Growing Evidence That The Upturn Is Upon Us
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I think it would be prudent to wait until the full details of the rescue out are released.
Keep your fingers crossed none of these city traders ever get a job flying an aircraft and are faced with an emergency situation, judging by the panic we are seeing here their solution would be to push every button on the panel and if that didn't work they'd jump out of the window
Keep your fingers crossed none of these city traders ever get a job flying an aircraft and are faced with an emergency situation, judging by the panic we are seeing here their solution would be to push every button on the panel and if that didn't work they'd jump out of the window
FTSE nibbling under 4000 - I want sirens and red lights NOW!
The post Sept 11th and the 2005 slowdown did not result in one quarter of the falls seen in airlines shareprice in the year to date.
Shareprice tells all.
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The post Sept 11th and the 2005 slowdown did not result in one quarter of the falls seen in airlines shareprice in the year to date.
Shareprice tells all.
WWW
3950 seen. Bunker doors closing...
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PPRuNe Handmaiden
It means I have had a pay rise. 
But on the same measure your husband has had an equal pay cut... any attempt to inject optimism will be ruthlessly quashed 
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It's up to the dizzy heights of 4016 and Grodon Broon is doing everything he can....he's confident this will see us through the crisis, i'm reassured 
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Grodon Broon is doing everything he can....he's confident this will see us through the crisis
I think we are in the capitulation stage, complete market surrender.
Green line is VERY long term trend.
Blue line is trend since 1985.
Red line is post 95 trend (ish).
Now, are we going back to 1985 growth rates or long term ones?
This evening (7pm London) the Lehman 'assets' get auctioned. We will find out how much they are worth. The morons who sold insurance on Lehmans bonds will get taken to the cleaners. The main parties are JP Morgan, Goldmans, and Morgan Stanley. They gambled that Lehmans would be bailed by the govt just like Bear Stearns and AIG.
Hundreds and hundreds of Billions.
Panic Mr Mannering, PANIC!
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Now, are we going back to 1985 growth rates or long term ones?
The insurance exposure is thought to be $400b in the US. I wonder how many underwriters can meet their commitments. Reminiscent of the Lloyd's names fiasco. Just on a bigger scale.
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Darkening skies
FT.com
More airlines have gone bust this year than after 9/11. International passenger growth keeps slowing, according to figures from Iata, the airlines’ association, although it has not plunged to the negative growth seen after the terrorist attacks – yet. The falling oil price, despite the strengthening dollar, provides the only consolation for an industry bracing itself for hard months ahead.
The spillover from the financial crisis is altering the landscape. Just look at British Airways: when its all-share merger with Spain’s Iberia was announced at the end of July, the expectation was that the Spanish would get around 33 per cent of the new entity. That was a reflection of both market capitalisation and traffic and revenue. But the crisis is shifting the balance of power. The premium passenger traffic that BA has been banking on fell 8.6 per cent in September and the forecast for the next few months is gloomy. Add to this BA’s massive pension deficit, which has been widening by the day and affects its valuation. BA’s woes have emboldened the Spanish. Caja Madrid, Iberia’s largest investor, is pushing for a 40 per cent stake in the new entity. A few weeks down the line, it could well demand a better ratio, even a merger of equals. BA’s shares have been falling considerably faster than Iberia’s, pushing the two companies’ market capitalisations towards convergence.
The Spanish airline has taken advantage of the low price to more than double its stake in BA to 7.3 per cent and is poised to increase it further. The positive view is that Iberia is buying BA shares to underline its commitment to the merger. Another is that Iberia might be sharpening its knives to launch a takeover of BA itself. Iata insists that mergers are the way forward in a difficult market. But it seems that as far as BA and Iberia is concerned, take-off is delayed.
FT.com
More airlines have gone bust this year than after 9/11. International passenger growth keeps slowing, according to figures from Iata, the airlines’ association, although it has not plunged to the negative growth seen after the terrorist attacks – yet. The falling oil price, despite the strengthening dollar, provides the only consolation for an industry bracing itself for hard months ahead.
The spillover from the financial crisis is altering the landscape. Just look at British Airways: when its all-share merger with Spain’s Iberia was announced at the end of July, the expectation was that the Spanish would get around 33 per cent of the new entity. That was a reflection of both market capitalisation and traffic and revenue. But the crisis is shifting the balance of power. The premium passenger traffic that BA has been banking on fell 8.6 per cent in September and the forecast for the next few months is gloomy. Add to this BA’s massive pension deficit, which has been widening by the day and affects its valuation. BA’s woes have emboldened the Spanish. Caja Madrid, Iberia’s largest investor, is pushing for a 40 per cent stake in the new entity. A few weeks down the line, it could well demand a better ratio, even a merger of equals. BA’s shares have been falling considerably faster than Iberia’s, pushing the two companies’ market capitalisations towards convergence.
The Spanish airline has taken advantage of the low price to more than double its stake in BA to 7.3 per cent and is poised to increase it further. The positive view is that Iberia is buying BA shares to underline its commitment to the merger. Another is that Iberia might be sharpening its knives to launch a takeover of BA itself. Iata insists that mergers are the way forward in a difficult market. But it seems that as far as BA and Iberia is concerned, take-off is delayed.
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We're all screwed 
HMS Britan has sunk, most of the sailors have jumped ship, only a handfull remain trying to refloat it and the life boat is a rubber dingy. The only comfort is everyone else has sunk too.
HMS Britan has sunk, most of the sailors have jumped ship, only a handfull remain trying to refloat it and the life boat is a rubber dingy. The only comfort is everyone else has sunk too.
Last edited by ChrisLKKB; 10th Oct 2008 at 16:46.
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Now then everyone, just remind me,
Is it 1 sheep or 2 for a barrel of beer?
And how many bags of potatoes will get you a wife?
At least the market in novelty toilet paper sheets won't grow old anytime soon
Is it 1 sheep or 2 for a barrel of beer?
And how many bags of potatoes will get you a wife?
At least the market in novelty toilet paper sheets won't grow old anytime soon
Don't joke. This is getting very very serious. Gold and Silver have plummeted in recent hours against all normal logic. The Dow was 14,000 pre-crunch and is flirting with a number starting with a 7 now. 10% off the FTSE in the blink of an eye this morning. The Lehman auction at less than 10%. Pound in freefall.
Not much makes sense. Its panic. LIBOR ** UP ** !
This could send perfectly good airlines under for reasons totally removed from their trading situation, product or brand.
Really, tins of beans and shotguns doesn't look quite so mental at the moment. Probably a very good time to buy some shares!
WWW
Not much makes sense. Its panic. LIBOR ** UP ** !
This could send perfectly good airlines under for reasons totally removed from their trading situation, product or brand.
Really, tins of beans and shotguns doesn't look quite so mental at the moment. Probably a very good time to buy some shares!
WWW
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Originally Posted by spinaker
Not quite Chris, the Lehman credit derivatives auction is on later, $400b worth. More exciting than eBay. 
This could make or break RBS I guess.
Originally Posted by DUXBY
Buy four new flats, get two free in Birmingham.
Oh dear things are bad.
Oh dear things are bad.
they must be if people are likely to consider buying a property in Brum. 