The next focusIR Investor Webinar takes places on 14th May with guest speakers from Blue Whale Growth Fund, Taseko Mines, Kavango Resources and CQS Natural Resources fund. Please register here.
We are dangerously close to finishing the week higher than it started. Not had that for quite some time.
Just checking if anyone wants to start a war, pandemic, strike, hurricane in the next few hours?
Pretty much agree. Investors should get a return and the previous rights issues and placings should be reversed ahead of renewing fleet and resuming dividends. the only thing to say is that the money is not spent yet, and i expect the $19B is list price, probably getting a better deal than that and it's over a long period.
Stelios is a less significant shareholder now due to not participating in the rights issue. I would personally welcome Johan moving on and someone who can renew easyjets core business as we progress back to the core, customer of independent traveler, weekend breaker, short haul business, second home commuter crowd.
It's the EPS consensus. Different to dividend. The dividend is the bit they decided to pay out. The EPS is what the profit is per share before tax (if I'm not wrong). It means that the majority of profit is being used not for dividends.
To give some perspective the EPS of Google is $5 per share. Shares are $140 each.
EZJ is .89p per share, shares are £3.66
It's not long until Nov 28th. Earnings Per share consensus is 89p. 89p per share.
So we will roughly be earning the same each share as in 2019 when shares were £15.
Probably tank then too.
Easyjet has 330 aircraft. a new A321 NEO list price s £100M so anyone looking to expand their fleet can buy the entire company for the price of 28 new airbus planes. Madness continues.
Pretty deflated here. Makes no sense as others have said. 1% Divi gives 5% drop.
Before covid the company was worth 3x what it's worth now. with less profit!
I can't believe that crappy offers to go private are not piling in tbh. no doubt when they do the corporate investors will be first to sign up for a knock down price.
I'll have another go based on annual profit guidance
758,000,000 Shares in issue (According to LSE)
45,000,000 10% of Annual Profit (45M of 450M)
-------------
0.059366755 Gross DIV per share (in £)
corp tax at 25% gets me back to about 4.45p per share?
Am I wrong?
Great profit forecast, nice to see the target is to make £1B - (not bad for a £3B market cap company at all). Would like to see a buy back to reverse the rights issues and reward the long term sufferers who stayed and bought into the rights issue.
I think its about 1% yield in the first payment early in 2024 (£850M profit so £80M divi is about 1-1.5% if company is £3B and tax is taken).
I think the drop is due to the Israeli conflict. remember it was £7 the week before the Ukraine conflict and that did not effect the business 1 iota.
Good job we are all long term sufferers here. Maybe get the £4 buy in target .
Consensus forecasts are now for revenues of £8.2 billion, up 42% and pre-tax profit of £450m.
Consensus for 2024 is for a further rise to £552m in the following year, by when the flow of new aircraft from Airbus should really be starting start to make an impact.
I would have thought ATC at Gatwick would depress these more. Looks like might have been factored in already as the industry is as leaky as Boeing condenser unit.
Hopefully Covid absence will be short term. Long term retirement and replacement / training issues need to be addressed.
Think how cool it would be if 100s of 18 year olds with super good eyesight and fast reactions were encouraged to get trained as ATCs instead of going to university and building up a pile of debt.
............with 70K salaries instead of 25K grad jobs/no jobs.
On review, well done to JET2. They made £400M of profit on on £5B of sales (over 10% of the JET2 market cap in 1 yr so I'm buying into JET2 more). They are a holiday business so a bit different but this is the fastest growing sector of the EZJ business so looking good for the results.
I'm expecting the EZJ revenue to by £7B+ so what will that translate to in profit. Id say the £500M mark even given all the usual summer travel disruption. Maybe not so much next year if fuel maintains its current level.
Looks like with easyjet using RR and CFM engines the airbus easyjet fleet is not at all effected by this issue.
That's the luck of the gods with long term reliability. An other PW engines lost the main fan once. The design is a geared main fan which has the main advantage of slower sub-sonic fan blade speed meaning lower stresses - but if the gearing fails its not good.
Slows the upstart eastern based Wizz a bit.
https://aviationa2z.com/index.php/2023/09/09/ntsb-blames-pratt-and-whitney-for-united-boeing-777-engine-failure/