Just a heads-up for any traders out there. Easyjet seems to be bouncing back after its 20% fall during the week.

MM's seem to be walking the price up.

Right now we have EZJ Bid: 608.5p Offer: 609p Change: 11, was up 13 a few minutes back.

I was out with 30pts today , watch see what happens now.

RBC note today:
To us, the key to easyJet’s H1 result of a PBT loss of £53m (£61m loss) vs. company’s £55–65m loss aspiration despite the adverse revenue impact from a later Easter. H1 saw revenue per seat lift 2.6% (1.5% constant currency), while cost per seat was up 1.9%, and ex Fuel cost per seat was up 0.8% (0.5% constant currency), thus reducing operating and pre tax losses. Unlike some peers, fuel costs continued to rise 8.2% on 6.8% ASK growth, which we think stores up a future reduction in fuels cost (per ASK) as underlying US$ kerosene costs remain in the mid-to-high 900s/tonne, but GBP has appreciated against the US$. Fuel and currency hedges have more minimal effects from 2015/16E onwards. Overall, incremental margin in H1 (reduction in op loss/growth in sales) was 7%.
H2 – focus of seat supply growth on the stronger seasonal demand summer: After 3.6% H1 seat growth for the half year to end March, 2014, summer (to end September 2014) seat growth is set to be 6.7%, as easyjet places supply into usually seasonally firmer summer markets. With an important UK presence, we think early signs of scope for improved UK consumer discretionary spending may help demand firm in the short term. However, 6.7% summer 14 seat growth is an acceleration of the 3% in summer 2013, and competitors are set to grow 3% this summer, vs. cutting seats by 1% last year
Consensus £570m PBT for 2013/14E unlikely to change: Last summer’s ~7% revenue per seat growth seems unlikely to re-occur this summer. The company sees low-single-digit gains in RPS this summer (as we think it is being cautious about soccer World Cup effects on demand). Thus BBG estimates that centre around cons median of £570m PBT may see higher-end projections drifting down to a tighter PBT range closer to the median £570m after today’s results.
Longer-term challenges: Longer-term, easyjet will need to ride out the challenge to leisure discretionary spending in the UK when interest rates (and then in time mortgage payments rise), although this may increase the investment earnings for its older/retired passengers, who have time to travel outside weekend peaks. In the higher yield business-like market (where easyjet grew 8.5% in H1), as Ryanair becomes more like easyjet’s offering, competitive threat could increase once Ryanair loses its reputational challenges with certain potential customers, although as legacies pull back overall LCC opportunities may still exist, provided that legacy ‘block and tackle’ does not become prevalent.
Our view – no upgrade trigger yet: easyJet shares trade at 14x YA PER vs. non EM global LCCs at ~12.5x but have middle rank performed vs. most of RBC’s European covered airlines lifting 13% YTD in absolute terms vs. 41% for AFKLM, 19% Lufthansa, 11% Ryanair, and -2% at IAG. We think lack of incremental profit upgrades has stymied progress. However, improved (Easter adjusted) Q2 revenue/seat growth suggests that the price outlook is positive for summer 2014, although next winter carries new challenges, which keeps us at Sector Perform."

13 May 2014 easyJet PLC EZJ Credit Suisse Outperform 1,653.50 1,730.00 2,021.00 2,021.00 Reiterates

SP Target 2021p

13-May-14 Numis Securities Buy 2,100.00

May 14: RBC Capital: Neutral - TP: 1800p

glad i put into my sipp and also added a few outside following the clunk

Move quickly to the closest usable exit leaving your hand baggage behind. Emergency lighting at floor level will help you find your way to the exits. These are clearly signed. Your crew will now point out the exits nearest to you.

CD - i trust you are running a large short position then

No

Took money off the table.

Will look to get back in if possible.

Alternatively
welcome aboard this short flight to 1850 ,we shall be experiencing some turbulence along the way with daily fluctuations of 50p or more ,however it will be an exciting flight and we may overshoot our destination by some 150 points ,where it would be advisable to get out before going back down again ...Thank you for buying Easy Jet.

May 28: JP Morgan Cazenove reiterates: Overweight
TP down from 1965p to 1,909p.

Trading statement on Thursday, 5 June.

June 2: Numis: Buy - TP: 2100p.

EASYJET PASSENGER STATISTICS FOR MAY 2014

June 4: Cantor: Hold - New T P: 1500p albeit before today's statement.
But Cantor's past projections have been pretty downbeat as well, even when
EZJ has been perfprming well.

EZJ is a bit unloved at the moment (as is TCG), but it keeps producing the numbers, so i'ld hope investors eventually see the light once more

June 10: Liberum Capital: Hold - TP: 1650p.

I will give the a match to light their candles.

I hope they see the potential soon!


8-0

May be I need to start booking some more flights to help out here!!

Gone long on EZJ.

Oversold imho