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Search: Posts Made By: asdf1234
Showing results 1 to 35 of 105
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Forum: Airlines, Airports & Routes
6th Sep 2017, 20:11
Replies: 5,380
Views: 1,860,474
Posted By asdf1234

Anyone who values UK aviation, and the airport...

Anyone who values UK aviation, and the airport infrastructure required to support it, will be fully behind Stobart's attempts at refreshing SEN. I for one hope they succeed, in fact I WANT them to to...
Forum: Airlines, Airports & Routes
5th Sep 2017, 18:08
Replies: 5,380
Views: 1,860,474
Posted By asdf1234

At least they are being clearer about selling the...

At least they are being clearer about selling the family silver to pay the dividend. To highlight the fact that they can keep paying the dividend until 2022 by asset disposal (which I dispute but...
Forum: Airlines, Airports & Routes
31st Aug 2017, 17:28
Replies: 5,380
Views: 1,860,474
Posted By asdf1234

Stobart are chartering aircraft on an ACMI basis...

Stobart are chartering aircraft on an ACMI basis from Flybe for the new routes so if an aircraft under the ACMI contract goes tech, Flybe are the ones who have to buy-in cover from Titan. I'm sure...
Forum: Airlines, Airports & Routes
30th Aug 2017, 15:46
Replies: 5,380
Views: 1,860,474
Posted By asdf1234

Business lounge

I can add my recent experience at SEN to this topic. Within the past 2 weeks I travelled from SEN. The downstairs bar/lounge was pretty full and I couldn't get on the WIFI (very poor signal in the...
Forum: Airlines, Airports & Routes
19th Aug 2017, 06:38
Replies: 5,380
Views: 1,860,474
Posted By asdf1234

The share price is high because Stobart pay out...

The share price is high because Stobart pay out £60m a year in dividends. They do this by selling off assets. Of course this can't last for ever (they will run out of assets to cover the dividend in...
Forum: Airlines, Airports & Routes
18th Aug 2017, 13:24
Replies: 5,380
Views: 1,860,474
Posted By asdf1234

Err, not really no, but thank you however for the...

Err, not really no, but thank you however for the figures. From what I can see the annual figures for 2017 will be the 875k total for 2016 plus circa 120k for the new summer season routes. So circa...
Forum: Airlines, Airports & Routes
17th Aug 2017, 16:35
Replies: 5,380
Views: 1,860,474
Posted By asdf1234

Does anyone have an idea of what effect the new...

Does anyone have an idea of what effect the new routes will have on annual pax numbers? The target is 2m by 2018 - does that look achievable?
Forum: Airlines, Airports & Routes
20th Jun 2017, 15:07
Replies: 5,380
Views: 1,860,474
Posted By asdf1234

Assuming you live in SEN of course. The catchment...

Assuming you live in SEN of course. The catchment needs to be bigger than the local town to make the airport a success.
Forum: Airlines, Airports & Routes
7th Jun 2017, 19:37
Replies: 5,380
Views: 1,860,474
Posted By asdf1234

Not asking you to Rowly. It was Runwayman who...

Not asking you to Rowly. It was Runwayman who heard it on the radio. Just though there might be a press release or something to back up their radio interview. Stobart Group are a listed company and...
Forum: Airlines, Airports & Routes
7th Jun 2017, 17:30
Replies: 5,380
Views: 1,860,474
Posted By asdf1234

No formal announcement then? I would have thought...

No formal announcement then? I would have thought such good news would have been broadcast from the rooftops. Maybe it was Stobart engaging in a spot of "fake news"?
Forum: Airlines, Airports & Routes
7th Jun 2017, 11:58
Replies: 5,380
Views: 1,860,474
Posted By asdf1234

I too am looking for the source of the...

I too am looking for the source of the announcement. Can anyone point me to the link? Thanks
Forum: Airlines, Airports & Routes
4th Jun 2017, 15:19
Replies: 5,380
Views: 1,860,474
Posted By asdf1234

Irrelevant! The financials tell you all you need...

