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It's just another case of rip off Britain. Food retailers and suppliers price gouging like they did during the start of the lockdown. There was all those strong statements from our useless politicians about taking strict action and yet nothing was done. The supermarkets are making massive profits, they first give the impression of there being shortages of some items, they don't stock many items on purpose, so when a week later they stock these items they are up by 20-30% and the consumers just take it. The worst of the bunch is the one starts with a T. They have been shamefacedly raising pricing by 30-40-50% over a few weeks. Last week bread was £1.20 and today it is £1.30. The price of a useless government without any balls is the reason that the British consumers have been taken for a ride and why inflation is so stubbornly high. There needs to windfall taxes on both the food retailers and the banks. This should then be used to offer interest tax relief for mortgage payers.
Been out since it first hit 500 a few months ago. I did this because I could see some bad news coming out of Ukraine and the way Sunak and the other European leaders were pretty much following the drum beat to all out war. With the banking issue and Ukraine still a major issue, I think this will edge lower over the next month until there is positive news about the number of bookings going into the summer. GLA, this share should really be in the 700s by now had it not been for the stupidity of Sunak and Co.
That was the Soviet Union,. As for Georgia that was an invasion to forestall an attempt to bring it into NATO thus creating a base under Russia's soft underbelly. Imagine who we would react if say, Scotland broke away and then wanted to let Russia use it's naval bases. Would we all be ok with that? If we are looking at history shall we bring up the countries that
we invaded in the last 150 years and the cultures we destroyed by our colonial policies? Back to Ukraine, Russians are a majority in Crimea and the areas annexed by Putin last year. In fact these areas were a part of Russia for hundreds of years before Kruschev gave them to Ukraine. Russia has a better right to these areas then the we have to the Falklands and we fought a bloody war to take them back. You are referencing the wrong period in history in my view, we are not in a 1939 situation, we are in a 1914 type situation with a slow drum beat to war with ever escalating acts which will eventually lead I fear to a mushroom cloud over most western capitals. The constant prodding of Putin and using the excuse that 'well he didn't use nuclear weapons the last time we escalated the war by giving Ukraine more and more weapons' will eventually lead to a stage where Putin see no option but to use nuclear weapons. If that happens then the daily ups and downs of this share price will be the least of our worries.
Did anyone listen to Nick Ferrari on LBC this morning? He was genuinely surprised that the callers and people emailing and texting in did not want us to give aircraft to Ukraine! Many called Zelenskyy a beggar! Shows just how out of touch those in the media are from public opinion.
I sold last month seeing that there is a strong likelihood of an escalation in Ukraine. The way the media has been towing the western governments' line without any question looks like we are headed for dangerous times. Sunak with his short man syndrome seems to want to act like a hard man prodding the Russian bear knowing that he has the USA to back him up. After tanks, the talk is of aircraft and this could be the red line that could see Putin retaliate. Aircraft would be the game changer that could turn the tide in Ukraine against the Russian forces and either Putin withdraws or faces a heavy defeat or he goes in more harder before the planes arrive. Which one would your put your money on? Mine is on Putin using the next 3-6 months to bringing in more deadlier weapons and going all out to win victory. Don't believe any of the media hype that Russians are losing in Ukraine, Putin has up to now been treating Ukraine with kid gloves, once they come off, I can see more sabre rattling and escalation which will hurt this share. The best outcome for this share would be a negotiated settlement with Ukraine accepting Crimea as Russian and some sort of autonomy for Russian speaking eastern Ukraine. But the pygmy politicians of the west seem hell bent on using the Russian invasion as a means to destroy Russia once and for all.
Just by views, feel free to agree or disagree.
Take away Ukraine, this share would be in the 800s easily by now.
My situation is slightly different for other holders. I need the money in a few months and if there is any incident which leads to the share revisiting the low 300s it would have put in a very difficult situation hence the reason I sold. I know that share is probably one with the most potential but like Scallop said, the rhetoric on Ukraine along with the arch war monger Boris's visit there a few days ago points to a risky situation. Boris is the guy who as PM scuppered any chance of peace talks last April-May which if they had been successful could have stopped some of the effects of the energy crisis.
Good luck all.
The share's had a good run up so sold up most of my holding.
