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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
  -2.30 -0.47% 486.20 4,899,092 16:35:28
Bid Price Offer Price High Price Low Price Open Price
485.00 485.90 499.20 472.10 488.50
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Travel & Leisure 6,385.00 430.00 88.60 5.5 2,221
Last Trade Time Trade Type Trade Size Trade Price Currency
18:43:04 O 11,071 486.20 GBX

Easyjet (EZJ) Latest News (9)

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Date Time Title Posts
27/9/202015:06Easyjet 2014 and beyond13,713
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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DateSubject
27/9/2020
09:20
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 488.50p.
Easyjet Plc has a 4 week average price of 471.40p and a 12 week average price of 471.40p.
The 1 year high share price is 1,567p while the 1 year low share price is currently 410p.
There are currently 456,749,631 shares in issue and the average daily traded volume is 6,352,228 shares. The market capitalisation of Easyjet Plc is £2,220,716,705.92.
21/7/2020
07:29
amt: I am amazed by the share price reaction to the great news from Oxford yesterday. I think the scientists are being very cautious but the trials in South Africa and Brazil have been running for sometime now so if they get results by September there is every possibility than mass vaccination will be well underway this year and if it works as seems more than likely its back to normal service in time for next Spring and Summer. Much better than I thought. I think we could see the share price heading towards 10 quid by middle of next year.
29/6/2020
06:55
amt: It's only 3 weeks since EJ reckoned the share price was on its way back to 16 quid. I warned that this looked over optimistic to me. Now when the share price seems to be loosing its upward momentum he says he is going to stop posting for a while.
09/6/2020
15:03
erogenous jones: I don't have a problem with your reasoning. However, would you at least agree that the market can be illogical, hence the froth to take the share price to £16. Those who sold short at the time have done very well and heaped more pressure on the shares in February. But, in March as markets began to recover, those that sold short began to very slowly realise that the price for the company was rising in line with the market and they could see where this was all going. And, with 9m shares bought back in the last 10 days, the share price rose from 550p levels to 950 yesterday. And there remain around 24m shares outstanding to cancel all the short positions. I know that there is some bitter person that does either not like me or does not like the facts, but each day the the share price rises, so the profits gradually evaporate. I have no problem with instuitutions selling short, but a profit is not made until shares are sold. And that is the same whether long or short. Try not to be bitter about losses - I am sure you are not - we all have them and as you know it is part of the "game". I am glad, though, that you qualified your comment. So much easier for us all to bring a better understanding to arrive at whatever decision we make. I'm giving you a thumbs up - you have also gone up a notch in my book and are at notch 1.
08/6/2020
12:36
erogenous jones: Looking at typical volumes for the qty of shares traded from the finanacials tab, the average daily volume is above the normal daily volume. Suggest to me that those professional funds that have sold short are closing their position as hard as they can and as fast as they can in as orderly a way that they can. And because 6% of the shares issued represnts some 24m shares the share price has to rise to encourage owners to sell. I know there is some cretin on this and other theads in which I have an interest that insists on giving a down tick to almost everything I write, the share price continues to rise and is showing no sign of slowing down. Looks like a tenner is on the cards this week. Will the shares go higher? Maybe - in the same way that market makers took advantage of a forced seller with Mr Woodford, they will also take advantage of forced buyer such as Citadel and AQR Capital Management.
08/6/2020
09:49
amt: Yes I am sure you are right but Easyjet and Ryan Air already had very efficient business models so difficult to cut costs any further. B.A. I can understand since plenty of scope to overhaul their models. Maybe if Easyjet can increase its fares by 30 to 50 % then I would understand the share price but I am not sure that's possible. There are many companies doing well during the Pandemic whose businesses have been unscathed yet their share prices are still depressed.
03/6/2020
14:44
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.
08/4/2020
07:46
pugugly: Letter from Stelios in full - Implications are horrible - Implies that the Board have their heads in the sand. https://easy.com/stelios-asks-easyjet-to-terminate-the-airbus-contract/ 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 www.easy.com) 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
08/10/2019
15:16
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 !
05/6/2019
09:43
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.
31/5/2019
09:20
vas007: Can anyone please comment on why EZJ share price is keep dropping.
Easyjet share price data is direct from the London Stock Exchange
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