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Robbren re price movement cause. I'd say it's mainly due a shorter's algorithm. Forced down the price to 1049 by selling on opening today. Then buys back, price rises to 1074 partly due to others buying too. Then short again.

It could be programmed efficiently to trade in this manipulative way. Triggering buys and sells. With low volume it only takes 100,000 or sells to drive the price lower by 2%. That's my take on it. Nothing to do with brokers or sentiment. Just ruthless shorting and profit taking. Rinse and repeat.

And keeping control of the share price also helps the bigger short position. More profit ploughed back into increasing that. I would be surprised if it goes up more towards 10%. No specific good news for months so it's a relatively safe strategy for now.

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Good morning all, heres to another captivating week. The shorters have become even more determined, maybe took some profits last week after H1 results buying back a few million but then wrestled back control by selling again. But we see from short tracker that some reduced whilst J P Morgan increased. It will take time for the power of long term investors to eventually break the hold of the shorters. I feel confident knowing that will happen eventually because of growth and profits, along with fixing grounded planes and switch from SLB to buying, credit rating improving, broker upgrades, institutions buying. Impossible to hold it back. Over 7 million shares shorted now which will inevitably have to be bought back. Happy to buy more, as I did at 999p last week. My average is £13.64. The fastest growing airline in Europe.

Excellent thorough analysis as ever Yeslam.

What I took from the post results presentation, although this is already known, was when Varadis said even with growth target adjusted down to 10 to 12%, WizzAir is still the fastest growing airline in Europe. It hadn't quite sunk in 🥰

Also the engine compensation details is not divulged. Does this directly affect the net operating profit?

Fairwind where do you get 33,150,000 outstanding shares from?

Isn't it 103,400,000 shares. That's the number in issue according to LSE data. Is "outstanding" something different? I always thought they were the same.

So I'm questioning your calculations.

Should open higher tomorrow if those 2.2m shares at 1113.823 (show as buys on ADVFN) are shorts closing. Odd that the other 607k are around 1082/1090

Looks like the tide has turned. 968.5 was possibly the nadir

Shorters wrestling it back down? Ruthless.

Not convinced this is simply profit taking.

Even so, long term this is a winner.

Reuters probably in corrupt association with shorters. They're all wazzers. Go Wizzers. Now 1163 and climbing, every penny up increases the chance another shorter will call it a day. Christmas bonus diminishing......

Robbren Pogo did have the decency to congratulate "shareholders" but so far no sign of Johnbri 🤣

Yes gotta be shorts closing now. And they have fear of the void zone between 1400 and 1600. Lack of sellers due to plummeting after previous results in June.

Do we trust Captain777 cruising above the clouds didn't take just a wee peek on cabin crew or passenger WiFi ? If not he's gonna be chuffed at 10am 🥰

Yeeeha over £11 now. Shorters caught short with their shorts down.

Yes just the dilution effect of the recent warrant shares. Caused the Richard Edwards family holding % to cross a threshold, triggering a tr-1 disclosure. No shares sold.

Profit up, debt down, free cash up, EBITDA up. Excellent.

3td consecutive day shorters failed to drive it down below £10. Unless their brief was to just hold it around £1010p

Higher volume again. Suggests significant buying. I predict a strong upward opening tomorrow. Whether it's enough to see shorters closing positions we shall see.

Excellent reasoned analysis & prediction Yeslam. Am I right in thinking your EPS prediction range is €2.90 to €3.38 ?

I just bought more at 999 for the long term. Budget priced airline ✨

Shorters may still believe they can drive it down further than the recent 968.5. Evidence from 2 days ago, when we know at least 120,000 shares were sold short yet the share price went up 2%, and yesterday (we will see later if any more shorts were added), suggests the strategy isn't working any longer. Borrowing ever more shares to attempt to quell a natural rise is ultimately doomed. The risks increase and the potential rewards do not. Maybe we will see greater determination today, I hope so because their ammunition is running out. To short it massively on results day needs millions more shares to be borrowed on top of the ~7million loaned already It's not an endless supply from institutions and funds. A lender recall could happen any time. A big buyer could pounce. The tide is turning. Fasten your seatbelts.

"Still not sold" surely you mean still not bought?

Short selling at 1100 is part of the strategy to force the share price lower. So for an example a shorter could have started selling at 1750. Shorting further at 1100 might lower their average selling price to 1600. So a rise to 1350 does not trigger buying back. Indeed it was shorted down even further below 1000.

There's likely to be an automatic trigger price. But buying back before that is reached gives greater profit. Once one makes a move there will be a cascade of buying activity.

But yes this could go on much longer if they can gain control post H1 results. Taking it down to the 800s perhaps. Whatever, it must eventually rise when they buy back and claim their profit. IMHO that will be before Christmas 🎁

Garydav2 yes there's probably 7 million shares that were loaned to short sellers that have been sold. All must ultimately be bought back. That's equivalent to approx 16 days of average buying volume.

Yes they could make profit but some may be caught out by a short squeeze. MMs could raise the price £2 in an instant if there's sudden huge buying. Potentially some could be "caught short" and forced to buy back at a price higher than they sold at. This is a risk they factor in.

Ah ok. Apologies. Maybe ADVFN has changed its system. Delayed trades were previously slotted in at the time of reporting, now it seems they are retrospectively slotted in back in time sequence! The more the merrier.

Onward and upward.