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EZJ Easyjet Plc

-32.80 (-7.15%)
Last Updated: 14:04:42
Delayed by 15 minutes
Share Name Share Symbol Market Type Share ISIN Share Description
Easyjet Plc LSE:EZJ London Ordinary Share GB00B7KR2P84 ORD 27 2/7P
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  -32.80 -7.15% 426.20 426.10 426.70 434.50 419.20 428.00 12,222,357 14:04:42
Industry Sector Turnover Profit EPS - Basic PE Ratio Market Cap
Air Transport, Scheduled 8.17B 324M 0.4274 9.96 3.48B
Easyjet Plc is listed in the Air Transport, Scheduled sector of the London Stock Exchange with ticker EZJ. The last closing price for Easyjet was 459p. Over the last year, Easyjet shares have traded in a share price range of 350.40p to 590.80p.

Easyjet currently has 758,000,000 shares in issue. The market capitalisation of Easyjet is £3.48 billion. Easyjet has a price to earnings ratio (PE ratio) of 9.96.

Easyjet Share Discussion Threads

Showing 24726 to 24750 of 27925 messages
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Let's wait and see. I suspect that easyJet will be a very strong recovery story into the spring. I have enjoyed average 94p a share profit but sit out now to buy on dips.
As the end covid becomes obvious even to the propaganda machine at the BBC people will back recovery shares. I live in Europe and they are well ahead of the UK in seeing the light.

Looks like you've been drinking the easyjet Koolaid 504. 'Massive headroom on pricing'??? I really doubt that. We're talking about a budget airline here. Fuel costs, landing fees, interest rates, all going up. Easyjet's rights issue documents show the big increases in costs. It's more like a hugely competitive market with Ryanair and whizzair keeping the pressure on pricing to grab easyjet business. The Q1 update this month will possibly give a quick reality check.

As for 'agility' - what is that exactly? I hear management squeezed the crews on wages, but if and when travel picks up, the crews will squeeze back. Very few pilots have been qualifying during covid and plenty have probably left the industry due to retirement. There'll soon be a shortage of pilots even worse than truck drivers, because it takes years, usually, for pilots to get through commercial training.

Anyway, I wish you all the best with your punt. The chart and volume does look as though this has run out of steam for now so the share price might fall back to earth and that might accelerate when the Q1 numbers are out.

DT cuts target price 720 to 680 hold
The landscape has totally changed and the budget airlines will emerge in a much stronger relative position. They are much more agile and able to respond to recovery. The model functions lean and have huge scope for scale and huge headroom on pricing.
Ultimately there is advantage to be had and despite dilution the current price will prove over the next few months to afford upside of around 30%.
However I expect a lot of enthusiasm for these recovery shares and it may well overshoot by a margin.
People who look to the past are fooling themselves.

Kudos to the easyjet management for managing to keep the share price up at these levels. Apart from the initial drop when covid landed, the share price has only dropped on the rights issues. Amazing amount of goodwill from investors. Could turn to bitter disappointment if the profits don't materialise in Q3 despite lundgren promising 200% increases in bookings. A crafty measure by any standard - We had 5 bookings, and it was a disaster, but now we have 15 bookings, so it's only a minor disaster...

But while the PIs are on board, it's all good. Looking a bit frothy today and RSI overbought but maybe there's yet more PIs to buy in...

Following a disastrous winter. 😊 Net effect, probably down overall on 2019. There'll probably be plenty of summer tourists, but business travel will be permanently diminished. Also competitors are rushing in - BA is starting short-haul from Gatwick in two months time. SAS is launching two budget airlines. Flybe is back up and running. That's just three which spring to mind that'll be grabbing easyjet customers.

Seen your argument about people not interested in details. You might be right about that. Lucy Tobin in the Evening Standard tipped easyjet because she thought the share price was under £12. She didn't even realise that there'd been two rights issues and the market cap is fully recovered to 2019 levels. This share isn't down at all, but the chart looks like it is. Fools rush in.... Course, if they keep rushing, it's all fine. Just don't get caught holding the bag...

£5bn company. £100m profit? £3bn in loans and £1.2bn net debt. Irrational exuberance....

Several articles about easyJet and others in the sector as a recovery play with a long way to go yet.
It's clear that restrictions lifting is a few weeks away and this will be an exceptional summer.

Lab contamination sparks false fears of new 'deltacron' Covid variant



EZJ target entry 505p (4 weeks).

X marks the spot:

david gruen
I think that it goes without saying that figures covering a disastrous period for aviation won't be strong. I don't think that the market will expect anything else.
However the important fact is easyJet survived and are ready and able to scale into recovery. Many other operators are not in that position.

