We would love to hear your thoughts about our site and services, please take our survey 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. 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.
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."
I don't think £19 a share is pathetic. Probably puts jet2 around fair value.
Airlines are extremely capital intensive and risky.
That gives the company a P/E of 8. Pathetic for a business showing such growth. Really think that the directors need to consider graduating from AIM even if it upsets some shareholders Inheritance tax planning.
Canaccord say Buy and have raised their target price to 1900p (from 1850p).
They've also raised their forecast for the year about to end to 167.2p EPS (from 160.3p).
A very positive update and a nice reaction in the share price. The whole travel sector is responding well too.
Nice - guidance for the year ending 31st March raised, with the mid-point PBT up nicely to £517.5m (from £500m).
Plus JET2 are "encouraged" by booking for this summer, with package holiday customers up 17%, load factors ahead and seat capacity up 12.5%.
13 February 2024, 06:58Source - Alliance News
Tui AG on Tuesday reported a ‘record’ performance in its financial first quarter, including its first-ever underlying profit in the traditionally slow period for travel operators.
The Hannover, Germany-based holiday firm operates Hotels & Resorts, Cruises, Markets & Airlines, and the Tui Musement tours and activities businesses under the Tui, Hapag-Lloyd and First Choice brands.
Tui is holding its annual general meeting on Tuesday, at which shareholders will be asked to approve its plan to delist from the London Stock Exchange, while upgrading to a ’Prime Standard’ listing in Frankfurt with inclusion on the MDAX index of German mid-cap stocks. The plan, announced early last month, is to achieve ‘centralisation of liquidity’ for Tui shares.
Its pretax loss narrowed to €103.1 million in the three months that ended December 31 from €272.6 million a year before, as revenue rose by 15% to a ‘record’ €4.30 billion from €3.75 billion.
Underlying earnings before interest and tax were €6.0 million, swung from a €153.0 million Ebit loss a year before.
In response the first-quarter performance, Tui on Tuesday reaffirmed its financial 2024 guidance of increasing underlying Ebit by at least 25%. In financial 2023, underlying Ebit was €977 million.
Tui also expects revenue to increase by at least 10% this year from €20.67 billion last year.
Sorry! Can someone please explain the RNS in English.
"Non-Executive Director, transferred 1,200,000 of the Company's guaranteed senior unsecured unrated convertible bonds due 2026 ("Convertible Bonds") on 14 December 2023, at 97 pence per Convertible Bond, to The MCMLXIII Fund, an FCA authorised fund, in exchange for shares in that fund."
So has he swapped his shares, or company debt... or something.... for a stake in a managed fund?
If yes, then so what?
thanks
M
If it doesn't come on Thursday this week, then it'll be inApril IMO.
Don't belief so this update will turn up Tomorrow,or Thursday good late volume today in crowd jumping in,, or jumping out ? Let's see tomorrow
I suspect not. Last years update was centred around communicating an expected profit outside of forecast, so needed to be done. If current forecast is in line with projections then they will wait until the end of April to give year end (to 31st March) update.
Are we expecting the trading update tomorrow? I was hoping it came through today. Good to see some positive results and market reaction to EasyJet’s update, let’s hope for more of the same here!
According to my calculations Jet2 likely to produce around 175p EPS for the year end March and well over 250p for the year end March 2025. Very cheap even in it's own sector IMO.
A great update from Easy jet today and they are presently up over 5%. 2024 is going to be the year for all of the airlines and travel companies. I think by the end of the year £13 is going to have looked a bargain. I work in the aviation Industry and I see daily how busy everyone is.
Nice report here on customer service.
https://travelweekly.co.uk/news/air/jet2holidays-ranked-highest-tourism-company-for-customer-service
TU came on 26th Jan. last year. It should come anytime now.
Trading update later this week?
Trading update due next week. Jet2 's extremely busy with a lot more destinations and flights this year, so hopefully it's going to be very positive update.
2236
Yeo another trying to buy on the cheap , gone for me too
Max_2 filtered
Live
LIVEHouthi missile hits US-owned ship off Yemen coast
Once these airbuses start getting delivered the cost per head to fly will drop,another plus
The trading update should be positive and I hope late bookings around Christmas for winter sun and summer 24 will give investors confidence of a really good year ahead.
It’s a shame that the sp should be a lot higher if not for all the constant external/global factors at hand. Plus I don’t think it’s totally recovered from when Philip Meeson stepped down. Here’s hoping though
January trading update should be coming in the next two weeks. It came on 26th last year.