Eadwig
25 Aug 2016
Re: Bought In Today Rusty Jock, " They are exposed to any reduction in tourist travel which may arise from ISIS worries "Not to the same extent as the likes of Easy Jet. Flying back to Katowice from Doncaster (hardly a tourist route) I could see one empty seat on the plane. Mind you, it was 14th August. On that flight I looked at their route map and there was only a small percentage to Egypt, Turkey and UAE (so far as you can tell percentages from routes).However, if you have bought in, I'm afraid we've both got bigger worries than any small reduction in tourist take-up. See next post.
Rusty Jock
22 Jul 2016
Re: Bought In Today "My own experience of Wizz Air is that its passengers tend to be migrant workers and the airline isn't so dependant on UK holiday makers...." That may be the case on Wizz Air's UK - East Europe routes , but I have travelled Wizz Air around Europe and I can assure you there are lots of tourists flying to holiday spots and tourist friendly cities on Wizz Air . They are exposed to any reduction in tourist travel which may arise from ISIS worries , and there could be increased competition amongst all European carriers as a result of Brexit and weakening growth .Nonetheless I tend to agree with you that the share price fall seems to be overdone , and I may join you and start picking up a few shares at around 1400p and below .
Eadwig
21 Jul 2016
Re: Bought In Today These wouldn't have helped the price as the day ;progressed either:21/07/2016 - 11:30 JP Morgan Cazenove today reaffirms its overweight investment rating on Wizz Air Holdings Plc (LON:WIZZ) and cut its price target to 1950p (from 2225p).Investec today reaffirms its buy investment rating on Wizz Air Holdings Plc (LON:WIZZ) and cut its price target to 1970p (from 2300p).13:30 - 21/07/2016
Eadwig
21 Jul 2016
Bought In Today Didn;t time it very well, I thought there would be a drop on the back of the EasyJet statement, but there were apparently other negative statements from airlines during the day I wasn't aware of, so ended up with a price around @1470p, well above the @1425p closing price."British Airways owner International Consolidated Airlines (IAG) dipped 3.9% to 404.3p in response to negative trading statements from other airlines including a profit warning from German-listed Lufthansa.Budget carrier Easyjet (EZJ) struck a downbeat note as the airline said a tougher environment and tragic events in Turkey and Nice hit consumer confidence. Shares fell 6.4% to 1,055p."My own experience of Wizz Air is that its passengers tend to be migrant workers and the airline isn't so dependant on UK holiday makers as EasyJet is, for example. Also, the fact Wizz are placing only 2 new jets in the Uk instead of 4 after the Brexit vote is not a big deal I think.No matter what the final deal with the EU, there are still going to be many people travelling between the UK and Eastern Europe and other routes within Europe will only be affected by a downturn in the economy - which isn't impossible.Anyway, hopefully the sell off was overdone today - but I'm not going to chase the stock down if it drops further, it is against my general portfolio strategy of minimal exposure to the EU at the moment plus I've struggled with airlines in the past and don't want to get in too deep.
Eadwig
13 Jul 2016
Re: Higher Prices Travelled back from Poland beginning of July - not one single seat on the A320 free. I've never seen that before.Charges for luggage and everything basically - all higher... again. You can't argue with a fully booked plane though!
Nige the snake
13 Jul 2016
RNS buy [link]
Eadwig
31 Jan 2016
Higher Prices As a regular Wizz Air flyer between Poland (Warsaw or Katowice) and UK (Doncaster/Sheffield) I've noticed a distinct rise in prices since the IPO. I've also noticed that planes tend to be almost full on virtually every flight despite the rise. The only aspect of the final ticket price which has not risen (by about 33% I estimate) is the price on checked-in baggage. Wizz Air give a very generous 32Kg allowance for checked-in baggage, the latest change is that passengers are now able to take at least 3 such bags if they so wish.I have also noticed an increase in purchases in-flight. In fact I usually sit in the extra legroom emergency exit rows (price up by over 50% and no longer automatically gives priority boarding, which is another additional purchase now) and by the time the trolley gets to those seats half-way down the plane, many choices of Eg, sandwich, have already sold out. No doubt that loss of potential revenue will soon be addressed also.When I first flew on Wizz in those emergency seats, I was often the only passenger seated there. Other passengers had to be 'upgraded' to the other 4 seats adjacent to the emergency exits to comply with regulations. Those 12 seats in those two rows are now regularly filled, despite the extra cost. As are window seats which have an additional charge attached these days.If this state of affairs is being repeated on all routes, revenue for WIZZ will be through the roof in the next trading statement. >>> Any other WIZZ flyers on other routes having the same experiences? <<<If WIZZ has hedged their aviation fuel costs correctly, and the above is indeed repeated across many or all other routes, then I would suggest WIZZ has some very good growth in earnings on the way. No doubt with even lower fuel costs now in place going forward.So, might well be worth a buy on any serious pullback from the current price @1896p, although it will take more research to find a price I am comfortable with before I am personally prepared to pull the trigger .
vic1981
06 Nov 2015
Share price Fairly decent results but pity about the CFO and broker downgrades.
