Member Info for Daytradenovice

Cheers Mike,
Yes noticed shortly after posting, after i reread it several more times trying to understand what the OP was saying. All jumbled up as you say. No matter to me really, im pro oil and hold fair few rdsb and bp.
Cheers buddy

Not sure where Motley obtained Looneys ownership % as 12.1%?

According to lse he own 558k shares, worth £1.74m - certainly nowhere near 12.1% as quoted.

Whilst a big holder here, and shall remain so, id take anything Motley trot out as next to useless.

Well curiosity get the better of me, so after searching the website for the answer and drawing a blank i have emailed Investor relations direct to ask. Will post any reply

Interesting to see Parvus (uk based) increasing their holdings today from 4 to 5%.
Not sure how this all fits in with the inability of UKpurchases anymore?
Would suggest that its not as blackmand white as suggested.

messaged HL about the payment currency for my glen 'divis' yesterday. Response cut/pasted below. In essence if your broker is HL, your return of capital will automaticall be in UK pounds, regardless of whether you opted for it or not. Exchange costs free as well. See below for confirmation.

Dear Mr ********

Thank you for your message.

I can confirm that as we're a UK based company, all cash we receive, such as dividends or return of capital, will automatically be converted to GBP if they're received in foreign currency.

There are no forms that you need to complete for this, as we will automatically convert the payment before it's applied to your account. There are no exchange rate fees for this either.

I hope this has been of assistance. If you have any other questions, please get back to me.

Kind regards

Beth Sully
Investment Helpdesk Consultant
Hargreaves Lansdown
One College Square South | Anchor Road | Bristol | BS1 5HL

yep, nothing in there and i log in most days. Will post if i get one.
Initial plan was to hold till 20e (which is the level Mikey is retiring at and when he goes i was going to exit anyway) and i got in in the low 9's, so already substantially up, if i get forced out im hardly bothered to be fair, i've made a killing.
I noticed Wizz did the same thing, and applied the 'restriction' rules proportionaly as a ratio accross their non-eu ownership base, so there is clearly some element of variance and choice in how the restriction is applied. Its not a hard and fast set in stone rule.
My guess is rya will still endeveor to increase the % by purchase restrictions and grow it organically that way, only forcing sales if they end up with no choice.

You keep trying to deflect from your own bull5hit "mr 18 years a professional".
You're a complete fraud and just open yourself to more and more ridicule day by day.

no letter received fleccy, will post if i get one, but i cant see it myself. They will just grow ownership by current purchase restrictions rather than pi55 off a lot of investors.

Those will be cheap 'throwaways' that your good buddy Sage used to mention, and for such a cheap price (if its true anyway) why not book a flight for a few months time - who's to say that amber countries will be remain8ng in that category by then? I hope your not back making dreary predictions again, top that glass up a bit and enjoy life a bit more Mr Professional

Am still yawning a bit, but did hear that part of his talk. Its clear he is trying to drive eu ownership upwards from the current 30% area as per eu rules, and that is why he has restricted non eu ownership to drive that upwards, and clearly from the last talk he gave that eu ownership is on an upwards trajectory. His words (spoken with a rather boring monotone, unusual for him) imo were meant to shake out a few more non eu people to drive that further and nothing more than that.

He needs a further eu ownership of 20%, so who gets the lucky letters, everybody? nope, of course not, what criteria does he chose to force people to sell?. He certainly wont write to every non eu person - that would be 80% of his stockholders, and if they are all 'forced' to sell there would be a huge overhang on the market and the doomster would likely get his BS 8e as the price collapses. Do you seriously expect him to do that? Esp when he is on for retirement when the sp hits 20e?

He may write to me, he may not, but does he force me to sell of transfer my shares to my wife who holds an eu passport? Does he stop eu nationals living in the uk holding shares? can he stop UK pension companies from holding as a trust/business? Would people (big holders) take him to court for singling them out? etc etc

More to the point, why would he want to do this to 70% of his investers and reduce his financial and investement options? The reason is he has to be seen to comply with eu rules. All he needs is another 20% to change hands to actually comply, its a bluff to shake a few more % out over the coming months, and lets face it he's hardly a fan of the Eu at the best of times. If the ruling on ownership is so important and actually (or wanting to be) enforcable the Eu would have made him doit by now already surely. Having a rule in place means nothing if its not enforced.

Besides if he encourages a few more to sell up and adds more new purchasers from the eu, the need to force anything dissapears, this is what he is trying to do imo. He certainly wont want 0% UK ownership, money talks. Sometimes read between the lines is best.

