Easyjet Share Discussion Threads

[jason_scrap] 23/9/2022 06:27

Absolute nonsense that. Lol

[danvandan] 23/9/2022 04:18

The board did NOT 'walk away from 800p'. No bid has been made for EZJ and no bid will be made for this business since it is hemorrhaging cash in a tough market where there is lots of competition. A false rumour was encouraged by the management team about a 'bid' during the last rights issue, purely to ramp up the share price. If there HAD been a bid, it would have HAD to have been put before shareholders - those are the rules. The management don't own the company. Spin and dishonesty have unfortunately characterised much of EZJ's communication with customers and investors this year, especially concerning volumes and revenue, constantly claiming that volumes were at or near '2019 levels' only for the revenue to not appear when the accounts are due.

Another rights issue is more likely imv, to avoid EZJ falling into a debt trap.

[crazi] 22/9/2022 17:07

Crazy to think the Board walked away from 800p not long ago...

I won't be surprised if the Hedge Funds start making moves for a buy out offer while they still can...

[datait] 22/9/2022 16:36

See £1.50 bad news coming oil price high. Interest rates keep rising, less money going about. The war not helping. Things could get far worse.

[blackhorse23] 22/9/2022 16:17

https://fortune.com/2022/09/21/long-ugly-recession-dr-doom-nouriel-roubini/amp/

[danvandan] 22/9/2022 16:02

Recession is rushing towards us, consumers are tightening belts and easyjet's future profits are smaller and being pushed further into the future.

Current market cap is £2.4m. If the business makes half what it made in 2019, a record year for flying, in the next financial year, then that will be about £180m. On a forward p/e of say 12 (given the demonstrably high risk nature of easyjet's business) I reckon a market cap of £2.2bn might be fair (shareprice of £2.80). That's assuming there isn't a complete collapse in consumer sentiment, because if that happens, all bets are off and the share price drop could well overshoot below £2.

The cost of compensation has been significant (wiping out Q3 profits) and the reputational damage will reduce future bookings. Q4 will show the level of damage to consumer confidence with regard to easyjet's bookings. Meanwhile, the drop in consumer spending will massively hit EZJ's customer base.

The EZJ share price has a lot further to fall imo.

[danvandan] 22/9/2022 15:53

So far EJZ's shares are performing exactly as I predicted earlier this summer, heading down to below £3. I'll repost my key message as an antidote to the rampers here, but basically, this share will be valued on fundamentals from here on, and the fundamentals look very bad as we tip into recession.

[commander77] 22/9/2022 15:53

That would be the airport not easyjet.

[jason_scrap] 22/9/2022 15:51

That's a long signal if I ever saw one lol

[blueball] 22/9/2022 15:49

Stay short.

[montyhedge] 22/9/2022 14:02

I would never travel Easy jet cattle class, even if free.

[diku] 22/9/2022 13:59

monty...tell your friend fly BA...you like BA first class...

[mike24] 22/9/2022 13:38

One-way flights from Russia selling out on
sky rocketing prices, re NYT

[crazi] 22/9/2022 13:01

Latest Short position changes... small reductions

Sandbar Asset Management LLP

1.96%

↓ -0.06%

Tue September 20, 2022

Systematica Investments Limited

0.69%

↓ -0.02%

Tue September 20, 2022

[oakville] 22/9/2022 11:58

Same here....Bought more and averaged down to £3.61 holding £9k worth.

[crazi] 22/9/2022 11:52

11 year low... crazy stuff. But great opportunities. I've bought another £20k this morning. Not buying more so will just hold now with a 2 year target of 800 to 1000.

Good luck all...

[panshanger1] 22/9/2022 11:38

10 year low

[pander45] 22/9/2022 11:36

Less and less disposable income equals trouble here.

[blueball] 22/9/2022 09:57

I make it a buy 250p.

[crazi] 21/9/2022 16:32

Covid peak Summer 2020 it fell to about 470.

So current price is ridiculous really as airlines are doing ok. Airports need to sort out staffing then I believe airline shares will "fly"...

[blackhorse23] 21/9/2022 15:38

dropping below 280p

[davethehorse] 21/9/2022 14:22

Due a decent bounce pretty soon imo

[oakville] 21/9/2022 14:13

Looka weak at the moment. Pinched a few 5 minutes ago.