ryanair share options

[captainng]

hi has anyone had the ryanair share options?
is there a restriction on how soon you can sell them?

i have an option that is about to expire but dont want to keep the shares as i need cash at moment. but an easy way to make some quick cash if i can sell quickly.

[DutchExpat]

My wife had the options They were options to buy at a certain price. So you need to convert the options by buying the share s at your option price. And than selling them again at todays price or when you want (we waited a bit)

At least thats the way it went in her case. Doubled our money so that was nice

[captainng]

thanks for the info.

yes it looks like i can sell them straight away and receive a nice(hopefully) big cheque.

regards

[BALLSOUT]

You don't actually buy anything. It's all just a paperwork transaction. Fill in the forms and send them off. If the share price is good at the time you get a nice little earner. Just need to check the share price just now against the option price and you can work out what you will get. Less of course a little bit for the broker to do the business.

[Aluminium shuffler]

You fill out the dealing form and send it back. They then sell the shares reserved in your name, subtract the exercise price and their commission and pay you the difference. You don't need to buy the shares - that's all dealt with for you. The omission is 0.5%, so not big. You will be paid the difference between share sale and exercise prices, but that is a gross amount subject to tax. In the UK, the amount involved is small enough that it is dealt with under PAYE or income tax rather than capital gains tax, so 40% of the sum will go to HMRC.

[Narrow Runway]

Why would you want it to be dealt with by PAYE? Everyone gets a CGT allowance very year, so if you've not made or declared a capital gain, 40% seems extreme.

[Aluminium shuffler]

That's the way it was done last time, but perhaps the tax office were being less than scrupulous in their advice?

[DutchExpat]

all correct we just decided to buy the shares at the option price and held on to them as a profit announcement came up with the accompanying share price rise. Not so much these days I think so indeed a good idea to do the paper swap!

[BALLSOUT]

it is dealt with under PAYE or income tax rather than capital gains tax, so 40% of the sum will go to HMRC.Not the case if you are in the UK.
You will receive the money gross of any tax, and it's up to you to declare any capital gain in the year that exceeds £10,600. If you have exceeded this figure in the year by way of "capital gains", you are liable to pay tax at a maximum rate of 28%

[JW411]

I think it's £10,900 now.

[cockney steve]

-The general concensus seems to be that RYR shares are "a good earner"...why would you flog them?
Currently, the banks pay little or no interest, so it makes sense to keep taking the dividend on the PURCHASE PRICE, ...If you flog them, you're "killing the goose that lays the golden egg"....a feast today, a famine when you've used up the cash.
An indirect bonus is the shareholder rights. Many on these forums have a beef about RYR's way of doing business....I'll repeat what i've said before. Collectively, the aircrew could buy a significant portion of shares in the company. This would give them the power to alter things.
Taking a quick profit now , is very short-sighted.

[Aluminium shuffler]

Steve, they're options, not gifted shares. The allocations are expiring next month, so if you don't exercise the options, you lose them. You can buy and keep the shares if you have the money or you can exercise and sell in one go if you don't.

[BALLSOUT]

Taking a quick profit now , is very short-sighted.They are 2007 share options. As aluminium shuffler has pointed out, they are about to expire so you have to do something with them now if you haven't already. I kept a close eye on the share price and sold them recently on a high.

[cockney steve]

Yes, I understand the Option part Basically, you have a short time remaining , in which to buy some allocated shares at 2007 prices....so the difference in value *could* be converted to *instant profit * aka a free lunch, less dealing costs.
My point still stands...for 2007 prices, you get a good dividend and you get a say in the Company....you also get 7 years' free appreciation in share value.

Shares are a gamble,but RYR has consistently been a profitable business.
Unless militant staff got together to deliberately destroy the profitability(unlikely!) There's no reason to think that this is not a far better investment than a quick "grab a cookie today, instead of growing a field of wheat in future"
@ Ballsout.....Why not repurchase when they drop, "rinse and repeat"....That's how day-traders make a living.....buy low, sell high......You're highly unlikely toget such a windfall again (7 years' growth ,instantly, by selling an option) but don't forget there are regular payouts as well!

[BALLSOUT]

There weren't that many shares in the option, and for a large portion of the time the share price has been near or bellow the option price. I took the profit when it was available. If I wanted to invest in something it wouldn't be in these shares at the option price. Previous FR share options have been good but the 2007 deal wasn't all that great!
If I wanted to start playing buy and sell on the stock market, there are many companies to chose from, why just go for FR shares just because i am an employee?

[Aluminium shuffler]

What you say is right, Steve, but many are concerned about the high staff departure rate and what effect might have on operations and ultimately the company profit, reputation and share price. The value could go up, but it could also quickly go down if crewing issues bite.

[Shaky Hands]

Does anyone have a copy of the share options criteria or company literature on this they can pm me? I think I should have received them but didn't. Thanks!

[Heathrow Harry]

there's a lot to be said for NOT owning too many shares in the company that pays your wages..... if it goes south then you lose twice over

I'd take sell the options and if I really thought it was a good investment buy them in the market like any other punter

[BALLSOUT]

Does anyone have a copy of the share options criteria or company literature on this they can pm me? I think I should have received them but didn't. Thanks!
S H. I have looked but can't find any info now. I expect I threw it out once I cashed the cheque.
I can't be sure but if it's the 2007 offer you are asking about I am fairly sure it has expired now as I took my option quite near to the final date and that was a while ago.

[captainng]

hi. davy in dublin are the ones handling the options. they expired today from what i was told. i made £5900 out of the paper deal with 2716 shares. nice little present from a company that was much better to its staff 7 years ago.( only my opinion and the opinion of all those that have left!!!)

[Aluminium shuffler]

I think the options expired in the last few days, though stand to be corrected. It's around about now, anyway.

As I had been concerned about, the share price dropped quite to about E6.80 a bit towards the end of last month, and though it recovered a bit, the last I saw was about E7.20ish, down on the early June peak of over E7.50. Glad I did mine when I did. I wonder if the price drop was due to so many options being cashed in at the same time, hardly flooding the market but enough to lower prices?

[BALLSOUT]

I think the options expired in the last few days, though stand to be corrected. It's around about now, anyway.
I found my paperwork, the 2007 option expired last month!

[Aluminium shuffler]

Oh dear! They were worth enough to be worthwhile. Nevermind, no point crying over spilt milk - you haven't lost anything, you just didn't get the bonus is all...