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.

All IMHO.

TSQ.

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.

TSQ.

280p would be very nice for a top up!

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

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

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.

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

easyJet June passengers up 28 pct; load factor 86 pct
AFX


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

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.

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

100p is my guess....

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

anybody calling bottom on this one yet?

well i had to punts,and it seems to of hit the floor more or less now,planes still a cramped as ever bloody 737.

Am in EZJ from 220, and while I dumped the CFD I'm hanging on to the shares in an isa on the assumption that eventually they will go back. But goodness knows where the floor is. If they drop to around 115 I think I'll bail out and keep a watch on them ready to possibly buy back. Surely the company can't be worth only 40% of what it was a few months ago?

Can't believe this any nmore than WLF!

Where they go, nobody knows..................

Good luck all.

maggot,you would think not!

If they go to 115p to 118 again they are a sound buy for me.

I give those prices because I find it hard to believe that they got there in the first place.

Surely a sound buy with good return prospects.

All imo etc.

you will be very lucky at those figures sw.

So is this the turn?

Dont get carried away.

One good day for the market as a whole does not mean a price recovery for any particular stock.