The next focusIR Investor Webinar takes places on 14th May with guest speakers from Blue Whale Growth Fund, Taseko Mines, Kavango Resources and CQS Natural Resources fund. Please register here.
Doomster,
proving once again you are the biggest d...head on the LSE.
So Wizz now carrying 15mill passengers per annum and up 22%.FFS Ryanair carry more passengers in a month than Wizz do in a year !! and not forgetting their PAT figure in 6 months to 30 september 2023 to be 2.18 BILLION -up 59% !!!.
what was the Wizz PAT figure ????
Doomster,
awaiting an explanation on why you believed Ryanair would be bankrupt in March 2021 and taken over by their junior bondholders, considering they are now the World's No 1 Airline by market capitalisation and bigger than IAG - Lufthansa - Air France combined. You have to agree this is some achievement.
Your prediction here is ALMOST on a par with your Boohoo - BIRG -AIB - predictions.
The Boeing report will not have any dent on Ryanair's profit predictions.
You always criticised Uncle Mikey on his ultra capitalist leanings - how about his house purchases for staff.
How do you feel living with your ridiculous predictions - as posted already the market and yourself are the perfect example of 100% negative correlation.
FACTS are inescapable.
Doomster,
see that Ryanair SP again up today notwithstanding this Boeing news.
you will be delighted to read that they are putting their record half yearly Profit After Tax of 2.18 Billion ( up 59% on prior year ) to good use - buying 25 newly built houses beside Dublin Airport for renting to Airline Staff. with 3 b/r s/d renting for 3000pm ( 36,000) pa should be a profitable venture,
How did ANYBODY BELIEVE for a moment the World' most valuable Airline would be bankrupt in Marcg 2021.? Beyond belief !
Deutsche Bank put a TP of €26 on the World's largest capitalisation Airline.
Doomster,
are you expecting BIRG to follow in the footsteps of your favourite Boohoo and fall from the highs of 10.50 plus to 80 cents, like Boohoo.
over 12 months ago I posted to beware of the Ides of March as Birg might fall from over 10 to 8.50.This year looking forward to the Ides of March as I expect BIRG to be substantially above it's present SP and hitting 10 hopefully.
If annual profits of 2 Bn realised a SP of 10plus puts a p/e ratio of 5 approx on BIRG and the question put to you before - do you consider this excessive or is this beyond your IQ capability.
I see my prediction regarding your entry to the board back in april 23, when the sp was close to 10, was that you are a JONAH and your arrival would be disastrous. SP never took a forward step since.
Only drop of 1.77% this morning so market's confidence in Uncle Mikey only slightly dented.
When the Doomster posts it is time to get out then it is a racing certainty that then is the time to get in as the market and the Doomster are the best example of 100% negative correlation.
Sloopy
you appear to be slow on the uptake.
as already posted looks like this could present a very good buying opportunity. Do you believe I should sit on the sidelines and await on a possible Rights Issue being raised by Ryanair at a 45% discount. Before you answer bear in min that Ryanair anticipating €2 billion plus profits in coming year.
"That's not the reason " - so, Cuckoo, looking through through your front window will you give us The reason.
article dated 5 January 2024. "The BOE will not be able to reduce interest rates this year a founding member of the MPC has warned. High wage growth and the risk of further energy price shocks mean the Bank could have to raise interest rates rather than lower them "said Dame De Anne Julius.
Eurozone Bond Yields leapt on thursday ( 4 jan 24) as Investors scaled back their bets on how quickly/early central Banks will reduce interest rates.
Looks like a superb buying opportunity is about to present itself so must get ready to avail of it.
Perhaps I should take the wizard Doomster's advise and await on Ryanair effecting a Rights Issue .Must make sure not to confuse the apples and pears LOL.
So sloopy is 24 to be the same as 23 - repeated yawning posts pertaining to lying by the pool etc etc.
be careful as you may turn into a whale - sizewise.
No doubt but Ryanair's SP shall be on the rise tomorrow following the Doomster's good news. Good to see that Ryanair manage their expenditure so successfully.
hope you had the presence of mind to advise your friend t invest in Ryanair. with their SP expected to hit €25 in coming year the cost of a meal or sandwich will be the leaast of her troubles.
would recommend to the Doomster to be careful of the use of his descriptive language - could be on receiving end defamatory law suit.
the point you are ignoring , and which is fundamental to the discussiion, is why any company had to resort to raising a rights issue in the first place. as has been repeatedly posted right issues are raised chiefly for 1 of 2 reasons ;
- a company wishes to expand , by means f acquisition or otherwise, and must raise funds which it can do by means of
debt or equity, and it's choice will be that which is most financially favourable although debt may not be on the table.
