Member Info for fatprofits

Now appears to be BBB + (if I'm reading this correctly).

That's just one notch below ..higher investment grade.

Ryan, still hughly profitable though. Need to keep it

in perspective.

However Not profitable enough to support the Monday (pre open) market capitalisation!.

IAG (BA) - I dont hold their shares, just to say.

I'm watching EZJ for a small buy,

But you would be foolish to bet against Ryanair v the wider sector.

EZJ has Over 70% More shares in issue than pre covid,

as a result of two cash calls - Ryanair did not need to issue a single extra share to raise funds - and is now buying back shares, again.

Net cash € 1.7bn, they will very likely emerge ince again from toygher trading conditions, in a stronger position.

Yes, however Ryan would not drop fares unpess they had to..

And what explains the Whitbread SP weakness.

It very much serms as if the market has been anticipating weaker trading updates and they are now starting to show up.

Price action in (share prices) is usually well ahead of fundamental news still to come.

Sector share prices have been falling for months for a reason.

Now IF EZJ comes out tomorrow with a great forward guidance statement then I will have to reconsider my view.

Savage, what i also noticed from last week were the updates from Hays and Page Group - both large recruitment businesses. They both painted an ugly picture.

This is likely much wider rhan just travel, it points to a consumer under increasing pressure - speaking very generally.

* yet they made over € 2bn on pre tax last FY, are currently

forecast to make €1.6 bn this year (all be it thete may be further downward revisions) and they have €1.7 bn in Net cash.

I've never flown EZJ, let alone Ryanair and yes IF I had a choice of those two carries inly, I would choose EZJ.

However, that's just a highly subjective viewpoint.

Is what it may say about UK and European consumer strength, or lack thereof.

As I mentioned yesterday look at the wrakness in the Whitbread (Premier Inn) share price.

"Idiot

Ryanair have double the planes of easyJet you clown

Puts them specifically under a major amount of pressure to fill"

It's not quite so simple.

For those extra aircraft they have extra bases and routes.

RYA load factor is still 94/95.

What you've just outlined is similar to the LEX FT view

Max, appreciate the post.

I took the market cap number form HL

and tbh just assumed that information would be correct.

(I will never make that mistake again!).

Having checked the Dublin stock exchange detail,

your figure is correct - that's in EUROs and before you deduct for net cash

You need to keep emotive subjective views out of the equation when looking at investments.

The market is concerned with profitability and in particular, earnings per share. Earnings are the longer term driver of the share price.

Keep in mind the Ryanair market cap is in €.

In GBP, at yesterday's close, that equates to aporox £11 bn.

You then need to deduct the net cash (if making a direct comparison with EZJ).

That leaves their valuation at approx £9.5 bn.

Following yesterday's update, pre tax estimates have been cut to approx € 1.6 bn. So the £9.5 bn valuation for € 1.6 bn pre tax.

We need to see how the EZJ guidance looks tomorrow.

IF it's unchanged, then yes EZJ is looking cheap, emphasis on IF

Erased the last of the parabolic move between October '23-April 2024.

* EZJ hit a post pandemic SP high in 2021 - 'post' is used advisedly as COVID continued to have an impact.

My gut call is to wait for the EZJ update, but let's see.

Had experienced a compressed parabolic move of approx 70% between last October and April. Today's price action temoves the last of that % gain - their SP had been declining since April. The April high (from memory) was a new ATH.

Easyjet never regained anywhere near a price pandamic ATH, however that's very easily explained - the extra number of shares the company issued to navigate COVID -

2 separate equity raises, increasing the shares in issue by approx 80%.

EZJ, as most here will be aware, hit a post pandamic

LEX view on the update is rhat it does not bode well ...for the wider sector.

You could take the flip side view and make a case this is largely already factored in to sector share prices - I'm not sure on that.

Share prices often trough before fundamentals begin to look better.

Well we find out on Wednesday.

I would not want to make predictions so close to an update.

I'm looking to add, however would prefer to pay a higher price having seen the outlook.

Plenty of upside IF the outlook is positive and inline with consensus.

Luck with your holding - I meant to say.

That's a gutsy buy on EZJ - if you are loaded then a luttle less so!.

I added a few Ryanair USD at $94.22 - considerably less than you bought in EZJ.

Interesting to note that WTB SP looking ill also of late

Is the consumer finally started to buckle a bit ..?.