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.

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.

Nov 18:

Credit Suisse: Outperform - TP: 1837p
Panmure Gordon: Buy - TP: 1800p

Nov 19:

Jefferies... : Buy - 1750p
Deutsche Bank : Buy- TP 1830p
Beaufort... : Buy - TP: N/A

Questor/Telegraph: Hold

Nov 20:

Citigroup: Buy - TP: 1860p (trumps recent high among brokers))
Liberum Capital : Buy - TP: 1725p (up from 1650p)

EZJ flying today.

Nov 27:
RBC Capital... Sector Performer - TP: 1675p
Credit Suisse Outperform - TP: 1837p

StockMarketWire.com
Low-cost airline easyJet carried 4,386,296 passengers in November - 3.1% up on a year ago.

The load factor was 89.5% - up from 89.0% last time.

On a rolling 12-month basis, the airline carried 65,204,437 passengers to the end of November - up 6.6%. The load factor increased to 90.8% from 89.3%.

Dec 8: Nomura: Buy - TP: 1850p

10 Dec 2014 easyJet PLC EZJ Liberum Capital Buy 1,654.00 1,625.00 1,725.00 1,725.00 Reiterates

SP Target 1725p