Recently announced a profit warning saying profits could fall 50% next year. The problem is they are unhedged on fuel for next year, and they state if oil remains at $85 RYA will suffer. The P/E is 12.55, falling to 11.15 next year if we see no more downgrades. There is 0% yield to support the price, which has fallen from 625 to 348.

Looking at the chart RYA are in a very pronounced bear channel, I believe resistance would be the last lower high at 405, with no obvious support apart from the lower line in bear channel 300?. Share is trying to recover now from 350 to 363 today, if it fails to break the 405 resistance and reverses I believe this would be a short signal.

Any views welcome.

Thanks Mr C. I have already done a huge amount of research and will have to take professional advice if & when it happens, but I think that it is feasible. I know there are lots of pitfalls, but not insurmountable. Am just conducting research atm. However, I presume that Corbières (Carignan & Grenache) is not an area you would ideally choose? ;o)

Harry much cheaper to rent than buy.

Lydd aiport awaiting planning approval to increase scheduled flights already has a regular flight to Le Touquet, close to M20 and Ashford International rail to London 40 minutes.

some surprisingly good wines are now made in relatively unlikely places
i also concur with hali

"some surprisingly good wines are now made in relatively unlikely places"........eloquently put Mr C! However, to the west is Bordeaux country and to the east is Rhône country, so stuck in the middle isn't such a bad option!

i thought there was sea to the east

http://www.telegraph.co.uk/finance/newsbysector/transport/10285941/Profits-warning-looks-like-comeuppance-for-Ryanairs-motormouth-boss-Michael-OLeary.html

not before time!

3rd Quarter Results

RYANAIR REPORTS Q3 LOSS OF €35M IN LINE WITH GUIDANCE,
TRAFFIC GROWS 6% TO 18M - FARES & UNIT COSTS FALL 9%,
FULL YEAR PROFIT GUIDANCE OF €510M UNCHANGED

Ryanair, Europe's favourite low fares airline today (Feb 3) reported a Q3 Loss of €35m, in line with previous guidance. Traffic grew 6% to 18m passengers. Revenue per passenger declined 6%, as strong ancillary revenue growth offset a 9% fall in fares. Excluding fuel, sector length adjusted unit costs fell by 9%. Ryanair's full year profit guidance remains unchanged at approx. €510m.

Ryanair, Europe's favourite low fares airline

now there's a company that believes its own hype!
i don't think i have ever heard anyone mutter a complimentary word about this bunch, and that's no surprise

StockMarketWire.com
Ryanair said the continuing success of these 'Always Getting Better' initiatives has enabled it to raise its FY traffic forecast from 86m to 87m customers, and move its FY net profit towards the upper end of its (previously guided) 620m-650m euros range.

Ryanair's Michael O'Leary said:
"We now expect slightly stronger traffic growth in the winter schedule, as we open new bases in primary airports at Cologne, Gdansk, Glasgow and Warsaw Modlin, as well as significantly increasing flight frequencies and schedules from Dublin to UK cities, and from Dublin to European capitals.

"While still too early to be confident about H2 fares and yields, the continuing strength of our forward bookings and the improving customer experience leads us to cautiously raise our full year traffic forecast to 87m customers, and our full year profit guidance towards the upper end of our current 620m-650m euros range.

"However, the full year profit outturn continues to be heavily dependent on H2 yields over which we have very little visibility at present. We will give an update on Q3 yield performance at our half year results announcement in early November."

Ryanair today (5 Dec) confirmed that it will refund the £13 UK travel tax for all children (under-12) who check-in on flights departing the UK from 1st May 2015, following the decision of UK Chancellor George Osborne to abolish children's APD from 1st May next.

However, Ryanair announced that it will go even further than Chancellor Osborne and refund children's APD on UK flights for the six weeks from 27th March 2015, earlier than any other airline (or Chancellor Osborne), thereby allowing children to fly from the UK tax free for the Easter holidays so that British families can make even greater savings on their Easter breaks, as part of Ryanair's "Family Extra" service.

Refunding this UK APD for kids over the Easter Holiday period will cost Ryanair up to £2m, and is the latest in a series of customer experience improvements under Ryanair's "Always Getting Better" programme, which includes a new website, a new mobile app (with boarding passes), and the new "Family Extra" and "Business Plus" services, as Ryanair continues to deliver so much more than just the lowest fares.

i don't recollect anyone ever saying what a great airline ryanair was to fly with .... indeed, only the opposite ..... and then try to get a refund or similar from them

o'leary is so sharp it's amazing he hasn't yet cut his own throat

StockMarketWire.com
Ryanair's traffic figures rose by 30% to 5.98 million customers in January, while the load factor rose by 12% points to 83%.

Rolling annual traffic to January grew 8% to 87.8 million customers.

