easyJet slides again but time to pull back on the share purchasing throttle?

Chris Ronnie, is my MRS troll THE convicted fraudster or worse? asks The Sheriff of AIM HERE

So another week of Brexit-related excitement awaits. I have almost given up trying to predict the next twists and turns but there is always a practical impact and we have seen this from easyJet (EZJ). An update starts strongly enough with a reiteration of its first half trading, which is clearly no bad thing (even if due to normal seasonal issues all this actually means is that there is 'an expected first half headline loss before tax of around £275 million'). Net net though it is good to read that 'easyJet continues to strengthen its position in key markets as well as completing the annualisation of its flying at Berlin Tegel airport'. However...read down a little bit further in the statement and it all goes a bit pear shaped.

Read Steve Moore HERE: Bonmarche – cash offer, so was I wrong?...

Whilst the company notes that there has been good progress with Brexit and especially various legal issues around hitting a 50% continuing EU share ownership level (49.92% currently), it also notes 'macroeconomic uncertainty and many unanswered questions surrounding Brexit are together driving weaker customer demand in the market'. Oh dear.

Update on Versarien and its shocking new American Appointment. Lucian Miers writes HERE

At a certain level I am not that surprised given I have seen directly material implied pressure from organisations who expressed huge caution about anyone undertaking travel plans around this period or into the near future. We all know that the airline sector is one which can be very operationally geared due to the economics of buying / leasing expensive planes. The better news for easyJet however is that the company has a strong balance sheet at face value. Additionally it is not as if business if falling off a cliff, hence the comment near the bottom of the update which notes that 'H2 revenue per seat at constant currency is expected to be slightly up, which reflects weakening Q3 underlying demand and an expected year on year uptick in Q4 driven by a programme of yield initiatives (which helps cost control) and an assumption of a more certain Brexit outlook'.

8 days is a long time in the history of Pantheon Resources...oh dear, oh dear. Read HERE

Of course there is an assumption of that 'more certain Brexit outlook' by the end of the year. Clearly this is a general huge focus for the markets as well as the stock per se but my view would be a huge amount is already factored in. Note how back in the original dog days of Brexit fear back in late 2016 the share found support at/around the 10 quid a share level – a level not dis-similar to where we are now. My view now would be to embrace such uncertainty, nod towards both the sensible easyJet balance sheet positioning and (in my experience) good customer experience. Unless you believe Project Fear grips the country completely, I would pull back on the share purchasing throttle and buy easyJet here.

Podcast: Dominic Frisby: Bullish on Gold When It Breaks $1360. Listen HERE

Filed under: easyJet, Chris Ronnie, Management Resource Solutions, Bonmarche, Versarien, Pantheon Resources

Burberry - excitements sufficient? Chris Bailey reviews

07/17/2019

KEFI Minerals - Q2 2019 operational update, shares remain a Buy says HotStockRockets

07/16/2019

Angling Direct could have long-term potential says Gary Newman

07/15/2019

Hurricane Energy - Lancaster early production system delivering, Buy says Peter Brailey

07/12/2019

I remain to be convinced that asset sale will justify the valuation of Sound Energy says Gary Newman

07/11/2019

Imperial Brands goes progressive on its dividend...and the market likes it

07/10/2019

Tesla and me - Chris Bailey writes...

07/09/2019

Woodford Patient Capital Trust - still a sell says Lucian Miers

07/08/2019

Versarien - the only question is WHEN do the shares collapse says Lucian Miers

07/05/2019

Sainsbury - still searching for a strategy?

07/04/2019

Creightons - we having said we expected the results to highlight the value…

07/03/2019

PetroTal - rapid growth possible; Buy says Peter Brailey

07/02/2019

Explorers don't get any more exciting than Eco Atlantic, which is why I have been buying says Gary N

07/01/2019

Vela Technologies - Vibe Group gathering momentum & other potential. A buy from HotStockRockets

06/28/2019

OptiBiotix Health - North America deal; this is big, very big says Tom Winnifrith

06/27/2019

A Welcome Slice Of Luck and Thoughts On Purplebricks. Lucian Miers writes...

