Member Info for Skindle

Just landed in a country that is not dysfunctional. When you step away from Blighty it really makes you realise what a mess our our current incumbents have made. To live here would be a dream. I sailed through passport control in two minutes with my Irish passport but my partner was nearly an hour with a British passport !!

Yet again these hot headed brainless people are dragging our companies down. The FTSE 100 is a diversified mix of industries that should be able to stand on its own two feet. But no, the ridiculously narrow focussed Dow Jones drops and our index follows suit !!

While this individual may be correct in his assessment today, I’m not sure I am that interested in the opinion of someone who created a profile on the 14th December and who first posted here on the 16th is going to bring much to the party so I am applying the filter button.

If IAG are set to announce a dividend payment, it won’t be coming from British Airways !

British Airways will not pay a dividend in 2022 and 2023 and there will be a 50 per cent matching contribution to NAPS if any dividend is paid in 2024; dividend is limited to 50 per cent of pre-exceptional profit after tax in 2025 and dividends exceeding this would require additional payments to NAPS if the scheme is not at least 100 per cent funded;

Agreed Fordm, the trouble with that is America is part of the problem, not the solution.

It appears to me that company performance is almost irrelevant when the American markets complete with their over excitable hootin’ and a hollerin’ traders decide that down is the way forward. The FTSE blindly follows and by its association the majority of constituents are dragged down with it.

One of the most negative brokers covering EasyJet has made the unprecedented move of raising our price target from the ridiculous 260 pence to 320 pence !

That is two broker downgrades in one day. I don’t like the look of this, I am losing confidence.

Following that disappointing start to the day, most airlines have now turned positive, even EasyJet is only down three pence as I type.

Raises its recommendation from sell to hold. Good start to the week.

A lot depends on the latest data this week. The good news today is that the UK economy grew by 0.5 per cent in October, slightly better than forecast. If inflation shows any sign of reducing tomorrow, this may encourage the Bank of England to soften its stance on interest rates on Thursday.

A further reduction on the 8th December of 0.12 per cent by two funds. The quoted total figure now stands at 3.35 per cent but this is only the funds holding short positions above 0.5 per cent, so assume it is a little higher. The point is that funds appear to be decreasing rather than increasing short selling in EasyJet.

At least the share price is advancing but it is struggling to break through 380 pence. Hope springs eternal !

To put that into context Livestock, UBS raised the target price of EasyJet to 600 pence from 565 pence with a buy recommendation three days ago ! It makes you realise that these brokers haven’t a clue, just like us !

Agreed Willy63 but three days ago UBS raised its target price of EasyJet from 565 pence to 600 pence. It makes a mockery of broker forecasts that one broker can be forecasting 250 pence while another, in fact two are forecasting 600 pence. Why when one forecasts 600 pence does the share price barely move but another suggests 340 pence and the share price promptly falls towards that level.

Wizz Air, Jet2 and IAG all up between one and five per cent. Is this share price drop more specific to EasyJet ? Very disappointing. Well done to those who bought early but is this the end of the slide ? I hope so but fear not.

Another thoroughly miserable day for the share price of EasyJet not helped by the Border Force announcing plans to strike over Christmas and new year. The good news is that short positions continue to reduce. Schonfeld Strategic Advisors LLC trimmed their position by 0.9 per cent bringing the overall amount of shares on loan down to 3.45 per cent. The share price has been in a down trend since the middle of November, no sign of a Santa rally, maybe he has decided to go on strike as well !!

https://www.reuters.com/business/aerospace-defense/easyjet-offers-french-cabin-crew-75-pay-hike-union-2022-12-06/

The number of shares out on loan has reduced further :-

https://shorttracker.co.uk/company/GB00B7KR2P84/

That one million share trade is nothing more than the uncrossing trade and entirely meaningless. A better second half than the first half of the day I’m relieved to say.