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EZJ Easyjet Plc

-2.20 (-0.49%)
21 Jun 2024 - Closed
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
  -2.20 -0.49% 448.90 449.50 450.20 452.80 443.40 448.90 8,445,967 16:35:29
Industry Sector Turnover Profit EPS - Basic PE Ratio Market Cap
Air Transport, Scheduled 8.17B 324M 0.4274 10.53 3.41B
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 451.10p. 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 £3.41 billion. Easyjet has a price to earnings ratio (PE ratio) of 10.53.

Easyjet Share Discussion Threads

Showing 24851 to 24872 of 27725 messages
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Been flying lots last 3 weeks. Airports packed again. Think we will be surprised by positive impact on airlines this year. Think will be a year from now on. Very strong next 2 quarters coming for all airlines.With emirates every business / first seat sold out on route I was on
Just the allergic reaction that wasn't so good :-)
ben gibbons
Mustard tasted quite good actually 😳
Lol hilarious :-)
ben gibbons
Well, it seems the black swans have come home to roost and put easyjet firmly into mustard sandwich territory (496p). It seemed obvious to most ppl though.
Yep, that mustard sandwich certainly was a 'rash' promise to make, given his alleged allergy. Still, any physiological reaction should take his mind off his losses on his EZJ shares.

Interestingly, jason is also offering to eat 'humble pie' on another board. Seems a lot of his investment strategy centres on his gut, so to speak.

Mustard sandwich looming Jason ;-)
ben gibbons
This was under £5 just a few days ago - no 'black swan' event needed for that. No real telling which way it'll go over the next few days, but as has been pointed out, when the market moves on from what it thinks are 'recovery stories' and realises that EZJ isn't one of them, then the share price will be valued on fundamentals.

That may have happened already. The pandemic is mostly behind us. Now many investment houses are talking about coming recession. Only Apple is holding the US market up for the moment.

Sandbar are the 'conviction trader' shorting eZJ at the moment and they reduced their short on Thursday, contributing about a quarter of the buy trades on that day, possibly for fear of getting burnt by another wave of optimism. They're still short almost 1% of the total share issue though (about 7m shares). Their short reduction was most probably risk management more than anything.

Key aspects are two-fold. 1, in 2019, a record yr for EZJ, the business made £350m net profit. 2020, they lost a billion. 2021 they lost £800m. This year they will probably lose another £500m (already down £500m but I'm guessing a smaller loss for this quarter 3 balanced with a small profit for Q4). Maybe a profit in 2023 but it will most probably be a small one as it tries to tackle inflation and borrowing costs while also confronting a slowdown in consumer spending. So the fundamentals don't really support a bullcase based on EZJ's current market cap of £4bn.

2. The coming recession. All boats will sink on the descending tide. There is just too much going wrong right now. Inflation has been stoked by years of money printing. The Russo/Ukraine war has caused the supply shock that has now let the brakes off a runaway train of inflation. Continuously rising interest rates will hurt mortgage-holders and indebted businesses will inevitably start going broke as consumers rein-in spending. When lay-offs start, we will be on the downward roller-coaster run. Exactly when that starts is difficult to time, but the dow is down 15% from its recent peak - it may have already started. This might be the right moment to sell any EZJ spikes caused by irrational retail sentiment.

The only way this share goes sub £5 is a black swan event. I will literally eat a mustard sandwich if it does ( im allergic to mustard 😳).
Correct greco. It was an unlikely reaction, but it's all true. After the second RI (Sept 2021) easyjet had twice as many shares in issue compared to 2019. When the shares hit £8, the company's market cap was higher than in 2019 (equal to £16 share price for 2019). That's not according to me - it's according to basic arithmetic and the facts.

Irrational market excitement plus short covering etc was skewing the behaviour. Check the share numbers and market cap and you will see the situation clearly.

But even if you don't bother with any of that, just take a look at the profits from 2019 (the best year for commercial aviation EVER). Easyjet made about £350m. That's the target for this company in a couple of years from now, which would give the current price a p/e of 11 for this bus company of the skies.

