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Shares in Aer Lingus rise sharply as Ryanair willing to submit more concessions

Comments

  • #2
    lord lucan
    Registered Users, Registered Users 2 Posts: 9,577 ✭✭✭lord lucan


    I'd be surprised at them rising for that reason. More likely EY are coming back for more and that's why the share price rose.


  • #3
    Katunga
    Registered Users, Registered Users 2 Posts: 659 ✭✭✭Katunga


    I think it's false roomers.
    FR probably will sell out.


  • #4
    Shamrock231
    Registered Users, Registered Users 2 Posts: 726 ✭✭✭Shamrock231


    Another site pointed out that it was early morning trading which ruled out that it was the Ryanair bid gaining traction. My guess would have to be on EY upping their stake and driving up demand for the stock.


  • #5
    hfallada
    Closed Accounts Posts: 4,180 ✭✭✭hfallada


    Aer lingus have claimed for years their shares are undervalued for the profits they make and the size of their assets. It could just be an equity group.

    Warren buffet never announces what shares he is buying till he has to by law and sometimes by then he owns 5% of the company


  • #6
    Shamrock231
    Registered Users, Registered Users 2 Posts: 726 ✭✭✭Shamrock231


    hfallada wrote: »
    Aer lingus have claimed for years their shares are undervalued for the profits they make and the size of their assets. It could just be an equity group.

    Indeed could be it, It was mentioned frequently that the €1.30 bid undervalued the company even if it didn't make profits it still had assets and cash on hand worth more than that. Add profit and the ability to make profit in years to come mean that as a company she's worth more than that.


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  • #7
    Katunga
    Registered Users, Registered Users 2 Posts: 659 ✭✭✭Katunga


    the €1.30 is indeed undervaluing EI as they have a large cash reserve for A350's and the current fleet value.


  • #8
    IngazZagni
    Registered Users, Registered Users 2 Posts: 1,618 ✭✭✭IngazZagni


    €1:30 is the current bid which wil lapse. There is a possibility that if the EU gives the thumbs up they will up their offer to change the minds of any fence sitters like the Governmet.


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