Bay Capital Share Discussion Threads

[horus22222] 07/5/2010 20:21

I agree about vote numbers,it was on the radio that the vast majority voted to regect the offer. When that should be the number voting no to the offer is 57.5% of unite members.

[molecule] 07/5/2010 18:33

what I mean is:
back in 1997 we all got some profit share money at BA, I decided to take shares instead. The price was around 6 pounds.
13 long years have gone and look what they are worth. I needed money so sold at a loss few years later.
Talked to so many senior crew who kept buying over a 20 year period....they said one day it would go back to 7 pounds....They said they were in for the long term. I told them they were nuts.

How long are you all willing to wait? Not sure why you want to invest in such a fragile business, plenty of fish in the sea!!

[exbacrew] 07/5/2010 17:58

shauney2 - you are quite correct - change management failed miserably here - clearly the numbers of Crew voting to strike have not been communicated in the correct manner.

Walsh has held employee forums in Waterside - however the crew do not even go there and it is just office staff there - what's the point of that?????

[shauney2] 07/5/2010 17:19

I agree Anon. Long term these will be fine.

If and when to buy back in is tough one.They have the triple whammy of this economic crisis, an idotic union with an even worse management who can't manage.

[exbacrew] 07/5/2010 14:37

Afternoon chaps - any chartists out there with an indication of when this is going to bottom?

Must admit it's lower than I thought it would go - if it goes through 180 could it keep going down an down?

[anony mous] 07/5/2010 09:46

well... each to their own.

[molecule] 07/5/2010 09:02

long term investing is dead.
There is a time to buy and a time to sell.
You wait too long you lose all

[anony mous] 07/5/2010 07:55

shauney2
yes, but like i have said many a time, long term holder here.
we'll get more than that long term.

i cannot predict daily movements.

being longtermer, i am not posting much here, wasting my time.
be back next yr.

[shauney2] 06/5/2010 21:32

Well Anon called this to 300p about a month ago. Lets see what tomorrow brings.

[bartram] 06/5/2010 20:59

Is Fat Finger syndrome to blame for Dow plunge or is it just a Greek scare - it's anybody's guess.

[wow400] 06/5/2010 20:02

Was horrific watching it & the FTSE :-o

[bartram] 06/5/2010 19:59

Hell's Bells - Dow fell 1000 points at one stage tonight but has recovered some of its losses. Hold on to your seat belts.

[anony mous] 06/5/2010 19:30

why you ask such silly question.

i thought you were keeping up with posts here.

duh !

[exbacrew] 06/5/2010 18:13

Anony Mous

"Willie Walsh MUST NOT reinstate the staff travel benefits."

Why not?

If it settles this dispute then why not?

[volsung] 06/5/2010 16:08

Its the banks that have brought the UK and its companies to their knees not the likes of UNITE

[selborne_edge] 06/5/2010 16:02

It is difficult to believe that his 2010 and not 1970, when the likes of Red Robbie worked hard and succeeded in bringing British Leyland to its knees. We now have no motor industry and it follows that UNITE would like to do the same for the UK airlines. Lets hope that commonsense will prevail.

Keep your nerve Willie, many of us are behind you.

[wow400] 06/5/2010 14:19

Traffic Stats for Apr:

Summary of the headline figures

In April 2010 the operation was significantly impacted by the airspace closures
in the UK and other parts of Europe following the volcanic activity in the
Eyjafjallajoekull area of Iceland; this resulted in the equivalent of some six
days of lost flying. Passenger capacity, measured in Available Seat Kilometres,
was down 20.9 per cent on April 2009. Traffic, measured in Revenue Passenger
Kilometres, fell by 22.4 per cent. This resulted in a passenger load factor
decrease of 1.5 points versus last year, to 76.6 per cent. Traffic comprised a
19.8 per cent decrease in premium traffic and a 22.9 per cent decrease in
non-premium traffic.

Cargo, measured in Cargo Tonne Kilometres, fell by 11.0 per cent.


Market conditions

The underlying traffic volumes continue to show a positive trend, although
challenges continue to affect the outlook.


And they still want to strike? Unbelievable :-/

[bartram] 06/5/2010 13:28

If you're tempted to feel sorry for Mr. Holley then read on (from Daily Mail in March 2010)

"£50,000 militant has just flown 20 hours in 18 months. He asked them (the strikers) to be brave - to put their jobs on the line, to fight to the bitter end.
It was a rallying cry from a union leader to his members, reminiscent of the striketorn days of the late 1970s.

Little wonder then that Duncan Holley felt obliged to line up alongside his cabin crew colleagues yesterday as they obeyed his call to wage war on British Airways.

As secretary of the British Airlines Stewards and Stewardesses Association, the 54-year-old activist is a key figure behind the strikes.

Yet although he joined banner-waving stewardesses outside Heathrow, the pinkjacketed militant is a much less familiar face on many of their flights.

For the cabin services director has clocked up fewer than 20 hours flying time in the past 18 months - despite drawing an annual salary of at least £50,000 from his BA and union work.

With a £465,000 home in the Hampshire countryside, it seems Mr Holley must be doing something right. But pushing a trolley along an aircraft aisle does not seem to be it.
On top of his £42,000 BA wage, the union man gets a percentage of the £17 monthly contributions paid by its 12,000 members.

Estimates of how much this is worth vary widely. According to one source, it could amount to more than £60,000, but Mr Holley himself denies getting more than £8,000.

The irony would not have been lost on those crew who crossed the picket lines yesterday to keep the airline goin

Mr Holley denied suggestions from fellow cabin crew that he earned up to £100,000, adding: 'I have nothing to be ashamed of and nothing to hide'."

[anony mous] 06/5/2010 13:02

British Airways 'fires' leading union official

Page last updated at 11:30 GMT, Thursday, 6 May 2010 12:30 UK

BA's cost-cutting plans have led to disputes with its unions A leading union official at BA says he has been sacked by the airline for gross misconduct.

Duncan Holley claims he was fired with immediate effect because he took time off work before Christmas to carry out his union duties.

Mr Holley, who has been secretary of the branch of Unite which represents cabin crew for 12 years, described his dismissal as "politically motivated".

BA said it would not comment on individual disciplinary cases.

[selborne_edge] 06/5/2010 11:52

You suspect that this dispute is being driven by a minority, stirred-up by UNITE for its own purposes. BA just have to get their costs down and become competitive or they have no future and that includes all the CC losing their jobs.

[wow400] 06/5/2010 11:08

exbacrew - I was the one that posted that info & it comes directly from the horses mouth (so to speak!!).

BA's aim is to get ALL pilots (pro-rata for part time etc) to fly as close to the legal maximum of 900 flying hours as possible.
I think what that means in principle is they fly an average of 850hrs/yr.

Virgin OTOH are contracted to fly 750 (might even be less & KLM pilots are contracted to fly 600hrs a year!) so you cannot read directly across the pay scales without taking into account productivity....

Unfortunately a by-product of this industrial dispute is apparently a minority of cabin crew/union types blaming the pilots for all and sundry & even saying that pilots should be paid the same as cabin crew as they effectively do the same job!!

According to the wife, it is only a hard core, bitter & twisted minority that feel that way but as every, it is the vocal minority!

GL all