Flybe Share Discussion Threads

[netcurtains] 23/1/2019 16:41

is the 40p bid back on

[mhin2] 23/1/2019 16:38

Conspiracy coming undone

best wishes to long term holders

[whatsup32] 23/1/2019 16:31

What’s that 13k.
Hold the front page

[the_fiddler] 23/1/2019 16:23

200K at 6.5p

You honestly think this is stopping

7 mins of trading left to get under 7p.

[the_fiddler] 23/1/2019 16:22

MMs shofted - here comes 6.8p

[the_fiddler] 23/1/2019 16:21

And there goes 6.6p bye bye

I am telling you FLYB is the easiest AIM money maker this week. Anything under 7p today is going to be 10p tomorrow.

[the_fiddler] 23/1/2019 16:19

57% and its flying. Just watch the buying frenzy in the last 11 mins for a price in under 7p for tomorrows rise.

There goes 6.5p - bye bye.

[mhin2] 23/1/2019 16:18

does seem that the consortium and the flybe bod shenanigans are likely to be exposed

[the_fiddler] 23/1/2019 16:16

You can P&D all you want but the company isn't letting up until this hits double figures it seems. Sometimes you have to risk it for a biscuit. Plenty of 100K trades coming in now.

I guarantee you everyone is going to try to get in under 7p for before the bell goes today.

All in for tomorrow 30-60% rise.

[tialouise] 23/1/2019 16:14

Classic p+d , just watch

[the_fiddler] 23/1/2019 16:14

Carries on like this and it should be back to double digits soon. Looks like everyone is scrambling to get under 7p for the rise tomorrow.

[mhin2] 23/1/2019 16:14

upp. I have no expectations, so low side/high side is not in the equation

[uppompeii] 23/1/2019 16:12

Ah ok. You do seem like you're hurting so all I would say is manage your expectations to the low side. I've been trading for 30 odd years so have suffered likewise. I can only say no redress was ever given. I got over it as will you. But best of luck.

[mhin2] 23/1/2019 16:06

I am hoping for honesty and transparency...not much to ask for...I think Hoskings were asking for the same (transparency). Would also like the conspiracy exposed...Then, of course, compensation

[uppompeii] 23/1/2019 16:04

I'm not sure what you're hoping for if you've sold mhin?

[mhin2] 23/1/2019 16:02

Hpcg "would most likely indicate 1p was a generous offer." really- we dont have the info, nor the options available to flybe and you ignore that HSBC valued Flyb at 17p

[hpcg] 23/1/2019 15:59

Hoskin's major complaint is that the board did not warn the market that FLYB was near insolvent; the false market. It is irrelevant though as the company has no money and one would have to prove some form of conspiracy against the purchasing party to get money from them. This is beyond remote as any post mortem on the financial state would most likely indicate 1p was a generous offer.

At a 1-10 million market cap 100-1000 PIs can be completely dictating the market price in a game of last one standing is the loser.

[mhin2] 23/1/2019 15:58

Need a simultaneous dual RNS- one for injunction, other for EGM, them we are on the road to justice

[once bitten1] 23/1/2019 15:58

My flippant quip re. 11p against all the odds may miraculously transpire

[mhin2] 23/1/2019 15:42

stranger things have happened...and Brady and tinkler seem to have it in for each other!

[minerve] 23/1/2019 15:40

Puff the magic dragon lived by the sea..

[mhin2] 23/1/2019 15:39

Also if the board is removed then new bod (tinkler?) would have access to a lot of documentation to assess a conspiracy and take legal action...bliss

[ajmace] 23/1/2019 15:38

At last I found this from 4 days agoFlybe's biggest shareholder has launched a stunning attack on its directors, accusing them of breaching their duties to investors and threatening a legal challenge to the cut-price takeover of one of Britain's best-known airlines.Sky News has learnt that Hosking Partners, a prominent London-based asset manager which holds a stake of close to 19% in Flybe, has instructed lawyers to explore its options in relation to the company's proposed sale to a consortium? led by Virgin Atlantic Airways .These options could include attempting to obtain an injunction prohibiting the deal from being completed, Hosking Partners is understood to have warned Flybe's bosses this week.The initial 1p-a-share deal, announced eight days ago, came at a huge discount to the airline's prevailing share price and underscored its industry's profound financial challenges.In a letter to the directors of Flybe, details of which have been relayed to Sky News, Hosking Partners is understood to have expressed concern that they had allowed a false market in the company's shares to develop by failing to update the City on its financial position in a timely fashion.?The fund manager, a long-standing shareholder in Flybe, is understood to have copied its ?letter to City watchdogs including the Takeover Panel, which polices mergers and ?acquisitions activity, and the Financial Conduct Authority.Hosking Partners is said to have raised doubts as to whether the £2.2m offer reflected the intrinsic value of Flybe, and alleged that the handling of its proposed sale had blocked a rival offer from emerging at a higher price.Flybe's fate took a further twist this week when it said that its sale to Connect Airways - a consortium comprising Virgin Atlantic, Stobart Group and Cyrus Capital Partners,? an investment fund with links to the other two parties - would be restructured.?Instead of simply comprising a conventional offer for the shares, Flybe's trading assets would be sold next month to Connect Airways for £2.8m, leaving the holding company as? a shell for which ?the consortium would continue to pay a nominal sum.Flybe said this change had been necessitated by its urgent need for liquidity - a claim challenged by Hosking Partners because of the company's cash balance and ability to raise funds from the sale of assets such as its take-off and landing slots at London Gatwick Airport.In a statement to the market on Tuesday, Flybe said it had had no alternative but to agree to the revisions because unspecified conditions attached to a bridging loan had not been met.Hosking and other shareholders are said to be furious about the restructuring of the takeover because Flybe's recent switch from a premium to a standard listing on the London market meant investor approval was now only required for the holding company bid, not the sale of the airline's assets.The fund manager is understood to have told Flybe directors that other parties remained interested in acquiring the airline but would now be unable to make an offer.At the 1p-a-share offer price, Hosking Partners' stake is worth roughly £400,000.If it escalates, the row could pose significant reputational risks to the board of Flybe, which is chaired by Simon Laffin, a City grandee who has served as a director of companies including Mitchells & Butlers (LSE: MAB.L - news) , Northern Rock and Safeway.Investors' anger has been exacerbated by the fact that early last year, Stobart made a takeover approach to Flybe understood to have been valued at roughly 40p-a-share.This was rejected by Flybe's board.In a further development, Sky News revealed last week that Stobart's estranged former chief executive, Andrew Tinkler, had himself swooped to snap up a stake of more than 10%? in Flybe.Until as recently as this month, it appeared that Virgin Atlantic and Stobart were ?likely to table competing offers for the regional airline, before it emerged that they had teamed up as part of the same consortium.Hosking is understood to have raised concerns in its letter about the process through which they were permitted to form an alliance, although one source close to Flybe said that it had not breached any undertakings by doing so.The investor is also said to have highlighted the rise in Stobart Group's share price following confirmation of the 1p-a-share bid as evidence of "value transfer" from Flybe to one of its acquirers, according to a City source.

[tonysss13] 23/1/2019 15:37

how will litigation help the share price? who is going to cover FLYB's operating & legal costs while an injunction is in place?