Updates

Wizz Air

July 2020

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.

The shares have roared back up to almost £37 - a nice spot for us after we highlighted them at 2162p two issues ago and again last month at 2690p. The philosophy of momentum investing is to ride the waves, especially when such high relative strength emerges, so we make no excuses for two tips so close together. The re-rating seems to be across the sector with struggling Easyjet also up but Wizz is backed by strong trading figures too with results for the year ended 31 March showing underlying EBITDA rising 13.1% to Eu783m and net profit increasing almost 30% to Eu344.8m. Total cash was Eu1,496m of which Eu1,310m was free cash, which as it points out is one of the strongest balance sheets in the airline sector. ...

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Hollywood Bowl

Brickability

Wizz Air (March 2021)

Wizz Air (September 2020)

Wizz Air - First to re-start commercial flights (June 2020)

Wizz Air - Director buying highlights value (May 2020)

Wizz Air - Upgrades guidance (March 2020)

Wizz Air - Low-cost airline boasts superlative growth record (January 2020)

Wizz Air (August 2019)

Wizz Air (May 2019)

Wizz Air - Low cost airline forecast to grow eps 78% between FY'18-FY'21 (January 2019)

Wizz Air - Heir to Easyjet in CEE markets growing like topsy (December 2018)

Wizz Air - Budget airline enjoys strong debut (April 2015)

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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