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Thanks Flak, yes I see it now.
page 3 of the H1 report
"Financial performance: narrow F24 net income outlook to the range of €350–400 million."
https://wizzair.com/static/docs/default-source/downloadable-documents/corporate-website-transfer-documents/results-and-presentations/wizz-air-holding-plc-half-year-report-f2420230930-stock-market-report_ea950a4d.pdf
Considering the H1 profit is already at 400M, it seem either a very conservative estimate or that they expect a loss/break even for H2
I can understand that with small tin pot companies the difference between broker ratings and reality can be vast... but surely the bigger the company, the more public the accounting, the more accurate the broker rating.
So the JPM rating of £2.90 is probably their honest valuation... based on a wealth of accurate information, using all their sophisticated analysis techniques.
Shame they haven't put a timescale against it.
I plan to hold for at least a couple of years and expect to see this kind of return.
Date Broker Recommendation Old Target New Target Rating Type
04-Dec-23 JP Morgan Cazenove Top Pick 280.00 290.00 Reiteration
22-Nov-23 JP Morgan Cazenove Overweight - 280.00 Reiteration
29-Sep-23 Citigroup Buy - - Reiteration
29-Sep-23 Berenberg Bank Hold 150.00 135.00 Reiteration
02-Aug-23 Berenberg Bank Hold - 150.00 Reiteration
10-Jul-23 Barclays Overweight - 225.00 Reiteration
I remember holding BT shares from £5 all the way down to about £1.5... all the time thinking it will start going up again soon. When new lows are made each week then who's know where the bottom is...
I bailed on VOD yesterday, and put the money into BT, mainly because I understand BT's plan and can see them working towards it. With VOD I can't even see what the plan is.
So in terms of turning big ships around, BT is further down the road... or so it seems to me.
"The simple reason for this is that inclusion in a major index means that a lot of large funds have to buy the recently added shares."
... and those large funds wont be buying a share or two... they will start building sizable positions
Good point Hammer, thanks for the insight.
The profit warning was given in the half year results, 22nd Nov… so the market reaction to the reiteration of this in the recent trading update, was a massive over reaction in my view.
Whilst it’s a shame to see the gains of recent months wiped out in a day, I can see that the company is investing heavily and transforming, the Velocity programme, the drive to net zero, the BnQ partnership… and I expect the benefits of this to be realised over the coming quarters.
Agree with all that Fleccy, BT's pretty much doing all the right things, but it will take a little longer before the real benefits of the massive transformation are seen.
Sorry! Can someone please explain the RNS in English.
"Non-Executive Director, transferred 1,200,000 of the Company's guaranteed senior unsecured unrated convertible bonds due 2026 ("Convertible Bonds") on 14 December 2023, at 97 pence per Convertible Bond, to The MCMLXIII Fund, an FCA authorised fund, in exchange for shares in that fund."
So has he swapped his shares, or company debt... or something.... for a stake in a managed fund?
If yes, then so what?
thanks
M