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Https://sparklive.lseg.com/WizzAirHoldings/events/0177e99e-ee10-4f49-ad2c-53147d125221/wizz-air-q3-f25-results

starts 9.30 uk time

I've heard of MMs manipulation short term price drops to trigger stop-loss trades when they want to make more stock available to fill an order. How thats done I've no idea...

Tree shake prior to the stellar results tomorrow

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Open Short Positions in Wizz Air

There are currently no open short positions in Wizz Air.

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What does that tell you?

When I look through these RNSs, it becomes clear the big players are either increasing their positions or holding.

What does that tell you?

IAGLongterm, forget where the money comes from.... Wizz and Jet2 profits are comparable.

Q. Why is the MCap not comparable?

A. Because Wizz is still massively undervalued

Nope, sorry that was the wrong one... it was this one

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Debt (again!) 15 Nov 2024 13:27

Sorry to reopen this old discussion... but did anyone see this in the Results RNS? Its quite far down.

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At 30 September 2024, the Group held total cash of €1,858.1 million (including cash and cash equivalents of €460.3 million, €91.7 million of restricted cash and €1,306.1 million of short-term cash deposits), while net current liabilities were €69.4 million and net assets were €367.9 million. The Group's contractual undiscounted external borrowings include: €500.0 million of bonds maturing in January 2026, €265.1 million of ETS financing from Standard Chartered Bank repayable March 2026 and convertible debt of €25.5 million. In addition, borrowings include a carrying amount of €5,577.0 million in relation to future liabilities from lease contracts accounted for under IFRS 16 and liabilities related to JOLCO, Finance lease and FTL contracts. None of these borrowings contain any financial covenants.

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Its this bit that caught my eye... "borrowings include a carrying amount of €5,577.0 million in relation to future liabilities from lease contracts accounted for under IFRS 16 "

So if I understand correctly, nearly all of that huge scary pile of debt on the balance sheet is as a result of future lease contracts. In my view its not debt at all... and doesn't attract interest... its simply planned committed OpEx.

Anyone out there have a view on this, thanks, M

This one

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RE: Shorts 3 Dec 2024 13:46

Thanks for your post Pogo.

Whilst you're entitle to your views, they would hold more water if you made reference to actual facts.

The current mar-cap of just 1.3B is shockingly low for a company with current profits of about 350M. A conservative estimate is for mar-cap at 6x profits… which means it should be 2.1B.

EZY in comparison has an extra 3B on the mar-cap with only and extra 100M on the profits.

Fuel is now hedged – see page 3 of the report “Wizz Air has accumulated hedge coverage of 80 per cent of its jet fuel needs for F25”

Passenger number are increasing as confirmed by today’s RNS, and also other industry news eg “Ryanair gets 11% jump”, article on this site

Whilst Borrowings (section 16 of the report) initially look to have increased, you’ll see this a mainly driven by “JOLCO, FTL and FL contracts”, and therefore really an operational cost of leasing aircraft. The increase suggests expansion of capacity. The fact future lease costs appear on the balance sheet make the debt situation look far worse than it really is.

The tables on page 35 shows you that these lease costs are projected forward 5 years and also that actual debt is less than 1B and has reduced 100M since March24

I could go on…. and on…

But really would suggest referencing a few facts if you can.

Results report can be viewed here.

https://wizzair.com/cms/api/docs/default-source/downloadable-documents/corporate-website-transfer-documents/results-and-presentations/wizz-air-holding-plc.---half-year-report-f25_2024.09.30-stock-market-report._.pdf?_gl=1*17vytap*_up*MQ..*_ga*MTA1OTMzNjkyNy4xNzMzMjE1NDc5*_ga_G2EKSJBE0J*MTczMzIxNTQ3OC4xLjEuMTczMzIxNTQ4MS4wLjAuMA..

Hi pop, we have been over the debt subject a few times, Most if the Wizz debt pile is due to accounting rules whereby they have to declare future contractual payments of long term hire items, such as aircraft, as debt.

Look at some of my old posts, I make reference to the annual report where this is explained.

Jet2 is about 10% more than Wizz.

Comparing these two companies,

Year end is the same, Profit after tax is about the same, Jet2 is about 10 more than Wizz.

However Jet2 MCap is more than double that of Wizz....

Wizz is massively undervalued any way you look at it... when the market wakes up to that fact SP will fly...

(but I hope this happens soon as I'm getting bored)

Thanks for your replies... much appreciated.

PE Ratio -36

What !!!

Hi... just starting to research PHNX as I like the look of the divi...

The first obvious question... I hope one of you can help with

How can a co with nearly 300B of assets on the balance sheet be valued at only 5B in terms of MCap?

What are these assets?

thanks

MM

I agree Sparks.

The gov are making the right noises... their intentions are clear and if (big if) their plan comes together it will benefit the building sector.

Thanks for the input All.

So indeed the Yield reported by this site is not what I should expect going forward. The LSE site calculation of Yield is based on previously paid divis and does not consider the announcement from the co that it would be cut. Its not the only area of LSE site that cant be trusted. (shorts is also typically inaccurate)

The dividenddata site expresses it well with the terms "forward yield" and "historic yield".

https://www.dividenddata.co.uk/dividend-yield.py?epic=VOD

I like the dividendmax site also but you cant sort by yield.

thanks again....

Does anyone know where to get accurate info on what divis companies are expected to pay?

This site is still showing the VOD Yield at 11%... which is plainly not correct.

Thinking I might need to pay for a better service/

thanks

Mar Cap is the highest its been since 2011... probably highest ever. Do you really expect to see another 30%??

https://companiesmarketcap.com/gbp/international-consolidated-airlines/marketcap/

IAG is no longer a recovery stock.... its recovered.

Time to bale and move profits into something that is low, and which clear recovery prospect to previous levels... like WIZZ, or TW for example

£15 tomorrow.

I think too much is being made of the engine issue. It seems to be being managed very well, compensation payments increased, profit and passenger numbers still growing... despite the issues.

Looking at PE ratio alone, WIZZ could see 90% SP increase to have PE ratio comparable with EZY... and that's without resolution of engine issues, conflicts etc.