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Easyjet - Gain in 4 months:66%

January 2021

Investing in shares may lose you all or some of your money. Past performance is no indication of future performance. Some of the shares recommended here may be small company shares, which can be relatively illiquid and hard to trade and this makes such shares more risky than other investments.

  • Epic Code:
  • EZJ
  • Price:
  • 818p
My mini low-cost airline portfolio has strapped itself in for G-force recovery since I highlighted Easyjet at 493p (last September) and Wizz Air, 4558p, at 2162p last May with gains standing at 66% and 111%, respectively!In Easyjet’s case, final results on 17 November feel almost irrelevant given the impending vaccine roll-out and rumoured UK Government plans to cut quarantine for returning travellers from 14 to just 5 days. Reflecting the lockdowns and travel restrictions, revenue decreased almost 53% to £3bn. The headline loss was £835m (2019: £427m pretax profit). Net debt rose to £1,125 million (2019: £326m), which includes £710m IFRS lease liabilities. Management has beavered away to raise a further £436.4m post year-en ...

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With small companies there is an above average degree of risk compared to buying blue chips. Please be aware that we have not assessed the suitability of any of these investments for you. The newsletter simply states a personal view and diarises the editor’s investment decisions. Please speak to your stockbroker or other qualified individual to ascertain whether any of these companies mentioned would form useful additions to your own portfolios. Past performance is no indication of future success.

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