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Not putting a buy on it just feels a bit like sour grapes...
210 / 200 respectively. Seems a bit conservative...
I'd guess the A400 engines might be getting a bit of work flying gear to Poland...
Seems like David Perry reiterated 90p/Sell rating today - 3 August.
Be really keen to see some rating agency updates. Fitch last updated 7 days after Nov 22 trading update. Hope there might be some upgrades in the offing.
83% of 2019 seems to be in line with Barclays/UBS/Citi expectations
For those with access: https://www.ft.com/content/926cd391-198e-48ae-a7cb-fdea3e363fe7
TLDR: Wizz want to extend 2026 deadline to give CEO £100m if he gets the SP to £120 to 2028. Other environmental, social and governance targets remain at 2026. Proxy advisers PIRC and ISS are against the scheme calling it "highly excessive" and also recommend shareholders reject the re-election of Barry Eccleston as chair of Wizz's remuneration committee citing "material concerns" about Wizz's practices.
No need to be aggressive, was just speculating.
Been in since Aug 2022, average is 103p. Long enough?
Think the key figure in the 1H Results will be flying hours, if thats above ~84% I think it'll boost the price again.
Wonder if the trading update so close to results was that the information was so good they thought it would leak and they decided to get market sensitive information out before that happened.
Rolls Royce reported a nice trading update today. They only do widebody engines, but I'd suggest its likely to be a positive report from Wizz on 3 Aug. I live in the Middle East and use Wizz to fly back to Europe, and given the price of flights right now, I'd be surprised if I'm the only one.
Guessing the main thing to look for on 3 August is going to be the % 2019 flying hours. Given RR has released this trading update I'm guessing its going to be north of analyst expectations and that could provide another boost.
Have to say I thought my trading app had a malfunction when I looked this morning.
I was expecting an update on 3 Aug - was this trading update scheduled and I missed it, or was it so good they couldn't keep it under wraps and released to the market early?
Via Bloomberg:
"Vodafone reported service revenue growth of 3.7% versus an average estimate of 2.9%, according to analysts surveyed by Bloomberg. The company also reiterated full-year guidance."
Thats substantially above analyst expectations. Should be a positive day... (ducks into trench, grabs kevlar, puts on helmet)
Just seen an Etihad A380 flying out of Abu Dhabi so they're back flying now
@Rr101 - pretty sure the unions would be in favour of GB based SMR, so I dont think Labour would necessarily oppose it. SMR is a very useful component in the green revolution which Labour are in favour of.
Personally think theres a snowballs chance the Conservatives will get this through before the next election and lI'd say that that snowballs chance is probably better odds that you'd get on a Tory majority at the next GE.
Guessing this mornings sharp decline was on the back of poor Chinese data and reports of a tightening oil market. Happy RR has rebounded sharply showing theres some good support above 140. Made a small top up when she was under.
Also: "As such, the group currently has nearly £6bn of outstanding loan obligations and lease liabilities. This is a significant improvement versus £7.8bn in 2021. But with interest rates on the rise, pressure on the bottom line is slowly rising. "
Isn't debt down to about £3.25bn at the moment?
Agree re:Ukraine, but my understanding was that it was squeezed revenue that caused the fall. While clearly that wont be the case this year as revenues must have risen with more flying hours, lots of brokers are warning that flying hours might not meet expectations and as such my thinking is we could see a repeat of the 2H downward pressure on the price. Like I say I'm long term positive, but have some short term concerns that are putting me off putting more money in just now.
Given we're less than a month away from 1H results I'm wondering if RR might go on a bit of a upward track in the next few weeks, but am equally cautious that if those flying hours arent 85%+ of 2019 we're going to see a repeat of 1H2022 which was about a 5% fall, followed by the descent down to the 60s. Got a big position anyway, so I'm going to keep my powder dry.
Etihad's fleet of A380s are due to begin flying the Abu Dhabi - London route from July after sitting in storage since the pandemic.
I also noticed that a mothballed Qantas A380 that had been parked up at AUH has been removed.