03/09/2015 09:51:46 Cookie Policy Free Membership Login

Flybe Grp Share Price - FLYB

Share Name Share Symbol Market Type Share ISIN Share Description
Flybe Group PLC LSE:FLYB London Ordinary Share GB00B4QMVR10 ORD 1P
  Price Change Price Change % Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  +1.75 +2.02% 88.25 88.00 88.25 88.50 88.00 88.00 510,762 09:20:39
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m) RN NRN
Travel & Leisure 574.1 -23.6 -16.5 - 191.20

Flybe News, Charts, Forums & Trades

More Flybe News
Flybe Takeover Rumours

Flybe Share Charts

1 Year Flybe Chart

1 Year Flybe Chart

1 Month Flybe Chart

1 Month Flybe Chart

Intraday Flybe Chart

Intraday Flybe Chart

Flybe Discussions and Chat

Flybe Forums and Chat

Date Time Title Posts
03/9/201509:43FLYBE – turbulence over – but keep your seatbelts on2,133
20/8/201508:30*** FLYBE ***5,561
27/1/201523:02another great buy from cockney the clown14
23/11/201413:17A new perfect short - Flybe Group7
17/11/201413:22update FLYB-

Add a New Thread

Flybe Top Chat Posts

DateSubject
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
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..
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
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
10/2/2015
13:56
mike740: This article clarifys the fuel hedge problem we have been debating here...... Flybe fails to cash in on falling oil prices, shares nosedive Mon 26 January 2015 11:03 | A A A No recommendation No news or research item is a personal recommendation to deal. Hargreaves Lansdown may not share ShareCast's (powered by Digital Look) views. Flybe shares were hit hard as the company admitted that the oil price slump would do little to ease costs because the budget carrier is locked into a contract for the remainder of 2015. While rival airlines benefit from cheaper jet fuel prices, Flybe will pay considerably over the odds. The firm is locked at $129 a barrel for 97% of its fuel intake until March, when its current fiscal year ends, whereas at present a barrel of Brent crude costs just $48. The firm also hedged 71% of its exposure for the first half of its next financial year at $128 a barrel and 66% for the second half of that year. Shares plummeted over 20% to 69.93p in early trading following Monday's trading update, as Flybe announced its expectations to "achieve around break-even" at a pre-tax level for the year to March 2015. "The benefit of lower fuel prices, given our hedging strategy, will not flow in significant amounts until 2016/17, though we will be covered in case fuel price increases next year," said Flybe's chief executive Saad Hammad. The company also unveiled a 3.8% drop in revenues year-on-year to £127m between 1 October and 31 December. This included a 6.1% reduction in the number of seats flown, which the company claims to be in-line with its strategy to restructure and re-size. Hammand insisted that selling off peripheral assets and reworking routes will pave the way for strong improvement. He said: "Only a year into our three-year transformation we now have a platform which enables us to compete in a tough environment where the consumer demands value. We have responded to that by keeping our fares low and launching new routes." "Having removed nearly a $1bn of future liabilities over the course of this year in relation to the firm legacy order for additional Embraer E175 aircraft and ongoing losses of Flybe Finland, we are making solid progress towards finding a solution to our remaining legacy issue, Project Blackbird." Michal Campbell, analysts at Northland CP warned that "the exit timing of Project Blackbird E195's, which is costing the business roughly £26m a year could be a drag on the share price over the near term."
21/9/2014
18:52
paleje: Shareprophets article below, certainly bullish - Buy Flybe at 116.5p – price target 250p (short term) 500p (3 years) BY CHRIS OIL | SUNDAY 21 SEPTEMBER 2014 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. Following my recovery play holding of last week I promised to reveal my second private non-oil share this week – here goes it is Flybe (FLYB). This is a perfect hedge for anyone with large oil investments or a recovery play in its own right. It’s a sort of EasyJet in the making with a £250 million market cap -I reckon that should be well over £1 billion. Flybe is a United Kingdom based regional airline company with flying operations based out of Britain and also in Finland through a jv- it had a fleet of 96 aircraft at the time of its accounts. However the recent announcement of downsizing the fleet comes as the airline has been pushing through a turnaround plan designed to restore it to profitable growth. By moving from heavy fuel using jets to more efficient Bombardier aircraft should enhance future profitability. The City is starting to get excited about major expansion plans at London City Airport and with three new routes launched October 27th to Exeter combined with new flights to Manchester, passenger numbers should exceed three quarters of a million in 2015. Conservative broker forecasts are for £592 million in revenue and a £20 million pre-tax profit in the year to 31 March 2015 and the following year £629 million in revenue with a profit of £50 million. In the long term this is another EasyJet in the making and a lower risk than any oil plays. So why are the shares so undervalued? The firm nearly went bust