Easyjet Share Discussion Threads

[mwainw1973] 13/9/2021 10:20

I know naff all about this rights issue just need to know if this is too good an opp to pass? Buy rating anyone ?

[kinwah] 13/9/2021 10:11

Stallone 10, yes as a market claim. As far as the company is concerned the entitlements are based on the holdings on Wednesday evening. But the shares were trading cum-rights on Thursday and Friday. So if you bought on Thursday or Friday you are contractually entitled to those nil-paids from the seller of the shares who would receive them from the company. It may take a little bit longer for the nil-paids to show up on your account but you are definitely entitled to them from the seller.

[yump] 13/9/2021 09:56

So presumably the decision whether to take up rights is just dependent on whether you want a bigger chunk of EZJ shares or not. Unless you sell some down now to end up at the same final number or value held as you had originally.

If you don't take up the rights and the rump is placed then you'd get that cash added to your account.

If you'd taken up the rights, then you'd have the equivalent cash value in the value of the shares in your holding.

So it doesn't matter what price the EZJ shares are after the 23rd September - you end up with the same value from the rights on the day, whichever action you take.

[stallone10] 13/9/2021 09:55

So do those who bought o Thursday or Friday get access to rights issue?

[1fox1] 13/9/2021 09:17

Kinwah, Sooty. Thanks very much for your input. Much appreciated.

[stockhunters] 13/9/2021 09:12

One of the safest airlines in the world and one of the best

shame covid is trashing all these companies but at some point we will live with it like we live with the flu or we reach a high enough level of natural immunity which big pharma do not want to talk about as they are to busy making so much money

will this go to 400p rights issue? maybe but long term covid will disappear and airline space will be the hottest sector in the world

[kinwah] 13/9/2021 09:11

1fox1, a rights issue is different from an open offer in as much as you are given something of value which is added to your portfolio in the form of nil-paid rights. At some stage you will get a corporate action request asking if you want to take up the rights or let them lapse. But even if you let them lapse you are likely to get some money for them when the shares not taken up are placed in the market (the rump). Again this is different from an open offer where you get nothing if you let your allocation lapse.

[kinwah] 13/9/2021 09:04

1fox1 your account will need some time to update. However by tomorrow you should see your nil paid rights, ticker EZJN.L on your account. 8am today was the earliest they could show.

[sooty snipes] 13/9/2021 09:03

Foxy. Here this is taken from the Halifax share dealing site. Sooty
==================================================

EasyJet Rights Issue:

We have now received further details about the EasyJet rights issue and plan to communicate with eligible shareholders from Monday 13th September onwards. We are currently experiencing high call volumes, if you have any questions about rights issues in general, please check our FAQs.
==================================================

[1fox1] 13/9/2021 08:59

I have a few EZJ shares in an online Halifax account. Up to now I haven't been offered these cheaper shares. Thought they would have shown up in my corporate actions section. Can anyone explain?

[porsche1945] 13/9/2021 08:55

Use the USD denominated jets etf to play the covid/airline sector trade. Much safer. Easy’ BOD ( means board of directors special needs tlobs ) have finally found a way to get rid of Stelios……;dilute him away!! This wont be last capital raise for Easy. 450 by Dec and another raise next Spring. Hester is the kiss of death. Heathrow is still 71 pc down on passengers, says it all.

[jswjsw] 13/9/2021 07:58

Nil-paid epic is EZJN

[bc4] 13/9/2021 07:44

YAWN to buywell post

[diku] 13/9/2021 07:43

Ticker symbol for nil-paid rights?...

[buywell3] 13/9/2021 07:29

buywell3 - 14 Sep 2020 - 22:42:41 - 13657 of 15096 Easyjet 2014 and beyond - EZJ


=========== The Future of the Airline Sector ==========


The future of the entire Global Airline Sector is 100% dependent at this time , on the outcome of the Covid-19 Pandemic.

Whilst this pandemic exists , and that, also for the present , buywell sees as worldwide case numbers increasing ; then so to will the Global Airline Sector be adversely affected.

Simply put Airline passengers realize there is a risk now attached to flying or indeed any form of travel in the presence of unknown strangers for many hours in an enclosed space.

