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JC I’m not confusing Revenue with Profit. I know the £700m is generating a loss. But Profit has to be seen as do able with Virgin otherwise they would not have made any Offer.

The Question is / is anyone prepared to meet same terms / guarantees as Virgin and pay more than 1p per share.

The 1p per Share was a token gesture from Virgin as it was first Offer. It was welcome because Flybe had a Definate Offer on the table. What was not welcome was lack of Info from BOD and manipulation.

I liken Shares to owning a Car that you cannot drive. Colin Hutch drives this one and after being brand new it’s soon caught a few problems with the engine now in need of a major overhaul. The Insurance Company has wrote it off (too much cost to repair). The engine is coming but it only a part fix.

What we need is a new Turbo.

In the mean time it is cheaper and quicker to get to your destination by public transport.

This Car is a Banger. And it didn’t take very long to get to this state. Bad driver.

There will be a Clause that says you can buy the car back for £10million within a certain timeframe (It says completion will occur subject to satisfying certain agreemements). The BOD never tell full story to SH and have continued like this during this whole debarcle.

If someone comes in with a £Billion (it won’t) now what do you think will happen ? Sorry the Company is already Sold ??

By definition the Company has not yet been Sold. Why ? ...

Any counter bid has to Match same Terms as Virgin re jobs etc. The bidding has started at 1p per Share. This is a guarantee. It will not go any lower. Will it end up 1p ? If no one else see’s upside then that’s the first and final Offer.

Lol Taverham.

I ask the Question. We have a Project to build a Company generating £700m Revenue per Annum. Year in Year out. We need to generate out of that just 3% Profit / so £21m per Annum.

How much money do we need ?

Jerseycrew. Yes it all adds up. I give you £200million Pound. Now go set up your own Airline from scratch and see how much Revenue you generate in first year. You’d get no where near £700m. Not a chance !!! You wouldn’t even get 25% to what Flybe is now.

So if this goes for 1p / £2.2m (and Accumulated Debt) then OMG.

Starance. I completely agree with you.

Virgin step in and offer lowball 1p Offer because they asses the circumstances and it was first bid. If it remains only bid then so be it. They took advantage of an Airline Trading as boarderline Insolvent brought about by the final nail been the Credit Card security needing moe cash.

If Virgin want this then 1p / £2.2m / there must be massive upside Potential on 2.2m. Because no one takes over a Company to weaken your own position. So if there were other bidders in the background that meet same Terms and guarantee’s then it’s who pays the most. Virgin would go to £10 or £20m surely as that is still peanuts on £700m Revenue.

The BOD as I can see have done it within the rules (Stinks) and I fancy there must be other due diligence taken place by other Investors but not played their hand yet (Apart from Open Market buying shares hmmmm..) so the bidding starts at 1p by Virgin.

Will it end up at 1p ? Does nobody else in the World want this for over 1p ? U.K. is best place to do business. This isn’t Mexico.

Smartie 2.
1/ Investors are buying into Flybe PLC as is now. Connect Airways is not in Operation yet as Connect have too satisfy various sign offs re Take Over. Investors will have to take 1p or nothing when deal goes through. However we await another bid perhaps ? If another Bid comes in and is better than Connect then how can Flybe not put that to SH ? Possible Valuation of return of Equity > £2.2m !!
2/ We Own the Company as Shareholders but have been hoodwinked into agreeing second rate listing so basically we are back of the que. We have no control other than legal Action.
3/ If it goes through (by definition it hasn’t so far ... ) then Connect will send you 1p per Share hopefully within 28 days but I fancy more to this than meets the eye.

As part of the Sale to Virgin (£2.2m) then that’s fair enough. It guarantees jobs (does it ? 80% of them) and they are taking over the Debt 100% so it is up to them to offer what they want.
I just feel set up your own Airline for £2.2m with £700m Revenue already in place.

Surely a second Party thinks more Value than £2.2m !!! If you had £200m to pay off Debt in Full etc then a Company with £700m Revenue in the U.K. Market is a steel.

I just fail to see that there is no one else in the World that isn’t prepared to Offer a better deal than Virgin. And I mean protection of jobs etc. If they do / then the BOD have a duty to put it to Shareholders and then we see how ,I have this Airline is worth.

