simplywall.st article17 Nov 2018 14:31
simplywall.st/stocks/gb/transportation/lse-flyb/flybe-group-shares/news/should-you-wait-before-investing-in-flybe-group-plc-lonflyb/
"Opex (excluding one-offs) grew by 3.4% over the past year, which is relatively reasonable for a small-cap company. Though, my cash burn analysis suggests that Flybe Group has a cash runway of 1.9 years, given its current level of cash holdings. This may mean it will be coming to market sooner than shareholders would like. Furthermore, even if Flybe Group kept its opex level at the current US$29m, it will still be coming to market in about 1.9 years. Even though this is analysis is fairly basic, and Flybe Group still can cut its overhead in the near future, or open a new line of credit instead of issuing new equity shares, the outcome of this analysis still helps us understand how sustainable the Flybe Group’s operation is, and when things may have to change. "