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Search: Posts Made By: Andy_S
Showing results 1 to 35 of 44
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Forum: Airlines, Airports & Routes
11th Sep 2017, 07:24
Replies: 5,380
Views: 1,860,642
Posted By Andy_S

This point has been made before, but I'll make it...

This point has been made before, but I'll make it again. Stobarts dividend payments are not covered by profits. The company can only afford to continue making those payments by selling off assets,...
Forum: Airlines, Airports & Routes
5th Sep 2017, 11:55
Replies: 5,380
Views: 1,860,642
Posted By Andy_S

From todays trading statement:

From todays trading statement:
Forum: Airlines, Airports & Routes
19th Aug 2017, 09:47
Replies: 5,380
Views: 1,860,642
Posted By Andy_S

Good post. The share price is driven by...

Good post.

The share price is driven by sentiment. It is not, in itself, proof that everything is rosy in the garden.

Stobart Group's dividend cover was 0.82 in 2016, falling to 0.6 this year....
Forum: Airlines, Airports & Routes
9th Jul 2017, 11:02
Replies: 5,380
Views: 1,860,642
Posted By Andy_S

Indeed. The financial risk may be zero, but they...

Indeed. The financial risk may be zero, but they leave themselves open to ridicule.

As for taking over FlyBe, be very careful what you wish for......
Forum: Airlines, Airports & Routes
11th May 2017, 12:25
Replies: 5,380
Views: 1,860,642
Posted By Andy_S

In accounting terms that's what a Goodwill...

In accounting terms that's what a Goodwill Impairment is. So yes, spot on.

(Acknowledgement to Flight Mode who beat me to it)



I assume that's one-off non-recoverable costs related to the...
Forum: Airlines, Airports & Routes
24th Apr 2017, 10:26
Replies: 5,380
Views: 1,860,642
Posted By Andy_S

The danger with making statements like that is...

The danger with making statements like that is that they can set expectations unrealistically high. Generally it’s better to undersell and overachieve than vice versa.
Forum: Airlines, Airports & Routes
24th Apr 2017, 09:43
Replies: 5,380
Views: 1,860,642
Posted By Andy_S

He actually says "as many as 20", which could...

He actually says "as many as 20", which could mean 1. In any case, a quite extraordinarily speculative comment.
Forum: Airlines, Airports & Routes
23rd Apr 2017, 12:33
Replies: 5,380
Views: 1,860,642
Posted By Andy_S

I think LTNman would be the first to agree. He's...

I think LTNman would be the first to agree. He's never hesitated to flag up the shortcomings of his local airport. A refreshing change from some of the fanboy attitudes on Airlines, Airports & Routes.
Forum: Airlines, Airports & Routes
5th Apr 2017, 15:13
Replies: 5,380
Views: 1,860,642
Posted By Andy_S

I’ve made this point before but it’s not...

I’ve made this point before but it’s not Stobart’s money, it’s shareholders…..

Investing is all very well, but when it’s with shareholders funds the shareholders will expect to see some return on...
Forum: Airlines, Airports & Routes
5th Apr 2017, 11:29
Replies: 5,380
Views: 1,860,642
Posted By Andy_S

One assumes, though, that the council were able...

One assumes, though, that the council were able to pass on all the costs for upkeep of the airport to Stobart. Probably not such a bad deal for the local ratepayer.
Forum: Airlines, Airports & Routes
1st Mar 2017, 12:52
Replies: 5,380
Views: 1,860,642
Posted By Andy_S

A “major airline”. Really? I think you have...

A “major airline”. Really?

I think you have to look at the rather unconventional set up proposed for the new routes to understand why there is a degree of scepticism.
Forum: Airlines, Airports & Routes
14th Jan 2017, 10:38
Replies: 5,380
Views: 1,860,642
Posted By Andy_S

Agreed. It's worth noting, though, that during...

Agreed. It's worth noting, though, that during the period from the mid-90's to the mid-00's when LCY really established itself it was privately owned. No pesky institutional shareholders with their...
Forum: Airlines, Airports & Routes
14th Jan 2017, 10:00
Replies: 5,380
Views: 1,860,642
Posted By Andy_S

Obviously in development terms SEN has come a...

Obviously in development terms SEN has come a long way with Stobart's investment, but it's not just about having a shiny new terminal with it's own railway station, much as that may please local...
Forum: Airlines, Airports & Routes
12th Jan 2017, 10:52
Replies: 5,380
Views: 1,860,642
Posted By Andy_S

But they’re paying more out in dividends than...

But they’re paying more out in dividends than they’re actually earning. That’s one of my concerns about the way that Stobart Group is being run.

To say that payment of dividends through asset...
Forum: Airlines, Airports & Routes
11th Jan 2017, 21:29
Replies: 5,380
Views: 1,860,642
Posted By Andy_S

That's my understanding as well. The current...

That's my understanding as well. The current dividends are not covered by earnings.
Forum: Airlines, Airports & Routes
11th Jan 2017, 14:06
Replies: 5,380
Views: 1,860,642
Posted By Andy_S

I partly agree. To be fair to Manston, 400,000 or...

I partly agree. To be fair to Manston, 400,000 or so people found their way there. But I agree that they had the wrong routes (and the wrong aircraft). The comparison is still valid though – Eujet...
Forum: Airlines, Airports & Routes
11th Jan 2017, 09:17
Replies: 5,380
Views: 1,860,642
Posted By Andy_S

That's my view as well. I understand why...

That's my view as well.

I understand why Stobart are doing this, but it's a high risk strategy. It failed when Manston tried it with EUJet and ultimately took down both airline and airport owner...
Forum: Airlines, Airports & Routes
9th Jan 2017, 16:46
Replies: 5,380
Views: 1,860,642
Posted By Andy_S

It's a perfectly sensible scenario. Again, though...

