Flybe Share Discussion Threads

[coscos] 20/2/2019 00:18

Lmao, I said all along to wait for news. The offer irrefutably proves that Flybe are worth significantly more than what the discredited board told it's shareholders. I want this board all kicked out and replaced with people that actually know how to run an airline.

[cleverinvestor] 20/2/2019 00:12

oh dear not very good at reading crystal ball

Flybe is interested in hiring Flybmi's 'very good pilots and engineers'. Ourmieres-Widener said:
Source: Daily Mail article 19/2/19

[cleverinvestor] 20/2/2019 00:04

Article on Comcast vs Sky bidding war above.


Extract from the article below
Comcast confirmed a higher takeover proposal for Sky in April, leading the broadcast to withdraw its recommendation for the Fox offer.)
Sky’s independent directors have recommended shareholders back Comcast's current bid.

[mhin2] 19/2/2019 23:55

Ruthless credit card firms starved Flybe of £50m:
Credit card companies are holding back more than £50million of customer payments from troubled airline Flybe, industry sources have told the Daily Mail.

Flybe bosses claim being deprived of card payments was the key factor that pushed it to the brink of insolvency.

The Mail can now reveal the full extent of that cash crunch that has forced Flybe to accept a controversial cut-price takeover by Connect Airways, a consortium of Virgin Atlantic, Southend airport owner Stobart and investment house Cyrus.



£50m !!!!!!!

[mhin2] 19/2/2019 23:52

4.5p and Flybe retains its listing...now that does put the conspirators in a bind. If the new bid does come forth, and is successful, the current BOD will be sacked and an investigation will take place. If the new bid is rejected, then also problems ahead. The conspirators have got themselves into a bind...will they match or even increase upon the new offer?

I will keep watching, may even buy back in depending on BOD response.

[cleverinvestor] 19/2/2019 23:51

Minerve


its a pendulum that will keep swinging. The final chapter is now being written. It has becomes a game of cat and mouse. BOD out manoeuvre the shareholders by inserting a clause in the sale contract. 2 major Shareholders out manoeuvre BOD by soliciting a better offer. BOD in the consortium corner. Shareholders now rely on City takeover rules.

[minerve] 19/2/2019 23:35

The supply chain creditors will not be interested in the new bid IMO. It doesn't assuage the concerns of whether it is going to be a going concern in 18-24 months time. It doesn't do anything different from what has been happening to Flybe over the last x number of years. Just capital after capital after capital. Connect Airways creates greater pricing power and a greater chance of future viability.

I could be wrong, we will see.

I'm running out of patience here though. I have other stocks I'd be more than happy to switch my funds into.

[cleverinvestor] 19/2/2019 23:25

Minerva

Its a bidding war so the highest bidder get the trophy. The consortium attempt to buy the company on the cheap attracted other bidder(s) willing to pay a bit more.


Its dog eat dog. Just can't see how the BOD will turn down the new offer. The consortium will have to table a higher offer at 4.5p or above.


A legal challenge if they turn it down cannot be ruled out.


As I said before shareholders own the company and not the BOD. The new offer is a better offer for shareholders. BOD have to accept it.

[minerve] 19/2/2019 23:13

But it isn't just about cash. It is about viability of the ongoing business. The recent offer makes no change to the problems and would just be a stay of execution. One or two executives will make no difference to the fundamental plays in the airline industry. Hopefully the board can quickly get this foolish move out of the way.

I'm getting bored and will move on soon if this circus with Tinkler continues.

[cleverinvestor] 19/2/2019 23:09

They kept their cards close to their chest. Not much room for the BOD to manoeuvre on this.


4.5 p vs 1p

Injection of #125m vs #100m

[devasted19] 19/2/2019 23:00

The new bidder would not have put forward a bid if it was to late in the day due to amount work it involves Flybe declined Tinklers bid as not secure enough so shoes they may have considered it if more concrete. Now they decljne this bid would prove how incompetent they really are as BOD. A contract is not bonding until cobtractecare exchanged which I don't think they have?

[mill5ey] 19/2/2019 22:51

I hope that if this goes through that one of the conditions is the replacement of most (all?) of the BOD

[devasted19] 19/2/2019 22:35

I just hope this is concluded soon in everyone favour apart from the previous bidders who tried to rob us all blind. If Branson has a good lawyers so do a lot of other companies. SKY News well done again. FLYBE will be revived from the dead hopefully not at the expense of the very hand that fed them hopefully they will reward their investors and apologised publicly for their wrong doing.

[minerve] 19/2/2019 22:30

Oh dear. This is becoming tedious.

[loganair] 19/2/2019 22:22

I understand the Mesa deal would be Flybe issuing new shares at 4.5p, giving Mesa around 85% of Flybe.

I also understand that some of the money Mesa will be putting in will come from the sale of Flybe assets.

Mesa will be ruthless in the way they run Flybe.

I wouldn't like to be aircrew working for Mesa as they often have poor relationships with both their flight attendants and pilots and pay their pilots 50% less then Flybe currently pay for their pilots.

[devasted19] 19/2/2019 22:20

I sold unfortunately at 1.7p kicking myself now but at the time it was either that or risj getting 1p lost 95k life savings. Kept a few shares so could vote. After I sold share price went up to 6p when Tinkler bought in ut was too latec for me and later it dropped and rose again to 4p. Wish had waited now. My only hope is compensation at bought 38p.

[europa79] 19/2/2019 22:19

I sold for 76k loss (LTH)

[kirk 6] 19/2/2019 22:03

Are you still in this or did you sell out ? Hope you stayed in

[devasted19] 19/2/2019 22:01

Hopefully those that sold will get some form of compensation and those that played the system will get caught out. That would be the fair and square am confident Hoskings will get a good deal for private investors lost out. Never give up HOPE

[kirk 6] 19/2/2019 22:01

Not only that could start a proper bidding war now. 4.5p is only the finance price so even on this deal the share price would likely rise back over 10p in the vey short term.Exciting times to come what ever happens now

[europa79] 19/2/2019 21:56

What about the shareholders that sold ? They have been shafted. This has a bad smell about it. Will be good if FLYB can maintain its listing on LSE and, obviously good for those who held onto their shares. If the new offer is accepted, the BOD have got a lot to answer for.

[devasted19] 19/2/2019 21:46

Hey the leak by Sky news has to be a positive for shareholders? Why did the new bidder take so long to make a bid talk about cutting it fine. I hope and pray there is some justice for all those that made big losses. I have a good feeling moving forward. I was right about further twists and more to come. It's not over until it's over. This hopefully may bring a good ending to one rocky road. O hope flybe can exit and the previous bidders get back fired. If Hoskings have some input on this they should be appaulded and praised.

[whatsup32] 19/2/2019 21:02

A maybe 4.5p or a definite 1p . My guess is Flybe board will stay with consortium

I would also think consortium had put in place poison pills in place should Flybe pull out of the agreed sale