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 Shares Traded Last Trade
  52.80 6.34% 885.80 4,746,215 11:31:40
Bid Price Offer Price High Price Low Price Open Price
884.80 885.80 918.60 869.20 899.00
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Travel & Leisure 6,385.00 430.00 88.60 10.0 3,518
Last Trade Time Trade Type Trade Size Trade Price Currency
11:31:41 O 379 884.3535 GBX

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Date Time Title Posts
05/6/202011:42Easyjet 2014 and beyond12,687
01/6/202012:21EZJ 20058,801
23/9/201923:16*** easyJet ***315
16/5/201913:31easyJet Half Year Preview 17.05.2019-
16/10/201611:59Easymoney with EZJ1

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Easyjet Daily Update: Easyjet Plc is listed in the Travel & Leisure sector of the London Stock Exchange with ticker EZJ. The last closing price for Easyjet was 833p.
Easyjet Plc has a 4 week average price of 446p and a 12 week average price of 410p.
The 1 year high share price is 1,567p while the 1 year low share price is currently 410p.
There are currently 397,208,133 shares in issue and the average daily traded volume is 9,808,885 shares. The market capitalisation of Easyjet Plc is £3,489,076,240.27.
erogenous jones: Spot on, cashandcard. In the meanwhile, we can sit back and chill as those fund managers with a short position are falling over themselves to lock in their evaporating gains. I am expecting on Monday that the short position will have reduced to around 6.75%. And, of course, that means there is still a stonking number of shares that need to be acquired in the market just to lock in the gains that have been made from February time by those firms. To encourage sellers, Market Makers will push the bid price higher. Happier times ahead for those long. For those domestic punters that have sold short.... well, not all bets come good and there is no point in being bitter about things. Offering a few words of advice might not resonate well, but I hope it provides some comfort; here goes. Investments are never made with borrowed money. If money is borrowed for investment, it is speculation. Not all speculative projects pay off and when they do, there are some rich pickings to be had. There will be investors that purchased shares at or close to the recent bottom in hope of a speculative recovery. They have been rewarded. Momentum plays a part in the cycle, and there will be many that saw in March the share price collapsing and charged in to sell shares and benefit from that momentum or to preserve cash from those shares that they already owned and got terribly frightened. My 44 years spent thus far to build a portfolio have seen some massive down days and some huge rises. Whenever there is a massive down day and I have some cash, I always buy shares in something that I would want to own but tend not to sell anything on the high rising days. Momentum can work against you and more so if you sell shares that you don't own in anticipation of buying them back at a lower price. I have no problem with those that enjoy betting on outcomes but unlike a horse race the stock market is not a race. Oh and for what it is worth, my portfolio began to be de-risked in 2018 when the "stable genius" began chucking toys around with China. Once I retire (5 years time), the risk will be increased as my portfolio will need to last self and wife for 30 years (perhaps more) in retirement. I shall continue to have a mix of shares that pay dividends as well as those purchased for capital growth.
erogenous jones: According to the LSE (and spearately recorded on the short tracker site), there are now around 8% of the shares that have been sold short. Since there are 397m shares in issue, this represents 31.75m shares than need to be bought back by those institutions that have profitted handsomely from the collapse in the share price The reduction of 2m in numbers from a week or so ago seem to have helped to cause the bounce in the share price. Of course, now that the company has not acceded to the demands of Stelios and the managers have announced the partial resumption of flights, these are all factors that weigh in favour of those owning shares.
erogenous jones: Potentially tlobs2, the element to hold the share price back is reaction from passengers like TaurusTheBear. It is shameful that refunds are witheld especially as the bailout money is there for this type of interruption. The General Public have a long memory and it could be that by delaying payment the decision is made not to fly with EZJ in favour of a competitor low cost airline. Seat prices will surely rise if only to make up for the potential reduction from the trolley service and other high profit margin elements. I hope that it will not be too long before there is clarity on travel restrictions so that decisions can be made both by the company and the General Public.
erogenous jones: Well done Nick9013. A profit (or loss) is not made until shares are sold. I remain long and see no reason why the share price should not continue nothwards to enjoy the bounce enjoyed by many companies in April. Some have reached new highs and others are within a few percent of their price at the beginning of the year. There will be at least one (and more likely two) downticks from what I assume to be the same jeuvenile contributors to this post. For as long as I hold shares in EZJ I will continue to contribute to the debate - some will be simply my opinion that I will endeavour to articulate with balance and others will be referenced to external resource. For those that sold short at a higher price - well done, a good call, but until your position is cancelled, your paper profit is not money in the bank.
