Skywest Airlines Share Discussion Threads

[granitetim] 30/10/2012 05:18

Good news indeed.

[djmozy2] 30/10/2012 02:23

Great news everyone, Virgin Australia have just offered to buy out Skywest. Their Australian listing is currently up 50%!!!

[briangeeee] 02/10/2012 13:43

Have held for several years. As airlines go, this one has outperformed operationally by a country mile, but its rating still reflects those of the generally poorly performing industry. The anticipated growth in shareholder returns over the next couple of years should force that to change.

April investor presentation:


August Broker Note:

[nfs] 02/10/2012 10:54

I bought in today, prospective pe ratio below the yield
I assume the slowdown in the Aussie economy is holding these back,but the atr deal with virgin is stronger than the share price suggests,I hope so anyway!

[glasshalfull] 02/10/2012 10:32

Further good news just released. They were only on a prospective PER of 5 for the current year BEFORE today's news.



Skywest Granted FIFO Contract with Major Mining Company

Skywest, the Australian and South East Asia regional airline, is pleased to announce that BHP Billiton Iron Ore has selected the Company as the preferred vendor to provide air charter services for its new Jimblebar mine located 41km East of Newman in the Pilbara region of Western Australia.

Initial contracted charter services for the Jimblebar mine are planned to commence with twice-daily flights between Perth and Newman once a week, using 100 seat Fokker F100 aircraft.  Over the 21 month contract term, Skywest plans to introduce an additional Airbus A320 to the fleet from as early as February 2013. The new services for the Jimblebar Project will be in addition to the existing weekly services Skywest already provides to the Company.

After the initial launch, it is anticipated that services provided by Skywest will increase to include twice daily return flights up to three days a week from early to mid-2013. Increased capacity on peak flights is also anticipated to commence once the Airbus A320 enters service, increasing from 100 seats to 168 seats.

Executive Chairman, Jeff Chatfield said:  "We are delighted to have secured this contract with BHP Billiton Iron Ore. This further strengthens our relationship while also further underpinning our scheduled FIFO charter business, which provides an ever growing visible revenue stream."
--ENDS--

Regards,
GHF

[stluke] 03/9/2012 15:36

Etihad have increased their stake in Virgin Australia to 10% today, quoting they want to expand and invest in regional air markets, has to viewed as a big positive for Skywest with ARAN link with Virgin.

[stluke] 03/9/2012 10:03

Link below to broker forecasts etc by house broker WHIreland, also a very detailed and interesting report by Bell Potter the Australian broker.

[stluke] 03/9/2012 10:02

Missing Link

[stluke] 03/9/2012 08:08

Skywest up on the ASX overnight by 5%, looks like the start of a recovery so added on friday.

[stluke] 31/8/2012 10:34

Will be interesting to see whether yesterdays share buy back was a one off or something more substantial, now costs have been addressed and Virgin link up settled down could see a nice recovery from here.

Anyone help me with Level 2 as looking to add.

[judgement] 30/8/2012 14:52

Earnings heavily down as expected due to the upheaval with the Virgin alliance, but not as much as they could have been, or what was indicated in the WHI forcasts. Revenue growth strong. Margins should largely restore over the next couple of years.

[stluke] 30/8/2012 14:47

Well no posts for 5 months has to be a record so today with results and a buy back seems a ideal time to break that run!!

All in all a good set of figures and much better than I was expecting, no more cross hiring of planes and less rental charges for the F100's should help figures going forward as well, after a poor run I have added today.

[philanderer] 30/3/2012 12:54

Questor video update:

[davydoo] 08/3/2012 12:00

Interesting news out of Flybe this morning



I don't know them well enough to know whether this is just good asset management, an opportunistic deal, or signs of problems in their underlying business, but it's only 2 years.

I was thinking about all the effort that will go into this; the repainting, the recruiting and relocating, the contracts etc etc

Just shows how good Skywests 10 year deal is with Virgin.

[davydoo] 24/2/2012 11:35

Only just found this on the skywest.com.sg website

[davydoo] 24/2/2012 11:34

Or this one



Imagine how much better the figures would look if they were reporting in GBP?

Same business though.

[davydoo] 24/2/2012 10:19

Something I don't think I've seen mentioned here, but that to me is a very significant reason for me to be invested here, is this chart;

[davydoo] 23/2/2012 17:26

Bought back in today with a small amount to balance my AVAP holding.

[davydoo] 17/2/2012 13:54

Many Thanks Jimbo

[jimbo55] 16/2/2012 17:16

Davydoo,

In terms of what your Broker has told you, I think it's accurate. CDI Interests do not count as a market listing in the eyes of HMRC. Therefore, SKYW is NOT ISA-eligible.

Worth confirming the CDI Status with the company themselves though.

Jimbo

[davydoo] 16/2/2012 15:02

Skywest's australian listing is detailed here;



My broker says it doesn't count as listed because its a CDI 'Chess Depository Interest'

I would appreciate comments from anyone else about your own knowledge or experience, before I confirm with Skywest themselves.

Many Thanks

[davydoo] 16/2/2012 14:55

Anyone bought this in their ISA on the basis its dual listed in Australia? Im on the phone to my broker at the moment trying to convince them its ok

[davydoo] 15/2/2012 19:12

Not sure of the buys v sells, but trade volume jumped significantly when you look at the 3 days before and after that comment.

Date Close Open High Low Volume

08-Feb-2012 27.75p 26.50p 28.00p 26.33p 364,319
07-Feb-2012 26.50p 25.75p 27.00p 25.50p 130,722
06-Feb-2012 25.75p 25.13p 26.38p 25.00p 429,929
03-Feb-2012 25.25p 25.25p 25.25p 25.00p 10,000
02-Feb-2012 25.25p 25.25p 25.50p 25.25p 63,831
01-Feb-2012 25.25p 25.50p 25.50p 25.05p 5,000

Im actually quite tempted to buy now.

[davydoo] 15/2/2012 18:30

Interesting comment though about the market not recognising the Virgin deal, as the share price is where it is before there was any hint of that deal.

Yet its due to grow to be bigger than their existing (non-charter) business in Western Australia.