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Share Name Share Symbol Market Type Share ISIN Share Description
Flybe Group PLC LSE:FLYB London Ordinary Share GB00B4QMVR10 ORD 1P
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  +0.75p +2.01% 38.00p 37.50p 38.00p 38.50p 36.00p 38.50p 1,124,788 16:35:28
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Travel & Leisure 623.8 2.7 3.1 12.3 82.33

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Date Time Title Posts
29/7/201613:28FLYBE – turbulence over – but keep your seatbelts on2,739
27/6/201609:41*** FLYBE ***5,630
10/5/201618:53another great buy from cockney the clown15
23/11/201413:17A new perfect short - Flybe Group7
17/11/201413:22update FLYB-

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Flybe (FLYB) Top Chat Posts

DateSubject
30/7/2016
09:20
Flybe Daily Update: Flybe Group PLC is listed in the Travel & Leisure sector of the London Stock Exchange with ticker FLYB. The last closing price for Flybe was 37.25p.
Flybe Group PLC has a 4 week average price of 39.35p and a 12 week average price of 47.43p.
The 1 year high share price is 99p while the 1 year low share price is currently 34.25p.
There are currently 216,654,801 shares in issue and the average daily traded volume is 1,344,490 shares. The market capitalisation of Flybe Group PLC is £82,328,824.38.
28/7/2016
08:15
bpc10: Surely time for the CEO to step down. Placing at 120p and share price 40p
08/7/2016
11:04
kmann: worth a read, from pre results, but makes note of the fuel and currency hedges through to 2017 ... Flybe (FLYB) has seen its share price fall steadily since the start of the year, and at close to 12 month lows I definitely think it is worth another look. Its trading statement, released at the end of January, sent the shares into a spin and has seen tyhe share price drop from the mid-80s to the current level of around 56p and a market cap of just £125 million. The company has had its share of problems in recent times, including having hedged at high levels prior to the collapse in fuel prices, plus its Project Blackbird was costing £26 million per annum, but that finally ended last November when the company decided to keep on six of the Embraer E195 jets and use them on existing routes to replace old aircraft. The cost of doing so has been significantly reduced as well, costing £20 million for 2015/16, £10 million the year after, and dropping to £4 million by year four. Given that at the last set of financials for the six months up to the end of September 2015, the company made a net profit of £26.8 million, with an operating profit of £21.9 million, the current market valuation would seem to be on the low side, especially as it is reducing its costs and liabilities – in March the company bought three planes for $34 million as part of its plan to move to outright ownership rather than leasing (at a cost of £37 million for six months, as per the interims). It doesn’t have huge amounts of debt, with around £111 million in total at the last accounts and only £12.4 million of that as a current liability (£6.4 million loan repayments were made during that six month period as well), and total finance costs of £1.3 million for the period. At the end of March the company still had cash and equivalents of £171.3 million, so is in a strong position there. The latest trading update also didn’t have any nasty surprises and mentioned that full year results to the end of March 2016 were expected to be in line with expectations, despite events such as the Paris bombings causing temporary blips in passenger numbers. The forward looking statement for the coming summer showed that additional seating allocated is being sold as planned, with 21% already sold by the start of April and with a 17% increase in capacity compared to 2015. The company has also hedged 90% of its 2016/17 fuel and currency exposure, which reduces any risks on that front and makes up a big chunk of its annual costs, at around $120 million for fuel and $315 million in US Dollars, even though the subsequent rise in the Dollar has so far impacted operating costs by £7 million since the start of the year – that could all change though and could look a good move in months to come! In the past Flybe has been quite heavily shorted, but currently there are no notifiable shorts in excess of 0.5%, plus a number of institutional investors and funds hold fairly large amounts of shares. There are still plenty of risks with this company as it is in a very competitive market with tight margins, meaning it wouldn’t take a lot of bad luck to return to making a loss again, but at the current market cap I view that as a risk worth taking due to the potential upside. The last time this company recovered from a big dip the share price quickly headed back to the 90p area, and I see no reason why it can’t do so again as long as things go to plan.
