Nice to Michu
20 Mar 2018
Re: Why the wait? isn't it doors to manual and cross check paraguay? maybe they're at the crosscheck - with management and key institutional holders - stage now..towards - likely necessarily - getting them on board with an offer that would then soon be made...or equally perhaps no offer will be made .... no comments here as peops. perhaps wise enough to, apart from the fun of it, realise there's no real point spculating .. best just wait and see and we'll know in the coming few days..just for the fun of it : my GUESS would be if a bid of something in the 70 to 80p range is acceptable to management and key II's then it will be made... otherwise no offer will be made..
paraguay63
14 Mar 2018
Re: Why the wait? Hopefully all passengers on board, doors to manual and dimmed the cabin lights for take off
kilindidni
14 Mar 2018
Why the wait? No discussion here since February. Why the silence?
izzy bear
28 Feb 2018
Re: WHATS IT WORTH In my opinion Stobbart would keep the profitable routes and slots,, so there a use for the same planes , after all, if they took over Flyb, they would still carry on the business.
kilindidni
28 Feb 2018
Re: WHATS IT WORTH Are you sure the Flyby planes ARE the right size for the use S would need? I think they may be too narrowly?
izzy bear
28 Feb 2018
Re: WHATS IT WORTH You have to feel Stobbarts move in taking over Southend airport, was just the start of it's expansion in the industry, that being the case, a lot of aircraft companies would be to expensive to take over, so FlyB is a good choice, it has the planes and plenty of slots in it's business, starting from scratch Stobbart would either have to buy or lease planes, organise routes and train staff (cabin crews and pilots)if they took over FlyB, all that is set up, Plus they could sell of surplus slots and routes, whilst keeping the profitable ones, thus increasing profits.No doubt Stobbart has looked into that, and at todays low price, they might just consider FlyB to be a bargain, In my opinion they need to act sooner rather than later, before another company, possibly Ryanair or EasyJet step in.
thirty fifty twenty
27 Feb 2018
Re: WHATS IT WORTH at 44p hi CTyes 750m of t/o but fcst profi for 2 years out was 10m...albeit these guys dont have a good record at meeting fcsts!!that said they have managed costs out of the business with the surplus aircraft.i'd have thouhgt there would be good value....STOB get access to a fleet of aircraft and to airport slots as well as critical mass.i think the aircraft makes the deal quite attrctive to STOB.....if FLYB at the moment could reduce capacity on routes then they mgiht not as then they have a surplus aircraft so alwasy best to run at marginal contribution.STOB coul dhave altrenative use for that aircraft thus that makes it easier to make that decision which generates efficiencies. the loser is less choice for the consumer but given that FLYB dominate their route the customer has little choice.I am not talking any major overhaul just some tweaking at the margins.....I estiamte that might add 3 or 4 million to profts alone.Then i think there are corporate costs and duplicate functions - purchasing staff etc...I think that could be another 2-3million (based on staff costs analaysis)Additionally there must be some operational synergies / economies of scale taking 1% of non direct costs is a further 3 to 4millionand of course owning the routes that at the moment STOB pay FLYB to run would add to STOB profits - maybe 1 -2millionso i think that gets an easy additional 10m by merging the businessesso i think a price tag of £140m to £16m would be a fair share to current and future equity holders (60p to 80p?)I think a deal is very very likely. Simon Laffin the chairman as a track record of selling out - Safeway, M&B and another i cant remember ..... if they weren;t interested they'd have rebuffed by now so it is about agreeing price and i dont think they will fall out over price.All IMHO, DYOR + BoLFLYB is in my portfolio
CASTLEFORD TIGER
27 Feb 2018
WHATS IT WORTH Well it has t/o of 700m but lost about 20mCosts look too high but where can you strip. Fuel is only about 15% of costs?They have 120m in cash? Only 9 is pre payments that looks low.216 m shares in the market.I guess 60p is 120m ?Probably plenty for a loss making regional airline facing headwinds and would a new owner be able to strip costs?IT looks like they signed some poor contracts and still paying to get out.If they don't bid then its back to 25/30p.STB may bid more............just don't know.Tiger
senn1965
24 Feb 2018
Re: As if by magic Interesting how they say they have not been n contact with the other party but have got Evercore and the Swiss suits on board already to advise on the speculation.Ok!!Senn
senn1965
24 Feb 2018
Re: As if by magic Any offer will have to be a good one north of 70p imhoIf a bid is to low they will have to wait 12 months to do again, as the airline is looking in better shape might have to pay more down the line.Am sure the advisors are earning there corn behind the scenes on what would be acceptable Senn
thirty fifty twenty
22 Feb 2018
at 44p bid now seems likely so that unusual price action lead to the rise todaygreat to see...i feel there is also unusal price action at SIVso hopeful of a successful outcome there tooAll IMHO, DYOR + BoLFLYB + SIV are in my portfolio
paraguay63
22 Feb 2018
Re: As if by magic trundling down the runway now....must say about time. Interesting times ahead.
mildmouth
22 Feb 2018
Re: As if by magic Great intuition, well done!
Nice to Michu
22 Feb 2018
As if by magic 22 February 2018Stobart Group Limited ("Stobart Group"
Statement re recent share price movement in Flybe Group plc ("Flybe"The Board of Stobart Group notes the movement in the share price of Flybe and press speculation as to a potential takeover of Flybe Group Plc by Stobart Group.Stobart Group and Flybe have a range of shared interests arising from Stobart Group's ownership of London Southend Airport and its aircraft leasing company and the growing franchise arrangements between the two groups' airlines.As previously disclosed in October 2017, we have been reviewing alternative structures for our airline and leasing business that can play an important part in the consolidation of the regional airline sector.A number of potential structures have been considered including taking a non-controlling interest in a vehicle to acquire 100% of Flybe likely to be in cash. It is not possible to say, at this stage, whether a transaction will take place, whether a firm proposal will be made or, if it is, the form a transaction to combine the airlines might take.A further announcement will be made in due course.In accordance with Rule 2.6(a) of the Code, Stobart Group is required, by not later than 5.00 p.m. on 22nd March 2018, to either announce a firm intention to make an offer for Flybe in accordance with Rule 2.7 of the Code or announce that it does not intend to make an offer, in which case the announcement will be treated as a statement to which Rule 2.8 of the Code applies. This deadline can be extended with the consent of the Panel in accordance with Rule 2.6(c) of the Code........................................................................Obviously nothing may come of this.. or it may.. place your bets.. If they are to make a cash offer for the co. I would guess it to be significantly higher than current - as I type - approx. 40p ..
tejo
20 Feb 2018
sp rise I suspect that the rise is due to the comments in the Dart report, that the competition is stabilising in the industry. This certainly helped the big rise in Dart's sp although Flybe is in a different market, the outlook is brighter than it was.
