Member Info for MadMat

I agree.

I also think HSBC’s price target is conservative.

Any guesses about the 4% drop? BoE slashing 2025 growth forecast perhaps?

Tedmak, TrekMadone,

thanks for your help , much appreciated.

SG, your contribution is appreciated.

(There is a filter button for when it all get too much.)

tx

I think Wizz have demonstrated their management ability.

Growing load factor whilst reducing capacity is amazing. Especially with all the other problems being faced.

All bodes well for the future, and 1250 really was very cheep

Will this firm make a profit this year? How can they maintain the divi with these sustained losses over the last 3 years?

I dont see a guidance figure in the half year report.

thanks

M

Or is it the BoE rate cut to 4.5%

That would explain it...

a bid from who? IAG?

£21 would be a health profit for me but not sure I'd accept it. I'd prefer to wait 2 years and get £40-50

Good news OTCD, thanks for that.

Apart from the humanitarian aspect its great news for Wizz

Will the trade war, or fears of the trade war, strengthen the dollar or weekend it?

I suspect the daily rise and fall is day trading, positions opening in the morning and closing in the afternoon.

No shorts open over 0.5 so thats positive... Who would be daft enough to short wizz at this price.

To me it seems wizz are managing a difficult situation very well.

debt reducing, load increasing... if only it wasn't for these freekin engines

I think the doom, gloom and fear is already priced in. The future is looking good for wizz

I think most of us agree... but it would be nice to know when.

Indeed, in a few months if the euro strengthens a bit and the dollar weakens a bit, those FX losses could become FX profits.

The thing about hedging is that whilst it protects you from rate changes against you it also remove the chances of you benefiting from rate changes in your favour. Therefore you could argue that because currency fluctuations are generally not that severe, in comparison say to fuel price, it's a calculated risk that you might take to not hedge. The fact that the euro was weakening because of the rise of the far right particularly in France and the dollar was strengthening probably due to the Trump effect, was kind of a perfect storm. Not good but perhaps not quite as negligent as it might first seem.

Whilst the reduced guidance is clearly not good I think it's important to remember the money that's been paid back to loans. That between F23 and F24 reduced nearly 300 million debt between F24 and 25 reducing 200 million that going into F26 reducing by 500 million and by F27 no debt to speak of at all. That's pretty impressive.

I'm not an accountant but I believe interest would be paid from Opex but repaying the loan comes from CapEx and therefore out of the post tax profits. So making any money at all after you've paid back at 500,000,000€ is also pretty impressive.

So it seems to me, in my simplistic view, that going forward Wizz is in a pretty strong position.

Have to say, I'll stay invested but I'm not enjoying the roller-coaster ride

What I dont understand is why the engine thing is such a huge deal for Wizz but not mentioned with any other airlines.

Dont IAG have any P&W engines?

Mike,

Q so why invest now?

A because it cheep now and wont be in two years. 15 months till no financial debt

Because he separated debt due to leases... which is on going and will increase as the fleet grows;

from financial dept due to borrowing. this financial debt is declining and will be gone by (i guess end) F26

its in the presentation slide titled "Debt & coverage ratios to continue to improve" and about 45 minutes in if you're watching the live link

Free from financial debt by F26 according to the CFO