pugugly: Letter from Stelios in full - Implications are horrible - Implies that the Board have their heads in the sand. Stelios media statement on easyJet and Airbus for 6 April2020 final Page 1 of 2 Media Statement by Stelios (owner of the easy family of brands on easyJet and Airbus for release on 6 of April, 2020 1. My main objective is to terminate the £4.5bn contract between easyJet and Airbus for 107 additional useless aircraft. That is the only way to preserve the value for all shareholders and all the bond holders too. 2. easyJet’s market capitalisation (value of all the shares) nowadays is hovering around £2 billion. The Haji-Ioannou family owns about 34% of the shares but the other 66% is widely held amongst many individual shareholders and various pension funds paying out pensions tomorrow – and years to come. I will now seek to enlist support of these other shareholders in terminating the Airbus contract. The net book value of the assets of the easyJet (net of liabilities) was £3 Billion as at 30 September 2019. Even allowing for trading losses during the current grounding there are still many good assets inside easyJet and we must not allow the current directors to squander our assets by paying Airbus for these unwanted new planes. easyJet has also borrowed c£1.3 billion from bondholders (pension fund money again) that will need to be repaid in full over the next 2-5 years. Today these bonds are trading at 20-30% discount to their original value which means the market feels that easyJet may become insolvent in that timeframe all the time whilst paying Airbus c £1.35 billion for new aircraft in the next few months ( the same value as all the bonds outstanding today). I will also seek to enlist the support of bond holders in terminating the Airbus contract. 3. The monopoly aircraft supplier to easyJet is Airbus, a Franco-German company that has been convicted of bribing airline executives around the world as proven before a UK Crown Court judge on 31 January 2020. 4. Since the recent new revelations on the 31st of January 2020 John Barton (chair of the board of easyJet) has refused to instigate a full independent inquiry if bribes from Airbus have been used in securing orders from easyJet. 5. If this £4.5 billion liability to Airbus is preserved – and not cancelled - by the easyJet board then, I regret to report, easyJet will run out of money around August 2020, perhaps even earlier. 6. This prediction is based on the optimistic forecast published by the house stockbroker of easyJet (Neil Glynn at Credit Suisse on 2 April 2020 ) showing a cash short fall (negative balance) of £164m by September 2020. This is bound to get worse with the seasonal downturn during the winter months. By the way, no self-respecting bank analyst should ever produce a forecast showing a negative cash balance in any company (it is not possible) but these are not normal times. 7. The CS forecast is based on wildly optimistic assumptions that the easyJet fleet will return to the skies in June, bringing in profitable revenues of £1.5bn in the summer months. This is pure fantasy. It must be noted that almost every country in Europe has now closed its borders to foreigners. Nobody really knows when they will open again. And even then, nobody believes that people will be willing undertake foreign travel in such large number by June 20. Fear has now taken over human behaviour when it comes to any form of foreign travel. Each country will want to keep others out for much longer than the date that their own local national lockdown ends. I think that easyJet at the end of national lockdowns will feel more like a start-up trying to find a few profitable routes for a few aircraft at a time. How many Brits will want to fly to northern Italy or Spain on holiday this June and v.v. ? Not many I think. 8. Even more crazy is the CS assumption that easyJet will fly all its current 330/350 aircraft to full capacity from October 2020 and earn higher profits in 2021 than it did in 2019. 9. The only reason the house broker CS is publishing such wildly optimistic forecast is to provide “cover” to the directors to preserve the contract with Airbus and convince naïve new investors to inject additional equity into easyJet just to pay Airbus. Even then the CS optimistic forecast fails toStelios media statement on easyJet and Airbus for 6 April2020 final Page 2 of 2 prove there is sufficient cash in the company – in fact the optimistic forecast would be short of breakeven by about half a billion pounds of cash assuming they continue to pay Airbus 10. The only right we as shareholders have is to call a vote to remove directors from the board. 11. John Barton refused to hold the vote I requested on the 1 April 2020 to remove Andreas Bierwirth as a director. Bierwirth is a failed ex-Lufthansa executive who lost his employer a lot of money and got sacked from Austrian airlines. He is also a long-time friend of Airbus. 12. In refusing to hold this vote, Barton said my company (easyGroup) “is not a shareholder of easyJet”. That is despite easyGroup being clearly shown in the official annual report of easyJet as the largest single shareholder. In fact, the directors published very detailed voting results at the recent AGM (held 6 February 2020) detailing all the votes cast for and against both with and without my shares – as is their obligation under law. Of course they know how many shares we own but they are desperately trying to deprive shareholders of a vote because they know they will lose. They will then have to go home and let other people navigate this company through this mess they created by ordering all these unwanted planes. I hold them personally liable for their mistakes. 