Member Info for Stupmy

Well the SP is doing what it seems to have been doing every morning for a little while, it's looking for upside. Is that PI's actively buying or the MM's trying to move it up in the belief that the volume is to be found on the upside now? Still, very low volume each day, but the chart patter suggests that very soon the SP action will change. The sellers can't keep selling at 440-442 with buyers buying slightly higher each fall back without the price breaking up or down. We could do with an increase in volume to push the SP higher. Here's hoping it's today.

Good results and upbeat comments from CEO of Gatwick Airport. Growth in passenger numbers and revenues continues. More encouraging news for holders of EZJ. You can visit the gatwick site to get the detail.

Stille, I think the WHO commented along the lines of 'mPox is not a new COVID', suggesting they are putting the message out that it's not a pandemic. I don't get the feeling at the moment that it's seen as a threat to travel, just something that you should consider if you're not being careful with sexual partners. On a longer term timeframe I'm not worried about EZJ, but shorter term I am as I'm overexposed.

Failed again and the only 2h period in which volume increased to a credible level was a period in which the SP fell back. I know I'll ge punished for this, but my interpretation is that we have a good chance of falling back to 423 or lower (probably 418 or lower), but that there is some longer term interest and that we'll get beyond 442 in good time. I still do not discount 370-375.

Before anyone starts, don't bother with the 'if you call it up and down you can't be wrong bullsh it' and try to incorporate what I'm saying into your though processes (or ignore it).

I hope you're right VoR1. It's difficult to be desperately optimistic when a 10% rise in PoO doesn't result in a rise in SP. I like the way you're thinking because I'm long. In reality I won't believe it until I start to see a sustained rise in the SP.

Don't get me wrong, I think we will see a rise in the SP, but whether it relates to the buyback/cancellations is a different issue. Historically, we've had some good rises that have been difficult to explain on the basis of newsflow that changes anything fundamentally. I think we'll see that again and that many of us will see a good profit. The sustainable nature of the change is what's more important to me. That's the difference between a good profit and a very good profit. Still, I hold the faith and hope that all you say comes to be. Thanks for giving a view at least.

Trying again to get past the 440/442 level. I'd be more convinced about a move up if volume was higher. It's consistently sold in the 440-442 area, but the buyers are coming in slightly higher on each fall back. It suggests that buyers are gaining the upper hand, but the low volume makes me think that's a fragile advantage. Fingers crossed it'll break up. TUI is still looking for upside.

I daren't check it KO, nor my sock colours, I've feel daft enough for this morning.

You could have me up on stage with Diane Abbott and couple of abacusses doing presenting 'Countdown'. On this mornings performance Diane would whoop my backside!! Sorry again. Very fuzzy this morning.

Yes I get it, made a mess of it. But the question remains. Would a 3.2% (maxium) reduction in number of shares lead to a significant change in the SP? I don't think it would. It can't hurt, but I suspect it won't help us as SHs very much. If it were to contine year on year, it would likely have a positive impact. For me we need some good news to shift the SP. Broker ratings seem to be 22-30p. No brokers rating sell and no short positions. So apparently the wider market participants don't see a lot obvious downside from here. But we need a catalyst to generate some buying interest.

OK so the original number stated (1.8 trillion) was a mis thought/read. But the original calculation using the figures in the RNS was roughly correct. Cancellation of 60 million shares would represent a reduction of around 3.2% of the issued share capital. So, it goes back to my original question 'Is it reasonable to believe that that would have a large impact on the SP?' I think we have to wait and see, but I'm not sure that it will have a much of an effect.

Sorry for my foggy thinking here. Wasting a lot of bb space.

Something is still not adding up in my head. I've obviously still got that wrong.. 8 million pounds cannot be 30% of the company. I think I'll give up on the maths for today and go get some fresh air. Can someone with a clearer head tell me what % of the shares will be bought and cancelled if it's 60 million shares?

So having misread that share number, the buybacks could be 30% not 3% of the issued/to be issued shares. If that's the case, then I'm in agreement that it's hard to see how it could not impact the share price positively. Apologies for my error on that. Happy you've pointed it out and that makes me more positve on it's impact. Thanks.

I've had a quick look even though I suggested I can't be bothered. So the initial idea was 15 million dollars in buybacks. At 0.77 dollars to 1 GBP that looks like around 11.5 million pounds. Of which 3.5 million pounds has been achieved. Not much point being too accurate as the price changes over time. But assuming that the remaining 8 million pounds of shares can be bought at an average of 13.5 p, that would mean ENQ can buy and cancel almost 60 million shares. That represents 3.2% of the issued/to be issued shares. Cancelling those shares can't hurt the SP, but will it really significantly boost the SP? We'll have to wait and see.

If the buybacks from here are really going to influence the SP (I see the theory, but would like to see the positive impact) then it would be better for us as SH's if the update in two weeks is neutral to positive without being explosive. What I mean is that to buy back the remain shares for cancellation would be cheaper if the SP doesn't rocket. For that reason, it might be better if we see the continued buybacks (and cancellation of those shares bought back) before getting news of whatever deal AB is looking at for ENQ. Just thinking aloud, but the tighter the liquidity at the time of news of a M&A deal, the better.

Probably best not to get too excited. HBR's deal was greated with a great deal of excitement, a good SP rise, broker upgrades and now the SP is back beelow 280. This is all following a buyback programme of their own and regular communication with the market suggesting operations are going just fine and there has been no impediment to the deal with Wintersall being completed and even positive views that it'll complete as planned and on time.

Remember, as the share buyback was announced, there was excitement on this board that it would lead to increases in the SP (despite that not happening with HBR). The discussion this board relating to the SP has largely been wrong to date. The trend is your friend so, I'd just sound a note of caution as to whether the SP will rise as the buybacks continue and the shares are cancelled. To put the buybacks into perspective it makes sense to look at the issued and to be issued shares = 1 trillion 8 hundred and ninety one billion shares give or take. What is the outstanding figure to be bought and cancelled? I can't be bothered to look as I'm sure it's insignificant compared to the total number of shares. Another 25 million shares to be cancelled, represents 1.32% of the shares in issue. Just thinking aloud.

Interesting price action this morning. Volume remains low. Just touched the high from Mon 12 August around 442. A close above that might be encouraging for a rise to the 451 area.

Check out sometime after 14 mins and then again after 25:30. Just for interest, whole interview is easy to listen too.

https://www.youtube.com/watch?v=JXLJkUWidFU

You probably know I'm long there also. I have that as potentially dropping back to 434 (significant risk of 370-375), but am hoping or 451 or higher. I need more than 451 to even break even there. TUI looks to have bottomed, Whizz attracting some interest. IAG looking ok, so why not be positive on EZJ. I'm cautious on longer term areas like 638 etc, but it would be fab if it hapened!

I agree Stanley that the SP action suggests we've seen low and are moving up again to me. News changes everything and no-one can see into the future, but for the moment I'm optimistic we'll rise further. I see 28.95 or higher in the near term

Maybe it's the start of a change of sentiment towards the airlines? Maybe buyers believe we're near the bottom? Maybe just blind optimism, but EZJ looking perky in the first 10mins of trading.

Yes Poker, I thought that too. Things are more often slow than not in August, it should pick up a little in September (after the 14th?!). Also agree that for most markets this period, is most frequently a very dull period and one that you're best to step back from. On some it's ok, but not sure how you can pre-pick those. YOU was a big winner.