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The only research I've done is speaking to people who work there what research have you done!
The only research I've done is speaking to people who work there what research have you done!
Jet2 gave up cargo years ago do some basic research pls
Can it survive current conditions flying mainly cargo at the moment. I'm not too sure!
Easyjet closing 3 bases losing 700 jobs. I'm a hold on Jet 2 as there is too much uncertainty in this sector.
Roll on 2021/2022!!!!!!!!!!!!
jmc
The 1 billion you talk about has now gone was customer summer 20 money now all paid back so forget that for starters
Hence the borrowing
100 mil bank facility
Fowler Welch sale 90 mill
270 mill Equity raise
300 mill Co vid loan.
Over 1 billion in liabilities due soon
Its not looking good at the moment and growth will take 2 years if some sort of normal returns in spring 21 all imho
Jmc
Good post. It did dip below 2 during the day when Heapey bought. I know because my £2 buy order got triggered.
Since sold of course but still on on my radar as a good recovery share.
It dropped to 300 when the virus was a complete unknown and everyone was assuming a risk the company would go bust. In the 2020 annual report, the company have estimated that they can survive a no fly situation that lasted until August 21 - the situation now is nothing like it was back in March, so the share price shouldn't come close to retesting those lows.
If you do a reverse DCF, at 600p, the market is effectively saying that the 10 year+ free cash flow generation of the business is going to be ~77% less than it would have been based on the March 2020 annual report. Unless you think the business is going to go bust, 600p is a dirt cheap valuation. Here's the quote from the annual report on liquidity:
"Due to the level of uncertainty of how the operations of the business may emerge from the Covid-19 pandemic, the Directors also modelled a further “no fly” scenario through to 1 August 2021 to assess the liquidity position over the entire going concern period of at least 12 months from the date of signing of this report...The Directors concluded that given the combination of a closing cash balance of £1,387.5m at 31 March 2020, together with the additional actions taken to increase liquidity since the year end and the forecast monthly cash utilisation, the Group would have sufficient liquidity throughout this period."
It did dip in the low 2s on the day Heapey bought his shares. This imo is getting into bargain territory given the market share the company now has in the Uk. I know further setbacks will come but is that now priced in?
It dropped to 300 due to lockdown and speculation.... it certainly doesn't deserve to be double that given significant reduction in demand and increased operating costs. Further, continuation of many regions as no flight zones.. I would expect this to hit the 500's
bit of a dip today ,how many watching ,might see a dip as an opportunity to buy at lower share price
Hi
Thanks, I wish this would at least get to £10.
I am in here and amgo and a couple of others.
Jet 2 are making 100 pilots redundant due to covid : (
I'm sure they'll be back in employment before too long - covid can't last forever
Hi FB - seen you on AMGO : )
There's no news, no financial reports, 3 countries that Jet 2 fly to where you have to isolate when you return just announced.
As mark said below - it may be prudent to sit tight. i got in at 4.36 and holding until life gets back to normal and this thing gets back to where it should be which was around £19.50 this time last year.
GO AMGO : )
Who sees a price rise or fall tomorrow? Who would sell? My buying price was £6.50.
Dusty - Mark is the BB contributor that I respect.........So............. what he just said below : )
The thought within the industry is that if ( big if I know ) they did take this approach then they would like a well know name within the uk.
From trade article.
Is IAG going to launch a new low cost carrier?
British Airways has, of course, a substantial portfolio of slots at London Gatwick. It is only a year or so ago that it bulked up via the acquisition of the Monarch slots. Is it going to let them go?
easyJet, Wizz and Ryanair would be desperately keen to get their hands on these slots. Whilst British Airways seems to have decided that ‘point to point’ flying, without any connecting traffic, is no longer profitable, this has never worried the low cost carriers.
There is another option.
IAG could use this opportunity to launch its own low cost carrier from Gatwick. Branding is an issue, of course. LEVEL has been mostly shut down in recent months, apart from the Barcelona operation. Vueling is an option but the brand has a tarnished reputation. The Air Europa name will be available if IAG’s acquisition completes but the name doesn’t mean anything to travellers in the UK.
IAG could launch a new brand, but the middle of a pandemic is never a good time to do that. This leads to me think ….. how about Aer Lingus? The airline has a good reputation in the UK and is already a low cost operator in all but name on short-haul. I don’t think that UK customers would necessarily find it weird to book Aer Lingus to fly them from London to Palma.
Let’s see. Much will rest on how long the EU allows airlines to keep hold of their slots without operating any aircraft. There is an outside chance that the ‘use it or lose it’ rule will restart from the Winter season, launching in late October. Realistically it is more likely to be Summer 2021, which runs from the last week of March.
Would IAG be able to launch a new low cost carrier from scratch, ready to fly from March 2021? Does it even want to? Let’s see.
Dusty - plus you should know that this is a hold for the future anyway no matter what is said. It's not rocket science. Until Covid is sorted any stock that relies on people mingling is not going to fly anytime soon!!!!!!!
Dusty - you talking to me??? If so address me and expand on your opinion so I can shoot you down in "shytte" : )
So it's not a rumour is it you fool, its one person's opinion on a board
Stop talking shytte
Exodus - Hee Hee - you 2 - have a look at AMGO seriously. Do your own but this will go and when it goes...............
It’s a hold for me long term. Will add more if dropped to 650 on Monday.
Much better exodus. Post recommended :)
Alright Leas - calm yourself down!!! I'm on AMGO mainly - as should you be - and a knowledgeable individual whose posts I respect told me that DTG might be an attractive take over prospect as it fits their business model and criteria.
I am of the opinion that DTG won't be taken over and - as I have said before - I think Jet 2 will go from strength to strength AND will pinch flight slots from other airlines who are struggling.
I'm in this for the long haul - forgive the pun - and I realise it will take at least a year and a half to get back to normal BUT the sale of Fowler Welch and £176m raised on top of the £98m sale means this is a strong business with cash in the bank to ride out the storm.
Do you feel better now Leas??? Come on AMGO - you would love the aggression here : )