The share price of Intercontinental Airlines (IAG) looks to be about as high as it has been since last April and perhaps heading further back up towards the February peak of 457p? If that were to prove to be the case then there is another 7% upside to come. But is it?
Hello Share Shapers. When British Airways attracted Spaniards a few years ago and became International Consolidated Airlines Group (IAG), I kind of lost track of my holding.
It would appear that inside the callousness and murderous propensities of the latest Islamic terrorist group ISIS, there seems to be some kind of business like brain. We were first alerted to that by the FT, when it published its last annual report for its financial donors and backers evidently in the Gulf and Saudi Arabia. But could a surprise beneficiary of the militants’ entrepreneurialism be International Airline Group (IAG)?
Just over three months, ago I added IAG (owner of British Airways) to my shares to buy list at 375p. I did so with some reluctance because the shares, up to that point, had risen massively from the ashes of the 2012 results. Part of the explanation for liking BA shares then, were signs of the bedding down the troublesome industrial and political relations of IBERIA.
It is old wisdom not to chase a share – unless of course you have well worked out reasons for doing so. International Continental Airline Group (IAG) - the old BA and Iberia is a case in point. The shares, as they say, have been flying. In my experience, it is safest boarding this equity when it’s closer to the ground. But International shares have risen a massive 119% over a year when the FTSE100 Index has only managed to improve about 15%.
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