Flybe Share Discussion Threads

[t 34] 05/2/2019 16:36

The Times today reports that flybe has slots in Schiphoff Amsterdam worth millions.

[cleverinvestor] 05/2/2019 14:50

RuralJungle

Oh dear! valid point/observation. Something for the opposition lawyers to maul over

[whatsup32] 05/2/2019 13:37

Half a penny is nearly 15%

Welcome to the world of penny shares .

Hardly any shares trading now

[phillis] 05/2/2019 11:41

nothing

(and PS go back to where you came from -yesterday )

[ruraljungle] 05/2/2019 11:01

I'm new to the discussion board, but have been following the Flybe debacle for some weeks as a shareholder. In trying to understand the timeline of events, I note from the Disclosure Table of the Takeover Panel that there is an entry dated 14 November for Flybe as Offeree, with the Connect Airways Ltd consortium as Offeror identified on 23 November. But according to Companies House, Connect Airways Ltd wasn't incorporated until 18 December. What does this mean in relation to the legality of the offer made for Flybe? Indeed the only relevant RNS issued by the BOD on 23 November was to identify Virgin as one of the parties involved in the negotiations, which could easily be interpreted as Virgin being one of a group of interested parties and not necessarily being part of a consortium. Something amiss here…..

[mhin2] 04/2/2019 23:10

There is no guarantee that this sale will go through (as Tinkler intimated by saying he is ready if the sale falls through). Even if it goes through and Laffin is replaced by Kohn, the access to the evidence of the (very likely) conspiracy could lead to litigation. Now, if I was a conspirator, and there was the likelihood it would get exposed what would I do? (has Tinkler not placed himself on a possible failure of the `deal', whilst Hoskings have intimated that all was not above board).

Is it me that is misreading what is happening, or others that are panicking that it could happen (because they are short, or in stob, which could be badly/severely stung).

Perhaps I am delusional.

[whatsup32] 04/2/2019 22:11

You can be friendly to regular passengers by having memberships with point advantages (as with other airlines). But to charge some charge and not others isn’t a smart idea as you allow agents to discriminate.

[loganair] 04/2/2019 21:20

whatsup32 - Not very friendly towards the airlines regular passengers.

[whatsup32] 04/2/2019 18:12

I would add Delta to your list. Not sure why people complain so much , the sizes and weight restrictions are there in print. The fact that so many passengers got away without paying shows how friendly Flybe was and they took advantage of that. Hence need to be strict.

[loganair] 04/2/2019 17:32

Once fully taken over by Connect Airways, Flybe will need to change the size of cabin baggage they allow to the same as Virgin and KLM/Air France so passengers can easily connect onto and off these airlines to Flybe.

[mhin2] 04/2/2019 15:32

Jak, I think I know all that...they really do want to push the conspiracy through it seems, unless one or more of the conspirators gets cold feet. Also good to see Cyrus making a loss on their investment in Stob!

[mhin2] 04/2/2019 15:07

Vote coming up, Laffin will be ousted, Kohn will come in. The investigation and exposure of conspiracy, then litigation against conspirators...well thats what I think.

[whatsup32] 04/2/2019 12:57

Are there people here buying Flybe shares in the hope Tinkler makes an actual higher offer acceptable to BOD?

The share price is currently 3.5x the offer from consortium , what do you think he will offer?

With his desire to be in the limelight, he is giving misleading hope to private investors.

If any of you hopefuls read the 0700 news release you would know he has NOT made an offer , merely gave the elusion

Think before you part with your money , you stand to lose 70% really soon.

DYOR.

[coscos] 04/2/2019 12:21

Who are these investors that are willing to risk their cash on a failed airline company? They obviously see value there. The Flybe boardroom needs a quick clear out otherwise the thieves are gonna get away with the goods.

[minerve] 04/2/2019 11:48

It shows you how deluded Tinkler is to think they would give his offer any serious consideration against what is already there. LOL

[phillis] 04/2/2019 11:44

Tinkler rebuffed and the share price rises

Talk about mug punters

[qantas] 04/2/2019 11:34

Please do your own research as always..

[loganair] 04/2/2019 11:34

Flybe said its advisers held an initial discussion with Tinkler's advisers in relation to the proposal, which did not include an offer for the whole of the airline or any other acquisition structure, but no formal proposal was made.

The group pointed out that it understood the capital injection under the proposal would only be provided by Tinkler – who bought a 12% stake in Flybe soon after the bid was made by his former company - if the sale of the airline's operating businesses to Connect Airways does not complete.

The firm concluded, however, that its “board does not consider that the Preliminary Proposal offers the certainty required to secure the future of Flybe.”

The Connect Airways offer of just 1p for each Flybe share, made on 15 January, valued the group at £2.2mln, well below the £215mln valuation the airline had when it joined the London Stock Exchange in 2010.

That offer price was a 94% discount to the airline’s closing share price on the day before the bid was made.

The Connect Airways consortium had also agreed to provide a £20mln bridge loan facility to keep the airline flying until the takeover concluded, but four days later it revised the deal to include the sale of the group’s main operating company, Flybe Ltd, and Flybe.com for £2.8mln in return for a revised £20mln bridge loan - £10mln of which was released immediately.

[loganair] 04/2/2019 11:32

Flybe has rejected a cash injection offer from the former chief executive of Stobart Group.

The airline said Andrew Tinkler's offer was made on the proviso that the sale of Flybe to Connect Airways, the joint venture led by Virgin Atlantic, which also includes Stobart Aviation and hedge fund Cyrus Capital Partners, did not go ahead.

Flybe rejected the proposal, saying: "The board does not consider that the preliminary proposal offers the certainty required to secure the future of Flybe.

"Accordingly, the board emphasises to shareholders that it continues to regard the arrangements entered into with Connect Airways as being the only viable option available to the company which provides the security that the business needs to continue to trade successfully.

"The arrangements with Connect Airways preserve the interests of Flybe's stakeholders, customers, employees, partners and pension members."