easyJet share price falls 51% this year! Is it too cheap to ignore now?

first_imgeasyJet share price falls 51% this year! Is it too cheap to ignore now? Kirsteen has no position in any of the shares mentioned. The Motley Fool UK has no position in any of the shares mentioned. Views expressed on the companies mentioned in this article are those of the writer and therefore may differ from the official recommendations we make in our subscription services such as Share Advisor, Hidden Winners and Pro. Here at The Motley Fool we believe that considering a diverse range of insights makes us better investors. Our 6 ‘Best Buys Now’ Shares “This Stock Could Be Like Buying Amazon in 1997” easyJet issues more sharesThe airline has been mired in controversy throughout the pandemic. It insisted on paying a £174m dividend to shareholders in March, then borrowed heavily from the state including a £600m loan from a Treasury and Bank of England fund.It has now opted to launch a rights issue, which is an invitation to existing shareholders to purchase new shares in the company. This is worth £450m and is equivalent to 15% of easyJet’s share capital. It has raised £1.7bn during the pandemic and the rights issue should give it a cash balance of £3bn to see it through a nine-month grounding if required.For the rights issue to go ahead it will require shareholder approval, which may not go down well with easyJet founder Sir Stelios Haji-Ioannou who has clashed with the board frequently over the years. Sir Stelios wants easyJet to cancel a £4.5bn contract with Airbus for 107 planes. He believes the order is unnecessary in the current climate and could even bankrupt the airline. He has accused Airbus of wrongdoing and offered a £5m reward to any whistle-blower providing proof that leads to the cancellation of the order. None of this is encouraging for the easyJet share price.Future air travel outlookBefore the pandemic took hold, air travel was expected to rise in the coming years and easyJet looked poised for growth and strengthening profits. This is no longer the case and the easyJet board now expects it will be 2023 before previous air traffic levels return.The FTSE 250 airline resumed flying last week, with a skeleton provision. Quarantine rules and air travel demand will determine how quickly activity can be ramped up. Holiday bookings are already back in play and appear to be encouraging so far. easyJet is an instantly recognisable brand with a firm UK presence. It is often the go-to airline for cheap flights and its ruthless cost-cutting stance through the pandemic could pay off. I think this airline will eventually recover and for the patient investor, the easyJet share price looks cheap, but it may well get cheaper. Stock market volatility is marked by daily fluctuations caused by shifting news reports. London stocks fell again in early trade today and the easyJet share price is down another 7%+ as I type. This volatility is giving savvy investors an opportunity to buy quality companies at knock-down prices. So would I buy easyJet? Well, the BAE share price is down again today, as is SSE, both companies I prefer to the airline stock.  Renowned stock-picker Mark Rogers and his analyst team at The Motley Fool UK have named 6 shares that they believe UK investors should consider buying NOW.So if you’re looking for more stock ideas to try and best position your portfolio today, then it might be a good day for you. Because we’re offering a full 33% off your first year of membership to our flagship share-tipping service, backed by our ‘no quibbles’ 30-day subscription fee refund guarantee. Click here to claim your copy now — and we’ll tell you the name of this Top US Share… free of charge! Simply click below to discover how you can take advantage of this. Kirsteen Mackay | Thursday, 25th June, 2020 | More on: EZJ I would like to receive emails from you about product information and offers from The Fool and its business partners. Each of these emails will provide a link to unsubscribe from future emails. More information about how The Fool collects, stores, and handles personal data is available in its Privacy Statement. See all posts by Kirsteen Mackay Budget airline carrier easyJet (LSE:EZJ) has frequently made headlines in recent months, not always for the right reasons. The easyJet share price has fallen 51% since the turn of the year. We can put this down to the coronavirus pandemic, but does it have what it takes to recover?In its half-year results posted yesterday, easyJet declared a pre-tax loss of £353m for the period. This included £160m for hedging against fuel price fluctuations, which backfired when fleets were grounded. It cut 4,500 jobs last month and intends to continue cost-cutting measures and streamlining where necessary in the coming weeks. Earnings per share are 88p and it has a price-to-earnings ratio of 8. It plans to cut its fleet size and has deferred delivery of new planes for several years.5G is here – and shares of this ‘sleeping giant’ could be a great way for you to potentially profit!According to one leading industry firm, the 5G boom could create a global industry worth US$12.3 TRILLION out of thin air…And if you click here we’ll show you something that could be key to unlocking 5G’s full potential… I’m sure you’ll agree that’s quite the statement from Motley Fool Co-Founder Tom Gardner.But since our US analyst team first recommended shares in this unique tech stock back in 2016, the value has soared.What’s more, we firmly believe there’s still plenty of upside in its future. In fact, even throughout the current coronavirus crisis, its performance has been beating Wall St expectations.And right now, we’re giving you a chance to discover exactly what has got our analysts all fired up about this niche industry phenomenon, in our FREE special report, A Top US Share From The Motley Fool. Image source: Getty Images. Enter Your Email Addresslast_img read more

