I mentioned a month ago that easyJet (EZJ) was “looking forward to more summer holidays this year”. Today’s formal numbers for its half-year to the end of March are absolutely fine, talking about growing capacity, launching more flights out of Birmingham airport, boosting profit from holiday offers and “mid teen EBITDAR margin…low to mid teen ROCE”. Obviously, the latter two metrics are a bit comical but, as I shared with you at the link above, I think max future holiday hope hype for 2023-24 will occur in the late summer/early autumn period with this one. I think there will be a chance to sell my shares at 550p+ later this year and so continue to hold. So if easyJet is alright, what about BT Group (BT.A)?
It is not over-egging the pudding to describe today’s interim 2022/23 numbers from BT Group (BT.A) as boring. After all, you do not need to be a financial genius to see its year-on-year adjusted revenue to be up by 1% and its adjusted EBITDA number to be up a massive 2%. And we have not even started to appraise whether the “adjusted” nature of the numbers had boosted them materially or not. However, there are other numbers of far more significance for BT Group and its, down c.6% as I write, share price.
Just under a week ago I wrote about how boring BT Group (BT.A) shares are. However, whilst I was right to buy a bunch of the shares a couple of years ago, when the share price has moved very close to my two quid share price target I have failed to book my profit and run. But what has gone, has gone and what am I going to do with the shares that today are down about 5% to just shy of 168p?
I think it was the Welsh poet George Herbert who once wrote “Thursday comes and the week’s gone”. Perhaps he should have looked at the stock market a bit more, because Thursday is always the busiest day of the week for anyone interested in corporate updates. Three pieces of news flow that particularly interested me today…