Member Info for JackieDab

EasyJet ~ £610m

Ryanair - £1.57m

About 2.6x higher

Market Cap

easyJet £4.38bn

Ryanair £19.68bn

About 4.5x higher

Nothing sinister i think in not having an update - simply there is no real news. easyJet on target with Full Year forecast - so why go out with a trading update that can be mis-interpreted ahead of FY results. Just puts pressure on internal teams and leaves questions out there that they can't answer until FY results are available.

@cevodniya - i'm not sure EJ will release a trading update this year - but likely means results are in line with market expectations. We'll know in the next few weeks though :D

Whilst i'm +ve on EZY - i don't think we'll see £10 (and certainly not £14) for a long while.

When easyJet shares were at their peak (£15.70ish) - the market cap of the business was a touch over £7bn. With the dilution if we returned to those heady heights the shareprice would sit at £9.50ish. Maybe with a couple of years of £750m+ PBT we could start to breach those £10 barriers...but don't think thats in the next 12-18 months. However, I think with a good set of financial results this year (limited disruption and positive onward sales for FY25) i think £7 is very, very achievable.

Dont forget the rights issue. This means £16/share is going to be a lot harder to get back to.

I'm interested in views as to where easyjets share price could rise to in the next 18 months.

With the rights issue, i don't think £15 (pre-covid) or close is acheivable again in the medium-term. With market cap of £4.33 billion meaning a share price of £5.70... how big will the business get.

I can't see much past a PBT of £600m in the next 18 months, and so a market cap of around £6bn(rough 10x earnings) - this would still mean a share price of £8ish.

Thoughts?

Love the quote in the daily mail article

"Reacting to the data, travel expert Paul Charles, chief executive of travel consultancy The PC Agency, told MailOnline today: 'Low-cost airlines don't exist anymore. Higher costs, including wages, fuel and increased supplier fees are forcing airlines to hike fares and pass on those costs to passengers."

Really? I can find hundreds/thousands of cheap fares across Europe right now. As has already been noted, cheap flights don't exist for people trying to get away during Easter at the last minute because they waited until the plane was nearly full..... and at this point yield curves will be rightly upwards. Fly cheap book early (or take a huge risk)... its not that hard.

Oh definitely. Small premium above base rate only shows real comfort in long-term prospects. Added to that is analyst expectations for next three years profit are around £483m (Sept 24) and £520m (Sept 25) £564m (Sept 26) - which suggests there is plenty of room for share price growth if easyJet can increase profit per seat (and grow capacity)

I decided to top up first thing this morning - so got in around 08.05 at 537p - so no surprise that we see an immediate drop. Apologies to all :D

Hey Undercrackers.

Can't fully explain the reason for the short, but easyJet shares tend to perform better in Q1 and Q4 and struggle a bit in Q2 and Q3 (so the theory that they make loads of revenue in the summer whilst true, doesn't really impact the shareprice positively - my only rationale for this is that summer results tend to be made in Autumn announcements and err on the side of positive and this drives an upward trend, and then the scaremongering in the press during the early/mid summer tends to dampen down expectation (i.e airports full, flights cancelled etc. with no real view on the small amount of issues actually happening)

I don't think drip pricing announcements will have any impact at all on EZY.

a) only consulting on it so far

b) differential between optional and mandatory costs. All EZY extras are optional.

Essentially, the cost of a flight is the cost of a flight. if you then chose to select a specific seat then its a cost you select, if you chose to take a bag (or 2) then its a cost you select. The target of the legislation will all be on "mandatory" or unclear costs.... these additional ancillaries are neither mandatory or unclear. Mail and Guardian just creating click-bait.

First time post. Does anyone expect significant shifts in the share price (either way) until September? Trading in a tight range since end of January. It feels like there is positive upside, but traditionally EZY have underperformed during summer (lots of negative press about cancellations/disruption etc.) and then outperformed in Sept-Jan. Just thinking its likely to continue in a patter of 450-520 unless there is some sort of macro shock - then results of summer trade start playing through and we'll see movement?