Member Info for MadMat

I for one don't believe these numbers at all. Very often I see my sells reported as buys and vice versa... so many things about this site are poor. (except of course the quality of the discussion) :-)

Vol. Sold 791,681

Sold Value £10.57m

Vol. Bought 180,015

Bought Value £2.37m

Probably gona continue for the rest of the year... and well into next year

@Lee21, thanks for you input but where did you see those Varadi quotes? I don't see anything in the news.

thanks

M

Hopefully today we will hold onto our gains

The co is around it's 3 year high

expect more of the same

Hi Delag, Thanks for your contribution. I'd also like to understand about your debt comment... Why does the fact so much of the infrastructure, facilities etc is outsourced make the debt look any different from what it is.

What do you think the debt really is?

thanks

Https://www.dreamstime.com/toi-portable-toilets-their-iconic-logo-one-major-brand-sanitation-systems-world-picture-row-division-adco-image119033287

Spread betting and CFDs allow you to to borrow stock and go either long or short.

How is it easy to manipulate the SP with a short attack? Betting a stock will fall has no more effect on the stock than betting on a horse will cause it to win.

Shorting is frequently used in industry as a hedge, to manage risk.

You may well find that some of the key Wizz institutional investors, such as Indigo Partners LLC, are also shorting the stock.

https://uk.marketscreener.com/quote/stock/WIZZ-AIR-HOLDINGS-PLC-157408984/company-shareholders/

There is a lot of debate about whether shorting causes price drops. I believe some countries band it and then noticed it made no difference.

So why do you think going short makes the price go down, any more that going long makes it go up?

Skier1

"worsening ISA tax environment" - what changes to ISA tax rules are you talking about... ?

thanks for clarifying

Ahhhh

interesting

https://www.reuters.com/business/aerospace-defense/british-airline-easyjet-raise-17-bln-rejected-bid-offer-2021-09-09/

There is a lot of debate about whether shorting causes price drops. I believe some countries band it and then notices it made not difference.

So why do you think going short make the price go down, any more that going long makes it go up?

I see no reason to expect a take over... but in terms of value...

A conservative estimate is that value is about 6 times profit. This doesn't consider assets, cash in bank etc... but as a ball park...

If you take the lower guidance of 350M profit this year that works out at £20.30 per share

If you take the higher guidance of 450M profit this year that works out at £26.11 per share

However if you look at EasyJet who's marcap is about 11 x their fy2023 profit, and use x11 as the multiplier you get

£37.2 and £47.8 respectively.

On the contrary... today's an excellent day to be buying Wizz.

Its just marketing

prices are updates daily, there is no fixed price to discount.

Soloman, why do you say Wizz is loss making?

FY24 q1 their guidance was 350-450, and they achieved that.

FY25 q1, despite the disappointing q1 results, the FY25 guidance is still 350-450. And this was given in full knowledge of the impact from wet leasing and engine issues. Is there any reason we should think they wont achieve their FY25 guidance?

Fact is, EZY, Jet2 and Wizz profits are in the same ball park, so why the huge difference in PE Ratio?

IAG is a different beast... I get that but still the PE of 3.5 is very low.

For comparison, Speed Hire PE is around 65 - (I cant understand that either). Barrett, Wimpey etc are at about 10.

-

ok this is all a massive simplification and I'm not an accountant... so perhaps someone can explain this discrepancy as currently it looks like a correction waiting to happen.

The PE ratio of 4 is just mind-boggling.

Jet2 and Easy are at around 7.5 and 11.

IAG is also looking massively undervalued with PE ratio around 3.5 - any theories why its sooooo low would be gratefully recieved.

My guess is it mainly due to investor confidence and when that strengthens IAG and Wizz both have potential to double or triple their SP from here.

Excellent news, thanks for posting

I see a bright future for Speedy

Guidance is 350 - 450 million for this year

Clearly the 4.7B dept is quite a pile, but is it manageable?

The EMTN programme provide 3B of it and as i understand it this isn't due for another 6 years.

https://wizzair.com/en-gb/information-and-services/investor-relations/investors/emtn-programme

I've no idea where the other 1.7 came from or on what terms, but its roughly equivalent to cash in the bank... so although the numbers are big I dont feel concerned about debt.