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Authoritative Independent Monthly Share Selections Using Technical & Fundamental Analysis

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Easyjet

December 2023

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:
  • 391p
There are signs of life in low cost air travel with Wizz Air, 1827p, seeing a 19.4% jump in passenger numbers in October, while Ryanair, €16.15 (listed on Euronext) saw an 11% rise in passengers and a massive 59% increase in profit for the half-year to September, even wowing with a maiden dividend. Another doing well is Easyjet, which expects to show a record second half (profit: £850-£870m) driven by 7% passenger growth and a 15% rise in revenue per passenger. Unchanged FY23 guidance of £440-£460m would surely have been higher but for the large winter losses, a hangover from the pandemic. Nevertheless the outlook is rosier with Easyjet announcing a new target to exceed £1bn pretax profit in the “medium-term.” Easyjet is second on ...

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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.

All material on this website is protected by copyright. You may use Information retrieved from the www.scsw.co.uk website for your own personal non-commercial use which means that you may not sell or copy this information to any third party without prior written consent. ISSN 1358-183X

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