It's a perfectly sensible scenario. Again, though (and I think we're on the same page here) it doesn't involve Flybe taking any of the commercial risk on the flights. Advertising is just part of the...
Forum: Airlines, Airports & Routes
9th Jan 2017, 15:50
Replies: 5,380
Views: 1,860,642
Posted By Andy_S

Why would Flybe care about marketing or...

Why would Flybe care about marketing or advertising? Where does it say that this will be Flybe’s responsibility? As has been pointed out before, they do not carry the commercial risk on these...
Forum: Airlines, Airports & Routes
9th Jan 2017, 13:03
Replies: 5,380
Views: 1,860,642
Posted By Andy_S

No, I don't believe so. Flybe will simply be...

No, I don't believe so. Flybe will simply be contracted by Stobart to offer a service, for which they will be paid regardless of the performance of those routes.
Forum: Airlines, Airports & Routes
9th Jan 2017, 11:35
Replies: 5,380
Views: 1,860,642
Posted By Andy_S

Is that true, though? I stand to be corrected,...

Is that true, though? I stand to be corrected, but my understanding is that Flybe are simply providing a service. All the risk is Stobart's.
Forum: Airlines, Airports & Routes
22nd Dec 2016, 10:53
Replies: 5,380
Views: 1,860,642
Posted By Andy_S

I believe 4 orders are yet to be fulfilled. ...

I believe 4 orders are yet to be fulfilled.

I must admit that I'm among those who were sceptical that Stobart had anything tangible to announce today. So well done. It should be borne in mind,...
Forum: Airlines, Airports & Routes
16th Dec 2016, 11:54
Replies: 5,380
Views: 1,860,642
Posted By Andy_S

Up to 18 routes. I.e. could be 18, could be...

Up to 18 routes. I.e. could be 18, could be 1......
Forum: Airlines, Airports & Routes
7th Dec 2016, 11:41
Replies: 5,380
Views: 1,860,642
Posted By Andy_S

I'm not sure that stating you have a plan is the...

I'm not sure that stating you have a plan is the same as actually having a plan......
Forum: Airlines, Airports & Routes
27th Oct 2016, 10:37
Replies: 5,380
Views: 1,860,642
Posted By Andy_S

I stand to be corrected, but weren't you the guy...

I stand to be corrected, but weren't you the guy who was also a Planestation shareholder?
Forum: Airlines, Airports & Routes
22nd Sep 2016, 15:44
Replies: 5,380
Views: 1,860,642
Posted By Andy_S

Population and "Market" are not necessarily the...

Population and "Market" are not necessarily the same thing, though.
Forum: Airlines, Airports & Routes
3rd Jul 2016, 10:38
Replies: 5,380
Views: 1,860,642
Posted By Andy_S

It's not a plan though, is it? Nor, indeed, is it...

It's not a plan though, is it? Nor, indeed, is it an announcement. Simply a vague sort of hint that something unspecified may be going on behind the scenes. Pretty meaningless guff for the...
Forum: Airlines, Airports & Routes
30th Jun 2016, 18:58
Replies: 5,380
Views: 1,860,642
Posted By Andy_S

You don't think that's anything to do with them...

You don't think that's anything to do with them getting rid of the airline?



How did you arrive at that conclusion? The article you linked to is just the normal spiel that comes out of AGM's....
Forum: Airlines, Airports & Routes
20th Jun 2016, 16:13
Replies: 5,380
Views: 1,860,642
Posted By Andy_S

By which I meant a nice new terminal, a railway...

By which I meant a nice new terminal, a railway station, an increase in passenger numbers in the short to medium term and an apparently favourable passenger experience.

To someone not familiar...
Forum: Airlines, Airports & Routes
20th Jun 2016, 15:35
Replies: 5,380
Views: 1,860,642
Posted By Andy_S

I don’t think anyone denies the difference, at...

I don’t think anyone denies the difference, at least at a cosmetic level, ‘before’ and ‘after’ Stobart.

The issue is whether in business terms that investment has been productive. Increased...
Forum: Airlines, Airports & Routes
15th May 2016, 10:05
Replies: 5,380
Views: 1,860,642
Posted By Andy_S

That's what local rags do, though. Publish local...

That's what local rags do, though. Publish local 'success' stories without subjecting them to too much scrutiny.



Well they can, at least as an aspiration. Provided they've not published an...
Forum: Airlines, Airports & Routes
11th Mar 2016, 19:51
Replies: 5,380
Views: 1,860,642
Posted By Andy_S

That was probably courtesy of me....... ...

That was probably courtesy of me.......

Obviously the number of diversions into SEN is of commercial interest. And days like today with an unusual number of diversions are definitely newsworthy....
Forum: Airlines, Airports & Routes
16th Feb 2016, 14:30
Replies: 5,380
Views: 1,860,642
Posted By Andy_S

Unfortunately, “excellent facilities” is probably...

Unfortunately, “excellent facilities” is probably not top of an airlines priority list.
Forum: Airlines, Airports & Routes
2nd Dec 2015, 10:21
Replies: 5,380
Views: 1,860,642
Posted By Andy_S

Congratulations to Southend on this award, but I...

Congratulations to Southend on this award, but I think you rather overestimate its importance to the wider travelling public; I wouldn’t have known about it if I didn’t read this forum, so I’m not...
Forum: Airlines, Airports & Routes
5th Jul 2015, 14:11
Replies: 5,380
Views: 1,860,642
Posted By Andy_S

Wise words. Of course diversions are a valid...

Wise words. Of course diversions are a valid topic for discussion, and both yourself and LTNman show how it ought to be done.

The consolidated figures are informative and give an idea of trends....
Showing results 1 to 35 of 44
 
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