Member Info for max_run

Thanks Stille for pointing out that investing has its ups and downs.

Still in here, not much bad news really, another week of school holiday fares going reasonably well so hang tight.

GLA

Qdos to those who called it at 3.45, that's nearly 20% up from the gutter in 6 weeks.

Yes Wizz offered £8. But £8 worth of Wizz shares - which have also halved since :-)
A consolidation would be a sell out.....but....£10 gets my vote

Another week of smooth summer holiday getaways, half way through the golden period now and nobody's getting a sniff of a refund or compensation, fares up 30% YOY.

The baby steps of progress are slowly feeding into share price. I reckon an overall profit this year, maybe between £40M- £80M.

share price £5 by autumn. token buy back perhaps with the cash pile.

GLA, (mini clause: not you rude ones)

Long term this share is only going to rise.

This is in line with 80% of broken and 80% of pundits. A short is a position against the market, just for greed / gambling / short term lunacy really.

Maybe have to wait for next quarter or next year but market price will catch up with real value given time.

Still fantastic long term cash generator here.

Still no significant airport or flight meltdown since the slight heatwave disruption. Booked holidays running relatively smoothly, top prices being paid. going to be a sell-out at TUI and Jet2. Vacancies filling.

All positive at the minute. return to profit soon.

GLA - Don't get personal - you'll never all agree.

But would be nice to break that earlier option price of 4.20.

Anyone know when the results are out? How can this not rise given the ticket prices and load factor. Could be 90% of 2019 which is surely 200% of 2021.

By the way, my holiday is going great. Rammed everywhere, bars, beach, pool, excursions, all rammed.

Sat at the gate, airport flowing smoothly, 15deg cooler than yesterday, flight looks packed.

Good to hear that Stelios is back on board with the investment plan. £4 will make my day.

GLA, keep it civil :-)

Hope so. Runway tarmac solidifying tonight. Lambo still waiting tho as passing the option price would be lovely first.

Staycations suck.

Well, school holiday season is upon us already. Expecting the press to be monitoring this closely especially given the heatwave and. some schools closing early.

We are bound to see more hyped up flight interruptions in the media so I'm hoping for no significant disruption, just the usual drama queen's wanting a picture in a tabloid.

Good luck all

The share price did not double through the pandemic. EZJ went in at £12.60 and crashed to £4, then as the pandemic went on it recovered some of the loss due to gov employment support and likely pandemic outcomes (travel restrictions, vaccines, variants, etc) it peaked around £10 as sentiment of recovery grew (note Wizz and RYN were 20% above pandemic entry level - EZJ never exceeded the pandemic entry point).

Unfortunately, and not really predictably, just as the pandemic was ending (shares were £7) the war started and shares collapsed again. The war was much more disruptive than expected as it was toughly fought and brutal and had a wider range of sanctions.

EZJ have been hit moderately hard (WIZZ collapsed 80% from peak) but have not had routes effected by war, so the price move is due mainly to sentiment and oil prices which were further compounded by the lack of staff across the airports and airline itself. Imagine where we would be if demand was 60 or 70% of 2019 (instead of 120%+, although not able to be fulfilled).

Currently they will have enough cash on hand to buy all issued shares back and still have a similar working capital to 2019. I'm not saying this is about to rocket but fundamentals are still there as a good long term investment and as I'm a long term investor then I'm fine with this.

GLA

Well it didn't take long for the next crisis to appear however does not warrant the tsunami of negative posts & personal insults, WW3, perfect storm, Covid, nobody mentioned monkey pox yet? Absolutely no balance in posts by the position holders.

Why is it worth £3B?, maybe because it's the UKs biggest airline? maybe because of the demand? maybe because they have £3.5B cash on hand? Travel isn't going away, oil price is falling off peaks, long term oil in decline due to electrification of personal transport which is a game changer. Russian gas price ceiling being raised now.

Still long term investment here, strikes will reduce confidence and bookings, profits this year may be lower than expected. still a viable business for long term. management should bring staff along with a profit related bonus and salary sacrifice share option to quell the rebellion.

GLA, be nice u ***ts, peoples futures at stake here, u can disagree without getting personal :-)

Net assets 2.6B, Market cap a puny 3.3B.

This can be £5 at any time. Media have moved to Heathrow and the train station so happy steady tortoise moves back to where it should be and in line with other valuations of, J2, RYN, IAG, TUI that all have much larger market cap.

Any profit this year would be massive + but could be from 0 to maybe up to £250M. Dividend a long way off but 2018 and 2019 dividend was 140p per share.

Those thinking long term could retire In the sun.

Enjoy your holidays!

GLA,

so close

So this update shows a likely return to profit then? Increase in cost per seat, lower overall cost per seat, fuel hedged and likely better seat yield than 2019.

+ cash position must be greatly improved as bookings are stacked.

Or, could be a small loss with main recovery next year.

Either way, there is no way they could credibly go for a rights issue or share placement to further dilute the stock (all bets off when the next crisis comes).

Might be a slow burn but the good times must be coming this side of the decade. I'd like to see small profits, used to improve cash position then reverse the earlier rights issue but buying back combined with reducing debt.

Good rise today as the doom mongers don't want to hold a short all weekend!

GLA

The expansive schedule (that could not be fulfilled) along with bargain price bookings before the fuel price hike, and booked with carried vouchers has caused a massive headache here across the industry but mainly EZJ as UKs biggest airline (and the UK are biggest holiday makers as you don't see queues of Spanish and French people jetting away on holiday).

Putting in a deliverable schedule is key. Less flights that are leaving on time will mean higher prices per seat due to the demand and no compensation claims. 2019 revenue per seat flown was £60 (that's including all extras and onboard sales, commissions from hotels car hire, etc) so a click though price of around £40 ON AVERAGE (as bags and seats are extra). Revenue per seat from now on could easily be £80, that's a big hike but won't show in the data until results for 2022-23 are out, maybe not until 2023-24 for full effect.

ha, just checked, Carolyn only halved ITVs value. Against Johans performance that's good lol!

I'm now topped up at 4.37