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Both EZJ and IAG are 25 to 30% off their 52 wk highs and much lower than RYN and Wizz who are both a couple % of those highs. So very interesting plays for traders.
As previously posted months ago , when all the schools, EU and US are back (strange how both countries are suddenly ramping up jabs for those kids...) restrictions will further reduce by end of September. By this time 85% of developed nations populations will have been vaccinated. The other 15% will never get vaccinated. This all seems to very well planned.
Sentiment is changing globally and quickly with double vaccinations being the default if you want to fly, go out or go to work.
RI's, placings, bond issues and selling assets remain issues.
Scariants and scientists seem to have become invisible thankfully.
It was difficult very lately, from the usual outlets, to find information when this update was to happen. Convenient that they posted an update a day after Bridgepoint floated with the shares rising, in part, on the back of this succesful debut. Then rising again today on the strong update. Smart management or just a coincidence?
If you believe 3i's presentation from a few years ago then Action could well be achieving €10bn in sales well before long. Those amounts allow you to just keep growing.
All things being equal, Schapps Amber list statement will take effect September. Thats when the schools go back...most UK residents will be double vaccinated... so too will US citizens and of course EU will have caught up.
Worth the wait and the share price could appreciate from here if my interpretation is right.
Malpasso, agree. You only need to go to euro airports websites and check out the flight numbers to see whats arriving/departing to get a handle. Don't know the load factor or the effect on cash burn but they are in the air.
Good news futher is the UK govs updated green and future amber list. Getting there.
Breakthrough.
https://news.sky.com/story/covid-19-travel-restrictions-may-be-eased-for-britons-who-have-had-both-jabs-12334485
The bigger picture.
- IAG (Iberia, Vueling etc.) RYN, EZJ et al may be at least covering their costs with increasing inter EU fights. Its impossible to rule out a cash raise though but current share prices say not yet.
- Little short interest at present.
- Aeroports de Paris just made a 52 week high.
- AENA Spain just shy of 52 week high after having made one earlier.
- US passenger airport traffic 13/06/21 only 20% down 2019 figure. Wow. The other 20% are thinking about it or dead.
- US airlines between 7 and 20% off their 52 week highs achieved in March.
- UK air travel is being postponed just like the US and Europe were. Granted, both have massive inter euro/domestic routes to avail themselves to at present.
- UK citizens awash with cash.
- UK restrictions clearly now political but they have the power and us by the b**lls.
The likes of Sky and the newspapers sell a hell of a lot advertising through their mediums but not at the moment. Really hard to fathom why they put their own point of view, and those that support that view, before income.
Week-end publicity seeking weirdos, end of G7 and Monday's gov update catalysts for short term moves.
Negative news seems to be priced in so anything above is rocket fuel.
They are starting to be wheeled out in the media from this morning. Giving out the Gov's pre arranged message and softening us up for Monday's announcement. Same tactic as last travel green list update. Who knows...
Fugazi1 = A.smithy on EZJ/IAG boards.
Progress at last and leaving the UK as the last man standing.
https://www.reuters.com/world/us/us-cdc-eases-travel-recommendations-61-countries-including-japan-2021-06-08/
Points:
- UK more likely now to open up fully on 21/06 than not as a payback.
- More shares were bought than sold on both IAG and EZJ
- EZJ down 12.5% since last green list announcement. IAG 7%. Not good but not bad.
- Carnival Cruise Lines (CCL-GB) hit a 52 wk high today. Strange.
- Grant Schapps dosen't half love himself.
- Fungazi1 is A.Smithy on EZJ bb.
@Jtan
The Sun reported it just after mid-night based on the Nepal scariant. Radio 2 reported it at 7am but it was dropped from their bulletins at least until 11am. It is easier for politicians to answer questions after an organised 'leak' as they know whats coming and the general feeling out there.
It's beyond belief. After the long weekend, today , yet more scientists are popping up all over the media like mushrooms warning we should be wary of opening 21/06!
No deaths last 28 days (first time since March 20!) plus new infections down 8%. The spoken media don't even provide balance with the same amount of airtime given to others as to why we should open as expected.
Now they are saying lengthening hospital waiting lists are an excuse not to open because they might get longer!. FFS! Clutching at straws and deeply offensive to me with friends in the NHS.
Apart from the oxygen of publicity for these sub standard publicity mad scientists there is no good reason for not re-opening given nobody is dying or crawling to an overwhelmed hospital. That WAS the whole idea of lockdown.
Email your MP.
All the usual suspects 'scientists, experts' etc, being wheeled out in the media on a slow news long weekend.
They won't be happy until someone says 'you were right', 'fancy writing a book on this' with a big up front payment, a knighthood, invitation to become a NED on a pharmaceuticals board or everyone is dead.
Just to keep the negative news flow coming, BBC radio 2 reported this morning that Vietnam cases were increasing and then stated that 1% of their population had been vaccinated! No positive news such as that India's rate had now flat lined after a terrible couple of months.
See beyond the news.