06/26/2019

I am poorer for not spotting Porvair...but should I care? Chris Bailey reviews...

06/25/2019

Whitbread - looks to continue to have a plan

06/21/2019

Ashtead - what to do after results statement? Chris Bailey reviews...

06/20/2019

Why the share prices of those involved in West Newton, Union Jack and Reabold, have not rocketed

06/19/2019

Board love at DS Smith whilst PZ Cussons is seemingly bored of talking. Chris Bailey writes...

06/18/2019

Boohoo & Reckitt Benckiser - management matters says Chris Bailey

06/14/2019

KEFI Minerals - remains a Buy

06/12/2019

Purplebricks - a Woodford fave that was a sell before and is now slam-dunk says Nigel Somerville

06/11/2019

Woodford Patient Capital Trust - Sell says Lucian Miers

06/10/2019

Joules - a rare retail jewel?

06/07/2019

Provident Financial - failure squared from man of the moment Neil Woodford says Chris Bailey

06/06/2019

Tesla - a fantastic sell says Lucian Miers

06/05/2019

A FTSE reshuffle look by Chris Bailey

06/04/2019

OptiBiotix Health - still a buy?

06/03/2019

Bilby - recovery potential?

05/31/2019

Shoe Zone - still a buy?

05/30/2019

Thomas Cook - still a sell says Lucian Miers

05/29/2019

Red Rock Resources - unbelievably cheap? Tom Winnifrith reviews for HotStockRockets

05/28/2019

Three shares which rose on a shabby day from Chris Bailey

05/24/2019

Marks & Spencer says it is getting match fit, should you back the rights issue?

05/23/2019

Updated thoughts on WH Smith, Halfords and Greencore from Chris Bailey

05/22/2019

Ryanair - what to make of it following results & those of great peer easyJet last week?

05/21/2019

Anglo Asian Mining - what after stellar 2018 results? Tom Winnifrith & Steve Moore review...

05/20/2019

Genel Energy has great growth potential says Gary Newman

05/17/2019

Getech - 2018 results, remains a buy considers the HotStockRockets team

05/16/2019

Ariana Resources - more positive news as we wait for more numbers says Nigel Somerville

05/15/2019

Bluebird Merchant Ventures - a buy from HotStockRockets

05/14/2019

Purplebricks headed for 50p says Lucian Miers

05/13/2019

Union Jack Oil - potential share price catalyst, as date set for Wressle planning appeal

05/09/2019

Purplebricks - keep selling says Tom Winnifrith

05/08/2019

Reach4Entertainment - 2018 results, much more to come?

05/07/2019

The implied valuation for Bould Opportunities looks crazy - strong sell says Gary Newman

05/03/2019

Optibiotix - full year numbers, the share price reaction wrong says Tom Winnifrith

05/02/2019

Sirius Minerals - the current drop a good buying opportunity? Gary Newman reviews...

05/01/2019

WPP & Royal Bank of Scotland - Chris Bailey reviews...

04/30/2019

Tesla remains a sell after Q1 fiasco says Lucian Miers

04/29/2019

Barclays, Sainsbury & Taylor Wimpey - Chris Bailey reviews...

04/26/2019

Dividend Munchers Easter 2019 update (and still beating Neil Woodford) says Nigel Somerville

04/24/2019

Gem Diamonds looks too cheap down here - buy for the longer term says Gary Newman

04/23/2019

Atalaya Mining remains a buy after recent updates says Gary Newman

04/18/2019

A couple of ShareProphets share tips of the year updates

04/17/2019

Lessons from Plus500 and time to sell more Purplebricks. From Lucian Miers...

04/16/2019

Polymetal - all that glistens can be gold says Chris Bailey

04/15/2019

Central Asia Metals produces another good set of results and remains a buy says Gary Newman

04/12/2019

Barclays - a low sentiment today to a mid-range sentiment tomorrow play suggests Chris Bailey

04/11/2019

Sosandar - are the shares expensive or cheap after trading update? Nigel Somerville reviews...

04/10/2019

Quilter - a buy if you are a bull on the UK market says Chris Bailey

04/09/2019

Coro Energy - enough potential reward from here for a speculative investment considers Gary Newman

04/08/2019

Sosandar slides again back towards IPO price - time to buy back in? Tom Winnifrith reviews...