under the last management however the balance sheet has been sorted thanks to a placing at 110p and that £150 million of cash provides a floor in the share price and makes the company one of the best financed businesses around today. The aim is to deploy capital to own aircraft with secured loans rather than via full operating leases. Given the new management are ex EasyJet they know exactly what to do to drive Flybe back to historical highs. This is a real turnaround situation on multiple fronts including cutting uneconomic routes and slashing 1,100 jobs – total annualised cost savings to date are £70 million. I have been to a few investor presentations and CEO Saad Hammand wants to turn everything purple, offering free chocolates and a 60 minute promise on delayed flights to drive increasing repeat business. Remember that the big boys are leaving this market open to Flybe to gain market share as they have moved to compete with each other on overseas destinations. TTV adverts are getting more exposure as well which all helps increase the brand awareness with customers feeding through to the bottom line. The company makes the point that on most of its routes it is faster and cheaper to fly Flybe than to use car or rail. Next week I am going to test this theory out including some overseas flights. The company is nearing the end of a phased cost review on its training school which I hope it will float off or semi privatise to reduce costs and increase cash. The (MRO) maintenance operation which services 3rd parties as well will probably be held onto as I cannot see its worthwhile selling it off considering the financial benefits of maintaining the company’s own fleet. In terms of fuel costs, Flybe is hedged 60% and is benefiting from the downturn in oil prices on the 40% unhedged part of its book which should feed into profitable numbers in the next results on the 12th November. A capital markets day on the 28th will hopefully hint at the growth for the future off the back of the increased passenger numbers this summer. In summary the company is mainly a domestic airline so currency or conflict abroad has less effect on it than on others in the sector. But it has the potential to generate large profits and cashflow and this is far from discounted. - See more at: http://www.shareprophets.advfn.com/views/7910/buy-flybe-at-1165p-price-target-250p-short-term-500p-3-years#sthash.40YTyUgl.dpuf
26/9/2014
02:10
mechanical trader: A few days old but I cant find it on the thread..... Buy Flybe at 116.5p – price target 250p (short term) 500p (3 years) BY CHRIS OIL | SUNDAY 21 SEPTEMBER 2014 74 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. Following my recovery play holding of last week I promised to reveal my second private non-oil share this week – here goes it is Flybe (FLYB). This is a perfect hedge for anyone with large oil investments or a recovery play in its own right. It’s a sort of EasyJet in the making with a £250 million market cap -I reckon that should be well over £1 billion. Flybe is a United Kingdom based regional airline company with flying operations based out of Britain and also in Finland through a jv- it had a fleet of 96 aircraft at the time of its accounts. However the recent announcement of downsizing the fleet comes as the airline has been pushing through a turnaround plan designed to restore it to profitable growth. By moving from heavy fuel using jets to more efficient Bombardier aircraft should enhance future profitability. The City is starting to get excited about major expansion plans at London City Airport and with three new routes launched October 27th to Exeter combined with new flights to Manchester, passenger numbers should exceed three quarters of a million in 2015. Conservative broker forecasts are for £592 million in revenue and a £20 million pre-tax profit in the year to 31 March 2015 and the following year £629 million in revenue with a profit of £50 million. In the long term this is another EasyJet in the making and a lower risk than any oil plays. So why are the shares so undervalued? The firm nearly went bust under the last management however the balance sheet has been sorted thanks to a placing at 110p and that £150 million of cash provides a floor in the share price and makes the company one of the best financed businesses around today. The aim is to deploy capital to own aircraft with secured loans rather than via full operating leases. Given the new management are ex EasyJet they know exactly what to do to drive Flybe back to historical highs. This is a real turnaround situation on multiple fronts including cutting uneconomic routes and slashing 1,100 jobs – total annualised cost savings to date are £70 million. I have been to a few investor presentations and CEO Saad Hammand wants to turn everything purple, offering free chocolates and a 60 minute promise on delayed flights to drive increasing repeat business. Remember that the big boys are leaving this market open to Flybe to gain market share as they have moved to compete with each other on overseas destinations. TTV adverts are getting more exposure as well which all helps increase the brand awareness with customers feeding through to the bottom line. The company makes the point that on most of its routes it is faster and cheaper to fly Flybe than to use car or rail. Next week I am going to test this theory out including some overseas flights. The company is nearing the