Chief marketing officer Kenny Jacobs said the increase was due to its lower fares and the continuing success of its 'Always Getting Better' customer programme, which delivered stronger forward bookings and better than expected load factors across its significantly expanded winter schedule.

He added: "With our great new routes, increased frequencies and Business Plus service, Ryanair continues to deliver so much more than just the lowest fares in every market we operate in."

Ryanair tips 10% profit lift in FY16 despite competition

Barclays note today:
"Q4 performance. Q4 net income was €23m. Average fares fell 9%, which is actually slightly worse than guidance (-6% to -8%), but must be taken in the context of stronger load factors. We would see this as self-inflicted: we believe Ryanair slightly mismanaged revenue through the winter, with opportunities to improve as it learns how to better balance price/load factor on a very different route network to its historical winter offering. Ancillaries fell 4%, which is a timing issue associated with credit card fees/earlier booking patterns vs last year. Ex-fuel unit costs were -10% (driven by 10ppt load factor improvement).
Summer outlook. Ryanair is guiding for average fares of 0% to -2% through the summer, which is slightly weaker than we would have expected, especially given support from GBP/EUR (which we estimate is at least a 3ppt tailwind). However, this is offset by stronger load factor performance (~4ppt through Q2, hitting tougher comps from July onwards). Forward bookings are running 4% ahead of last year.
FY outlook includes winter 2015/16 caution. Ryanair is taking its traditional very cautious view on the winter, with average fares assumed to fall -4% to -8%, leading to FY yield decline of -2% to -4%. This leads to FY net income guidance of €940m-€970m. Ryanair has a track record of being very conservative at the start of the year, and, given that it commented at Q3 to expect ‘modest’ profit growth in FY16, we think the fact that it is moving directly to 10% growth in initial guidance will be taken positively. There is also no reference in the statement to Ryanair actually seeing pricing weakness, instead, “we may suffer periods of fare/yield weakness”. Ex-fuel unit costs are expected to be flat in FY16, which we think is encouraging, given the pace of load factor is slowing and Ryanair is still moving into primary airports.

· Hedging. There is very little change to hedging levels compared to the analyst presentation at the end of March. Capex is now 100% hedged through to FY18.

· Cash returns. The H1 buyback (€400m) is confirmed, but there is not yet any commitment to shareholder returns through the winter."

StockMarketWire.com
Ryanair has confirmed that it has received a notice from Hertz which it says purports to terminate Hertz's exclusive car hire supply agreement with Ryanair with effect from midday today.

Hertz allege that Ryanair's agreement with GDS distribution companies represents a breach of contract, a claim which Ryanair disputes given that it has been distributing through GDSs since April 2014 (a period of over 15 months) with Hertz's knowledge and support.

Hertz has confirmed in their notice that all existing bookings will be honoured and customers will still be able to modify their bookings on the microsite following its decommissioning at midday today. Ryanair believes this termination is in breach of its long term exclusive contract with Hertz, which was recently extended for a five year period to 2020.

Ryanair says i will now pursue Hertz for breach of contract and damages. In the interim however Ryanair will be unable to offer its customers car hire services through the Ryanair.com website for a period of approx. 3 months while Ryanair seeks a suitable replacement supplier.

Separately Ryanair will, by the end of today, issue a request for proposals (R.F.P.) for the provision of car hire services to Ryanair's 100m annual customer base.

Ryanair's Michael O'Leary said: "We regret Hertz's decision to end our car hire agreement at such short notice today, at a time that will cause maximum inconvenience to our customers during the peak travel period. We have had a long and successful partnership with Hertz, and it's a pity that this has ended in such an unfortunate and untimely manner.

"We have instructed our lawyers to issue proceedings against Hertz for breach of contract. In the meantime we look forward to entering into discussions with other car hire suppliers who wish to offer their services to Ryanair's largest European customer base (100m passengers p.a.) via Europe's largest travel website www.Ryanair.com.

"We apologise sincerely to our customers for the absence of any car hire services on the Ryanair website from 12:00hrs today, however this decision has regrettably been forced upon us by Hertz's short notice this morning. We hope it will not cause too much inconvenience to our customers while we take a few months to identify and agree a suitable replacement provider who wishes to partner with Ryanair during the coming five year period of rapid traffic growth for Europe's lowest fare airline.

"Since we expect that any losses arising from this interruption to our car hire services will be recovered from our legal proceedings against Hertz, we do not expect this interruption to have a material impact on current earnings."

Ryanair formally accepts IAG offer for Aer Lingus

have always hated this company and have refused point blank to patronise it even if the opportunity arose

however, that idiot o'leary has very belatedly woken up to the fact that customers will not tolerate being treated like cattle and worse even if the price offered appears to be the cheapest

RYA's advertising is now well-focussed and will, i am sure, reap divis .....
this one is now on my watchlist and i expect to be tucking a few away in the near future

So you might even become a frequent flyer then? ;o)