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He has always been very honest and open and told us he doesn’t own shares in flybe.
Umm no, unless he told us he sold them and then you had his post removed and therefore i missed it (which is entirely likely), he still owns shares. And avoids the question when asked why he hasnt sold them because it shows him for the fraud he/she is
Realistic sold his shares a long time ago but you clearly has an issue with your memory !!
I imagine you'll be selling your shares then
Just popped back to see how "well" Flymaybe are doing - oh dear, what a mess! Whether they have a clear direction or plan in place is anyone's guess, but the execution of their current strategy leaves alot to be desired! With virtually every shareholder now sat on losses the pressure really is on to do something drastic - I am probably not the only one who continues to be utterly dissapointed with the current management team who just continue to grow in numbers without having a positive effect on the business. November's update will need some seriously positive headline numbers and proof that something they are doing is actually working. It's all a bit groundhog day or Flymaybe, the writing is on the wall #TWT
Every day we head further away from 27p... Awkward.
Well spotted Sam The appointment doesn't fill me with too much excitement. 30 months at Air Seychelles which is tiny, but now profitable. Preceded by Etihad for ten years in various guises, another Middle East airline and the mess that was BMI. In my experience Middle East airline expats are there for the money/lifestyle/tax benefits and aren't the sharpest knives in the box. Hopefully I will be surprised.
Really can't see why this company needs so many 'chiefs' given its current size. What precisely does COW do if all these other guys are around? Far too top heavy and money they don't have being wasted. Looks anything but a lean burning machine to me.
FLYBE APPOINTS NEW CHIEF COMMERCIAL OFFICER Flybe, Europe’s largest regional airline, is pleased to announce that Roy Kinnear who is currently CEO of Air Seychelles will be joining the company as its new Chief Commercial Officer (CCO) with effect from January 2018. In his new role, he will report directly to Flybe’s CEO and be a member of Flybe’s Executive Committee. He will have overall responsibility for heading up the airline’s commercial activities with its Revenue Management, Network, Scheduling, Ancillary, Sales, Marketing, e-commerce, Customer Care and Loyalty teams all reporting to him. Mr Kinnear possesses a wealth of commercial airline experience gained from over 30 years in the industry having previously held various senior management roles with carriers that have included bmi, Gulf Air and Etihad. Associated with this change, Flybe’s Chief Revenue Officer, Vincent Hodder has moved to take up the position of Chief Strategy Officer. In this role, Vincent, will be fully focused on looking for new strategic opportunities that will drive profit growth. Prior to Mr Kinnear’s arrival at Flybe, Ronnie Matheson, Flybe’s Director of Revenue Management & Distribution, will take up the role of interim CCO. Flybe CEO, Christine Ourmières-Widener says: “Roy will bring some exceptional talent to Flybe and we are thrilled to have recruited him to join us. He has a wealth of experience and I know that, with his very real passion for the industry, he will add an exciting new dimension in leading the commercial area and help continue the implementation of our plan to position Flybe as Europe’s best regional airline.” “I’m delighted to be joining Flybe in this new role,” adds Mr Kinnear. “It’s an exciting time for the airline as it consolidates and continues to build on its position as the leading regional airline in Europe. I’m very much looking forward to working with the commercial team to drive up the airline’s profitability.”
"The 4 analysts offering 12 month price targets for Flybe Group PLC have a median target of 45.00, with a high estimate of 50.00 and a low estimate of 35.00. The median estimate represents a 36.36% increase from the last price of 33.00." The FT might be wrong but having watched the news and sp I see this company as a reasonable investment at today's price. If you purchased them a year or two back then Flybe is a dog. Timing helps and patience rewards?
Floated this idea on Stobart board some weeks back but no response there. I thought the 20% drop in Flybe sp overdone as they continue to make profits and on the basis of today's news have purchased another 5,000 a few minutes ago. At worse I see Flybe making modest profits over the whole of 2018 and given the crap state of UK roads remaining an option for business customers. FT tearsheet suggests 35p the bottom end of their forecast range hence I see it as a cautious buy.
Tostal, I respect the views of industry insiders like yourself, but there has to be a good reason the ATR72 outsells the Q400 by a factor of 2 to 1. That alone allows leasing companies to take a bigger residual value risk on the asset and therefore offer lower rates on the ATR because the second hand market or secondary lease period demand is stronger The speed advantage of the Q400 is not much benefit on short sectors. I still think turboprops are resisted by business customers and at a time of cheap fuel, a regional jet offers many advantages IMHO.
