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Jet2 launches first flight from Liverpool John Lennon Airport.
https://www.bbc.co.uk/news/uk-england-merseyside-68673665
Jet 2 have announced that they will be opening their 12th base at Bournemouth Airport with the 1st flight due to depart to Tenerife 01 April 2025. 2 aircraft will initially be based there offering 27 flights per week. Great to hear of further expansion especially into a relatively wealthy, underserved catchment area.
Jet2 has exellent growth prospects for the foreseeable future and is backed by good NAV and a huge amount of cash pile.
So Jet2's EPS are 3 times more than EZJ from Sep. to Sep. 2023. EZJ shares are very good value but Jet2 are a bargain IMO.
EPS 2.01 is probably for trailing twelve months to Sep. 2023. If their year end was Sep. like Easyjet than Jet2 would have already reported EPS of £2.01 for 2023.
DYOR
How Fast Is Jet2 Growing Its Earnings Per Share?
"Over the last three years, Jet2 has grown earnings per share (EPS) at as impressive rate from a relatively low point, resulting in a three year percentage growth rate that isn't particularly indicative of expected future performance. Thus, it makes sense to focus on more recent growth rates, instead. In impressive fashion, Jet2's EPS grew from UK£0.95 to UK£2.01, over the previous 12 months."
https://simplywall.st/stocks/gb/transportation/aim-jet2/jet2-shares/news/if-eps-growth-is-important-to-you-jet2-lonjet2-presents-an-o
Well at a P/E of 10, that would suggest a hefty rise in share price up to that average broker forecast of £19. That would be very welcome! Who forecast £1.92??
Next trading statement could arrive any time in April. It came on 8th in 2022 and 20th in 2023. There's no fixed date so could come in the beginning of the month. Some brokers are forecasting earnings of 192p per share.
Analysts forecasts.
The average price target is 1,905.58p with a high forecast of 2,023.83p and a low forecast of 1,750.00p.
Easy mistake, the internet can be just one big recycling bin, this year will be a lot better to 2022 though.
I do think the market hasn't quite appreciated the net cash position here of approx £2bn. The enterprise value is around £1.2bn to the mark Cap of £3bn. I know they have forward liabilities etc but in 2019 the net cash was £68m - that's a massive difference.
Appologies old article republished this week by Yahoo . Very cheeky of them.
Still airlines are reporting much higher bookings this year than last .
Jet2 reported bookings rocketed by 30% on last week.
Holiday bookings rocket after Covid tests for vaccinated travellers axed from February 11.
https://uk.movies.yahoo.com/movies/holiday-bookings-rocket-covid-tests-163504871.html
Nice - thanks. Here's the headline and the conclusion:
"A low-cost airline at a bargain price
Its emergence as the UK's biggest tour operator and its popularity among its customers only enhances the investment case, and it's time to take advantage"
"Jet2 is forecasting pre-tax profit before currency movements of between £510mn and £525mn this year, which would be almost double its pre-pandemic peak and an increase of more than 30 per cent on last year. Cash is also abundant, with net cash (excluding leases) rising by 46 per cent to £1.82bn in the first half of FY2024.
And yet over the past 12 months, Jet2’s share price has only edged up by 5 per cent. Little wonder, then, that it recently popped up on the IC’s Alpha screen looking for UK Aim companies offering growth at reasonable price."
Https://www.investorschronicle.co.uk/ideas/2024/03/07/a-low-cost-airline-at-a-bargain-price/
Jet2.com is the only UK airline to be named as a Which? Recommended Provider.
https://www.jet2plc.com/news/2024/02/Jet2_com_is_the_only_UK_airline_to_be_named_as_a_Which_Recommended_Provider_
And in top 10 citywire small cap article
https://citywire.com/new-model-adviser/news/top-investors-10-favourite-uk-small-cap-stocks-trounce-the-market/a2437247
Questor in the Telegraph are positive this morning:
Https://www.telegraph.co.uk/money/investing/stocks-shares/fever-tree-jet2-inheritance-tax-portfolio/
"Update: Jet2
While shares in Jet2 have doubled since they were added to our IHT portfolio in January 2018, they still have further room to run amid the prospect of an improving consumer outlook.
The travel company’s latest trading update, released last month, showed that it was making encouraging overall progress. A solid performance in winter 2023-24 bookings prompted a slight increase in financial guidance for the current year: the company now expects to generate pre-tax profits of between £510m and £525m, compared with previous guidance of £480m to £520m, as higher-margin package holidays account for a greater proportion of sales than in the previous year.
As for summer 2024 bookings, average load factors are currently 1.5 percentage points higher than at the same time last year. Although the number of package holiday customers is up 17pc year-on-year, they account for a similar proportion of overall bookings vis-a-vis the same point of the previous year.
The company also reported that it had taken delivery of five new aeroplanes, while six further aircraft are due to join its fleet before the end of 2025. They have the potential to reduce costs because they are more fuel-efficient than the aircraft they are replacing.
While annual or twice-yearly holidays are arguably a staple rather than discretionary item, Jet2 is still likely to benefit from an improving consumer outlook. Consumers may, for example, holiday more frequently or spend more on each holiday than in recent years.
Jet2’s shares trade at just eight times forecast earnings, so they continue to offer enormous capital growth potential and remain a core holding in our IHT portfolio."
"Strong and sustained demand for travel, in particular in leisure" Making 80% of their profits from package holidays, Jet2 is best placed to benefit.
From IAG results today
"Strong and sustained demand for travel, in particular in leisure"
A short added on the 15th feb ...dont like that
16s by May
Hopefully push on through £14 next week.
Sorry lemonade, but I don`t see airlines as risky. Much higher chance of being killed on the motorway driving to a wet and windy Cornwall.
Peel Hunt have a 2200p price target here and say Buy:
Https://citywire.com/investment-trust-insider/news/expert-view-close-brothers-standard-chartered-centrica-jet2-informa/a2436332?re=117430&refea=218441
"Jet2 flying high in Peel Hunt’s eyes
Airline and package holiday group Jet2 (JET2) continues to gain market share and the delivery of new aircraft will allow it to expand further, says Peel Hunt.
Analyst Alexander Paterson reiterated his ‘buy’ recommendation and target price of £22 on the Citywire Elite Companies A-rated stock, which added 2.6%, or 35p, to reach £13.61 on Thursday after the group lifted its guidance following resilient winter travel demand.
It bumped its full-year profit guidance to between £510m and £525m versus the previous expectation of £480m to £520m as demand in bookings remained strong.
‘Winter 2023/24 bookings have performed well, with sectors booked up 17% and average pricing for both flight-only and package holidays robust,’ said Paterson.
‘The mix of higher-margin package holidays has again increased slightly, to 60% for the inter period due to the resurgence in city breaks.’
Paterson said the company is ‘a well-invested, high-service customer proposition that continues to gain market share’.
‘Five new A321neo aircraft have been delivered on time, with a further six due by the end of full-year 2025, allowing the group to continue expanding in a capacity-constrained market,’ he said."