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Flybe Group Share Chat (FLYB)



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Pokerchips
Posts: 7,507
Opinion:No Opinion
Price:3.75
RE: another noobie question
11 Jan '19
" Since price of fuel has halved"

PiranhaPires

fuel is mostly hedged so short term changes in fuel spot prices dont have that much of an effect
 
Pokerchips
Posts: 7,507
Opinion:No Opinion
Price:3.75
RE: another noobie question
11 Jan '19
I think the 22ml loss has to be scrutinised!

PiranhaPires

actually I just did that...good point.....i got that from the BBC when they put themselves up for sale ...but..when I looked into it just now.....it turns out to be likely to be 12m because although there will be a 22m loss that will be cushioned by a "dividend " of 10m from a lease term pay back ..that from the previous profit warning

https://www.bbc.com/news/business-45887289
PiranhaPires
Posts: 339
Opinion:No Opinion
Price:3.75
RE: another noobie question
11 Jan '19
Hmmm...Pokerchips, I think the 22ml loss has to be scrutinised!
That was possible at the worst time, they came up with that figure.
Since price of fuel has halved and they had the Christmas period + this years holidays that most people have booked.
Would be interesting to revise their figures by end of May/June to see if is all that bad!
And true valuation of assets including all the slots which are being offloaded at bargain prices.
It’s a rip-off and shareholders are paying for it
Also all those purchase shares today, where did they come from, can’t believe that most shareholders would have sold all their shares at such a loss!
But never the less it’s dirty move
Taverham
Posts: 1,344
Opinion:No Opinion
Price:3.75
RE: another noobie question
11 Jan '19
Ref another 'offer'. Other companies that expressed an interest went through and process which resulted in the current bid. That process would have reviewed the proposals wrt many criteria. I have no idea what the criteria were but, if for example bidders a and b indicated cost cutting through redundancies they may have been eliminated in favour of the consortium- who knows. hopefully the process was applied fairly but the lack of mention of the needs [or primacy] of 'shareholders' in the final para of RNS 3 leaves me with many questions. I could construct a process that gave me the answer i wanted.
eviking
Posts: 2,406
Opinion:No Opinion
Price:3.75
RE: another noobie question
11 Jan '19
Virgin got in on the deal to get slots for next 2 nothing. Small investors get nothing.
Pokerchips
Posts: 7,507
Opinion:No Opinion
Price:3.75
RE: another noobie question
11 Jan '19
If a new company is setup, can they keep the slots at LHR?

yes...as long as they dont sell them then they would remain an asset ...the new company would aquire the assets as well as the liabilities

isn't that of more value to them than £2.2 million?

you are talking about one asset....the new company would take on all the assets but ALL the liabilities ..once you sign the paperwork and the deal is done the costs of running the company then become your responsibility.....the company currently operates at a loss - they already said full-year losses would be £22m

Is there any chance it is an offer to test the water and bring out any other potential bidders knowing it would be rejected?

Well....any potential bidders have already had a period of time to approach the company and look at all the accounts and make an offer ...

The question would be whether there was a timescale put on making such an offer ..that I dont know

Clearly shareholders "could" be given an alternative offer but that remains to be seen
antonymount
Posts: 19
Opinion:No Opinion
Price:3.75
another noobie question
11 Jan '19
If a new company is setup, can they keep the slots at LHR?
If one pair of the slots at LGW are worth £4.5 million what are the LHR slots worth? Surely that is what Virgin is after along with the feeder routes isn't that of more value to them than £2.2 million?
Is there any chance it is an offer to test the water and bring out any other potential bidders knowing it would be rejected?
Could IAG issue and RNS suggesting they are looking at a bid in order to push up the price and cause Virgin/Stobart to pay more?

Sorry for the questions I am just trying to get my head around what is going on so I try not to make the same mistakes again. I have accepted I have lost my £16,000, but I want to learn my lessons.




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