Jet2 Share Discussion Threads

[castleford tiger] 21/11/2024 14:50

Fabulous.
What a spot of luck that was yesterday.

i almost bought more before the close at 1420

tiger

[rackersthedon] 21/11/2024 12:16

just laughing at wrongosti here and him alone.
giving him a taste of his own medicine

[legg96] 21/11/2024 12:00

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.

[tongosti] 21/11/2024 11:32

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.

[martinmc123] 21/11/2024 11:19

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

[trying2trade] 21/11/2024 10:31

Imagine laughing at amateur punters who made profits... especially those who have congratulated those who made better calls. You look a fool not me.

[tongosti] 21/11/2024 09:59

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.

[rackersthedon] 21/11/2024 09:49

nice buy at 1450 CT.... when others were panicking there (we all know who hahaha) the brave stepped in

[snorkelparker] 21/11/2024 09:46

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

[davebowler] 21/11/2024 09:36

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.

[cm1991] 21/11/2024 08:21

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.

[cb7] 21/11/2024 08:16

Surely on course for the anticipated 200p eps this FY. For an airline with a sizeable net cash position, this is cheap.

[bootycall] 21/11/2024 08:09

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

[diviincomesearch] 21/11/2024 08:08

An upgrade, again. Sounds like a more meaningful one, not just slightly topping guidance.

Even with a 10% hike, broadly back to where we were a couple of days ago. Bonkers really.

Hope we can start a breakout and get more meaningfully towards £17 and then onwards.

[hericsaba] 21/11/2024 07:51

Expect 10% up today in the morning, let's see the what the market thinks about it...

[suetballs] 21/11/2024 07:44

Not been here for a while but the half year results are great.
Plus the whole year is ahead of market expectations.
Lovely.
Suet

[trying2trade] 21/11/2024 07:09

Well they're good and I've sold out the majority of my share too soon it would appear. Well done holders

[trying2trade] 20/11/2024 20:20

He who dares and all that. Aside from the numbers, be interesting to see if airbus delivery rates are mentioned.

[tongosti] 20/11/2024 18:27

Risky move pal.

[castleford tiger] 20/11/2024 17:55

should of waited rather than paying 1450 now 1420!

[castleford tiger] 20/11/2024 10:54

got my shares back this morning

[scaff55] 20/11/2024 10:26

looks more like a hunt for stop loses and some price bottlers. results tomorrow come on j2.

[gswredland] 19/11/2024 16:59

Looking like a return to 1300's from chart