Flybe Share Discussion Threads

[phillis] 12/1/2019 08:06

Flybe was obviously close to insolvency and presumably were advised that raising extra funds would be impossible

[advfn137] 12/1/2019 07:39

Someone posted all the major shareholders and their holdings on on here.Cant find it. Can someone repostThanks

[qantas] 11/1/2019 22:38

You could not get one slot for 1p

They are just trying it on IAG will won't it

BE have Heathrow slots and they are like gold dust

Flybe is a whole amazing network reservation call Centers and is already linked onto BA.

Sit tight and wait for V2


Please do your own research as always

[danny baker] 11/1/2019 22:38

What I don't understand is why AT would buy 10% of Flybe at 3p only to accept an offer at 1p as has been suggested. I had suspected AT's involvement in today's crazy share buying but had been reticent to post here about it. He is good mates with Philip Day of Edinburgh Woollen Mill so I don't doubt he could raise the financial backing to take on Flybe's operations in some form. The Virgin 1p a share offer is like Mrs May's Brexit plan - doomed to failure but at the moment no-one knows what will replace it. I think today's share volume of 175 million shares out of 216.6 million must be some sort of record after a bid announcement.

[t 34] 11/1/2019 22:32

Or Tinkler Wings .

[loganair] 11/1/2019 22:30

I think the best name for the new airline will be either Virgin Link or Virgin Connect.

[loganair] 11/1/2019 22:21

For those who are still struggling to understand why Flybe is being bought for 1p per share.

Except for making a small profit in one year, Flybe has always been operating at a loss.

Flybe needed to sell £10mln worth of assets just to keep themselves going over the winter period.

The new buyers are needing to inject £100mln into Flybe, where would Flybe get this sort of money from if they had tried to keep going on their own.

I think the difference on the amount of debt is that the higher figure also includes such items as lease liabilities and pension deficit.

[t 34] 11/1/2019 22:19

170 mln. shares were traded today within the whole issue of 216 mln . We already know about Tinkler 10% . What about the rest ???

[therealapplegarth] 11/1/2019 22:19

Me and the lads in the pub now laughing at all the muggy punters on this board tonight! We'd love to see your faces. Cheers and here's to 1p on Monday! "I'll drink to that"

[t 34] 11/1/2019 22:10

Ohhhhhh 10p , dream would come true .

[barnetpeter] 11/1/2019 22:07

hxxps://news.sky.com/story/tinkler-stokes-stobart-war-with-raid-on-flybe-shares-11605107


10 per cent taken.....rival bid on the way? A front man? 10 pence on Monday as punters pile in???

[bray2] 11/1/2019 22:04

It's not the bid that will put off perspective bids it's the cash required to keep it afloat Flybe had over £100m raised by the previous ceo and it's all gone and the trading Platform, fuel and exchange rates are all very different.

[porsche1945] 11/1/2019 22:00

Down 70 per cent, has Woodford bought in to scatter his magic.

[mhin2] 11/1/2019 21:46

enturner. I think

a. the consortium know the 1p bid will be rejected (thus a higher offer will be necessary if the consortium wants to buy)

b. there is another interested party we don't know about

c. the price was raised on the basis of a. and b. to let ii's out

d. Tinkler and the Amber Crystal fund know something we don't (other than that this was a derisory offer)

e .b. and d. may be related


If anybody can add that would be appreciated. I should add that I no longer hold any shares in Flybe, but am interested in the practices and process of this mad/insider/shark infested opportunistic world that pretends to attribute a notion of `value'

[mhin2] 11/1/2019 21:38

I was going to say that the upside is the board members will never get employed again ...but then my `voice' said...`...of course they will'...

`geez a job...` :)

[niceyman1] 11/1/2019 21:37

Tinkler wouldn,t have brought at a premium if he didn,t expect a rival bid!
Lets see Monday!

[enturner] 11/1/2019 21:33

So if the offer is only 1p per share why is this trading at a multiple? Could someone more knowledgeable than me please explain.

[barvin] 11/1/2019 21:27

Same probably applies to AIM too

[whatsup32] 11/1/2019 21:23

sandcrab2 . Where are you getting this £500 million borrowing from. You’ve repeated that a few times.

FT article today had it at £99 million

[sandcrab2] 11/1/2019 21:19

The cash crunch happened because the card companies demanded cash collateral

The company already had £500m of borrowings

Blame previous management for this debt profile

[mbmiah] 11/1/2019 21:18

How can any board recommend such an offer to their shareholders. Unbelievable.

[minerve] 11/1/2019 20:53

Barvin commented:

"Can't remember or find where I read it, may have been a US article. But it collated all the investment and profit/losses in airlines since they started and the final conclusion was that a profit had never been made in the airline industry when all put together."

That's why Buffett never touched airlines for decades. Somehow he had a change of mind. I think his original view was correct.

[mhin2] 11/1/2019 20:48

Flybe (mis)management have already started to institute their strategy (see gatwick slots eg) before they have got shareholder approval for the silly deal they have recommended. The company must have (unreported) extreme problems, and they must think they are long term (after all if was a cash flow issue they could have raised funds). From my, admittedly amateur position, if most seats are sold online (revenue) and you know your outgoings then cashflow ought to be known, add in operating and corporate costs then you should know how you are doing, and what action to take (including reducing or deferring Senior management salaries). If this is not an utter failure of management I dont know what is `...go on geez a job..'. As it stands Management think that the Flybe opertion is unsustainable...or to put it another way...they do not feel competent to manage it!