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.

EZJ EASYJET

27 Nov easyJet PLC EZJ UBS Buy 709.75 706.50 780.00 780.00 Reiterates

SP TARGET 780p.

However much I respect Stelios I really do believe it is now time for him (and the family) to back off and let the current board continue with their job in hand as it is pretty obvious they know what they are doing

I had a spot of good luck with Easy. Been there since £3.80 -- so a nice bonus at the end -- but when is the end ? I think it has the potential to reach £ 12.00
Might be optimistic but there is nothing to say otherwise. Strong company, top results and in this climate it seems one of the few really to invest long term.

Looks like these guys are set to go into the FTSE 100 at the end of the month.

Broker Notes 3/04/2013

Panmure Gordon re-iterated its "buy" recommendation on budget airline Easyjet (EZJ) with a 1,250p target price. The broker is impressed with the Q1 revenue per seat growth of 8% in a result which was significantly ahead of market expectations and news which resulted in the firm increasing its H1 revenue guidance to a range of 6-8%. Looking ahead, Panmure believes that anticipated 3-5% capacity growth will allow yields to grow strongly, boosted by increased penetration of the business market amongst other factors.


3rd april

Liberum Capital 'Buy' target 1,246.00

Reiterates

Better figures than expected this
morning on update.........

easyJet expects to deliver a first half performance in line with the guidance given in the 24 January 2013 Interim Management Statement.



Revenue per seat growth at constant currency for the six months to 31 March 2013 was c. 8.5%, marginally ahead of the guidance issued on 24 January 2013, driven in part by stronger than anticipated late bookings in the run up to Easter. easyJet's first half revenue per seat growth was approximately 1.5 percentage points higher due to the timing of Easter which fell on 31 March, a week earlier than 2012.

Well good reports all around but the market has voted down do Ive flogged mine at a loss.

Personal pride isnt going to get in my way.

This is doing v. nicely and looks good for the near future.


Comment from Digital Look

"EasyJet shares´ ascent shows no sign of stopping. Passenger numbers have grown over the last year as has the load factor for its planes - a measure of how full they are. The company has further invested in 25 pairs of arrival and departure slots at Gatwick, which looks set to increase profits further. Thus, the only question seems to be whether it should buy more aircraft to try and steal more market share from competitors, especially business travellers. For the company´s largest shareholder, Sir Stelios Haji-Ioannou, that would be a vanity excercise and a drag on profitability. The earnings multiple of 14.5, falling to 13, does not look overstretched for a growth business and the yield is 2.1%, with plenty of scope to increase. The shares are once again a buy, Questor concludes. "

Anybody have ideas why the drop of 4.7% in SP to-day?

nope- profit taking?

HSBC downgrade.

HSBC!

Yes!

How the mighty have feet of clay.

Up over 7.5% at the moment.


"RNS
easyJet Q3 revenue climbs 10.5% but load factor declines

StockMarketWire.com

No-frills carrier easyJet said total revenue for the third quarter to end-June grew by 10.5% to £1.142bn, driven by a 3.6% increase in capacity and improvement in revenue per seat, which improved by 6.1% to £61.44.

Revenue per seat grew by 6.1% at constant currency or by 6.7% on a reported basis to £61.44 per seat driven by network optimisation and the on-going programme of revenue initiatives including the 'europe by easyJet' campaign, improvements to the revenue management system and the benign capacity environment for easyJet.

The load factor of 88.2% was 0.9 percentage points lower than prior year primarily driven by the timing of Easter which fell on 31 March 2013, a week earlier than in 2012. Passengers carried increased by 2.6% to 16.4 million.

Cost per seat excluding fuel increased by 4.5% at constant currency or by 6.4% on a reported basis. The increase was driven by the anticipated annualisation of significant increases in airport charges at regulated airports, especially those in Spain and Italy together with higher than anticipated disruption.

easyJet has secured its new framework arrangements for new aircraft through to 2022 to allow it to continue to execute its strategy.

easyJet announced that it has reached an agreement to acquire Flybe's 25 slots at Gatwick from summer 2014 for a total consideration of £20 million, subject to Flybe's shareholder approval.

Cash and money market deposits were £1,454 million and net cash was £714 million at 30 June 2013 demonstrating easyJet's continued strong balance sheet.

easyJet expects profit before tax for the year to 30 September 2013 to be between £450 million and £480 million assuming no further significant disruption."

Numis Add 1,450.00 1,336.00 - 1,500.00 Reiterates

if the present market correction is no more than that and will soon start bouncing, then this looks a good time to buy EZJ ..... look at the history of the chart .... it hasn't challenged 200 dma since it broke north in late 2011

Passenger Numbers out today.. tin hats?

EASYJET PASSENGER STATISTICS FOR AUGUST 2013

Doesn't look to bad on the face of it.

Ed: I've corrected my last post.

I'm hoping for the 'read across' to IAG.