end of a phased cost review on its training school which I hope it will float off or semi privatise to reduce costs and increase cash. The (MRO) maintenance operation which services 3rd parties as well will probably be held onto as I cannot see its worthwhile selling it off considering the financial benefits of maintaining the company’s own fleet. In terms of fuel costs, Flybe is hedged 60% and is benefiting from the downturn in oil prices on the 40% unhedged part of its book which should feed into profitable numbers in the next results on the 12th November. A capital markets day on the 28th will hopefully hint at the growth for the future off the back of the increased passenger numbers this summer. In summary the company is mainly a domestic airline so currency or conflict abroad has less effect on it than on others in the sector. But it has the potential to generate large profits and cashflow and this is far from discounted. Until the next time more ramblings from the castle can be seen @chrisoil - See more at: http://www.shareprophets.advfn.com/views/7910/buy-flybe-at-1165p-price-target-250p-short-term-500p-3-years#sthash.jPl3o0pj.dpuf
25/9/2014
13:40
mechanical trader: A few days old but I cant find it on the thread..... Buy Flybe at 116.5p – price target 250p (short term) 500p (3 years) BY CHRIS OIL | SUNDAY 21 SEPTEMBER 2014 74 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. Following my recovery play holding of last week I promised to reveal my second private non-oil share this week – here goes it is Flybe (FLYB). This is a perfect hedge for anyone with large oil investments or a recovery play in its own right. It’s a sort of EasyJet in the making with a £250 million market cap -I reckon that should be well over £1 billion. Flybe is a United Kingdom based regional airline company with flying operations based out of Britain and also in Finland through a jv- it had a fleet of 96 aircraft at the time of its accounts. However the recent announcement of downsizing the fleet comes as the airline has been pushing through a turnaround plan designed to restore it to profitable growth. By moving from heavy fuel using jets to more efficient Bombardier aircraft should enhance future profitability. The City is starting to get excited about major expansion plans at London City Airport and with three new routes launched October 27th to Exeter combined with new flights to Manchester, passenger numbers should exceed three quarters of a million in 2015. Conservative broker forecasts are for £592 million in revenue and a £20 million pre-tax profit in the year to 31 March 2015 and the following year £629 million in revenue with a profit of £50 million. In the long term this is another EasyJet in the making and a lower risk than any oil plays. So why are the shares so undervalued? The firm nearly went bust under the last management however the balance sheet has been sorted thanks to a placing at 110p and that £150 million of cash provides a floor in the share price and makes the company one of the best financed businesses around today. The aim is to deploy capital to own aircraft with secured loans rather than via full operating leases. Given the new management are ex EasyJet they know exactly what to do to drive Flybe back to historical highs. This is a real turnaround situation on multiple fronts including cutting uneconomic routes and slashing 1,100 jobs – total annualised cost savings to date are £70 million. I have been to a few investor presentations and CEO Saad Hammand wants to turn everything purple, offering free chocolates and a 60 minute promise on delayed flights to drive increasing repeat business. Remember that the big boys are leaving this market open to Flybe to gain market share as they have moved to compete with each other on overseas destinations. TTV adverts are getting more exposure as well which all helps increase the brand awareness with customers feeding through to the bottom line. The company makes the point that on most of its routes it is faster and cheaper to fly Flybe than to use car or rail. Next week I am going to test this theory out including some overseas flights. The company is nearing the end of a phased cost review on its training school which I hope it will float off or semi privatise to reduce costs and increase cash. The (MRO) maintenance operation which services 3rd parties as well will probably be held onto as I cannot see its worthwhile selling it off considering the financial benefits of maintaining the company’s own fleet. In terms of fuel costs, Flybe is hedged 60% and is benefiting from the downturn in oil prices on the 40% unhedged part of its book which should feed into profitable numbers in the next results on the 12th November. A capital markets day on the 28th will hopefully hint at the growth for the future off the back of the increased passenger numbers this summer. In summary the company is mainly a domestic airline so currency or conflict abroad has less effect on it than on others in the sector. But it has the potential to generate large profits and cashflow and this is far from discounted. Until the next time more ramblings from the castle can be seen @chrisoil - See more at: http://www.shareprophets.advfn.com/views/7910/buy-flybe-at-1165p-price-target-250p-short-term-500p-3-years#sthash.jPl3o0pj.dpuf
13/11/2014
06:50