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New Hammers deal for Allardyce

first_img Hammers co-owner David Gold announced the 58-year-old would stay on at Upton Park on his personal Twitter account. “I am delighted to announce that our manager Sam Allardyce has signed a new two year contract,” Gold said. West Ham manager Sam Allardyce has ended speculation about his future by signing a new two-year contract. Allardyce revealed on Friday he was set to put pen to paper on a new contract, having guided the Hammers to guaranteed Barclays Premier League safety in their first season back in the top flight. He said: “I will be signing my contract very shortly. Early next week will be the right time.” The former Bolton and Blackburn boss insisted in March he would be penning a new deal “very soon” after productive talks with Gold and fellow co-owner David Sullivan, but the two-month wait to sign the contract offered raised doubts over his future. But Allardyce said the hold-up was down to wading through vast swathes of legal jargon and the need to secure survival, rather than because of any problem with the club’s owners. “There were processes we had to go through and put it together in the right way, which it has now,” Allardyce said. “I never thought there would be any problem – and there hasn’t. There has been some issue with the legal jargon in the contract which I couldn’t understand so that has to go to both sides’ lawyers to agree and then it gets signed. “The size of a manager’s contract is pretty substantial in terms of responsibilities.” center_img Press Associationlast_img read more

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Wellington Police Notes: Thursday, Jan. 15, 2015

first_imgWellington Police notes for Thursday, January 15, 20151:09 a.m. Officers conducted an outside agency assist by known suspect in the 1100 block E. 16th, Wellington.•1:57 a.m. Officers investigated domestic battery by a known suspect in the 1400 block Michigan, Wellington.•7:30 a.m. Officers took a report of an animal bite in the 800 block E. Lincoln, Wellington.•12:28 p.m. Officers took a report of suspicious activity in the 900 block W. 8th, Wellington.•6:50 p.m. Officer investigated a burglary and theft of weapons in the 1000 block Shadylane, Wellington.•7:52 p.m. Brice K. Tucker, 18, Wellington was issued a notice to appear for defective headlight.•8:12 p.m. Officers investigated criminal damage to a vehicle window in the 1100 block N.bJefferson, Wellington.last_img read more

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Essentials for Your Geocaching Adventure

first_imgShare with your Friends:More SharePrint RelatedGeocaching on the Go – Geocaching.com Weekly NewsletterAugust 15, 2012In “Groundspeak’s Weekly Newsletter”Top 10 geocaching essentialsMay 25, 2017In “Community”Geocachers are the nicest people: My trip to the 12th Annual GCHR Picnic Mega-EventSeptember 23, 2014In “Community” The great explorers who charted the globe knew a thing or two about being prepared. They crafted a checklist of essentials before they even thought about leaving homeport. You’re now among the newest generation of explorers, but your checklist still needs the same essentials and a few brilliant new innovations (like bug spray).A geocaching adventure begins with a plan and then a backup plan. Make sure you tell someone where your journey is taking you, just in case you’re late returning.Bring water, extra batteries, a cell phone, the correct clothes for the climate, and the aforementioned bug spray.Now the fun begins. Get ready to pack your geocaching tools-of-the-trade. Some geocachers only pack their GPS or smartphone and a pen and call it good. But what about packing something Columbus could have only dreamt about, like a “Trackable Leatherman Micra Tool”? Or even an Ultra-Violet flashlight for deciphering geocache clues? Visit Shop Geocaching for even more ideas. If you’re outside the United States, check out our International Geocaching Retailers.Share tips on what to carry in your Geocaching pack below in comments!last_img read more

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15 days agoKoeman explains role in plans to buy Wycombe Wanderers

first_imgTagsTransfersAbout the authorPaul VegasShare the loveHave your say Koeman explains role in plans to buy Wycombe Wanderersby Paul Vegas15 days agoSend to a friendShare the loveHolland coach Ronald Koeman has spoken of his role in plans to buy League One side Wycombe Wanderers.Reports said the trio of Dennis Bergkamp, Henrik Larsson and Dirk Kuyt put in a bid for the club earlier this year but the Adams Park board opted to go in another direction.Koeman told reporters: “I don’t know how close that is.“I’m in the background, let me put it like that. I’m an advisor. If they want it I’m available for advice but I’m not the one who is going to invest, I’m not the one to decide how the process will continue.“They have the dream to buy a club and they’re working on that but I’m not directly involved and I didn’t want that.“I’ve been asked if they want some advice and if they think I can provide them with good advice I’m available. But I’m not really the one to talk about that a lot.” last_img read more

