quick decision or miss out on the deal.
The scammers might also try to sell you shares or bonds in a company that doesn’t exist.
If you already own shares in a company, you may receive a call from someone offering to buy them at a higher price than their market value.
The scam will request the money upfront as a bond or other form of security, which they say they’ll pay back if the sale doesn’t go ahead – but you’ll never hear from them again.
Dec 18, 2019, 2:11 am
#13
Join Date: Sep 2001
Location: UK. BAEC AAdvantage
Programs: Mucci Des Oeufs Brouilles et des Canards
Posts: 3,671
Do you actually hold them, or does your broker hold them for you? For most people their are held in a brokerage account, rather you having the the physical certificate. If the broker holds them, they they should be the point of contact, not you. Another BA IT breach? Perhaps the shareholders list has been hacked?
Speaking of which, I bough my shares via Abbey National's Sharedealing service, which is no more and I don't believe Santander offer anything similar. If I want to sell do I just go to another broker and give them my shareholders reference if I want to sell? Not that I do want to sell them. They are currently worth three times what I paid for them a looooong time ago. Just need to know for future reference.
Dec 18, 2019, 10:07 am
#14
Suspended
Join Date: Aug 2010
Location: DCA
Programs: UA US CO AA DL FL
Posts: 50,262
The purpose of the financial markets is to establish a price by putting willing sellers together with willing buyers. As IAG is publicly-traded, there is absolutely no reason for someone wishing to purchase its stock to call individual share holders.
This is a self-evident fraud. Do not engage. Do not say anything and hang up.
This is a self-evident fraud. Do not engage. Do not say anything and hang up.