I bought at 501 and it has a long way to run into the spring.
There's plenty of upside ahead as Europe opens up. This is not about one event but many. It's partially visible at the moment but that won't last long.
Hype and expectation will drive this into the spring. I have a 4 months investment window and expect another 30%. I believe that I will get it

I take your point. I think I've missed the boat here though. That story about lots of people planning holidays, was widely splashed yesterday but looking at the price action this morning, it doesn't look as though the market is going for it. BA were talking about searches on its website. Not quite the same as money in their cash account, but it seems that corporate reporting ain't what it used to be.

As for cherrypicking the chart - I picked a whole year! Even the peak market cap from 2019/20 is only 15% higher than now. Just looked at the annual report. The business has taken on £3bn in loans. Interest seems very low at about 1.5% average although that's still £45m a year that easyjet didn't have to pay in 2019. Maybe this is just a pause for breath on the shareprice, but citigroup has it as a sell with a 425p target. Berenberg (whoever they are) are with you on extreme valuation suggesting 700p.

Q1 report is due this month but no clue when. I hear bad numbers take longer to add up, so maybe late this month? I agree with you about private investors not being interested in detail - most never read an annual report. But when 'retail' rushes in, doesn't the smart money usually exit? It's a mixed picture right now and I definitely can't call it.

There will be many of these stories and it's easy to see that the valuation has potential to become extreme.
Of course you can cherrypick part of the chart but it's not realistic. At the time the aviation industry was in freefall and that's just not the case now.
The point about a recovery story is that it grips the imagination.
People largely aren't interested in the detail. They see a huge change of circumstances and will expect a huge change in the share price.
These situations always attract the herds of small investors and that will drive the share price.
Ask yourself which sector will benefit most.... aviation is up there.

I get the recovery story, but your second point 'punished to levels not far below the current price' is way off. The shares dropped to around £4 before the first rights issue. That was way way below where we are now, because a load of new shares were issued, and then in the second rights issue, a twice as many more. So there's twice as many shares in issue now (758m shares) as there were when the price was about £4 early in the pandemic (about 380m shares). Today's price is about £12 compared to the old undiluted shares at £4. Three times the low price level. This share has recovered handsomely, I would say.

I agree covid is in the endgame. The price today seems to say that easyjet will now make up for all of the missed revenue in what remains of this year with what you describe as the huge appetite for travel. Maybe it will. But it seems to be priced in now. If you think I'm wrong, what price do you think represents full recovery?

However this is a recovery story. The current and future situation over the recent past. The recent past was a disaster and the share price was punished to levels not far below the current price.
We can expect a huge appetite for travel in the spring and summer and premium prices. Survivors must be well placed to respond and easyJet are.
Covid is in the end game now and once numbers peak and hospital levels drop there will be a run on these shares. I suspect that valuations will become irrational in the circus.

Kicking myself for not getting on board here since it's been on a tear over the last few weeks, but just wondering how far it might overshoot upward. Average share price in 2019 for easyjet was about £12 but that was with half as many shares in issue (two rights issue since then) so today's price of £6.25 is the same as £12.50 in 2019. Can it go much higher? Looks like it's already fully recovered back to 2019 market cap but might overshoot on sentiment?

2019 was the best year ever for aviation and easyjet had low debt and paid a dividend. Price earnings ratio was about 20 by the end of 2019. Probably not the same situation now going on situation in most EU countries, but does anyone here have a view on earnings for this year? Q1 just finished. I read wizzair and IAG reported about 80% of 2019 earnings for their recent quarter. Is easyjet the same? Debt for easyjet is about £1bn. What's the exposure to interest rate rises here? Are the bond rates fixed (I'm assuming they are)?

Does anyone know when the Q1 report due out?

Hope you will get it this time.
time for common sense
There are plenty of jobs that require you to be vaccinated in order to do the job.
Airline crews are a prime example.

Taken 1st position in a couple of years yesterday.
From another forum. 5 Jan 2022 - UK nurse speaking about mandates; more sense than 99% of the bells at westminster. 2 mins long.Https://
time for common sense
New pcr regs should mean a great day for EZJ, IAG and RR tomorrow if it wasn't for the big drop in New York St Ex today!
From another forum. newspaper report
time for common sense
The definition of unvaxed has changed again! - it is anyone who has not have the booster yet and if you had it, you are still classed as unvaxed for up to 14 days, so side effects like covid symptoms cannot blame vax.
time for common sense
i bet you are an anti vaxxer Loganair and it is people like you taking beds in
hospitals who are responsible for the NHS being overloaded !

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