JOSHUA RAYMOND | CITY INDEX
The fact that they have increased their profit forecast at a time when many are remaining cautious for the year has pleased investors. The loss came in narrower than expected also and has boosted investor confidence in a sector that has had a fairly horrible time.
GERT ZONNEVELD | PANMURE GORDON
The shares look attractively valued but it is, in our view, still too soon to buy the shares.
The shares are trading on at around 10.5 times peak earnings in 2007/08, which we believe
is too low given Ryanair’s proven ability to generate strong growth at superior margins.
JOHANNES BRAUN | COMMERZBANK
Ryanair, was still planning to scale back investments from 2013, when it could start returning cash to shareholders, will grow as previously expected and they will have to stimulate demand by lowering ticket prices. Until then nothing will change.