Flybe Share Discussion Threads

[sandoval] 27/2/2018 14:08

Edit: integration

[sandoval] 27/2/2018 14:08

The last job Ian Milne had at BA was director of interogation. Now, after only a few months at Flybe we have this . Coincidence ?

[netcurtains] 27/2/2018 13:53

I keep thinking Wizz Air.

10th largest EU airline (WIZZ) joins with 18th largest (Flybe) to create new top 5.....

[toffeeman] 27/2/2018 13:43

If Stobart do decide to bid then:

1. It will be part of a bigger deal involving CityJet
2. They will get agreement from the major shareholders before they commit.

[bantam175] 27/2/2018 13:18

I don't think Stobart would come in low as that would be likely to attract other sharks to the feast. I don't imagine they would be keen on a bidding war.

Somewhere around the 70p mark would be my guess.

Time will tell as always

[s34icknote] 27/2/2018 13:08

If stobart don't cut a deal now at a decent price then they might have to pay twice as much in twelve months time ! Me thinks 60/ 70p would clinch it or around 150 million ! 70 p is 100 percent premium to closing price before bid .I think there's a good chance we would get to that in the next twelve months . If stobart fail another company could step in and the opportunity has goneAccounts show 15 miilion prevtax profit at half way stage . Sicknote N a I

[netcurtains] 27/2/2018 12:50

£1 is definitely on the cards if any offer is rejected and the airline continues to recover at a reasonable pace. However 60p/80p 'bird in the hand' might be taken

[sporazene2] 27/2/2018 12:13

dahhad - i think there is little/no chance of £1, despite the positive signs from the most recent IMS.

[jerseyman1] 27/2/2018 12:09

Shares are tightly held and have had several periods of decline in recent months,!from already low base, as reluctant holders exited this illiquid stock. I guess that until a bid materialises, or not, the major holders will be sitting on their hands, so any increase in buying will prompt significant rise in share price due shortage of available shares. My speculation only, but it seems logical.

[dahhad] 27/2/2018 12:01

The purchase price for the institutions is frequently irrelevant in troubled business situations. I think you would find that they have made big provisions against the 110p figure and, having taken the hit, they will judge the offer, if it comes, against the lower price after the provision rather than the original price. Hope I am wrong but £1 seems on the high side to me. Still, fingers crossed.Can Stobart build up its stake during the next 3 weeks before making an offer? If so would we expect to see an increase in the share price as an indication that an offer will be made by 22nd March?

[sporazene2] 27/2/2018 11:49

agreed, toffeeman. aberforth, rowe and pelham all had substaintial holdings in the 2015/16 annual report so came in via the IPO or 110p fundraising,

[toffeeman] 27/2/2018 11:40

The institutions which are long term holders are out to minimise losses and the new ones are in for a quick turn.

They will be talking to Stobart to tell them what they want in order to support a deal and as and when they agree a price - then that's it.

[jerseyman1] 27/2/2018 11:29

Chaps, it's all down to how the four biggest shareholders view the way forward, either Stobart if they offer or stick independent and allow business to develop as the latest shape of turnaround becomes more certain.We can all spout about a bid relative to our own break even points but it's pointless as the shares are so tightly held by a small group of institutions who will only care about their own positions!Frustrating.

[kumala] 27/2/2018 10:57

Agree also. Circa 60p is cheap, to cheap flybe has the potential of a much higher valuation. From a personal stance if it does go then for me to B/E the share price needs to be far higher. Either way i see me taking a hit here....GLAK

[mill5ey] 27/2/2018 04:15

I agree with many punters on the relatively low and therefore inappropriate speculative valuation of 60p. I need something higher than that to recoup my investment, I've held the faith with Flybe when I should probably have dumped it at junk price and taken the hit but there was (and still is) enough here to make me believe that Flybe could again march to £2+

[netcurtains] 26/2/2018 19:19

So perhaps Eddie already has about 12%?

[jerseyman1] 26/2/2018 19:00

Thought Threadneedle had some reasonable holding too, but maybe sold as well

[toffeeman] 26/2/2018 18:42

UBS are out (as far as I can see) presumably sold their holding to some of the above.

[sporazene2] 26/2/2018 18:15

Toffeeman - you're missing UBS. they had about 7% from memory in the their most recent disclosure

[toffeeman] 26/2/2018 16:11

These guys will decide the future:


Aberforth 25
Hosking 17
Pelham 8
T Rowe 8
Threadneedle 5

5 Investors 63

[toffeeman] 26/2/2018 16:04

Aberforth bought another 10% since Jan

Aberforth Partners LLP 32,803,679 15.25% 01/31/2018

[sporazene2] 26/2/2018 16:00

hoskins and aberforth increasing their holdings by the look of things

[toffeeman] 26/2/2018 15:53

Toffeeman reiterates: 44p is key level.

March, August and October 2017, it proved resistance now it needs to become support.

[s34icknote] 26/2/2018 15:25

Four 100 k buys !I topped up three times this morning !Sicknote