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It’s been a tough year for International Consolidated Airlines Group (LSE: IAG). Being part of the aviation industry, it has seen consumer demand fall through the floor since the end of Q1. Even with some national lockdown restrictions lifted, reports show that demand for air travel is nowhere near where it needs to be for airlines to be optimistic. As a result, the IAG share price sits below 100p, having started the year above 250p.
In the latest development, the boss of British Airways (owned by IAG) is leaving with immediate effect. Alex Cruz’s departure follows Willie Walsh announcing he’s stepping down as head of the group shortly. The IAG share price has been choppy in the aftermath of the Cruz news, with it closing down 4% yesterday.
A share price reflecting reality
In a perfect world, the share price of a firm would reflect all public and private information
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Cineworld Group (LSE: CINE) has suffered more than most companies in the FTSE 250 since the Covid-19 crisis hit. The Cineworld share price has lost 87% of its value since the start of the year, while the index itself is down only 18%.
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The company’s plight has been brought to our attention again since the second wave of Covid-19 infections has been sweeping across the UK. This time, all of the UK’s Cineworld cinemas were closed in early October. But Cineworld is one of the world’s largest cinema operators. And late last year it was all set to buy out Canadian rival Cineplex in a $1.3bn deal. So there must be a recovery investment opportunity here, mustn’t there? Well, if you see
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BOSTON (Reuters) – Investment firm PrimeStone is pressing medical device maker LivaNova PLC LIVN.O to consider strategic options including selling parts of its business, refreshing its board and hiring a new finance chief, saying such steps could double its share price.
London-based PrimeStone said that years of underperformance required a new strategic direction and that the company should divest its Cardiopulmonary business, sell or close its Heart Valves business, and consider appointing a new board chairman and hiring a new chief financial officer, according to a letter the investment firm is sending to LivaNova’s board on Monday.
PrimeStone said in the letter, which was seen by Reuters, that LivaNova’s share price could “more than double to $100”, adding: “However, to get there, several changes need to take place.”
The investment firm is urging the company to focus on its Neuromodulation unit.
LivaNova did not immediately respond to a request for
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At around 520p, the easyJet (LSE: EZJ) share price looks cheap compared to its trading history. Indeed, at the beginning of the year, shares in the low-cost airline were changing hands for around 1,500p.
However, the airline group isn’t the same company it was at the beginning of 2020. As such, I believe it’s reasonable to say the business is worth significantly less today than it was at the beginning of the year.
easyJet share price declines
In fact, easyJet has had a horrible year. Lockdowns enforced to try and contain the spread of Covid-19 around the world effectively killed off international travel. Even though some limited activity has resumed in the past few months, many consumers are still too afraid to fly.
The company’s latest trading update shows the scale of the devastation. The group expects to report a pre-tax loss of between £815m and £845m in the year
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CleanSpark, Inc. (CLSK) claims to provide software as a service, physical controllers, and consultation services to renewable energy infrastructure. This allows the company to have a diverse range of tools and abilities to help a client create a suitable microgrid platform. However, the reality is CLSK’s microgrid business has not gained any traction, and we doubt it ever will.
CLSK was a former OTC traded stock and got uplisted to the Nasdaq on 1/24/20. CLSK has been trading between $2-$3 from early March until early July, which is a fraction of its current price, which closed at $10.40 on 10/7/20. We believe the reason for the rapid rise in share price is due to news flow with buzz words that attract retail investors, primarily regarding microgrids and electric vehicle batteries and charging stations, sectors that have become hot this quarter.
However, its business hasn’t generated significant revenues and its losses