Regarding Mr Tinkler - does he not still own about 7 - 8% of the shares in Stobart?
If so, their shares have jumped up about 10% whilst this scenario has been ongoing which realises him about a £4Mil gain.
Could it actually be that he built a stake up in Flybe to ensure the deal goes through and put off any other parties suddenly stake building for a spoiler bid? His loss on the Flybe shares is dwarfed by the gain in value on Stobart being part of the successful Flybe bid.
Overall, over the last few weeks, he's still £3Mil to the good.........