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I share your sentiments and the Obama mention will do it no harm. The shares are listed on both the Irish Stock exchange and the LSE. If you buy RYA in the UK, as I did, they are bought through the LSE although they are still quoted in Euros.
RYA shares up 3.5% today on the news that RYA has signed an order for 175 new Boeing 737-800 series aircraft. 75 of the new planes are to replace older examples in the current fleet of 305 jets and 100 for growth.
Big mistake I made was to cash in some shares at 31p some months ago to bank profits. Share has risen 25% since then and the management is well focussed on a regional strategy South America/Caribbean and selling off at good prices the remainder. With 7% dividends as well, this sia good one to hold IMHO.
With RYA having failed again to take over AERL, what happens to their 29% stake? They may well sell which will severly depress the share price of AERL. Don't forget RYA wrote down the value of their AERL holding when the price was around 90 cents, so any upside on sale beyond that price can be banked as a profit. With the Irish Govts 25% share also up for grabs there is the prospect of a whole lotta stock swishing onto the market!
Great run from this share. Huge P/e ratio so its outperforming somewhat. think the market is excited with the share buy back. The exercise last time went well and certainly rewarded those of us who didnt tender shares and stayed in
Results tommorrow. I'm hoping for an indication that a modest dividend payout will resume this year. Would be nice if such an anouncement coincided with a share price kick up over the £2 threshold.
jange keeps quoting analysts who revise their forecasts up to whatever the current share price level is! Hardly rocket science. I don't act on the advice of these people any more and wouldn't pay them in washers. Btw agree this share price has stalled but the economic news is still not great with the latest bu'siness leaders' survey showing lowest optimism for 21 years, so perhaps its unreasonable to expect them to outperform the market.
This share is now trading in a very narrow band circa 280 to 290p. The share pay back followoing sale of Cairn India stock crystallised losses for many of us and was much less effcient than the CSR tender exercise which resulted in higher share price whilst in cairn we ended up with lower share price and fewer shares because more cash was given away. we need some of this expensive drilling In Greenland and elsewhere to actually find some oil or this share is a dog going nowhere.
3rd qtr profits up 21%. In the last 12 months, I have banked a profit on sale of some shares, seen a 20% rise in price for the remainder I held on to, and received a 34 cent per share one off dividend. All this in a sector that has seen big names like Spanair and Malev go bust. O'Leary is a winner and should be backed IMHO.
RYA website confirms passenger figures for 2012 4% higher at nearly 80m. Dec traffic up too and company benefits from big rise in Aer Lingus figures whre it holds 30% of shares. easyjety figures also up confirmiong that all the growth ios with the low costs and shareholders should avoid the flag & legacy carriers IMHO if they want decent returns.
Is the SP rising simply because there are now less shares in circulation following the tender buy back or there some other issue at play?
RYA report (see their website) bookings for period 20th Dec 2012 to 7th Jan 2013 are 100,000 up on last year >3m. Ski destinations particularly popular. Also last two planes of the current Boeing order delivered 3rd Dec to give fleet in service total of 305. average age of fleet <5 years. Expect some older examples to be sold off if insufficient growth opportunities for traffic identified. Despite all the verbal attacks on this company it remains the largest international carrier in Europe and the most profitable airline by far.
As the market rallies this share barely moves! Anyone any theories?
Nearly reaching the July 2007 flotation price of £1.70 for the very first time! Maybe will hit resistance at that level as long term shareholders cash in.
Guess what? Re my previous post that AERL lost out to Virgin for the ex bmi slots. According to the bbc news website, Virgin have now aksed AERL to provide the planes for their LHR to Edinburgh and Aberdeen service. Better outcome for AERL than winning because now they will be paid to fly the routes but without the revenue risk which will be held by Virgin! result.
Bloomberg reports today that Singapore Airlines looking to offload their minority stake in Virgin Atlantic. Further evidence of consolidation in the industry and further ammunition of the logic of allowing the RYA takeover or AERL IMHO.
Shares up 5% today on announcement of sale of CWC's Monaco & Islands division to batelco of Bahrain at a price >6 x annual EBITDA. Full details on CWC website but good news for shareholders as it reduces debt from $1.6bn to <$1bn and provides funds for expansion into central america.
Board did promise at the AGM that divs would resume next year
Good results from Persimmon today but no impact on RDW. There is no incentive for the current board to see the share price rise. If they still want to take it private sometime, It suits them for the price to stay low. We need a clear out of the Board IMO and their substitution with a board committed to company growth and shareholder value.
Irish Times and BBC News website both reporting today that AERL have lost out to Virgin for the right to take over the ex bmi slots LHR to Edinburgh.