Irrelevant! The financials tell you all you need to know. Zero profit and year on year losses. The airport has not been a success under the stewardship of Stobart Group. I applaud them for trying but...
Forum: Airlines, Airports & Routes
4th Jun 2017, 14:49
Replies: 5,380
Views: 1,860,474
Posted By asdf1234

Loss making airport

If you want to know anything about Southend and how successful it is look at the owner's recent (and past) financials. The airport has never turned a profit. Pax numbers are dwindling. In the last...
Forum: Airlines, Airports & Routes
24th May 2017, 14:40
Replies: 5,380
Views: 1,860,474
Posted By asdf1234

Good deal

That's a pretty good deal! Landing fees alone at London Heliport cost c£725 for an AW109. I can see charter operators picking up on this and selling SEN as the gateway airport to London. Fro business...
Forum: Airlines, Airports & Routes
23rd May 2017, 22:39
Replies: 5,380
Views: 1,860,474
Posted By asdf1234

Wrong. If you own your own Jet, value for money...

Wrong. If you own your own Jet, value for money is key; private jet owners know the cost of everything and want their aircraft managers and/or chief pilots to deliver value in their choice of...
Forum: Airlines, Airports & Routes
17th May 2017, 12:07
Replies: 5,380
Views: 1,860,474
Posted By asdf1234

Happy to withdraw

Yes, happy to withdraw since you state categorically that you are not. However by keeping your criticisms private and only posting support of SEN you give an unbalanced view of the airport and it...
Forum: Airlines, Airports & Routes
16th May 2017, 17:53
Replies: 5,380
Views: 1,860,474
Posted By asdf1234

Flite Mode be aware

Flight Mode you should know that Expressflight is a diehard defender of all things SEN, and may even be an unofficial promoter of the owner of the airport (last statement unproven of course). Your...
Forum: Airlines, Airports & Routes
12th May 2017, 18:37
Replies: 5,380
Views: 1,860,474
Posted By asdf1234

The airport is running at a loss. As I pointed...

The airport is running at a loss. As I pointed out in previous posts, operational expenditure is being met by selling assets. Stobart Group cannot sustain indefinitely an opex drain of the kind that...
Forum: Airlines, Airports & Routes
11th May 2017, 13:55
Replies: 5,380
Views: 1,860,474
Posted By asdf1234

Stobart results

The year end results make for depressing reading. The loss in the aviation division deepens, the 2018 target for passengers numbers to be at 2.5m has been dropped completely and the new routes will...
Forum: Airlines, Airports & Routes
2nd May 2017, 11:06
Replies: 5,380
Views: 1,860,474
Posted By asdf1234

A wet lease deal will be expensive but I'm...

A wet lease deal will be expensive but I'm guessing Stobart didn't want to commit to crew training and a longer term dry lease until the new routes have shown their potential.

Good business for...
Forum: Airlines, Airports & Routes
25th Apr 2017, 06:24
Replies: 5,380
Views: 1,860,474
Posted By asdf1234

Yes, agree. 6 trains an hour! Really??? Surely he...

Yes, agree. 6 trains an hour! Really??? Surely he meant to say 3 trains an hour all day with 6 trains and hour once in the morning and once in the evening peak.
Forum: Airlines, Airports & Routes
21st Apr 2017, 11:51
Replies: 5,380
Views: 1,860,474
Posted By asdf1234

Noted DC3 - I replied to your post but my...

Noted DC3 - I replied to your post but my comments were intended for the wider audience and preceding posters.
Forum: Airlines, Airports & Routes
21st Apr 2017, 11:34
Replies: 5,380
Views: 1,860,474
Posted By asdf1234

Will support the Group's...dividend policy... ...

Will support the Group's...dividend policy...
Increase the scope for adding value through selective investment...