- a company's financial position may be such that it is no longer viable without the influx of additional funds. when a
company is in dire financial straights raising debt is not an option so the additional funds must come from the
owners of the company - ie shareholders re public companies and individuals re private companies.
iag and ej had to resort to rights issues ( and placement) to ensure and continue their corporate existance which in itself were not sufficient for their corporate survival as they subsequently had to resort to the begging bowl in the form of government bail outs, which the hypocritical competitive body of the eu supported.
the extent of the iag problem is fully reflected in their having to offer the ri price at a 45% discount to the prevailing sp price - they had to raise the funds. those who did not take up their rights could sell them in the market so there is no fake comparison. post rights issues all shareholders are in the same boat , the proof being that the current sp has to rise 184% to attain their previous 5 year high.
there is no fake comparison here as we are dealing with the same corporate bodies - iag and e jet. the harsh reality is that both companies did not have the financial strength of ryanair and had to resort to their shareholders for additional funding, and the government for begging bowl bail outs, to ensure their corporate survival. the rights of the shareholders, pre and post rights issue, are identical with the same share price tag applying to all shares. you ask any current iag shareholder of their sp value and they will certainly confirm their sp value has 184% to climb to attain it's 5 year peak.similarly e jet s/holders.
anything else is poppy****.
"amazing how thick some people on these sites -should carry a public wealth warning " you must have been looking in the mirror wwhen posting your comments. Seeing that you have been issued with a public wealth warning 2 years ago would have hoped you might come up with something more original.
Do you really have to HIGHLIGHT YOUR IGNORANCE ON MARKET MATTERS. As posted on numerous occasions how a SP reacts depends on the purpose of the rights Issue. SPs have been known to INCREASE following a rights issue when a company is using the rights issue funds for acquisition /expansionary purposes. As regards your star picked recommendations ;
IAG issued 2.74 billion shares in september 2020 with such funds essentially needed to shore up it's Balance Sheet, reduce leverage and enhance its liquidity. IAG was in such a poor state of Financial Health the rights issue price was set at a DISCOUNT OF 45% to it's then prevailing SP. SAYS EVERYTHING.
E JET raised 1.2 billon in 9/21 by means of a Rights Issue , in addition to a placing of 419 mill in 6/2020, to shore up its Balance Sheet and add much needed liquidity to it's finances.
Ryanair raised 400 mill by means of a rights issue.
As regards the respective health of the respective Airlines , IAG raised 700% more Finance by RI than Ryanair while EJ raised 400% more than Ryanair. Which only goes to PROVE the far SUPERIOR FINANCIAL STRENGTH of Ryanair vis a vis IAG and E Jet.To add insult to injury both IAG and EJ had then to rely on government bail out money to secure each of their company's future while Ryanair ,as you well know, did not .
So Doomster , are you still of the opinion that Rights Issues should be discarded in analysing a company's SP performance , in that they should be offered by a company's shareholders for free in the form of a grant and that the said shareholders should not have the cheek to seek shares in return for their grant, whose purpose is to rescue the company from insolvency.
The sad FACT is that Rights Issues must be taken into account in analysing a company's SP performance. The FACT that IAG and E Jet HAD TO RESORT TO SUCH SIZABLE RIGHTS ISSUES to ensure THEIR SOLVENCY reflects that and confirms why IAG SP has to increase by 184% to reach it's prior peak and EJ must increase by 134 %. Ryanair ALREADY THERE ,again reflecting their superior financial muscle , with UBS now putting a TP of €26 on Ryanair.
Time to get your head out of the sand but, being a centurion, it is understandable.
Unclue/ Doomster,
why do you go out of your way so often to prove you are the original muppet ? This is the 3rd occasion you have raised the rights issue and their resultant increase in a company's share issue. As has already been posted company's raise funds by means of rights issues chiefly for 2 reasons,;
- they are expanding /growing their business ;
- they are in deep trouble and funds required to keep them afloat , which was the reason IAG/EJ and others resorted to rights issues which was ESSENTIAL for their survival,besides Government bail outs. It most CERTAINLY DOES NOT ARTIFICIALLY LOWER THEIR Share Prices. Without the rights issues you would have NO SHARE PRICE. As posted before you appear to equate Rights Issues with GRANTS, which as you should know are for free. RIGHTS ISSUES are NOT.
So we are definitely comparing Airline versus airline, without apples or oranges entering the picture, and there is ONLY 1 STANDOUT WINNER in Ryanair , now officially recognised as the World No 1 by market capitalisation.
You should make another appointment with specsavers - I have repeatedly said that Boohoo had to recover more than 1000% to recover from it's low of 30p to reach it's prior high of 400p.IAG current SP must increase by 184% before it reaches it's prior peak and EJ must increase by 134% before it reaches it's prior peak. Ryanair already there. Even a donkey knows a S P cannot fall by more than 100%. So get your eyesight in order, in addition to your english and maths.
You have been a good sport in acknowlidging that your recommendations on IAG/EJ /RR etc and your rejection of Ryanair/Birg etc as being pure DRIVAL. You should now do likewise with Ryanair and acknowledge it's achievement in being the World No. 1 .