10 Jun 2016 08:42
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Flybe Group Share News (FLYB)
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Flybe Group Information
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Don't have an account? Click here to register.Flybe flies higher on HSBC upgrade to 'buy'
Fri, 18th Nov 2016 09:16
(ShareCast News) - HSBC upgraded Flybe to 'buy' from 'reduce' and lifted the price target to 55p from 20p, saying the company is in a substantially better place that it previously thought.The bank said the group's first-half, reported earlier this month, was much better than it expected with operating profit and underlying pre-tax profit both roughly treble its estimates."We were pleasantly surprised by the yield performance of Flybe in H1, whilst our forecasts for both other revenues and costs undershot significantly," it said.In addition, HSBC said it was encouraged by Flybe's hedge portfolio. It noted the business is very exposed to the USD/GBP exchange rate and fuel price."We now know FY18 USD/GBP is 71% hedged at USD1.44 and FY18 fuel is 71% hedged at USD487/MT, both more than double the protection we previously anticipated."The bank said Flybe was "taking back control" and executive chairman Simon Laffin offered a credible presentation on how for the first time since the IPO, the group will have control over its capacity after the end of full-year 2017."Until now Flybe's capacity has been growing at a rate dictated by the previous management's necessary actions to reverse out of legacy aircraft orders. From the 80 aircraft fleet at FY17, Flybe will now be able to manage its fleet to 65 by FY20, or grow it to 84, depending on the market."At 1008 GMT, the shares were up 1.2% to 44p.
More News
9 Jun 2016 12:44
Broker tips: Antofagasta, RPC, Flybe
(ShareCast News) - Antofagasta shares dropped on Thursday as Canaccord Genuity downgraded the stock to 'hold' from 'buy' and lowered its target price to 475p from 550p. Canaccord said changes to the Chilean tax regime through 2018 may put pressure on Antofagasta's net margin and dividend. "The comp
Read more9 Jun 2016 12:26
Flybe rated as 'buy' with 132p target price by Numis
(ShareCast News) - Flybe shares fell almost 5% as Numis rated the stock as a 'buy' with a 132p target price. Numis said Flybe's reported pre-tax profit of £5.5m, from a £25.4m loss, was ahead of the brokerage's forecast for £3m. This meant the regional airline had achieved an important milestone in
Read more9 Jun 2016 12:08
Flybe returns to FY profit, issues cautious outlook
(ShareCast News) - Shares in Flybe fell almost 5% as the regional airline returned to full-year profit on improved revenue, despite the impact on bookings due to terror attacks in France and Belgium, but issued a cautious outlook. Pre-tax profit was £2.7m, from a re-stated loss of £23.6m a year earl
Read more2 Jun 2016 15:09
29 May 2016 15:07
Sunday share tips: Flybe, United Utilities, FairFX
(ShareCast News) - Sell shares in Flybe, was the verdict of the Sunday Times' Inside the City column as prospects for profits look limited. A week and a half away from full year results, shares in the regional airline are flying at 53.5p, half the level they started 2015 and valuing the company at a
Read more7 Apr 2016 10:43
Flybe descends to six-month low on weak demand and dollar uncertainty
(ShareCast News) - Low-cost airline Flybe said it was on track for its summer trading as it reported stable passenger numbers for the fourth quarter and said 2016 results are likely to be in line with market expectations. In a trading statement for the quarter ending 31 March, the company said seat
Read more7 Apr 2016 10:00
Flybe progress overshadowed by booking uncertainty and currency costs
* Says on track for 3 mln stg FY pretax profit * For 6 mths to Sept. 30, 21 pct of capacity sold, down 3 pct pts * Strong dollar to cost 7 mln stg in 2016/17 financial year * Shares down 8 pct, hit lowest in 11 months LONDON, April 7 (Reuters) - Shares in Flybe slumped to
Read more31 Mar 2016 15:15