Flybe Share Discussion Threads

[bray2] 08/2/2019 20:50

I wonder if anyone will pursue litigation towards the two directors responsible for the large loss for its investors lots of inaccurate RNS were published need to come together and do something quick before it's too late and they get the £1 bonus for selling the company

[mhin2] 08/2/2019 20:48

Some better news for me today, ATC is about to get re-listed- an AIM company that conspired to enrich the BOD just as they were going into production profitability. I have never trusted AIM BODS since. I thought if I invested in Main Market companies things would be better protected, especially those with a premium listing. But, alas, no...they are all as incompetent/self enriching/city enriching/corrupt as each other.

Something is very smelly at the heart of the UK economy, which is the City of London(although I think wall street is similar but much better regulated).


I suppose Britain has always been a pirate nation that serves to enrich the rich...Laffin Gas, Branson et al are merely one part of the whole mosaic.

[mhin2] 08/2/2019 20:31

Whatsup32 says "Someone has taken a 1.8% short position on Flybe."

Could that be short6? Although if this is such a certainty for `shorts' why not take a much bigger position?

Its not over until its over (is that a tautology/tautophrase?)

[whatsup32] 08/2/2019 19:16

More in-depth news from the FT on the Flybe takeover and dispute with major shareholders

[whatsup32] 08/2/2019 18:14

Someone has taken a 1.8% short position on Flybe.

[mhin2] 08/2/2019 14:25

short, I dont think you will get any takers, but you could short from the current sp, and you will get your money...if you are so certain put everything you have on the short...easy money...

[short6] 08/2/2019 14:20

For those that are still buying at over 2p, I've got a nice crisp £5 note in my wallet. Would one of you please give me a tenner for it. Thanks.

[whatsup32] 08/2/2019 13:16

Bob diamond Barclays top dog . After paying the Qataris £350m ? bung. What was he petrified of ..it wasn’t getting prosecuted, or getting caught, nor getting chastised by shareholders


It was.....‘Loosing his job’

[uncle_sam] 08/2/2019 13:10

Whatsup32, financial accounting has always been a game of Hide the Sausage. Regulations merely keep them from being less upfront than they might want to be otherwise.

[loganair] 08/2/2019 13:10

Nobody gives a damn about the small Private Retail Investor, most companies don't and sadly it's as simple as that.

[loganair] 08/2/2019 12:57

In reality directors look out for themselves first, just look at Marconi. When Marconi was going bust, the directors spent the last month suring up their pensions while doing nothing to keep the company going.

Shareholders are always last in line, after the directors look after themselves, then it the secured creditors, unsecured creditor, staff and last in line are the share holders.

Most directors are very poor at managing the companies they do, often are clueless and on the whole, unless they have a substantial share holding the company they're directors of usually they don't give a damn about the share holders.

[mhin2] 08/2/2019 12:49

A more balanced post by whatsup...appreciated.

Bear in mind that Flybe have possible Hoskings/investigation/litigation ahead of them, Tinkler money to the side of them, and a possible (I think almost certain) conspiracy behind them

[whatsup32] 08/2/2019 12:47

hpcg. ‘All reports are nevertheless upbeat. This is the company doing its job for shareholders-giving them a chance to sell at a highest price possible to buyers with less in-depth knowledge’

In other words they are knowingly misleading the ‘less in-depth’ investor.

Private investors are not analysts nor are they accountants , directors have an obligation to all shareholders, not just the connected ones.

Luke Johnson is an intelligent investor , didn’t he just get done . Where were all the smart accountants and analysts there.

I agree the writing was on the wall for Flybe. Just disagree it’s acceptable practise for management to give a rosy outlook when the opposite may be true.

Management should have more insight then your regular guy on the street. When results or trading update is released it’s usually done three months in arrears. That’s three months of insight to go on.

[mhin2] 08/2/2019 12:47

no announcement, yet, of Hoskings or Tinkler selling/reducing their holding. I am glad I sold at 3.75p, but that does not mean that there is not a conspiracy/malpractice/collusion/cronyism etc here- just too risky. However the BODs announcements do not indicate exasperation but desperation- seems as if they are trying to close down as many avenues as possible- they clearly have quite a lot to hide.