Kept off here for a few days to avoid the predictable tosh that was obviously coming after the RNS. Good move and kept my blood pressure down. Apart from the obvious tosh writer having his sport for a few days it appears to have calmed down. Very pleased to be able to hear from the likes of toastal who has in depth knowledge of the airline and his take on positivity at Flybe HQ. Underlying progress is good, numbers in November will shed real light on progress. Another share I am invested in is NCC which had three profit warnings Oct-March fell from 240's to 80's but once underlying position understood is now back to 230's. Maybe similar here, but at moment too many idiotds punting views about similarity with Monarch/Air Berlin/Alitalia which couldn't be more different businesses to Flybe each with their own long standing unique issues. Flybe had its own issues and these have been addressed, the three above didn't address theirs and the inevitable has happened. Onward and upward
'Walk me through your mathematical calculations using data from 18 months ago when you predicted it that resulted in the share price of precisely 27p.' LOL! I have to admire your sense of humour, Northam. He can't even manage long division! Not that he will address and pertinent point or answer any question...think it's time he was left with his self-delusion.
The fact is that Sam's 27p matters not. This airline is slowly getting into good shape and that is undisputed because costs are reducing, as is capacity. And guess what, if you want to travel within certain parts of the Uk, Flybe has to be used.....period. Thank goodness the train network in this country is sh$t and rediculously expensive, and that won't change for a long time. A big problem is that this company has been systematically raped by Jim French (who should be serving a custodial sentence for fraud and embezzlement in my opinion) and the narsacistic bully that was Saad Hamaad. A fortune was spent on rebranding for no reason. Over a 20 year period, I have captained nearly every aircraft in Flybe's historic fleet and have to say that there is no better aircraft than the Q400. It is quick, cheap to run and extremely versatile. To move away from this aircraft, would be suicide for the company and I can't see it happening any time soon. In the cold light of day, these aircraft are relatively young (RYR were operating B737-200's from the 1970's up until 2004!!). If you give people reliability and value for money, they will travel, wether on "rubber band aircraft " or not..FACT!!! COW is well received and unfortunately, the collapse of Monarch will play into Flybe's hands, as pilots will not be able to move on from its ranks for some time. This will do well, but it will be turbulent, for that there is no doubt.
I mean we arent at your magical 27p Sam, i'm not sure why you're claiming victory. Walk me through your mathematical calculations using data from 18 months ago when you predicted it that resulted in the share price of precisely 27p. If you can do that and it does hit 27p, i will give you your victory
So, sacked, how many thousands of pounds did you make 'by calling it right'? I mean any old fool can say Man Utd will win 1-0 on Sat...& even be right...but unless said individual puts his money where his particularly large and uneducated mouth is (the majority feel Man Utd will lose...) then there are no grounds for gloating. In fact, the matter would be even MORE embarrassing if in fact the said individual was actually crowing from on high about his correct GUESS, but in actual fact, went with the crowd and backed a Man Utd loss...! This scenario strike a distant chord with anyone?
This share is a strong buy and like you say well over sold. Yes having spoken to personnel its going to make a profit this year and confidence is high down at HQ in Exeter for future growth. RWK
At least you along with a number of others now agree it’s likely we will continue to drop into 20’s, this is a very different attitude than what I have seen over past 18 months. Looks like the faith in Flybe has been dented after the second profit warning of the year.
But my point is you first started droning on about 27p about 18 months ago but when pressed couldn't explain that valuation other than saying "well thats half of what i bought for". In the next 20 years of Flybe i bet it will hit both 27p and 50p at some point....
I am not so sure about your prediction of 50 anytime soon where as my prediction of 20’s is just a matter of days away. And last week many were saying how flybe had turned a corner at last how stupid they all look now after 2nd profit warning of the year. What a start COW has had.
Sam did you ever hear the share analogy about if you follow a car long enough you'll eventually catch it speeding? You've been saying 20s for well over a year now. I could predict this share will be 50p at some point. It might take years to get there and by dumb luck i may be right at some point. It doesnt make my prediction intelligent, and if it took well over a year to get there i would be embarassed to claim that as a correct prediction. Especially if I knew nothing about investment, the stock market or business in general.
Look 👀 nobody can predict this but it’s my opinion.
It'll be interesting to see if you're right, sam
I think it will settle mid 20’s leading into results in November.