Member Info for Nick1234

I first bought WIZZ in October 2022 at 1412p , so pretty much the level we are at today. Within 3 months, the share price had risen to 2900p, and I had doubled my money.

Any chance of history repeating itself?

Results are superb and I was surprised by the drop too.

I think it has been dragged down by Coca Cola Euro Pacific (CCEP) which also reported today and their result weren't quite as good. That is down 11%.

Completely illogical response from the market to an excellent set of results.

I also hold Coca-Cola HBC (CCH), and they smashed it out of the park with their results yet the share price is down 7%. Bizarre.

It always takes a bit longer than other shares as it is coming from overseas but it's normally in my share account 1 or 2 working days after the payment date.

I expect the brokers have received the money and it just needs allocating by them. Summer holidays not helping.

15% tax is deducted by Luxembourg government. Hopefully, this is the last time they take any as the HQ should be in the UK/ Jersey for the next dividend.

The market makers will happily accept shares at this price. There is still some profit for them in buying them at this price as the share price is still slightly below the deal price in case the sale falls through for any reason. The nearer to the completion date the nearer to the deal price the share price will get.

Personally, I've sold up and taken the cash now. If the deal did fall through and the share price dropped 60% I would be gutted to miss out.

Platinum down 8%, silver down 3%. This is going to be hit hard in the morning.

Trump has made refined metals exempt from tariffs.

Nice broker upgrade this morning that some might have missed:

JPMorgan raises Hochschild Mining price target to 390 (370) pence - 'overweight'

Silver back over $39 too.

Happy to hold here.

Half Year results on the 23rd too. Fingers crossed.

The parallels between this and Greggs are striking. Both share prices re down over 40% over the last year, both are vulnerable to weak UK consumer spending, both re Labour intensive businesses which have been hammered by the increase to the minimum wage and the increase to employers NI. There's an argument that both are ex-growth, although I think both companies would dispute that.

Very tempting to buy in to both shares given the low share prices, but both companies are very reliant on the UK economy and I'm not sure we can rule out further tax rises, and consumer spending will remain weak with GDP growth anaemic at best. If you did a Venn diagram of Greggs customers and B&M customers, I bet the cross over in the middle would be quite big, and that group are getting hammered left right and centre by rising bills, mortgage payments, childcare costs and frozen tax thresholds.

The light at the end of the tunnel is falling interest rates. BME also have a trick up its sleeve with the repatriation of it's HQ to Jersey which brings share buy backs in to play, probably in early 2026. I do feel B&M need to be more inventive, increase productivity and automation and reduce overheads. Price rises are hard to push through given the super competitive UK grocery market and a lack of disposable income amongst its customers.

I will be watching with interest.

Absolute ridiculous drop. Well overdone.

Yield is 6% at this price plus potentially buybacks starting within 6 months.

Some huge buybacks going through recently. Nearly £40m bought today and there has also been 2 lots of £50m within the last week.

Over the last 18 months the buybacks have made a huge dent in the total number of shares outstanding. Long may it continue.

The Q1 trading update on 15 July is not that far away.

I think we will run up towards 300p after the ex divi dip. If the results are good and show strong like for like increases then we could spike up quite a bit.

I expect the reshoring of HQ to Jersey to happen quite quickly which opens up the possibilty of sharebuybacks. The BOD will be keen to buy as many shares back as quickly as possible with the share price so low. Hopefully, the special divi isn't sacrificed to fund any buybacks.

Medium term, if we see LFL growth and continued expansion in France I think 400p is easily achievable. If inflation and interest rates fall and the UK economy can eek out some growth then 500p is not unreasonable.

I bought back in earlier this week. Pleased to see the new boss putting his money where his mouth is and just seen today's RNS saying that the CFO has invested too.

All travel stocks were down today, Jet2 by 4%, On The Beach 7%, Whitbread 1.6%. The poor economic data for April announced this morning is the likely explanation. Spending on holidays traditionally declines when the economy struggles, although post-covid holidays seem to be viewed less as something people are willing to give up.

All have had a good run recently so hopefully just a little pullback.

Mr Mazman, people expect the consensous guidance and WIZZ has missed that by a mile (some 33% off). Pre results, the share price is set based on that guidance. Any large miss will be hammered by the markets, especially at the moment.

Any way, I will continue to hold but it now looks like 2027 or a deal in Ukraine to see an uplift.

This time we hold above it and break through 600p. Might take a couple of attempts to stay above it but quietly confident we will.

That's all IMO and on the assumption that the price of oils stays roughly where it is, Trump behaves himself and there are no black swan events.

300p incoming next week.

Every chance we could test the 52 week high over summer.

Going Ex divi accounted for about 1.5 percentage points of today's decline. The rest is due to the declining fiscal position both here and in the US. Huge government debt needs addressing at some point but everyone keeps burying their heads in the sand, and indeed adding to it. Bond yields jumped again and are a viable and safer alternative to shares like BBOX which are laden with debt. A high inflation, high interest rate environment with little or no growth is bad news for BBOX and other REITs. See also British Land which reported today and didn't deliver anything to get excited about.

Still a lot of value here. Hoping that the gap to the NAV will start to close as interest rates reduce. And the income is pretty strong and regular.