Roundtable Discussion; The Future of Mineral Sands. Watch the video here.
Takeover is overblown.
Nice to see that crap share rag motley pointing out an expected divident return of 49p over 3 years and that they have funds to cover it 3x over. I'm still hoping for a buy back this year to ward off any hostile takeover.
gla,
Looking forward to the results of a company with £7B in assets with a market cap of £3B and an annual profit of what, say £400M.
That's enough to buy itself back in 7.5 yrs.
At some point the market cap will have to reflect this or it's takeover time. Can't say I'm bother either way now, just want my fair value.
So one measure of valuing a company is by adding up the assets and then adding on the 'good will' which would be the less quantifiable aspects like the reputation and customer base and the effectiveness of the management.
So today we have a market cap of £3B.
We know the planes and slots are worth at least £6B and the cash in the bank and other assets maybe £2B.
So I can calculate that the good will is MINUS £5B.
So either we are massively undervalued or the management competence wipes off most of the companies value.
Discuss
I expect this share to start climbing again as we approach full year results. It seems to always get hit hardest when the market has a wobble.
It's been the best year for Air travel since 2019. That's 4 yrs. I'm in this until at least reinstatement of a dividend or a share buyback to reverse the rights issues.
Record profit to be broken in the next quarter. What a great result.
"Based on current booking trends, the airline expects to deliver another record pre-tax profit performance for the fourth quarter, with revenue per seat up around 10% and cost per seat excluding fuel for H2'23 expected to remain broadly flat on the year."
Chief executive Johan Lundgren said: "Our Q3 performance has been underpinned by strong passenger demand for easyJet's network and services. We continue to provide great value to customers with around half of easyJet's fares currently on sale still under £50.
Seems to have fallen a bit flat. No mention of dividends, why it's holding 3.5B in cash.
Encouraged that capacity and fares are growing and seats now 8% above pre pandemic, seemed to aiming for less capacity at higher margins if you read it, maybe longer jets making the difference here.
Ezj holidays to make £100M but that's a bit irrelevant if EZJ is only going to make £350M on the whole.
Keeping the faith for another season at least I guess.
GLA