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NO it didnt it closed at 609 around it was 615 at the time the share closed lower check my posts should confirm
Because I have gone through yours when is the last time you were right sometime its better to listen to people like me you actually might make some money also I suggest you check out AQR Capital Management, LLC shorting record is scary good and the are at 2.84% short interest and climbing every few days lets see if they are wrong too come back to me in a few months when I am proven right if you cant see the trouble airlines are in you should not be investing no revenue equals cashburn equals insolvency do the maths and listen If u want to make money
I do feel bad for anybody caught long in this years ago I was in a house builder and wished it higher and lost thousands
Check out the balance sheet read everything and make informed decision hope is not a trading strategy and be open to other
peoples ideas long or short this is a financial instrument and has to be treated with respect and caution not hope or guessing because that lose people money .If these guys get into real trouble they will burn bond and equity and suppliers and they will survive .There is no valid reason to be owning airline stocks at this moment if someone says these will hit 8 based on what they are grounded the have taken on billions in debt and owe customers over billion that they are showing as cash in bank they have to go through to this years purchase of airbus the are technically insolvent only for financial engineering they have tried everything and the share is now back down to 5.8 as I type that not short sellers its fundamentals .
The reason they are not paying refunds is they will be insolvent if the do its customers money thats keeping them aflot.
Ryanair and Wizz and Iag have a good chance to survive but a lot of the equity will suffer but Easy jet ,virgin and Norwegian are in deep trouble .Easy jet will survive but will be almost worthless equity wise the other two will be gone as we know them .Ryanair will survive but it will have to raise money more than likely an equity raise because when thing settle down its a price war that no airline can afford ,than longterm higher flight prices
Been Honest I dont know depends on when they go up into air and things get back to normal. I suppose its less risky to buy them now than a month ago they have more cash on hand, but it is debt and they are burning through it. I rather buy it and miss the first 20% upside when things clear up than jump in but I could be wrong airlines are are dangerous these guys have loaded up with debt if we are all honest about this when will travel be back to normal it could be a long time .The only thing I do know this will end cheap flights for sure flying could be government subsided for years not good for equity but long dated calls might be worth a punt but would be a gamble until we see clearance as they say the path of the path of least resistance is down not up for now
Following the latest downgrade, the 21 analysts covering easyJet provided consensus estimates of UK£4.5b revenue in 2020, which would reflect a sizeable 30% decline on its sales over the past 12 months. Following this this downgrade, earnings are now expected to tip over into loss-making territory, with the analysts forecasting losses of UK£0.76 per share in 2020. Yet prior to the latest estimates, the analysts had been forecasting revenues of UK£5.0b and losses of UK£0.46 per share in 2020. So there’s been quite a change-up of views after the recent consensus updates, with the analysts making a serious cut to their revenue forecasts while also expecting losses per share to increase.
PARIS, April 21 (Reuters) - Domestic air traffic is down 70% globally and the recovery over the coming six months is likely to be slow due to the damage coronavirus has done to economic conditions, the industry's representative body IATA said on Tuesday.While domestic markets will open sooner than long-haul, the damage done to consumer confidence will undermine a quick recovery, Brian Pearce, chief economist with the International Air Transport Association, told journalists on a conference call."The economic environment that we are expecting over the next six months is really not conducive to any substantial return to air travel for financial reasons... which is why we are expecting to see that recovery in the third quarter to be relatively modest," Pearce said. (Reporting by Laurence Frost and Conor Humphries; Editing by Alex Richardson)
totally agree with pent up demand but its the destruction of cash between now and then and what form that demand takes ,
as in what percentage of seats on every flight and what will the jobs picture look like in a few months .There is a lot of hope in this share price at current level I wish things went back to normal quickly but some industries are in deep trouble I would burn bondholders and equity and save jobs thats the most important thing .
The fleet delivery is from Airbus if they close middle seat they will be flying at massive losses do you think the share has to go lower then, as closing middle will knock nearly 2billion off revenue if it lasts a year 1 year thats flying all their planes how can they survive that does that mean if I reverse calculate revenue this is worth around 2.3 a share
If the airlines dont slow the return of refunds they are bust thats why they are slowing all refunds down . All of them are the same most of monies they show are for flights that are prebooked they work on a system like a credit card from customers so when those customers dry up which no one imagined would happen their working model is gone they burn the cash on hand which includes customers deposits so when they get off the ground they will be loss making for months so cashburn increases so will have to raise more money if new bookings are slow they will have to cut down on flights maybe sell some aircraft at knockdown prices because who will buy them maybe at fire sale prices so now you have a smaller company with smaller revenue and a lot of debt .
The oil going negative yesterday on may contracts will cause massive margin calls its going to be a big problem as it will effect everything and Virgin going into admin in Australia last night is important but they are a basket case compared to Easyjet but it wiil effect leasing and how they get finance so easyjet sale and leasback ?