Lets see what happens.

[loganair] 08/2/2019 12:07

So what if Flybe is wound up as it doesn't have any assets anymore, just the Flybe name and Flybe.com, therefore it seems to me even if wound up the aircraft will still keep flying.

[therealapplegarth] 08/2/2019 12:04

LISTEN YOU MUG's !!!!!!!!! 1p is all your getting for your shares ! STOP BEING GREEDY LOL ! Love to see your faces !

[noirua] 08/2/2019 11:59

Following the words of Prime Minister Theresa May:
Flybe yesterday issued an ultimatum to shareholders to back its sale to a Virgin Atlantic-led consortium or risk the airline being wound up.

[loganair] 08/2/2019 11:57

Once Flybe's assets were sold to Connect Airways it was all over and I was astonished that anybody thought otherwise.

[hpcg] 08/2/2019 11:30

whatsup32 - what gives a board of directors any greater insight into the future than you or I? Companies have their experience, and they will have models and correlations, but there is inherent uncertainty. It's a bit like people blaming Apple for not having come up with a successor product to the smart phone. This isn't something predictable, you can't just pop to the innovation cupboard and take the next blockbuster off the shelf. All we can ask of directors and executives is honesty, and prudence in balance sheet structure and capital allocation, and some domain expertise.

Our skill as investors is to avoid situations where company management is deficient, and to have our own domain expertise in interpreting how macro and secular factors will impact on industry revenue and profitability. Of equal importance is our interpretation of accounts and of company announcements. For example Apple announced it would no longer report I-phone sales, Twitter will phase out reporting monthly active users, and Kellogg will no longer split out its reporting segments for North America, it will be a regional number. All of these are done to hide deterioration in those numbers. All reports are nevertheless upbeat. This is the company management doing its job for shareholders - giving them a chance to sell their shares at the highest price possible to buyers that may have less in depth knowledge.

[phillis] 08/2/2019 11:09

the important bit

"However the trading since the concretion of the FLYB share at minimum 0p maximum 1p is simply astonishing. Even those that traded successfully are doomed in the medium term."

[whatsup32] 08/2/2019 11:03

hpcg.

Not sure the blame should be the Private Investors alone. They read the headlines of results , listen to BOD , read the newspapers and maybe even look at brokers recommendations. If I was in their shoes I think I would be angry too. But having said that for the past month they had the option of getting out at .4-.6p . They should have taken it.

I bought TUi 4 months ago. Latest information from the company 27th September was. We are firing on all cylinders expect 4th annual double digit growth , unseasonal summer has NOt effected us.

Yesterday the share price dropped 20% . Company saying Summer has effected them, and NOT to expect any growth.

We are reliant to a large extent on the board giving clear guidance instead of caveats

[phillis] 08/2/2019 10:51

hpcg
excellent post

[hpcg] 08/2/2019 10:49

JakNife - it is situations like this, where the outcome is a known, or at least the best case is a known, that demonstrates just how ill-suited to direct investing a surprising number of market participants are. Firstly there is the evidence of FLYB itself, and I have been both long and short on several occasions over the last 8 years, that it has never been financially successful. Secondly well documented in main stream news, over capacity on European short haul routes, and poor winter load factors even from Ryanair and Easyjet. Thirdly the regular bankruptcy of small airlines. Finally and recently a Brexit deadline slow down. All these speak to substantial risk. Of course when a public (any) company goes out of business there has to be losers; every single worthless share is held by someone. What should happen in these circumstances is the share price drops very low and volume dries up. This didn't happen prior to the announcement but thus far the market has merely separated those with good judgement from those with bad judgement. That's fine we all make mistakes. However the trading since the concretion of the FLYB share at minimum 0p maximum 1p is simply astonishing. Even those that traded successfully are doomed in the medium term.

On the other hand congratulations to the directors on saving jobs and the flights paid for by passengers. For some of those still employed the stay of execution will be short lived as loss making routes are culled, and locations close, but at least they have the opportunity to find alternative employment in the mean time.