RE: so far so good6 Jan 2022 12:34
Well my target for Easy J will be 900+ by spring as travel restrictions disappear and travel returns to normal [assuming no takeovers]
For IAG, I am expecting 170+ by the time the results are out, with a buy in for me around that time as long as it doesn't go above around 180. My logic is, concern over the results and loss of omicron era income will lead to speculation about RIs and cash flow, and keep investors light so the sp is depressed to the 180 level. Post results and assuming no accompanying RI, then quick fire buy in with a restoration target of April 2021, i.e looking at around 210-220 to take profits by spring. I know a lot of people would just rather believe there is no RI threat, but omicron has led to a big hit in income just as recovery was beginning. This, of course, applies to ALL airlines and big travel companies. Also by February, if I do buy and a RI suddenly lands, funds will be available to take the full allocation set the profit take target according to whatever the differential is. The only other travel related stock of interest to me is SSP. It is now lagging the sector and has some way to go to catch up, but my sell target is around the 450 mark but latter in the summer when footfall figures are strong.