Flybe Share Discussion Threads

[ayl30] 10/4/2016 07:51

Report in S Times that Flybe are to be given free slots at Heathrow to provide feeder traffic to int airlines. Not sure if this is new news but sounds encouraging?

[owenski] 09/4/2016 13:30

I bought this on it's breakout at 60p last June and then sold about a month later. Decided to buy again when the direction was confirmed, but that hasn't taken place. Now the share price is back to less than it was when I first traded it.

This strikes me as odd as clearly the business has turned around successfully, it seems to be an anomaly to me, but equally, I dont like fighting against a chart direction and would rather de-risk by buying at a higher price when a trend is confirmed. It wouldn't surprise me if this turned around sharpish at some point.

That Numis PDF (thanks for that) provides a summary of a business that's doing rather well IMV, credit to the management.

I'm wondering if the weakness is in part current sector selling related, plus uncertainty over Brexit, being that FLYB have aspirations to grow their business trans Europe it may present a short term risk and thus weighs on the share price

FLYB are certainly on my watch list.

Regards

[mobtheplod] 09/4/2016 10:42

Sorry meant to say re-rating.

[mobtheplod] 09/4/2016 10:41

Many thanks che, excellent read that. I'm a long term holder in these, sitting on a slight loss at the mo and I think much patience has been required, however, this is the year for improving growth and a relating - we shall see.

[che7win] 09/4/2016 07:57

Last month:

[sandoval] 08/4/2016 15:42

and vallium :)

[europa79] 08/4/2016 14:48

As we still have no divi, I think all proven LTH's should qualify for some free flights :-]

[phillis] 08/4/2016 09:40

because you are being wise after the event

[cerrito] 07/4/2016 17:29

I was very surprised at the very favourable- to FLYB- forward £/$ rates they have for H1 16/17 given the current spot price until I read in the interims of last November that at that time they had already hedged 64.7% forward at an FX rate of 1.54. This makes sense and a question for the next AGM if I make it is why did they not hedge more of their forward $ exposure.

[sandoval] 07/4/2016 15:57

Also if SNP win Holyrood election on May 5th they have pledged to reduce APD 50%.

[wanttowin] 07/4/2016 14:33

agreed bulltradept..it is the clever additions and innovations like this, which are constantly improving the company.Saad has had strong headwinds against him since taking over and deserves some reward imo. Still holding

[bulltradept] 07/4/2016 14:01

Still think this is a cracking little company.

[jlo10] 07/4/2016 12:40

As expected
Would still put it on pe of less than 10
Their hedging has been a disaster last few years and still

[thomasthetank1] 07/4/2016 12:01

Read Liberum’s note on Flybe (FLYB), out this morning, by visiting www.research-tree.com …
“Flybe has confirmed the year to March 2016E has finished in line with expectations. This has come despite a difficult trading environment and slower bookings after the Paris attacks in November. Management's swift move to scale back capacity growth in Q4 appears to have successfully defended the bottom line. However, dollar strength is a headwind for March 2017E and 2018E, despite hedging, and we have cut our forecasts by up to 26% to reflect this. The cut to estimates is disappointing, but mitigated by a better cash performance…”

[jerseyman1] 07/4/2016 09:03

RNS reported as Flybe "will meet market expectations" but share price tanked, maybe due decline in load factor. Looking at RNS it's actually pretty solid apart from USD hit in 2016/17. 17% growth in capacity is massive and hedge book now looks very solid for 2016/17 and H1 2017/18. Lots of hints at cost savings but no quantification. Hopefully the analysts briefing will enable them to interpret the numbers and release new estimates to clarify.Easy got hit yesterday, down 3% for a good set of March passenger stats, albeit with decreased load factor....don't think the market looks beyond simplistic measures such as this until the actual financial results get published. Flybe now has to perform and fill that 17% new capacity, the rest of the hard work re legacy issues and costs appear to have been done.

[bpc10] 07/4/2016 08:56

I'm waiting for sub 50p in a few weeks!! ;-)

[bulltradept] 07/4/2016 08:24

I hope you all bought some today!

[sporazene2] 07/4/2016 08:00

net cash is more like £65m, even still thats a fair chunk of the mc.

lower fuel cost offset by strong dollar. look at statement re- increase in 16/17 operating costs. the purchase of the 3 planes looks to be a response to that by eliminating opex.

[jlo10] 07/4/2016 07:58

That's a positive take on it.
The £7m dollar hit for next year ruins it a bit and may result in revised expectations for next year which won't help share price sentiment.
The expectations for next year look a stretch target as it is, needing big increase in turnover which has not been evident in last half year.
If the cash pile is taken into account in PE calculations then this would mitigate this a bit

[billiam] 07/4/2016 07:53

Disciplined. Like it.
Now we will start to see benefit of lower fuel costs

[debbie_does_dallas_twice] 07/4/2016 07:42

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.

[dahhad] 07/4/2016 07:12

Pity about the dollar. IMO not likely to cause much if any, upward movement!

[kumala] 04/4/2016 11:08

Fingers crossed...tcg up aswell at moment....K