Roundtable Discussion; The Future of Mineral Sands. Watch the video 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.
No Opinion
Brexit done, a trade Deal Done. Two vaccines being given, No real Brexit restrictions on airline travel. All looking good for Summer.
All airline Share Prices have started to rise and will rebound to their pre-COVID values.
This egg is over cooked, they ramped on vaccine and forgot about brexit them fools.
Price over cooked, needs to cool off
Experts saying that those stocks hit hardest such as airlines will see the biggest rebounds once vaccine sorted etc.
I suppose that is all pretty obvious but probably good time to load up on those stocks hardest hit as all will be well (eventually).
It's definitely not correct, probably just a syncing issue with Barclays. I have mine with HL and they're showing JET2 at the correct price.
Ive just looked at my Barclays share - it's showing at Jet2 but the shares are showing to be worth 1p - loss of over £8,200 surly this is not correct?
It’s now trading under Jet2 plc.
is there a reason this can't be traded this morning ?
i suppose now FW is officially gone we can concentrate on travel & toursim....is that good..?
To reinforce my point in comes Robert Peston:
https://www.itv.com/news/2020-09-14/how-serious-is-the-shortage-of-coronavirus-tests-asks-robert-peston
I think the government are getting it severely in the neck regarding their quarantine strategy for air travel but they are refusing to budge despite frequent protestations from airports and airlines and campaigns by the likes of The Telegraph. Testing has got to be the solution - reasons given for not implementing don't hold water and all the dither and delay, I believe, is due to a lack of testing capacity at the moment. Once they have this up-scaled testing capacity with the super-labs and latest round of tenders, travel will be enabled once more - many other countries have implemented weeks ago.
I spotted this in today's Telegraph, in an article about which businesses may be impacted by a second lockdown:
"Abby Glennie of Aberdeen Standard Investments, the fund house, said these companies [airlines] were likely to be hit again. She added that, while no travel company was immune, Dart Group, which owns Jet2, the budget airline, was in a stronger position than most thanks to its high cash reserves and lower debts."
16.35 last Friday £918k sell - I wonder what that's all about but not good!!!!!!
I'm glad you posted that Smudger - we need some positive sentiment. This is a fantastic company that have done extremely well considering the circumstances compared to others in a similar boat (or plane!). Still hugely undervalued but not sure how long it will be until we see a re-rate. This has to be longer hold for patient investors willing to take an element of risk for larger long-term reward.
Lovely to see blue on my screen today for this share.
They cancelled my flights to tfs. If they can't take a stand and give some credence that they'll actually fly, then few are going to trust them with a booking, even less so accept a credit note as opposed to cash. Sold all my holding as I see them being unwilling to fly the slots they got from Thomas Cook. In fact, they're starting to look like a Thomas Cook case
The issue is that, as of last week, Jet2 have cancelled all holidays to Spain for this summer, and have presumably started issuing refunds - I doubt many of those customers will be rebooking those holidays if Jet2 does decide to run routes to Spanish islands.
It just seems like the government are making this up as they go along, without any consultation with industry. And now we have to fly out empty planes to get customers back from Greece. The changes might help out with Winter 2020 though.
A little disappointing. So, we are more precise than before and allowing islands with direct flights to be considered separately from the mainland but a bit of a double edged sword. So, some places (7 Greek islands?) now added to quarantine list, but I assume some of the Spanish islands may be taken off the quarantine list.
Testing to be introduced in some way with shorter quarantine - but still no decision. I don't buy the 7% accuracy figure gov is quoting for first test. I'm sure PCR tests are far more accurate than that - they just don't have enough or they are too expensive.
Let's hope it's good so this and other airline shares get back to where they belong. Higher!
there is an announcement on international travel @3.30
Sunday Times: Government still considering airport testing.
https://www.thetimes.co.uk/edition/news/more-coronavirus-tests-considered-to-ease-quarantine-qjl0lxs9x
Sounds good. We just need UK gov to stop this quarantine fiasco (how do they know how many are actually quarantining anyway? - I suspect many don't really bother, especially if working from home anyway, as long as someone is in) - they will succumb to pressure to replace quarantine lottery with testing sooner or later - hopefully sooner.
Liabilities have been pushed back o recall? with 650 mill in the nnmbank today
And covid on the weakening curv imho less il needing hospital you could see over 10 before year end . Will also take more off tui so if covid allows a full season next your looking at £17 or more imho
Some promising news from today's update. Cash outflows total about £670.50m between end of March to end of August (£1,387.5m on 31/03/20, plus £172m from the equity issue, and £175m from the sale of Fowler Welch, less the £1,064m on 28/08/20). Booking for 2021 are ahead of 2019, with expectation that 2019 numbers will be hit for 2021.
The fact that package holidays have increased in the mix is very interesting, as I've often thought that the nightmare of Covid cancellations - trying to get your money back from multiple airlines/hotels/etc. - would drive more people to book everything in one place.
The negatives are that furlough is ending, numbers for winter 2020 are not great yet and the £300m will likely have to be drawn down to cover liabilities between Jan-Mar. This means we're looking at cash outflows of around £1,600m for 2020-2021 and probably breaking even for 2021-2022 FYs (as the CFF has to be repaid within 12 months). If cash flows recover strongly in 2022-2023 FY, then I'd say the present value of the share is abut £12, so a decent margin of safety at current levels for the patient investor.
I'm hoping for a trading update containing passenger numbers since restart and current cash position. Will be interesting to see whether they've dipped into the £300m yet as my working assumptions are that they shouldn't need it until December at the earliest.
Interestingly Ryanair have announced August passenger levels were down 50%ish YoY, which is pretty good in my view. Shows demand is there, even with quarantine chaos
AGM - This Thursday 3rd Sept - see what comes out of it!!!!!