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5 Bold Predictions For The South Region Of The NCAA Tournament

first_imgFive bold predictions for the South Region. Miami Plug DanceTwitter/@MiamiHurricanesThe 2016 NCAA Tournament gets underway tonight with the first pair of play-in games. Play in the South Region begins at 9:10 p.m. ET on tru TV, with two 11-seeds, Wichita State and Vanderbilt, facing off for the right to play Vanderbilt. The South Region is very intriguing. It contains the No. 1 overall seed in the field, along with a number of teams capable of busting the bracket. We’ll find out which team emerges on March 26 at the KFC YUM! Center in Louisville.We’re here to help you make your picks in the South, but we’re not going with just chalk. Without further ado, let’s look at our five bold predictions for the South Region. Get Started: Wichita State “Shocks” The Competition >>>Pages: Page 1 Page 2 Page 3 Page 4 Page 5 Page 6last_img read more

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Greater Toronto Area realtors can now publish home sales data on their

first_imgTORONTO – The Supreme Court of Canada’s refusal to hear an appeal from the country’s largest real estate board enables its member real estate agents to publish home sales data on their websites, setting a precedent that could usher in a new era of transparency for home buyers and sellers nationwide, industry experts said Thursday.Canada’s top court announced Thursday it has dismissed the application from the Toronto Real Estate Board, which represents more than 50,000 Ontario agents, ending a years-long battle.The fight centred around a 2011 application from the Competition Bureau, a federal watchdog designed to protect consumers by investigating business policies and mergers, challenging the Toronto Real Estate Board’s policy preventing the publication of such information on password-protected websites, arguing the policy restricts competition and digital innovation.TREB fought back claiming the publication of such data was a privacy and copyright concern, but the Competition Tribunal and later the Federal Court of Appeal sided with the bureau instead, so TREB took its battle to the Supreme Court.The top court’s refusal to hear the case is significant because it was likely TREB’s last chance to prevent the publication of the data. It is a sign of hope for realtors in regions across the country who want to open up data to their clients, real estate experts said.“A lot of these local real estate boards were waiting to see what happened with this decision,” said John Andrew, a real estate professor at Queen’s University.“That’s going to spread to others boards across Canada. They are no longer going to try to resist this kind of demand from their own members who would like to release this kind of information and other kinds.”He’s anticipating a flood of realtors will race to post data in 60 days when required under the Competition Tribunal’s order. That will allow buyers and sellers to more easily educate themselves on how to price homes and negotiate, keeping them from relying on agents to send them sales information.However, Andrew doesn’t think that giving the public an easier route to finding out what homes sold for will jeopardize the livelihood of realtors or significantly change the market.Christopher Alexander, the executive vice-president and regional director of RE/MAX Integra’s Ontario-Atlantic business, agreed.Both said they don’t believe the decision will be an industry killer based on their observations of the United States housing market, where real estate agents remained in demand even after a similar case enabled consumers to access enhanced information for the last 13 years.“Good, experienced realtors are a lot more valuable than having sold information,” said Alexander.Those currently seeking sold information predominantly turn to real estate agents and brokers, who have access to the Multiple Listing Service database, where sales data is compiled when deals close. Others rely on online property value services like Teranet or local land registry offices, which charge a fee for the public to access sales data.The TREB case largely dealt with allowing publication of the data through virtual office websites (VOWs), which are password-protected and are usually open to a realtor’s clients or people who subscribe to their website.Now that publication will be allowed through those sites, Andrew believes the market will see a push for realtors and other companies to be able to publish the data online without using VOWs.Interim Competition Bureau commissioner Matthew Boswell refused to speculate on whether the country will see a new fight to allow publication outside of VOWs, but said he knows real estate boards across the country were watching the case.“This is their opportunity to look at their policies and procedures and make sure they are in compliance with the Competition Act, that they are not abusing their dominant position in their respective markets as TREB was found to have done in this case,” he told The Canadian Press.Boswell said he considered the Supreme Court’s choice not to hear the case as “a decisive victory for competition, innovation and for consumers.”TREB chief executive officer John DiMichele said he “respects the decision” and noted that the board will be studying “the required next steps to ensure such information will be protected in compliance with the tribunal order,” which he noted will come into effect in 60 days if it is not modified.The Canadian Real Estate Association, which represents 125,000 realtors across the country, was also reviewing the order to determine its potential impacts.Neither immediately said whether they were looking for a way to change the order.Follow @Tara_Deschamps on Twitter.last_img read more

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Fort St John RCMP investigate theft of construction equipment

first_imgFORT ST. JOHN, B.C. – Fort St. John RCMP received a report of a stolen John Deere 35D Minihoe near the intersection at 93rd Avenue and 93rd Street.According to RCMP, the theft occurred sometime between 6:30 p.m. on June 11 and 7:30 a.m. on June 12.The minihoe is described as: 2008 John Deere model 35Dblack and yellow in colourserial number FF035DX237893The RCMP are continuing to investigate this incident.Anyone with information on this theft is being asked to contact the Fort St. John RCMP at 250-787-8100 or CrimeStoppers at 1-800-222-TIPS.last_img read more

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