Being wildy misquoted today, far more REAl buys than sells, looks like a large order being drip fed through, be interesting to see if we bounce before close, not the first time i've bought FLYB in these circumstances, ride on the fins of a bigger fish :-)
Good price today
Topped up again today and will keep gobbling them up at this price, my conservative estimate in the short term is 125p, news of the contract signing for the MOD is due imminently and should see a sharp correction to 125-130p. I can see this hitting 140p when we get the next quarters trading update, accumulate now and hold is my strategy on this one.
Positive news but..
I'm still at a loss as to why the SP tanked?? http://www.thisismoney.co.uk/money/article-2702874/Regional-airline-Flybe-sees-turnaround-off.html
Drop in SP
When i looked first thing this morning Flybe's SP was up around 8%, presumably on the positive RSN. Whilst I didn't expect it to stay as high as this, I really hadn't banked on such a significant fall. Any thoughts folks?
"We have launched a number of new routes and products, re-launched our brand and announced a number of exciting strategic developments with new partners. We have achieved a significant amount in the quarter, with substantially more to do in the months ahead." "Our plans to address the few remaining legacy issues in the business, especially the grounded E195 aircraft and the loss making scheduled flying business in Finland, are progressing and I look forward to providing further updates in due course."
Organisational discipline - driving efficiency by employee engagement and operational excellence · New employee engagement programme, "The Purple Way", and new training programme, "Flybe Loves Service", being rolled out across the business. · MRO business unit to be retained, as a separate strategic business unit, following a detailed review and efficiency programme. · Confirmation of long term commitment to the Training Academy in Exeter. Flybe Finland - white label in line; in dialogue with Finnair to address scheduled flying performance · Flybe Finland's white label business performed in line with expectations. · However, continuing decline in the domestic Finnish passenger market resulted in continuing revenue weakness in the scheduled flying operation. That decline has more than offset the reduction in scheduled capacity, and so losses in scheduled activity continue to be unacceptable in the Finland JV. Flybe is working with its joint venture partner, Finnair, to agree the necessary actions required to address this as soon as practicable. Growth plans under way · 16 new routes launched for Winter 2015, including five new London City routes and extension to year round operations of six of the Birmingham summer routes. Further routes being actively considered. · Starting in October 2014, our new Flyshuttle service will offer customers a multi-stop 'hop on and off' service between Jersey and Aberdeen with up to three flights a day via Southampton and Leeds Bradford airports. · In June, Flybe's franchisee, Stobart Air, commenced operations from Southend Airport, flying two ATR72s in Flybe's new purple livery. · New code share agreement with Finnair launching in August 2014, under which Finnair's code will be attached to Flybe's UK domestic flights into Manchester. Codeshare agreements under discussion with other potential airline partners to improve UK regional connectivity to the wider World outside the UK. · Flybe Aircraft Maintenance has been awarded preferred bidder status by Airbus Military to provide Maintenance, Repair & Overhaul (MRO) services for the Royal Air Force fleet of A400M Atlas new generation airlifters at RAF Brize Norton. Q2 2014/15 current trading remains in line with management expectations · Flybe UK's current forward booking profile for Q2 2014/15 shows: o Seat capacity of c2.7m seats, down by c15% vs. prior year; o c45% of seats sold as at 14 July vs. c40% in the prior year; o Passenger revenue per seat up by c9%. Saad Hammad, Chief Executive Officer, said: "Flybe's momentum continues, with an encouraging start to the year. Our focus and discipline is delivering the operational improvement in the underlying business that we demand and which is required to drive our future profitability and shareholder retu
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