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International Airlines Group - formerly British Airways. (IAG)     

skinny - 21 Jan 2011 07:12

b5m6xq7.gifChart.aspx?Provider=EODIntra&Code=IAG&Size=900&Skin=BlackBlue&Type=3&Scale=0&Cycle=DAY1&Span=MONTH12&OVER=MA(15);MA(50);MA(200);&IND=VOLMA(60);RSI(14);MACD(26,12,9)&Layout=2Line;Default;Price;HisDate&XCycle=&XFormat=

IAG Investor Relations

Recent Broker notes

BarChart Indicators

Recent Market news

International Airlines Group (IAG) Fundamentals


International Consolidated Airlines Group, S.A., also known as International Airlines Group, is the name of an Anglo-Spanish holding company formed on 8 April 2010 as a result of the proposed merger between British Airways and Iberia.


The new company will be the third largest airline holding company in the world by revenue,with 419 aircraft transporting passengers between 200 destinations.The new company will carry over 62 million passengers per year, according to British Airways executives.Both airlines will, however, continue to operate under their current brand names. British Airways shareholders will take a 55% stake in the new company, while Iberia shareholders will own the remaining 45% stake.

doodlebug4 - 11 Jan 2015 17:17 - 259 of 466

British Airways Owner IAG’s Second Aer Lingus Offer Spurned
By Kari Lundgren Jan 9, 2015 7:17 PM GMT 2 Comments Email Print

British Airways owner IAG SA (IAG) said it lifted its bid for Aer Lingus Group Plc (AERL) at the end of last month and and was rebuffed again by the Irish carrier’s board.

The adjusted proposal, made on Dec. 29, was a cash offer worth 2.40 euros ($2.84) a share, 10 cents more than the first two weeks earlier, London-based IAG said in a statement today. The latest approach values Aer Lingus at 1.28 billion euros.

Buying the Irish carrier would help swell IAG’s bank of scarce take-off and landing positions at London Heathrow, Europe’s busiest hub, where British Airways is the No. 1 carrier. The company, which acquired the former British Midland to gain slots, would need to broker a deal with 30 percent shareholder Ryanair Holdings Plc (RYA), which saw its own takeover bids for Aer Lingus blocked. IAG would also need to come to terms with the Irish government, which controls 25 percent.

“There can be no certainty that any further proposal or offer will be forthcoming,” said IAG, as International Consolidated Airlines Group SA is known. “A further statement will be made if and when appropriate.”

Aer Lingus closed up 10 percent at 2.50 euros in Dublin today -- 10 cents above the offer price. The stock has risen 37 percent since Dec. 17, the day before the first proposal became public, giving the airline a market value of 1.34 billion euros.

Other interested buyers might include Gulf carrier Etihad Airways PJSC, which owns 4 percent of Aer Lingus, and Virgin Atlantic Airways Ltd. in combination with Delta Air Lines Inc. (DAL), Goodbody analysts said in December

Bloomberg news

Fred1new - 12 Jan 2015 09:58 - 260 of 466

Fred1new - 12 Jan 2015 09:58 - 261 of 466

.

skinny - 12 Jan 2015 10:06 - 262 of 466

There you go Fred.

doodlebug4 - 12 Jan 2015 12:53 - 263 of 466

'No certainty' of improved IAG bid for Aer Lingus

By Phil Davies | 12 January 2015 at 08.24 GMT
0 Comments

International Airlines Group says there can be “no certainty” that it will return with another offer for Aer Lingus after a second bid was rejected by the Irish flag carrier.

The revised takeover bid from the British Airways owner was made at the end of December was for €2.40 (£1.88) per share against the €2.30 offered previously.

Activist Aer Lingus investor Crystal Amber, which holds a 2.8% stake, called on IAG to raise its bid to €3 a share, valuing the carrier at €1.6 billion.

“We think the board of Aer Lingus was absolutely right to reject an offer at €2.40,” Richard Bernstein, investment adviser at Crystal Amber, told the Sunday Telegraph.

He said that the Dublin-based airline was worth a “minimum” of €2.75 a share and that IAG could be forced as high as €3.

Bernstein expects IAG to return again with a sweetened third offer.

“When [IAG boss] Willie Walsh bid for Vueling he bid €7 initially which was rejected, and then he paid €9.25 in the agreed deal so there’s a bit of a precedent,” he was quoted as saying.

Bernstein previously urged IAG to offer €2.60 a share, but said that in the light of last Thursday’s strong fourth-quarter trading update from Aer Lingus, such a bid would be “insufficient”.

The airline said operating profit for 2014 would surpass the €61.1 million it reported a year earlier and that it had boosted fuel hedging to benefit from falling fuel prices.

Revealing that its latest offer had been rejected, IAG said on Friday: “There can be no certainty that any further proposal or offer will be forthcoming. A further statement will be made if and when appropriate.”