If Virgin get this for £2.2m you have to say they have stole it.

Usually it goes to last minute and then we get to know the truth and whom was waiting to pounce.

With £700m Revenue and Infrastructure established and current Debt levels / everyone knows this is worth more than £2.2m. But it is what are people prepared to pay to get their hands on the Revenue vs Loss making that it currently does generate.

RJH27. Basically the Company has Debt it is struggling to Service it which has got worse through poorer trading environment. On a purely cash basis if you sold off all the Assets then basically you would still struggle to pay off the debt.
In come Connect (Virgin) to save jobs. £2.2m is on the table and will be taken unless a Legal case arises through malpractice.

Basically Virgin are getting a loss making Airline with 80% market share established and all infrastructure and £700m Revenue a year and all the intellectual property ie trained Pilots and routes and slots established for just £2.2million.

That is a steal in anyone’s book. Try setting up your own Airline from scratch / for £2.2m. Goodluck with that one.

Where it could be argued that Flybe Value is low due to Assets vs Liabilities this £2.2m or basically nothing. However there has been no Value put onto this whatsoever re the Position of Flybe in the Market. It is the biggest Sheduled Flight Carrier at several Strategic Airports and flies to 27 different Countries !!

Set up your own Airline as is now with Flybe. Start with £2.2million please !!!!!

Virgin Completely Opportunistic here and COW cannot loose. It’s Necker Island and job for life or Flybe somehow continues and she is ousted with her Shares. She’s done her time now. Shocking BOD.

Willy Walsh surely does not want this to go to Virgin ? There has to be another way but BOD blocked everything. So why is the end date end of FEB ?????????????

If this SP gains momentum after this RNS then I defo think potentially BOD could be held in contempt. When you analyse all the Comms it has been disgraceful. I don’t even think Virgin want this / hence the lowball Offer. Even if If does go through then the Flybe Trading Name can continue and has to be of more Value than £2.2m ?

It just isn’t right on so many levels re SH. What’s the point of being a Shareholder ? We either own the Company or we don’t.

Timing of this RNS another distancing Tactic from the BOD re SP. Complete disregard still to SH. Many Questions. Why the Connect Airways saga goes potentially into late Feb ? Hmmmm...

Reso. I think the £349.000 PB could get the Share Price moving. A way of creating Investor hysteria but my theory is very thin conspiracy. Get the PB Shares shorted. Nobody will mop those up. Same people who bought .3p PB with Shares now being shorted / Buy on Open Market If it hits .25p (nearly another 20% cheaper entry).
Then the price rises and those in the know are locked in.
I’ll watch for this ever hitting 0.25 and make my decision.
One thing needs analysing and that is the Market Cap. Obvs “Good News” has to follow from the Great Colin Hutch.
Massive Insider Trading.
I fail to see where they will create a Profit however so I remain unhysterical. There isn’t much mileage to pump and then exit with Shares but I watch and learn all the time.
You cannot trust them 1%.

I mean .. How much Buggenhagen on ? And other Director ?
Unless CH can quote some Plans to inc REVENUE and I mean DOUBLE it, on the hope of a Compressor / then we can never make any money.

How can AST make any Profit when 1 person CH takes £180.000 out of just £2million Revenue per Annum. Then there is all the other Costs.

Casino lifestyle.

I think this is what happens when Market Maker’s just let it Trade and don’t manipulate Market.
Everyone who has bought / surely large Sells will come and this goes down leaving those left in panicking.

Why no Communication re Connect Airways T/O ?
Why no RNS from BOD re immediate Company Cash Flow Position ?
Terrible from the BOD. Silence..

I was being sarcastic / quoting Mugwump. CH was wise with his words as ever so taking it from the Interview I believe it still in the top drawer, so as it stands Legal Action is a CC hangover and correct has in No Way been initiated.

The amount of PI money that has gone into this Company and then Value lost or extracted has been astronomical.

It’s ok New80. Relax. Mugs says it’s a foregone conclusion that Legal Action has already begun and will reap rewards. So we can’t loose. We either get the IPPC or we get the Compo !! No £ specific figure though. But sounds like a Winner to me !!!! Yippee !!!!

Mugwump.
Has initiated legal Action which is foregone certainty of success for AST ? .... ???