Cobus Loots, CEO of Pan African Resources, on delivering sector-leading returns for shareholders. Watch the video here.
You could argue that if your invested in an airline that you have exposure to the trend within the sector, but Wizz isn’t picking up the same trend. Suggests that investors don’t like it as much as others. They all need planes, fuel and passengers 🤷🏼♂️
Correct.
Oil now $91. If china data picks up ever so slightly it will hit $100 quickly imo. Not sure what fuel Wizz have hedged but it’s not great either way.
Is that the same fool that told everyone Wizz air was a good buy at double its current price! Looking at todays move, is it correlated to the iPhone launch? Rumour has it there may be a form of Apple subsidy. 🤷🏼♂️ telecoms are up. Are they just feeling VF is cheap?
Ive got a big holding in Vodafone, it’s doing well last few days and debt is actually reducing although I agree, still too high. Wizz debt however is increasing quickly. I believe there exspansion plan is miss timed. War, Ryanair, bad customer service, interest rates and now engine trouble are all big headwinds going into winter. High oil prices are likely as opec have restricted supply for rest of year at least and a warm winter could spell real trouble here. I see 1200 as a good entry point. There’s simply nothing to support these current levels imo.
Look back to this time last year it from 2000 to 1300 in a bout 4/5 weeks then back to 3000 by Jan! Is that pattern going to repeat again. The oil price has started to tick up again. I guess we’ll find out!
Let’s face it, it’s only dog poo if you paid too much for it. I’m certain many people will be doing nicely out of this in the short to medium term. If your not one of those, suck it up, as that’s investing I’m afraid. Calling it names won’t help you unfortunately.
It certainly needs patience. I was hoping to in and out of this long ago! I still have conviction medium to long term for tge reasons I stated. I’m in a few other holdings that are equally frustrating atm, the first half year rally the pundits are banging on about, doesn’t apply to me unfortunately. I am optimistic about the rest of the year though!