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Odd RNS to publish because total voting rights is unchanged from last time notified by RNS on 2nd June. Each RNS costs money to publish.....

10.67p to sell 50,000 on AJ Bell. Let's see if any sells occur below 11p I think we haven't seen such a low since August 2025.

Maybe EZJ is worth more to Castlelake if broken up. Gatwick slots. Engines. Holiday business.

And imagine the boost to RYR & WIZZ share prices if it was eliminated. Maybe a bigger game at play here......

*News is needed

Could test 11p and drop if no news and PIs get impatient & sell. There's been support before higher than this but now appears to have stopped. No interest at all. Need is needed. Can't understand why the board cannot give an update on NCI even to confirm negotiations are continuing. Poor communication at present IMHO.

There's an opinion easyJet could fall 20% if no offer materialises or is not accepted. Castlelake need to get towards 800p to be accepted. Too much risk for me. I see far more upside with Wizz albeit long term. Steady as she goes. Happy to top up below 1200p

https://uk.advfn.com/market-news/article/18657/rbc-and-citi-downgrade-easyjet-after-takeover-driven-rally-as-castlelake-bid-uncertainty-persists-ezj

Yes I concur. JPM has held their position long term. Missed the opportunity to buy back under 900p so may look to engineer a position somehow. Then...... 💥. 2.5 million buys

Topped up today too. Toot toot 💥

Each neo engine is worth £10m. More possibly in current demand environment.

So EZJ engines including spares worth £2bn just from their 100 neo aircraft.

Castlelake could have an indirect interest in taking out EZJ even at a "loss" . Remove the competition.

The net book value of easyJet's owned assets is approximately £5.0 billion, and the vast majority of that is aircraft. However, book value isn't necessarily market value. Because Airbus A320-family aircraft are currently in very short supply, with long delivery queues and strong lease rates, many aviation analysts believe the fleet could be worth more than its accounting value if sold or leased out.

As a rough estimate:

Book value: about £5.0 billion.

Likely market value: perhaps £5.5 to £6.5 billion, depending on aircraft age, engine type and market conditions. This is an informed estimate rather than a published figure.

That is extraordinary when you compare it with easyJet's recent stock market valuation of only around £3.5 billion. In other words, the company has recently been valued by the market at less than the estimated value of the aircraft it owns, before even counting:

# its highly valuable Gatwick and other airport slots,

# its profitable holidays business,

# its cash,

# its brand,

# its future earnings potential.

This mismatch explains why aviation finance specialists such as Castlelake see easyJet as an attractive acquisition target. It isn't just buying an airline. It is potentially buying a portfolio of scarce aircraft and airport slots at a discount.

Also shows how undervalued WizzAir is at £1.3bn Mcap

Walkie T I don't hold EZJ I considered it when it dropped below 350p but felt my cash was better long term in Wizz who were around 900p and IMHO much more undervalued considering future potential.

Either a merger or broken up for parts would be an incredible boost for Wizz. Indeed Ryanair could offer a premium for biying slots from Castlelake and even then sell them off at a "loss" just to eliminate a major competitor.

Not familiar with where the majority shareholding lies and does Stelios have a restrictive controlling clause?

I can see it going for 725p to 750p. Good luck!

One possibility: If Castlelake ultimately concluded that easyJet was worth more broken up than operated as a whole. Selling assets such as aircraft, parts, airport slots, route portfolios, the holiday business to Jet2....

I did one top-up in the 800 zone. Average £11.46. Now in profit over 10% and anticipating the rise to £20 then £30. Even then the Mcap is only £3bn. Where's Pogo? ✈️💥

Must be a factor in the rise today And this last week since the better than expected results. And oil price lower.

Short position before the Iran War was 6 to 8% so much of the current positions were sold below 1200p or 1100p. Panic buying lol. Up up and away ✈️💥

In excess of 20 Max 10 aircraft for flight testing Johnbri4? Likely more ego-protecting fantasy figures.

>>Boeing hasn't publicly stated exactly how many MAX 10 test aircraft are currently flying in the certification programme.

However, the MAX 10 certification campaign has historically used four dedicated flight-test aircraft, and Boeing has continued using a multi-aircraft programme through the various certification phases. The first four were registered N27751, N2752B, N2753B and N2754B.

Wikipedia

The likelihood is further delays, union activity on the production line and O'Leary jealous rages about the future of Wizz (disguised as bankruptcy doom).

Meanwhile we're almost 50% up from when JohnBri was calling us out as fools for buying WizzAir shares.

JohnBri, JohnBri, show me your grey hair,

All along, down along, out along thee.

At eight-forty pee you mocked from your lair:

"Only a fool buys now I'm an expert you see"

But Wizzycum climbed up through sunshine and air,

While the LTH "fools" contentedly grinned with glee.

So JohnBri, JohnBri, show me your grey hair,

And tell us who turned out the fool to be!

✈️🚀💥

Very thorough analysis Yeslam thankyou. Very encouraging for the future.

One area where Ryanair clearly outperforms Wizz is ancillary revenue.

Take car hire. I book all my rental cars through Ryanair because they cover virtually every city, not just airports, and offer free cancellation. On the rare occasions I've needed help, their customer service has been excellent. By comparison, the last time I looked at Wizz's car hire offering, availability seemed limited to certain airports.

The same applies to hotels, rail tickets and parking. Individually the margins may be modest, but together they add meaningful revenue and help deepen customer engagement.

Given how successful Ryanair has been with this model, I've often wondered why Wizz hasn't pursued it more aggressively. Perhaps there's a strategic reason, but it feels like money being left on the table.

£12.13:finished following to 4.35pm closing auction.

Now 44% up from the recent 840p low.

@Frank6 the shorters with existing 9.5% position have no way of lowering the share price other than borrowing more shares to sell.

There is however an obligation to buy almost 10 million shares in future. To put it in perspective, that represents about 50x today's buy volume.

47% spread 🫪