FlyBe - 6
Join Date: Jan 2006
Location: Solihull
Age: 60
Posts: 3,326
Likes: 0
Received 0 Likes
on
0 Posts
Delays
A couple of reasons for the Sunday delays.
Incident: Flybe DH8D near Londonderry on Sep 25th 2011, flaps problem
Incident: Flybe DH8D near Southampton on Sep 25th 2011, flaps problem
The spare 195 reappeared at BHX today and per flight.data24.com
I assume has been on a check as no flights for "EM" between 11 & 27
September, which I am sure has not helped.
At least one cancellation today at BHX but all seems better tonight.
Also good loads on the two flights mentioned above so not all bad.
Pete
Incident: Flybe DH8D near Londonderry on Sep 25th 2011, flaps problem
Incident: Flybe DH8D near Southampton on Sep 25th 2011, flaps problem
The spare 195 reappeared at BHX today and per flight.data24.com
I assume has been on a check as no flights for "EM" between 11 & 27
September, which I am sure has not helped.
At least one cancellation today at BHX but all seems better tonight.
Also good loads on the two flights mentioned above so not all bad.
Pete
Join Date: Oct 2003
Location: UK
Posts: 471
Likes: 0
Received 0 Likes
on
0 Posts
MARKET REPORT: Flybe soars on Sir Stelios Haji-Ioannou rumour | This is Money
Wow, it must have been a slow news day today if some journo actually went to the trouble of writing this!! Very little research though. If this had been done they'd know that Stelios would need a bit more than £85million...... Flybe only floated 25% of the business so quadruple this figure.
On the up side, shares in Flybe are cheap at the moment considering how well the business appears to be doing!.
Wow, it must have been a slow news day today if some journo actually went to the trouble of writing this!! Very little research though. If this had been done they'd know that Stelios would need a bit more than £85million...... Flybe only floated 25% of the business so quadruple this figure.
On the up side, shares in Flybe are cheap at the moment considering how well the business appears to be doing!.
Join Date: Aug 2010
Location: Dublin
Age: 34
Posts: 601
Likes: 0
Received 0 Likes
on
0 Posts
Apologies if im being stupid, but isnt the runway at ldy longer than that at bhd? And thus the real reason for the divert is that its handier to land at an airport with engineers present...
Join Date: Nov 2007
Location: crawley
Age: 74
Posts: 512
Likes: 0
Received 0 Likes
on
0 Posts
Tech Problem
Re your post Man CDG on Q400 until end of October Which Year ?
Do anybody know thereal reason for the delay in the delivery of the E175 as I hear 3 are now awaiting collection ///
Do anybody know thereal reason for the delay in the delivery of the E175 as I hear 3 are now awaiting collection ///
Join Date: Jan 2008
Location: UK
Age: 42
Posts: 111
Likes: 0
Received 0 Likes
on
0 Posts
I have heard that it is an issue with the financing of the aircraft - not that Flybe can't get the financing, but that there has been some sort of cock up with it at some stage and Embraer can't/won't release the aircraft until it is resolved (which it now has been and apparently two deliveries imminent).
I have no firm source, just the what I have heard around Exeter.
I have no firm source, just the what I have heard around Exeter.
Join Date: May 2007
Location: LGW
Age: 50
Posts: 268
Likes: 0
Received 0 Likes
on
0 Posts
FlyBe have stuck out a profit warning on the stockmarket after the shares fell yesterday and today. They are now 75p ...................
Sales dropped in september and Jim French says managemnt is accutely focussed on " adjusting short term capacity to meet reduced demand". Tin hats on in Exeter methinks.
Sales dropped in september and Jim French says managemnt is accutely focussed on " adjusting short term capacity to meet reduced demand". Tin hats on in Exeter methinks.
Join Date: May 2007
Location: LGW
Age: 50
Posts: 268
Likes: 0
Received 0 Likes
on
0 Posts
Financial times says.........
Flybe shares dive on profit warning
By Mark Odell and Mark Wembridge
Published: May 5 2011 23:01 | Last updated: May 5 2011 23:01
Shares in Flybe, the UK regional carrier that floated at the end of last year, tumbled by a quarter on Thursday as the company warned that high oil prices and weak leisure traffic would hit profits.
Investors reacted with dismay to the 45 per cent cut in guidance for the financial year to the end of March 2012, with the management indicating it now expected underlying profit of £20m, down from £36m.
By Mark Odell and Mark Wembridge
Published: May 5 2011 23:01 | Last updated: May 5 2011 23:01
Shares in Flybe, the UK regional carrier that floated at the end of last year, tumbled by a quarter on Thursday as the company warned that high oil prices and weak leisure traffic would hit profits.
Investors reacted with dismay to the 45 per cent cut in guidance for the financial year to the end of March 2012, with the management indicating it now expected underlying profit of £20m, down from £36m.
Join Date: Sep 2003
Location: Scottish FIR
Posts: 344
Likes: 0
Received 0 Likes
on
0 Posts
FlyBe Shares fall
Quite heavily as well, 34% down by mid morning and still digging. BBC News - Flybe shares nosedive 41% after second profits warning 
Join Date: Feb 2001
Location: In transit
Age: 70
Posts: 3,052
Likes: 0
Received 0 Likes
on
0 Posts
Couldn't happen to a nicer airline!
I doubt whether the share price drop is of any lasting significance. They have a good market share, plenty of unique routes with high yield traffic, and a captive customer base. That is how they can get away with such poor customer service.
I doubt whether the share price drop is of any lasting significance. They have a good market share, plenty of unique routes with high yield traffic, and a captive customer base. That is how they can get away with such poor customer service.
