Member Info for Strike123

could be on the cards with today's results? With low debt and share price undervalued, a private equity firm or even Wizz Air could come back with a higher offer!
UK equities are grossly undervalued compared to US and EZJ is very much undervalued.
£6.50 offer will be rejected too by Lundgren!

£260M is market expectation whereas EasyJet says they can beat that figure!
With revenues of over £1.8bn for the quarter and over £5bn for FY, EZJ can easily make profits more than £260M IMO

I was about to say about the dividend and someone already mentioned. Yes dividend could be reinstated soon, may be next year. Majority of the cost is fuel cost and hopefully that comes down with recession but demand for EZJ holidays should be strong despite recession talk. Moreover UK recession is going to be mild so will be for Europe.

Lowest debt and back to 2019 revenue so share price should reflect the 2019 price.

Let's see how market reacts. Initial spike to 520p easily again my conservative estimate. It should be lot higher.

As at 31 March 2023 our net debt position was c.£0.2 billion (31 December 2022: £1.1 billion). During February 2023, a €500 million bond was repaid upon maturity.

Group headline loss to be been 420M and 425M which am not sure how market reacts.

But again for full year profits to exceed 260M!!!

Bit worried about market reaction on the earnings report. We were down by 7% from $207 on deliveries report. It actually climbed 7% before the deliveries report. This time not much movement before earnings. If the numbers are meeting expectations then still it could be dragged but I think $175 could be the bottom. If the numbers are good then back to $210 easily.

Challenge is to maintain record deliveries for 2M full year target and also maintain margins. Demand for Tesla is still massive. Just need to get that cheaper version and rule the majority of the market. Hopefully earnings report add some more news around new models. Hope Elon and CFO pull it off this time. GL

nicely ticking up. I was very conservative with price close at 505p but seems like a close of 510p is likely!

Giggey, in the last update in Jan I remember 10% rise on the day of the results. This time we could see similar rise. Even 4% rise is good enough for starters. Today we already did 3% so tomorrow 4% rise is easy IMO.
4% rise would take us to 520+ and this was hit in Jan already so easily it would climb to that price.

@Prime, hopefully from tomorrow 520p becomes the new base. With interest rates likely to remain same next month and inflation dipping to single digits, a positive sentiment builds and that should help EZJ to hit 540p - 550p easily next few weeks.

if we do a close of 505p today then a rise of 4% tomorrow would take us to 525p!
4% is not a big ask on the results day tomorrow

Next trading update is the key for the jump to higher highs. If Tufan doesn't have any fireworks in the update then probably same trading range continues. Confirmation of FCF and profit for full year should also help SP.
May 1st results?

If you look at the last trading update EZJ is narrowing the loss and is projected to be in profit for full year and that should bring fireworks to the share price. Citadel and Systematica have latest short positions under 0.48% and I expect those will be reduced further with positives numbers on Tuesday's update. So similar to RR, I expect a good 10% rise on Tuesday and should start motoring upwards for the rest of the year. Trading range to settle between 5.20 - 5.50 until Summer trading update. It could even touch £6. Would be wonderful if £7 is achieved for Santa rally. By end of the year £6.50 easily considering the profits recorded from Summer onwards. EZJ has the lowest debt in the travel stocks. This should do very well going forward.

Sorry what happened here? Last when. I saw this was trading at 185p and now 550p? Will read through RNS but would be helpful if someone is able to brief thanks

"shall i wait till Thursday to see reaction or not?"

If the numbers don't meet wall street expectations then could be a blood bath. But news seem to be around beating the expectations. Forbes think higher highs possible -

https://www.forbes.com/sites/bethkindig/2023/04/14/tesla-stock-what-you-need-to-know-about-q1-earnings/

Not seen it yet but the Twitter purchase was unnecessary. I'm still not sure what he gained out of it. It might his personal interest to have presence in social media but Twitter caused lot of pain for Tesla share price. All his share sales to fund the Twitter purchase was not received well by many investors.

Good thing is that Twitter story is now over. He is now taking about investing in AI and asking money from Tesla investors and SpaceX investors.

We need more news on battery side innovations, his solar energy business, new cheaper model of Tesla, usage of data collected by Tesla of the drivers.

Or even do flying Taxis that another company is already investing. If Elon takes up this idea of flying Taxis then that instills belief in investors that flying Taxis is possible and that will bring whole load of new investors into Tesla.

I read articles that say Tesla is becoming boring but in the current volatile climate boring is better with sustained profits which Tesla is making currently. Next week will prove that profits are still up despite the inflation and recession fears.

bb143, what did you do? Buy or waiting?
I was on holiday and didn't follow the markets but it looks like US CPI figures are down to 5%? Rates should fall in second half leading to money coming back in growth stocks.

Even the gap between unsold cars from previous quarter to this quarter reduced. This time it is around 18k cars that are in the inventory whereas in the previous quarter it was near 30k-40k?

Until the next update I guess it will now trade in a range upto $200. I will open a trading pot and will buy if it goes to $180

Peeps will start to load for next week dividend

Bloody hell nearly 7% drop!
Those numbers don't warrant such a big drop.

Here is from Bloomberg on 31st Mar about analyst estimate of Tesla delivery numbers -
https://www.bloomberg.com/news/articles/2023-03-31/did-tesla-tsla-price-cuts-fix-its-demand-problem-investors-will-soon-find-out

from above link - Analysts estimate first quarter deliveries of 421,164

Tesla delivered 422875 which is higher than analyst estimates! ?
Still a drop of 7%?
With oil price increasing, there would be more people looking to buy Electric vehicles.
I wanted a top-up under $200 so will wait and see how low it will be "taken" down.

Funny thing is that some of the media wants to write saying Tesla missed expectations. But all of Jan they were saying Tesla would suffer with the deliveries due to shutdowns in January for China New Year holiday etc!
Here we are with Tesla beating the production and delivery numbers. 5% drop is overreaction or more like sell on the news brigade out in force. There is also wider market going down.
Price cut helped the delivery numbers but it was more to offset the factory shutdown in January for China New Year holiday I feel!
Next quarter further price cuts may not be needed and margins could be much better for the rest of the year. Atleast I hope so.

After being out of HBR for a long time, am thinking of jumping in tomorrow. Missed the low $240 and can't see it going there now with the cuts.