And you beloved Ryanair is also down 3.25%. So not sure if it help ryanair in any way when other airlines in your opinion goes down. It will be more likely that there will be a huge change in the world economy and the way we live, therefore If I and others loose all our money there will be no more travell with ryanair either. You just need to be more realistic about it.
Which yoa are not is for everyone to see on this board.
All my opinion and good luck all
DavidKov
I am shaking with fear over bankrupcy. The shares goes down to £0.5 so what? I will loose all my money so what? My life will not change. But maybe yours will. I don’t know
You are just a strange guy anyway
I got back from my trip last night. After my flight from Kosice was cancelled due to fire in Luton I bought a nee ticket from Budapest to Luton. It was all smooth and on time as Wizz is well run and organized airline. The plane was full with just handfull of seat empty.
My original round trip cost was £30. And I didn’t purchase any aditional luggage. I have a wizz memebership which I renew every year. Most of the frequent flyers are used to the baggage police and travell light only with rucksac as a luggage. If this was to change and the ticket would cost lets say 40£ or £50 and I am aloud to take small trolley bag. I would still go and I am sure most of the people would still go.
I dont think you can put of a grandmom to see their grandkids, or student to travell to uni, or a person that lives and works in a differnt country and few times a year wants to visit their hometown to catch up with friend and family which is my case. £10 or £20 diffencr in price is never going to be factor that decides whether to go or not.
So spare yourself of that doom mongering non sense that media put out as a massive game changer for budget airlines. It won’t be, they will adjust and so will we the pasenger.
That is it from me
Good luck to all long time holders
I flew with Wizz last saturday for a short break to Slovakia. The plane was almost full and everything was running smooth from Luton Airport.
I am due to fly back today afternoon and just saw the news that Luton airport is currently suspended due to fire in multistorey car park.
It is just one bad news after the other. Maybe Wizz is cursed after all. But I still believe its a great company. All of these events have nothing to do with Wizz, its just bad luck in the strange period of our lives.
All the best for long time holders
Today broker rated Wizz as follows
JPMorgan cuts Wizz Air price target to 3,900 (4,300) pence - 'overweight'
Around 10% reduction from their target, which is around the same as Wizz prediction of lost revenue due to engine inspections.
DavidKov
I almost lost my breath when I saw your post today. What a turnaround in your view of this share?
You were almost one isolated negative poster on this board and sudenly you can see things in a different light. I applaud you.
As the saying goes. No point having a mind if you never change it!
I was actually puting those points to you in your earlier posts. Where I have mentioned that this financial year is forcast profit cca£400 mil. So we know this company can make some serious cash. We can only hope that there will not be any events that can halt the travell again and this company will do well into the future.
All the best to all shareholders
I have been watching, reading and investing (not very succsefully) for about 6 years and what I don’t get is what market wants to hear.
They want divindeds , when company pays dividends shares go down because company pays divident and not invest in the future.
They want growth, company anounce 20% grown in revenue in one year and shares go down because company is investing in the future and not peying dividend.
It is almost laughable how stupid this all is.
All in my opinion abviously.
Have a good night all
Good evening all
I was just wandering if anyone of you posting here actually flown with Wizz ?
I do. I am from east european country and fly reguraly. When I moved here 16 years ago there was only ryanair that we could get a reasonably cheap flight and only from main cities. But for last 6-7 maybe 8 years the Wizz is a game changer in eats Europe. And also there is a big economic shift in east europe where wages and lifestyle is quickly catching up with the one widely used to in the west Europe.
I think mr. Varady knows there is oportunity to grow in this region, the biggest set back is continuing war in Ukraine which along with Russia was the big target for growth.
I just read the Q1 resulst from early august. Debt was down around 100m from around 3.9b to 3.8b. But cash has increased also to around 1.8b. And we don’t know how much does it cost to service that debt but we know that profit will increase greatly this year. So Hopefully that should keep bringing that debt down faster and greater.
Last year if you remember was a lot of cancelations due to lack of prepareness from airports and airlines to cope with demands, this lead to huge conpensation payouts which resulted in losses for the period. That has not happened this summer and guidence says there will be around 400 mil in profit for current financial year. If that is repeated and grown over next three to five years this company doesn not need a capital rise from shareholders. It will be sufficient. What I believe is that Our CEO is very driven to grow this company and its value, he is personaly invested not just being put there to draw his salary I thing he is a cofunder if I remember correctly, and that is a big difference.
That is my view of this company and that is why I am invested.
Good day
I am down few thousand on this share as well. I take positive view only from the fact that Josef Varady wants to receive £100m bonus if shares reach £120 a share. Although this was extended by another two years I think because clearly its not going the right way atm so more time will be needed to get the sentiment back to airline stock and their growth prospects. So I am giving it another 3-4 years before we will see share price to go past £50
Thats is my view only