dear sadana, your messages are misleading. the company has alerady reported a loss this quarter ie. Oct 09 and the stock is expected to fall further. But the airline shoudld do better this quarter.
I checked the BSE and Spicejet website. Results for this quarter is not available on both website.
Conservatively profit will be in the range of 50 cr to optimistically 100 cr for this quarter. Without which management would not have given signals of breakeven by this year.
New Delhi: Low-cost carrier SpiceJet sees a loss in the September quarter, on sharply lower average ticket-prices and with one in every four seats on flights during the period staying unsold, its chief executive said on Thursday.
But improving conditions beginning in the first few weeks of the festival season would likely yield a profit in the December quarter and in the year to March, Sanjay Aggarwal told Reuters in an interview.
SpiceJet swung into a profit in the June quarter, helped by cost cuts amidst easing jet fuel prices and improving air traffic. In comparison, peers Jet Airways and Kingfisher Airlines had posted losses.
Intensifying competition had seen yields, or the average revenue from customers, plunge for SpiceJet to Rs2,600-Rs2,700 during the July-September quarter from 4,000 rupees seen in the prior year period, Aggarwal said.
“This quarter got killed,” Aggarwal said. “It was all driven by lower yields and markets ... You look at the 35% drop in yields. All that means is airlines have created less revenue. The money is not coming.”
With the peak season for air travel coming in, fares had started creeping up, and Aggarwal expected the carrier’s yields to improve to the “low 3,000’s,” with load factors in the “low to mid 70s.”
“In the last four weeks, yields have moved up. Demand is still kind of holding up at levels we saw last month,” he said. “If everything remains as it is today and we were to forecast the quarter, I think, yes, it’ll be a profitable quarter.”
I read somewhere that Spicejet has only 19 aircrafts. Just imagine when they expand to a full fleet.
I feel that the fair P/E ratio for this stock should be around 8-9. And a EPS of 1 for the quarter means EPS of 4 for the year. That means the fair value of the share could be anywhere near Rs32.
The results are out and as predicted by me the company has seen a loss this quarter.Your calculations were way off mark.I dont know how you calculated a profit of 75-90 crores.As I said before your msg is misleading and today i prooved my point.
Moneycontrol should take notice of such prank Boarders and block them for posting them again ......
The results are out and as predicted by me the company has seen a loss this quarter.Your calculations were way off mark.I dont know how you calculated a profit of 75-90 crores.As I said before your msg is misleading and today i prooved my point.
Moneycontrol should take notice of such prank Boarders and block them for posting them again .........
bacji it was not ur prediction but sourcing the interview which others did not. Did u predict loss before the interview? I think not.
Anyway the loss is too steep and not for spice alone but even for jet who said their strike cost them 80crs and yet they made a loss of over 400crs. So now that spice has said that they may make a profit in the next quarter ( this again may be subject to barring unforeseen circumstances... crude oil price going up, rupee weakening etc)the price may improve provided markets sustain at present levels. cheers
Your frustration is pretty evident from this message.And i stick to my statement that your messages were misleading.
See the price for youself now.
Neither your predictions about the results were right nor your targets.
And as far as my leaving this board goes, I think you should be the one to leave first.
Your messages make me laugh.
| NIFTY 
