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
  5.80 0.88% 661.20 10,425,788 16:35:14
Bid Price Offer Price High Price Low Price Open Price
661.80 662.40 672.20 647.00 653.80
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Travel & Leisure 3,009.00 -1,273.00 -264.90 3,020
Last Trade Time Trade Type Trade Size Trade Price Currency
18:12:35 O 4,815 652.73 GBX

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Date Time Title Posts
23/9/202101:09Easyjet 2014 and beyond15,225
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 (EZJ) Most Recent Trades

Trade Time Trade Price Trade Size Trade Value Trade Type
2021-09-22 17:29:56652.734,81531,428.95O
2021-09-22 17:29:55652.738,75557,146.34O
2021-09-22 17:29:43652.738,42354,979.28O
2021-09-22 17:29:43652.733362,193.18O
2021-09-22 17:29:43652.734,81631,435.43O
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Easyjet (EZJ) Top Chat Posts

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 655.40p.
Easyjet Plc has a 4 week average price of 550.20p and a 12 week average price of 550.20p.
The 1 year high share price is 1,095p while the 1 year low share price is currently 457.80p.
There are currently 456,749,631 shares in issue and the average daily traded volume is 16,336,244 shares. The market capitalisation of Easyjet Plc is £3,020,028,560.17.
rookieswingtrader2020: Can anyone help me understand please: Why exercise the rights at all? Can a very similar commercial effect not be achieved by selling the rights and immediately using the proceeds, coupled with additional cash, to buy the relevant number of new shares in the open market, if desired, thereby obtaining them right away?The benefit of the latter is that there is no (I think days-long) delay between exercise of the rights and receipt of the new shares, during which one seemingly has no control over that element of the trade. Perhaps those with CFD accounts (not me) could hedge with a short if they wanted the effect of selling shares not yet received during that delay.Maybe more than 410 GBX would separate the rights price from the normal share price (and maybe that would be justified due to the need for the rights buyer (exerciser) to suffer the risks associated with the delay).Maybe there is a difference in transaction costs eg SDRT? Even if so, that would hardly seem to justify the risk of being unable to sell shares not yet in your possession if you think that the price is peaking after exercise and before receipt.In a sense it seems like rights exercise is a bit like buying a "future" based on a bet of what the share price will be days later, because the shares (I believe) take days to appear after exercise. Thanks in advance for any thoughts. DYOR GLA.
danvandan: 1224saj, you are correct; the share price currently gives the rights holders a profit on their new shares, but a loss on their old shares. As the price goes lower, the profit reduces. If it gets to 410p, it will be zero. If it goes below 410p (which has happened with rights issues before) shareholders will have a massive loss on their old shares AND a loss on their potential new shares. The new shares will be 'underwater' so to speak, before they have even been issued. At that point, potential buyers of ezj will be able to buy shares cheaper on the open market, than if they were existing shareholders buying 'rights issue' shares. There is a possibility that this could occur. At that point, the rights issue can be described as having 'failed'. Very few, if any, existing shareholders would buy the rights issue shares, because they can buy them on the market for less. The underwriters will be compelled to pick up the lot. And then they will sell them as soon as they can show any profit. They might even sell them at a loss, accepting their fee for the rights issue as some compensation. My guess is that the shareprice will remain a little over 410p until the deal is done and the new shares are issued. However, a great many shareholders will 'tail swallow' (sell some of their rights to new shares) and effectively not put money in, and the buyers of those rights are looking for a quick profit and will keep downward pressure on the price. Worst of all will be the holders who let their rights lapse; there is frequently a surprisingly high number of them. Stelios has apparently said that he is not 'participating'. I don't know what that means, but he has 15% of ezj? Regardless, the underwriters will almost inevitably pick up a large chunk of the new shares and then they will dispose of these on the market or to other parties who then sell into the market for a fast buck, creating very significant downward momentum for the shareprice. I fully expect the shareprice to hit 410p and then dip below, depending on how unpopular the rights issue turns out to be.
1224saj: Here's an interesting question. Ezy share price is dropping daily, currently 5.55, which makes the rights 1.45 with the shares supported at 4.10. What happens if the share price drops to the issue price of 4.10 in the next 14 days. I'm assuming it would leave the holders of their rights with 0.00 and holding loses???
