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Even for hardcore rollercoaster afficionados such as myself, yesterday was quite a test of stomach strength. Taking on this ride, plus the even more dangerous EZJ one as well, has left me somewhat drained, and my voice has gone, due to all that screaming. When I saw the drop out of the blue at lunchtime, I initially thought someone had launched a missile attack into Tel Aviv, or some such place. Thankfully it wasn't that - just seems to have been comments by Ryanair's notoriously gobby boss, a man who, ironically, would probably be quite at home in the Middle East - he could start a fight in an empty room. Thankfully, we have recovered well here (EZJ not so much), so I guess all eyes now turn to the figures out on Friday, and what that brings.
This sector really isn't for the faint hearted or squeamish, so I am going to be looking for something a little less stressful going forward - Russian roulette possibly.
It was definitely O'Learys comments according to Proactive Investor. If I were cynical I'd say him or his pals had a good buying opportunity yesterday. Few heads ups going round.
TBF, it's already climbing and at it's highest level for two and a half years. You're right, some good news should push it through 200.
This stock seems to be holding firm witch makes me believe that it will start to climb on news
Good day today,back in the £1.80s
Predictive text got the better of me. Border Force!!
Hmm... Coincidence with the big drop in airline shares earlier today? Did someone know? Hope this is not a cyber attack
Now looks like issues at Heathrow , Gatwick and Manchester. Looks like the Uk Boarder system has crashed causing chaos at Uk airports
Why is Google showing £1.83 finish price,it's rubbish
07-May-24 16:35:43 179.167 1,500,000 Buy* 3m O
How can rates be flat when there is no drop in fuel price ???
Everything else has dropped but fuel no change yet .
Wouldn’t be nice for Iag to comment and say we are actually rising price by %15 after this comment 🤣🤣🤣
""Looking at summer ... We thought pricing would be up 5-10%. We're heading to flat (pricing year-on-year) to 5% up, which is surprising with a lot of the Airbus (AIR.PA), opens new tab fleet grounded for maintenance," he told Reporters in Brussels."
I'm keeping mine till £2.50 then selling,up down up down, confident about £2.50 this year
O'Leary's shareholders won't be thanking him for his remarks today unless some other motive, not yet evident, shows itself in the future, eg to re-enforce the image of cheaper fares for the public as 'RonR' mentions.
Savory nice to see an informed commentary for a change, agree that the value is there, share price dilution, debt and dividends are holding this back but there is light at the end of the tunnel, fingers crossed....
One never learns from previous errors. My own worst enemy !
Clearly this comment from O'leary caused this ridiculous afternoon dive bomb in the SP - the timing is so co-incidental etc. Yet Ryanair operate predominately in a very different space to IAG (with the exception of Vueling which is a fraction of IAG's total profit/revenue base) - you just gotta love the market craziness / heard mentality - this is what we use to ultimately make a return.
However what was encouraging until the deliberate PR piece by him was seeing the share price breakout from 178/179 - if only for a few hours! Hoping for gains into Friday and then let's see where we are. I'm expecting positive Q1 results and hopefully a positive message on outlook for the rest of the year re demand - if they don't mention a good outlook then clearly we've yet again seen today what messaging can do to the SP !! :(
Yet this is still a company valued at 1/3 that of Ryanair with triple the revenue and double the profit with a much more hedged product set - but hey ho - debt and no divis weighting against it - question is 1/3 of the value seems like a massive haircut to me - hence why IAG SP is still very cheap IMO/DYOR etc.
It might explain the drop. See the link:
https://www.lse.co.uk/news/EZJ/ryanair-leads-airline-shares-lower-after-warning-over-summer-fares-yormdr4zeolt60w.html
He is such a knob
It's gone blue! Up yours O'Leary!!!
This is where it get's really stupid. I recently read that brokers were bigger fans of low cost carriers, and was why their SP's were doing so much better than IAG. The prices O'Leary is talking about is for short haul, no? Let's just hope there is a big up tick for IAG come Friday. O'Leary knows what he's doing, it is all about PR to get people to believe flights are cheap, when we all know the truth is far from the rhetoric.
All airline share holders are freaking out due to O Learys announcement. Its crazy.....
That or he simply hasn't a clue, think its the latter.....
No, i dont work for the muppets!!
Hahahahaha...I did it so people could load up more EZJ.. Iag will be ok with results coming out shortly, thats why not affected. EZJ will recover too. Hope we see £5 then i load up. Cheers..