WIZZ - Undervalued? It appears that Numis thinks that “An airline sector shake-up could make Wizz Air (WIZZ) a winner and the market is undervaluing the long-term value†and have reiterated their £32.91 target. [click to view]. Their target is however the lowest of recent Broker views, as can be seen by the WebFG Broker list. I hope that they are correct and we can see a reversal of the recent down trend with a return to the lower 3x00’s. wizz.png2812x2054 267 KB
Numbers August 2018 Traffic Statistics (Click for RNS) The latest numbers seem to be quite good, with a 20.4% increase in passenger numbers and a load factor increase of 0.2 ppts to 95.6%. Hopefully the market will appreciate them and reverse some of the recent decline as we are approaching a critical support level. wizz.png1220x904 73.2 KB
1st Quarter 2018 Results Reasonable results, if it was not for the air traffic disruptions that dragged total profit down, and the timing of Easter. The fundamentals still seem good, even if the air traffic disruptions are set to continue and fuel costs could pose problems if PoO rises further. Possible opportunity to top-up at a lower cost than recently. 2018 Q1 Results Wizz.png2812x2050 160 KB
new routes Route network expansion with eight new routes announced to/from Hungary (7x) and Romania (1x), including the doubling of capacity and market position in Debrecen, Hungary.
Uplift in passengers, load factor and new routes Hungarian-based budget carrier Wizz Air Holdings said it carried 18.1% more passengers in May on-year, while also boosting load factors.The airline carried 2,836,380 passengers during the month, as it added eight new routes to Romania, boosting capacity by 18.1%.The group's load factor increased by 0.8 percentage points to 91.9%.
Numbers Volume and load factors up, more encouraging news from Wizz
Deutsche Bank Deutsche Bank have a BUY rating with target price of 4150p.Reasons:Similar cost base to Ryanair, margins well ahead of easyjetAn "exciting opportunity" to investors, the German broker said. Wizz's route network is focused primarily on Central and Eastern Europe destinations, where the broker saw a "significant opportunity" to grab market share from rivals."Legacy competitors are weak, economies are set to grow faster than Western Europe, and 'travel' per capita is set to increase," Deutsche said when discussing the aforementioned markets.Deutsche concluded that Wizz had "substantial" scope for multiyear earnings growth and forecast an compound annual growth rate for the company's earnings per share of 27% until 2022.
Re: Numbers Indeed showing 450-500k extra passengers per month in 2018 vs 2017.[link]
Numbers Record profits and passengers, even the package holiday business growing nicely. Great growth story.
Third Quarter Numbers The numbers look fair but clearly the market wanted more. Stuck to their profit targets so I am sure the price will recover.
Re: Rise in Share Price got dart also...always fly jet2 given the chance..ditched easyjet before they recovered which was a mistake.
Re: Rise in Share Price Dont like nick names, I am also very happy I invested here and with Dart Group, both have performed really well, true growth stocks.
Re: Rise in Share Price It is true dont like nick names! What used to be the Robin Hood airport an old RAF base, although I am not sure if that was its nick name.
Re: Rise in Share Price someone just told me they fly to doncaster?
Re: Rise in Share Price exciting news...so glad i invested....hope expansion of uk bases from the one at the mo, eventually.