The latest Investing Matters Podcast episode featuring financial educator and author Jared Dillian has been released. Listen here.
I was just commenting generally after the extended Zeus post before mine. Both....investor and general observer of many similar forecasts elsewhere.
Without detractcting from CNIC's performance, I don't know why any of the in-house brokers give an SP valuation as they're usually only telling their paymasters what they want to hear - and it hardly ever reaches their forecast SP.
I sometimes wonder if characters like our beloved JohhnyB are jusy bored MM's just looking to amuse themselves by winding people up. Why else would you have cause to sit here, fishing for reactions in the way he does?
I'm buying some more because I can........but only to spite the clown that is JohnBriggs, a "man" who seems to spend most of his time on here, thinking on an empty head and spouting bile towards a share that he he professes to have no time for. Every village has one, to quote a well worn phrase. Your logic made perfect sense, Rollo.
............might not help this in the short/medium term either.
BatteryMetals, "I'm a bit worried that AB's naivety and lack of experience as a CEO may be working against the interests of investors in JOG".
That strikes me as extremely unlikely in view of his former Ithaca backroom team. For those who don't already know......
https://www.jerseyoilandgas.com/about-us/board-of-directors/
dickupham, your last post was a great read and (despite this being off-topic) one line in particular caught my eye: "half the population - continue to bang on about global warming when the root cause of the world's problems is overpopulation." That is such an obvious statement to me but our dumb politicians would rather focus on the wrong end of the stick, that being "our dwindling resources" (Supply) rather than the angle that we can actually do something about, "over population" (Demand).
I've always wondered why they don't tackle the real problem through the somewhat obvious 'population control'. To me, the only logical rationale behind their avoidance I've heard is that they are unable to adopt this thinking because the likes of the pensions system and public services would eventually collapse if there was not an ever growing population to fund them. It's all about tax and BS at the end of the day, imo. Without some serious and honest proposals on this front we are doomed to failure financially and as a society anyway! It's just a question of how long we have got left. (Now, if someone wouldn't mind grabbing this soap box.......I'll, erm, just move outta the way)
If you'd listened to some of the clowns on here deramping when the share was around the £1.10 mark for as long as it was, before the latest RNS or when it dropped to 40p, where would you be now if you'd listened to their desperate ramblings and sold? My case rests, M'Lord. Be away with you and all your verbal claptrap, you bounders!
After that last RNS I cannot for the life of me think why there are derampers plying their trade here - or, of equal puzzlement, why some LTHs might be rattled by them. I've even forgiven Big Al for much of what I've criticised him for in the past :-) The derisking of AVA6000 (as in, it works!) has, for me at least, made these scrotes and the SP movements totally irrelevant. Ignore, filter or tell them how many you've topped-up. But just don't lose sight of the big picture.
FWIW, gut feeling suggests to me how this is now very close. Perhaps worth noting that AB only said that he felt "discussions" would conclude by Q1 (If not before - which was ridiculously optimistic just before Christmas / NY). Allowing for that, I assume they only release an RNS once all the legal paperwork has all been compiled and signed, sealed etc; THAT, I suspect, is where they are possibly at currently. Admittedly only conjecture on my part but get ready for an "I told you so".
"the Board now expects to exceed current average market expectations (1) and report a Group profit before foreign exchange revaluation and taxation for the year ending 31 March 2023 of between £370m and £385m."
(Based on company compiled consensus, the Board believes the current average market expectations for Group profit before FX revaluation and taxation for the year ending 31 March 2023 to be £317m.)
26 January 2023
Jet2 plc
("the Group" or "the Company")
Trading Update
Jet2 plc, the Leisure Travel group, announces the following update on trading.
Year ending 31 March 2023 (FY23)
Pleasingly, Winter 2022/23 forward bookings have continued to strengthen throughout December 2022 and January 2023. Consequently, average load factors are now slightly ahead of Winter 2018/19 at the same point (against a 24% increase in seat capacity) with pricing and margins significantly higher. In addition, the mix of Package Holiday customers has remained consistent at approximately 60% of total departing passengers for the season, 16ppts higher than Winter 2018/19.
Given these positive indicators, the Board now expects to exceed current average market expectations (1) and report a Group profit before foreign exchange revaluation and taxation for the year ending 31 March 2023 of between £370m and £385m.
Year ending 31 March 2024 (FY24)
On sale seat capacity for Summer 2023 is currently 6.6% higher than Summer 2022 at 15.2m seats. Forward bookings to date are encouraging, with the mix of Package Holiday customers representing approximately 77% of the total departing passengers and 1ppt higher than Summer 2022. In addition, average load factors for Summer 2023 are currently 1.0ppt ahead of Summer 2022 at the same point, with pricing strong and margins encouraging as customers' eagerness to take their much valued and anticipated holidays remains high.
Although the Group faces input cost pressures including fuel, carbon, a strengthened US dollar and wage increases, plus investment to ensure our Colleagues can thrive and have a balanced lifestyle, which may mean margins come under some pressure, we remain confident that with our customer focused approach and Right Product for these Tougher Times, our Customers will continue to be keen to travel with us from our Rainy Island to the sun spots of the Mediterranean, the Canary Islands and to European Leisure Cities.
The Group will provide a pre-close trading update in mid-April 2023 and will announce its Preliminary Results for the year ending 31 March 2023 on 6 July 2023, which will include a fuller outlook for the all-important Summer 2023 trading period.
I have a very strong belief in Avacta's current path and would say to Wyn (whose posts I have a lot of time for in order to provide alternative perspectives) if we were to continually worry about being left-sided by new miracle cures suddenly appearing then we'd never invest in anything - although I do realise he applies a 'medium term' caveat in his tecent post. What I would add is that his posts (rather like short term SP movements) will be of no concern whatsoever to those with a strongly held belief in the company's future, most of whom, I suspect, are never seen on this board. Those of a less strongly held conviction are the ones who are bothered by him, possibly through knowing they have been lacking on the research front in many - but not all cases. Just my opinion and no offence intended.
This is an iconic brand which deserves much better management than it has received of late. Pathetic.
Systemzero, I don't mind people attempting to deramp but we all would appreciate a little more effort than in your latest moronic post. As the absolute bare minimum you should be asking about the Covid LFT or whether Big Al's house might need repainting by now and how he might need to sell some of his shares to pay for that? Hmm? You, however, have achieved nothing other than to bring shame upon your village during your absence for this latest episode.