IAG €2.74 billion Rights Issue
Sep 21, 2020, 10:08 am
#61
Join Date: Jul 2005
Location: London, ARN, HEL, ..... or MAN
Programs: BA GGL / GFL, Mucci Diamond!, HH Diamond, Radisson Premium, IHG Gold, Hertz Gold
Posts: 5,899
I will continue to comfort myself with the knowledge that, however much I have paid for my IAG shares, I will always have gained more from the days of the 10% discount on flights which those shares used to provide. So even if IAG ceases to exist, overall owning the shares was a net positive. Of course I would be delighted to see them back up at 600p again though 
Sep 21, 2020, 1:01 pm
#63
Join Date: Jul 2005
Location: London, ARN, HEL, ..... or MAN
Programs: BA GGL / GFL, Mucci Diamond!, HH Diamond, Radisson Premium, IHG Gold, Hertz Gold
Posts: 5,899
Sep 23, 2020, 1:01 am
#66
Join Date: Jul 2012
Location: London
Posts: 489
Sep 23, 2020, 1:14 am
#67
Join Date: Sep 2001
Location: UK. BAEC AAdvantage
Programs: Mucci Des Oeufs Brouilles et des Canards
Posts: 3,671
That all depends on whether you want them for a quick profit, or want to hold onto them for the long term.
I'm more of the later where I buy shares to salt away for the future. I'm hoping for some dividends every now and then, (some of my shares have paid for themselves via dividends over the years) and at some point in the next decade or two I may start to cash them in if I need funding. I'm sure there's some aggressive fund manager that could get a better return buy buying and selling daily different stocks, but by buying small parcels here and there, I'm avoiding their management fees, gaining a very eclectic and diversified portfolio that compliments my employer pension funds and other savings and investments.
Basically, it all boils down to the first question any competent financial adviser should ask - What's your attitude to risk? The second question should be - How much can you afford to lose. All the money I put into shares and some savings products I can afford to lose. I wouldn't want to of course, but if they did go to zero and the company collapses, then it's money I've spent and I won't get back. And that's my opinion of the options. I can hold them for the long term. I can afford to lose them if the value falls. I am not after a quick return.
I'm more of the later where I buy shares to salt away for the future. I'm hoping for some dividends every now and then, (some of my shares have paid for themselves via dividends over the years) and at some point in the next decade or two I may start to cash them in if I need funding. I'm sure there's some aggressive fund manager that could get a better return buy buying and selling daily different stocks, but by buying small parcels here and there, I'm avoiding their management fees, gaining a very eclectic and diversified portfolio that compliments my employer pension funds and other savings and investments.
Basically, it all boils down to the first question any competent financial adviser should ask - What's your attitude to risk? The second question should be - How much can you afford to lose. All the money I put into shares and some savings products I can afford to lose. I wouldn't want to of course, but if they did go to zero and the company collapses, then it's money I've spent and I won't get back. And that's my opinion of the options. I can hold them for the long term. I can afford to lose them if the value falls. I am not after a quick return.
Sep 24, 2020, 2:21 am
#71
Join Date: Dec 2014
Programs: BAEC Silver, Flying Blue Petroleum
Posts: 270
It's all detailed in a secure message on the HL portal, which you'll have got a week or so ago. On or around 7th October. You'll also have the "rights issue application" listed in your list of stocks.
Sep 24, 2020, 6:17 am
#72
Original Poster
Join Date: Apr 2018
Location: London
Programs: BA Silver (for now)
Posts: 1,000