25/6/2016
11:00
lw425: Hi guys - the share price has fallen since the results which were on the face of it reasonable - therefore I've been looking for reasons why this share appears to be so lowly rated. I may have found one item in the results which has not been discussed on this thread. Flybe has today announced that it plans to cancel obligations to lease nine used Bombardier Q400 turboprop aircraft while taking ownership for a cash consideration of c£86m of ten aircraft it was under contract to lease. This will leave 10 Q400 aircraft to be delivered in 2016/17. So assuming flyb pay in cash & not more new debt finance, the net cash position as of end March will therefore be a net debt going forward?? I can now understand why this is priced at 47p. My point being don't rely on the net cash position as of end March for comfort. Take the 86m off the net cash & you have a net debt airline. It certainly removes the 'comfort factor'.
13/6/2016
10:48
amorruso: https://www.fool.co.uk/investing/2016/06/09/heres-why-flybe-group-plc-could-be-better-value-than-easyjet-plc-ryanair-holdings-plc/ By Alan Oscroft - Thursday, 9 June, 2016 | More on: EZJFLYBRYA I’ve never been much of a fan of investing in airlines, as they’re so dependent on uncontrollable costs (like fuel), offer no real differentiation, and are constantly fighting a pricing war. But it’s hard to argue against the success of some of our smaller ones in recent years. Game changer When we think of the budget aviation revolution in the UK, easyJet (LSE: EZJ) springs to mind as a pioneer under the helm of Sir Stelios Haji-Ioannou. And it is Sir Stelios we have to thank for keeping the company focused on returns, as without the shareholder revolution that he headed, the airline would probably have overstretched itself and destroyed value. Over the past five years, easyJet shares have soared by 296%, to 1,493p today, though they’ve gone off the boil of late and have lost 21% since 2015’s high point in April. Forecasts for this year are modest, with just a 3% EPS rise on the cards, but a 16% earnings hike penciled in for 2017 would drop the P/E to 9.2. That would be the lowest valuation the shares have been on since 2012, and since then we’ve seen the dividend multiplying threefold to a predicted yield of 4.5% this year, rising to 5.3% next. That makes easyJet shares look good value to me, as long as a Brexit vote doesn’t kill our budget airlines’ cheap access to European skies. Not as cheap Short-haul competitor Ryanair (LSE: RYA) has been less popular with a lot of travelers due to its penny-pinching approach to customer service, but it’s served shareholders pretty well — Ryanair shares are up 279% over five years, just a shade short of easyJet’s gain, to 1,492p. Ryanair’s earnings growth has been similarly impressive too, but we’re not expecting to see any dividend cash before the year to March 2017, and then it’s only expected to yield 0.5%. Despite that, the shares are on a higher P/E than easyJet of 12 for 2017, and 10.5 based on 2017 forecasts. I still think Ryanair shares are reasonably priced and we could be looking forward to a few more years of growth, but of the two it’s the least attractive to me. Recovery prospect But the one that could well turn out to be the best bargain right now is Flybe Group (LSE: FLYB), whose share price has headed in the opposite direction to the other two, dropping 60% since June 2014 to 57p. After years of losses, the company has been firmly set on a turnaround plan — and the shares have actually picked up 13% since the end of May, in anticipation of positive full-year results. And on Thursday we got that, with EPS coming in slightly ahead of the City’s forecasts at 3.1p, compared to a loss of 16.5p last year. Revenue rose by 8.7%, and with per-seat costs down 4.2% we saw adjusted pre-tax profit of £5.5m. “This year was the second full year of our three-year transformation plan and our performance has been very encouraging“, said chief executive Saad Hammad, pointing out that this is Flybe’s first year of profit as a quoted company. Analysts are forecasting two more years of very strong EPS growth, suggesting a P/E for March 2017 of only 6.2, dropping to 4.5 the following year. That looks cheap.
07/4/2016
07:42
debbie_does_dallas_twice: Encouraging statement, a hell of a lot of bad news already priced in here and the proverbial worm looks like it is slowly turning. Cash alone stands at 82p per share. This should start to climb back up towards that figure now the trading rot has been halted - and in some proportion revered. The share price of late would suggest poor news was due, this trading update, without setting the airline industry on fire is mildly positive and that is not reflected in the share price at 63p.
