Member Info for Happyzone

Sounds like good news to me!!

Https://www.proactiveinvestors.co.uk/companies/news/1023873/flutter-entain-and-888-singing-in-the-rain-as-uk-gambling-spend-bounces-back-1023873.html

Considering it was a dire day for the markets, we did pretty well by the end of the day.

Wish I'd bought more first thing. Looking forward to the rest of the week following the positive results.

That's a strange kind of rise...!!

PHILDOWIE

Agreed. Hold on to RR, IAG should come good on results. Maybe have a look at 888... results 15 Aug and could be interesting after a year of turmoil. DYOR.

Yes, strange. I would have thought a continued upward trend for a while following yesterday's news.

I can only imagine the SP is being forced down as traders want these shares, knowing the potential of the company now.

I'm hanging on to mine! I'm pretty sure this will go up, not down.

Agreed. Came in at the high 70's and now sold at 189, so excellent profit in just a few months. No complaints!

If it drops enough this morning, I'll be back in for USA opening.

I just placed an upper limit order for a sale at 106p, not really expecting it to go through, only to see it snaffled up within minutes!

Is someone chasing after these shares??

Not complaining, but interesting to see how quickly the order was filled. Probably just coincidence, but fun anyway, especially at 28% profit in 5 days... :)

A nice large buy of circa £1m at the end of the day. Hopefully a positive sign for Monday...

Disappointed with the sudden drop due to the RNS.

I'd have hoped the SP would have risen on the release of this news as the board have undertaken their due diligence and taken the correct course of action, ie, probably not a wise idea to appoint a new board that is currently under criminal investigation!

Hey ho, another few months will go by to get back to where we were earlier today.

Same with Aviva. Share buy back scheme and all that appears to happen is the SP goes down. And there I was thinking the less shares there are in the public domain, the higher the share would go. Obviously not. I'm 20% down on Aviva and now expecting the same here...

Well the Dow is having a strong day at the moment, up 1.13%. Carnival is up 3.2% as I type, whereas in the UK we were up only 1.06% at the close of play today.

Could be another positive day tomorrow. :)

Hey Goldy!

Where did you get that info from?

Or is it just wishful thinking...?

I think I know which, having read the same on this board this time last week....

The Times today:

The consortium of activists who declared a 6.57 per cent stake in 888 Holdings last week have put themselves forward as a putative new management team.

It is understood that the consortium has nominated Kenny Alexander, 54, the former chief executive of GVC Holdings, now Entain, for the same job at 888, with Stephen Morana, 52, the former Betfair finance chief and a non-executive at Entain, taking over as finance director.

The mooted reshuffle put forward to Lord Mendelsohn, the William Hill owner’s interim executive chairman, would also involve the Labour peer handing over to Lee Feldman, 55, the erstwhile chairman of GVC.

A source close to FS Gaming Investments, the consortium, said it was now the second biggest shareholder in 888, behind the founding Shaked family’s 19 per cent. “We’ve put our money where our mouth is and now the ball’s in their court.”

Until the consortium intervened last week, shares in 888 had been languishing amid concerns over its approach to responsible gambling and the cost of the debt taken out to fund the £2 billion William Hill deal. Since last week, the shares are up 50 per cent, and last night they closed up just over 4p, or 4 per cent, at 106¾p.

The results are likely to be good, very good, post covid and the pent up desire to travel.

The share price is 25% of what it was pre-covid, and still only 60% of what it was at it's peak during covid.

I'm sure this is only the start...

Definite increase from 0.3% to 1% of share capital.

Well, Dogger, with the uncertainty removed I expect the price to rise today.
Let's see who calls it right.

I'm sure I heard somewhere that IAG were looking at EZJ...?

easyJet Trading Update for the six months ended 31 March 2023



easyJet improves its first half performance by >£120 million year on year and expects to exceed FY23 market expectations1, driven by network transformation, improved revenue capability and strong demand. Easter saw a robust operational performance with booking momentum continuing into summer

Continued revenue growth through Q2
Passengers2 +35% YoY
RPS +43% YoY
Load factor +10 ppts YoY
Ticket yield +31% YoY
Ancillary yield +16% YoY
Robust Easter operations
Around 1,600 flights per day
99.8% of planned flights operated despite impact from French ATC strikes
Strong bookings continue into summer 2023
Q3 Airline RPS expected to be around +20% YoY
easyJet holidays further upgrades growth expectations to c. 60% YoY
Capacity
H2 c.56m seats, c.9% increase YoY
Q3 Capacity c.26m - +7% YoY
Q4 capacity around pre-pandemic levels – network capacity +8% vs pre pandemic excluding Berlin rightsizing
Whilst we remain mindful of the uncertain macroeconomic outlook across the globe, based on current high levels of demand and strong bookings, easyJet anticipates exceeding current market profit expectations of £260 million for FY23


Summary

easyJet reduced its first half “seasonal” losses significantly year on year, driven by self-help measures including network optimisation, improved ancillary products, and a continued cost focus which allow us to fully benefit from strong levels of demand. Headline loss before tax for the first half is expected to be between £405 and £425 million. This result is despite challenges from elevated fuel prices, market wide inflation and costs associated with building resilience into the operation ahead of summer 2023.



easyJet has ramped up capacity throughout the quarter, growing 40% from January to March. This growth will continue into peak summer where easyJet will be back to around pre-pandemic levels of capacity, with the network seeing growth of around 8% when excluding the Berlin rightsizing. easyJet is fully resourced ahead of this ramp up after successfully completing its largest ever crew onboarding campaign. The attractiveness of easyJet’s brand continues to be a differentiator, with applications received being over 8 times the number of roles recruited.



Easter demand has been strong with around 1,600 flights operating on average per day with robust operational performance achieved. Capacity over Easter, in the UK, was back around pre pandemic levels, with strong demand and positive yield growth compared to Easter 2019. Disruption from French ATC strikes continued to be seen through April, though easyJet’s investment into resilience will help mitigate its impact.



easyJet holidays continues to benefit from strong UK demand, further upgrading its growth expectations to c.60% year on year (previously 50%). easyJet holidays is currently 80% sold for this summer.

I expect there will be an RNS first thing, between 7-8am.