Member Info for MadMat

... well if the boss want his £100M bonus he'd better pull his finger out

Sold Value £1.40m

Bought Value £11.56m

With the buys outweighing the sells by 10:1 I'm surprised the price fell today

The key shareholder information is in the Annual report, page 100

https://wizzair.com/en-gb/information-and-services/investor-relations/investors/annual-reports

Blackrock is not on the list so must be new to the happy band.

Shareholder Reported shareholding Reported number of shares

Indigo Hungary LP 18.3 per cent 18,950,611

Capital International Investors 8.2 per cent 8,445,166

Baillie Gifford & Co. 7.6 per cent 7,844,911

Fidelity Management & Research Company LLC 6.2 per cent 6,423,962

Indigo Maple Hill LP 5.6 per cent 5,734,284

Fidelity International 5.2 per cent 5,378,769

Capital Research Global Investors 4.2 per cent 4,386,985

Orbis Investment Management Ltd. 3.7 per cent 3,856,260

Personally I don't believe shorting does make the market drop... any more than selling you shares at a peek and hoping to buy them back later at a lower price makes it drop.

Its not the shorting or selling that causes the drop... its the lack of confidence and lack of buying that makes it drop.

However the more I learn about the markets the more I realise how much I don't know... so don't take my word for it.

Morning, yes I think I have a basic understanding of shorting. For retail investors we can use various platforms such as IG to create Spreadbets or CFDs, be they long or short. With a short position you enter a contract to deliver a number of shares at some point in the future. If the price at time of delivery (closing the short position), is lower than the price when the contract was made then you keep the difference and that’s how the profit is made.

Obviously big institutions don’t use IG, but the mechanism of entering a contract to borrow shares, sell them at todays price and deliver them later at (hopefully) a lower price is the same.

What I don’t get is why short positions are blamed for pushing the price down…

I found this article interesting.

https://www.cnbc.com/2020/03/19/stop-blaming-short-sellers-for-causing-the-market-drops.html

Hi Ozzie, If I understand you seem to assert that the shorters are driving the SP down. How does that work? Surly someone going short doesn't push the price down any more than going long pushes it up?

I know that's a pretty basic view so I'd appreciate any insight into how you see it working.

thanks, M

Hi Ozzie.... correct I meant Pogo.... was on a conf call at time of writing... thanks for clarification.

Ozzie,

"£13 will be not to bad for existing shareholders..." I think existing shareholders would disagree with that.

I acknowledge your point that Wizz debt is double their market valuation, but so is IAG's and their SP has not dropped 30% in 3 months... the reason Wizz is so volatile is because they don't pay divis, so the only way to make money off it is to trade it.

I see no indication of them being unable to service that debt. If you have read something can you please share a link. Or is it just your opinion?

Perhaps the figures are not as bad as many had feared...

House builders are in for a difficult time in the short - medium term. Could be many years before interest rates start coming down again.

Ade,

What is it about the fundamentals that supports your view that Wizz will be debt free next year?

thanks

Mat

In Jan this share went from 1800 to 2800 in about 10 days... bailing now and risking missing out on a recovery like that is a risk most would not want to take.

Why anyone is still invested in this share is total beyond me...

And as the day traders close their positions so the SP comes back down again... that said I feel fairly confident we'll see the £30+ levels before the end of the year.

This co does not pay dividends... so its heavily traded which makes it volatile

It will go up again... I dont know when... but passenger numbers are better now than when the sp was at £50... so holding is a no brainer for me...

Why is the entire market is depressed?

Would the last person to leave please switch off the lights

Thanks TDT, all the best

Going from a 1/2 billion loss to a 60M profit in one year is pretty impressive... imo

not sure about the £100M 2028 bonus for the boss... I'm sure he will stop at nothing to get that

Perhaps the mild summer we're having will cause a last minute rush of people looking for summer sun

It would be good to know when Wizz will be profitable again... £1.6B loss in 3 years.

Other airlines I hold, EZY, Jet2 and IAG are all back in the black.... when will Wizz get out of the red?

Do you mean shenanigans ? Surly not on FTSE...

I thought that sort of thing only happened on AIM.