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It's my view and now experience with RYA that the buy back is disappointing. Either use the money to growth the business through investment or acquisition or give back to shareholders who can reinvest in a manner of their choosing. The BB is only making the brokers happy.
Hi - Assuming my maths and share ratio calculations are correct (happy to be corrected) - what is the market seeing that the unaudited Q1 results in RNS are not showing? If a 427k profit, then full year is approx. 1.6Mil. If 1.6 Mill divided by shares in issue 1856mil = EPS of 0.0008. That is a PE ratio of 2.2!!! So if market can assume std growth a PE of 9?? That sounds fair?? Then at .0008 x 9 SP = .0079. Are there other skeletons in the closet or this just cheap at the moment??
Hi all - Interesting reading over the last few weeks. It was exciting to read the "leak" live that Sunday on our own board but now its all getting a bit monotonous. Sort of like Gulf War I TV coverage back in 90s. Anyhow we are all in the same boat and a little empathy shared here will help us all. As I have pondered the fate of my small investment (but nice gain) I see 2 possible scenarios. The auditors have found that the numbers are bogus for either they drastically understated the performance (a lot of accruals) or over stated them due to whatever various shenanigans are available. My gut leans towards the later only because of the large sell off on the Friday that unexpectantly dropped the price on the Friday afternoon preceeding expected "good results". However I cross my fingers and read your comments and thougts with empathy.......
In 2008 RYA wrote off the Aerlingus stock or wrote it down from €3/share to €0.90 per share. Was it ever written back on as Aerlingus stock price rose? How much of its value is already in the share price. Any thoughts
I believe they may use some of the cash to target Aerlingus........ "Ryanair is planning a winter offensive at Dublin Airport to take on IAG following its looming €1.36bn takeover of Aer Lingus...." With every Aer Lingus flight they had a hand in 1/3 of any of that flight's profit. Now they have a reason to smash em......
At first I too was disappointed to read RYA had locked in at 90 and 80's for oil. However the balance was they had also taken cover on FX for all capital and fuel. With FX of 1.30+ RYA still has a fair fuel price for next 18 mths subject to $/€ ratio now and even better at parity.
I have taken 8 EU flights in last 20 days . 6 were completely sold out other 2 above 80% full. Might be a small sample size but given how long it tales to put capacity into industry the planes on order have RYA in great position to reach a higher SP.
Ryanair, Europe's favourite airline, today (3 July) announced significant growth for Scotland with 3 new routes between Edinburgh and London, Glasgow and London and Glasgow and Dublin (three times daily), as well as a new base at Glasgow International (Ryanair's 69th in total), which will deliver over 3m customers, as Ryanair invests over $450m in Scotland. Ryanair's existing once daily flight from Glasgow Prestwick to Dublin will now switch to Glasgow Intl as part of an expanded 3 times daily business service between Glasgow and Dublin. Despite this switch Ryanair remains committed to its long standing base at Prestwick where the airline has a major maintenance facility and is currently in discussions with Glasgow Prestwick and the Scottish Government, its new owners, to explore growth opportunities to/from Prestwick.
Redde plc announces an update on current trading as we enter a close period in respect of the year to 30 June 2014. Current Trading Further to our announcement on 1 May 2014, trading results for the final quarter continued the positive trend shown in the first 9 months of the year and indications are that the operating results before exceptional costs for the financial year ended 30 June 2014 are likely to exceed the upper end of market expectations. Cash generation has continued to be positive and debtor days within the historical Helphire operations were at a new record low, having been reduced to 122 days at 31 May 2014. Including the NewLaw group of companies the combined statutory debtor days of the Group at 31 May 2014 were 112 days based upon the past 12 months turnover of the combined group. Further reductions are expected as the effects of our protocol agreements with insurers extend further through our business. Net cash balances (net of fleet financing) were approximately 37.9 million at 31 May 2014 (13.1 million excluding the residual net proceeds of the December 2013 share placing) compared to 33.0 million at 31 March 2014 (8.7 million excluding the residual net proceeds of the December 2013 share placing) and 1.1 million at 30 June 2013. The Group has also paid net dividends totalling 8.5 million in the year since 30 June 2013.