Easyjet Share Discussion Threads

[danvandan] 23/9/2022 16:49

Who says I'm talking about 'one day'? The shares are in an established downtrend, the wider economy is in a downtrend, inflation is in an uptrend, interest rates are in an uptrend. No hearsay and no speculation - these are the facts. EZJ's share price is responding accordingly - you'd have to be blind or stupid to not see it.

Btw, hedgies are shorting EZJ hugely again - the smart money agrees with me.

[selkirk69] 23/9/2022 16:44

DVD, one down day doesn't make a difference, especially when it's been carried down by the tide.I'll wait for real news on 13th and avoid speculation and hearsay as usual.

[qantas] 23/9/2022 16:39

Please do your own research as always.

[danvandan] 23/9/2022 16:38

selkirk, perhaps you should continue to post even more rarely - unlike you, I've been completely right about EZJ so far this year. The end is nowhere in sight. We may well go below £2 here.

Jason, I presume you're the same excited mustard sandwich fan who latterly posted as jasonpugh. You were wrong back then and you are continuing to be wrong now. EZJ boasting about their little holiday company is a red herring. The main business has lost money all year long, despite a claimed massive recovery in passenger numbers. Final year accounts after Q4 will likely show a £750m loss. The fact is that the market continues to evolve badly for EZJ; fewer in-person meetings due to online meetings now being the norm, has taken a huge amount of business travellers out of EZJ's customer base; recession will reduce the number of ordinary holidaymakers, especially families; inflation is hiking costs for EZJ in every direction, but especially fuel and labour costs. All of this is adding up to a number of profitless years for EZJ, and given high interest rates, possibly another rights issue.

There are an awful lot of rampers here who seem to be in denial about what the share price is telling them. These are the same people who were claiming that the shares would soon be back at £7+ over recent weeks and months. I suggest you all stop mindlessly ramping and get comfortable with being in a loss-making basket-case for a couple of years.

[qantas] 23/9/2022 16:34

Dan the Man

Think you may find rights issues devalues shareholders value.



Still £8 lost per share plus the rights devaluation.

Please do your own research as always.

[jason_scrap] 23/9/2022 16:28

Err no it isn't... Read the news ffs. Last year losses were to the tune of 1.13bn this year on track for 35m profit. Remarkable recovery considering the past two years events have had on the business. Stop talking dribble lol

[danvandan] 23/9/2022 16:26

Blackhorse, you seem to be endlessly harping on about Currys being a great investment on this board and others, even though it is going down like everything else. Currys has massive debt and a big pension deficit, and is principally running on the capital which it owes suppliers. Currys will take a big hit during the recession and could easily halve its shareprice from here.

[danvandan] 23/9/2022 16:20

crazi you are completely wrong again - the bondholders do not own the company either (at least, not yet). The bid rumour was a total fabrication, promoted by 'friends' of the business in the media - shareholders were not consulted because there was no bid.

Qantas, there have been TWO rights issues since the share price was last at £11 and there are now double the number of shares in issue, so today's price of £3 is roughly equal to a fall down to £6 from £11. Still a big fall, but there's no sign that it's over because the business seems to be losing somewhere close to £750m this year and there's no telling how much it will lose next year.

[qantas] 23/9/2022 15:50

Wow what a price drop £11 down to £3 Stelios must be tearing his hair out.

Please do your own research as always.

[blueball] 23/9/2022 15:09

In freefall again.

[blackhorse23] 23/9/2022 12:08

One stock to buy CURY (LSE). https://www.google.com/amp/s/capital.com/amp/cury-currys-share-price-double

[blueball] 23/9/2022 11:15

Stay short.

[crazi] 23/9/2022 11:01

DVD - Management "don't" have to put any offer in front of shareholders. They would discuss details with Bondholders first and then decide if they think the offer is "good enough" to put in front of shareholders...

[blackhorse23] 23/9/2022 09:23

Landing in water

[datait] 23/9/2022 08:55

I have edited my message as I could see there would be a sudden change like we have seen. lol

The rally is on.............

[jason_scrap] 23/9/2022 08:43

DATAIT why have you edited this message? Just now it said... don't catch a falling knife. Now fill you're boots. I hope nobody takes you seriously lol

[jason_scrap] 23/9/2022 08:42

From today's RNS.... fantastic The easyJet holidays business expects to make in excess of GBP35 million profit before tax in this financial year serving 1.1 million customers and is targeting +30% growth in customers for FY23. This is the first step towards the strategic goal of GBP100+ million profit before tax in the medium term.

[datait] 23/9/2022 08:22

Time to fill your boots and big knickers.

[jason_scrap] 23/9/2022 07:27

Absolute nonsense that. Lol

[danvandan] 23/9/2022 05:18

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 18:07

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 17:36

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 17:17

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

[danvandan] 22/9/2022 17:02

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.