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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 0.0% 0.964 0.964 0.99 0.00 0.00 - 0.00 01:00:00
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Travel & Leisure 752.6 -9.4 -4.5 - 2

Flybe Share Discussion Threads

Showing 15976 to 16000 of 16750 messages
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DateSubjectAuthorDiscuss
29/1/2019
13:17
After a 9.0% reduction in capacity, Group revenue fell by 2.4% to £409.2m (H1 2017/18: £419.2m) although total revenue per seat ('RPS') increased by 7.2%. · Adjusted profit before tax1 increased to £14.0m (H1 2017/18: £9.4m). Excluding the impact of the E195 onerous lease, the adjusted profit before tax of £9.9m (H1 2017/18: £9.2m) is slightly ahead of guidance given in the October trading update. · Profit before and after tax reduced to £7.4m (H1 2017/18: £16.1m) reflecting £6.6m of non-cash revaluation losses on USD aircraft loans (H1 2017/18: gains of £6.7m). · Net assets increased to £118.6m (31st March 2018: £91.5m) reflecting improved hedging gains given adverse sterling and fuel price movements and a lower pension deficit. · Net debt increased to £82.1m including £70.6m cash (31st March 2018: £59.1m including £95.0m cash) reflecting the seasonality of cash and adverse sterling movements. · Q3 is showing a positive improvement with 63% of seats sold (Q3 2017/18: 59%).
mhin2
29/1/2019
13:15
Jak, not a company at risk of imminent collapse, but if shaky accounting and BOD mis-reporting surely has to support Hoskings argument of a false market? and of course the removal of the board
mhin2
29/1/2019
13:09
mhin2, "thats why the company in the last trading statement said it was turning things round and made a post tax profit..." Are we looking at a different trading statement? From 14 November: Net cash outflow from operating activities £(15.2)m Seat capacity (thousand) change: (9.0)% Passenger yield (£) change: (2.3)% Profit after tax £7.4m ... .... but note the huge discrepancy between cash profits and reported profits ... there's some skanky accounting going on there! see: Https://www.investegate.co.uk/flybe-group-plc/rns/2018-19-half-year-results/201811140700032614H/ These are not the accounts of a well / well-run company. JakNife
jaknife
29/1/2019
13:06
Maintenance is not an option, it’s mandatory. Engine maintenance 100hr , fuselage, landing gear , all carried out by qualified engineers on that particular type of aircraft. If you have 80+ aircraft you can be sure maintenance hanger is packed.
whatsup32
29/1/2019
12:59
Loganair. I thought I was filtered? Anyway, yes of course POO and exchange rates are not all, but they were reducing costs elsewhere and Flybe had/have their own maintenance and engineering division, which if I am not mistaken they wanted to expand by taking Monarchs staff...all very strange
mhin2
29/1/2019
12:56
Flybe's last trading statment was an overly cheerful and optimistic out look which looking back at how the airline has been run over the past 20 years by its management I for one did not believe. mhin2 - have you any idea of what the cost of maintanence is of such a large fleet of aircraft? Usually an airline counts 1/5th of their costs to be spent on maintanence which has very little to do with the price of oil or pound against the dollar exchange rate.
loganair
29/1/2019
12:49
JakNike, thats why the company in the last trading statement said it was turning things round and made a post tax profit...but I agree- a change of management needed now we are in a lower POO environment and pound strengthening against the dollar
mhin2
29/1/2019
12:47
mhin2, "Seems to me many do not realise that the liquidity issue seems to have been just that a short term liquidity crises caused by card acquirers.." But as I look back at FLYB's track record it's been loss-making nearly every year that it's been listed. That's not a short-term thing, that's a long term useless management / poor business model thing. JakNife
jaknife
29/1/2019
12:35
Leave it to the big boys and their accountants/lawyers ...and down stob goes again...Just need to to go below the Cryrus injection of funds at £1.50 a share and game on...
mhin2
29/1/2019
12:31
Flybe also has a pension deficit which Connect Airways is also going to make extra payments into, to sure up.
