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| Share Name | Share Symbol | Market | Stock Type |
|---|---|---|---|
| Jet2 | JET2 | London | Ordinary Share |
| Price Change | Price Change % | Share Price | Last Trade
|
|
|---|---|---|---|---|
| -17.00 | -1.04% | 1,620.00 | 16:35:00 |
| Open Price | Low Price | High Price | Close Price | Previous Close |
|---|---|---|---|---|
| 1,640.00 | 1,615.00 | 1,679.00 | 1,620.00 | 1,637.00 |
| Industry Sector |
|---|
| TRAVEL & LEISURE |
| Top Posts |
|---|
Posted at 25/11/2024 08:43 by rivaldo More good PR this morning:"No turbulence at Jet2, says AJ Bell Record half-year results from Jet2 (JET2) delivered a smooth landing for investors as the package holiday group balances profitability with well-priced breaks. The Citywire Elite Companies AA-rated company said it was on track to beat full-year guidance after the results showed revenues climbed 15% to £5bn and pre-tax profit rise 16% to £772m in the six months to the end of September. ‘Price still remains a determining factor in people’s decision making and Jet2 seems to have got the balance right between protecting its own profitability and still offering reasonable value for its customers,’ said analyst Russ Mould. Jet2’s confidence in the outlook was marked with a ‘meaningful&rs ‘The company’s hedging of fuel and currency exposure into 2025 gives both it and its shareholders decent visibility as it flies into next year,’ said Mould. ‘The company’s strong balance sheet and consistent cash generation also means it has a buffer to guard against future turbulence.’" |
Posted at 21/11/2024 12:00 by legg96 Absolutely stunning results! Around 33 per cent return on capital employed and unsurprisingly a PEG of around 0.3. Private investors now risk having the company stolen from them by a takeover or the business being taken private. |
Posted at 21/11/2024 09:36 by davebowler CAnaccord Genuity -We lift our FY25E PBT to £564m (vs consensus £541m) and target price 2050p after Jet2’s interims delivered £772.4m PBT (pre-FX) (+16% YoY) with H1 operating profit at £701.5m (£617.0m). PBT margin was 15.2% (15.1%) on revenues up 15.4%. PBT per seat grew to £52.0 (£50.3) with interim DPS 4.4p (4.0p). To us, this demonstrates the value of holidays - which are >80% of Jet2’s revenues – backed up by a ‘fortress balance sheet’. Summer saw Holiday volumes lift 8% YoY and resilient (+6%) pricing (flight only was -1%). Jet2 sees winter seats up 14% YoY and pricing constructive for Jet2 Holidays (‘modest increase’) at this early stage. We estimate Jet2 shares are >£6 too cheap and are still pricing in a ~38% PBT downgrade (vs our further upgrade today). We believe Jet2 continues to generate strong cash earnings and our BUY is reinforced by: the strength of Jet2’s holiday product, strong Which? reviews; its high repeat custom; wellregarded colleagues; strong returns (~27% FY25E RoE); and strong cash generation deployed to capex (for a >65% summer 2030 unencumbered fleet), convertible bond repayment (£50m on 15/11/24) and shareholder’s interim dividends. With the shares ~40% below historical PER we reiterate BUY. Key potential share price drivers Market share growth from strong customer trust, e.g., Jet2 repeat package holiday customers (>60%). Right product for consumers: Jet2 emphasises higher yield (for Jet2) end-to-end package holidays, offering customers flexibility at a predictable all-in cost. Holidays offer scope to deliver a more sustainable EPS and expand achieved PE as investors focus on the value of holidays. Strong cash, balance sheet We uplift forecasts and see a normalised FY25E PBT margin of 7.8% (7.3% FY26E). This reflects our view of consumer caution and industry supply growth risks, sales pricing and cost inflation (accommodation, fuel and wages). Nevertheless, strong cash generation (after capex) sees estimated ‘own net debt’ levels modest - expanding upward share price pressure. Key differentiators: Holidays matter and a 'customer first' mindset We think data support the assertion that consumers value the annual holiday. With >80% of revenues from Holidays, Jet2 is a holiday company (not an airline) – with longer (and more resilient) forward booking trajectories and a diverse profit contribution mix. We see the shares offering: 1) cash earnings quality after reinvesting in product and market share to compound EPS; 2) sufficient cash flow to finance capex, repay debt and remain at minimal ND/EBITDA levels; and 3) headroom to invest in new markets and UK bases (e.g. Luton in 2025) to compound growth as customers repeat purchase. We believe Jet2's differentiators are: 1) variable duration stays to suit each customer’s budget; 2) all-in holiday cost certainty in a ‘one-clickR |