14/10/2015
09:33
market sniper1: FLYB Flybe Group PLC Finally turned positive on this stock after RNS of yesterday. Looks like the management have finally got a grip with the 'clapped out planes on the tarmac' which has been weighing on this stock for the last 2 years. I turn from Bear to Bull. FlyBe share price information Name FlyBe Epic FLYB Sector Travel & Leisure ISIN GB00B4QMVR10 Activites Flybe is Europe's largest regional airline and the UK's largest domestic airline. Flybe is a leader in the European regional aviation market, offering: -- four times more domestic routes than any other carrier; a significant presence in the UK to European business cities market; and more routes from the UK to France than any other airline. FlyBe broker views Date Broker Recommendation Price Old target price New target price Notes 13 Oct Numis Buy 82.00 132.00 132.00 Retains 13 Oct Cantor Fitzgerald Hold 82.00 75.00 75.00 Reiterates 13 Oct Liberum Capital Buy 82.00 120.00 120.00 Reiterates
31/1/2015
12:40
mike740: Article from iii.......... Flybe What happened: Budget airline Flybe (FLYB) did much as expected in the third quarter, certainly in terms of passenger numbers. But a warning from management that the business would only break-even at the pre-tax profit level in the year to March caused analysts to slash forecasts by over a third. Understandably, the share price crashed to a 14-month low. All now depends on the success of a three-year turnaround plan. Some of Flybe's London City routes have been tougher to crack since launch, and the incumbent operators are pulling out all the stops to see off Flybe. "We believe that this competitive pressure will extend the period of time that these routes take to reach maturity and deliver the full contribution we expect," warned the carrier. There have also been problems with so-called Project Blackbird. Flybe has nine Embraer E195 jets to get off its books. But it's proving more difficult than expected, and management believe that annualised carrying costs will be about £26 million per annum, as flagged in November. "Exit timing and costs will still be dependent on the terms of each specific transaction," says the firm. This is a problem because the City had anticipated some sort of solution by now. Analyst Gerald Khoo at broker Liberum had thought the planes would all be sold before the end of this financial year and at no net cost. London City routes were expected to reach full maturity fare quicker, too. What users said: Calling the update "unexciting", 'claude reins' said on the Interactive Investor discussion board: "Lots of ifs and buts as usual from this company, even under new management. No benefits from low fuel prices, even in FY16 too. Really quite small improvements in the numbers. Better value for money elsewhere, even after the price drop." And 'janebolacha' was unconvinced by the outlook statement: "The turnround is going to take much longer than anticipated." 'Themanxman' was more forgiving: "They are not disasterous results. But clearly there is quite a way to go. A drop of over 30% in a day and bit seems a tad harsh though?" As was 'tejo': "I do not know why anyone should be surprised that Flybe had hedged their oil and dollar exposure. It was eminently sensible to do so whilst trying to turn the company around. All the competition will have done the same to a greater or lesser extent. The main uncertainties are the legacy issues and if these can be resolved, the future is bright. imho.. share price is way oversold."
27/1/2015
15:23
juliemp: Flybe – share Price Over-reacts to Trading Statement By Chris Oil | Tuesday 27 January 2015 Disclosure: I own shares in one or more of the stocks mentioned. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from ShareProphets). I have no business relationship with any company whose stock is mentioned in this article. I warned in my last piece on Flybe (FLYB) HERE, that you should reduce your holdings. I apologise for not saying sell altogether as the shares tanked on the back of a trading statement yesterday. So what now at 66p. The statement is explicit. There is no way that the company can make the £20 million pre-tax we had once hoped for in 2015 and 2016 forecasts of £50 million are now also pie in the sky. A new broker note which I have just received has cut forecasts dramatically and set a 140p target. We shall see. Flybe clearly hedged its fuel costs at vastly higher prices than expected so has NOT benefited from the 60% fall in oil prices, one of the main reasons for investment in this recovery play. However positive forward booking numbers partially compensate for this but even the increase boasted of is not as great as some had hoped for. The best we can hope for in 2015 is breakeven which is a big disappointment for people such as me seeking a hedge on our oil investments clearly Carnival was the way to go on reflection. What to do now? I think the share price has overreacted. Flybe still has strong cash backing from the last placing at 110p and so I would be holding for now with a view to selling out completely when the shares climb back to c100p. I still hold a tiny amount in the vain hope that Flybe can turn it around for 2016. This years is a write off for Flybe..
