Easyjet Share Discussion Threads

[philanderer] 19/3/2020 10:05

smartie , it's not @rsing about wih shares, banks will be nationalised before anything else it's about things like this...

I overheard an old man ask where the eggs were and he was told there weren’t any eggs and he looked at his list that just had eggs written on it in spider writing.

FFS say something kind for once.

[tlobs2] 19/3/2020 08:12

Fund % short change Date changed

AQR Capital Management, LLC 2.10% 0.01% 2 Mar 2020
Citadel Advisors LLC 0.93% 0.10% 16 Mar 2020
Citadel Europe LLP 1.42% 0.05% 17 Mar 2020
Greenvale Capital LLP 0.55% 0.08% 17 Mar 2020
Marshall Wace LLP 0.75% -0.10% 16 Mar 2020

Total 5.75%

[smartie6] 19/3/2020 07:40

Looks like nationalisation is the only option, providing government will step in. I wonder how much a £200b bailout will buy in each company, perhaps 95%.
Pretty shxt to be a shareholder at moment. DYOR.

[amt] 19/3/2020 07:31

Easyjet CEO on radio 4 a few minutes ago. Although he said they have a strong balance sheet he was asking for government loans on commercial terms. With such a strong balance sheet isn't it a bit early to be looking at new loans.

[bergster56] 19/3/2020 07:04

I was ridiculed when I said sub 500p when this was 1100Clearly going sub 100p in weeks

[loganair] 18/3/2020 21:22

Connect Airways, the holding company behind Dublin-based Stobart Air, which operates the Aer Lingus Regional service, has fallen into administration in the UK, the Irish Independent has learned.

The move is linked to the recent collapse of Flybe. UK-based Flybe was also part of Connect Airways.

The administration means that accountancy firm EY now controls Connect and 49pc of Stobart Air. The other 51pc of Stobart Air is owned by its more than 400 staff.

Yesterday, Stobart Group, whose CEO is Warwick Brady, warned investors that it’s evaluating how to manage liabilities it has to Stobart Air.

"Given the current market conditions, additional liquidity is likely to be required and the group is actively reviewing the most appropriate sources of funds to cover the period during which the airport is affected by the Covid-19 virus," the company said.

But with confirmation to the Irish Independent from EY that Connect is in administration, it means Stobart Group is now on the hook for guarantees given in relation to a number of aircraft leases.

A subsidiary of Stobart Group, Propius, engineered a sale and leaseback of eight ATR turborprop aircraft to German firm Goal in 2017. The aircraft are used for the Aer Lingus Regional service. Lease agreements under the deal total $15.4m a year and are for 10 years, it was reported at the time.

There’s an option to terminate the agreement in 2023, although the trading update issued by Stobart Group yesterday suggests that the guarantees could be significantly more material.

The current Aer Lingus Regional franchise agreement Stobart Air has with Aer Lingus ends in 2022.

Propius received $62.7m from the sale of the aircraft, according to reports when the deal was done. However, it’s unclear where those proceeds ultimately ended up following the creation of Connect Airways in 2019.

[1 pound here we come] 18/3/2020 21:19

Well said philanderer.

[1 nhs] 18/3/2020 18:55

Government offer 10P for the share capital is about right.

[the white house] 18/3/2020 18:45

Worst tipsters in the Smoke. Yesterday they had a buy with a 1500 target, incredibly inaccurate. pathetic, cowardly cut so in future they don't look so bad

[smartie6] 18/3/2020 18:28

Just been tested and found out I’m immune to the bullshxt on here.
It’s bust.

[philanderer] 18/3/2020 18:26

FTSE100 futures 4980 - a while since that number , around 10 years.

Markets now going from pricing in a recession to the 'D' word.

Need no debt, cash and a regular income more than ever.

[gunsofmarscapone] 18/3/2020 17:48

FTSE 100 relegation next, too many unknowns now. Covid-19 may become endemic, hopefully not.

[porsche1945] 18/3/2020 16:56

I dont think gov will take stock in airlines, look at the mess they had unwinding their shares in banks, no way they will go down that route again, more likely debt/loan guarantees.

[porsche1945] 18/3/2020 16:53

@frazboy, agreed except Ireland dont have the money to bail out Ryanair.

[cashandcard] 18/3/2020 16:31

Government intervention means the state taking stock and likely cancellation of divi. It comes with strings attached. I think most just want state involvement until this crisis passes.


Cash

[albert3591] 18/3/2020 16:30

What is the news we need to hear to help airline industry,I just don’t know what it will be,maybe temporary government intervention will be what it needs.

[claret dragon] 18/3/2020 16:03

£5 quid

Have flown with Easy well over a hundred times on business.

I hope they dont go under.

Had stock also around 2012 for a year.

If travel ban lifted

Will they fill seats to their previous capacity?

[gunsofmarscapone] 18/3/2020 15:54

Nick that is indicative of just how dim Unite is! Typical crypto-Trotskyist run outfit. If the company go into receivership in three months NO redundancy cash will be available.

[nick9013] 18/3/2020 15:30

Ezy Union, unite have rejected peter bellew's proposal in favour of redundancy. Ezy bosses say planes can sit grounded for 11 months.

[philanderer] 18/3/2020 15:30

Yes, no way would a Conservative government allow a monopoly leaving those in jobs and the same number with a competitor unemployed.

[smartie6] 18/3/2020 15:25

Government will take stake in all businesses they bailout. Need to watch Committee meeting. Ultimately will protect public purse.