Member Info for sjsrace

12% yield, bonkers....

Doesn’t look like it… unfortunately, just don’t give back the last week

It has 90m of net cash so that would bring the ev to £230m, meaning the PE is more like 7

That is quite a big miss given they said they were confident of hitting the consensus in May of £38m+

I doubt very much it was done to shake some stock out.... £15m-£20m hit to the company's value is pretty material, why he needs £140k when he earns over £600k a year is beyond me, poorly advised and the Chairman should step in and ask him what he thinks he is doing. He could also have waited and done it when his options mature.

In any event, it is what it is, but its poor form in my view.

CEO sells £140k of stock, knocks about £15m plus off the value of the company, what an absolute idiot....

Where are the rumours Mav?

Jet2

Thanks Thumper, 007 step down

Thumper, where do you get the numbers from? Sorry if its obvious or you are in GCHQ!

Cheers

I agree, been trying to work out how they are logistically going to buy that much stock, presumably the company will have talked to big institutional shareholders and the brokers will arrange a purchase of some large chunks, but that is assuming the institutions want to sell at market value.

Its interesting that they didn't raise additional capital but instead said they would build the stake from already allotted shares, can't see why that wouldn't drive the share price or why existing shareholders wouldn't hold their stock to benefit from it.

Correct, new shares were issued and alloted to satisfy a share plan award. Impact on EPS would be minimal though

At last, giving something back to shareholders, couldnt sit on thw ridiculous huge cash pile any longer! Hopefully market responds well…

17% in a day just seems excessive (not that I am complaining) against all the other airlines albeit EJ is up 4.7%. Maybe its the shorts closing or just macro pressure. Hope it's a leaked bid! Suspect they will need to come out tomorrow as would be dangerous to hold it over the weekend if it has leaked.

O’Leary not shooting his mouth off and trashing the whole travel market makes a change. The day is young however…

Agreed on the outlook, that growth outlook is ballsy in this environment…

Yes it does, that’s a Saturday in 2025 though. Dont think they will hold their AGM on a saturday. Might be a typo

Last year the AGM was on 22 Feb, and then the dividend was paid a day later on 23rd. I would expect this time around it will be a week or so earlier probably held on 13th Feb, it needs to be held prior to the final dividend being paid.

I haven't seen a date for the 2025 AGM but haven't looked too hard...

Because the management are a bunch of imbeciles who don't know how to manage the messaging. In September they were flying, now (10 weeks later) there is a lengthening of the sales cycle. This lot seriously haven't got a clue.

But it did have go.compare, it’s a portfolio of products valued on the whole, not the individual parts.

Agree they need a better strategy around the rest but at least they have a jewel in the crown.