One is definite, the other is a vague non binding statement of future intent.
...
Forum: Airlines, Airports & Routes
21st Apr 2017, 10:26
Replies: 5,380
Views: 1,860,474
Posted By asdf1234

Proceeds of divestment in Eddie stobart

I hate to burst the bubble of optimists here wanting the cash proceeds from the divestment in Eddie Stobart to go into rail or airport infrastructure projects - but it won't. It will go to paying...
Forum: Airlines, Airports & Routes
21st Mar 2017, 12:02
Replies: 5,380
Views: 1,860,474
Posted By asdf1234

LCY is one of 2 "London" international airports...

LCY is one of 2 "London" international airports with a London postcode (the other being Heathrow). People accept it as a high cost entry point into London with limited opening hours that are...
Forum: Airlines, Airports & Routes
21st Mar 2017, 11:27
Replies: 5,380
Views: 1,860,474
Posted By asdf1234

London airport or not?

I think the debate over terminal opening hours and evicting hapless travellers at midnight can be summarised thus; if SEN wants to be seen as a London airport it needs to act like a London airport...
Forum: Airlines, Airports & Routes
23rd Jan 2017, 09:29
Replies: 5,380
Views: 1,860,474
Posted By asdf1234

Fog

If they are accepting LCY diversions it is a shame that this seems to be at the expense of getting the based aircraft outbound! Malaga 3 hours late if indeed it has departed, Alicante 1 hour late and...
Forum: Airlines, Airports & Routes
22nd Dec 2016, 08:46
Replies: 5,380
Views: 1,860,474
Posted By asdf1234

market announcement

On 5 December 2016, Stobart Group announced its decision to operate flights from London Southend Airport ("LSA") through Stobart Air's existing franchise arrangement with Flybe.

As a further...
Forum: Airlines, Airports & Routes
16th Dec 2016, 15:11
Replies: 5,380
Views: 1,860,474
Posted By asdf1234

FLYBE franchise flights

SWBKCB,

Not only a very expensive way to operate, but most probably an unprofitable way to operate. Let's not forget that Flybe will not allow any competition on their profitable routes; Stobart...
Forum: Airlines, Airports & Routes
12th Dec 2016, 16:25
Replies: 5,380
Views: 1,860,474
Posted By asdf1234

Echo puff piece

Laughable! That the Echo prints a PR puff piece as news is bad enough - it needs an "advertorial" heading surely? - but 25% increase of just about nothing is still just about nothing when it comes to...
Forum: Airlines, Airports & Routes
6th Dec 2016, 04:59
Replies: 5,380
Views: 1,860,474
Posted By asdf1234

The Group recently acquired all of the interests...

The Group recently acquired all of the interests of Invesco Asset Management Limited in its airline business, Stobart Air, and aircraft leasing business, Propius Holdings Limited ("Propius") and...
Forum: Airlines, Airports & Routes
27th Oct 2016, 11:45
Replies: 5,380
Views: 1,860,474
Posted By asdf1234

Quarterly dividend

Qtrly div since August I believe but Serco is your man - he has the shares so he should know.
Forum: Airlines, Airports & Routes
27th Oct 2016, 10:29
Replies: 5,380
Views: 1,860,474
Posted By asdf1234

Results

Serko,

Stobart depreciate building assets over 50 years (2% per annum straight line), not 4 years, but thanks for the lesson in mock accounting.

As a shareholder, your quarterly dividend is...
Forum: Airlines, Airports & Routes
27th Oct 2016, 08:02
Replies: 5,380
Views: 1,860,474
Posted By asdf1234

The 12 month EBITDA profit is £1.1m but quoting...

The 12 month EBITDA profit is £1.1m but quoting this is effectively meaningless. It's a bit like a shop saying we made a profit just as long as we don't include the cost of renting the shop.

I...
Forum: Airlines, Airports & Routes
27th Oct 2016, 07:11
Replies: 5,380
Views: 1,860,474
Posted By asdf1234

results and losses

The interim results make for interesting reading. The 12 month loss before tax for the Aviation division is £3.2m and the revenue per passenger is stated as £22.67 with a 12 month throughput of...
Showing results 1 to 35 of 105
 
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