Easyjet Share Discussion Threads

[quepassa] 24/1/2017 16:05

According to ADVFN analytics, Easyjet has now fallen to the position of 109th by largest market cap.


In my opinion only, there is now at least a 50% chance that Easyjet could fall from being a constituent of the FTSE100 Index during the current 2017 year.


ALL IMO. DYOR.
QP

[tlobs2] 24/1/2017 16:03

The market has indeed spoken over the past few weeks and passed judgements on EasyJets performance.


On the 25th October the share was trading at 925p. Today it is currently 977p


UP 52p. UP 5.5% over the period.


Next up the target of the ex-div date which should see the share price rise by another 10% with the incentive of another healthy dividend.


IMHO

[quepassa] 24/1/2017 15:48

The market has spoken today and passed judgement on EasyJet's Q1 IMS.

Down 100p. Down 9.4%.


ALL IMO. DYOR.
QP

[robbiereliable] 24/1/2017 15:13

Dac123. Haha done one better, I bought literally they day before so have suffered an epic 10% plop. 8...O(

[tlobs2] 24/1/2017 14:05

Takeover rumours surfacing again.









Over at ITV that is ;-)

[buoycat] 24/1/2017 12:53

But will brexit reduce passenger numbers with freedom of movement constrained?

[dac123] 24/1/2017 12:47

Well for better or for worse I have just bought a shed load of these, so good luck. (two shed loads)

[bookwormrobert] 24/1/2017 12:33

Brett is Brexit of course. Damn autocorrect!

[bookwormrobert] 24/1/2017 12:15

Brett has been addressed in previous company communications. Easyjet can easily register as a fully European airline post Brexit - chiefly thanks to Stavros having dual Greek-UK citizenship, and thus Easyjet having majority European ownership. I.e. there isn't a problem here!

[tlobs2] 24/1/2017 12:11

LOL, up pops Andy who was predicting 1200 yesterday now pretending to be short.

You can't make this stuff up !

LMFAO

[andy pipkin] 24/1/2017 12:00

come to papa.

[mallorca 9] 24/1/2017 11:58

tlobs,
I don't know whether you follow Naked Trader ( I do). He has also mentioned EZJ as a possible takeover target if the price continues to weaken..
They may first suffer greatly though from a strong European stance re Brexit.

[tlobs2] 24/1/2017 11:54

They have a strong well proven profitable network and would be an ideal alliance partners for a large long haul carrier IMHO.

[mallorca 9] 24/1/2017 11:36

What I think is a positive for EZJ shareholders is the increased likelihood that they will be a take over target. Unfortunately the share price may fall a long way first.

[phillis] 24/1/2017 11:29

It looks like sterlings fall has mitigated the larger part of the revenue per seat pressures - a significant competitive advantage going forward
I dont think anybody expects a significant strengthening of sterling in the medium term

[dealer1972] 24/1/2017 09:39

It's a good set of results no doubt. The share price weakness is, as others have intimated, around the future uncertainty. There wasn't any commentary in there that put my mind at ease regarding brexit tbh. Certainly worth buying if it closes that 940p gap for the dividend imo.

[tlobs2] 24/1/2017 09:34

For those that didn't actually read the announcement.....

Summary

-- easyJet continues to deliver on its strategy, reporting a solid first quarter, in line with expectations

-- A purposeful investment in capacity across core markets supported an 8.2% increase in passengers

--Strengthened financial position: EUR500 million new bond issue; one year extension of the $500 million revolving credit facility; first tranche of the planned sale and leaseback programme completed and increased fleet flexibility secured following discussions with Airbus

Revenue growth

-- Number of passengers carried increased by 8.2% to 17.4 million, driven by a growth in capacity of 8.6% to 19.3 million seats and load factor decreasing by 0.3 percentage points to 90.0%

-- Total revenue in the quarter increased by 7.2% to GBP997 million reflecting the increase in passengers carried through the period. Revenue per seat decreased by 8.2% at constant currency or by 1.2% on a reported basis to GBP51.64 per seat

-- Revenue per seat trends improved slightly more than previously guided due to easyJet's market-leading network and attractive fares and resilient demand across all our European markets, despite competitor capacity increases within easyJet's markets sustained by the low price of fuel, as well as the impact from the Berlin Christmas market attack

-- Non-seat revenue continued to rise (+19%), driven by improvements to inflight product ranges and attractive partner agreements


Robust cost performance

-- Headline(1) cost per seat, including fuel, improved by 2.1% at constant currency, due to low fuel prices and easyJet's ongoing focus on underlying cost control. Headline cost per seat excluding fuel at constant currency increased by 1.1% during the quarter, in line with expectations

-- easyJet delivered GBP14 million of lean cost savings in the quarter, through engineering and maintenance, volume-related airport savings and the benefits of ongoing fleet up-gauging. This offset general inflationary cost pressure as well as additional disruption cost during the quarter mainly due to increasing EU 261 claim rates





And as a result of the above just added another block at 986p. Sit back relax and wait for that next dividend payment :-)

[mallorca 9] 24/1/2017 09:33

tlobs,
just stating that my reluctance to invest here is because of the great uncertainty that Brexit gives to EZJ. It could have a devastating impact.
As an airline I like it and use them frequently.

[nigelpm] 24/1/2017 09:24

Still under the pump I see - lots of pressure on pricing and costs rising with fuel and pound weakness.

[tlobs2] 24/1/2017 09:23

European airlines will have similar have similar agreements with UK airports I would have thought.

Some of the idiots in the media seem to think that it only works in one direction ;-)

[lucas5950] 24/1/2017 09:22

Didn't EZJ state it was to setup a subsidiary of its business placed in the EU so it could still operate within? As a precautionary measure?

[mallorca 9] 24/1/2017 09:19

tlobs,

yes but the impact will only develop over the coming two years.
EZJ has terms with European airports which may change, restricting their destinations / slots and significantly putting up airport costs.

[gunsofmarscapone] 24/1/2017 09:18

Done and dusted?

Must be an easy life being a goldfish....

[tlobs2] 24/1/2017 09:12

Why is that?

Brexit is all done and dusted. We are thankfully out !

[mallorca 9] 24/1/2017 09:10

The big risk to EZJ is Brexit - and that risk is huge.