Member Info for Crystal_Balls

The below is more like the truth IMO - what would you do if a load of Pilots didn't want to take a pay cut!

'The language used by union rep Martin Entwisle is stark.
However his presentation to fellow pilots at Easyjet, which was recorded and leaked to the BBC, is a pitch.
EasyJet and Balpa were, at the time, in the process of thrashing out a deal to mitigate redundancies.
After a prior meeting with Easyjet management, Mr Entwisle's overall message to colleagues is that these are such extreme times, that a deal, which would have seemed inconceivable six months ago, is their best bet.
The recording does shine a light on just how bleak this winter will be for Easyjet.
But there is nothing to suggest that the airline's predicament is any worse than that of any of its competitors.
Every airline has been burning cash for months and no-one can say when international travel will truly recover.
They've all restructured and flight schedules have been dramatically scaled back in the short to medium term.
It is vital for all of them that, by next summer, the situation has dramatically improved.'

The airline, which recently took the decision to close its Newcastle International Airport base and end its international flights from the North East, made the statement following a leaked recording where union official Martin Entwistle said EasyJet is in a "really dire" situation after he met with financial officer Andrew Findlay

EasyJet said that the recording "does not reflect" the views of the company or Mr Findlay, and that it would be taking a "prudent approach to capacity" over the winter.

In a statement, the company said: "The recording does not reflect what easyJet or its chief financial officer said.

We have been clear the whole industry has been impacted by the pandemic. However, EasyJet has taken a prudent approach to capacity and the right actions on cash preservation.
"The airline continues to keep all liquidity options under review, but no decisions have been taken.

Tactics used to scare the unions into accepting reality!
Sure the price will drop temporarily - irresponsible journalism IMO - article also says no reason to believe EZJ is in worse position than any other airline - those predicting a £1 for the share price should be reported and banned! This always happens on forums when people smell blood - it’s human nature unfortunately. Others lose unnecessarily.

In my experience of this kind of rise it’s usually a three session thing - it achieves the first day high on the 3rd session so if you’re selling.... Personally I’m waiting for another divi or two! GLA
Hope the treasury are selling a few!

Ok I take it all back that was brilliant from BARC! Mr Bramson won’t be pleased!

I think you’re exactly right! Ross Mc doesn’t care now and he’s been overly prudent to kick Mrs Rose off to stellar results in Feb! Why is it that we can never match the investment banking performance of the American banks - Barclays included!

Glued to it’s support level. Pleased it’s not the next one down!

The drop is likely because there’s always a faction who are in the know (Isn’t that insider trading) and perhaps it’s some bad news. There’s often a pullback in the share price after even good results. I can’t be bothered to try and trade this situation anymore because on the odd occasion you lose big time. It’s better to buy a few more at the bottom of the dip! GLA

Going to have to hedge this one 10-20% - just hoping for a little spike before the end!

JP Morgan sound the bell of doom for RBS! (And most Brit banks)

I was thinking sub 200 for at least a year or so until chinks of light appear in the economy - just hoping its not sub sub 200! and there isn't a world recession earlier than predicted. GLA.

Wow this is looking like one hell of a fall after 15th!! New appointment hasn't added much positivity!

No but it’s been punching above it’s weight. IMHO.

Makes perfect sense to me having watched markets for 30 years. It’s the outlook that matters not the results. GB government, Trump, Brexit!!!

The price last year seemed to drop by only about half of the initial run-up (but that was last year!) and perhaps all the recent buying isn’t just the divi.
I guess others excluding II’s but including PI’s might use the divi to buy back.
I’m not sure it’s going to retract massively. GLA

Not looking good this morning - wind of bad results - government sale? Any ideas?

Thanks - guy on another board seemed to think it was being sorted to sh#t.

Does anyone know how much this is being shorted at mo?
Sorry being lazy.

Damn was hoping for another major dip to buy last tranche - probably won’t happen now!

Was hoping for another big retraction to buy some more!
Doesn’t look likely now - will grind up with a bit of range trading until the spring come a favourable Brexit and a possible Trump second term (?!?!?) I expect.
GLA short or long.