Without ape hands: As HG mentioned in last update, they should be able to borrow in debt mkts at lower interest cost than we pay out on current bonds. The 2015, 2017 and 2020 bond coupons are 6.75% 7.75% and 7.75%'respectively., and are trading at a 4,10,10% premium respectively so market is implying we should be able to refinance at sub 7% long term and closer to high 5% short term. Given the interest costs are quite high for TC even last year at 150mn for the year vs 120 man the year prior, it is now important plank of her remaining strategy to improve profits, I believe. Well she said as such herself, so she's looking at it. I hope that's announced at next interim management statement in a few weeks.. Should provide some renewed interest in the co along with any hint of improved trading, or at least confirm that it isn't dropping off as feared.. Looking good for rise out of 130s this week and hopefully 150s by IMS
As HG mentioned in last update, they should be able to borrow in debt mots at lower interest cost than current bonds pay. The 2015, 2017 and 2020 coupons are 6.75% 7.75% and 7.75%'respectively. And are trading at a 4, 10,10% premium respectively so we should be able to refinance at sub 7% long term and closer to high 5s short term. Given the interest costs are quite ugh even last year at 150mn for het year vs 120 year prior is is now important plank of her remaining strategy to improve profits, I believe. We'll she said as such herself, she's looking at it. I hope that's announced at next interim management statement in a few weeks.. Should provide so,e renewed treat i the co along with any hint of improved trading, or at least confirm that it isn't dropping off as feared.. Looking good for rise out of 130s this week and hopefully 150s by IMS
With increased passenger numbers being post by Easyjet and Ryanair reinforce my belief that customer confidence has returned. The challenge for TCG is that hey have captured this evident increased demand at the right price I parked my car at Manchester airport two weeks ago and the long stay parks were nearly full to capacity and T3 was heaving. People are definitely going on holidays - lets hope its with TCG. I hope that with an uplift in summer bookings and targeted margins being achieved with a good story at Q3 on the continuing transformation this share price will move again in the right direction
Ryanair to Report ‘Very Strong’ Traffic Amid Turnaround
Ryanair Holdings Plc (RYA) Chief Executive Officer Michael O’Leary said June traffic grew “very strongly” as Europe’s biggest discount carrier ramps up efforts to deliver a more customer-friendly service.
Ryanair climbed almost 25 cents, or 3.6 percent, to 7.09 euros, the biggest gain since May 19, after O’Leary’s comments on Bloomberg Television today. The company will report its traffic figures for last month tomorrow, it said separately.
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