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prussell
My greed got the better of me. Wider markets look overpriced which is causing me a little uncertainty. Today’s close with J2 speaks volumes.
Likewise stay safe and all the very best to holder here.
As per my earlier post, unlikely things happen, well in terms of J2 the price has risen 50p today in a hugely challenging market with ongoing issues with C19 vaccine supply, holidays recommencing in time for summer etc. Logic just left the building in disgrace!!! I came to my desk hoping to buy back my J2 shares at circa 1200p in current environment ....... hence Logic was sacked and has departed the building. J2 is a well managed business and has good cash resources after selling its frozen logistics business. When Flybe flew off J2 fought hard for their landing slots and I was told they wanted to increase their London airport slots as a real kickstarter as well as their successful Bristol gains. At the same time, a pal of mine is an aviation fuel delivery driver at BHX and he confirmed that J2 deliveries and contracts had significantly increased (pre C19 of course!) so the signs were good ..... then C19.
Leas, agree with your thoughts on J2, another great transport stock which has given me a good ride 9did you see what i did there!!) was National Express. Great businesses in USA and Spain not just UK coaches (20%). I got in at 112p at start of C19 travel issues and it has touched 270p lately, but IMHO its a return to 350p and above when C19 impact reduces and we all want to catch the coach to Bognor, or fly J2 to Benidorm!! Stay well everyone.......
It may test 1275 which was resistance previously.
If it goes up then 1340, 1391 is my next target.
dyor
https://www.travelweekly.co.uk/articles/399278/spain-better-prepared-for-tourism-when-70-vaccinated
Spain’s minister for tourism says the country hopes to welcome international visitors by the end of the spring.
Reyes Maroto issued a statement after national newspapers picked up on comments at the UNWTO’s executive council by Spanish prime minister Pedro Sanchez, pictured, who suggested the country would be “better prepared” at the end of the summer – when he expects 70% of the population to be vaccinated.
Tourism minister Maroto said efforts are being focused on controlling the pandemic, speeding up the vaccination process and guaranteeing the safety of tourists.
She said the Spanish Government wanted to receive international tourists as soon as possible noting that the rollout of vaccines in Europe offered hope.
“Our priority in 2021 is to reactivate tourism and resume safe mobility on a global scale as soon as possible,” Maroto said. “We are working to adopt a common framework of a series of planned actions to give confidence to tourists.
I think a lot of the larger hotels in Europe will be considering whether or not to open. Not sure what the start up costs will be before they may a profit but I cannot see a quiet season making it viable for them. Rentals and small hotels should be ok I guess if travel restrictions ease.
That said, the market id forward thinking and positive news certainly moves the sp up faster than it falls.
I think this will drop along with EasyJet and Ryanair. Reason being that the U.K. is doing great with its vaccination program but the rest of Europe is 3 months behind us. So UK will potentially be ready to fly from April / May onwards but where are we going to fly to?? If Europe isn’t able to accept visitors until September that’s the summer season lost and I don’t know whether Jet2’s finances have that covered?
Anapa
I was not predicting the sp to drop as low as £10 but that was the price I sold at after buying at £1.98. I am hoping to get back in as close to that as possible but waiting a little longer as I think the markets are overvalued. If that price is under £12 then great but market sentiment is making most shares volatile.
I am not sure where these guys pluck the random numbers from!!
Have checked the charts? Have you checked support/resistance levels?
I don’t think current hotel travel quarantine affects j2 at all. First of all most of J2 ‘s flights/holiday destinations are in EU. Also all their flights are grounded until end of March.
It is still very cheap, it needs to cross 1283 which I think it will do tomorrow. Then it should March to 14-1500 in few days.
Dyor
prussell
I originally bought and sold J2 banking a very good profit. The company is imo the best positioned travel company to recover (and some) when overseas holidays begin.
Despite the sp being down today, it has shown some resilience but like you hoping to get as Clise to £10 as possible. If not then such is life.
My understanding is the CCFF is still untouched and hopefully that will remain the same as negative news turns positive.
To TheThinker, woww! A forecast of 800-1000p looks unlikely, but as we have all seen, unlikely happens. My niece works at J2 and confirms she believes they are a well run company, which many belived also based on SP heights of 1970p in 2019. I bought in at 466p and held until recently but sold and pourchased Tesco, also at a very good 219p (touched 250p this week) and has a special divi of 51p in Feb, so J2 was a good profit spring into another decent profit spring which I hope TSCO will be. I didnt want to sell J2 but also didnt want to be sentimental in holding and it had done its job for the time being. I do hope to get back in as I strongly believe that pubs, travel, hospitality, holidays etc will be strong recoveries over 12 months. I want to buy back in to J2 but not at 1250-1300 levels as there could be bigger dips ahead, so will watch with interest with "cash on the hip". I dont see 1100p re-appearing, as soon as it touched 1180p then demand picked up, but I would get in at circa 1150 levels as by end 2022 I see close to 2000p.
* today at 1248
It has bounced off strongly from 1200 to 1250 area and headed back to 1500s to make new HH.
I have bought yesterday at 1186 and today at around 1148 and planning to hold for another run to 1500.
Dyor
Watching this share for some time I could not believe the hump which occurred between Nov and now (many shares are exhibiting this hump which in my opinion is artificial). I really like JET2 holidays and wish them well but unfortunately I predict a drop to between 800 and 1000p based on a rising lower support line formed just prior to covid. IF they survive (and I sincerely hope they do) I predict a steady rise from July onwards through the 1250p mean towards 1500p levels and above in 2021 Q4. This business sector and associated engineering and support businesses urgently need a coherent vaccine passport policy which requires WHO to step up and lead from the front with a joined up approach with all nations signing up or many operators will sadly go under. GLA