04/05/2019

Tern - placing at just 8.5p and an excuse that just does not wash says Nigel Somerville

04/04/2019

Versarien and its shocking new American Appointment. A sell from Lucian Miers

04/03/2019

easyJet slides again but time to pull back on the share purchasing throttle?

04/02/2019

A German Teutonic train ratio tells you that FirstGroup remains cheap suggests Chris Bailey

04/01/2019

Petra Diamonds could add some sparkle to your portfolio suggests Gary Newman

03/29/2019

Accesso - still a sell suggests Steve Moore

03/28/2019

Union Jack Oil - funding at a not great price... but look at the potential of the projects it is for

03/27/2019

If Royal Dutch Shell is going to be a utility giant it has got to buy big says Chris Bailey

03/26/2019

IQE - a good opportunity for bears with patience says Lucian Miers

03/25/2019

Next - if you want an annuity large cap core non-food retailer...

03/22/2019

Argo Blockchain - now a buy?

03/21/2019

Wood Group - chill out despite fall on results?

03/20/2019

Prudential - snaffling a few shares a suitable compromise? Chris Bailey writes...

03/19/2019

Anglo Asian Mining - long term buy and hold says Gary Newman

03/18/2019

Dignity: still worrying about competition in death warns Chris Bailey

03/15/2019

Concepta - signs up with Boots: Game ON. From HotStockRockets

03/14/2019

Further short term dips in Avesoro Resources will offer a good buying opportunity says Gary Newman

03/13/2019

Telit Communications - patience will reward those who are short at these levels says Lucian Miers

03/12/2019

Is it worth taking a gamble on the Guyana drill of Eco Atlantic? Gary Newman reviews...

03/11/2019

SDX Energy should perform well in 2019 and beyond says Gary Newman

03/08/2019

Synectics - results subdued, but confident of good progress from here

03/07/2019

A Turbulent Week at Tesla - sell before it is too late says Lucian Miers

03/06/2019

Abcam - review of a clever, innovative (but also fat cat pay) company by Chris Bailey

03/05/2019

Dividend Munchers Update by Nigel Somerville

03/04/2019

Centamin - the market has vastly over-reacted argues Gary Newman

03/01/2019

RNS potpourri - M&S and Ocado, GVC, ITV, Taylor Wimpey...and badboy Metro Bank from Chris Bailey

02/28/2019

Tesla - shorters patience will be rewarded in 2019 says Lucian Miers

02/27/2019

Reach4Entertainment - I am going to be honest ref. placing and acquisition. From Tom Winnifrith

02/25/2019

Purplebricks - catastrophic warning: target price 0p says Tom Winnifrith

02/22/2019

Lloyds - you cannot eat relative performance... but still bet on the black horse says Chris Bailey

02/21/2019

Yourgene - debt cleared; this is an amazing deal (plus comment on Hardman) from Tom Winnifrith

02/20/2019

Whitbread has a plan and Restaurant Group patently does not says Chris Bailey

02/15/2019

Thoughts on The US Market Juggernaut - and Tesla & IQE - from Lucian Miers

02/14/2019

Ariana Resources - Nigel Somerville updates on buy tip for 2019

02/13/2019

Is the Petrofac share price collapse a good buying or trading opportunity? Gary Newman reviews...

02/12/2019

RISK WARNING & DISCLAIMER - FiveFreeShareTips.com tips are provided by independent authors via a common carrier platform and do not represent the opinions of FiveFreeShareTips.com. FiveFreeShareTips.com does not accept responsibility for or make any warranties in connection with or recommend that you or any third party rely on such information. The information available at FiveFreeShareTips.com and via emails you receive from [email protected] are for your general information and use and are not intended to address your particular requirements. In particular, the information does not constitute any form of advice or recommendation by the tipsters or FiveFreeShareTips.com and is not intended to be relied upon by users in making (or refraining from making) any investment decisions. Trading shares involves the risk of loss. The tipsters and FiveFreeShareTips.com shall not be liable for any losses or other damages incurred. The value of investments can go up or down and the past is not necessarily a guide of future performance.

