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.

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.

Should be a great day today,bright & early.

dd-you must mean bprg surely :)

Are we in are seats.

interesting....worth another punt i reckon !

Onwards & upwards until thursday,you can now take off your seat belts ..

Please keep your seat belts on - have not yet reached our cruising altitiude!

Eye/eye,captain is there turbulence on the horizon .

dd-only below 160 altitude ;)

I thought there was a clear sky ahead,,off with the belt .

Looks like it on its way, with nice steady UP.

Dscott62,some nice spikes here,but its early days.

Agree still early days, but will be good if the trend continues.

Sold 1 lot , 6000/ 1.57,bought at 1.50.