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Easyjet - growth to take-off (EZJ)     

thestatusquo - 07 Apr 2004 17:46


March passenger and load figures confirm growth trend at Europe's main budget airline.

Present share price may provide a good medium term buying opportunity, given recent broker upgrades to 380pence.

Consensus EPS for Sep 04 is 20.7p, rising to 26.8p in 05, and 35.3p in 06. Given the new routes announced recently, these forecasts are probably too cautious. A PEG ratio well below 1, puts this stock in the growth-value category, and well worth holding for the next 12-24 months.



thestatusquo - 13 Apr 2004 12:15 - 2 of 159

Shares Mag rates Easyjet a BUY at 305pence.

HSBC has upped its rating from 'add' to 'buy' and set a price target of 400pence.

Given earnings forecasts, expansion of routes, move to cheaper Airbus planes and potential growth in the un-tapped European low fares sector, it all adds up IMHO to a buying opportunity.


WOODIE - 13 Apr 2004 12:37 - 3 of 159

agree with you downside risk is limited taken out spreadbet at 3.07 4oo pence long way off strong resistence levels all the way up looking for 320 when results come out in may.

thestatusquo - 13 Apr 2004 13:07 - 4 of 159

Agree Woodie on downside.

I think the "fear" discount is already priced into the stock, as I think given earnings momentum, fair value would be much higher than where we are now.

New routes to Spain & France start in June and are likely to be popular given the numbers of property owners abroad. Revenue is usually biased towards summer season and this will improve it further.


WOODIE - 14 Apr 2004 11:04 - 5 of 159

needs to get above 300 pence in next two days.

thestatusquo - 14 Apr 2004 17:04 - 6 of 159

We got to end over 300p on a down day. Interim results due in 3 weeks on May 7.

You got technicals ur looking at Woodie?


WOODIE - 15 Apr 2004 10:24 - 7 of 159

tsq picked up more on spread bet yesterday below 300p using technicals however 2 closing days below 300p will close bet.the risk reward is to great to miss on this one.

thestatusquo - 15 Apr 2004 14:44 - 8 of 159

Correct me Woodie, but these have gotta be a buy below the 300pence level, given the earnings picture going forward?

I bought these on a 3 year outlook, with a view to reassessing after 2 years. The 3 year prospective p/e comes down practically to single figures. Fundamentals look excellent, valuation cheap at these levels?


WOODIE - 15 Apr 2004 15:50 - 9 of 159

tsq nothing wrong with fundamental view agree long term buy but iam not in for long term. cheers woodie.

WOODIE - 17 Apr 2004 10:58 - 10 of 159

closed bet,looking for support in 280p area will come back in to recover losses,tsq are you looking to pick some up needs a bounce of 200 day trend line?

thestatusquo - 17 Apr 2004 17:57 - 11 of 159

Yep, I like this one Woodie. Will average down purchase price.

Really looking for a good summer season with new routes, looking for 380p on a 6month view. Current lows don't bother me in the slightest.

For me, holding the actual stock, I obviously don't make a loss until I sell, so happy to hold.


thestatusquo - 17 Apr 2004 17:58 - 12 of 159

280p would be very nice for a top up!

WOODIE - 18 Apr 2004 15:57 - 13 of 159

tsq good luck at the moment trend line coming in around 284p looks like it heading there?

WOODIE - 19 Apr 2004 09:34 - 14 of 159

tsq hit trend line early morning opened new postion at 282 did you get in or missed the boat?

kandrews250 - 07 May 2004 15:57 - 15 of 159

Hope this is the turn opened long today currently up .5 with long term view and wide stop.. just in case. Abn advise add with 260 target.

ajren - 07 May 2004 17:45 - 16 of 159

Eastern europe - new E.U.countries - has huge earnings potential flights
to Estonia.
rgds aj

apple - 07 Jul 2004 16:31 - 17 of 159

easyJet June passengers up 28 pct; load factor 86 pct

LONDON (AFX) - easyJet PLC, the Luton-based low-cost airline that issued its second profit warning in less than five weeks early last month, said it carried 2.24 mln passengers in June, an increase of 28 pct on the same month last year.

Load factor -- passengers as a proportion of the number of seats available -- was 86 pct, the same as last year and compared to 81 pct in May.

Ray Webster, chief executive, said the figures were in line with its June 6 statement.

'We continue to capitalise on our market and financial strengths -- last month we began new services to Cologne, announced that we would base a further three new aircraft at Berlin (bringing the total to nine) and added five new routes from London Gatwick.'

easyJet's rolling 12-month revenue to end-June was 1.03 bln stg, up 21 pct, while the rolling 12-month passenger total and load factor was 22.9 mln and 84 pct respectively.

The airline's June 6 update forecast a year to end-September 2004 pretax profit that 'at least' exceeds the 52 mln stg achieved last time -- assuming a slight easing in global oil prices, that sterling remains reasonably strong against the US dollar, and a stable geopolitical environment.

Earlier this week Stelios Haji-Ioannou, easyJet's founder, was linked with a possible move to take it private.

Reports suggested Haji-Ioannou, who stepped down as easyJet chairman in 2002, plans to fund a 650 mln stg bid by selling his family's interest in the Stelmar shipping business, borrowing, or teaming up with a private-equity or venture capital group.

Haji-Ioannou's easyGroup Holdings Ltd vehicle holds 16.6 pct of easyJet's equity. His brother Polys and sister Clelia hold a further 24 pct.

easyJet's shares closed Tuesday at 150 pence, valuing the company at 599.4 mln stg.

showArticle 07/07/04 07:31 easyJet June passengers up 28 pct; load factor 86 pct AFX

apple - 07 Jul 2004 16:36 - 18 of 159

These are looking good at this price, it looks like the fall was unjustified.

3 blocks of 1/2 Million were bought in the last 1/2 hour.

Johan Bernard - 25 Sep 2004 11:02 - 19 of 159

Where are we going from here? What price will be reasonable to start to buy this stock at?

mitzy - 25 Sep 2004 16:17 - 20 of 159

100p is my guess....

daves dazzlers - 25 Sep 2004 20:18 - 21 of 159

tsq,,,2 buys of late 1.50/1.31 18k in total . not to happy with the price fall on friday but thats life,looking for about 25k return on my holdings,be lucky all
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