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EasyJet PLC (EZJ)

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idpickering
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EasyJet PLC (EZJ)

#278871

Postby idpickering » January 21st, 2020, 7:51 am


Wizard
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Re: EasyJet PLC (EZJ)

#292453

Postby Wizard » March 19th, 2020, 5:22 pm

I wonder if they will come to regret paying the dividend...

https://www.bbc.co.uk/news/business-51962981

Meanwhile, EasyJet's chief executive Johan Lundgren has defended the payment of £170m in dividends to shareholders, at a time when the company is seeking financial help from the government...

...Meanwhile, EasyJet's chief executive has told the BBC the company is asking for government loans to help it weather the crisis.
He said the company was "first and foremost" trying to save cash. But he added: "Since we don't know how long this thing will last we also think it's appropriate that we're also looking for financing being supported as well from the government."
Such support, he said, would take the form of "loans on a commercial basis".
He defended a £170m dividend to shareholders, due to be made tomorrow, saying it had already been signed off - and the company was legally obliged to make the payment...

idpickering
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Re: EasyJet PLC (EZJ)

#295601

Postby idpickering » March 30th, 2020, 7:42 am

EASYJET STATEMENT - FLEET GROUNDING

As a result of the unprecedented travel restrictions imposed by governments in response to the coronavirus pandemic and the implementation of national lockdowns across many European countries, easyJet has, today, fully grounded its entire fleet of aircraft.


https://www.investegate.co.uk/easyjet-p ... 00079567H/

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Re: EasyJet PLC (EZJ)

#312873

Postby idpickering » May 28th, 2020, 7:13 am

easyJet updates the market on capacity, fleet and cost structure plans

Including this bit;

Rightsizing the airline and cost structure

To effect the restructure of our business, easyJet will shortly launch an employee consultation process on proposals to reduce staff numbers by up to 30%, reflecting the reduced fleet, the optimisation of our network and bases, improved productivity as well as the promotion of more efficient ways of working. We will launch the consultation process in the coming days.


http://otp.investis.com/clients/uk/easy ... id=1393257

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Re: EasyJet PLC (EZJ)

#442192

Postby pje16 » September 14th, 2021, 2:43 pm

Rights ratio: 31-for-47
Subscription ratio: 1-for-1
Exercise price: GBP4.10 per new share New shares: 28th September 2021

Views?

simoan
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Re: EasyJet PLC (EZJ)

#442197

Postby simoan » September 14th, 2021, 2:50 pm

pje16 wrote:Rights ratio: 31-for-47
Subscription ratio: 1-for-1
Exercise price: GBP4.10 per new share New shares: 28th September 2021the good times

Views?

Rule number 1: Never invest in airlines!! Terrible quality businesses even at the best of times, which it is not right now obviously. Look at the huge amount of Capex that eats up all the cashflow. Easyjet wasn't generating any free cash flow even in pre-pandemic good times in 2018 and 2019.

Rule number 2: never throw good money after bad.

All the best, Si

pje16
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Re: EasyJet PLC (EZJ)

#442212

Postby pje16 » September 14th, 2021, 3:11 pm

Don't help me by posting a link to it
I'll hunt round for it :roll:

vrdiver
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Re: EasyJet PLC (EZJ)

#442224

Postby vrdiver » September 14th, 2021, 4:10 pm

pje16 wrote:Don't help me by posting a link to it
I'll hunt round for it :roll:

From the Board Guidelines:
If you add a thread can you follow the convention and in the title have "company name" + "TIDM". If a thread already exists for the company post reply to that thread. If you need to start a new company thread please 'alert' your first post so that Moderators can do some admin. We will only allow ONE thread per company.

I suggest you start your hunt with the guidelines pinned to the top of the board... https://www.lemonfool.co.uk/viewtopic.php?f=94&t=16288

Existing thread for Easyjet: https://www.lemonfool.co.uk/viewtopic.php?f=94&t=21418&p=312873&hilit=Easyjet#p312873

VRD

pje16
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Re: EasyJet PLC (EZJ)

#442229

Postby pje16 » September 14th, 2021, 4:24 pm

Thank you VRD
very helpful and now that I know I won't trip up again
I can't edit it now, so if some kind soul wants to merge it please feel free

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Re: EasyJet PLC (EZJ)

#442234

Postby monabri » September 14th, 2021, 4:36 pm

simoan wrote:
pje16 wrote:Rights ratio: 31-for-47
Subscription ratio: 1-for-1
Exercise price: GBP4.10 per new share New shares: 28th September 2021the good times

Views?

Rule number 1: Never invest in airlines!! Terrible quality businesses even at the best of times, which it is not right now obviously. Look at the huge amount of Capex that eats up all the cashflow. Easyjet wasn't generating any free cash flow even in pre-pandemic good times in 2018 and 2019.

Rule number 2: never throw good money after bad.

All the best, Si


They generated free cash flow in 4 out of the last 10 years...yuk!

88V8
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Re: EasyJet PLC (EZJ)

#442305

Postby 88V8 » September 14th, 2021, 8:16 pm

For some mad reason I had a [small] punt on Easyjet a few months ago.
Hopefully I can sell the rights. Not guaranteed, depends on the terms.
With any luck they'll be taken over before they do a Freddy Laker.

V8

csearle
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Re: EasyJet PLC (EZJ)

#442316

Postby csearle » September 14th, 2021, 8:47 pm

Moderator Message:
Following the merging of two threads a few redundant posts have been removed. On this particular board there is a requirement to have only one thread per company and for the title to be correctly formatted. That is because there is a company index in the initial thread (which also has the guidelines explaining all this). - Chris

Dod101
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Re: EasyJet PLC (EZJ)

#442336

Postby Dod101 » September 14th, 2021, 9:42 pm

88V8 wrote:For some mad reason I had a [small] punt on Easyjet a few months ago.
Hopefully I can sell the rights. Not guaranteed, depends on the terms.
With any luck they'll be taken over before they do a Freddy Laker.

V8


Didn't they have a recent offer on a buyout? I do not follow Easyjet but I must say their cash management looks at bit odd. Remember they paid a £170 million dividend very early in the pandemic and then sought financial support from the Government?

Dod

88V8
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Re: EasyJet PLC (EZJ)

#442612

Postby 88V8 » September 15th, 2021, 7:20 pm

Sold the rights @ 152p.

V8


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