Posted at 24/9/2024 14:06 by hardm Yes, I agree with your last few posts. The company's constant downbeat and incomplete reports (i.e. always saying it's too early to forecast etc. instead of highlighting the positives) are damaging to the share price. The 'jet2 news' on the client facing website is much more upbeat, but the formal financial statements and reports are the opposite.Yet again, we are stuck at a certain share price, with any 'bad news' causing a massive fall, but any 'good news' only resulting in a modest gain. The prospect of further selling by Mr Meeson also means that investors are cautious. Something needs to change if we are ever to reach the broker forecasts that average around 1900 (but have done so for some time now, without us getting close to it). |
Posted at 11/9/2024 07:37 by fozzie Great news that Meeson is gradually reducing his holding whilst putting shares into the sticky hands of institutional investors. Only our broken uk market could possibly see this as a negative. |
Posted at 07/9/2024 14:15 by davebowler hTTps://investorscha |
Posted at 24/7/2024 08:47 by scaff55 Any serious investors know about the manipulation in shares this drop or the reason for it is only in the MMs heads and pockets, yet again ,, |
Posted at 22/7/2024 08:26 by hardm Exactly. Seems like this is yet another opportunity for certain less scrupulous investors to force the Jet2 share price down in order to make more money, or simply an over-reaction to external events and a misread of the true position of the respective companies. |
Posted at 14/7/2024 15:06 by davebowler HTtps://investorscha |
Posted at 23/3/2024 14:41 by havinthelasttoast Investors chronical article from nov. Confirms net cash.Jet2 reports surge in profits Profit grows by a third despite disruptions November 23, 2023 by Michael Fahy Net cash pile increases by 46 per cent to £1.82bn Bookings slow but full-year guidance unchanged Jet2 (JET2) is flying a lot more planes than it did prior to the pandemic but, for now at least, is comfortably managing to fill them at higher fare levels. JET2:LSE Jet2 PLC 1mth Today change -0.07% Price (GBP) 1,423.00 The company increased seat capacity by 7 per cent on last year to 11.97mn and said ticket yields for flight-only passengers rose by 18 per cent to over £124. It also increased the price of its holidays, and the proportion of passengers who fly with the company on a higher-margin package deal increased by 4.9 percentage points to 70.8 per cent. As a result, profit before tax and currency movements increased by a third to £665mn even though floods and wildfires in Greece and air traffic disruption in the UK caused profitability to weaken by around £14mn. Cash flow also increased, meaning net cash (excluding leases) grew by 46 per cent to £1.82bn. MOST READ Today COMPANIES March 22, 2024 Companies roundup: Vodafone-Three & Scottish Mortgage Small Companies March 21, 2024 Lock in this shipping fund's 9% yield Investment Ideas March 21, 2024 Recovery will be sweet for this once-loved small cap The reaction from investors was muted, though. An admission that bookings for winter “have been a little slower in recent weeks” triggered concern about the sustainability of demand, especially given that capacity will be 21 per cent higher than last year. The company maintained full-year guidance of pre-tax profit before currency movements of between £480mn and £520mn, though, and said early-stage bookings for next summer were “encouraging&# Although holidays are a discretionary spend, Peel Hunt analyst Alexander Paterson argued in a recent note that it's one for which customers are willing to make sacrifices. We concur, and remain of the opinion that with Jet2’s shares trading at 6.5 times the FactSet broker consensus forecast, they will appeal to the bargain-hunter as much as its holidays. Buy. |
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