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"Generally what USA does others will follow." Does that include rioting? :)
Good to see the gloomsters and doomsters disappearing as they were always going to do. Be good to think they have learnt something but it`s unlikely.
Sky news willie walsh considering legal challenge on quarantine plans
Hi folks thanks for the replys and the great info.Will stick with it.Rigz thanks for the info on fib.Couldnt have asked for more thanks again to all.
I think you also need to factor in that if it is ok to travel on a bus or underground train in as close a proximity then why can't you do the same on a flight. Most modern aircraft completely refresh the air onboard a plane every 5 minutes and there are complex filtration systems also involved.
They should all start re-registering their companies in Jersey or Guernsey or overseas to avoid paying any further taxes to HMG for they have offered little if any direct help to the ailines themselves.
Generally what USA does others will follow.
Jeff, Fib numbers are 990 then 1126 for starters
Vectura I agree on that one, although I've opted for the little more risky TLW as I feel the risk / reward is better
Could be worth a hold into the afternoon, i know historic movement isn't a full proof guide for the future, but i think the move in American Airlines Group after the US opened helped Easy along yesterday after 2:30pm. American Airlines was up 41% yesterday.
if you sell, where else are you going to find a big stable company with 50% share price growth in 6 months, possible less?
Agee. I got in at 677 and happy to hold. I also like Superdry (was a holder many years ago) and think they will do well too.
I am stuck with my shares and at home furloughed. I think the bump up in price reflects hope that there will be a V shaped economic recovery and that come July our flying programme will be stuffed with passengers desperate to get away.
Basilhope offers a more tech explanation and while his style of writing posts is eccentric he was a useful source of info on AMER. Momentum trading has pushed the sp up but is it sustainable against the cold hard facts? At some point the market might see the Q2/3 results and realise that the airline is not going to bounce back in 2020.
If you are willing to hold for a few years then now is perhaps not a bad time to trickle invest but DYOR.
Morning folks what a great start.Thinking of cashing out can any of you see this trading higher today.Be great to hear your thoughts
with easy jet flying over 900 pence and IAG over 300 pence
you can expect the oil stocks to follow the climb Higher
i expect BP to be flying at 425 pence soon
have a great weekend what a week
wish you were long shorters
For me, Easyjet a very good stable company which has been around for a long time and I’ve flown with over the last 15 years. Secured 600 million to support it through this difficult but temporary time and with the 3000 job cuts (as unfortunate as that is), the value to be had looking forward when it was around 500p was too good to ignore. I’ll double up at 1100 if it gets there soon and will step out then, looking to buy in again on any significant pull back. GLA
And there goes £9, just as Ventura and I predicted about a week ago.
Smithy and his doomsday predictions are nowhere in sight, nor should they be as he hasn't got a clue about investing based on what he said on this board !
Looking at this market today, just buy anything. It's all looking like it was in the dot com era
EZJ share price now within 5% of where it was in June 2019. EZJ only normally makes profits in calendar Q2 and Q3 and loses money in Q1 and Q4. Q2 has obviously been totally sacrificed. Fares for flights being offered in July and August - only a fraction of the usual timetable - are rock bottom. Most planes will still be grounded and those flying struggling to break even in Q3, followed by 6 months of more losses. They would have been unable to hedge the rock bottom fuel prices of recent months, unsure of fuel requirements and seen as a counter party risk by traders. The Board have done well to protect the company’s principal asset - ownership of 45% of Gatwick’s total slots.
I had a feeling we would get 9.20 but didn't expect it first thing this morning :)
Haha perhaps a bit over-eager but I've said it now so I'll stick with it! Let's see what the next few months bring
Sorry to jump in but the realty check IMO has to be said here - as I believe retail punters are getting played by a technical US squeeze before the market drop, using cyclicals boomed the share by Market clear out of shorts before a correction - As Alix Steel Bloomberg said the mad Dash for Trash - not saying Easyjet is that - far from it but why the on a whim ignoring fundamentals - this massive bewildering upswing - is Joe getting played ?. Why? Take stock of the facts
14 Quarantine introduced flight sent back to August - then see below copy RNS
In line with IATA projections, easyJet believes that the levels of market
demand seen in 2019 are not likely to be reached again until 2023.
Upon closure of all these funding initiatives, we expect to have generated
total additional liquidity of c.£2.0bn with our cash burn during grounding
being broadly in line with our estimates published in April.
April Assessment - This analysis has shown that we have sufficient cash reserves to remain liquid across a number of scenarios:
o During a 3-month grounding easyJet would use around £1.2bn in cash;
o During a 6-month grounding we would use around £2.2bn in cash;
o During a 9-month grounding we would use around £3.0bn in cash.
Data breach 9m customers forgotten in 6 seconds
Ryanair cost cutting aggressively $30 flights
Facing 15 months of losses (No 20 Summer) and Furlough scheme dwindles in 3 months time.
Capex $4.5bn - RI required and more debt = a Desert for future earnings,
PLus any RI will be contested with the former owner
yet Mkt Cap soaring, me thinks RI's are getting played here, as all those negatives can be brought back to the table in one days trading and HNY GLA sorry to be a Charlie but the Cara Torro - had enough. HN Last post.
Results out end of June will say it all with TU.
GLA - Not for me and too dangerous to short - this is a Mad Cap not Mid Cap - and new investors should not be caught up in the Jolly flying squad crap. This company has no income for 5 months. FFS ?? Played! for II's to get out that missed the March drop Methinks. Invesco dumped 5% 28th May .
Jonny, Id love to see this motor up to £11 but the airlines would not have hedged fuel at the low price because they did not know then how much they would use in the next 12 months and they still dont know today. Until they know capacity for next 12 months they cant hedge so they are at the mercy of the oil price. Saudis and opec know this and are rubbing their hands. They whole airline industry has this problem. Hence opecs game of shall we have a meeting or not and the move in oil today. One thing I would say is Id rather hold an airline than an operator like TUI
check out airline stocks today, from US today .
American airlines up 40 %, on opening up travel.
Barring a second global peak and travel going into lockdown again, EZJ and other airlines will recover and hold their SP as they have been doing. Won't go back to pre-covid levels quickly but is it too bold to predict a 75-80% recovery short-mid term? EZJ was trading at £15 a share before lockdown so I'm going to go with a prediction of ~£11 shorter term recovery.
Flights will be snapped up, we've seen the masses clammering for the beaches in the UK and across Europe as lockdown measures ease... Clark you mention a drop in oil prices which also feeds into my prediction as I'm sure most airliners have taken advantage as much as possible and stocked up on cheap fuel - especially low-cost airlines like EZJ where every penny counts.
It's a wild ride that's for sure...
The only thing I'll say is this. Warren Buffet sold all his airline stocks. Maybe he sold because he saw better opportunities elsewhere? I remember the banking crisis when he bought Bank of America and everyone said he was mad. Same thing again now he sold and stocks up 40%. Is he losing his mind? I think not yes airlines look great at the moment but what happens if oil continues its push higher to $60 or $80 totally different picture for airlines. Who ever thought oil would drop as low as it did, could easily and i think it will continue higher