I have shares in Aer Lingus and have had for a while, but I am concerned about this whole business with Ryanair. The takeover bid and buying up shares has unsettled me slightly. Can anyone help me figure out whether to sell them?
Aer Lingus are stuck in Limbo. Going no where!. Ryanair control over 20%, Unions, Government & Pilots the rest. Complete division of interest. This is some hope for upside by major rationalisation because it badly needs it. Otherwise consider it a semi state waiting for direction trying to satisfy everyone but no one.
I agree with Black Monday. The situation is certainly worth watching but is uncomfortable for those in your situation. Ryanair are not going to give up any time soon because of a lost takeover bid and will continue to buy shares whenever they become available.
To be completely honest I sold mine as soon as the takeover did not go through. Ryanair are simply looking for their chance to buy up more shares for future takeover bids in my opinion. As a result, prices would plummet. I may be wrong but I didn't want to take the chance.
They are selling for 2.82 at the moment, and are unlikely to rise much higher because of the uncertainty surrounding their future. They are going nowhere but the question is how did you get hold of them. If you acquired them through working for Aer Lingus then there may be restrictions on them that may stipulate that you are unable to sell them.
The stock seems to be stagnant right now, selling at 2.83 today. Nothing is happening with them at all which automatically makes them dead money. As an investor, I really don't see any point in holding onto them or bothering with them at all. Where there's no future there's no hope...
I am curious to see whether or not Ryanair are still contacing shareholders and offering 2.80 to take their shares off their hands in order to get the 51% they need. If it carries on like this for much longer then any shareholder in their right mind would snap it up. I do wonder what they'll offer when they reach 40+% of the total shares!
I think that they'll up their offer when it gets to that stage, unless the share price has crashed of course. Still, that's not to say that an individual will get a repeat offer when that time comes around. If it was me and I got an offer I would take it.
I got the shares as part of a redundancy package a few years ago so I'm not sure whether I would have the right to sell them in that case. I guess that would be one way of safeguarding against a takeover... ultimately not going to work but a nice idea nevertheless.
My guess is that you don't. Aer Lingus Employee Share Ownership Trust collectively owns shares given out like that on the whole. Whilst they are in your name, you probably can't sell them because of that. I don't know whether this has been changed in the recent past as a result of the takeover bid or not but I doubt it if they are trying to stop Ryanair taking over.
I think it is only a matter of time before Ryanair do take over Aer Lingus and I am skeptical about the prices holding before they do. It has been steady for the past eon, but what happens if they go down? WIll the Ryanair offer go down? People will certainly want to offload them. It would certainly be fascinating to watch, even if I am bored with the whole saga now.
The two biggest unions at Aer Lingus have said they will ballot staff on industrial action, up to and including strike action, if management seeks to impose changes to work practices in the coming weeks.
Hard make change in Aer Lingus when the unions have such control. Share price holding strong recently... Signals general confidence Mgt. can implement changes..