Member Info for ForeverNever

Sept 2021

BB why are you getting your knickers in a twist over this PCR test?

It's clear they want to get it done and have committed to end of Oct at the latest.

From the end of October, eligible fully vaccinated passengers and those with an approved vaccine from a select group of non-red countries will be able to replace their day 2 test with a cheaper lateral flow test, reducing the cost of tests on arrival into England. The government wants to introduce this by the end of October, aiming to have it in place for when people return from half-term breaks.

If they dont do it they will have egg on their face.

Fugazi1, people may start taking you more seriously when you understand the definition of a penny share!

News already announcing there has been a sudden surge in holiday bookings since update.
Everyone trying to get the last bit of European sunshine and / or winter holiday.

Have a good weekend all

News couldnt have got much better. We should fly next week.... pun intended!

I'll be pleased when all this carp about a rights issue is gone!
Tills are ringing and cash rolling in... end of the month we will get our answers, I'm sure of it.

Hint of a dividend?
Utter madness, never going to happen. The fact you are suggesting this means to me you dont know the company you are invested in.

There cash flow will significantly increase with the price of gas going up but they have pumps to install, Sancrai to possibly develop, another processing plant, 32 other identified areas to drill and lots more. All the cash will be going to expanding the business which most of they should be able to do with cash flow so not tapping up us investors.

Oh and not forgetting a possible acquisition that Auld hinted at!!

Things have to change at some point. Why not now?
All the right chatter and let's be honest all been a long time coming.

Sky News: https://news.sky.com/story/travel-latest-green-amber-and-red-list-to-be-updated-by-uk-government-this-week-12406937?inApp=true

Looks positive for travel!

Once you have accepted the rights then HL will automatically arrange the purchase on the 23rd. You just need to make sure the dough is in your account to buy em. Simples

Smithy, I get why there is pessimism from you side based on what's happened. But I think you are wrong.

As I mentioned I dont know anyone who has said they wont travel. I also have huge amounts to travel for business once travel opens up, so do many I know. Video calls are not the same. Yes there will be a reduction but not much and not what will affect easyjet.
Those 5m are probably 5mil who wont jump in a plane anyway for fear it will fall out the sky.
There is amble of space to make up for them. More people travelling more frequently for starters

Smithy, I dont know anyone who have said they will chnage their travel philosophy when restrictions are lifted. Also ezj capacity during the Summer was much better than I had hoped.

I believe the worst is behind us and as such fully taken up my rights and building a bigger position here. 1-2 years from now this will be much much higher.

All this time has allowed companies to review their Costa and streamline business. I am a firm believer recovery will do well and profits exceed precovid levels.

As with everything there are risks. A new strain of covid for example. However we are all doomed if this happens!!

Ryan Air look to capitalise over the next 5 years. Continue to upgrade aircraft and expand services. They seem very bullish travel will have a nice bounce. RNS out this morning

This is the reason ezj have raised funds, to capitalise on the bounce in demand.

Short term blip for long term growth. All good in my book. All these guys panicking about the SP need to relax. We are in probably the best position we have been for 18 months and a heap of the population wanting to go on holiday.

EZJN

Got mine through HL

That article is perfect timing against my theory... I'm going to guess its BB writing the story hahaha

BB, no it was a genuine question. I saw no specific reason and I dont sit on these boards reading each post all day.

You claim I have an alternative narrative yet some of the obscure things you post is absolutely fine? Are you now going to claim my post is trying to control the SP of a multi billion pound market cap??

It's a discussion page so why not in future treat it as such rather than your personal board..

I see you have now posted some comments. So let's try this again shall we.

I expect losses to have reduced. They had spent a considerable time consolidating debt repayments and deferring payments. Not only this but they had increased flights from July which wasnt included in the report. IAGs other airlines were doing quite well during the summer months. BA which is admittedly their biggest earner is still a little slow to get going due to travel restrictions

Just for clarify I am a holder. But I have some concerns:

Why start up a cheap airline especially now. It's going to cost too much. If if they insist in doing it why not expand a business model they have with one of the other groups airlines to the UK to do this. Also i use to fly BA quite a bit. They are not offering much more than a cheap airline now given they have taken away the free food in flight. I only fly for the avois points!

Next is we need Biden to open up. I'm not sure what he is playing at. Watched the tennis last night (well done Emma) and saw one person in the crowd with a mask.

And thirdly furlough ends, it's really helped BA and I'm sure this will have a short term impact whilst they assess the flight demand compared to staff levels.

Eitherway. I still maintain at the moment there will be no RI near term. Something like 7.7b euro is cash
Many people I know who missed out on holiday are looking for a BIG holiday next year and / or a nice winter break overseas to places like the French Alps. I have yet to meet anyone who has said they will chnage their habits on travelling overseas once things open up.

As for business. I am ready to go to the US qhen it opens up. Many in business feel it cannot be done on teams effectively. I guess it depends on the business you are in but many I speak to (not all) will be back in planes soon enough.

I have seen several comments on here about a possible raise. I'm slightly perplexed over why, can you please explain your logic to me, maybe I have missed something?

Some snippets from the last update:

Operating profit / loss:
Reported operating loss for the second quarter €967 million (2020 restated: operating loss €2,182 million) and operating loss before exceptional items €1,045 million (2020 restated: operating loss before exceptional items €1,370 million)
· Reported operating loss for the half year €2,035 million (2020 restated: operating loss €4,052 million), and operating loss before exceptional items €2,180 million (2020 restated: operating loss before exceptional items €1,915 million

Liquidity:
Cash of €7.7 billion at June 30, 2021 up €1.7 billion on December 31, 2020. Committed and undrawn general and aircraft facilities of €2.5 billion, bringing total liquidity to €10.2 billion, with pro forma liquidity including the British Airways sustainability-linked EETC financing executed in July at €10.8 billion

Result:
Based on the extensive modelling the Group has undertaken in light of the COVID-19 pandemic, including considering plausible but severe downside scenarios, the Directors have a reasonable expectation that the Group has sufficient liquidity for the going concern assessment period to December 31, 2022

Assuming nothing changes they are losing 1b per qtr. Now they have said they have enough for the assesssment till Dec 31 2022 which will likely see them 6b lighter off. I suspect by then though we will see more flights along with higher costs due to the end of furlough.

They will not want to go down to the wire so if we have no improvement I would expect to see a raise being requested end of spring / start of Summer next year.

Why are some expecting a raise so soon... just because another airline has?

Ok thanks. disappointing but I guess its market conditions. Very well times announcement to coincide with the RI news!

Let's see where this week leaves us. Better get some dry powder ready

Anyone with details of this takeover bid?
I'm interested to see where they pitched as interested parties will always test the waters first. I want to understand how likely they are to come back with a counter offer.

Good to see some excellent conversations going. So we all await the update end of month and see how things are going..
Personally I have been hoping the 70m will be covered by profits especially after Christmas revenue and hopefully addition growth from internet sales.

I'm happy not to take dividends until they find their feet.