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Old 13th Jan 2019, 22:53
  #1399 (permalink)  
JobsaGoodun
 
Join Date: Oct 2003
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Runway....my thinking is that Tinkler owns about 8% of Stobart. With circa 350m shares in circulation that equates to about 28m in his ownership. As a result of the bid on Friday, Stobarts share price increased 7.7% (10.8p) increasing the value of his stake by about £3m. His purchase in Flybe would have cost him circa £750k meaning he's still up over £2m. If I were him, protecting the value of his Stob stake I'd want the consortium bid to go through. Bizarre - yes. Crazy - maybe not as much as it might appear.
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