Ryanair Share Discussion Threads

[gimmethefax] 05/8/2019 21:53

I will not be able to resist €8.

This will be above €20 at some point in the next 5 years. O'Learys bonus counts on it.

[montyhedge] 05/8/2019 14:46

Ess
IAG looks a better bet, p.e at 550p 5, JP Morgan today said 70% upside potential.

[essentialinvestor] 05/8/2019 14:44

Really hoping my decision to wait for under 9 a share pays off,
as longer term think the current price is a good one.

[la forge] 05/8/2019 14:40

France to recover €8.5 million of illegal aid to Ryanair at Montpellier airport

Released 05 August 2019

The European Commission has found that marketing agreements giving Ryanair a competitive advantage amounted to illegal State aid and Ryanair must return €8.5 million.

Following a complaint by a competitor of Ryanair, in July 2018 the Commission opened an in-depth investigation into marketing agreements between the Association for the Promotion of Touristic and Economic Flows (Association de Promotion des Flux Touristiques et Economiques, "APFTE") and Ryanair and its subsidiary AMS. Under the agreements, the airline and its subsidiary received payments worth around €8.5 million in exchange for promoting Montpellier and the surrounding area as a touristic destination on Ryanair's website. The agreements were financed through state resources because APFTE is an association funded almost entirely by regional and local French public entities. The Commission found that the agreements gave an undue and selective advantage to Ryanair over its competitors which amounted to illegal and incompatible aid under EU State aid rules and that the advantage must be recovered.

For more information, see State aid: France to recover €8.5 million of illegal aid to Ryanair at Montpellier airport.

[time_traveller] 05/8/2019 11:33

Ryanair are very very quick to abandon regional expansion plans if they encounter a hostile jurisdiction, for example their retreat from Scandinavian bases, and the previous retreat from France

[the grumpy old men] 05/8/2019 11:24

Ryanair Holdings is an airline company that specializes in low-fare flights in Europe. Net sales break down by activity as follows:

- passenger transportation (73.2%): 120 million people transported in 2016/17;

- services (26.8%): essentially charter sales, vehicle rental, in-flight sales and ground services.

At the end of March 2017, the group had a fleet of 383 aircrafts.

Net sales break down geographically as follows: Ireland (11.1%), the United Kingdom (25.4%) and Europe (63.5%).

[essentialinvestor] 05/8/2019 11:17

France is an area they are targeting for expansion.

I bet most people don't know what their largest market is ?, take a guess.

The UK is their second largest market,

No1 is Italy.

[the grumpy old men] 05/8/2019 11:04

time_traveller
5 Aug '19 - 10:52 - 572 of 573
0 0 0
Peanuts, and what do you expect from the French (who have selective hearing when it comes to state aid and protection of their own industry).

Anyway, a disappointing share price reaction to in line results, when general expectations were for a miss. But not all together unexpected, with the macro political and economic situation pushing us through support at €10.




SHAME YOU HAD TO SLAG THE FRENCH

RYANAIR IS AFTER ALL REGISTERED IN THE EU AND SHOULD ABIDE BY ITS RULES




A LOT OF THEIR BUSINESS COMES VIA FRANCE

[essentialinvestor] 05/8/2019 11:01

Their 19/20 guidance is predicted on leaving with a deal,
Is it surprising markets are now beginning to factor in the possibility
of no deal?.

[time_traveller] 05/8/2019 10:52

Peanuts, and what do you expect from the French (who have selective hearing when it comes to state aid and protection of their own industry).

Anyway, a disappointing share price reaction to in line results, when general expectations were for a miss. But not all together unexpected, with the macro political and economic situation pushing us through support at €10.

[grupo] 04/8/2019 23:35

Ryanair has to return EUR 8.5m illegal state aid: EU
— filed under: Headline, airlines, Competition
Ryanair has to return EUR 8.5m illegal state aid: EU

Ryanair - Photo Curren

(BRUSSELS) - France must recover EUR 8.5 million of illegal state aid made to Ryanair, the EU Commission said Friday, as regional marketing agreements at the airport of Montpellier are illegal under EU state aid rules.

