Member Info for Fourprinces

Get in! https://www.investegate.co.uk/active-energy-group--aeg-/rns/updates-on-newfoundland-and-north-carolina/201811190700067314H/

It's like the end credits of The Walton' in here...https://www.youtube.com/watch?v=cp7_u0kcQRo

I do think it's worth answering all questions rationally. I've had a quick look at the chart and it's basically an inverted hammer or morning star. May go a little lower but the chart trend is up. Sentiment on sale is up. We'll see.

If it goes down to 6 i'll buy the company lol.

Make your mind up. Basically.

Hang on. A few posts ago you said 15?

As ever the market will decide. Presumably the SP has gone too low for shorts to be in play? And Delano your saying 15? That's near enough a bag from here...

So true value £107m. Distressed value (which I don't believe) maybe £80m? I do think it'll be sold. Stobart, given their connection need it to survive and I don't believe for a moment EJ and IAG aren't looking at this very closely. Worth reading Simon Calder in the Indy on this. He really knows his stuff and gives both sides of the argument.

https://www.independent.co.uk/travel/news-and-advice/flybe-sale-buyer-airline-oil-prices-profits-revenue-flights-a8632741.html
https://www.independent.co.uk/travel/news-and-advice/flybe-sale-takeover-airline-financial-losses-passengers-flights-update-a8635186.html

Hey Scully. Get that. I know BBs are the worst place to research a share but always worth checking IMO. So everything I've looked at points at your target but still digging around. If I buy i'll do it with good reason and post my thoughts, if I don't a heartfelt good luck with it.

Anyway. Food for thought.

and that was for the same number of planes and taking on the same amount of staff that flybe currently have

I suppose you could say the same of Air Berlin but even there the asset strip by Lufthansa and the EJ netted 250m euros

Say what you like I'm just basing this on what the Financial Times think.

Which is included in the FT's calculation...

So can you argue the sale price shouldn't be less that £107m? I'm asking not saying by the way.

Less woolly now.

"By established convention, companies are usually valued on the business enterprise value basis. For publicly traded companies, this is the sum of the shareholders' equity, less cash or cash equivalents, and the total value of debt. ... Private companies often sell in an asset sale transaction."

What I'm woolly on is how relevant EV is to sale price.

I guess. Only comparison I could really find was Air Berlin asset sale to Lufthansa and EJ. Not great when you match up the numbers.

Not a holder as yet but interesting line on the EV from the FT

https://www.ft.com/content/9d5ab702-e7db-11e8-8a85-04b8afea6ea3

Flybe’s pre-tax profit fell 54 per cent to £7.4m in the first six months to the end of September, compared with the prior year. Revenue fell 2.4 per cent to £409.2m and net debt grew nearly 40 per cent to £82.1m. The company now has an enterprise value of £107m.

Should be on expected news