Jet2 Share Discussion Threads

[total return] 17/2/2024 23:03

Virtually every small cap fund worth its salt holds this stock....and it is typcially a top 5 holding. I think it is only a matter of time before we see the shares gap up as the growth is confirmed. It is one of those stocks that you just know is going to pop as the fundamentals are so very strong.

Jet2 advertising widely.It is the favourite airline of most UK travellers.As we see lower interest rates and inflation then the net discretionary spend number by households will improve and holidays remain a "must have" given British habits plus our weather.

[angus mcoatup] 17/2/2024 22:49

Very bullish write up from Phil Oakley on Twin Pete's Podcast.

[thebears1] 16/2/2024 12:45

With interest rates quite high we are earning on the big cash pile.But when interest rates start to fall, then they will need to use the cash either by acquisition or return some to shareholders.Having said that interest rates in my opinion will fall very very slowly

[bashor] 16/2/2024 08:32

Agree the large cash pile just keeps on growing, in time value will out for shareholders, keep on with under promises & over deliver

[castleford tiger] 16/2/2024 08:15

The above is good but never mentions its huge cash pile.
I think £20 for starters will be hit this year.
You cannot keep a great company down for ever.
Tiger

[rivaldo] 16/2/2024 07:22

Peel Hunt have a 2200p target and say Buy:



"Jet2 flying high in Peel Hunt’s eyes

Airline and package holiday group Jet2 (JET2) continues to gain market share and the delivery of new aircraft will allow it to expand further, says Peel Hunt.

Analyst Alexander Paterson reiterated his ‘buy’ recommendation and target price of £22 on the Citywire Elite Companies A-rated stock, which added 2.6%, or 35p, to reach £13.61 on Thursday after the group lifted its guidance following resilient winter travel demand.

It bumped its full-year profit guidance to between £510m and £525m versus the previous expectation of £480m to £520m as demand in bookings remained strong.

‘Winter 2023/24 bookings have performed well, with sectors booked up 17% and average pricing for both flight-only and package holidays robust,’ said Paterson.

‘The mix of higher-margin package holidays has again increased slightly, to 60% for the inter period due to the resurgence in city breaks.’

Paterson said the company is ‘a well-invested, high-service customer proposition that continues to gain market share’.

‘Five new A321neo aircraft have been delivered on time, with a further six due by the end of full-year 2025, allowing the group to continue expanding in a capacity-constrained market,’ he said."

[hohum1] 15/2/2024 19:27

Indeed. Cyclicals are generally much better investments when purchased on a high multiple of very depressed earnings (as long as they don’t go bust!)

[eigthwonder] 15/2/2024 16:54

airlines and tour companies have single digit multiples as a rule

[diviincomesearch] 15/2/2024 12:45

When you take a step back valuations are absolutely bonkers in the U.K. compared to the US.

Current year P/E of 8, market cap more than 50% net cash. Strong growth forecasted. It’s crackers. I get it’s a ‘cyclical̵7;, but definitely one of the more resilient businesses in the sector and the outlook should be improving for the U.K. rather than getting worse as interest rates fall later this year.

[whittler100] 15/2/2024 11:49

Numis today: with a possibly optimistic target price of 2200p, a positive note from Numis with bottom line comment of Valuation remains cheap on 7.7x P/E for FY24.

[bigbigdave] 15/2/2024 09:19

Brokers have been upgrading EZJ left right and centre recently, JET2's turn now.

[rivaldo] 15/2/2024 09:11

Canaccord say Buy and have raised their target price to 1900p (from 1850p).

They've also raised their forecast for the year about to end to 167.2p EPS (from 160.3p).

[bashor] 15/2/2024 09:07

“ Hopefully money is pulled out of TUI as it delists and comes in here”

I quite like the idea of that

[trying2trade] 15/2/2024 08:54

Hopefully money is pulled out of TUI as it delists and comes in here.

[castleford tiger] 15/2/2024 08:28

Lovely on our way to £20

[diviincomesearch] 15/2/2024 08:13

Up to £13.90 already. Tough to get a big rise when the U.K. sentiment is soggy though.

[gripfit] 15/2/2024 08:11

£15-£20??

[bashor] 15/2/2024 07:57

Steady as she goes

[gripfit] 15/2/2024 07:42

Excellentae

[rivaldo] 15/2/2024 07:11

Nice - guidance for the year ending 31st March raised, with the mid-point PBT up nicely to £517.5m (from £500m).

Plus JET2 are "encouraged" by booking for this summer, with package holiday customers up 17%, load factors ahead and seat capacity up 12.5%.

[fwatson] 15/2/2024 07:04

Update is out.

[castleford tiger] 14/2/2024 09:01

Climb out stopped !!

[fozzie] 13/2/2024 23:21

Just booked summer flights June/July for me and mrs foz, £410 return to Faro with Jet2, £540 with Ryanair from LBA. Flew with Ryanair last year at the same time for £230. So Jet2 price Dow around 20% on last year and Ryanair more than doubled 🤔

[trying2trade] 13/2/2024 21:49

TUI announced record quarter? Maybe they will surprise the market a little with a ahead of expectations update.

[scaff55] 13/2/2024 16:04

I believe the update will be this week or next,? Volumes suggesting this week.