Jet2 Share Discussion Threads

[trying2trade] 14/9/2024 11:20

What you are describing is make believe, the perfect company. shall we all only ever say positive things, maybe the board of a company like Burberry could all say positive things and the share price would just turn ?Never my intention to ruffle feathers, did not realise it would so easily offend. Shall keep myself to myself here ??

[scaff55] 14/9/2024 10:09

Your right Tiger ,,, what wrong if they or l don't like it, Then Sell. We are in the market it's the name of the game,

[trying2trade] 14/9/2024 09:27

I think tiger you need to take a step back because you're coming across a little possessive. An opinion is an opinion and this one is not abstract. Therefore it's not wrong, you just have a different idea. which is absolutely fine and of the point of a message board, to discuss, debate and sometimes disagree. But we can do that without "sell up and sod off" type comments can't we?

[scaff55] 14/9/2024 08:46

Why complain or moan l don't hear it when Directors buy. They have just over 200 million issued that's nothing get real with buy back rubbish, they are trying to grow the business use the money there and keep raising the dividend.

[castleford tiger] 13/9/2024 20:59

The last line in your first post?
Meeson got less than the market price would you have sold for 30 p less?
Of course not. You would have sold in the market. Jet 2 clearly need to £75 million to keep growing the company.
Not sure it’s worth falling out over but the company allowed the secondary placing.
I think it’s right . You disagree.
Price will soon be back up again.

[hardm] 13/9/2024 17:45

CT.

Just to add, let's keep it civil.

It appears that you can tell me to sell my shares and move on, but I cannot express the same opinion.

I think, as someone else said earlier, you're a bit too close to this to comment without emotion taking over.

[hardm] 13/9/2024 17:39

CT.

Any company can make an 'off-market purchase' of its shares by contract with one or more particular shareholders. The contract must be approved by Ordinary resolution in a general meeting. Under the original legislation a special resolution was required, but this was amended by the 2013 Regulations.

This would allow Mr Meeson to sell his shares (how ever many he wants to sell at any given time) without adversely impacting the share price, as the company would effectively be taking them off the market and thus increasing the 'price per share' value of the remaining shares in circulation.

[castleford tiger] 13/9/2024 15:36

I have to agree with earlier comments. I can't see why the company doesn't arrange a 'buy-back' from Mr Meeson. By doing so, the share price would probably rise, as there would be less shares available to the market. The company has more than sufficient funds to do this and thus satisfy its wider shareholders rather than just 1.

that would not be allowed the offer would have to be open to everyone.

Any shareholder can sell in the market any day they choose at the quoted price.

The fact it was a secondary placing means the big boys want a position ( thats often difficult to buy in the market)

It was a sensible way to move 5 million shares.
T2T

The post you made 9294 was unfair.
He can sell shares but retain an investment thats currently protected from IHT.

You are wrong assuming he should sell up or not sell.

I see JET2 as an investment. A long term one and i dont get too concerned by "noise"
I am in for the longer run.

So yes i thought your comments were pretty harsh and a man who set this up and thanks to him we are all a little better off.
How about if you dont like it you can sell up and move on?

with kindest regards

tiger

[rivaldo] 13/9/2024 06:43

"Jet2 flying high, says Buffettology

Budget airline and package holiday group Jet2 (JET2) remains ahead of its peers even in the face of the CrowdStrike technology outage, says Sanford DeLand manager Keith Ashworth-Lord.

The Citywire Elite Companies A-rated stock is the fifth-largest holding in Ashworth-Lord’s CFP SDL UK Buffettology fund, where it makes up 5.2% of the £472m portfolio.

The share price was ‘whipsawed’ in August as ‘positivity over a strong set of full-year results yielded to the Microsoft-Crowdstrike outage, which caused major disruption to flights across the globe’, said Ashworth-Lord.

‘Jet2 builds contingency for such events into its forecasts but the scale of the event means it will have been costly,’ he said.

However, he noted the overshadowed results and the future outlook from Jet2 were ‘in stark contrast to that of Ryanair, which announced downward pressure on air fares for the summer season.’

