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| Share Name | Share Symbol | Market | Stock Type |
|---|---|---|---|
| Flybe Grp | FLYB | London | Ordinary Share |
| Price Change | Price Change % | Share Price | Last Trade
|
|
|---|---|---|---|---|
| 0.00 | 0.00% | 0.964 | 01:00:00 |
| Open Price | Low Price | High Price | Close Price | Previous Close |
|---|---|---|---|---|
| 0.964 |
| Top Posts |
|---|
Posted at 01/3/2019 23:51 by bray2 Legal advise today has confirmed I have 0% chance of any claim against the board on a company or personal level. Such a sad event given investors feel so disappointed by recent events. Hopefully one day the board will suffer like investors have. |
Posted at 12/2/2019 20:53 by devasted19 Just when you think the share price is on its way down closer to 1p someone keeps buying big stakes. What is about flybe lol. It's Shame ng tern investors made big losses and short term investors made good profits at our expense over night. |
Posted at 09/2/2019 09:40 by hpcg Devastated19 - your words are exactly why the board has done well to preserve jobs and customer's flights. There is a cohort of private investors which, for reasons I cannot comprehend, would rather see their investment go to zero and punish others than rescue whatever capital they can. Every single investor from Warren Buffett down, every single investor , opens what turn out to be loss making positions. With losses an inevitability successful investors and long term losers group themselves by how they deal with them. |
Posted at 08/2/2019 12:47 by whatsup32 hpcg. ‘All reports are nevertheless upbeat. This is the company doing its job for shareholders-giving them a chance to sell at a highest price possible to buyers with less in-depth knowledge’In other words they are knowingly misleading the ‘less in-depth’ investor. Private investors are not analysts nor are they accountants , directors have an obligation to all shareholders, not just the connected ones. Luke Johnson is an intelligent investor , didn’t he just get done . Where were all the smart accountants and analysts there. I agree the writing was on the wall for Flybe. Just disagree it’s acceptable practise for management to give a rosy outlook when the opposite may be true. Management should have more insight then your regular guy on the street. When results or trading update is released it’s usually done three months in arrears. That’s three months of insight to go on. |
Posted at 29/1/2019 11:48 by loganair It seems to me what is happening at the moment with Flybe is the Institutional Traders are pulling in the Private Retail Investors saying that there is s liklihood the Connect Airways take over will be thrown out and a higher bid will be made.Then these very same Instituational Traders will get these same Private Retail Investors to sell out at a 1/4 of the price they paid for their shares back to the Instituational traders. |
Posted at 27/1/2019 20:40 by whatsup32 loganair.Can I just add I also feel for any Private Investor who may have lost money on this stock . After all I am also a private investor Having said that writing has been on the wall for many years and not just this management but previous managements too. In this case I think private investors have also to blame themselves. |
Posted at 27/1/2019 13:33 by exbroker As I see the situation, I would advise the consortium to do the following.Get the sale of the assets completed ASAP, Feb 22 was the long stop date not the completion date which was not given. Ask Hoskins publicly if they intend to vote against the takeover, they have enough (given that the Private investors won’t vote) to block the deal. If they do, then they will be known as the hedge fund that cost lots of small people at or near lots of regional airports either money or their jobs. Issue a trading statement setting out just what a mess the company was in and why it needed the loan. Also, state that they are committed to the deal if it completes, if not then they would have to review their loan etc. See if there is any evidence that Hoskins and Tinkler are acting in concert, this will worry them because if they are then they would have to bid for the company at whatever was the highest price paid in the last year. NO WAY will they want that. Tinkler has only got involved to be a pain to STOB, this looks to have backfired so far. Remind investors that the can switch to an offer from the current scheme if they want to. Note A scheme requires 75% of shareholders voting to pass, an offer requires 50% of shareholders to accept. |
Posted at 26/1/2019 18:05 by cleverinvestor Whatsup32Hosking doesn't look like an attention seeker to me. He felts Shareholders have been unfairly treated and he is in a position to do something about it Sky News article listed his grudge against the BOD (See below) They are real and most already raised and discussed on this thread "Hosking, which owns nearly 19% of Flybe, initially expressed doubts about the takeover in a letter ten days ago which accused directors of breaching their duties to investors and warning that it could seek an injunction to try to block the deal." "Hosking's anger has been sparked by a number of factors, including the huge discount to the airline's prevailing share price at which Connect Airways' bid was pitched." "The fund manager is expected to argue in a statement to fellow shareholders that Flybe's board, led by Mr Laffin, failed to pursue viable alternatives to the consortium's offer." "Flybe has argued that the restructuring of the deal had been made necessary by its urgent need for liquidity, with the consortium extending an emergency £10m bridging loan in recent days to provide it with cash. That claim has been challenged by Hosking because of Flybe's cash balance and its ability to raise funds from the sale of potentially lucrative assets such as its take-off and landing slots at London airports." "Hosking is also furious because Flybe's switch from a premium to a standard listing on the London market - implemented this week - means that investor approval is now only required for the holding company bid." "Hosking has raised concerns about the process through which they formed an alliance, and has highlighted the recent rise in Stobart Group's shares as evidence of a value transfer from Flybe to its prospective acquirers." "Under their plans, Stobart Air will be folded into Connect, with all of Flybe's services rebranded under the Virgin Atlantic name. The chief executive and chief financial officer of Flybe will transfer to the bidding consortium, according to documents published by the company." Investors' anger at the bid process has been exacerbated by the fact that early last year, Stobart made a takeover approach to Flybe understood to have been valued at roughly 40p-a-share. This was rejected by Flybe's board. |
Posted at 23/1/2019 15:38 by ajmace At last I found this from 4 days agoFlybe's biggest shareholder has launched a stunning attack on its directors, accusing them of breaching their duties to investors and threatening a legal challenge to the cut-price takeover of one of Britain's best-known airlines.Sky News has learnt that Hosking Partners, a prominent London-based asset manager which holds a stake of close to 19% in Flybe, has instructed lawyers to explore its options in relation to the company's proposed sale to a consortium? led by Virgin Atlantic Airways .These options could include attempting to obtain an injunction prohibiting the deal from being completed, Hosking Partners is understood to have warned Flybe's bosses this week.The initial 1p-a-share deal, announced eight days ago, came at a huge discount to the airline's prevailing share price and underscored its industry's profound financial challenges.In a letter to the directors of Flybe, details of which have been relayed to Sky News, Hosking Partners is understood to have expressed concern that they had allowed a false market in the company's shares to develop by failing to update the City on its financial position in a timely fashion.?The fund manager, a long-standing shareholder in Flybe, is understood to have copied its ?letter to City watchdogs including the Takeover Panel, which polices mergers and ?acquisitions activity, and the Financial Conduct Authority.Hosking Partners is said to have raised doubts as to whether the £2.2m offer reflected the intrinsic value of Flybe, and alleged that the handling of its proposed sale had blocked a rival offer from emerging at a higher price.Flybe's fate took a further twist this week when it said that its sale to Connect Airways - a consortium comprising Virgin Atlantic, Stobart Group and Cyrus Capital Partners,? an investment fund with links to the other two parties - would be restructured.?Instea |
Posted at 23/12/2018 18:47 by bray2 Flybe board are desperate to get a fire sale before the cash runs out. no deal in Q1 2019 will cause more upset for its suffering investors as the financial mess becomes deeper.Still can't see virgin making any offer where investors will get any return the boards bonus will be higher up the list than investors. |
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