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Pin to quick picksWizz Air Share News (WIZZ)

Share Price Information for Wizz Air (WIZZ)

London Stock Exchange
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Share Price: 2,420.00
Bid: 2,420.00
Ask: 2,422.00
Change: 6.00 (0.25%)
Spread: 2.00 (0.083%)
Open: 2,352.00
High: 2,498.00
Low: 2,350.00
Prev. Close: 2,414.00
WIZZ Live PriceLast checked at -

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Sunday share tips: Jet2, WizzAir, Bango

Sun, 30th Jul 2023 12:44

(Sharecast News) - The Sunday Times's Lucy Tobin's recommendation to readers was to switch out off Wizz Air and into Jet2.

Aviation was indeed booming and carriers expected to rebuild their margins back to their pre-Covid levels.

But some carriers, such as Wizz Air, were carrying an "awful" lot of debt, 41 new A321neo jets were set to join its balance sheet in 2024 and higher interest rates meant that it's "bubbling" cashflow would not make much of a dent in its debts.

Furthermore, as analysts at Liberum pointed out, its shares were trading at a premium versus rivals.

And the cost of living crisis would impact on the affordability of holidays.

Jet2 on the other reported full-year revenues that were 40% above their pre-pandemic level of £5bn and its load factor hit 90.5%.

It also had a strong balance sheet, decent liquidity and the shares remained below their £19 pre-Covid peak.

Jet2's clientele also tended to be older and with higher incomes than that of straight budget carriers, the company had a "far stronger" reputation and its management was in good hands, said Tobin.

The Financial Mail on Sunday's Midas column recommended shares of Bango, the digital payments and market technology outfit, to readers.

Bango's technology allowed customers to manage their subscriptions, whilst corporate clients found it easier to charge for their goods and could reach a larger number of potential buyers.

Its list of corporate clients included the likes of Amazon, Google, Microsoft, Vodafone, Samsung and America's AT&T.

In 2022, the company processed over £7bn-worth of payments across the globe.

And its addressable market was expected to continue growing.

During the previous year, consumers worldwide spent nearly £210bn on subscriptions and total expenditure was expected to rise past £450bn in the next three years.

"Bango shares are at £1.89, having been at more than £2.50 at the beginning of the year," Midas said.

"The fall reflects wider unease about technology stocks rather than Bango's own growth potential. Supportive brokers believe Bango shares could hit £3.15, as the subscription business expands and the group moves into profit. Buy."

More News
9 Aug 2023 12:37

Rising prices for travel do not appear to be curbing wanderlust

LONDON/CHICAGO/NEW YORK, Aug 9 (Reuters) - The post-pandemic travel boom and the high ticket prices that come with it show no signs of slowing well into next year, despite economic uncertainty and dwindling household savings.

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9 Aug 2023 05:01

Rising prices for travel do not appear to be curbing wanderlust

LONDON/CHICAGO/NEW YORK, Aug 9 (Reuters) - The post-pandemic travel boom and the high ticket prices that come with it show no signs of slowing well into next year, despite economic uncertainty and dwindling household savings.

Read more
4 Aug 2023 09:39

LONDON BROKER RATINGS: Jefferies raises John Wood to 'buy'

(Alliance News) - The following London-listed shares received analyst recommendations Friday morning and Thursday:

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3 Aug 2023 09:42

Wizz Air shares fall as supply snags hit capacity ambitions

Cuts H1 capacity growth forecast to 25% from 30%

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3 Aug 2023 09:07

Wizz Air shares hit by rising costs despite swing to quarterly profit

(Alliance News) - Wizz Air Holdings PLC on Thursday reported a big swing back to profit in the first quarter of its financial year, though its stock fell.

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3 Aug 2023 08:57

LONDON MARKET OPEN: FTSE 100 sinks as BoE interest rate decision looms

(Alliance News) - Stock prices in London opened lower on Thursday, as analysts nervously look ahead to an interest rate decision from the Bank of England.

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3 Aug 2023 07:49

LONDON BRIEFING: Rolls-Royce swings to profit; LSEG plans buyback

(Alliance News) - Stocks in London are called to open lower on Thursday, ahead of a busy day on the economic calendar, with a key interest rate decision from the Bank of England.

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3 Aug 2023 07:15

Wizz Air swings to Q1 profit on soaring demand; Cuts H1 ASK guidance

(Sharecast News) - Low-cost carrier Wizz Air swung to a first-quarter profit on the back of soaring demand for travel and record passenger numbers.

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2 Aug 2023 18:09

IN BRIEF: Wizz Air notes more than 20% oppose two AGM resolutions

Wizz Air Holdings PLC - Budapest-based budget airline - Says all resolutions were passed at its annual general meeting on Wednesday. But resolutions 2, 3 and 4 passed by a smaller margin, of 63% votes for, 74% and 74% respectively. Resolutions 2 and 3 related to approving the directors' remuneration report for the financial year that ended March 31 and to approve the policy set out in its financial 2023 annual report respectively. Resolution 4 was on approving certain amendments to the rules of the Wizz Air 'valuation creation plan'.

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2 Aug 2023 17:32

Airbus unveils order from Wizz Air for 75 A321neo jets

PARIS, Aug 2 (Reuters) - Airbus has won an order from Wizz Air for 75 additional A321neo aircraft, the European planemaker said on Wednesday.

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2 Aug 2023 17:08

Airbus unveils order for 75 A321neo jets from Wizz Air

PARIS, Aug 2 (Reuters) - Airbus said on Wednesday that it had won an order from Wizz Air for 75 additional A321neo aircraft.

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2 Aug 2023 08:53

Ryanair and Wizz Air post higher passenger numbers for month of July

(Alliance News) - Budget airlines Ryanair Holdings PLC and Wizz Air Holdings PLC on Tuesday said passenger traffic improved in July from a year before, with Wizz Air seeing a larger jump in numbers.

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2 Aug 2023 08:49

LONDON MARKET OPEN: Stocks slump after Fitch cuts US credit rating

(Alliance News) - Stock prices in London opened lower on Wednesday, following the same pattern as Asian markets which were sharply in the red.

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2 Aug 2023 07:50

LONDON BRIEFING: Taylor Wimpey profit falls; BAE Systems revenue up

(Alliance News) - Stocks in London are called to open lower on Wednesday, after Fitch's US rating downgrade caused Asian markets to fall sharply.

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2 Aug 2023 07:32

Ryanair, Wizz July passenger numbers soar on holiday demand

(Sharecast News) - Low cost airlines Ryanair and Wizz both reported a sharp jump in passenger numbers for July on strong summer holiday demand.

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