27/1/2015
11:53
wanttowin: I emailed Flybe yesterday re concerns about a leak last Friday, received a copy of their response by Andy Donald from investor relations if anyone is interested. Thank you for your email in response to mine. As reported yesterday in their third quarter trading statement, the Flybe management are currently well underway with their stated transformation plan and the business has a strong balance sheet and an improving core UK business. They have a clearly stated intention of delivering sustained profitability and value to shareholders. The share price movement on Friday was triggered by a note published by an analyst from HSBC who was reiterating his relatively long-held view which included some elements of caution around both London City routes and the speed of disposal of the legacy Embraer E195 aircraft. As you would expect, and rightly point out, the Flybe management team are rigorous in their approach to the release of any price sensitive information. There was no new information provided ahead of this broker note being published, nor has there been any information leak. However, in the light of the significant movement in the share price on Friday, the Board took the decision to bring forward the planned trading update in order to ensure there was a clear and consistent message to the market in terms of Flybe's current trading and outlook. The management team understands the share price fall is a difficult issue for investors, but it reinforces their determination and commitment to deliver value for all their shareholders and they remain focused on that objective. Regards Andy
03/2/2014
07:18
bogotatrader: IMS Below - Flybe Group PLC Interim Management Statement Date : 03/02/2014 @ 07:01 Source : UK Regulatory (RNS & others) Stock : Flybe Grp (FLYB) Quote : 105.25 0.0 (0.00%) @ 05:00 HOME » LSE » LSE » Flybe share price Flybe Group PLC Interim Management Statement Share On Facebook Print Alert TIDMFLYB RNS Number : 0711Z Flybe Group PLC 03 February 2014 Flybe Group plc ('Flybe' or 'the Group') Interim Management Statement Flybe turnaround gains momentum The Board is pleased to report that third quarter trading for 2013/14 was in line with overall management expectations. Key highlights were that UK scheduled revenue per seat was up 2.3%, whilst costs per seat (excluding fuel and restructuring costs) were down 5.2%. In Finland, revenue from white label flying increased by 23.7% The turnaround of Flybe, Europe's largest independent regional airline, is now accelerating. Phases 1 and 2 of the Turnaround Plan (announced in January and May 2013), followed by the Immediate Actions (launched by the new management team in November 2013) are all now well advanced. The Immediate Actions were announced with targets to deliver underlying benefits of GBP7m in 2013/14 and GBP26m next year, with around 500 proposed redundancies and estimated one off and grounded aircraft costs of GBP14m this year plus a further GBP27m in 2014/15. It is now anticipated that job losses will total around 450, and work is continuing to reduce the cost of aircraft grounding. The Board believes that all these actions are essential to provide the business with a sustainable cost base and a platform upon which it can profitably grow its business in the future, as it implements the twin strategy, announced in November 2013, of being both a UK regional branded airline and a European regional white label provider. Q3 2013/14 Trading Summary -- 5.0% increase in total revenue under management to GBP203.5 million. -- Group revenue in line with Q3 2012/13 at GBP142.9 million. -- UK Airline: -- 0.4% increase in total revenues to GBP137.6 million despite total seat capacity in UK down 2.3% (scheduled seat capacity down 1.8%). -- 2.3% increase in passenger revenue per seat to GBP48.46. -- 5.2% decrease in costs per seat (excluding fuel and restructuring costs) to GBP41.58. -- White label: -- 23.7% increase in white label revenue in Flybe Finland JV to GBP52.2 million. Turnaround Update 1. Optimise configuration: -- Flybe's UK route network has now been successfully rationalised for the Summer 2014 season (beginning April 2014), impacting 55 out of last year's 140 summer routes, including the discontinuation of 30 unprofitable routes. -- Flybe's UK base network will reduce from 13 to seven bases by the end of March 2014, as indicated in the November H1 results announcement. The refocus towards the larger bases will result in the closure of bases in Inverness, Aberdeen, Isle of Man, Newcastle, Jersey and Guernsey. Flybe will continue to operate services to and from all of these airports, as part of a total of 119 routes being flown across its UK network in the 2014 Summer Season. -- Surplus aircraft capacity is being addressed by grounding 10 aircraft by the end of March 2014 and a further four by the end of the Summer 2014 season. Work is continuing to reduce the cost of this aircraft grounding. -- In line with its strategy first to optimise and then progressively to grow its route network, Flybe unveiled on 31 January 2014 a major expansion at Birmingham with seven new routes, including Florence, Cologne and Porto, with three more of its Embraer E175 aircraft to be based there. This will result in Birmingham becoming Flybe's biggest base with a total of 12 aircraft flying 32 routes. Birmingham Airport also announced that Flybe will become its largest carrier, flying up to 400,000 extra passengers and nearly 2,000,000 travellers in total to and from the airport. 