We are very happy to welcome Atlantic Lithium CEO Vincent Mascolo #ALL #IRR, Cora Gold CEO Bert Monro #CORA and Valirx CEO Suzanne Dilly #VAL to our December Investor Webinar. Please register here.
London South East prides itself on its community spirit, and in order to keep the chat section problem free, we ask all members to follow these simple rules. In these rules, we refer to ourselves as "we", "us", "our". The user of the website is referred to as "you" and "your".
By posting on our share chat boards you are agreeing to the following:
The IP address of all posts is recorded to aid in enforcing these conditions. As a user you agree to any information you have entered being stored in a database. You agree that we have the right to remove, edit, move or close any topic or board at any time should we see fit. You agree that we have the right to remove any post without notice. You agree that we have the right to suspend your account without notice.
Please note some users may not behave properly and may post content that is misleading, untrue or offensive.
It is not possible for us to fully monitor all content all of the time but where we have actually received notice of any content that is potentially misleading, untrue, offensive, unlawful, infringes third party rights or is potentially in breach of these terms and conditions, then we will review such content, decide whether to remove it from this website and act accordingly.
Premium Members are members that have a premium subscription with London South East and have access to Premium Chat. You can subscribe here.
London South East does not endorse such members, and posts should not be construed as advice and represent the opinions of the authors, not those of London South East Ltd, or its affiliates.
Avocet - you all read my posts, you just dont like it because I keep calling it right! Time will tell ofcourse, but you are sat on a loss here, and it's only going to get worse. If your fellow rampers dont read my posts, its there loss!
Let's have some more wild predictions like you did over on the TUI board - surely you cant get it that wrong again, can you?
Smithy, must be frustrating for you that no one is reading your posts because nearly every one has you on filter. Poor little troll (-:
Jono - see you've been arguing with everyone on the IAG board too, looks like you are a proper clown!
Also see you are "heavily" invested in EZY/RYA/IAG - sorry for your loss........
And thanks to Brexit, Brits are selling up (for a loss) leaving there cheapo apartments in Tenergrief and returning to the UK.
A few oldies going to and from the Canaries every few months will not make up for the huge decrease in the market as a whole! And that's before any new potential lockdown or travel restrictions due to yet another surge in Covid case in the UK.
Man smithy you really are a clown. Since the beginning of the year the rules for Brits staying in EU countries have changed and non residents can only spend 90 consecutive days in a EU country. Now this means owners of property in the EU are making more trips than pre Brexit days. I am in the Canaries permanently at present and thousands of owners are pi??ed off about it but hey ho thanks to Brexit.
Some good debate yesterday whilst Norff and FTSE (same person) served yet another ban.
Looking like it's going to finish a very long way off 700 today as predicted by Norff in his latest comical prediction.
With the holidays now over, EZY are going to really struggle to get the flights filled. Lots of capacity cuts over the next few months
Forevernever - get with the times, your employer should stop wasting money on travel - business can be done from home now, it's been tried tested and proven.
As for holidays - numbers are well down and will remain so (for the reasons stated).
I can't speak about business travel,
but nearly all my friends are booking up next year , some are even thinking of booking a second holiday next year , although thats only a small percentage , I do think people are indeed wanting to get away for some sun , last year weather in England was ok , but this year it was awful , cannot comment on weather elsewhere in British isles as i didn't pay attention to it
not sure its all doom and gloom out there many things are returning to normal
Who are you referring to here? I assume it's your lonesome self as no one wants to go on holiday by themselves. Everyone I know is booking holidays and they are not holding back next year with more spending on their holidays to make up for lost time.
As for business. I'm flying again and most companies are allowing flights again. Video doesnt cut it in most circumstances we have all found out over the last couple of years.
All flights I have been on are pretty full, 85-95% capacity taken up.
I think a bit of sun is the last things on peoples mind - habits have changed, travel has become even more of a hassle than it was pre-pandemic. People do not want testing and jabs every 6 months just to go away to see the Yellow thing in the sky.
The bigger problem is business travel - they book late, pay high and or book the higher priced flexible tickets. Those people are not travelling in anywhere near the numbers they were, everyone works from home and conducts meetings via Zoom. That sector of the market is a HUGE loss!
If covid has taught us anything, it's that business can be conducted with anyone, anywhere, anytime using the wonders of the www.
new drivers [future buyers ] can be attributed to the fact that people were not having driving tests due to covid , many more learners on the road now , so that number could very well go up , also I expect more people to start going away on planes again due to the poor weather we so often have to endure , I personally want to have a holiday with more than 2 consecutive days of sunshine , but thats me
Moonman, some fair points -- but they don't stand up to scrutiny.
