Ben Richardson, CEO at SulNOx, confident they can cost-effectively decarbonise commercial shipping. Watch the video here.
Isn't it already in foreign hands? They already have a ~59% holding.
More rumours coming out that we might be pushing for a better offer.
I would be happy with an offer around the £35-£40 mark.
Just a few days ago you agreed broker ratings were useless.
This is the same broker that gave Easyjet a share price target of 270p.
Finally got my entry price today and invested.
The issue is that Q1 has already got us of to a bad start. Q3 and Q4 will be over winter/spring so not expecting much from there. That just leaves Q2 to make up the losses.
Add to that, oil only recovered for a short period and is now on the rise again. I know I keep banging on about oil but it is their biggest cost and is most likely to impact profits/losses.
COL crisis may also have an impact as well.
Probably went a bit over the top with the figures. But the basic gist is that it would take a ~€300mn profit in Q2 FY23 for the loss to be equal to last year’s figures.
That is highly unlikely IMO.
Media and the market will probably portray it as ‘profits drop by X% compared to H1 FY22.’
Just had a look on Wizz Air IR. It is a 6 month update. H1 FY23.
The update will be compared with the H1 FY22 figures so loss will almost certainly widen or at the very least stay roughly the same.
Fuel costs were €256.9mn for H1 FY22. Fuel costs in Q1 FY23 alone were €508mn.
Similarly, underlying loss was €125.2mn in H1 FY22. In Q1 FY23 it was €452.5mn.
I believe the next update is for six months up to September 2022.
So oil price and USD will definitely be a big factor. Bookings should be good though. As for the loss, that could widen as that period was the worst for oil prices.
Having delved deeper, they do have €1.6bn in cash. I stand corrected.
However, operating loss was €284.5mn in Q1 2023. For comparison, it was €213.6mn in Q3 2022 and €108.7mn in Q1 2022. The underlying loss figures were even worse.
I was simply stating that the price will drop further IMO due to the financials and recent OPEC information.
The financials may be bad now but I think in time things will improve. The next 6-12 months will be tough though.
Fundamentals, trading updates and the wider situation clearly do affect the share price. The carnage after the government muck up proves that.
My broker has some data on share fundamentals for each share. Going off that it looks like total liabilities are ~90% compared to total assets. Situation has worsened between 2020 and 2022. I'd be looking closely at the next trading update to see if it improves.