PS. Didnt catch the Good thing about RYA you was going to mention?

see a few brokers are also lifting target prices - not that any of them ever seem any good.

UBS RAISES RYANAIR PRICE TARGET TO 16.80 (15.50) EUR - 'NEUTRAL' (nobs, its already higher)

DEUTSCHE BANK RAISES RYANAIR PRICE TARGET TO 19.50 (17.60) EUR - 'BUY'

CREDIT SUISSE RAISES RYANAIR PRICE TARGET TO 18.65 (17.91) EUR - 'OUTPERFORM'

well blow me (figuaratively speaking of course) no sooner than 'post' clicked a piece of fundraising news appears in the news tab.
Easy money and at super low rates as well. Seems the market isnt in the least bit worried about lending/revolving a bit of cash to Mikey. And they are the people with the accurate numbers and expertise to work out the risk level, better to listen to them than armchair commentators i think.

Pang and Fb, spot on the money.
Rya are applying long standing EU ownership laws and have restricted NEW uk purchases accordingly, clearly there must be some sort of mechanism to enforce these requirements, and this is why the 'threat' to sell is in place. But in reality, nobody expects they will need or even want to do that. Non Eu investors hold so much stock in this businesses they WOULD go belly up if this was ever actioned and they are not stupid enough to carry this out. Imagine, the tricky time they'd have persuading EU people to cough up after shafting over 50% of existing holders. It just wont happen, and that is why the restriction on buying is in place instead, to reduce such a 'shock' to the system. All businesses run on debt and need to retain confidence to borrow, but from a legal perspective that unlikely 'threat' option needs to be spelled out.

As for the purchase of new aircraft, they wont all be arriving next thursday, they will be phased in over years and quite clearly with such a big order (is it the worlds biggest?) Boeing are not going to be demanding top dollar either. Mikey will raise sufficent funds as and when required, indeed with the initial aircraft quite substantial cost savers they will assist the procurrement costs as the phased arrival ramps up.

Now Fleccy, you are quite happy to bang on and on like a resonating echo about negative things here, and clearly you cause more people than just me to nod off to sleep, but, Tell me, is there anything you LIKE about Rya at all?

Maybe you had a nice cheap flight once, a smiling stewardess wink at you, or even a trip to the flightdeck for a shufty. There must be something good you can share?

See i think people can over analyse things too much and read far to much into things complicating them for no tangible benifit, Asperger's syndrome, Musk apparantly has a touch of it, reading others responses to your similarly lengthy detailed posts on BT i wonder. Just an observation and not critisism - Musks clearly a bright cookie.

So thats going to eat up £81m of the Viridor sale proceeds - cash that is actually the shareholders, being spent on a bunch of dubious schemes, that we as shareholders get no decision on. Fantastic.

We know your views, always negative with lots of personal assumptions based on your understanding of the accounts and accounting practises.
Unfortunately the share price continues to defy your calculations and opinion, which is all that matters.
Mikey advised of the target of 200m passengers per annum longer term and expected fy22 traffic at the lower guidance of 80m ish and breakeven cost wise - so no cashburn as such.
I also do not remember any formal guidance on them selling their existing aircraft? must have missed that. Probably will do, but your just making assumptions, again.
Nice to see your happy to 'be corrected' on your aircraft funding estimates tho. As we all know nothing has been made public on that front, so there is nothing to compare or correct your guesses against, they remain as such just your guesses and nothing more.

Given Covid practically stopping trade for a year id say that the results are pretty good. No big drop on the market either, so consensous appears to agree.

Thought it quite interesting to note that losses during a complete years results with practically the ceasation of business thanks to Covid, was considerably less than a usual years profits.
If Mikeys right with his predictions of 200m passengers, and we all know he usually is, then future profits are certainly going to make this last year look like a 'blip'.

well Mikey seems to disagree and thats all that matters in the real world. Im sure a couple of more months isnt going to make much difference at all.
As for bonds becoming due - i have said it before, but for the hard of reading, its standard business practise to roll these along by taking out similar. ALL businesses do exactly the same, so its a total non issue.

JohnB, any ideas on how long the procurement of the new aircraft is now spread over, given the recent delays? note that ownership % is now up for the fleet.

and sounding quite positive to me, sorry derampers.

https://www.bbc.co.uk/news/business-57140763

to see that the kitty only has 3.15billion euros left in it - i seem to recall some predicted bankruptcy. :)