The Commission's investigation showed certain payments by the French local authorities in favour of Ryanair to promote Montpellier airport gave Ryanair "an unfair and selective advantage over its competitors and caused harm to other regions and other regional airports," according to Competition Commissioner Margrethe Vestager: "This is illegal under EU State aid rules. France must now recover the illegal State aid."

Montpellier airport is a regional airport located in the French region of Occitanie. The airport served nearly 1.9 million passengers in 2018. Ryanair was present at the airport until April 2019.

Following a complaint by one of Ryanair's competitors, the Commission opened in July 2018 an in-depth investigation into marketing agreements between the Association for the Promotion of Touristic and Economic Flows (Association de Promotion des Flux Touristiques et Economiques, "APFTE") and Ryanair and its subsidiary AMS.

Between 2010 and 2017, APFTE concluded various marketing agreements with Ryanair and AMS, under which the airline and its subsidiary received payments worth around €8.5 million in exchange for promoting Montpellier and the surrounding area as a touristic destination on Ryanair's website.

The Commission's investigation revealed that:

The agreements with Ryanair were financed through State resources and were attributable to the State.APFTE is an association unrelated to the airport operator, funded almost entirely by regional and local French public entities. These public entities closely control the use of the association's budget.
The payments in favour of Ryanair on the basis of the marketing agreements did not correspond to effective marketing needs of APFTE but only served as an incentive for Ryanair to maintain its operations at Montpellier airport.
APFTE either concluded the agreements directly with Ryanair and AMS and not with other airlines or organised public tenders that were biased towards Ryanair.

On this basis, the EU executive has found that the marketing agreements gave an undue and selective advantage to Ryanair over its competitors. The Commission therefore concluded that the agreements amounted to illegal and incompatible aid under EU State aid rules and that the advantage must be recovered.

EU State aid rules require that incompatible State aid be recovered in order to remove the distortion of competition created by the aid. There are no fines under EU State aid rules and recovery does not penalise the company in question. What it does it to simply restore equal treatment with other companies.

France now has to recover the illegal State aid amounting to around €8.5 million from Ryanair.

The non-confidential version of the decision will be made available under the case number SA.47867 in the State Aid Register on the Commission's competition website once any confidentiality issues have been resolved.

[essentialinvestor] 01/8/2019 13:18

Thanks for the view, pretty sure under 9 may be available.
Under 8?, May be.

[gimmethefax] 01/8/2019 12:55

Indeed.

I am looking to add but holding out to see how low this will go over the next few months.

I would be delighted to buy at 7.5-8.

Keep in mind this airline will only be more and more dominant as smaller airlines fail.

[essentialinvestor] 01/8/2019 12:05

Well in that case he's the cnt who saved a loss making micro airline and transformed it in
One of Europe's most successful. I'm interested in financials, not his personality.
Emotion and investing is usually a quick way to lose money.

[essentialinvestor] 01/8/2019 10:47

My idea here is to add a nice chunk toward maximum pessimism,
much easier said than done admittedly.

I thought 7.50-8.50 very approx - those numbers could be way off.

If anyone has any thoughts on that would be interested to hear, thanks.

[essentialinvestor] 31/7/2019 17:54

Is that connected to the Max situation impeding 2020 growth plans?,
they have already highlighted base closure over winter 19/20.
However would agree, 500 less pilots does not add up, or even close.

[sogoesit] 31/7/2019 17:03

Source of story:

[spob] 31/7/2019 16:01

maybe Ryanair is playing pschological games with the pilots

because they are worried about possible future strike action

given what is happening at British Airways

[essentialinvestor] 31/7/2019 15:51

He's also said this is not the time for anyone (else) to buy RYA shares,
think that was slightly tongue in cheek and in reference to the RYA buy back.
However, he timed his last personal sale of RYA shares very nicely
and I don't see him buying any atm.

[sponges] 31/7/2019 15:46

O'Really has said he is down 41% because of Brexit ! O really ?

[montyhedge] 31/7/2019 15:08

500 to many pilots they said, BA pilots voted for strike action, get these Ryanair pilots over to BA.

[sponges] 31/7/2019 15:06

Big jobs cuts on way apparently

[essentialinvestor] 29/7/2019 11:14

Under 9 on a no deal is my best guess - this is not a political point before
anyone shouts, it's just what I see happening on this eventuality.