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.

Is anyone surprised by the rise in sp in the past few months, surely the finance fundemental alone do not generate this rate of rise. Imminent bid for this company must be on the cards very near future.

I think there is a connection in sp and traffic stat (released monthly) which has been rising consistently. The traffic stats will give you an idea how well the company is performing, not like traditional way to wait for the trading update or interim which leaves PI guessing. Any positive news always drives the sp up and with the 'monthly trading update' being positive its hardly surprising the sp is on the up.