Stobart Group Ld Share Discussion Threads

[lpavlou] 18/1/2020 18:07

I see they have diverted the Cornwall flights to Gatwick to free up 4 Heathrow slots. Doesn't say if they will be retaining these Heathrow slots or selling them on as they are highly valuable if they can be sold for international flights

[andycapp1] 17/1/2020 12:45

It’s a punt, that’s all. An additional £10m option to see what happens. On balance probably worth it to preserve equity on Flybe. Will it work? Dunno.

[roddyb] 17/1/2020 08:44

(The view from Southampton). Flybe is a romantic idea, they fly over my house 10 times a day bringing in tax exiles from Channel Islands to do a day’s work in Solent region before returning in the evening. It doesn’t make money, it’s expensive and there is no growth in the sector as those that commute from CI already do. The other destinations they offer are twice the price of flying from LHR or LGW.

What could possibly be the advantage to us in STOB? The extra traffic in Southend this summer will have cost £40m for an extra 500,000 passengers passing through - surely we could pay film extras to mill around the airport for less than that?

[fenners66] 16/1/2020 22:53

"The shareholder consortium has to date provided GBP110m of funds to Connect Airways, and Stobart Group has invested GBP45m through a combination of cash and the sale of Stobart Air, Stobart Group's regional airline, and its aircraft leasing business, Propius. "

So are they on the hook for the £45m invested and 30% of the £110m ?

It would seem so as 30% of the £110m is only £33m

Now they are setting aside £9m more

So total (potential ) cost £87m

We know where the dividends have gone now

[lpavlou] 16/1/2020 07:59

Tosca have mopped up both Tinkers stake and most of what Invesco have sold too. They are now the biggest shareholder having come on board post ESL and post part of the Flybe fiasco.

[andycapp1] 16/1/2020 07:55

I agree one for brave now. In truth it needs breaking up. Wood pellets and airports. Maybe they can see if the turboprops can run on sawdust?

[jubberjim] 16/1/2020 02:44

Well it was long time ago
I am pretty certain that they did own Marston and were looking to develop further in the lydd ? Estuary prompting lots of opposition from environmentalists Dr Al
But am pretty certain they did have an interest in Southend airport and were looking to run cargo flights initially.I think this was one of the reasons behind their demise
Took my licks on that one and I could of course be wrong whatever it was a long time ago.
As I said I will be looking but am still wary at the moment
This is one for the brave

[andycapp1] 15/1/2020 23:07

North Atlantic has been upping its stake. That might account for some. Look I suspect we will have to wait for an update. their are lots of moving parts. Wiggins/Planestation owned Manston not Sarfport. So wrong there.

I suspect to address all ills this will need to raise some fresh capital. It shudnt try to squeak by on what it has because sh1t happens and it needs adequately capitalizing. But we will see. Think canning the divi saves £20m odd so maybe that is enough. I suspect their equity into Flybe will be less than £10m.

But certainly valuation is rather uncertain now. Its probably got a base of 100p and could be double that if it all works...which it seldom does!!

[fenners66] 15/1/2020 22:53

jubberjim - I agree its a material enough event to make the news headlines , but not worthy of a potentially damaging RNS.

[optomistic] 15/1/2020 16:37

jubberjim...planestation had their hand in Southend airport sometime ago, managed to break even with that...lucky!!

[sooty snipes] 15/1/2020 16:21

Great to see the Tories backing the regions. After all 2,400 jobs were at risk. Connectivity is vital. About time I say. Duty should be axed for regional flights.

[jubberjim] 15/1/2020 09:29

I am totally confused
How is this share holding its own at the moment
I thought there would be sell off this am
How much will the various shareholders have to stump up ?
Will there have to be a discounted fund raising to meet this obligation ?
When will there be answers from the company with regards above
Will not go anywhere near this one until some clarity is forthcoming
For the moment remaining long oil energy financial and telecoms all paying a dividend I will keep my money and look to invest on any dips thereof
By the way does anyone remember a company called Wiggins seem to remember Southend Airport was in some way involved there (about 20 years ago ) am going to leave this one well alone

[typo56] 15/1/2020 09:02

From the interims..

"the Board has taken the decision to suspend the dividend, conserving GBP11m of cash in the current period and GBP22m per annum that can now be invested in these growth opportunities within the Group"

Looks like "growth opportunities within the Group" might actually mean "keeping Flybe afloat a bit longer"?

[typo56] 15/1/2020 08:38

Surprised no RNS from STOB

"Under the terms of the agreement, Flybe’s shareholders have agreed to inject tens of millions of pounds into the company."

[garycook] 15/1/2020 07:14

Government rescues Flybe.

[lpavlou] 15/1/2020 00:25

Invesco have sold 15percent and Tinkler 5percent. Tosca have bought 10. So we're still missing another 10

[jubberjim] 14/1/2020 23:21

Might Tinkler and Invesco 5% make up that Tosca 11% interest
Think there is more pain to come
Personally was in at 130 level got out yesterday first thing at 113
Am going to lick my wounds and observe how things pan out
Good luck all

[andycapp1] 14/1/2020 22:42

I think they need to. They must be terribly capital constrained and I’d bite bullet and give some decent headroom. £50-100m.

[lpavlou] 14/1/2020 21:06

Tinkler has offloaded 5 percent, so have Invesco. Question is who has bought them?

[mickyfinnthedj] 14/1/2020 19:40

The new bailout agreement?

[jubberjim] 14/1/2020 18:34

Anyone know how much will stobart be liable for via flybe agreement ?

[muchodinero] 14/1/2020 17:52

Yes raise £50million at a nice discount circa 50p.....lol

[jubberjim] 14/1/2020 16:00

Would that bit of volume mentioned been A Tinkler unloading his last remaining stake
Looks like he got rid of some 5% or so