Long term this share is a no brainer but given the news about Ukraine is concerning because the US and Germany will now be sending tanks to help Ukraine. This stupid decision which is nothing short of an open declaration of war could very well lead to some Russian retaliation which will affect travel share more than just the entire market. I fully expect more scare stories from the media about a possible nuclear exchange, also I don't trust the Ukrainians to not carry out a false flag operation which could inflame the situation more and hurt this share. The proof of this was the was the they tried to show that THEIR own missile was a Russian missile fired at Poland! Given the way that Germany has pretty much be bullied into making the decision to send tanks and the fact that German tanks being used in a war against Russia will definitely finish any hope of a diplomatic peace. Hence my decision to sell out all my holdings. I have full confidence the share will be higher by at least 50% if not more this time next year but between then and now is a long time and all the escalations by the west will affect this share. Good luck to all the holders but make you are aware of the risks now with the Ukraine situation.
DYOR and GLA !
Nice run up today especially in the last few hours, ordinarily there tends to be a sell up in the last hour as the weak hands lose their nerve and sell up. This didn't happen with EZY today so bodes well that most investors are confident that it will be a good trading statement tomorrow.
GLA
They raised Easyjet's price target from 360p to 410p!! Looks like Gavin is their chief analyst covering this airline!! Or they still need to try and help their hedge fund friends who are now caught with their pants down shorting the stock and need to get out.
https://invezz.com/news/2023/01/23/easyjet-share-price-forms-near-perfect-pattern-ahead-of-earnings/
DYOR as always.
Am I anyone else Gav?
Stille,
My thoughts as well. The media after playing havoc with Covid and then the Ukraine war are now playing the same game with the cost of living crisis. The amount of poverty porn we see on the TV is ridiculous. There was even a report on Sky news about some parents re-using soiled nappies! Really! I think the media is intent on giving worse cases to keep their ratings up. I do know people on benefits, I have not come across any of them in dire straits, they like others are making cuts to unnecessary purchases. The notable exception appears to be holidays which apart from the very poorest, no other section of society are cutting back on.
The stock market is always forward looking, perhaps 6-9 months in advance. So what we are seeing priced in now is a recession albeit shallow. If the trading update is good then the SP should rise over the next few months as more economic numbers come in such as inflation etc come out. Inflation looks like it is slowly coming down so the BoE will not need to raise interest rates over 6% as was expected just a few months ago. The consensus now is that at best there might be a 25 basis point rise and then a period of clam and as inflation comes down more then possibly even a cut later this year. The only spanner in the works could be the escalations that the western leaders seem intent on causing in Ukraine. Otherwise the other headwinds of Covid, Inflation, Recession are pretty much priced in now and fast becoming irrelevant.
Prime,
I think we will see more positive news coverage tomorrow and into the trading update. All good for the share.
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As others have pointed out, it doesn't make sense if you think it's a bad share then you are looking at a 10% gain so why didn't you get out last week? A few weeks ago you were claiming that you were waiting for the price to hit £4.10 and you would sell. So what convinced you to stay in? Let's be honest. Seems like you're invested at all.
As for your comments about Covid, yes it hit many investors and especially the airline and travel stocks but these are the very stocks that will see the most gain in percentage terms as the peak season for travel comes around later this year. A good trading update on the 25th will help them share into the 500s. Currently I'm up by 46% but looking to cash out at 100%.or more. I would say I have done a lot better in this share than you have (in your make believe world of share trading).
Wow, Gav is a wizz with the search button!
Ok yes, I did but in at around £6.09 in 2021, I sold at a loss around £5.40 when the market tanked because of the fake Omicron scare. I did say that it was a no brainer in Nov 2021 but not everyone is able to foresee a fake scare which tanks the market. You might notice that I was not around the board in the new year 2022. I got in again in both IAG and EZY but sold my IAG shares to be all in on EZY. My average is £3.78 and even after the loss I took in Dec 2021 I am still up around 46% up on my initial investment. Considering you got in at £4.10 and probably sold at the same price as you stated you would, I assume you are down taking into account share dealing costs?
Probably should easily push past £5 if the trading update is good. Fingers crossed they might also announce a takeover approach possibly from GAVIN!!
Since the Gavin has he sold, hasn't he sold saga. Just wondered what some of your price targets are to sell all or some of your shares. I'm holding until at least £6, which I am thinking we should see in march if not earlier and then will probably sell half my holdings and then wait for £6.50 or £7 to sell the rest.
Imagine if Gavin is actually a whale, he's de-ramping the share in order to get us to sell and push the SP down while he hoovers up the share on the cheap. Fast forward a few months and holding shares priced at £6 bought from the paper hands at £4 odd. He could be a master manipulator!