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Trading update on the 6th July should start the sector reset. GLA will expect a bounce across airlines on the back of strong summer trading and outlook. Lowering costs and recruitment improved. The Public want to travel.
UBS raises Jet2 price target to 1,580 (1,510) pence - 'buy' 25% premium to today....
And what do you suggest? buy back, director buys? deliver the numbers? only going to stabilise when the seller goes. if you have the cash and the nerves top up
agreed, but with the length of time to bring a new resource to market it's going to present a rather challenging pinch point as manufacturers need the metals to hit consumer demand.
no vague profit warnings? I assume the shares CEO bought will be held till it recovers - why would you sell at a loss unless the other board are offering to buy off you. Strategy hasnt worked but this is a good profit making business determined to pay out as a large portion of the fee earners are shareholders- see more upside in this than downside.
i sold 20% of my holding at close yesterday as ive been through too many result updates in other shares that no matter how positive, the SP drops. Wish i'd just tightened my stop loss. As it is a nice rise and further positive momentum with Wizz which will be a strong result before Ryannair knocks it out of the park to give this and Tui - todays add a boost. Not surprised to see the shorts trying to reduce here.
Not posted for a little whilst and invested pre Christmas here. Tend to use this board to see if any interesting commentary, its always amusing when one person so obviously trolls anyone else, are "new" on the board and claim to be going away once a constantly revised exit price is achieved.
Unless someone offers you industry knowledge or insight, avoid. Stick to your convictions as they have no more detail on this than Liz Truss has.......
for what it is worth, i work in the travel industry, Peak season half terms et al all look strong with pre booking. The "shoulder" periods less strong, however the airlines dynamic pricing will support growth. They are also on great airport deals as the airports need the passenger volumes to commercialise. Win win for passengers who are traditionally in the highest demographic anyway. Travel stocks hardest hit, however have shored up balance sheets and have traded well. Recovery longer term in the industry as "need" to travel remains. 2008 last major recession saw huge fall off in travel, this recovered over the next 2 years. I expect similar rebound by 2024/5 . Budget carriers put simply have the best chance of survival and the holiday arm of the business will continue to grow and tap into the package hol market of TUI/ Jet 2. Good luck
Lots of responses to this one poster. ignore, use the board for RNS notifications and short positions. Performance of airlines will ramp up and they will make money. if the market consolidates even better but there will be a stack of Comp and market clearance to take on first.
The dynamism of the pricing and the low cost operations of EZJ mean it will work and its a volume driving offer. anyone who gives price tgts is either a ) a pyschic or b) guessing. set your own target and limits. look at the fundamentals and look at the key dates in the calendar as these without other events drive the price ( in time) i think 26th is an ops update so suggest the positive price swing is reflective of the positive mood with Jan sales. then set your stop loss and sit back and see the share move back to a sensible valuation as sales and profit recover. The sector has been battered and is likely to recover as people want to travel. if not put your money in a different sector....
what utter twaddle. The compensation was a problem with the operational mess based on ramp up during the summer. I saw it first hand in a number of airports. Airlines, responsible for baggage/ ground crew couldnt staff up and delays caused. Border force is an arriving passenger issue, the planes arrived.
not really sure where you got the "market rules" RNS has to be released to dis spell any rumours. The SP is rising on two elements - one some excellent numbers from other operators - Ryanairs results were better than pre covid. Put simply they have taken share as routes are not being provided for and people are trading down. EZJ sit in the discount box so should perform as well. The other factor is the rumour mill. This is two fold, complementary with Wizz although dont see them having the scale to buy out EZJ a merger would be a better deal. or Acquired by IAG who boosted the balance sheet and then recovered quicker so now need to do something with the cash or give it back to shareholders. The value of the airline is materially depressed so would make sense for an acquisition but can't see it whilst Stelios is still a shareholder. This is going to run to the results on 29/ 11. Dec 2021 when nothing was flying, this share was at £5....... let that sink in.....£15 before the pandemic. even when the world locked down it was at £4.75 this is game changing levels to get in - if you believe the business will survive. Personally i think it will, we want to travel, we live on a cold wet island. Short hop in Europe works . GLA
looking at LSE all trades showing as buy's and some good volume. Not sure i trust this as would have expected the volume to have driven SP much more than this- unless there is a seller hanging around and dripping out the remainder. This is waking up technically with SP now above all the EMA's which with the price of nickel will get people looking at this.
As to the noise about acquisition, no idea why its not been snapped up yet
Still 2.89% of shorts to close - if they're going to ahead of a switch to the FTSE. At the Very least expect them to do this before it moves and a number of funds have access to buy into this / may be mandated as part of trackers.
Charting is helpful and this seems to have bottomed out so leaves 2 questions - what are they holding out for and who blinks first as any buys come with stamp duty post end of the month i understand?!