‘Maybe that is the difference between being consistently near the bottom of the Which? customer satisfaction surveys versus Jet2, currently the highest rated provider. In our view, this is where the relative pricing power comes from,’ said the manager.£

[hardm] 12/9/2024 12:32

I have to agree with earlier comments. I can't see why the company doesn't arrange a 'buy-back' from Mr Meeson. By doing so, the share price would probably rise, as there would be less shares available to the market. The company has more than sufficient funds to do this and thus satisfy its wider shareholders rather than just 1.

[trying2trade] 12/9/2024 06:43

I think it's even under the belt to suggest I question him in some kind of snide way. Business and personnel may be crossing too close for you to make a fair assessment here by the sounds of it. I've always had a lot of time for your insight here.

[trying2trade] 12/9/2024 06:40

Yes a man should absolutely be able to enjoy the benefits of his hard work and wish him the best of health. But I'm interested in my portfolio not his or respectfully, yours. A drip sell over many years will not do me favours over a short term sell off. I'm pleased you were in at 16p, but I couldn't have possibly been. we have a shared goal and you may feel some affinity to an ex CEO/founder but I do not other than wishing the bloke a happy and long retirement.

[our haven] 12/9/2024 06:39

Also agree with CT.As a very early holder of this share, I also realise how Meeson has driven the business forward over the years which we have benefited from.I actually expected him to have sold more by now. Just like he did with the company, in his circumstances he is managing his sales well. The share price will recover.

[snorkelparker] 12/9/2024 01:30

Yep Agreed CT,

Philip has more integrity than most out there..

Like Tiger followed this business from 2006 ish.

He one of the most respected operators in the business.

I was right about him selling earlier, just to the limit of an RNS. Clear deck now so possible another .74 % will go as he feels fit ?

[pemcap] 11/9/2024 21:15

I fully respect meeson selling but if it's non economic anyway then frankly there should be a small ongoing buyback to benefit everyone

[castleford tiger] 11/9/2024 20:07

T2T
A man puts his life into building a company.
The shares were once under 18 p when times got tough in the early years.
I bought some at 16p.
The man has devoted his later life to jet2 .
However you question him selling down some shares.
He is not in great health and possibly wants to distribute some cash under the 7 year rule.
I am proud to call him a friend and whilst some might find him abrupt he is a true businessman and we shareholders have much to be thankful for.
Tiger

[scottish007] 11/9/2024 17:39

Shock horror at Phil Meeson cashing in some chips.
Surely there can’t be anyone who didn’t see that coming?

[scottish007] 11/9/2024 17:37

Laughable drop that annoyingly l can’t/didnR17;t take advantage of.
Message to self for the thousandth time - Always have investment cash readily available.!!

[scaff55] 11/9/2024 15:21

Philip's rationale for the transaction has been driven by personal financial considerations alone. Philip believes that Jet2, as a market leader in the Holiday business and with its firm order for 146 Airbus A321 aircraft is ideally positioned to fully take advantage of a market with huge potential. He believes there is a great future for Jet2 and he expects to continue as a very substantial shareholder in Jet2 going forward.

[trying2trade] 11/9/2024 15:15

Does he want to be a shareholder? If I went to be a shareholder I don't sell shares. Nobody is going to buy into this as a growth stock whilst they know mr meeson is going to dump shares every time it rises 10%.

[phillis] 11/9/2024 12:11

Silly fall

[scaff55] 11/9/2024 11:19

But Meeson also wants to remain a major share holder with jet2. No problem with him selling we all will at some point. That's what it all about

[diviincomesearch] 11/9/2024 11:14

T2T- he can’t sell out 15% of the float instantly without tanking the share price. A gradual sell is easily the best approach.

[toffeeman] 11/9/2024 10:46

Meeson still has 15% to go.

[trying2trade] 11/9/2024 10:23

Just as you think this is making a sustained move. Poor from meeson, sell out and get out completely or hold them.