Member Info for max_run

I'm sorry this happy £5 day message is late. I'm abroad so missed the news (I don't live abroad like most of u lucky lot, this is mearly a holiday (Tui, in case your wondering)). Very nice too. Smashing the 'All Inclusive' to crash the Tui shares after earlier being screwed by the London delisting and auto sale at bargain basement prices- karma baby!

Xita's hotel occupancy update is pretty much spot on so please keep us posted. I'm feeling its not a complete summer sell out so some of the ludicrous family holidays might go empty imo - this is where the easyjet holiday model works well as easyjet don't pay for the rooms until they are reserved, unlike the traditional tour operators who would discount them to shift them all.

Second week of school holidays, not much in the way of news good or bad (e.g. not many strikes, airport security seems ok). Jet2 Ads offering free child places which is unheard of so I guess the have lower yield.

I've not seen any EZJ ads. It looks in line with expectations so far. Will the share price ever reflect?

Back to business as usual tomorrow.

CASH and other CASH INVESTMENTS = £3.7B

NET CASH £803M

Company Market Cap today = £3.66B

How is that possible? Is that not basically saying the company is worth less than nothing? They have enough CASH & Cash equivalent to buy themselves private?

I would add to this that the decision to close bases in the UK during the pandemic in favor of retaining bases in Europe is now coming back to haunt EZJ with reduced flexibility and handed powers to the staff with stronger European unions and rights.

Xhita, your not usually wrong.

however, 14p divi would put it at 70p Earnings per share (14px5 if assuming 20% of profit is paid out x 750M shares). Seems a bit low to the forecast EPS of 105p even when considering for tax off the divi.

Am I not taking something into consideration or are you sandbagging for the inevitable disruption of Pandemics, WWIII, supervolcanoes, alien invasions? trying to cover the 'unknown unknowns' there.

Every little helps, I know it is expensive in airports and in the old days after 4 hrs someone would give you a stale sarnie but I did find the 'up to €600' compensation per passenger for a 3 hr delay a hard to justify given a £60 ticket price. The (gov ran) train delay compensation is suspiciously less generous.

This will make very busy times less profitable for the passengers and maybe help all airlines bottom line.

Same with me. I am up an average of 300% on Jet2 since lockdown, a much better run company imo (I wish I had had my holdings reversed as my Jet2 stake was small compared with EZJ).

Getting a buy-back would be fair however the board at Easyjet seem to care more about not increasing Stelios's influence over what is fair. I am hopeful that either a special dividend or a buyback will have to be made otherwise someone surely would try a takeover with a market value of £4B with £2B cash in the bank (Given you only need 50%+1 to take control and initiate that payout)

Interested to see some long term holders here selling to 'get out' before the next crisis.

I think that is a psychological thing as getting your money back is a 'win'. I too regretted not selling in hindsight when we were flirting with £6 at Christmas and £7 before the Ukraine war.

However, we have rarely had a potential 50% uplift reported and with low oil prices things must be on the up, surely, this time?

I do still wonder what the board will do with all the money? Can they really justify keeping hold of 80% (£560M) and only paying a 20% divi?

New spin off company EasyMoney bank?

Performance is quite disappointing since the update. Thanks for the opinions offered on the medium term. I personally think any 'Net Zero' efforts should not compromise lifestyles, otherwise we go backwards. We should do things with green tech or we will end up back living in a cave if we were to 'just stop oil'.

I would love an update from Xita on the half term Euro hotels, It would seem there is no bad articles press going around.

There are 750M shares in issues, were getting close to £1 PPS, Once AI has read the report and written the news article you will think they are losing money.

Based on a likely £700M profit I think the problem is with the tone of the report, not the figures in it. No real positive remarks to pick out., just robotic more of the same.

It's christmas day tomorrow! Hope you have all been good (for my sake!)

I hope BoSelecta is spot on. I'd be flying.

+ serious ceasefire talk

+ e-gates and youf mobility deal

+ free euros for greek holidays (ok, that one is too ambitious)

Are we not playing the prediction game this time (I cant decide if it will be £5 or £6 come Friday?)

Qdos to Jet2 management. Making much more cash with much less aircraft.

Please give the board here some advice. Hopefully easyjet holiday results will take off. Given I find they cost more than jet2 holidays I can't see how they are not cash cows!

2 in 1 week :-)

Hopefully we will get a similar update to Jet2 in 3 weeks time. Would love a buy back, unless we are starting EasyBank?

Divi coming Friday, I'll be using that to buy at 4.80 then selling at 5.20. If last years flat trading persists ill be trading that divi 4 or 5 times.