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Why I am keeping on holding my easyJet and BT Group shares (for the time being)

By Chris Bailey | Thursday 18 May 2023

Disclosure: I own shares in one or more of the stocks mentioned. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from ShareProphets). I have no business relationship with any company whose stock is mentioned in this article.

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)?

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