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.

Oct 24: Cantor Fitzgerald: Buy - TP: 1600p

Oct 28:
Deutsche joins Buy list - TP: 1830p
JP Morgan: Overweight - TP held: 1815p

Nov 3; Numis: Buy - New TP: 2100p

From Travel Weekly magazine. ( I don't hold these )
6 November 2014


EasyJet saw passenger carryings rise by 5.5% in October to more than 5.8 million.

The budget carrier’s load factor rose by 1.8 percentage points to 90.9% over the same month last year.

The October figures mean that the airline’s rolling 12 month total of passengers increased by 6.6% to more than 65 million with an improved load factor of 90.7%.

The figures follow easyJet ramping up capacity for next summer’s peak period with a record 13 million seats on 79,000 flights from the UK put on sale last month

The airline expects to carry more than 45 million passengers throughout the whole of next summer.

Nov 6:
Credit Suisse: Outpe rform - TP: 1837p
Liberum Capital: Buy - TP: 1650p
Panmure Gordon: Buy - TP: 1800p

Share price taken a hit today following on from the FLYB statement and adjustment in the balance sheet regarding the EU directive about compensation claims for delayed flights. I think I would rather have my flight delayed by an hour or two - it doesn't matter which airline I'm flying with - rather than have my safety compromised by a growing compensation culture which puts pressure on airlines and travel agents.

Had nothing to do with FLYB, it had hit a resistance line at 1600p. Go to spec savers.

Also, results on 18th.

GF

Are you using 3 mth channel and double bottom or straight 1600?

Here Fred..............

Results 18th hmmmmmmmm compo claims for delayed passengers will probably play a part. Im out until after the results.

Wont have the effect we saw with FLYB today, that was a string of red flags I knew which would come up and which I flagged up on the flyb thread over the last 6 weeks or so.

GF,

Thanks. I did notice same resistance lines.

Didn't like volume yesterday, but "think" it will break the 1600. Fingers crossed.

Have a good day!

Yep cheers Fred.

Nov 18: Nomura: Buy - TP; N/A

Finals tomorrow.

Final Results

Drive demand, conversion and yields across Europe

· Total revenue per seat increased by 1.2% on a reported basis, and by 1.9% on a constant currency basis to £63.31 in a higher capacity environment. The growth in revenue per seat was driven in part by a number of digital and revenue management initiatives and a continued focus on capital allocation. Second half revenue per seat on a constant currency basis grew by 1.9%.

· Seats flown grew by 5.1% to 71.5 million.

· Load factors increased by 1.3 percentage points to 90.6% and passenger numbers rose by 6.6% to 64.8 million.

Maintain cost advantage

· Cost per seat excluding fuel decreased by 1.2% on a reported basis but increased by 0.6% on a constant currency basis to £37.70 driven by increases in charges at regulated airports offset by the continued delivery of easyJet lean initiatives. Second half cost per seat on a constant currency basis increased by 0.7%.

· easyJet lean delivered sustainable savings of £32 million in the year of which £18 million were delivered in the second half.

· CFM selected to supply engines for future deliveries of current and new generation aircraft delivering one-off cost savings.

Build strong number one and two network positions
· New bases opened at Hamburg and Naples during the year and new bases announced for Amsterdam and Porto.

· easyJet started flying the former Flybe slots at London Gatwick on 30 March 2014.

· Options and purchase rights exercised over 35 A320 aircraft to take advantage of profitable growth opportunities.

Disciplined use of capital

· Return on capital employed grew by 3.1 percentage points to 20.5%.

· easyJet ended the financial year with £985 million of cash and money market deposits, a decrease of £252 million against the position at 30 September 2013 which reflects the continued cash generation of the business offset by the payment of a £133 million ordinary dividend and a special dividend of £175 million to shareholders in the year, pre-delivery payments for new aircraft and repayment of borrowings.

· The Board is recommending an increased ordinary dividend to shareholders of £180 million or 45.4 pence a share based on its enhanced ordinary dividend policy of paying out 40% of annual profit after tax.

"After the year-end the UK Supreme Court effectively upheld a Court of Appeal ruling in favour of paying EU261 compensation to passengers who experience a cancellation or a delay of more than 3 hours due to certain types of technical failure. easyJet operates a young and reliable fleet and fully complies with all applicable rulings relating to EU261."
.........................ends.


Might not have seen it but have EZJ like other air liners made a provision for EU261 going forward????????????????????????????????????????????????????

And if not is this holding the SP back?????

Need to see this before Ill be buying back in.

"The Board is recommending an increased ordinary dividend to shareholders of £180 million or 45.4 pence a share based on its enhanced ordinary dividend policy of paying out 40% of annual profit after tax.'

40% Payed back in divi s, is that generous or normal going or not in terms of companies policy?

Not sure Stan I go for capital appreciation and hardly bother with Divis.

Think Skinny will be your man for this.

Fred will have a good idea aswel I think.

If one is looking for income only, I would say there are better opportunities
elsewhere unless there is also a special divi as last year. However, capital growth
with income makes this relatively attractive as things stand imo, even though
the sp has more or less stagnated recently. For now, I think things are looking up.

If there is an eventual change at the top, things might change in the short run:

Telegraph comment re CEO

Telegraph after results

Nov 18:

Panmure Gordon: Buy - TP: 1800p
Liberum Capital: Buy - TP: 1650p
Cantor Fitzgerald: Buy - TP: 1600p
HSBC : Underweight - TP: 1275p

HSBC odd man out.