Member Info for DonutKing

Max run - I also hold Jet2 and since they announced a share buy back the share price has gone up about 30%. I’d love to see easyJet do the same think rather than increase the dividend…..

I’m holding on to both but will probably sell Jet2 when it goes north of £20….£7 minimum for easyJet.

Info is on the Live rns tab above. I’ve done a few calculations to multiply the number of shares bought with the average price paid to get to a rough £2m a day….some days only £1m, some days £2m+.

I think they announced £250m of buy backs, with (I could be wrong, but sure I read it somewhere) £120m of that this year. If that’s the case there’s another £80m to buy this year…..

So we’ve had 20 consecutive days of buy-backs, averaging roughly £2m a day - so about £40m of the total bought so far. The share price has gone up about 35% as they have mopped up these shares…….so, how much higher do we think this will go in the next month?

It certainly has been a great few days on this one. The slightest negative news or read across in the last 3 years has punished the share price, and as a fairly long term holder it’s been a painful ride. Feels like the share buy-back will continue to have a positive impact and another broker re-rating to £22 is (for what it’s actually worth) great to see.

Continued steady growth in seats/sales and an oil price that will hopefully stay around $60 for the next 6-12 months should mean a drop back should be avoided and continued upward trajectory will be seen.

I'd be keen to understand the financial impact of the bond repurchase. £300m+ is significant, is it from cash reserves or new borrowing?

Share price seems to be responding well though.....

Better than expected results and a strong Q4 from Air France-KLM is the trigger for the jump today, I believe.

This shouldn't be the reason for another fall today - you'd think it might bounce a little more. Anyone got any thoughts on today's drop?

Same resolution passed last year. Just gives them permission from shareholders, no commitment to actually action unfortunately……

Horse,

What is happening on the 19th Feb, I can’t find any annoucement/date anywhere?

Jefferies raises Jet2 price target to 2,200 (1,800) pence - 'buy'

If only this actually helped the share price……strong increase in their target price though.

Always nice to see insider confidence. £100k investment is not insignificant!

Does anyone expect to get an update soon or does the absence of the “normal” update at the end of last year mean we won’t get one in Jan/Feb either?

Thoughts?

Down to 2.5% now. I would love to understand what they are actually doing/achieving……

Interesting that with 3 weeks to go until we get the results, Qube has increased its short again. Only by a little, but still an increase.

I’d really like to know what they think they know at this point because I’m anticipating some strong numbers this time.

Thoughts?

Qube! Darn autocorrect…..

Reduced 0.12% to 0.76%…..

It MIGHT suite…..

Solomon,

It might not suite a short term desire from you to drive the share price higher, but surely it is better to avoid paying interest to banks and bond holder who would gladly offer the debt (for a chunky fee) and ultimately create more longer term value in the company.

It’s funny how people buy a property for £200k and are delighted 25 years later that it’s worth £400k without realising they’ve paid £250k in interest to a bank over the period.

When aircraft are purchased, it still creates a balance sheet asset (depreciating I accept) but in the event of a significant downturn in trading or financial markets it doesn’t create as much risk to the entire business as a load of debt would.

The value will flow through eventually into the share price, but I agree that higher dividends and investor buy-in through tracker funds if we were FTSE listed might have a short term benefit but if this was at the expense of increased debt and longer term risk, I’m not sure I want that.

Investing in airlines is unpredictable enough already!

Positive note here:

https://uk.finance.yahoo.com/news/package-holidays-put-jet2-shares-085855517.html?guccounter=1

I suspect cost to the company will significantly increase so they would need to feel there is an upside by switching.

Also, I read something about CGT and AIM businesses....I wonder if there are tax reasons/benefits for Mr Meeson as he slowly disposes of his shares....