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.

hey guys..i have been following these since the last lurch south tempted to pile in (damn i didn't). reason why i think these are interesting is that i think old stelios will make a dawn raid and take it private again. any thoughts?

Proptrade i hope your right there. That was one of the reason`s while i stocked up ,it`s a very low risk at this price level . And my second buy is now in to a small profit,nice and long me thinks,like a runway, good luck all ..

up on talk ryanair could be in for a bid....hope so

All help`s the share price,there`s only so long people can rubbish it,before people see it for what it is,,value at this level,just my view.

prepare for take off and fasten your seat belts......

wow, have i missed this. good luch to those in, i am waiting for a price in the mid 20's

what's the latest gossip on this? something about an icelandic airline taking a stake is the last I heard...

Nice one Dave, you can surely pick 'em!

Afternoon boys,sw just got back from doing a deal with a friend on some footwear,,wow,,,even better news,and much more quickly than i thought,result.

Still climbing and there`s a nice bit of altitude in the price,since i boarded,there`s only 1 way to travel today EASYJET!!!

Dave, my friend you appear to have done it again! Heard on Working
Lunch something about a take-over with these - Good Luck and to
join the pun-jokes never mind the take-over see the take-off!!
LOL ;>)

Thanks bunny,i have had these about a month now,been watching for a while over 12 months,just got lucky,up about 200ish on my first buy and over 2k on the other,,,and i was after some a couple of days ago when they where mid 120s ,but thought better not!!!!!!s**t.

Well hannes smarason gets what he wants at last a slice of the action , But will stelios let him take his baby,,i dont think so.
I here mr haji-iannou is on his back to england for the weekend,,,i wonder what he has to talk about !!!!.

Bright and early monday morning.

22/10/04 17:41 Teather&Greenwd.Hlds (TEG) Investment in EasyJet
Teather & Greenwood Holdings PLC
22 October 2004

The Icelandair Group ('the Company')



Investment in EasyJet PLC ('EasyJet')


Following speculation in the Icelandic and UK press, Icelandair confirms that it
has purchased a 8.4% shareholding in EasyJet. The Company has recently taken
authority under its constitution to utilise its financial resources to make
investments in related areas. The Company regards its investment in EasyJet as a
long-term trade investment to which it may add in the short-term.



The Icelandair Group is a publicly traded investment group company focusing on
airline and travel services. It operates 13 subsidiaries. The largest one is
Icelandair, Iceland's flag carrier. Among other holdings are a charter
marketing company, cargo marketing company, a hotel group, car rental and travel
agencies. The Company's turnover is 315 million pounds sterling.



Hannes Smarason, Chairman of Icelandair said:



'Part of the company's investment policy includes making investments in sectors
where the group has specialised knowledge. The Icelandair group is financially
strong and the company is seeking ways to improve the return on its cash. We
have therefore kept our eyes open for the opportunities in airline related
securities. We have a positive opinion of the EasyJet's business model and we
think that the company has a bright future'.



Contact:

Icelandair
Hannes Smarason +354 5050 300

Teather & Greenwood
Christopher Hardie / Jon Drage +44(0)20 7426 9000
Adam Pollock(sales)








This information is provided by RNS
The company news service from the London Stock Exchange


What happened to the rules on this???time 17:41pm

Emailpat,it is looking strong now up to 2.00 i think.

Bright and early ish , will today bring a higher altitude i think so.

Now that the profit takers have done after the recent surge we can look forward to some steady uplift towards 180p at least in the short term IMHO.
Meantime Citygroup Smith Barney have just raised their target price to 170p.

Still in and looking for a nice profit.

dd-good if they bust 1.60 :)

Emp,i think there is more to come yet,wait and see.