mikepompeyfan: A cloud of red ink in the half-year accounts and news that it was selling for just €1 an operation that accounts for more than a quarter of its business, conspired to send shareholders in Flybe heading for the exit. The ups and downs of the share price graph of the Exeter-based regional airline was already resembling an airport take-off and landing schedule before Flybe yesterday confounded investors with news of a slump into the red and the announcement that it was all but giving away its operations in Finland. The shares closed down more than 15 per cent, off 20¼p at 111½p. The ordinarily upbeat Saad Hammad, a former easyJet director who has been Flybe’s chief executive for the past 18 months, conceded shareholders might have been wrongfooted by a “complex announcement in which there was a lot to digest”. The headline news was that Mr Hammad had overturned the most recent of several wrong-turns by his precedessor Jim French, who had brought Flybe to the stock market in 2010 before almost immediately reducing the market value of the business by about two thirds with profit warnings. In the autumn of 2012, Flybe had spent £19 million to start a joint venture with Finnair flying passengers around the Nordic region to diversify out of its then-moribund UK domestic market. The alliance has been in the red since. After £10 million of losses booked by Flybe for an operation which has been losing €1 million a month, Mr Hammad has pulled the plug and sold the operation for a nominal sum to Finnair. “With no more distractions and no more losses, it is the best euro I have ever spent,” he said. The writedown of the remaining £9.9 million in the value of the Finnish investment was, however, just the start of a litany of exceptional items. The biggest was £14.4 million for the cost of leasing Embraer aircraft, which the airline is not flying. The cost of the surplus aeroplanes, which are sitting on the tarmac of Exeter and Newquay airports, is expected to run into £26 million a year as Mr Hammad switches his fleet to Bombardier turboprops. There was also an £8 million year-on-year negative movement in the valuation of dollar-denominated loans for aircraft and a belated £6 million provision set aside for recompensing passengers for late arrivals after the terms of claims were settled in a recent judgment by the UK’s Supreme Court. All that conspired to send last year’s half-year performance of a pre-tax profit of £13.8 million into a loss of £15.3 million in the six months to the end of September. Revenues were down 11 per cent at £425 million as the airline pulled off unprofitable routes. It spoilt the story that Mr Hammad was trying to get over to the City. “The key message is the core UK business performed well,” he said. Flybe planes flew 8.6 percentage points higher at a record 77.2 per cent — low compared with the likes of Ryanair and easyJet — but only after prices were on average cut by 3.4 per cent. Flybe’s margins remain tight. Average revenues per seat stood at £54.75 against average costs per seat of £53.30.
26/7/2015
01:06
paulypilot: Hi, I've been keen on this share for some time, and it seems to me that things are coming together nicely now. Normally I'd top-slice, but in this case, the share repeatedly recovers when it slips backwards intra-day, and the recent big rises have been on strong volume. That suggests to me that there's been a marked changed in market sentiment towards FLYB, and that there are probably big Institutional buy orders in the background - hence the price remaining strong after each big rise. The recent Numis note was very strong too. It's clear that FLYB should generate strong cashflows over the next few years, as cheaper fuel feeds through, as hedging arrangements gradually expire. Have to say, I think we're onto a winner here, so personally I'm running the position for some time to come. I think 150-200p is entirely possible, with a degree of patience. Reading between the lines, it sounds like the company is close to finding a solution to the surplus planes. In any case, it has plenty of cash, so as Saad said in recent webcast, the company could write a cheque now for the £80m to dispose of the E195s, but the delay is because it can secure a better deal. Surely the E195s have some value to sublet? Even if FLYB has to subsidise a sub lease by 50%, that would still save £40m. Anyway, I think the wind is in our sails now (bad metaphor!) - it just feels like we're in a very strong move upwards, with no sign of it wanting to slip backwards. The forward PER is only about 5, so I can see why sentiment has turned positive. That suggests the share price could double from here, to a PER of 10, if the company can achieve forecasts - which I am a bit sceptical about, as it's missed estimates in the past. Personally I intend banking some profits around 120-140p, but will hold until we get there. DYOR as usual, just my personal opinion (subject to change, if information changes). Regards, Paul.

Flybe Grp Most Recent Trade

Trade Type Trade Size Trade Price Trade Date Trade Time Currency
O 5,000 88.04 03 Sep 2015 09:21:53 GBX


Your Recent History
LSE
GKP
Gulf Keyst..
LSE
QPP
Quindell
FTSE
UKX
FTSE 100
LSE
IOF
Iofina
FX
GBPUSD
UK Sterlin..
Stocks you've viewed will appear in this box, letting you easily return to quotes you've seen previously.

Register now to create your own custom streaming stock watchlist.

By accessing the services available at ADVFN you are agreeing to be bound by ADVFN's Terms & Conditions

1 site:2 150903 08:51