RE: Takeover. I'd have thought WIZZ would be a better target for IAG.8 Nov 2022 19:15
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