Member Info for BTFATH1

I am a Corporate Director of a plant and machinery company and have 78,000 shares invested at 11.39p. You??

Quick sharp 18 million quid with 610 million quids worth of assets and 210 routes none of which are on the balance sheet

With any news on who has bought the 50 million shares sold. I think we are going to get a juicy rns soon :-)

Exactly 23-27p is my guestimate and that would be the bargain of the decade

But it will do for starters with FT confirming that EasyJet and Stobart are interested in buying part or all of the business.
IAG will join in the mix soon

107 million :-) 15p Just clueless Night night

Net assets grew?? Profit before tax of 14 million??

Yes mate 5x less Nav and 32 million under cash in the bank - think you need to revisit things!!!

Sale & leasebacks take at least 1-2 months i operate in this area.
If no bid arrives I guarantee a deal is being discussed to s&l all the planes hence the assistance from the accountants this will catch a number out :-)

Bye all see you at 17p

They have at least 12 months headroom without selling a dime more.
All the doom merchants can’t argue with that it is priced 33 times less than net assets :-)

Fastjet is 7 million less in the mc and has a couple of turbo propellers :-))))))))

More facts simple stuff to sort and already accounted for

To be honest I could care :-) night night

H1 profit of 14 million before tax 7.2 million after
Passenger rates up
Q3 is showing a positive improvement with 63% of seats sold
Sorry cash levels at 70 million
Nav up 27 million to 118 million 6 times less than the mc
Tax loss benefits from previous year
Borrowings for whole of 2018/2019 18.7 million this the crucial bit as this is their only borrowings repayments apart from working capital that needs to bet this year.
Colossal cost saving exercise

The only concern I see is the purchase of jets in mid-late 2019 which there are get out clauses tied to them.

I am very certain if the buyout dies not happen they are working on a man S&l for the 286 million quids worth of planes. It would be great if they are working with the supplier with the four jets.

No way they would be thinking about purchasing 4 jets at 100 million plus if they were struggling or entering into a 25 year agreement with Exeter airport for 5 million quid for an empty refuge by shed..
I think H2 is going to be far better than expected with the cost savings, fuel costs dropping and passenger numbers up.

One last aspect I looked at flights for two weeks timevto Edinburgh abc they are 2.4 times cheaper than a ticket on Flybe and 3 times quicker.

Done my research see, be nice if some did the same!!!

Post of the day at 20:43, facts not piffle always wins the day!
286 million quids worth of aeroplanes
£630 million of assets
None of the 200 routes/slots are on the balance sheet
Intangibles 11 million attributes no value to the brand whatsoever (thousands of companies with 90% of their Nav listed under this alone) aka a zombie company
57 million in cash
Fuel dropping through the floor $20 down and will continue to do so as the global downturn gains traction (100 million spent on this alone a year)
HQ and Hangar 1 worth twice the MC alone
Stobart and EasyJet interested in buying part or all of the company FT Article
No rights issue announced this for me was my only worry with the last announcement even with 57 million in cash
Largest carrier in Europe
A billion in turnover
Foreign investors bidding looking to gain a foothold in the U.K. also helped by the weak pound.
Wales, Jersey Guensey, Exeter majorly hit if things were to get worse in 2-3 years.

Have a good Sunday all gardening, bike ride and family time is in the agenda

I think some may be ignoring this:-)))))))))))

Some potential buyers emerged quickly. EasyJet and infrastructure company Stobart Group said they were looking at buying all or part of Flybe, which has valuable take-off and landing slots at airports including London City and Gatwick. (It has been an important “feeder” airline into long-haul flights from the UK’s larger airports.) Stobart made a failed approach for Flybe earlier this year when the share price was much higher.

Showing $58 is going to be reached. $20 down in a few months and constant over supply which will continue and an up and coming global downturn will add the to downside. 100 million a year is spent by Flybe per year. Get hedging for mid 2019 onwards Christine.

Another great post with some superb facts and tons of research :-)

Seen it all again today is there one poster who can outline why this not good value at 18million mc because I am yet to see a valid reason.

Night night

And with Christine’s links to those two companies in Europe, combined with the fact the mc should have never been anywhere close to what is now, provides a very very limited window for them
to pounce. 60 million in cash we don’t have to rush.

CNN interview “my main aim is to cut costs and increase shareholder value and preserve the sizeable cash balance”

Please keep posting and big welcome back.

Btw Tom W is back skating Flybe, time to get buying more then. I get a sense of twitchyness from some doom merchants as they are now comprehending that the tea boys might have not done enough research.

Excellent post the only aspect I feel you miss out is the European and international companies who will be looking pre & post Brexit to take advantage if the weak pound and colossal opportunity for cash rich or companies looking to expand or gain a foothold in the U.K.

Interestingly in the subject of BA they held a stake in Flybe but sold it apparently at the request of the board?

Bring on next week the FT article alone is an eye opener to many who read the tripe that the DM & telegraph get their office tea boy to post :-)