loganair
29/1/2019
12:30
Flybe were reported to hold £57m in free cash, and have the lowest broker valuation (HSBC) value them at 17p per share...The loss per hour was one reporters estimation, and I am not sure if this included money held back by card acquirers (so it would have been a cash outflow, rather than a loss as such). Many companies have pension deficits, and judging by the figures given in the documentation supporting the 1p offer, the deficit didn't seem massive to me.
mhin2
29/1/2019
12:29
Stob normally bounces back, it doesn't look like its going to happen today...but who knows (except those on the inside)
mhin2
29/1/2019
12:29
Flybe were reported to be losing £7,000 per hour or around £160,000 a day or around £5mln per month and this is why the credit card issuers where with holding money paid for flight tickets.
loganair
29/1/2019
12:25
Seems to me many do not realise that the liquidity issue seems to have been just that a short term liquidity crises caused by card acquirers...would be good to know what the options were/could have been, and why the acquirers behaved the way they did. Also was this situation so bad that the BOD would allow the CONsortium to take so much of Flybe value...Hoskings seem to have a view...leave it to the big boys.
mhin2
29/1/2019
12:22
Flybe could not have waited any longer, they already had to sale and lease back a hanger at Exeter airport and one of their aircraft just to raise quick cash to keep them a float over the Christmas and New Year period. Then almost immediately needed a further £10mln cash inject from Connect Airways to keep Flybe a float for just one further month until the take over goes through. It seems to me that many posters on this thread do not realise just how short of cash Flybe are/were and how very close to collapse they are/were.
loganair
29/1/2019
12:22
Flybe Hammering up. Please do your own research as always.
qantas
29/1/2019
12:18
Jak, thats why support Hoskins and the appointment of Kohn...also lets see if other interested parties who were excluded from the process `early on' have anything to say. We just don't know enough, and most/if not all of us do not trust the incumbent Board.
mhin2
29/1/2019
12:17
Had other Airlines been interested in Flybe would they not have shown their hand even at this very late stage. There is no other interested party. If there were the Board and/or the interested party would have made an announcement.
whatsup32
29/1/2019
12:14
mhin2, "I imagine there were many options/possibilities..." In a court you would have to demonstrate actual alternative options rather than imaginary ones. JakNife
jaknife
29/1/2019
12:12
Jak, I dont think they were allowed to emerge...look at what the BOD published about the bidding process...It would have been good to explore them...I imagine there were many options/possibilities...I would like Hoskings to be able to appoint Kohn, then we might see what happened and what possibilities were negated/overlooked, and (most importantly) why. Stob share price just not being able to hold its own...I wonder why?
mhin2
29/1/2019
12:10
Which other airline would have be able to take over Flybe? IAG - Would only have wanted the LHR slots, which they would have had to give away for free to another airline. Easyjet - With Flybe would have had over 60% of the UK domestic market. Stobart - Could not have gone it alone, with out othet parties being involved with them.
loganair
29/1/2019
12:09
mhin2, "answer to whats up easy...had there not been a conspiracy to circumvent all possible options what would have happened." What do think the other "options" were please? JakNife
jaknife
29/1/2019
12:05
answer to whats up easy...had there not been a conspiracy to circumvent all possible options what would have happened. At the moment we have no access/ability to scrutinize the financial state of Flybe when the strategic review took place, only the statements of accounts by the Bod, which led to HSBC valuing company at 17p. A bit of a non-sequitur to the Hoskings argument/scepticism
mhin2
29/1/2019
11:59
For those who see value here regardless of the fact the shares are trading at 4 x the offer from consortium ask your self this question. What would have happened to Flybe had the consortium not injected an urgent £10 million with a follow up £10m.
whatsup32
29/1/2019
11:56
I prefer the scots version But, Mousie, thou art no thy-lane, In proving foresight may be vain; The best-laid schemes o' mice an' men Gang aft agley, An' lea'e us nought but grief an' pain, For promis'd joy! Still thou art blest, compar'd wi' me The present only toucheth thee: But, Och! I backward cast my e'e. On prospects drear! An' forward, tho' I canna see, I guess an' fear![5]
mhin2
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