UK vehicle sales are down. Revenues are down. Diesel sales are down. Petrol sales are down. Vehicle production is down. New drivers (future buyers) are down. Vehicle mileage traveled per-vehicle is down (a lot). Coventry and Birmingham, the heart of the UK vehicle industry, is an economic wasteland.
Electric cars, for now, are rising (from a low base) because they are *subsidized* for billions and billions by (you) the taxpayer. It is an artificial market. My mate runs a recruitment firm -- he and his biz partner just got 2 Teslas on the business for (literally) half-price, subsidized by tens of thousands of pounds of free tax-cuts and free subsidies (free cash, basically, you hand to Tesla, in California). Free money. Free road tax. Free govt charging points. Free "fuel". You (and other taxpayers) are paying for my middle-class friend to swan around in a cheap new car :-)
And never underestimate the power of the green extremists. They are in charge now. They will push and push for higher airline taxes, plus a restriction on the number of flights (or miles) you can fly every year. The days of unlimited flying are over.
Where Birmingham and Coventry lead today, Hounslow, Gatwick, Luton and others are headed for tomorrow...
The price on Friday if it is not seven pounds does not matter with the
Money received from the share offer they are now priced at 8-10p ro 8-60p depending on if you sold your rights or took extra shares so at 6-17p today its when you intend to sell not price they are tomorrow we can all predict price like Smithy who said they would drop under 5 pounds investors invest their money and any advice on boards by people should only be taken for what they are the opinion of that poster and nothing else otherwise why would you take that advice might as well pop down to mcdonalds drive in and ask rhe person at the window what the price of EZJ Will be at Christmas after all their opinion is just as valid.
Skier1, my point was more about the psychological behaviour surrounding cars and driving than actual vehicle manufacturing numbers. Congestion is probably at its highest level than ever before so vehicle numbers and miles driven must be an issue. Once again though, my point was more about the fact that people will ***** and moan about fuel prices but in the end they just pay up or pay even more by purchasing a new electric car showing that an even higher amount of spending is indeed out there and can be found if the desire is there. I'm not in the slightest bit convinced about people being obsessed by the environmental argument either, I think that if we are being honest, most people pay lip service to it and want to be seen to be doing the right thing as long as it doesn't impact on their quality of life. For example, people are buying huge electric vehicles, Land Rovers, so called executives marques when base models of cheaper brands with less features are available, it is a status symbol over cost/environmental concerns. They continue to drive when they could walk or use public transport but will always come up with a reason why they are unable to walk or use public transport to justify their choice. This will apply to reasons given to still have their annual holidays. The same thing will apply to their 2 weeks in the sun too.
I don't claim to be 100% right on this but this is my take on things.
The whole sector has changed along with peoples habits- the market is smaller due to a number of reasons ; millions not vaccinated, people nervous to travel, business no longer sending staff away instead using Zoom/other tech.
The pre-pandemic numbers will never return, airlines must quickly adapt to the new trading conditions in order to try and return to having a viable model.
An ever increasing cost base will make it very challenging for any of the airlines to make money even when Covid is under control (which is years away)
Comparing cars with airlines is a surprisingly good comparison...
UK has just about the lowest car-ownership per-head in the entire developed world. UK vehicle manufacturing has plunged from no.2 in the world in 1951 to no.17 in 2021. UK vehicle production has collapsed -40% since 2016. UK car sales have plunged -50% since 2016. Total UK vehicle miles driven per-motorist have plunged -20% since 2001. UK is going post-car.
And post-aviation. Covid is the first nail in the aviation coffin. Green extremism will be the second. Metaverse the third. The UK aviation industry is shrinking.
Skier1, I actually disagree (respectfully of course!) I think that what the pandemic has done is to prove to people how much certain things, such as travel, were taken for granted. A human trait is to want what we can't have so I think that there is a massive pent up demand for travel, regardless of the cost. When people visit the cinema, they will spend the best part of £20 on popcorn, sweets and drink which they know deep down, could be purchased at a supermarket for a fiver. Equally, they go to the pub and spend £5 on a drink which could again be purchased in a supermarket for around a quarter of the price. My point? People are happy to pay well over the odds for something that they want, positive and negative spending and all that. Any rise in air passenger duty will not break people's plans for a holiday, they will simply factor that in as part of the price. Look at the currently price of motor fuel, has it led to a massive reduction in traffic? No, people are just paying it or paying out even more to buy an electric car which they perceive will save them a fortune in fuel but is probably costing them more in depreciation and actual purchase cost than if they had stuck with a combustion engined vehicle! 'But they are happy to pay more for the environmental benefits' I hear you cry, which proves that additional cash is still out there and also how many of those same people will never fly abroad on holiday again? Not many is my bet.
