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I reckon 215p is overly ambitious... Definitely 165p-175p easily and a little above likely

Pokerchips - agree with you, blatantly a sign central banks need to trim their bank rates. BoE has foolishly tried to follow USA, they feared making a cut whilst USA holds would see inflation returning to UK markets (as many key imports charged in $ currency) but... the problem of BoE leaving a cut until the very last minute is the weak UK economy cannot cope. Damage could end up being critical, with insolvencies suddenly spiking the moment key thresholds are breached. The falling equities are absolutely telling BoE they need to make that cut.

Https://newsroom.bt.com/bt-group-rolls-out-energy-saving-cell-sleep-technology-to-ee-mobile-sites-nationwide/

👆One example of cost cutting which will deliver savings in future sets of results👌

My Wife reckoned EZJ was going to drop some more yet 😬... She was absolutely correct and fortunately I know to listen to her! As she does have a canny way of calling stocks impeccably well!

Czql5v - that's the great thing about BT... irrespective of what happens with AI the nation still needs quality, secure, fast data services; FTTP & 5G... The capex investment continues rolling out... sales of many data services packages and add ons to businesses and households will inevitably follow, for long after the initial capex investment was made.

BT is a solid investment whatever turbulence happens in the wider global economy.

AimMaster2018 you're dreaming... the maximum drop BT SP can fall too is around £1.27/8 IMO

Unionbasher - revenues/profits have been down for many businesses in Q1 this year. As inflation on raw inputs like materials + energy continued being very high, prices for those only reduced significantly from July onwards. Throughout Apr-Jun some customers will have used their spare money to pay down those accumulated winter energy bill debts and the other small debts built up like cc cards... so I think a slight revenue + profits drop is for Q1 is not unexpected at all. We know inflation significantly dropped from July, there's also the accumulated effect of the NI cut as each month passes too. So sales, revenues and profits should all start rising for BT in Q2+Q3, peak capex has now passed so the gradual capex slow down going forwards also helps.

For me these results are a green 🟢 light to continue accumulating more BT stock!

Completely agree velo and this update was neither good nor bad... it's just exactly on par with a little QoQ statistical variation (which evens itself out long term against other Q's which slightly overperform - the variance averages out over time)... very much a nothing to see here update imo.

A small decline for Q1 really... EBITDA only down 1% - the Apr-Jun Quarter this year was on the back of the second winter of v.high energy costs which then dropped significantly from July onwards (not captured in this update. So I'm anticipating Q2 and Q3 to look considerably better, the growth in uptake is where the future direction for BT reveals itself... that will only accelerate as the capex connects ever more homes and businesses!

Link here:

https://newsroom.bt.com/trading-update-for-the-three-months-to-30-june-2024/

Decent installation rates, cost cutting looks to have kept EBITDA is pretty on par, 1% away from exactly steady is just natural variation QoQ - I.e. to be expected given the v.large ongoing capital expenditure which keeps on rolling forwards.

Profit & revenues also within variance tolerances too and as the capex slows the costs will significantly reduce and the sales revenues will keep on picking up.

Everything looks steady as they point out with the line that says on track for FY25. Bit of a 'not much happening statement' really... the biggest sales/revenue generating quarter will be Q3 as all these new homes and masts will give many opportunities for new sales in the approach to Christmas (gaming/mobile/streaming). Q2 will have been capturing the sports services sales... good times lie ahead!

At 137p the divi is a 5.84% Annual ROI. Shorters going to be on fire tomorrow! 🔥

Hi Elllltelinv - good question... well I base it on the following:

1. No divi for EZJ + lots of shares in issue - to properly rally the SP the board needs to offer either a buyback using the profits or a supporting baseline divi to reward long holders.

2. The recent IT outage, worries on the economy and volatile global political situation (Gaza/Ukraine) will continue to hold the SP down somewhat.

3. The 11% revenue growth and 16% profit growth needed to have been +15% and +20% to have really got this stock sprinting ahead imo. It's a good Q update but it's not the stellar result which was needed.

For record I don't short, I've not got the experience. I'm not currently invested in EZJ - I was previously invested in Tui (sold up my lot on Jan 2nd 24) - I'm currently invested elsewhere in the market at the minute.

447p - that's my reckoning.

They'll get a better return if they wait until results tomorrow and sell into the rise instead.

EZJ have clearly done better than some competitors here so perhaps its the case they have stolen the lunch of other airliners Inc Ryanair?

11% revenue growth is a close to the wire in terms of what's needed to weather the looming storm of a deflating UK economy but... I think EZJ has clearly done a good job here in a tough year, far better than others.

Source: https://corporate.easyjet.com/investors/regulatory-news/news-details/2024/easyJet-PLC---Trading-Update-for-the-quarter-ended-30-June-2024/default.aspx

Masaimara - a wise pivot imo... OTB earlier this year noted weakness in their value sector and Ryanair now reporting big volume demand drops, obviously in the value sector too. Atop... when the TUI results landed my opinion was they should have been even stronger results, they fell a little short for my liking.

I posted today in EZJ discussion board because I think many indicators are now pointing towards big trouble in the high volume & value demographic (types H,I and J consumer categories). It's not just an Airliner industry specific trend though and is increasingly showing up in results data for many services businesses. I think the road to recovery will be longer than anticipated for all the airliners and certainly not helped by the many various crises over these last 18months either. Wise to pivot towards damage limitation and break even if your goals are short term.

It's quite simple why CPI are selling their silverware... the plan is to buy time for AH to turn the ship around but I'm just not sure he's going to have the necessary time & breathing space to save the vessel. A storm is fast approaching and the ship is now listing to a greater degree than it was 6months ago.

Beo1 - demand right now should be higher, had normal levels of growth been sustained post pandemic.

What's increasingly clear is not only is growth falling short but the shortfall can be directly atributed to certain demographics being unable to fully take part properly in the economy. When the 5* spa hotels are packed and the value hotels are struggling to fill their rooms then it's clear the issue is with particular consumer demographic types: in my view that's with H,I and J categories. Yes, there is travel and service industry demand but it's not currently properly distributed and that's why overall volumes are falling short, because the value market is a big share of the volume. The signs are all in the data and not just in Airliner results as fatprofits rightly pointed out.

Beo1 - one other thing to point out... even where theres heavy discounting going on there appears very little to no uptake. All pointing towards demand collapse and not towards mistakes being made by service businesses including airliners.

Beo1 - completely disagree, in my opinion this issue is not down to oversupply... Airliners rightly increased their capacity, in a steady manner, to account for what should have been healthy post pandemic growth. Now in a healthy economy the growth should have been highly predictable and so imo we're seeing signs of that correctly judged capacity being unfulfilled which imo can only be due to demand collapsing and not down to Airliner 'oversupply'.