Flybe Share Discussion Threads

[wanttowin] 14/1/2019 16:00

Am I not correct in thinking that they could buy at 4p, but would then have to make another increased take over offer, matching 4p or more ?

[phillis] 14/1/2019 15:54

They can't buy at above 1p
Basic

[dubian99] 14/1/2019 15:47

They can't buy at 4p indicating a contradictory value, can they?

[togglebrush] 14/1/2019 15:43

Deadline of 3.30 pm has come and gone for reference see
'
Danny Baker - 14 Jan 2019 - 09:03:10 - 8739 of 8768
FLYBE – turbulence over – but keep your seatbelts on - FLYB
T34 the deadline for Rule 8.3 disclosures is 3.30 this afternoon
'
Total Trading volume so far just under 40 million shares in about 1,100 trades

[wanttowin] 14/1/2019 15:40

my thoughts exactly, this is so being worked. Just why are we at 4p? Must be buyers to keep us up, is it Vir/Sto to gain the the extra votes or another bidder (Tinkler) building a position? Or perhaps II's sucking in PI's before the 1p deal happens?
Management have not an iota of concern for shareholders, pigs at the trough again.
Absolutely disgraceful,

[gilesy911] 14/1/2019 15:37

Someone just spent 20000

[minerve] 14/1/2019 13:36

advfn

I'm not in. Never have been. I'm invested in Stobart. Take what you have. This is no longer an investment. Just a gamble that I see will end at 1P.

IMHO & DYOR

[mhin2] 14/1/2019 13:36

I am hoping the deal gets rejected, but I think Tinkler will vote it through..that seems the most likely strategy...I hope not

[advfn137] 14/1/2019 13:34

U still in?What are you hoping for?

[mhin2] 14/1/2019 13:31

advfn...too much...the board should never have recommended the offer. However, I await to see their results...if bad, then a lot has substantially changed since Nov.

T. Rowe now completely out...

[minerve] 14/1/2019 13:31

advfn137

It seems like you are struggling to come to terms with this fall in share price Rescue the value you have left because this has a very high, almost certain, chance of going to 1P.

IMHO & DYOR

[advfn137] 14/1/2019 13:28

How much has everyone lost on this?:(

[minerve] 14/1/2019 13:24

I agree with Phillis. I think a board position is being sought.

You don't really need vision to see this opportunity.

I guess Mr Tinkler feels he has extraordinary vision. LOL

[phillis] 14/1/2019 13:16

as I said before, he just wants to be let in on the deal
it was his idea after all

[coscos] 14/1/2019 13:11

Keep buying, Tinkler see's far more value than what's being offered. Think we're looking at 10p minimum if not more. Glad I didn't sell on the news.

[loganair] 14/1/2019 12:48

In a statement released today, Mr Tinkler said: “My investment in Flybe has nothing to do with the ongoing dispute with Stobart Group board.

"It is purely an investment decision.

"Flybe is an important part of the UK economy, particularly helping to connect regional businesses and consumers outside London.

"I have huge faith in the potential of this business if it is provided with the right balance sheet structure and stakeholder support.

"I remain a significant shareholder in Stobart Group and will continue to work for the best outcome for all shareholders.”

The new company that will also comprise the Stobart Air franchise operation.

Stobart Group walked away from a bid for Flybe in March after the two firms failed to agree terms.

Flybe has 78 planes operating from smaller airports including London City, Southampton and Norwich, and flies to destinations across the UK and Europe.

It carries around eight million passengers a year.

The new deal will see Virgin Atlantic operate the network of regional flights provided by a combination of Flybe and Stobart Air.

It is believed Stobart is contributing the assets of Stobart Air rather than any cash in exchange for its stake.

Warwick Brady, Stobart Group chief executive, said: "The board of Stobart Group believes that bringing Stobart Air together with Flybe and partnering with Virgin Atlantic and Cyrus Capital is the best way for us to play an active role in UK regional flying.

"It will allow us to continue to work with Flybe and provides an excellent opportunity to continue to grow passenger numbers at London Southend Airport."

Stobart Group plans to open Carlisle airport to commercial planes this year. Launch dates for the new services, which will fly to Southend, Dublin and Belfast, were postponed last year after a shortage of air traffic controllers

[dubian99] 14/1/2019 12:33

Anyone know what the 6p-3p blx open was about

[clocktower] 14/1/2019 12:10

Problem he has is to get hold of sufficient that he will not have to bid above his highest price paid for stock - there should be enough sellers to enable it but where do loyalties lie.

A link with the Blue Island owner maybe?

[danny baker] 14/1/2019 11:48

Well there's Tinkler's Rule 8.3 with 26.5 million shares and 12.25% - halfway to blocking the 1p deal.

[clocktower] 14/1/2019 11:41

Is Blue Islands still independently owned?
Blue Islands remains independently owned by Chairman Derek Coates, who's other businesses include Healthspan - the UK's number one supplier of vitamins and supplements, together with the four star Fermain Valley and the boutique Ziggurat hotels in Guernsey as well as the Braye Beach hotel in Alderney.

[loganair] 14/1/2019 11:19

I think this selling of the slots is for 2 reasons:

1. Virgin's way to placate British Airways into not bidding for Flybe, therefore putting up the price for Virgin.

2. Flybe is so short of cash, this cash will be used to keep Flybe in the air until the Virgin take over has gone through.