A successful bid for Aer Lingus would see IAG gain more precious take-off and landing slots at Heathrow. But any acquisition would require the backing of Ryanair which owns 29.9% of its Irish rival, and has itself tried and failed to take it over.

The Irish government owns 25% of Aer Lingus and would also have had to agree the deal.

Travel Weekly

Fred1new - 12 Jan 2015 13:01 - 264 of 466

Skinny,

Thank you.

How did you do that?

I was playing but gave up!

skinny - 12 Jan 2015 13:08 - 265 of 466

Fred, I'm not sure of the correct terminology, but what you were trying to post was not a static image, but a document,

I used 'IFRAME' to embed it into the posting.

Fred1new - 12 Jan 2015 13:54 - 266 of 466

Thanks.

Generally only use Barclays Charting for quick look.

But was quite impressed.

Tend to use Sharescope, because it started around about the time I started.


skinny - 13 Jan 2015 07:24 - 267 of 466

Jefferies International Buy 469.30 469.30 480.00 570.00 Reiterates

skinny - 14 Jan 2015 11:41 - 268 of 466

RBC Capital Markets Outperform 494.45 400.00 550.00 Reiterates

skinny - 20 Jan 2015 14:01 - 269 of 466

New high today @511p.

Fred1new - 20 Jan 2015 14:12 - 270 of 466

I am now worrying about the next low!


8-)

skinny - 23 Jan 2015 15:55 - 271 of 466

No excuse for posting this again!

Red-Arrows-display-with-the-British-Airw

jimmy b - 23 Jan 2015 16:01 - 272 of 466

I like this one better skinny .......


skinny - 23 Jan 2015 16:04 - 273 of 466

I can't top the Daily Mail! :-)

skinny - 26 Jan 2015 07:02 - 275 of 466

Possible Offer Update

Possible Offer Update


The Board of Directors of Aer Lingus (the "Board") confirms that it has received a revised proposal from International Consolidated Airlines Group, S.A. ("IAG") which values each Aer Lingus share at €2.55 comprising an all cash offer for the Company of €2.50 per share and a cash dividend of €0.05 per share (the "Revised Proposal"). The Revised Proposal remains conditional on, amongst other things, confirmatory due diligence, the recommendation of the Board of Aer Lingus and the receipt of irrevocable commitments from Ryanair Limited and the Minister for Finance of Ireland to accept the offer.

The Board is considering the Revised Proposal.

This statement is being made by Aer Lingus without the prior agreement or approval of IAG. There can be no certainty that any offer will be made nor as to the terms of any offer. Shareholders are strongly advised to take no action.

skinny - 26 Jan 2015 08:14 - 276 of 466

IAG Statement on possible cash offer for Aer Lingus

STATEMENT ON POSSIBLE CASH OFFER FOR AER LINGUS GROUP PLC ("AER LINGUS")

International Consolidated Airlines Group, SA ("IAG") confirms it has submitted an improved proposal to make an offer for Aer Lingus. The proposal consists of an offer of €2.55 per share, structured as a cash payment of €2.50 per share, payable upon completion, in addition to an ordinary dividend of €0.05 per share. The proposal is subject to certain pre-conditions.
There can be no certainty that any further proposal or offer will be forthcoming. A further statement will be made if and when appropriate.

skinny - 27 Jan 2015 07:02 - 277 of 466

Statement on possible cash offer for Aer Lingus Released 07:00 27-Jan-2015

STATEMENT ON POSSIBLE CASH OFFER FOR AER LINGUS GROUP PLC ("AER LINGUS")
International Consolidated Airlines Group, SA ("IAG") confirms it has submitted an improved proposal to make an offer for Aer Lingus. The proposal consists of an offer of €2.55 per share, structured as a cash payment of €2.50 per share, payable upon completion, in addition to an ordinary dividend of €0.05 per share. The proposal is subject to certain pre-conditions.
The Board of Aer Lingus has indicated to IAG that the financial terms of the proposal are at a level at which it would be willing to recommend to Aer Lingus shareholders, subject to being satisfied with the manner in which IAG proposes to address the interests of relevant parties. Accordingly the Board of Aer Lingus has granted IAG access to perform a limited period of confirmatory due diligence.
It is IAG's intention that under its ownership, Aer Lingus would:

§ operate as a separate business with its own brand, management and operations, continuing to provide connectivity to Ireland, while benefitting from the scale of being part of the larger IAG group;

§ join the oneworld alliance, of which British Airways and Iberia are key members; and

§ join the joint business that IAG operates over the North Atlantic with American Airlines, leveraging the natural traffic flows between Ireland and the US and the advantageous geographical position of Dublin for serving connecting flows.

IAG believes that the proposal would secure and strengthen Aer Lingus's brand and long term future within a successful and profitable European airline group, offering significant benefits to both Aer Lingus and its customers.

IAG recognises the importance of direct air services and air route connectivity for investment and tourism in Ireland and intends to engage with the Irish Government in order to secure its support for the transaction.

A further statement will be made if and when appropriate.
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