Join Date: Sep 2003
Location: Scottish FIR
Posts: 344
Likes: 0
Received 0 Likes
on
0 Posts
Its the second profit warning this year, and share price is 80% down on the original flotation price. Now hovering just above 60p. Market share alone isn't convincing investors.
Join Date: Feb 2001
Location: In transit
Age: 70
Posts: 3,052
Likes: 0
Received 0 Likes
on
0 Posts
Couldn't happen to a nicer airline!
I doubt whether the share price drop is of any lasting significance. They have a good market share, plenty of unique routes with high yield traffic, and a captive customer base. That is how they can get away with such poor customer service.
I doubt whether the share price drop is of any lasting significance. They have a good market share, plenty of unique routes with high yield traffic, and a captive customer base. That is how they can get away with such poor customer service.
Join Date: Oct 2008
Location: MIA-IBZ
Posts: 563
Likes: 0
Received 0 Likes
on
0 Posts
lasting significance
Code:
lasting significance
So Stelios wants to set up a new airline in the UK. He has just received a £70m (I think) divi from his stake in EasyJet, so he starts looking around. He could start from scratch, but that would mean paying market price/book value for each aircraft he acquires. He would also have the tetchy problem of acquiring slots, which take forever to apply for and don't come easily.
Or....
He could snap up Flybe, currently valued at around £45m, despite having a net book value of c.£110m in the last accounts. Fleet, slots and even a pile of cash for less than half the price of creating them himself. At 31 March 2011 there was even a pile of cash bigger than all Flybe's debt. For sure, that will have been whittled down subsequently, but this is not a business with immediate liquidity issues (I think - DYOR).
But will the exsiting owners sell? For BA/Iberia, their 15% stake is too tiddly now at c. £7m to be worth bothering with. It's petty cash to them and can go. For the institutions who bought into Flybe in last year's IPO, Stellios could be their white knight. The wild card is the Walker trust, but they are already below 50% and surely just want to see their wealth maximised. And Stelios won't need 100% to get him out of bed - he built EasyJet as a minority shareholder, albeit a significant one.
let's hope something good happens....
Join Date: Feb 2001
Location: In transit
Age: 70
Posts: 3,052
Likes: 0
Received 0 Likes
on
0 Posts
FR- : Thank you for that interesting summary. I wasn't aware of the size of the drop in such a short period. I won't edit my original post, I'll admit it was an ill-considered opinion on my part.
If Stelios buys Flybe things can only get better. I wish him all the best.
If Stelios buys Flybe things can only get better. I wish him all the best.
Join Date: Jan 2008
Location: UK
Age: 42
Posts: 111
Likes: 0
Received 0 Likes
on
0 Posts
Don't forget....
When discussing the possibility of Flybe being taken over by another airline, we need to remember that the shares being traded on the stock exchange represent considerably less than 50% of total shares so a take-over is highly unlikely unless the Walkers decide to dump their shareholding... don't hold your breathe - especially at 65p a share!
Join Date: Oct 2008
Location: MIA-IBZ
Posts: 563
Likes: 0
Received 0 Likes
on
0 Posts
So whats gone wrong?
So whats gone wrong.
The float price was way too high for a company with only 90 million in assets.
The airline business is risky and i always said DTG was a better buy.
My major gripe is management that have not got a clue. Just 5 weeks ago all was well and lfl were up etc.
To have gone in to reverse like this means that September must have been awful. Did they not see that coming?
They are also economical with numbers etc............what is the point of saying we have 87 million in cash if they have taken 200 million in customer deposits?
I would like to know
What % of flights are booked in advance by that i mean more than 1 month, the rest are walk ons?
This is what we need.
This new fleet of 45 jets that are coming...........who/how are they going to pay?
Last years numbers were clouded by exc items and resulted in a loss.
There is no clarity.
I remain nervous, there is a chance they may run out of cash. That said there is a chance that they become a target as well.
The float price was way too high for a company with only 90 million in assets.
The airline business is risky and i always said DTG was a better buy.
My major gripe is management that have not got a clue. Just 5 weeks ago all was well and lfl were up etc.
To have gone in to reverse like this means that September must have been awful. Did they not see that coming?
They are also economical with numbers etc............what is the point of saying we have 87 million in cash if they have taken 200 million in customer deposits?
I would like to know
What % of flights are booked in advance by that i mean more than 1 month, the rest are walk ons?
This is what we need.
This new fleet of 45 jets that are coming...........who/how are they going to pay?
Last years numbers were clouded by exc items and resulted in a loss.
There is no clarity.
I remain nervous, there is a chance they may run out of cash. That said there is a chance that they become a target as well.
Join Date: May 2001
Location: UK
Posts: 48
Likes: 0
Received 0 Likes
on
0 Posts
It was my understanding that only 28 percent of the company was publically offered.
The price ,as has been mentioned on here, is only determined by traders in the City.... and is only valid for the very minute that it is issued.
Profit forecast still in the mid-teen millions for later in the year.....
The price ,as has been mentioned on here, is only determined by traders in the City.... and is only valid for the very minute that it is issued.
Profit forecast still in the mid-teen millions for later in the year.....
When discussing the possibility of Flybe being taken over by another airline, we need to remember that the shares being traded on the stock exchange represent considerably less than 50% of total shares so a take-over is highly unlikely unless the Walkers decide to dump their shareholding... don't hold your breathe - especially at 65p a share!
On that basis 140-150p a share is not an unreasonable takeover price were it to happen..............this is pure speculation and nobody should invest assumming a takeover may be in the offing.
A bidder really will only need 5% and buying out the Walkers and then launching a takeover bid.
Question is who would buy ?
SHI ...............maybe but EGO would bring him down
Easyjet............unlikely as adds nothing strategically
Ryanair............as above
BA............unlikely as getting back into domestic
Air France...........possibly but prob not
Private equity ?.........................what would be the payback ?