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That was the next support level after 5.24 (which was broken yesterday), obviously an overweight upgrade by MS the next morning is going to influence the share price positively (and I am glad it did) - only trying to provide support to the group.
FYI Positive upgrade -
NEW YORK (dpa-AFX) - The US investment bank Morgan Stanley has upgraded Tui from "Equal-weight" to "Overweight" and raised its target price from 9 to 10 euros. Analyst Jamie Rollo sees significantly more potential than risks in Europe's currently worst-performing tourism share, according to a study published on Wednesday. The increase in earnings targeted by the Group for 2024 appears conservative and the balance sheet problems have largely been solved, he said./ag/gl
46 now (L2 data) ;) agree we need news - we have bounced from Friday which is a positive, when I said resistance @ 39 I was talking about recent trends through Jan, however I did think we had solid support a@ 34-5 but that didn't workout, maybe I am being too optimistic.
@keeppluggingaway - The short positions only increased by 0.06% with millennium (it has been 0.46% from April last year) so hope the drop is not based on that.....the true short portion has been 1.5-1.75%%ish for ages so not much has changed really, maybe some underlying issue or just smashing out the retail guys.
@David Kov - Why do you contribute to this group? From viewing your posts you are obviously invested in Ryanair but take a lot of enjoyment when the share goes down? what is your purpose?
DD77, There are no 737 9's in the EU (main carriers outlined below), I think flydubai also have 4 737 9's however they are a different spec so are not grounded - Tui & Ryanair have large Boeing fleet, however prior models to the 9 so out of scope.
'The vast majority of Boeing 737 Max 9s used in the US are operated by United Airlines and Alaska, while Turkish Airlines, Panama's Copa Airlines and Aeromexico have also grounded jets of the same model for inspections'.
@Roguemle1 - Yeah good to close @ 0.77% to be fair and I'm not having a go - I know Boeing is getting smashed, my point was more around united flying high with 9's (irrespective of wider fleet cover) and we have struggled ( with no 9's in fleet), understand the listing 'challenge' however feel this is a non event really.
Ah ok I was looking at the 'Reported profit before tax'.......split of the 455m below....
Reported profit before tax of £432 million (2022: £208 million loss)
o Non-headline loss of £23 million (2022: £30 million loss). Non-headline items consist primarily of returning final slots at Berlin Brandenburg airport following the rightsizing of the operation from 18 to 11 aircraft and an adjustment to right of use asset depreciation to correct a historic non-cash foreign currency translation error.
Correct me if I'm wrong but didn't Easyjet provide a YE forecast of £440-£460m only last month and it has come in @ £432m....how can they get that so wrong?! Don't think that will go down well..