sorry when I say " current valuations" I am referring to the instantaneous valuations available on the rating market, not that the values are what the current SP should be presently, i.e. the current HSBC rating is at 1300p (which as you rightly point out reflects their viewpoint of what the SP will be months down the line).
I'm quite surprised (pleasantly) to see this get off to a bad start. The passenger numbers in the Times newspaper were reported really badly, "struggling" against the other budget airlines, what rubbish.
There is a huge spread on Rating SP values for EZJ at the moment - we are currently sat around what almost all of them consider the low values (exception of 1 broker).....most of the other value this between 1050 and 1300p!
Plus I don't believe the current valuations truly reflect the possibilities of Brexit turning as soft as it may do (if parliament get involved, or if the Tories being to pursue single market access via payments etc). "If" that happens I see this being rated… Read More
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