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FLYB Flybe Grp

0.964
0.00 (0.00%)
Last Updated: 00:00:00
Delayed by 15 minutes
Share Name Share Symbol Market Type Share ISIN Share Description
Flybe Grp LSE:FLYB London Ordinary Share GB00B4QMVR10 ORD 1P
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  0.00 0.00% 0.964 0.964 0.99 - 0.00 00:00:00
Industry Sector Turnover Profit EPS - Basic PE Ratio Market Cap
0 0 N/A 0

Flybe Share Discussion Threads

Showing 10976 to 10998 of 16775 messages
Chat Pages: Latest  443  442  441  440  439  438  437  436  435  434  433  432  Older
DateSubjectAuthorDiscuss
04/9/2018
18:40
Thanks Toffeeman, can't be bothered to be honest, but each to their own....
jerseyman1
04/9/2018
17:00
Jersey

click on ronwilkes and you will see that all s/he does is filter :)

toffeeman
04/9/2018
16:13
Personal taste I guess, but I liked the last version...very distinctive, especially when sitting at airports amongst the majority of white aircraft liveries. This new one isn’t bad though...just hope they spruce up the interiors as well as exteriors!
el8ted
04/9/2018
16:10
"I think it’s much better very clean"

I think it will require a lot more cleaning - white base for an aircraft - not smart.

toffeeman
04/9/2018
15:50
Jersey man filtered
ronwilkes123
04/9/2018
15:49
Just seen it. I liked the original pale blue but thought the last purple horror was vile. Think this one is clean and fresh and retains purple which is now their brand colour. Good job......just need to reveal some decent progress at the AGM
jerseyman1
04/9/2018
15:44
I think it's much better very clean and professional.
bray2
04/9/2018
15:05
Flybe have unveiled their new livery. Erm, underwhelming and bland to say the least.
mreasygoing
04/9/2018
08:02
flybe trades... As you can see interest in selling or buying has tailed off. Its as if share in wait state for next development. Huge trade in middle of August then nothing much since.
netcurtains
30/8/2018
15:25
tight spread.
netcurtains
29/8/2018
12:40
from Anna.aero

"British Airways is not surprisingly London’s top airline, having major bases at Heathrow and Gatwick, along with operations from City and Stansted. Overall BA will grow its seat capacity by 1.6% this year. However, carrier’s further down the rankings are growing much faster. Wizz Air is the fourth largest airline serving London, with it increasing its seat offering from the UK capital by over 21% this year, while Norwegian will overtake Virgin Atlantic Airways in 2018 to become London’s fifth largest airline, a result of it increasing its capacity by over 19%. The fastest-growing airline in the top 20 however is Flybe, with it reporting a 29% increase in seats to London. What is interesting to note is that four of the top five airlines serving London do not fly from Heathrow, with only Gatwick able to claim that it is served by London’s top five carriers. Heathrow and City can only account for BA, Luton and Stansted have three airlines each, while Southend at the moment is only served by easyJet, however that will change when Ryanair opens a three-aircraft base at the airport in April next year.
London's top airlines

phillis
28/8/2018
09:17
I think you will find - if you look a little more closely - that they are doing this already
phillis
27/8/2018
12:10
Short term strategy to give the necessary time to reduce costs, ie; reduction in fleet and associated leases, which won’t be completed until 2020. Then this business will produce plenty of cash.

I would add that in the intervening years, other cost reductions could be implemented, such as HO functions, if a larger, we’ll establish operation took over...leading to increased profitability.

el8ted
27/8/2018
11:44
e18
what is the point of gearing up the balance sheet further when the business doesnt produce cash
it would be a faster road to insolvency

