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Ryan Air - Shorting Opportunity (RYA)     

spitfire43 - 12 Feb 2008 10:20

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.

Chart.aspx?Provider=EODIntra&Code=RYA&Si

cynic - 16 Sep 2015 08:49 - 54 of 56

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

HARRYCAT - 16 Sep 2015 09:22 - 55 of 56

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

cynic - 16 Sep 2015 10:15 - 56 of 56

fortunately i don't think RYA serve the routes i fly, so shan't even be tempted :-)
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