Five Free Share Tips?

. . . . . . . . . .

Well actually it will be six. One every week day and one on Sunday, each landing with you at 11 AM sharp.

The Details

Unlike other services (which may always have a vested interest) we pride ourselves on our impartiality and cover all small caps including AIM. the Standard List, The Wider Main Market and NEX.

We cover small caps, penny shares, FTSE 350 stocks and blue chips. We look for red hot penny shares, Warren Buffett style value investments with yield and growth stocks. There is no technical analysis in our work just solid fundamental analysis from a team of experts with decades of stockmarket experience.

You will not agree with all we publish but if you are interested in small caps you cannot afford to ignore it either. Yo'll never be charged for the free share tips from Five Free Share Tips and given the star writers involved you know that they will move share prices.

There's no telephone number or postal address required and there is no charge, ever, for your Five Free Share Tips membership. Just free shares tips every day apart from Saturday And each day's share tip will not just be a few thoughts cobbled together but will be detailed analysis from experts.

Our experts do not just earn their living from writing. All own shares. If they own shares in a stock they cover they will declare it and will not sell until after advising a sell to our readers. And why not our tips are so good that why shouldn't our readers put their money where their mouth is?

Don't just take our word for it! Judge us on the calibre of our free share tips and join today to start receiving them from September 1 2017. If you don't like what you get delivered to your inbox unsubscribe and you will never hear from us again. So why not give it a go? Sign Up Now

The Team

We've put together a panel of top tipsters, including:

Tom Winnifrith, in his 27th year writing about shares, noted fraudbuster & dubbed "The maverick Tipster"

Chris Bailey, City whizz kid turned financial guru, rated as one of the top 50 commentators on shares on twitter, founder of Financial Orbit

Steve Moore, has worked with Tom Winnifrith for all bar 3 weeks of his working life - a noted commentator on value stocks

Malcolm Stacey, The Grandfather of Share Blogging, the founder of ShareCrazy & a best selling autthor of stockmarket books

Lucian Miers, the Bard of the Boleyn, one of the UK's best known short sellers

Gary Newman, writes about value investing on AIM, speciality is in share tips on oil and mining companies

Nigel Somerville, The Deputy Sheriff of AIM, an expert in forensic analysis a skill used to bust frauds but also to tip true value investments

The team from HotStockRockets, specialising in AIM and small cap shares which will fly on a three month view

Sign Up Now

UK Investor Show 2018

Remember to book your place at the UK Investor Show 2018. The UK’s top investment show taking place on Saturday 21 April 2018 at the Queen Elizabeth II Conference Centre in Westminster, London. The show will feature a unique line-up of top speakers including Nigel Wray, tech queen Vin Murria, Dave Lenigas, Mark Slater, Tom Winnifrith, Adam Reynolds, Ed, Croft, Nick Leslau Luke Johnson and Dr Johnny Hon as well as 135 exhibiting small cap companies.

To reserve your ticket, visit UK Investor Show.

Risk Warning & Disclaimer

The hot share tips given here are of necessity, general. They cannot relate to the individual circumstances of investors. Anyone considering following the share tips contained here should seek independent advice from a Financial Conduct Authority authorised Stockbroker or Financial Adviser. We cannot be held liable if individuals suffer losses through following share tips contained on this site or emailed out as free share tips. The value of investments can go down as well as up. The past is not necessarily a guide to future performance. Investing in shares can lose you part or all of your capital although the potential returns are theoretically unlimited. The difference between the buy share price and the sell share price for smaller company shares (penny shares) can be significant. Profits from dealing in shares may be liable to tax - the level of tax and bases of relief from tax are subject to change. Changes in the rates of exchange may have an adverse effect on the value or price of an investment in sterling terms if it is denominated in a foreign currency. Some of the shares recommended on this site will be smaller company shares. By their nature such investments can be relatively illiquid and thus hard to trade. And that makes such investments more of a high risk than larger company shares (or 'small caps'/'penny shares'). FiveFreeShareTips.com & its sister site ShareProphets.com defines a smaller company share as any stock traded on AIM or NEX or which has a market capitalisation of less than £300 million.