phillis
25/8/2018
10:33
The bit I disagree with is that the business has improved since February. When the bid was first mooted Flybe was forecast to deliver £10m loss FY18 and £1m profit FY19. FY18 actually came in at £19m loss, and forecast is £3m loss FY19 - a number I think they will struggle to hit. Book value per share has fallen from 70p to 43p since February and will fall further with this year's losses. Originally I thought Flybe would get bought out at a premium for the assets if they didn't manage to generate decent net income, yet the drop in book value makes that look unlikely now too.
dangersimpson2
24/8/2018
18:55
I don't think too much can be read into the shape or quantum of the non bid by Stobart last time. It must have been severely influenced by Andrew Tinkler who apparently and allegedly for his own purposes was using independent Stobart Capital as the bid vehicle. I have seen 50p in paper quoted on here as being the putative price that was rejected. But as there was no bid then no documents have been published showing that. The actual cost to Stobart of that "bid" would have been much higher due to the flip that Tinkler allegedly appeared to be planning to undertake with his vehicle Stobart Capital benefitting from the arbitrage. So, if Stobart return it should be at a price higher than previously allegedly (not) offered, due improvements in Flybe business since February, a clean bid meaning Stobart are not being diluted by a middle man, Stobart publicly saying they are wanting to expand their aviation interests, and the pace of consolidation in the regional European airline sector gathering pace as evidenced by CityJet's antics with Nostrum and Sterling etc.Or maybe they won't come back and someone else does! Or not! Who knows?
jerseyman1
24/8/2018
18:01
Any new owner could always gear the balance sheet further, particularly if they had a track record in squeezing assets. Flybe, under various management teams, always seems to struggle in this area. Perhaps the critical mass simply isn’t achievable in this size of operation?

I maintain there could be other suitors out there...some with deeper pockets abs more cash to throw around. This could be the preferred option, especially with an established, bigger operator with HO functions able to take control of Flybe and cut costs that way.

el8ted
24/8/2018
17:39
Agreed the load factor is finally heading in the right direction and maybe Stobart could actually cut costs which the current board have been unable to do despite the capacity reductions.

However the short term cost increases mean that any acquirer will need to put more cash into the business to run it effectively and if Stobart didn't have the cash for a 50p offer back in March then they won't have the cash for that plus the further investment into the business that will be required. Stobart are selling assets to maintain the dividend which is uncovered over the next few years. Would you want 50p/share in Stobart equity at the moment?

dangersimpson2
24/8/2018
17:09
Interesting that there will be no update. Would have thought the board would have liked to communicate with investors etc as often as possible.

Not sure I’d rule out Stobart having another look just too quickly. Remember there have been significant disturbances within their company structure and they do have an appetite to expand. In addition, I wouldn’t take such a negative view on the last set of results, particularly given the yield improvements as the fleet reduces in size. This of course will continue.

el8ted
24/8/2018
16:59
there will be no update at the AGM. next update at the interims, this was confirmed to me a couple of weeks ago.
sporazene2
24/8/2018
16:29
Yes you are right, my mistake, forgot that there was no formal offer for the board to reject.

That weakens the argument that they will return though IMO.

dangersimpson2
24/8/2018
16:05
Dangersimpson, no offer was made. Stobart were considering one, as announced on 22.2.18. and that ceased on 22.3.18. again detailed in an RNS. In this circumstance it's section 2.8 of the Takeover Code that applies and bars any further discussion for six, not twelve, months. If there had been a bid it would be twelve months.Hope this is clear
jerseyman1
24/8/2018
15:29
Small correction - Under Rule 35 of the Takeover Code it is a 12 months' restriction not 6. Given their bid was believed to be c.50p, not in cash and since then profit expectations have deteriorated then if they are back in a year's time I'm not convinced it will be at a price shareholders will accept.

Not sure Flybe will issue a trading statement at the AGM either. Last year the AGM was in July so coincided with the Q1 trading update but they have already issued that. September would be too soon to issue the H1 trading update which is likely to be mid-October.

If anyone is going to the AGM though it would be interesting to hear what their plan is to hit their numbers this year. In the recent Times article Ourmières-Widener claims the company is “sustainable” and on track to break even this year. “Our business plan is showing that we can deliver against the market’s expectation.”

Recently the broker consensus has dropped slightly to £2.69m loss. Historically H1 has been the strongest half and they would usually need to report a decent profit in H1 to hit this consensus. But given the numbers from Q1 I would expect that quarter to be quite significantly loss-making and I struggle to see how they could cut costs sufficiently in Q2 despite this being their strongest quarter to generate a profit.

Might be a difficult question to ask straight up but how they answer it will probably indicate a lot. If they give clear details of the management actions they are taking to reduce costs it would give some confidence that they are on it. However if they are evasive or give general platitudes then I think they may be on for a miss.

dangersimpson2
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