£16 to fall Tuesday? |
 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’ 10% increase in the dividend to 4.4p.
‘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.’" |
And another....
UBS RAISES JET2 PRICE TARGET TO 1850 (1700) PENCE - 'BUY' |
DEUTSCHE BANK RESEARCH RAISES JET2 PRICE TARGET TO 2385 (2240) PENCE - 'BUY' |
Don’t you recognise irony Fest? |
3 captains is reassuring, but if there is a bad systems failure on a aeroplane, 320 captains wouldn't make a difference. |
I would be worried if I got off a flight in Manchester. |
You had 3 captains on the flight deck - what’s to worry? |
Possibly. Or maybe not intercepting the ILS? What was the weather like? |
i will find out but sounds like a possible warning light on the undercarriage |
Got off flight LS920 at Manchester late on Tuesday night.It was a brand new AirBus 381, with three captains on the flight deck.The flight had been circling multiple times, despite them telling us we were to land in 10 mins, it was way over an hour.We kept getting told it was for 'technical issues with the plane, but nothing to worry about' When they finally landed it us, it was as bumpy a landing as I've ever known. They landed us way across the airport in a deserted area, and we were chased down the runway and surrounded by all the emergency vehicles with blue flashing lights, and all the Jet2 emergency vehicles too.God knows what had happened, but it felt scary! |
Fabulous.
What a spot of luck that was yesterday.
i almost bought more before the close at 1420
tiger |
just laughing at wrongosti here and him alone.
giving him a taste of his own medicine |
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. |
That fella is a big donkey. He has never contributes anything to jet2 board but here to stalk me. Fella is mentally challenged. As in big time. |
4*
Jet2 plc posted another strong set of Interims this morning as the travel sector continues to recover and boom post Pandemic. The Group delivered another record performance in terms of passenger numbers, revenues and profitability. Revenue was up 15% to £5,085.4m, operating profit increased 14% to £701.5m and Group profit before foreign exchange revaluation and taxation increased 16% to £772.4m. Basic EPS was up 21% to 279.3p and management...from WealthOracle
wealthoracle.co.uk/detailed-result-full/JET2/1000 |
Imagine laughing at amateur punters who made profits... especially those who have congratulated those who made better calls. You look a fool not me. |
You clearly don't want an outside reversal day chaps. Hourlies don't look great and you don't want to go back into the range. Sitting this out. Half of the day's range key pivot. |
nice buy at 1450 CT.... when others were panicking there (we all know who hahaha) the brave stepped in |
Mad price action..should have sliced through 16 quid today..great results in 3 years shareholder equity could be higher than this market cap.gotta get off AIM |
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-clickR17; purchase for customers wanting known costs; 3) high trust and NPS ratings leading to share gains and a strong (>60%) repeat customer base; 4) stand-out attentive service; 5) capital to meet offseason cash outflows; 6) access to competitive wholesale hotel inventory and prices; and 7) access to peak season UK and overseas airport slots. Potential catalysts include continued evidence of Jet2’s ability to take share profitably and delivering on projections. High total shareholder return prospects – BUY to 2,050p Jet2 shares trade at <8x PER with ~9% FY24-29E EPS CAGR and ~15% Equity FCF yield. We see scope for 22% TSR CAGR over FY25E-29E. We value Jet2 using a weighted scenarios-based analysis (based on historic peer multiples) to deliver our 2050p target price. |
It’s hugely undervalued. Primed for an LBO, to be honest. £2Bn+ of personal cash + Net profit of £700m+. In reality the PE ratio is 2x earnings, if not lower. In the short term the performance is anyone’s guess. 5 years + Jet 2 will either be bought out or competing with Ryanair. |
Surely on course for the anticipated 200p eps this FY. For an airline with a sizeable net cash position, this is cheap. |
If this share left AIM it would probably have double the rating in the FTSE100? Something has to give , that sort of valuation anomaly never lasts for long, especially now the founder has left and the tax treatment is less important . Jet2 have established a much loved brand and our valued at virtually one times book value…insane considering prospects. Amazingly, the share price was close to this level around three years ago but the multiple has just contracted over that time while performing impressively. Probably a hangover symptom from the Covid years. All the Company has to do is massive share buybacks with the cash it generates to get revalued. Booty
Please DYOR |
Register to chat with like-minded investors on our interactive forums.
Hot Features
Premium