Going to the toilet which is a very tiny space on planes/boats/buses and trains which ALL do at least a couple of times on say a 5 or 6 hour flight means this.

The person enters an area of approx 1M by 1.5M with a height of approx 2.5M
This room is less than considered safe by ALL Government Covid-19 social distancing regulations. This room (toilet) will have been visited by a very large percentage of the entire population on that plane/boat/bus or train. That is to say you have gone against the social distancing advice and breathed in the expelled air that all of those other passengers have breathed out or their aerosol droplets that their sneezes or coughs whist in occupance have produced.


In 2021 until a vaccine has tested that it works in a safe manner for a sufficient immunity period , until such a vaccine has been produced in the Billions of doses , until these billions of doses are then distributed Globally to all countries and the 7.8 Billion that will need to get it , many of whom can't afford to pay anything so it will have to free issue to approx 4 Billion people --- in 2021 buywell does not see this happening.

In the meantime it has been discovered that Covid-19 can be caught twice , which IMO is very very bad news regarding getting rid of it. Spanish Flu(last pandemic) was eradicated only because around 60% of the world population caught it , most lived , and most importantly developed immunity which meant they did not catch it again. buywell posits --- this is now NOT the case regards to Covid-19.

Conclusions:

a) Present data is pointing to Covid-19 being a long term event until a cure is found or a vaccine giving immunity for a period of time long enough for re-infections or new infections to reduce to numbers that health services can manage.

b) There is a worrying high percentage of people that do not want to take such a vaccine --- thought on how people can be made to accept a vaccine jab needs to be agreed upon ie WHO to take a lead --- perhaps mandates jabs for all.

c) Mutations of the SARS-CoV-2 virus continue, and there is now a very much more contagious strain ( X 10 ) in existence in many countries ie NOT the original Wuhan strain. This means some vaccines now under test might not work on whatever mutated strain is still causing cases in July 2021.

d) Because those people that enter a ICU in a hospital or need critical care due to adverse reactions to Covid-19 ie 20% currently ---- because those people that survive out of that 20% of Covid-19 cases and get discharged from hospital do so with a variety of severity of organ damage ( long term ) , the strain on Hospitals is going to increase exponentially whilst Covid-19 cases continue and existing discharged patients need ongoing medical treatments

e) At some point in 2021 on current Global trajectory of case numbers driven by India , Africa , North and South Americas and now the EU and Asia --- Hospital Services will cease to function

UNLESS

Strict Quarantine measures are imposed as was the case in Spanish Flu pandemic .
Unfortunately people of the present day with human rights do not react well to authority so such National Lockdowns that might have worked in the Spanish Flu pandemic won't work now.

-----------------------------------------------------


SOLUTION


The only solution in buywells' opinion is that mankind must learn to live with Covid-19 as another ongoing coronavirus ( ie become the fifth ) .

For such things as planes and boats and buses and planes there has been a way found recently to make this possible

buywell has posted what it is.

It will become the BIGGEST GROWTH AREA IMO in 2021

imo dyor

[kinwah] 13/9/2021 06:37

Diku, yes it should open around 578p. The nil-paids will therefore be around 168p. I would expect the first 30 minutes or so to see the price falling before some buyers come in later on. Nil-paids can be very volatile and in this case a 1 per cent move in the EZJ share price would see almost a 4 per cent move in the nil-paid right. Should be fun to watch. Enjoy!

[phillis] 13/9/2021 06:20

In case there was any doubt
“The Record Date for entitlements under the Rights Issue was the close of business on 8 September 2021.”

[loganair] 12/9/2021 09:25

Most airlines are holding 50% more debt and 50% more shares are in issue compared to 2019 which seems to me a lot to get over.

with interest rates likely to rise over the coming years more and more of the airlines profits will be going into servicing all this extra debt they've taken on.

[1crackupboom] 12/9/2021 09:07

Johnson tore up the proposals after scientists said vaccinations would be an effective first line of defence against a winter wave of the pandemic. But the move also represents a significant concession to Tory backbench rebels who had complained that enforcing vaccine passports would create a group of second-class citizens.Looks like travel stocks will boom. Covid was finished ages ago. It's the govt reaction to it been holding everything back. Airlines will boom with no testing no restrictions

[diku] 10/9/2021 19:48

So will this open around 578p Monday morning?...