Finnair stock down 75% overnight, to 6 cents per share
Oct 30, 2023, 8:15 am
#1
Original Poster
Join Date: Sep 2007
Location: Tallinn, Estonia
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Posts: 940
Finnair stock down 75% overnight, to 6 cents per share
Reason here, massive rights offering: https://view.news.eu.nasdaq.com/view...g=en&src=micro
Oct 30, 2023, 8:49 am
#2
Join Date: Aug 2007
Location: London
Programs: BA GfL & GGL, LH Sen, EK & VS Gold, Amex Cent
Posts: 1,719
Is there a case for IAG to buy AY/into AY...
If you want to see airline cyclicality/volatility look at the 15 year graph. Peak of €13 in 2007 and 2018 and 6.5c today...
If you want to see airline cyclicality/volatility look at the 15 year graph. Peak of €13 in 2007 and 2018 and 6.5c today...
Oct 30, 2023, 2:17 pm
#4
Join Date: Jan 2006
Location: Helsinki-Vantaa APT, Finland
Programs: AY LUMO
Posts: 6,059
Oct 30, 2023, 2:21 pm
#5
Ambassador: Finnair
Join Date: May 2003
Location: HEL
Programs: AY Lumo, BA Silver, HHonors Gold
Posts: 4,270
I also find it strange that this IAG buy out is so popular topic. Hasn’t the Finnish government said it many times they have no intention to sell the majority share of AY as they want to keep the control for national reasons? Also if they sold, they’d only make pennies so no real financial motivation either.
Oct 30, 2023, 2:29 pm
#6
Join Date: Nov 2013
Location: HEL
Programs: AY, SK, TK
Posts: 7,602
I also find it strange that this IAG buy out is so popular topic. Hasn’t the Finnish government said it many times they have no intention to sell the majority share of AY as they want to keep the control for national reasons? Also if they sold, they’d only make pennies so no real financial motivation either.
Since those are useless in a war. So State wants to only keep the pilots, competence and infra related. Customers can be slaughtered 😄😄😃😃
Oct 30, 2023, 10:42 pm
#7
Join Date: Nov 2012
Programs: SPG Platinum
Posts: 1,693
Is 6c the bottom? Surely it is?
Oct 30, 2023, 11:18 pm
#8
Join Date: Feb 2001
Location: HEL
Programs: AY Plat Lumo, SK Gold
Posts: 954
The government has said that many times, but we know that political winds can change quickly. In case that happens, the politicians in power don't care if they make money with selling the company or not - then it's most important to get rid of the shares before the next elections (which usually results in a shift of power).
Oct 30, 2023, 11:59 pm
#9
Ambassador: Finnair
Join Date: May 2003
Location: HEL
Programs: AY Lumo, BA Silver, HHonors Gold
Posts: 4,270
Whatever, please keep speculating on the IAG buy out all you guys want😁
I can take (large) bets against IAG becoming a majority stake holder at AY before 2030. PM me if interested and we can agree details in writing with bank guarantees etc. 👍
I can take (large) bets against IAG becoming a majority stake holder at AY before 2030. PM me if interested and we can agree details in writing with bank guarantees etc. 👍
Oct 31, 2023, 11:44 pm
#12
Join Date: Dec 2015
Posts: 127
Actually it didn't drop 70% but it went up 43%. Price without the rights offering should have been something around 0,04 but for some strange reason it went over 0,06c. This is really weird situation and people are basically paying way more on Finnair stock now than last week.
Nov 1, 2023, 3:10 am
#13
Suspended
Join Date: Jan 2014
Posts: 2,685
Actually it didn't drop 70% but it went up 43%. Price without the rights offering should have been something around 0,04 but for some strange reason it went over 0,06c. This is really weird situation and people are basically paying way more on Finnair stock now than last week.