Jet2 Share Discussion Threads

[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.

[scaff55] 11/9/2024 09:25

The investor's must be stupid according to this drop ? Heading for great half year numbers, Definitely BUY...

[hardm] 11/9/2024 08:14

Ridiculous drop in share price again.

Just how many times can the same news cause a reduction in share price. This trading system is so bent it is unreal!

[fozzie] 11/9/2024 07:37

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.

[besty46] 11/9/2024 07:24

That makes good sense

[legg96] 11/9/2024 07:12

If Meeson has sold shares it is primarily because Labour will remove the inheritance tax exemption on Aim shares and he needs to handle the proceeds more tax efficiently.

[our haven] 11/9/2024 06:30

No real surprise that Meeson sold 5million shares as he reduces his holdings. Hopefully the buying institutions are in it for the long term and the strike price was close to the closing price.Would not be surprised to see an initial negative reaction in the market, but it had to happen at some stage.

[alphapig] 11/9/2024 06:29

Couldn't see any mention of sale price in RNS, could be a volatile day.

[scottish007] 07/9/2024 17:42

Good info there.
Angus - this is kind of stuff you should type instead of being a complete bellend!

[davebowler] 07/9/2024 14:15

hTTps://investorschampion.com/channel/podcasts/episode-32-of-the-investors-champion-podcast

[davebowler] 06/9/2024 05:57

Jet2 valuation 'far too low', says Peel HuntThe valuation of Jet2 (JET2) has been hampered by a tough trading environment but it does not reflect the fact the package holiday group is giving customers what they want, says Peel Hunt.Analyst Alexander Paterson reiterated his 'buy' recommendation and target price of £22 on the Citywire Elite Companies A-rated stock, which climbed 1% to £14.70 on Thursday and has soared 40% over the past year.The company has described full-year 2025 year-to-date trading as in line with management expectations.'The shift to later booking patterns has continued, but robust booking momentum means load factors have improved since June,' said Paterson. 'Package holiday mix also remains much higher than pre-Covid levels.'Paterson said that Jet2 'continues to offer what customers want and generates superb customer satisfaction ratings'.'This is not an easy trading environment, and we do not believe the current valuation sufficiently reflects the group's progress,' he said.The shares currently trade on a price to earnings of 8 times which he said was 'far too low'.

[angus mcoatup] 05/9/2024 14:08

"What has happened to this once sensible feed?"You returned!

[rivaldo] 05/9/2024 12:58

A good, solid statement, with some optimism looking forwards.

Canaccord retain their 1900p target - and they've upgraded this year's numbers to 171.1p EPS (from 167.2p EPS):

"In consequence, our forecast revenues and cost mix changes and we now see FY25E PBT at £535m (was £523m), with outlook in line with management expectations"

Also worth noting:

"We estimate that Jet2 has the strongest balance sheet ratios in the comparator shown – so we think it can ride-out unexpected pressures and/or exploit opportunities. Its metrics are (in our view) much better placed that TUI, or easyJet."

They summarise:

"Jet2’s trading update demonstrates the distinctive value of holidays to us - which are >80% of revenues, backed up by a ‘Fortress Balance Sheet’. Summer has seen strong late bookings and resilient (increased +6% CGe) holiday pricing (flight-only was softer): We see FY25E PBT at £535m (and H1 PBT +13.8% YoY at £752m) and Jet2 see trading in line with management expectations. Summer 2024 seats are +12.4% YoY, on holiday bookings +8% (was +7%) YoY, flight only +17% (was +16%). Summer 2024 holiday mix is 70.2%. We see FY25E at 68.0%. We project booked holiday pricing at +6% CGe (H1) and flight-only softer (-2% CGe) for summer.

Jet2 shares have relatively outperformed TUI and easyJet by 20-33% YTD but we estimate Jet2 shares are £4.5 too cheap and are still pricing in a yet unseen 30% PBT downgrade. We believe Jet2 continues to generate strong cash earnings, and our BUY is reinforced by: the strength of Jet2’s holiday product (NPS up at 69 from 66), strong Which? reviews; its strong repeat custom; well-regarded colleagues; strong returns (~25% RoE); strong FCF; ‘fortress̵6; balance sheet with own cash remaining modestly above Jet2’s target ~£0.7bn minimum ‘own cash’ in 2029E after potential convertible bond repayment and capex rising to £1.275bn in 2029; and hard to replicate resources with competitively-priced assets (a 20-30 year competitive advantage, in our view)."

[scottish007] 05/9/2024 10:24

What has happened to this once sensible feed?

[castleford tiger] 05/9/2024 10:12

31-Mar-27 31-Mar-26 31-Mar-25
Revenue (£m) 8,576.19 7,825.37 7,174.33
Profit before tax (£m) 581.10 499.14 455.17
EPS 206.95p 184.72p 173.62p
P/E 0.0 0.0 0.0
PEG n/a n/a n/a
EPS growth 12% 6% -7%
Dividend 18.69p 17.21p 15.55p
Dividend yield 0.0% 0.0% 0.0%

15 buys and 1 netural

Latest suggests a 7% fall in EPS

Then up 6%
Then up 12%

Even on the 173p eps 96% of them rate this as a strong buy/buy.

Looking at numbers and what we know...........IF THE REST OF THE YEAR and winter remains good i can see us doing the 184p target for next year.

JET 2 like to under promise and over achieve.
They continue to push this to a £10b sales company.

Fabulous company that remains undervalued in my opinion.

tiger

the half way results in November will show if i am right.

[srichardson8] 05/9/2024 09:18

namely sales 7.3bn ebitda 717MN

[cb7] 05/9/2024 07:14

CT - similar to last year

[our haven] 05/9/2024 07:12

It does not make any sense, but then again this often happens initially. IMO will recover from the companies good news.Perhaps they are worried about winter.

[castleford tiger] 05/9/2024 07:08

What are brokers suggesting?