Jet2 Share Discussion Threads

[investor73] 13/2/2021 12:49

The capital raising is not going to hurt Jet2, it can only strengthened the balance sheet further imo.

[castleford tiger] 13/2/2021 12:20

The Company's banking group remains supportive, having already agreed to waive the semi-annual covenants for March 2021 and September 2021, conditional upon a minimum gross equity raise of GBP100 million and GBP250 million, respectively.

Looks like the bank once again forced this fund raising rather than Jet2 being in control.

Tiger

[scottish007] 12/2/2021 23:33

Love Jet2 - Still overpriced.
My money remains elsewhere.

[investor73] 12/2/2021 22:49

People vaccinated
First dose total
14,012,224 to Thursday, 11 February 2021.

Second dose total
530,094

[analcime] 12/2/2021 22:08

The worst scenario is we all get jabs in the UK and we are so grateful we stuffed the EU (ie Brexit)... but they are wnkrd re: Covid and we cant soak up 'there' sun..LOL

[grahamnash] 12/2/2021 17:32

From what I hear from children's friends (twenty-somethings) everyone wants a European holiday when govt allows. My guess is that there will be much greater competition amongst the holiday destinations/hotels/villas than between airlines. J2 might not have to lower prices at all as holidaymakers will have got a saving elsewhere and be happy to pay usual transport price?? Not back in yet, waiting for dust to settle around placing and vaccine news. GLA

[suetballs] 12/2/2021 13:53

kinwah - I think they'll survive - lastminute was certainly a trailblazer.
But it is so easy to alienate customers.
Suet

[bashor] 12/2/2021 13:33

I’m in with a hope for summer holidays and the worst is over

[snorkelparker] 12/2/2021 13:31

added today .had a order at 11.8 but eventually moved up to 12 for a fill..400 mill is a good cushion...

[tongosti] 12/2/2021 12:38

One resident rookie pontificated yesterday we would be opening several pounds down today. LOL. As per my post yesterday - this was well anticipated in the market. It went unnoticed to many but JET2 was pulling back (on low volumes) at a time when US indexes are having the party of their lives. A very good tip off that any drop on announcement day should have been well contained. So far it clearly is. The only major risk I see here in the shorter term is wider markets pulling back (high probability event truth be told). Bar that, price action here was and remains very constructive. A casual look around this board provides ample evidence of extreme fear and disbelief at current markets valuation. Key indicator pointing to an unloved rally. Like I said yesterday, JET2 has managed to pull an absolute blinder with the current raise. How to make money out of all this, I hear you say? Jesse Livermore put it best - smart people trade what they see not what they think (should happen). Such "thinkers" (as per this JL's description) get taken for a ride by the markets. We have seen plenty of such players on these boards year in year out.

[kinwah] 12/2/2021 12:24

Suet, regarding Lastminute, I've just recently received a cash refund for flights booked through them. I think the issues are Lastminute are short-staffed and their computer systems seem to have some problems. They will also be facing cashflow pressures as the brand appeals to people taking short breaks or booking at short notice. They've been good in the past so I hope they survive but if they don't there's always Expedia.

[festario] 12/2/2021 11:58

I've stuck a £20k order in at exactly 1180pIt will act like a magnet, and be filled today or Monday.

[suetballs] 12/2/2021 11:11

lastminute.com faces court action over £1m of refunds.
Repution will suffer a nasty blow whatever happens.
Suet

[festario] 12/2/2021 11:10

I'm a buyer at 1180I always buy when a stock hits a placing price.

[castleford tiger] 12/2/2021 11:09

Think we all agree demand will outstrip supply until the operation is ramped up.

[our haven] 12/2/2021 11:01

Down around only one pound is an excellent result. Continue to sit on my hands however as valued too high IMO. Good luck to all holders.

[skanjete2] 12/2/2021 10:49

Obviously, there will NOT be the same number of planes and NOT be the same number of hotels (look at all the capacity reductions in the sector and bankruptcies).

And demand will be a LOT higher. People at the moment are ordering holidays just to have the perspective on a holiday, so they have something to look forward to.
People are itching to break out of this terrible lock down winter.

So what will happen if they give the "all clear" signal?
There'll be a rush and I assure you prices won't be ridiculously low. The prices rises after the Cook bankrupty will be nothing compared with what we'll have this time.

[shanklin] 12/2/2021 10:14

So, post pandemic, there will be the same number of airports, same number of planes and same number of hotels. Obviously there will be huge demand from parts of the population but there will be others who are far more cautious. So will net demand be any greater than pre-pandemic?

No idea about JET2, but my understanding was that prices being offered were ridiculously low to stimulate demand.

So what's the basis for hugely increased margins... ...much as I would love them if I was a shareholder?

[skanjete2] 12/2/2021 08:52

You don't have to look at past events, but coming events.

Suppose their margins will be 40% higher for a few years, the investment isn't as expensive as you think it is.

[32campomar] 12/2/2021 08:47

Totally get that, but all I'm saying is the valuation is more than up with events. Its currently valued at more than when the pandemic struck with 40% more shares in issue. So as an investment it's very expensive.

[festario] 12/2/2021 08:45

What Spob said

[spob] 12/2/2021 08:41

It's not just about what happens in this country

or what our government does

or how many people in the uk have been vaccinated


going on holiday this year or next year also depends on restrictions put in place by governments in destination countries

[skanjete2] 12/2/2021 08:39

Marketcap is now about 2,6billion.

With this money they'll get to the other end of the crisis and will find themselves well prepared to harvest the opportunities that will come.

There is enormous pent up demand and capacity in the sector is down. I read holiday prices for 2021 are now already 20% higher than in 2019. It will take some time and money to increase their capacity, but their margins will not be comparable to 2019, they will be way, way higher.

For those who dare to look a few years into the future, the shares are fully valued, but certainly not extremely overvalued by the standards of the current market.

The share issue at this prices was a really great move! I have every trust in the management of this company to keep on creating shareholder value.

[shanklin] 12/2/2021 08:14

Fantastic for JET2 to have raised this much emergency funding at a price so much higher than any sensible valuation.

If as, per The Times, social distancing and other measures are in place until the latter part of 2021, its difficult to see holiday flights taking place for many months.

Social distancing rules in England could remain until autumn




Coronavirus: Travel firms fear limit on passenger numbers



Great company, horrendous situation to find themselves in. Lets hope they survive all this.

[suetballs] 12/2/2021 08:03

32 - I understand concerns about dilution but look at the opportunities post covid.
And trust from the punters too.
Suet