Easyjet Share Discussion Threads

[sapphireblue1] 25/7/2024 16:15

I am good despite the heat but I am still not a man.

[essentialinvestor] 25/7/2024 16:15

Exactly ffs, no view expressed here makes one jot of difference to the share price

Why are directors not adding post update..?

Goven the compelling growth story and all.

[undervaluedassets] 25/7/2024 16:01

Sapphire. you need to chill man.

[sapphireblue1] 25/7/2024 15:54

Ryanair are fine......did you not read the update. They are not at all fine. Their business model is no longer relevant for many people. Easyjet holidays are removing some of the DIY holiday business. Ryanair needs to move quickly to arrest the slide or maintaining their fleet size will not be viable. As more choice becomes available ryanair catchment shrinks. Nobody will travel to fly scabby Air.
When they report a poor summer people will take notice.
I have said it many times. I am speaking with people here in Malta and on the Costa del sol and they are on their first package. Converted from ryanair to easyJet holidays.

[undervaluedassets] 25/7/2024 15:45

Do you know what.. Ryanair are fine. Easyjet are (for the moment) better than fine

A bad quarter does not condemn a company. Warren Buffet says as much ... can't remember the quote but it is something like "a bad quarter is really bad reason to sell a great company" Ryanair is fine. Just for the moment thought Easyjet is doing better.

The travel sector is doing well but there is no belief from investors in the sector currently.

I think that the truth is that, most people (especially Brits) would rather starve than miss out on a summer holiday. So to me the whole sector (including both Easyjet and Ryanair) looks cheap.

[sapphireblue1] 25/7/2024 14:07

Ryanair are not in a good place. Travel is booming and ryanair are struggling. Their summer pricing is soft on very tight margins.
They have one product and very few choices about how they act.
They are universally hated by many they are only going to be first choice when they are the only choice.
O'Leary is deluded about his influence on the industry.
Easyjet can match their profit with half the aircraft if 20% of those seats were with easyJet holidays.
It will become obvious over the next 12 months but these results support the word.

[essentialinvestor] 25/7/2024 13:46

Let's just take a reality check here - O'Leary has taken a loss making aircraft carrier with under 10 aircraft, to Europe's largest airline.
Ryan made over €2 bn on pre tax last year and on current consensus will make approx Euro 1.6 bn for this financial year.

[noramping] 25/7/2024 13:40

Those price targets mean nothing if more people aren’t prepared to buy the shares pushing up the price.

[davius] 25/7/2024 13:32

RBC cuts easyJet price target to 550 (580) pence - 'sector perform'
Barclays cuts easyJet price target to 675 (700) pence - 'overweight'
UBS cuts easyJet price target to 785 (850) pence - 'buy'
Bank of America cuts easyJet price target to 670 (740) pence - 'buy'

[sikhthetech] 25/7/2024 13:19

Over tourism is a serious problem for local communities.

However, it will discourage tourists from visiting those places, leading to longer term problems for their economy. The solution isn't directing anger at tourists during the peak season. That's counter productive.

It's become all too easy to buy a property and list it on providers like Air BnB.
Government pressure/taxation is needed against providers like Air BnB.

Any action is more likely to impact Air BnB, housing market.

[sapphireblue1] 25/7/2024 12:25

Difficult to understand why Ryan are up 1.6% and easy down 0.8%

[weemonkey] 25/7/2024 10:11

My thesis is simple :

Judging by yesterday's update full-year numbers are clearly going approach best ever. Meanwhile share price is long way from being best ever.

[sapphireblue1] 25/7/2024 09:48

Yes it's true but it's a new issue. This is mainly a city thing. The brits tend to head for the Costa but the protests and unhappiness is in the city because tourism is changing.
Some places protests are about behaviour, this is mainly a British issue. Drunk anti social behaviour.

[cevodniya] 25/7/2024 09:48

Noramping,I'm seriously at a loss as to why you are on this thread.
You know Easyjets business model, you know the first 2 qtrs are loss making and the last 2 are well into profit.
You know that over the final 4th qtr the profit is substantial and therefore you know that it's 12 months profit is substantial.
Unless we can effect climate change it's unlikely to change in the future.
You know that Easyjets holidays are growing rapidly yet are still only what 6% of bookings?
Therefore you know the potential for growth is enormous without purchasing any new aircraft.
Seriously, why do you find it impossible to say anything positive about this company?
Why do you have so much interest on a daily basis, with regard to a company that you post so negativity about.
It's incredible.

[undervaluedassets] 25/7/2024 09:43

Saphhire .. i am agreeing with you.

I am just making the point that this summer looks busy. Hence the protests.

[sapphireblue1] 25/7/2024 09:21

The protests we have seen on the Mijas Costa are against Airbnb not hotels. The issue is landlords removing tenants or boosting rents because they can make more short term in the boom.
It's pushing prices up for locals.
We'll see more government intervention against private lets, many are without the tourist licence.
It suits me and easyJet holidays with more regulation against DIY ryanair holidays.
Hotels are booming not just because of numbers but because of occupancy rates with the flexibility of the easyJet model.
It's added 15% to our peak time revenue.

[noramping] 25/7/2024 09:03

The results were ok, slight improvement on last year but still shows that EZJ runs at a loss for well over 6 months of the year, it relies on a good holiday period to make its money.

I would not get to excited about the the progress just yet.

Facts are USA sneezes and U.K. markets get a cold.

[undervaluedassets] 25/7/2024 09:00

Don't think anyone pays attention to the brokers. Look at the numbers from the company that is what counts

That, plus the fact that Europe is so full of tourists that there are anti tourism protests in places like the Canaries and Barcelona tells me everything I need to know.

Tourism is booming.

[aishah] 25/7/2024 08:44

Have added here. Broker targets are considerably more than current price:

*RBC CUTS EASYJET PRICE TARGET TO 550 (580) PENCE - 'SECTOR PERFORM'

*BARCLAYS CUTS EASYJET PRICE TARGET TO 675 (700) PENCE - 'OVERWEIGHT'

*UBS CUTS EASYJET PRICE TARGET TO 785 (850) PENCE - 'BUY'

*BOFA CUTS EASYJET PRICE TARGET TO 670 (740) PENCE - 'BUY'

[undervaluedassets] 25/7/2024 08:39

A great update and the price goes down/sideways cos of weakness in the US stock markets.

That just equals opportunity.

You are getting great update and nice price at the same time. What is not to like

I have bought a few more first thing.

[noramping] 25/7/2024 08:32

Todays movement is general market reaction to USA yesterday.

[sapphireblue1] 25/7/2024 08:32

What a ridiculous market this is. Super results, strong support for summer which is well underway, a £10m upgrade in easyJet holidays profit guidance and a clear divergence from the losers at Ryanair.
I guess that the market doesn't believe them. I do I have been experiencing it.

[blueball] 25/7/2024 08:27

Down again this am.