Updates

Wizz Air

March 2021

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 enjoyed a terrific run since I bought them at 2152p last May with a flood of vaccines providing a clear line of sight to full recovery in air travel. In Q3 Wizz reported a net loss of €114.5m, reflecting the third lockdown although it was better than Barclays’ forecast for a loss of €170m. Wizz reported €1.2bn cash, following cash burn of €358m (comprising €133m operating costs, €61m fuel hedge settlements and €164m pre-delivery payments). Liquidity will be boosted by the January 2021 €500m debut bond at a sublime low interest rate of 1.35%.The company says it has liquidity for two years if planes were fully grounded, or one year assuming it keeps the sta ...

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Diversified Gas & Oil

H&T

Wizz Air (September 2020)

Wizz Air (July 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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