Jet2 Share Discussion Threads

[festario] 07/10/2020 12:51

Ok, you got me.... I'll do £30k long.... only aiming for 2%In at 798.5p

[tongosti] 07/10/2020 12:42

Volumes seem to be coming back - V closely following with the view to go long again.

[scottish007] 07/10/2020 10:09

Turkey removed from list last Thursday.
Holiday cancelled by Jet2 on Friday.
Refund received today.
Customer Service is different class.

[castleford tiger] 07/10/2020 09:26

testing coming in to the uk?

So you go on holiday and if you have it on arrival you do 10/14 days?

Main question is which countries will allow us in ?
Switzerland has 10 days upon arrival if coming from the UK.
Tiger

[tongosti] 07/10/2020 09:00

Thanks pal - my closing the trade out does not compromise my immediate view on the stock in that I strongly believe the path of least resistance is up. It is just that my way of playing things consists in never letting a profit slip no matter what my prevailing view may be. Cheers and good luck.

[our haven] 07/10/2020 08:28

Looks wise as the sector is all going the same way. Congratulations on the profit YTD. Is a lot easier and safer to make profits elsewhere currently but that will change.

[tongosti] 07/10/2020 08:08

Don't like the fact that we did not follow up this morning off the bat. In addition, liquidity quite low so have had to scale out in batches and now am completely out. Small profit but enough to push my own DTG performance >80% ytd. Looking to re-enter if and when the next opp will arise.

[our haven] 07/10/2020 07:50

Starting with in only.

[castleford tiger] 07/10/2020 07:25

Airport testing going out or in or both?

[our haven] 07/10/2020 07:22

Airport testing trials to start second half of October states PM.

[senn1] 07/10/2020 07:16

Airport testing is not practical and the trials at Heathrow being £150

Not a realistic proposal

[castleford tiger] 07/10/2020 06:03

D3
EBIT is close on 3 z as last year it was from memory high400 and high 300 year before.
You can test at airports but people are frightened. I do agree we will survive but the upside is now what? To double to get where we were ?
Time frame unknown?
Too risky and easy pickings around.
Join the domestic boom in beds and sofas.
Tiger

[d3american] 07/10/2020 03:27

Long time owner, first post. Respect CT’s views and knowledge but agree with hardm and Tongosti, re: discounting. Jet2 competitors are either gone or weak, but Jet2 has bolstered their financial position and is taking market share. The pandemic will be dealt with, people will travel again and Jet2 trades at < 2.0x 2019 EBITDA. I expect them to beat 2019 with 2021; they are poised for an explosive 2021.

[hardm] 06/10/2020 22:05

Yes, I agree Tongosti. Investors look at potential and expectation rather than just current performance. In the case of Jet2:

Good news on airport testing/quarantine.
Good news on a vaccine by the end of the year.
Will 2021 be busy...yes, if a vaccine is available. Extra capacity will be brought in to cope.
Will Jet2 survive longer than Tui or Easyjet...yes is the thinking, and if either go bust then another share price rise is inevitable

[stevie wunderbar] 06/10/2020 21:29

“Announcement coming this week re airport testing for COVID.”

I did try to tell you all on 27th September.

[tongosti] 06/10/2020 20:42

Good hearing a sensible view. 100% on the same page pal - like I always say, markets proceed fundamentals.

Hence, the existing market action has a lot of folks confused.

PS. Re JET2 valuation being an impossible task (hence a lot of fundamental purists are on the sidelines) : yes it indeed it is but it's important to bear in mind that markets never move on "valuations" but rather on "perceptions about valuations". By way of an example (and yes I am aware it is a non-earning asset but just making a larger point) : an abstract painting which cost $100m 3years ago may sell now for $250m. Painting is the exact same - perception about its value has changed. Value VS Perception of Value is a big difference and a big topic which merits a completely separate discussion (and one which is way beyond the scope of this board). If DTG survives all this (and I think it will), then 800p will very likely prove to be a reasonable (not bargain mind you) price if one takes a 3 to 5 year view.

[hardm] 06/10/2020 20:30

Share price is rising on expectations of an announcement re: airport testing/reduced quarantine period. All airlines are up. It's not rocket science, investors see a way forward rather than a risk of business failure, so they're getting in at low prices. 1000 back in June was the result of the same reasoning.

[pjleeds] 06/10/2020 20:14

Airport testing comming

[tongosti] 06/10/2020 18:43

Markets are never wrong, own opinions are - Jesse Livermore

[scottish007] 06/10/2020 17:47

Strange world indeed CT

[castleford tiger] 06/10/2020 17:45

my daughter is holding some but they may be sold.
Her call
tiger

[festario] 06/10/2020 17:34

Indeed CT, it has the feel of a false market.I've suffered with those before.I'd be buying this at below 500p, but it's only worth a day trade at these levels, and a very careful one at that.

[castleford tiger] 06/10/2020 17:30

I tend to agree but as Tong points out its all false.

When the company was growing every month nobody would give it its fair value.

Now we have a business with no control over when it may start operating fully and a huge wage bill soon to be met by the company and the price rises to give a market cap of about half its peak.
We have no idea what cash burn is or the damage to its balance sheet.
We issued 20% more shares at 1/3rd of the peak price because the bank made us do so.
We sold off our transport division.
We borrowed or we will borrow several hundred million quid.
We cut the fleet size.
We laid off staff.
We cut the summer 21 program back to 2019 levels.
Summer 20 was a disaster and winter 20.21 could be the same.

The customer has NO idea when the Government might let them go on holiday.
The next 6 months will see cash pouring out of the company.

Now the charts and the tea leaves might say the shares will go to 10.00 and THEY MIGHT...................but in my opinion as a long term investor this looks too high.
Tiger

[scottish007] 06/10/2020 16:37

So Turkey gone and now Canaries put back until at least end October - share price rising.
Madness.

[senn1] 06/10/2020 16:35

Are the markets going to crater? feels like the rise is false imho

Biden win by the Looks of it ain't good for stocks unless you own a wind farm