The next focusIR Investor Webinar takes places on 14th May with guest speakers from Blue Whale Growth Fund, Taseko Mines, Kavango Resources and CQS Natural Resources fund. Please register here.
Probably a bit of profit taking being done too after a good month, I have resolved to hold JET2 long term, feeling that a few percent drop is nothing to worry about currently.
Also think that H1 results will be good, but I'm even more encouraged that JET2, with a market cap under £2b, are planning to spend multiples of that figure on new aircraft purchases in the relatively short term, tells me all I need to know about the direction of travel here...
Stu
So, in a nutshell, are Evraz asking the bondholders permission to change the terms of their contract due to the current sanctioned circumstances?
Stu
I feel today's sanction news is not confirmation that matters have worsened, but more confirmation that things have not improved...
As/when/if sanctions on and around Evraz are lifted, this will be done simultaneously on the parties concerned, so any additional persons being added seems irrelevant.
Indeed, it is without finality until the corpulent chanteuse strikes up...
Stu
To be clear, I'm not saying Liz Truss single handedly instigated the sanctions situation, I just think it may prove simpler to resolve diplomatically without her being involved.
Just my opinion, no more, no less.
With Liz Truss exiting 10 Downing Street, I feel that a solution for Evraz might prove simpler...
Don't get me wrong, I'm not saying our situation will be resolved any time soon, but Truss was Foreign Secretary when Abramovic was sanctioned, and she was always talking tough on the subject, leaving little room for manoeuver.
I'm just thinking that with her out of the Cabinet (one would think permanently), there is a greater chance of a deal being done, for example, the large shareholders could buy out us smaller ones potentially in due course - something that would never have been allowed to happen with Truss around??
I'm relatively confident the company has no plans to screw us over currently, so it's a waiting game for now...
Stu
My thinking is that at current prices (I got in at 55p) ITV is a bargain, if things carry on as usual I'm on a decent dividend, if they become a takeover target then the share price will undoubtedly increase.
I read recently that ITV bought Plimsoll Productions and learned that they are one of the world's biggest natural history TV production companies, deals like this make me think that there is a place for ITV alongside Netflix etc, who are always looking for content.
Stu
Agreed, JET2 have been affected by market and probably sector woes without really deserving the SP nosedive.
I had these when they were called DART, and thought I had missed my chance with JET2 until recently, so thinking myself lucky to get in at 706p - sure they might go lower, but they'll recover without a doubt.
Sure there is a degree of uncertainty out there, but JET2 don't have much competition currently (Thomas Cook gone and TUI scrapping the trusted British Thomson brand), giving JET2 an 'open goal' - more than making up for cost of living concerns, which might have hit bookings.
Scaff - as if to reinforce your post, from JET2 website...
https://www.jet2plc.com/news/2022/11/ATOL_licence_increase_shows_continued_success_of_Jet2holidays_
All looks very positive, pity they dated it 07 Nov, instead of 07 Oct!!
Stu
bald_eagle - ITV is far from unique in having a dented SP currently - macro conditions have knocked down indexes across the globe, so to use ITV's low SP as evidence of business weakness at the moment, is frankly wrong.
At this low SP, and therefore market cap, it's easy to mention ITV as a takeover target, but the same could be said of many other businesses who have undergone similar (temporary) SP declines - if ITV are, in your view, such a poor proposition, why do you rate them as a takeover target? Generally takeover targets have a bright future, yes??
Either ITV is 'an absolute bargain' or a (rudderless)'ship', so either ITV is amazing or dreadful? It's never so binary, when investing surely?
Personally see ITV as a consistent profit maker and dividend provider, with huge upside to SP and business opportunities - they have been buying other production outfits, for example.
Commercial Television will never, ever become obsolete. Freeview is the UK's biggest TV platform.
Posting made in good humour, I have no problem in being corrected if I'm in error.
Stu
Not a chatty bunch then? :-)
I am mindful that there must be longer term holders than myself, who have endured watching the SP slide, been there, not pleasant...you have my sympathies
Was glancing at MONY's H1 results from July - 'performance was ahead of expectations, with a stronger return to growth in travel insurance and Travel than expected' - I'm thinking that sounds positive for JET2 also, so looking forward to our H1 results in November.
Stu
I'm with Basil on this one, P/E is at 3.85 which is better than the vast majority (current PRICE /last year's EARNINGS), and H1 results reported £219m pre tax profit, up from £133m last year.
H2 will be better than H1, as is usual, because of Christmas etc and also World Cup additionally this year to boost the coffers.
Interim 1.7p divi gives me about 3% alone, Final divi might well be improved on last year's 3.3p, making Basil's 8.6% possibly a conservative figure going forward??
Haven't even mentioned the possibilities from BritBox and ITVX, remains to be seen, to be honest.
Stu
Further to posting earlier in the week, I bought in to JET2 more fully a few days ago, now averaging 706p, down 1.48% currently.
Reputationally JET2 are second to none at what they do, by word of mouth, which will lead to a great deal of repeat custom.
I like the fact there are only 214m shares in issue, and also, unlike others there was no raise due to covid and its ramifications - points to the fact that JET2 are well run...
Current SP a steal imho, will 'bag' from here in a year or two maximum, maybe sooner depending on the H1 figures, to be announced 24th Nov apparently. SP was a year high of 1434p.
Hopefully SP recovers a bit next week, as the recent 'drama' abates, returning to a semblance of normality.
Feel there is not a lot of competition to JET2 currently, should lead to greater market share.
Any idea why JET2 is still in AIM? SP would surely get a boost in the FTSE??
Debt figures look OK, anyone with a better insight than me?
I probably forgot to mention something, but that's my tuppence worth for now.
Stu
I conversely actually added, albeit modestly, today - I plan to monthly buy for the forseeable future, I think these are one of the better UK shares to buy currently. Not a great deal of competition as far as I can ascertain.
JET2 website announced Greek expansion today, not the action of a struggling firm imho
Stu
To be honest I'm intending re-investing my GKP dividend too, buying more shares makes sense to me - I'm averaging 240p and I thought that was cheap, but current levels are a steal, surely?
The company has demonstrated confidence last month by repaying $100m bond a year early, and since GKP have paid dividends every couple of months this year, its surely a possibility we may receive another before years end??
Plan to long term hold GKP
Stu