2. Reduce costs further -- Following the removal by the Group of its divisional structure in November 2013, Flybe has now implemented an integrated organisation structure and completed the streamlining of its senior management team. -- Further progress has been made to complete the delivery by the end of March 2014 of the cost savings previously announced in Phases 1 and 2 of the Turnaround Plan: 2013/14 cost savings Phase 1 Phase 2 Total GBPm GBPm GBPm ----------------------- ----------- ----------- ---------- Headcount reduction 16 4 20 Outsourcing 8 - 8 Procurement and other 6 6 12 ----------------------- ----------- ----------- ---------- Total 30 10 40 ----------------------- ----------- ----------- ---------- -- Flybe is on track to achieve the further cost benefits, as previously announced, of GBP7m in 2013/14 and GBP26m in 2014/15 from network rationalisation, removal of the divisional structure and engagement with key suppliers. These include around 450 job losses, slightly down from the estimated 500 announced in November. Of these, about half are expected to be voluntary redundancies, others will be leavers and there are anticipated to be around 40-60 compulsory redundancies. -- Flybe is extremely grateful for the positive and constructive way in which the employees, Trades Unions and Employee Representatives have approached the consultation process regarding redundancies as well as the efforts that have gone into mitigating the numbers of job losses. The consultation process is now substantially complete. As a result of contribution enhancing commercial mitigations, which include delay of some aircraft groundings and crew redundancies until after the Summer season, and subject to the final take up of volunteers, only circa 10% of the original planned number of redundancies is now expected to be compulsory. 3. Improve commercialisation: -- Key management roles have been filled with a balance of external recruitment and internal appointments. -- Significant progress has been made with marketing enhancements, in both media and the website. Further work is in hand. -- A structured route profitability and selection methodology has been developed and is being rigorously implemented. Over 100 potential new routes have been assessed and nine new routes have been announced for Summer 2014. -- A variety of pricing, revenue management and route management improvements have been introduced. Early results are showing encouraging trends. -- Trading partnerships with major suppliers are being strengthened and developed further. Flybe is grateful for the cooperative spirit in which partners have entered into discussions, which the Board considers reflects the importance of Flybe to UK regional aviation. Progress so far is underpinned the Board's growing confidence in the achievement of its targeted benefits from the Immediate Actions. -- The Board believes that the impact of improvements is already evidenced in the growth in Q3 of Flybe's share of the UK regional domestic air passenger sector to 49.6%, up 1.2ppts from Q3 2012/13. 4. Finland Optimisation: -- The Flybe Finland JV continues to show strong progress in its profitable white label flying operations. A programme to reduce losses in the legacy scheduled risk flying portion of the Flybe Finland business is being implemented with effect from April 2014, with two of the six loss making lines of scheduled risk flying being removed, and Finnair working closely with Flybe on the commercial management of the remaining routes. Current trading UK Airline's current forward passenger sales revenue is as follows: -- Q4 2013/14 shows an increase over last year of circa 3%, driven by an increase in passenger volumes partially offset by lower yields. -- Forward sales for Summer 2014 are currently broadly in line with prior year. Outlook The UK economy has returned to growth, although the aviation sector remains highly competitive. The Board believes that Flybe's strong position in the regional aviation market is an attractive and sustainable one that plays an important part in aviation connectivity for regions, airports, passengers and indeed other airlines. In the short-term, Flybe's revenue will be affected as it discontinues unprofitable routes. However, the Group's improved cost structure will, the Board believes, provide Flybe with a firm foundation for future profitable growth. Saad Hammad, Chief Executive Officer, commented: "We are on track to deliver GBP40 million of annual cost savings from Phases 1 and 2 of the Turnaround Plan by 31 March 2014, and significant rapid progress has been made already on the additional Immediate Actions announced in November last year. The transformation of our cost base is being successfully delivered thanks to the hard work and determination of our people and with the support of all stakeholders. "Taking decisive action gives us a strong platform to implement our strategy, achieve profitable growth and build sustainable value for our shareholders. We are well on our way to becoming Europe's best local airline." 3 February 2014

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