Member Info for hawkwing81

Completely correct Des.
The government are throwing that much at this that companies are going to take advantage of it, this isn’t morally right but it’s the way it is. Just look at the company making use of the Furlough scheme, many don’t actually need it but it’s essentially free money

https://www.morningadvertiser.co.uk/Article/2020/04/23/Covid-19-impact-on-Loungers

Why are you posting an article that is 10 days old ??

Italy to open restaurants on 1st June.
Maybe it may be much more short lived than expected and talk of not opening until year is rubbish

there are two things that people will want to do, go out and socialise and go on holiday.
You have still got to remember that for the majority of people (not elderly and health condition) this virus is very mild, it won’t stop the average person getting back to normal.
In terms of jobs, I think the furlough scheme and mortgage holidays will ensure that people have money again and most still have jobs. Of course there will be a rise in unemployment, but bear in mind that the unemployment figure before the virus hit was very very low.
I think the government probably went in too high at 80%, most people aren’t spending money so will come out of this financially healthier than before it happened.
Business is starting again this week, I am not sure how as it’s against the government guidelines, but it’s happening.
Longer term, I can see a shift away from China, from many countries around the world. This could be great for our industries. Saying that, it needs to happen for the sake of our government and future governments as they are going to be pot less after the handouts.

They released an RNS yesterday at about 5pm.
They are a placing and also have secured money from the bank of needed. They have furloughed 99% of staff and directors on 50% pay. All of this, combined with the excellent lease agreements, mean that in a worse case scenario they have enough cash to carry on closed for 46 weeks.
That’s an incredible amount of time and simply won’t happen.
They are so well placed to bounce back quickly, they have got to be an excellent buy at this price...and that’s not ramping, its just looking at the business and figures as they are

Hopefully you are correct.
I am invested here too, shame about the big drop yesterday as it’s been pretty steady so far .
Can’t see any reason that this shouldn’t be heading up towards £3 once we can get back to normal.

All airlines have given their staff pay cuts. Many have used the government furlough scheme so that’s a 20% cut for most, and those that earn higher have come to an agreement to have their wages topped up to a % of normal basic salary.
Will flights start in June, probably not, I think all routes should be back up and running again at the end of summer period (September). Of course this is if we don’t get a 2nd wave or the immunity thing is wrong. If that’s the case, we need to hope that Oxford University scientists are correct in their prediction that they are 80% sure they will have a vaccine ready for production in September

Wuhan is different. They went into complete lockdown nearly straight away. The downside of this is that the virus didn’t spread so not many people have been exposed to the virus and can still get it. The same as with Denmark.
At least here we haven’t gone for a complete lockdown so although less people are catching the virus, people still are catching it which won’t be a bad thing as we come out of lockdown, we hope !

It was known last week about the 17th June date....

https://money-tourism.gr/en/jet2holidays-operations-will-not-re-commence-until-17th-of-june/

Jet2 are very well placed to get through this. One of the strongest cash reserves in the business, helped significantly by the government’s furlough scheme and a management team who really care about the business.

Jet2 were also helped by the fact that quite a few aircraft were leased in from Air Tanker, Titan etc. These have been given back so it’s an easy way of reducing capacity going forward without having your own aircraft sat around doing nothing.

You would have to think that Spain, Turkey, Greece, Canaries will want things back up and running as soon as possible. Tourism is their income and people aren’t earning out there. The good news is that it seems to be getting under control in Spain, we are behind Spain so hopefully when we are outside the other side and able to fly again, Spain will be ready to accept incoming tourism

I would be very wary of buying any stock that involves the travel industry at the minute. The outbreak in Tenerife is bad news and I don’t think anyone ever thought the corovirus would have any significant impact in Europe. The outbreak in Italy shows how quickly things can change.
Of course the share will bounce back when the virus had passed, and there will be no doubt a very good buying opportunity for people with money ready to throw at it.
The good news is Dart Group are financially in a very good place and can ride the storm, many other airlines won’t be so lucky unfortunately

You couldn’t be more wrong duster. A record number of people will be travelling with Jet2 this year. The company is an excellent financial position and wait for the results in a few months time, they will be exceptional

I would disagree HK. The thing that finished Thomas a Cook was the huge debt from loans the interest payments, coupled with not moving with the times and having a shocking reputation with customers.
I posted back last year that it was well known TC would be the next airline to go, it was known since Monarch ceased trading.
Look at TC compared to Jet2, Tui, EasyJet and Ryanair. TC has been failing for years where as the others have flourished, even in this time of low pound etc.

No, like I said they used other words and phrases. Have a look back over the last few.
The RNS couldn’t have been anymore positive. You can’t expect anymore than market expectations to be met in the current climate with the pound being so weak. It bodes extremely well for the future when the current mess of Brexit and the impending global recession are over.

There is always a warning at the end of a positive statement, go back over the last few and have a look. The important bit of the statement is that regarding the current financial year.....

“In our Leisure Travel business, the later booking trend as reported in our Preliminary Results Statement on 11 July 2019 has continued, with overall demand for both our Flight-Only offering and Package Holiday product continuing to strengthen. Encouragingly, package holiday customer numbers as a proportion of total departing customers have increased for summer 2019 to date.

Winter season forward bookings have yet to match our seat capacity growth, therefore pricing for both our leisure travel products will need to remain continually enticing.

Encouraging progress continues to be made at Fowler Welch, our Distribution & Logistics business, with new commercial wins improving the quality of revenue and operational excellence ensuring customer satisfaction.

With still some way to go in the Leisure Travel winter booking cycle, the Board remains optimistic that current market expectations for Group profit before foreign exchange revaluations and taxation for the year ending 31 March 2020 will be met”

Alamo....don’t forget bkkk and to a lesser extent Bluelight.
It wouldn’t surprise if they are the same person.

Why is anyone still invested here ? It’s complete and utter madness. You had chance to get out on Friday at 9p, you now have chance to get out over 5p. This WILL drop towards 3p and if the deal is rejected the company is finished and your shares won’t be worth 1p.
I really can’t understand why you would hold your shares in this scenario, may as well go and take your money to the local tip

There isn’t any results next week, they have been postponed.

The word is that the bids were so low for the airline (as I said they would be and was told people would be laughing in my face when they fetched a fortune), the banks take control of the airline and liquidate it.
Nothing left for share holders, game over. Well done those who took the advice Thursday night and got out yesterday morning above 9p

No, it won’t go anywhere near 20p. There was a chance to sell this morning at 9p, it’s now going on 30% lower than that but selling above 6p Could look an extremely wise move on Monday

It’s also worth noting that if ever there was a reason for ‘negative’ posts on here over the last few months, or I would say posts to give it balance, then this is it so readers just didn’t see ‘this will be worth £1’ etc