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They will be paid for by passengers an airbus 330 holds a hell of a lot more people than a 738 even with a first class which chanex as far as I know dont operate,plus they do need to replace the ageing gutsy 757s as much as I like travelling on them.
and also brings into parts of the world like Thailand,vietnam etc
Totally agree with you. Just a thought
Buying planes isn’t a sign of weakness. No one is forcing them to buy them. £1bn in cash at the bank, purchase of planes would be listed as an asset, more fuel efficient planes is an upside, growth of the business is what shareholders are looking for to increase business value.
I don’t think buying planes is the reason for the share price being where it is…..not sure what explains the drop to be honest.
Could be due to the fact rumour is 5/6A330’s are being bought. So how will they be paid for.
Hopefully it’s primed and ready to go, looking at the way it’s flatlined today. Here’s hoping.
With inflation dropping, booking at record highs, and core inflation also dropping, limit of base rate being set potentially lower, and this is still being held back.
They must be working overtime with the bots to hold this back today.
Very good call Copper3
My limited understanding of the last four days is that shorters encouraged by market makers have set off numerous automatic trades and now that we see ordinary trades now equalling the automatics , some order will return to the market and the price edge up toward £12 by end of the week. Yes still looking at £15 possible in next few months . Summer trading update and forecast for later year will help settle nerves.
Strikes at Gatwick effect all the competition but not Jet2
15k buy is not here or there but what I take from it that he has no plans to sell his shareholding at least in the short term.
Even if Meeson wasn't buying Shares magazine still thinks this is a buy even after last week's fall;
"Investors are wondering if Meeson will start to sell down his 18.3% stake in the business. As Jet2’s largest shareholder by a mile, it is natural to expect someone stepping down, and at his age, to want to crystallise some of the gains he’s made over the years. Shares suspects any disposal will be handled sensibly and that there will be no shortage of buyers to meet demand for Meeson’s shares should they become available. Which leads us to believe that Meeson’s planned departure
is a short-term bump for the share price, and one that has simply created a better buying opportunity than existed a week ago.
Still a buy for the long term."
If you knew him, you know its not about the money. he IS jet2.
Meeson knows a great investment when he sees one. Just because he is retiring he is still interested in his investments making money.
Hopefully this will be the catalyst for the shorts starting to close.
Onwards and upwards.
Shows what people know, far from selling down hes buying more.
Shorters have definitely got their paws all over this, after results last week these are being manipulated big style.
My limited understanding of the last four days is that shorters encouraged by market makers have set off numerous automatic trades and now that we see ordinary trades now equalling the automatics , some order will return to the market and the price edge up toward £12 by end of the week. Yes still looking at £15 possible in next few months . Summer trading update and forecast for later year will help settle nerves.
It’s going to go up. My target £18-22 in the next 12 months. No reason for us to be at near cash value other than the markets are holding it back. Look at TUI no way should they be near £6 more like £2 but the big players are pumping it to get out before TUI uk fold.
Don't understand why these dropped so much (due to Phil leaving) but did not regain quickly. Jet2 look the best airline in the UK for certain and their books are good. Should be over £12 by now.
Found another list but dont know date published,
39,305,000 18.31 % 623 M $
Silver Point Capital LP
15,435,584 7.190 % 245 M $
Gobi Investment Partners LP
11,206,363 5.220 % 178 M $
JPMorgan Asset Management (UK) Ltd.
6,845,578 3.189 % 108 M $
Artemis Investment Management LLP
6,317,319 2.943 % 100 M $
Artisan Partners LP
5,511,229 2.567 % 87 M $
Gobi Capital LLC
5,004,000 2.331 % 79 M $
Fidelity Management & Research Co. LLC
4,896,093 2.281 % 78 M $
Jupiter Asset Management Ltd.
4,219,847 1.966 % 67 M $
Ignis Investment Services Ltd.
4,077,032 1.899 % 65 M $
Good shout on Odey, they were trying to find other institutions to take up shares to try and keep an orderly market. They had 3.92% in Feb so would need to issue a TR-1 if they are now below 3%, may follow soon.
Yes very possible.
They have purchased enough to take them over the minimum 3% reporting threshold. Could have been just below that before though.
Position of share holders end of June.
Philip Meeson 18.31%
Silver Point Capital 5.92%
JP Morgan Asset Management 5.02%
Gobi Investment Partners 4.97%
Artisan Partners 4.07%
This information was last updated on 30 June 2023.
I believe that odey management had over 3 percent shares now gone maybe bought by Artemis ? But a buy anyway.
That 6.5M share trade from Artemis ... it looks like a buy to me as there is no previous position shown.
Anyone agree or disagree... ?
thanks
Thanks anon, always good to get people's opinions