Aer Lingus Share Discussion Threads

[cat100] 06/10/2006 09:16

now up to 25%

[bucho] 06/10/2006 09:12

A lot of holders will sell at EUR 3.00, so if the price reaches that level, Ryanair's subsidiary, Coinside, will pick up a lot more.

[cat100] 06/10/2006 08:44

Well he now has 19%+ .

[quilty2] 05/10/2006 19:35

O'Leary is supposed to be stepping down in 2008 from Ryanair,and with him insisting that if the bid is successful they will operate separate he may be just planning on taking over the running Aer Lingus himself after he steps down at Ryanair.Having battered the traditional national carriers on the short haul routes having a go at them on the intercontinental flights is just far enough out there to appeal to someone like him.

[cat100] 05/10/2006 19:13

The competition thing may be beaten if taken to the European Court on the grounds that other airlines have 70% of their home markets. KLM and Air France been examples

[abcd1234] 05/10/2006 18:19

very possible indeed

[factsonly] 05/10/2006 18:05

There are no other bidders... RYA is the only (sizable) one that can benefit from such a deal. However, IMHO I can't see it being permitted on competition grounds. RYA could make a large amount of money selling off their holdings and generated a lot of publicity from this "offer".

[bucho] 05/10/2006 16:47

"The Board unanimously rejects the Offer".

Well, they would say that, wouldn't they. Can't wait for the improved second offer, or offers from other bidders.

From IPO to hostile takover in just a few days. Marvellous!

[abcd1234] 05/10/2006 16:41

so, according to the 4pm RNS, AERL reject the proposal (it was not an offer ) from RYA .
Round 1 over

now lets see what both parties really are up to.
That is if there ever was to be a round 2

[abcd1234] 05/10/2006 15:39

mpto, BA?...dont think so
they are a target themselves at the mo
plus gaping pensions def makes gearing for such a takeover hard
plus etc etc
just imho

[factsonly] 05/10/2006 15:28

Not sure he's going to get a nod... Irish government own large chunk, and so do the employees... I can see both those groups holding out for a different bidder (and refusing O'Leary). I can see it now... buy Aer Lingus... and recover the costs quickly by raising all Ireland out/inbound flights.

[3frog] 05/10/2006 14:29

Thanks 4 reply Bucho.

As I thought, so soon after IPO.

[mpto] 05/10/2006 14:07

will willie bite back? Sounds a bit rude, buy you may wonder whether BA may take a look, personally i doubt it, although he will understand the metrics. Their stock, like most of the major carries may have too low a rating. However an intervention may force the price up.

I agree the price may be pumped above 3 euro, just look at the reaction to Ryan Airs share price - up 3% - very accretive. They can give more away. I thinks its a done deal barring regulatory intervention : very smart deal too !

[bucho] 05/10/2006 13:48

3frog - 5 Oct'06 - 13:24 - 21 of 21

New to this one guys, @2.87. Any chance of more bidders?

3frog,

In a word, yes.

[3frog] 05/10/2006 13:24

New to this one guys, @2.87. Any chance of more bidders?

[bucho] 05/10/2006 13:19

I think it is trading above EUR 2.80 because it is only the opening offer. The market obviously thinks that Ryanair will be forced to pay a higher price, either by existing shareholders or by other bidders entering the fray.

It was a very smooth take-off for AERL, and the jet engines have really kicked-in now, so I will continue to hold my shares until we climb to higher altitude.

Bucho

[cat100] 05/10/2006 12:17

Anyone got a different take on this from me

[cat100] 05/10/2006 12:03

50.1 % and he tells everyone to take a hike. The Gov will love this move , fair play mick

[cat100] 05/10/2006 12:01

I couldn't understand why this was trading over 2.80 but it's the hedge funds . I think Micko will get this no prob. If he gets 50.1% it will cost him half the market cap. Well in his reach I should think . Do your own DD as usual

[cat100] 05/10/2006 11:56

Ok this is a hold and buy. The Hedge funds are big buyers and will sell to Micko With a 3 in front of them. The compitition Authority are no prob. as KLM and others hold about 70% of their home markets. Micko is very serious about this buy. He will have bigger power buying aircraft as he will be a major player . There are many reasons why he wants this . I am holding that's for sure.

[cat100] 05/10/2006 11:26

Don't be surprised if Micko was buying today Dublin vol. is BIG 43,450,194 shares traded so far. not counting London

[cat100] 05/10/2006 11:17

M.O L. may have been in the market today but he is restricted from bidding above his offer of €2.80.

[cat100] 05/10/2006 11:04

Down side risk is very small. It's hard to see Michael getting this. One thing that is a big hurdle is the unions hold about 15% . A strong group that he doesn't want. The Gov ain't selling. The competition authority is not going to let this slip through to easily . If Goodbodys put a buy on this I'm selling , if they put a sell I'm holding.

[tobythedogk] 05/10/2006 10:35

O'Leary wants this big time. Gov't may go for it subject to EU rules. Employees will never go for it and will stop any progress. Aer Lingus staff (Unions)are living back in the dark ages - they would never in a million years agree to work for O'Leary - or any other progressive company for that matter. Take your profits now - this share will be less than 2 Euro in a few weeks / months.