13. Given the delay the directors have caused with this dirty trick and as time is of the essence, I will up the ante and will now call for the removal of two directors. Every time they delay the vote again in the future I will call for the removal of one more director. Let’s get on with it and give all shareholders a vote without any further procrastination. 14. Therefore, I will now select Andrew Findlay as the 2nd director to be removed from the board. As the CFO who came from Halfords to easyJet in 2015, it is the best way to stop him writing billion pound cheques plus to Airbus every year. (It would have been the equivalent of Halfords only buying bikes from one supplier and then buying 50% more bikes than it could expect to sel. But strange things happen to executives when Airbus is the vendor). 15. Terminating the Airbus contract is the only chance current shareholders have to maintain any value in their shares. If easyJet terminates the Airbus contract, then it does not need loans from the UK taxpayer and it has the best chance to survive and thrive in the future with some injection of additional equity provided for by the markets (pari pasu to the existing shareholders). But if easyJet stumbles along whilst taking UK taxpayers money as loans only to pass it on to Airbus, it will have to raise fresh equity anyway in the next 3-6 months – reducing the value of our current shareholdings to close to zero. In any event no rational investor would be buying new shares in easyJet if the money will be used by easyJet to pay £4.5bn to Airbus for new planes it simply does not need. I will certainly not be throwing good money after bad. For the avoidance of doubt, I will not inject any fresh equity in easyJet whilst the Airbus liability is in place. 16. easyJet needs to plan a fleet size reduction now – down from 350 to 250 - It will not need any more additional new planes for many years to come. The current fleet is already one of the youngest in the industry. 17. I cannot emphasise this enough. In order to protect shareholder and bondholder value, easyJet shareholders must vote to remove these people from the board ASAP. 18. My last point on Airbus. At the end of the day, the debate will centre around which of two sets of shareholders will suffer the most? The Airbus shareholders who have seen their own share price decline by 26% since I started my activism to cancel the Airbus contract on the 29 March 2020 (someone thinks I may succeed in the cancellation) or the easyJet shareholders and those of other airlines with orders from Airbus. Perhaps it would be a fairer solution all round if Airbus obtained subsidies from the French and German government directly to accept cancellations and not force a British airline like easyJet to obtain loans from the UK taxpayers only to pay the money to Airbus in France and Germany. And Airbus should stop bribing airlines executives to buy more commercial planes that they can profitably fly just as they promised to the UK court on the 31st of January 2020 under the so called deferred prosecution agreement. End
karateboy: According to 'thismoney' government will buy shares with a small premium to the current share price. In my openion if there is significant dilution , share price drop,it will contributes to market volatility .
yump: At least we've got over the posts about EZJ share price being related to the oil price... or have we ? Just in case, anyone thinking about that, just find a plot of the oil price and stick it next to the EZJ share price chart !
yump: I thought I'd just repeat for the deaf from a few months ago... Has anyone looked to see if there is any correlation between the EZJ share price and the oil price, because from what I can see, the two are actually in inverse correlation. So if there's any point in taking any notice in the oil price it would be to predict a share price movement significantly in the future, if that was even remotely possible. Otherwise the oil price is just a bit of random news.
vas007: Can anyone please comment on why EZJ share price is keep dropping.
quepassa: seems that the outlook for the sector is getting worse and worse. It's been a terrible time for the EZJ share price recently and likely, in my opinion, to get bleaker as Brexit talks get uglier, competition in the sector further takes its toll, the Price War eats savagely into margins and management instability comes to the fore. It also seems to me that the Easyjet message gets less and less focused as they grasp for business by partnerships with Norwegian and others. An extremely embattled time ahead. And that's before you take account of the aggressive growth figures of its main competitors and see that Ryan and Wizz are far outstripping EasyJet. Of course, that highly-regarded and most accurate of brokers, Liberum issued a broker note on Wednesday and REITERATED their SELL RECOMMENDATION with an unchanged TARGET PRICE of 1100p. a very difficult time ahead with significant downside risk in my opinion. ALL IMO. DYOR. QP
Easyjet share price data is direct from the London Stock Exchange
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