On the point about political tensions and adverse effect on fuel prices, the pre-close statement from EZJ on 25 March said that 75% of fuel requirements hedged in year to Sept 2014 and 62% for following year (see below), which offers some considerable protection surely? At the same time, the comment in the market round-up in today's Daily Telegraph relating to IAG (" Airline analysts at HSBC were among those who spotted the opportunity presented by the latest rout and told clients to “never waste a good pull back” and snap up shares in IAG, the parent company of British Airways and Iberia. “We think the recent pull back in airline share prices... reflects reduced risk appetite in the stock market, but does not seem to be grounded in any change to industry or company prospects.” They upgraded their recommendation on IAG to “overweight”.") could probably apply equally well to EZJ http://www.telegraph.co.uk/finance/markets/marketreport/10771219/Market-report-Shares-bounce-in-wake-of-rout.html Hedging and costs easyJet's current hedging position is set out below: Percentage of anticipated requirement hedged Fuel requirement Six months to 30 September 2014 75% Average rate $974 m/t Full year ending 30 September 2014 76% Average rate $981 m/t Full year ending 30 September 2015 Average rate 62% $951 m/t
Does any one have any thoughts on comments on p.32 of the FT this morning? Investec Securities advising a buy ahead of interim earning due on May 13. "We expect the results to act as a catalyst for a positive share price rebound, notwithstanding the key risks of politcal tensions and an adverse knock-on effect on fuel pricing". They forcast 15% midterm annual earnings growth through market share gains and higher yeilds, as well as a 95.6p dividend in 2015.... Sounds positive to me. Comments / thoughts??
Scraped around to find a few bits and pieces to sell off this morning to top up here at 1617p. It looked a good opportunity. Been holding since soon after floated, but amazing to see that only two years ago I was buying at below 500p
after recent results and broker upgrade, the SP moved up another quid. I had just sold @ 1724p LOL looking to get back in sub 1600p. I re-reckoned that the new bottom was around 1680p and set a buy target @ 1690p which triggered yesterday and I got back in with 1.2% more shares after charges.
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