A lot of folks in denial here.
Heathrow has plunged from no.1 to no.22 in less than a decade. Luton is propped up by the taxpayer, like an old Soviet airport. RR share price has collapsed -70%. EZJ share price has already plunged by more than half. Green extremists are going to push in the future (never-ending) for always-higher airline taxes and consumer limits on annual flights taken per-person. Vaccine passports are going to create a two-tier society that excludes 10-20% of the population from flying. Younger people are going to take their holiday breaks in the 3D metaverse,not on a beach. The market is shrinking.
UK is going post-aviation. The golden era is over.
Pantherpat, I totally agree about any posts considered to be remotely critical (for critical, read 'thinking of any future issues that could affect EZJ') being drowned out by the manic brigade!!! As you say, what we need on here is informed views from both sides and not the incessant manic and depressive types who post day after day after day with the same stuff.
My own view on EZJ is that it'll recover far faster than the legacy Airlines who relied on business traffic and who still have much higher running costs. EZJ appeal to the '2 weeks in Spain', 'stag & hen party' and oaps/budget/youth/tightwad traveller types who largely seem to still have access to funds for recreational activities, just look at the volume of people who have gone back to pubs, clubs etc.
Time will tell of course!
I really don't think this is thought through, the share has not plunged by 60% when you consider RI, it's simply not true. The UK aviation infrastructures are second to none and although the UK should be very careful with its home grown companies like EZJ and has seriously hindered its recovery; aviation will not disappear in the UK. We are more than most depending on a strong aviation presence. The potential is huge and secured BUT not necessarily for British companies, this government is dangerously useless. Companies worldwide are buying aircrafts and have started hiring pilots everywhere, it's not to fly them empty or for free.
Very, very sad to see the decline of the UK aviation industry.
Heathrow in 2013 was the world's no.1 busiest airport... now, it is no.22 in 2021 and plunging fast! A stunning collapse.
Meanwhile, EZJ shares have plunged an incredible -60% since 2015 and continue to glow red most days.
UK is in post-aviation decline.
Like factories and mines before them, UK airports, airlines, and tourism firms are now dying.
Comment from people actually in the industry which might be useful for investors on this board is being drowned out by the peurile postings from northscot, attacking anyone who attempts to discuss actual issues and credible prospects for easyjet. The following Heathrow news story shows just how far the aviation is behind in terms of returning to 'normality'.
The boss of Heathrow Airport has warned air traffic may not recover completely until at least 2026 despite signs of huge pent up demand for travel. John Holland-Kaye told the BBC that Britain's busiest airport was still making losses even though international travel rules were easing.
He also hit back at the aviation regulator for limiting a rise in what it charges airlines for using Heathrow. Airlines at Heathrow make a good return and investors want the same, he said.
Mr Holland-Kaye said the airport was still only seeing passenger traffic at around 45% of 2019 levels. "It's definitely been a tough 18 months but we are starting to see the recovery coming through," he told the BBC's Today programme.
"Now all we need to see is stability in the travel rules, so people are confident of what we need to do and the airlines can build it into their systems." The airport has faced criticism about long queues and its ability to cope with a growth in passengers. But he said: "We are hiring people right now to make sure that across the airport we can meet the demand that is starting to come through.
"We're still at around 40% to 45% of the levels even on the busiest days of where we were back in 2019."
The debt and decrease in revenue will be crippling - I anticipate EZY making a loss until atleast 2026. Days of 300 million profit are very unlikely to ever be seen again. The world of travel has now changed forever
The recovery continues but costs are high and easy's debt is at record levels. This business once made £300m+ annually but with the loss of business customers (due to increased use of skype/zoom and pressure on business expenses generally) and higher charges from airports and fuel costs, what will be the annual level of profit when easy eventually gets back to 'normality'. My guess is that we are at least a year away from breakeven and then two years from now maybe half the profits that easy used to make (ie £150m). On a price/earnings basis that might suggest the market cap for the business could be 10-15 times earnings AFTER easy has proven it can get there. So maybe £4 in two years time. In the meantime, a slow decline to below that level.