Any thoughts on Ryanair

Geuze

https://www.boards.ie/discussion/comment/119737111#Comment_119737111

Oct 2022 = under 10.50

Dec 2023 = over 19

Geuze

Although it fell under 15 in Oct 2023, within the last six months, it was over 19 by the end of the year.

Another good run since 19-Jan, from 17.97 to 19.50 yesterday.

19.90 was touched today.

littlevillage

I'm still holding on, in the hope it touches the magical €21

Geuze

https://www.boards.ie/discussion/comment/121538785#Comment_121538785

Feb 2024 = just reached 20.

kingstevii

Seen a few broker recommendations as a but to 22 euro. Not sure I'm bothered selling with 2 dividends this year and one every year after..

Geuze

https://www.boards.ie/discussion/comment/121712735#Comment_121712735

Reached today.

littlevillage

https://www.boards.ie/discussion/comment/121919794#Comment_121919794

Now the question is.... to sell or hang tough?? 🤔

gossamerfabric

If you want to know how Ryanair is doing in the near term just check to see if they are doing "meaningful" seat sales. If they are not and at the moment they are not then they are having no problems selling the seats they have at good fares.

Personally I'd prefer no dividend and higher share price or accelerated debt clearance as the withholding tax on dividend income is a pain to reclaim.

Geuze

The large long-term bonus of share options to MOL only vests if the share price reaches 21.

So he looks to be in line for a 100m bonus soon!!!!

Geuze

Why has the share price fallen from over 20 to 17.20 over the last six months?

littlevillage

When they announced the full year results back in March, although the results for last year were good, the forward looking forecasts were a bit pessimistic. Its probably drifting down now to a price where it would be a decent purchase.

Geuze

Okay, a bit pessimistic, but isn't MOL always cautious?

It's now at 16.50, down from above 20.

And yet pax numbers are up 9%…………….

littlevillage

Went down to €16.30 today before rebounding. According to Moneybags in the Pheonix magazine, Ryanair is a steal at this price. (he does condition his recommendation on Michael O'Leary retiring soon and someone like Willie Walsh replacing him)

creativedrinker

I’d say the timing of this drop has worked well for their buybacks though

notsocutehoor

Oversold? Buying opportunity?

gym_imposter

https://www.boards.ie/discussion/comment/122411048#Comment_122411048

Usually it's the second day of trading when a stock bottoms after a huge sell off but who cares if you don't perfectly time it

Geuze

https://www.boards.ie/discussion/comment/122411048#Comment_122411048

A good question, that I am asking myself also.

A friend replied with this answer:

But too many headwinds for this industry
Supply issues with Boeing
Climate change issues
Over tourism issues
Higher wage costs and not just pilots.
Risk of another pandemic

gym_imposter

https://www.boards.ie/discussion/comment/122411531#Comment_122411531

Climate change was no secret six months ago and we won't ever see a COVID style response again , neither are reasons not to buy , you don't buy when headwinds are passed as the SP has already gone up by then

gossamerfabric

price earnings ratio seems good to me and no major risk to the core business. this share is oversold.

md23040

My broker recommending to me today but already have €10k in it and -800€. He’s recommending all his clients without positions to be buying the stock. A lot of this has been caused by European congestion affecting all airlines. I fly regularly with them and the plane always full. Last week flying return to London the plane delayed 45 mins because of European delays, so much so they didnt bother hoovering the plane and as soon as the passengers off, 5 mins later having it boarded and bombing down the runway. If they’re under pressure then IAG etc must really be feeling it too.

Geuze

Last Friday 19-July 2024 closing price = 16.45

Looks like it closed at 13.80 approx today.

https://investor.ryanair.com/investors-shareholders/share-price/

Down 16% in one day.

littlevillage

Buying opportunities??

Geuze

13.60 now.

I still can't decide whether to buy.

I got caught catching a falling knife many times before.

Geuze

Am I mad? I just bought at 13.60.

patsy_mccabe

https://www.boards.ie/discussion/comment/122415560#Comment_122415560

Ya, mad. I bought at €13.55. 😉

Geuze

14.40 now