Member Info for JmcJ

Great update. I don't think the market had caught on to the story here yet as this has been looking under valued for the past couple of months. Sadly I hadn't finished building my position, but still have 3% of my portfolio here.

He obviously can't do maths if that was his plan

I guess the feature in Shares mag has brought the crowds in? Still a massive bargain in my view, and fair value should be somewhere around 200p, so even if we never see fair value there should be plenty of upside.

The results presentation was recorded, and should be available on https://www.investormeetcompany.com/

You should look at group debt, not company, which has reduced vs SEP 19 from £13m to £12.7.

I suspect many holders are thinking the same thing. For those that bough in at 20p levels, why hold on until March when the dividend causes a re-rate, if you can sell out now for 75% profit? I still think patience will be rewarded here, this has all the makings of a multibagger once the market clocks on

Really disappointing retrace. I'm guessing those who bought in at 20p took the bag and ran. Excellent set of results and still massively undervalued in my views.

It would have to be fairly dire to drive the share price lower. The last statement said at August revenue was ahead of last year. If margins have held up this has to be worth closer to 200p than 20p. Madness.

The going concern commentary in the auditor's report was very interesting. Looks like they're not planning to draw on the £300m CFF in the current worst case scenario, which is a positive note. Cash retention has been exceptional, and should allow them to move from survival mode to opportunity mode once the Covid situation in 21 becomes clearer. As such, I intend to continue holding

Doesn't have the feel of a business in trouble to me. I also saw Steve Heapy in the Telegraph talking about how keeping customer deposits is akin to theft. Jet2 should reap the rewards of their handling of Covid in the coming years as customers will remember those who treated them poorly.

They've already stated that revenues this year are ahead of last year. I'm assuming there will be some impact to margins, but at 20p per share there's a decent safety net here. Still think it will bag in December

I expect the interims in December to move the share price north. Seems to be languishing between 20 - 22p at the moment waiting for something to shift it. This has to be the most mispriced share I've come across, it should at least double from here

From their UK operations, Thomas Cook was around a £4b revenue company before it popped. TUI earned about £6b revenue pre-pandemic. Thomas Cook is gone, and TUI is operationally impaired so there's huge potential upside for Jet 2 to snatch market share even if overall demand levels remain suppressed.

What an unhinged post. Good luck with the short. 5% up today, and then Jet2's biggest destination comes back online, the Oxford vaccine is looking very promising, rapid airport testing is underway and the business has liquidity to get it through to August 21 with no flights.

They're back baby. Canaries cleared for quarantine free travel. Let's hope the recent surge continues tomorrow

https://www.telegraph.co.uk/news/2020/10/22/travel-news-tier-3-quarantine-countries-list-covid-cyprus/

I don't understand the animosity towards her at all, assuming it's not just trolling. Since she took over in 2017, operating profit has compounded around 7% per year, a far higher rate of growth than under her predecessor. The average R&D spend is up 21% from 2017 onwards vs the 3 years prior, and so the pipeline is looking great. Debt is less than 3x operating profit, so hardly a cause for concern. Any CEO would be proud of these results

Agreed, if revenues are ahead of last year, and margins are maintained, then this has to double. It's a complete head scratcher as to why this is so cheap. I think there's a lot of confusion about the reporting (group earnings vs company) and how the NCI payments work, so if they can clear this up in December this should be a multibagger

There's an expectation that airport testing is going to get the nod on Thursday, leaving behind the madness of 14 day quarantines. Has been reported in the Times, but it's behind a paywall

It sounds like you don't have any conviction in the business, so I would invest elsewhere; somewhere you understand and feel confident that the business is a winner. The shark's will be out in this one tomorrow, so think carefully about whether you actually want to take a position here

The sentiment is positive. If you go to Jet2's shares info page - https://www.jet2plc.com/shares/ - you can see Odey previously held 4.11%, so they've upped their stake to 4.97%

Works out at about £6.6m of new shares

Space exploration. Looks for minerals on asteroids in order to mine them