yump: As far as I’m aware the companies posted that had rights issues were not exactly in their prime before covid. Mks been dying for years. Capita low margins. Iag not exactly well managed. Comparison may not be very useful. Not that I can see the EZJ share price flying any time soon though.
kinwah: Teflon, if you are short EZJ you will also now be short of the nil-paids. Unless the EZJ price tanks to under 410p which is unlikely, the rights will be taken up by the owner of the stock and then you will be short of the fully paid new shares. You don't get a say in the matter unless you close your position. If you are holding CFDs your margin will increase when the 410p is paid.
rookieswingtrader2020: Although commercially I would be keen to exercise my NPRs, I think I may instead stagger in (by purchase of ordinary shares) the equivalent number of shares to which the NPRs would entitled me, but then actually just sell the NPRs themselves (if I can bear the temporary over-exposure and the associated opportunity costs). Staggering in rather than one-off exercise may be better for risk management because it allows you to choose how many shares you wish to buy at whatever the share price happens to be at that particular moment (viewed another way: at whatever the SP's current premium above 410 GBX happens to be). Exercise on Thurs 23/09 is known to cost 410 GBX per share but what is not known is the NPRs' actual value on that date because the Thurs 23/09 share price is not known until that date (i.e. the amount one "loses" through exercise, by sacrificing the opportunity to sell the NPRs which are likely to be trading at approx 410 GBX sub the SP). So in a sense this approach would be a form of accelerated, manual "exercise" of the NPRs, but without ever actually exercising them. There may be an SDRT impact though (I don't know whether NPR exercise triggers SDRT, but obviously purchase in the open market does), but with some anticipated volatility anyway that would be minor concern. More relevant would be the commission costs of staggering in across separate tranches. Not sure how good or bad a plan that is, it is just my latest thoughts on it IMHO FWIW DYOR GLA
kinwah: 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!
arja: but EZJ recovered well today after early fall . However ,Juicester's news means the EZJ share price is likely to fall just because of lack of purchasers .maybe it was just short covering today .
whites123: easyJet plc (EZJ.L) (LON:EZJ) has been assigned a GBX 875 ($11.43) price target by investment analysts at JPMorgan Chase & Co. in a report released on Tuesday, Borsen Zeitung reports. The firm presently has a "neutral" rating on the stock. JPMorgan Chase & Co.'s target price suggests a potential upside of 15.01% from the company's current price. A number of other research firms have also issued reports on EZJ. Berenberg Bank reissued a "neutral" rating and issued a GBX 820 ($10.71) price target on shares of easyJet plc (EZJ.L) in a research report on Wednesday, November 18th. UBS Group reiterated a "buy" rating and issued a GBX 1,125 ($14.70) target price on shares of easyJet plc (EZJ.L) in a research report on Tuesday, December 1st. Bank of America restated a "buy" rating and set a GBX 950 ($12.41) price target on shares of easyJet plc (EZJ.L) in a report on Wednesday, November 18th. CSFB reiterated a "buy" rating on shares of easyJet plc (EZJ.L) in a report on Thursday, October 8th. Finally, The Goldman Sachs Group set a GBX 840 ($10.97) price objective on easyJet plc (EZJ.L) and gave the company a "neutral" rating in a research report on Monday, November 30th. One investment analyst has rated the stock with a sell rating, thirteen have issued a hold rating and eight have given a buy rating to the company. The stock presently has an average rating of "Hold" and an average target price of GBX 881.95 ($11.52). Shares of easyJet plc (EZJ.L) stock opened at GBX 760.80 ($9.94) on Tuesday. easyJet plc has a 1 year low of GBX 410 ($5.36) and a 1 year high of GBX 1,570 ($20.51). The company has a market cap of £3.48 billion and a P/E ratio of -2.85. The company has a current ratio of 0.67, a quick ratio of 0.64 and a debt-to-equity ratio of 181.20. The stock has a 50-day moving average price of GBX 824.77 and a 200 day moving average price of GBX 648.95
taurusthebear: Whites - I doubt if there's much of a rally coming due to Brexit. Like Covid, it's a storm in a teacup compared to the real, actual damage we've been doing to the planet. Meanwhile, many planes are not flying and the EZJ share price is based on presumed vaccine success. That's a more risky proposition, to me, than the probability that online retailers are set to benefit for the next few months as global governments imprison their peoples.
Easyjet share price data is direct from the London Stock Exchange
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