Flybe Share Discussion Threads

[cashandcard] 12/1/2019 22:15

What's up,True, but it's worth a try. Cash

[daler1966] 12/1/2019 22:02

I remember Jersey European, British European ,Jack Walker would turn in his grave ,recent CEOs have failed Flybe .

[whatsup32] 12/1/2019 21:17

cashandcard

I think you may be missing a significant piece of information and that is you as a shareholder are at the end of the line when it comes to getting paid out.

Yes there may be assets worth more then £2.2 mil but there is the small matter of £99 million debt that’s going up every day, every hour , every second

[mhin2] 12/1/2019 21:16

cashandcard, that would mean the bod and all the hangers on and vultures losing their gravy train...what are the chances of that? On a wider note many thousands would be deprived of a necessary and desirable infrastructure and others would lose their jobs and livelihoods impacting on children, other dependents and the local economies. I have much more sympathy for the latter, but I imagine that is the last thing the former care about!

[cashandcard] 12/1/2019 21:09

Shareholders know the company is done for. What they must fight for now is to salvage as much value as they can. My approach would be to get this 'scheme of arrangement' to fail. End non-committed operations, shut the airline down and start an asset sale process. Surely, the assets alone are worth many multiples of £2.2mln. I couldn't care less about saving the airline or seeing it under a different umbrella, as a shareholder I would want to get back every penny even if it means dismantling the whole.Cash

[phillis] 12/1/2019 20:59

Danny

You are correct

[mhin2] 12/1/2019 20:54

Sandcrab, flybe did not need `a quick £100m'...unless something has been held back by the board.

[mhin2] 12/1/2019 20:44

Bray2. I dont think so. I have been reading peoples reactions and to my interpretation its, at best, more like a resignation to the evident shafting of Pi's...not just in Flybe, but generally...albeit there is a lot of anger, and I was angry...but hey ho its the nature not only of AIM but the corporate sector...many incompetent, self serving, colluding, over paid, coalition of interconnected mutual interests of self enrichment. Do you think the FCA, or any of the authorities are interested- there is little evidence of that- and they are part of the game!

[sandcrab2] 12/1/2019 20:38

No there isn't

Unless you feel that the Board were negligent in not whistling up a quick £100m from Natwest to meet the cash drain

[bray2] 12/1/2019 20:14

Is there a general consensus about possible action against Flybe BOD

[whatsup32] 12/1/2019 19:14

QUANTAS

‘Complete airline set up for 1p you’re brain dead’ Minerva

Here are a few U.K. Airlines you could have bought for a penny.
A2B
ABAirlines
Air2000
AirBristol
AirCaledonian
AirEurope
AirScandic
AirEurope
AirScotland
AirWales

And that’s just some A’s from Wikipedia the list is over 200

You lack credibility
You ask people to do their own research, how about you do some before posting

[danny baker] 12/1/2019 19:09

sandcrab, this deal is structured as a scheme of arrangement. 51% doesn't apply. If they don't get 75% of votes in favour then the deal fails. There is no possibility of a minority remaining. Phillis, I am right about Rule 8 disclosures being for holders of 1% of the shares and any of their dealings during the bid situation - even 1 share. These differ totally from the holdings in company TR-1 disclosures that people are more familiar with and where 3% is the threshold before announcing. Rule 8 disclosures are governed by the Panel on Takeovers and Mergers and are designed to inform investors quickly of developments in the market for companies in bid situations. They are also unusual in that they are not based on notifying the company and FCA. To make a Rule 8 disclosure you need to instruct a firm to make the announcement to the market on your behalf. The Stock Exchange RNS service offer the service but I use Business Wire who charge I think about £35 a time for Rule 8 announcements. If the people dealing yesterday play by the rules there should be a flurry of Rule 8s before the Monday 3.30pm deadline.

[qantas] 12/1/2019 18:51

minerve you have got a nerve think you may be brain dead.

Complete airline setup for 1p you are Brain dead.


Please do your own research as always.

[mhin2] 12/1/2019 18:49

Pug, he has been sacked, so he is no longer an employee of Stobart. He can therefore do as he wishes, but as you say he could use it as leverage...He seems like a cool, calculating, ruthless individual (a bit like Branson, despite his public image)

[pugugly] 12/1/2019 18:38

mhin2 - Excellent point and might also help him in his fight with Stobart - Raises an interesting point - as he has been pushed out I suspose it could no longer be considered as a concert party action -?

Any legal beagles got a view?

[t 34] 12/1/2019 18:35

No 1p , long game and higher .

[coscos] 12/1/2019 18:29

Agreed, but not the usual route an entrepreneur makes. Something more is brewing and the mm's know it.

[minerve] 12/1/2019 18:25

This is going for 1p. Sell whilst it is above.

IMO & DYOR

[mhin2] 12/1/2019 18:15

Pug, your comment just provoked a thought, although this might be what you are suggesting. Tinkler owns 7.73% of stobbard, why not buy Flybe shares to ensure the bid goes through...his over 7.73% in stobart will enhance the value of his stobart shares... that makes sense...Tinklers stake in Stob is some £40 million.. In december 27th Stob was at its year low, almost half its year high. I think stobart have a lot to gain from the proposal (ergo tinkler). Thus tinkler is not the saviour, but part of the execution team!

Stobarts shares have gone from £1.402 on Dec 27th to £1.608 on Friday when this proposed stitch up of flybe shareholders was announced

[pugugly] 12/1/2019 18:08

Togglebrush - Thanks for that - Only 40% as at 2nd Jan suggest it could be very very difficult in terms of logistics for the offer to rustle up 75% acceptance by value if Tinkler did not vote his 10% for it, and he might well have taken out some of the II you have listed. .

[pugugly] 12/1/2019 18:03

coccos - As a %age of his wealth not very much and remember HM Revenue will have to pick up 28% of his loss if it is set against a capital gain - Agree probably just a negotiating point.

[togglebrush] 12/1/2019 18:01

FWIW … FT Tearsheet gives
'
Top 10 Institutional Holder_______________________________Shares___ % Held
'
Hosking Partners LLP as of 02 Jan 2019___________________ 40.56m___18.72%
T. Rowe Price International Ltd. as of 02 Jan 2019_______ 12.46m____5.75%
Standard Life Investments Ltd.as of 21 Nov 2018___________10.86m____5.01%
UBS Ltd. (Market Maker) as of 07 Nov 2018__________________6.48m____2.99%
Hargreaves Lansdown Stockbrokers Ltd. as of 02 Oct 2018____5.33m____2.46%
Hargreaves Lansdown Asset Management Ltd.as of 02 Oct 2018_3.31m____1.53%
HSBC Global Asset Management (UK) Ltd.as of 02 Oct 2018____2.37m____1.09%
Dimensional Fund Advisors Ltd.as of 22 Nov 2018____________2.27m____1.05%
Aberforth Partners LLP as of 21 Nov 2018___________________2.10m____0.97%
Excellence Nessuah Mutual Funds Ma Ltd.as of 31 May 2018___1.53m ___0.71%
Total______________________________________________________________40.28%
‘
Shares outstanding 216.66m
Free float_________193.70m
‘
Source FT Tearsheet
'
Make of it what you will

[pugugly] 12/1/2019 18:00

sandcrab2 - Is a 51% allowed on Stock Exchange rules in a bid situation - Somewhere (from memory which may be wrong) I did not think was allowed.