Eadwig
08 Sep 2015
Re: Found this good report on WIZZ "a real capex figure, unlike ii."Correction - "a real market cap figure", I should have said. £928m. NB. I believe the above figure and the P/E given on that site are based on final accounts figure for year ENDING March 2015. If so, it means market cap is much bigger now and so is the P/E, at least until the next revenue figures are released.I'd certainly be holding if i already had shares in WIZZ, although if I'd been in from the IPO date, or bought in the after market, I'd take some profits. Few airlines remain a good bet for very long, in my 20+ years of experience of the stock markets.
Eadwig
08 Sep 2015
Re: Found this good report on WIZZ Not sure about your source, especially a P/e of 6.6. Check out this site/link which shows a P/E of 16 - also has a summary of the last 5 year's accounts and a real capex figure, unlike ii.[link] note RNS's about increased traffic during July & Aug. Having travelled in both months I can attest to the fuller than normal flights between Poland and UK. Whether or not it is worth the price, i really don't know. @1780p as I type ... a long long way from the IPO price in March. Might have missed this one if not already boarded! Mind you, must be saving a lot of fuel costs allowed for in IPO calculations.
sunshine boy
29 Jul 2015
Re: Found this good report on WIZZ Great company with positive momentum in share price reflecting revenue and profit increases. Just a bit overlookex though.
mcescher
29 Jul 2015
Found this good report on WIZZ With a PE of 6.6x, what are peoples opinions on whether WIZZ is good value? I've been researching on here [link]
Eadwig
27 May 2015
Re: Ticket Sales "Wiz Air is a lot more than Poland - UK ."I realise that, but I only have experience with those routes so hope sharing it will encourage others to give info. on any other routes. Plus, Poland is by far the biggest economy in Eastern Europe and, from the last in-flight magazine, appears to have the biggest coverage along with the UK in terms of numbers of airports/routes used.
Rusty Jock
27 May 2015
Re: Ticket Sales Wiz Air is a lot more than Poland - UK .Personally , I have not flown WA very often , but my last flight Budapest to Malaga was chukka full .As the Euro economy picks up , and the signs are there already , WA load factors will increase above the current 83% average . So the share price has a lot more upside from here .
Eadwig
27 May 2015
Ticket Sales I have used Wizz Air for trips between Poland and the UK about ten times a year over the last 3 years or so and usually there are many empty seats, especially any seats that cost a few quid more than the standard.It is very noticeable that the last two flights have had many more seats taken up than previously. Indeed one flight appeared to be 100% full. This wasn't because of the time of year, month or day I chose to fly, I have travelled at similar times before. My guess is that, between Poland and the UK at least, ticket sales are up because:a) The UK economy is improving and Polish growth has slowed right down, causing hard-working Poles to return to seeking work in the UK. The numbers dropped off greatly when the UK went into recession, especially the construction sector. I have met many Poles that worked abroad until the financial crisis but returned to Poland as new building stopped.b) Poles (I don't know about other Eastern Europeans but I suspect some are the same) tend to have a close-knit extended family structure, certainly more than we do in the UK. Many Poles who have settled and work in the UK and started families are obliged (in some cases it is very much seen as a duty) to visit family, especially for religious occasions such as christenings and confirmations as well as normal holidays. The last flight I was on had perhaps twenty toddlers and babies on board and another dozen or so younger children - kids over 2 years pay full price, by the way.c) Poles are very proud of their cusine, believing it to be superior to others (note the number of 'Polish shops' in the UK, even 'Polish shelves' in Tesco). I've seen many people turned back from check-ins in Poland and have to start lightening their bags, which are invariably full of kilos of ham and sausage and home-made vodka. Wizz Air allows a whopping 32 kilos for a checked-in bag, the biggest allowance I know and blows Ryan Air (the main competition) out of the water if you are looking to transport a lot of goods in your bags.Now, none of this means WIZZ are making a profit or doing better financially. I don't own shares myself, but would have if the IPO had been open to me, even before seeing the fuller planes in recent times. I may well buy-in before the first trading statement if there is a pullback in price. I doubt I will hold for long, I've taken a bath on too many airlines in the past.I certainly think WIZZ needs more slots in the UK (currently Liverpool, Sheffield, Luton, Edinburgh, Belfast and Bristol, leaves the south looking under-serviced) to take advantage of Eastern European worker's movements. On the other hand, Cameron's negotiations may end up putting a tight cap on possible expansion via that particular route. Another disadvantage I see is that Poles are unbelievably tight - and this is a Yorkshireman speaking! Eg. Extra leg room seats cost 7 quid, and when I am flying alone I am often the only person who has paid for one of these 12 emergency exit row seats. I know this because the staff have to collect other passengers from elsewhere in the plane to sit next to the emergency exit before they are allowed to take off. I can't believe WIZZ make much in extra sales on flights between the UK and Poland, although in 3 years it is noticeable that there are now more Brits travelling in the other direction (as it were), often with families. Natural enough, I suppose, as the populations inter-mingle (although I met Ms Eadwig online, not working in England). Anyway, the point is, even Yorkshiremen will buy an over-priced sarnie and a drink if they are hungry enough, whereas a Pole is likely to have home made sarnies in their carry-on, just in case ....