But this year the business is already sitting on a half billion pound loss and definitely won't turn a profit by the end of the year. If everything goes well, easyj might be two years away from mediocre profits and will still hold significant debt. BUT we are about to enter a recession, so more likely pushing that p/e and profits even further into the future. When the market eventually figures this out, the share price will drop to something which reflects actual earnings and future prospects. My guess is about £4 or lower.

Its an interesting point, but based on what you've saying that means when there share price reached 8 in October 21 according to you that equivalent to 16 pounds a share.That seems pretty unlikely considering how things where back then "i mean effectively £16 a share,"
btw, look at the Dow. A bear market has started. We are heading for recession. £4 and lower is coming imo. dyor (and try to keep up with the number of shares issued!!!!).
km18, if 'wealthoracle' can't even look at recent history and see that there's now twice as many shares in EZJ and the share price HASN'T LAGGED other airlines, then I don't think it's going to be much of an 'oracle'.
Share price here is almost at 2019 levels. Don't forget that EZJ has had TWO rights issues during the pandemic and issued new shares so that there are virtually twice as many now as there were in 2019. That would make today's price of 520p the same as £10.40 in 2019. EZJ has NOT LAGGED in share price recovery. The shares have nearly completely recovered. There is no 'recovery story' to be had with these shares. Look at the market cap and the price/earnings ratio. On current prices the shares are WAY OVERPRICED!!!

This business lost another half a billion pounds in H1. In January the ceo said that bookings were close to 2019 levels for summer but clearly either that is untrue, or EZJ were selling seats much cheaper and costs are way higher. Either way, the ceo is running out of runway because the next quarter IS the summer season. He can't keep saying 'close to 2019 volumes' and still keep showing huge losses. I reckon it will take EZJ several years to clear its debts and become profitable. By the end of this year, I suspect the ceo will be found out and he will be gone.

Easyjet (EZJ) posted interims yesterday. The low cost carrier posted a headline loss before tax of £545 million down from H1 2021: £701 million loss. Total revenue increased by 524% to £1,498 million (H1 2021: £240 million) predominantly due to an increase in capacity flown and ancillary products continuing to deliver incremental revenue. Group headline costs increased by 117% to £2,043 million (H1 2021: £941 million), primarily due to the increase in flown capacity.
EasyJet has continued to allocate aircraft to the markets where we demand is at its strongest. In the second half of the year leisure and domestic routes have fully recovered with capacity at 113% and 104% of FY19 levels respectively, whilst business and city traffic continues to recover with demand currently below FY19 levels. Travel is recovering, so will revenues, profits and EPS. Share price is still roughly 50% below pre-COVID levels and has lagged other names in the sector. Like with many travel names there is a recovery story here, although near term share price lacks momentum. BUY.

...from WealthOracleAM

Expecting this year to end with a record breaking volume at the beginning of a new recession is probably unrealistic.
Impressive that easyjet managed to finish flat on the day when the main index was down about 2%. I strongly suspect that there's a delayed reaction though.

ezj revenue for Q2 is less than Q1, which is amazing considering that the covid restrictions were being reduced throughout that quarter. Johan made the same promise about the summer being close to 2019 volumes that he made in January, BUT if that is really the case, how come revenue dropped in Q2? I am sceptical. I also wonder just how much of the confirmed bookings for summer have been carried fwd as credits from cancellations in the previous periods. I've got £500 myself that I'm hoping to spend on a flight to somewhere with less onerous covid restrictions.

What everyone is turning a blind eye to is the 'cost of living crisis'. If interest rates go up much further, along with energy and general inflation, a lot of easyjet customers will be considering a UK holiday. Also the pound has lost 10% against the euro in the last two months, making foreign holidays even more expensive. Budget airline customers by definition do not have bottomless pockets. Add in high fuel costs and wage inflation and I reckon we will see £4 here quite soon. DYOR.

They have to have 1 crew per 50 passenger seats. They took a row of seats out of planes that had 154 passenger seats so that they could fly with 3 cabin crew instead of 4. It's more to do with avoiding having to cancel flights when there was a lot of crew off sick with Omicron.
Thinking not drop that low .GDR primed for possible multibagger . 300 nurses to train new test .
Where are we looking, sub 400p
Back in in a small way having sold in the £6's.
Budget airline EasyJet is removing seatsfrom its airplanes so they can fly withfewer cabin crew amid a labor squeeze
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