Member Info for JH77

Spread is pretty tight now as well. Roll on RNS re IAG bid.

Thats good news . Thanks for posting

We could do with a few really decent chunky buys here to put a bit more oomph into the SP here today. That and a positive RNS from IAG

Yes

I am patiently awaiting this one.....

Must be gospel truth then.

Not seen anything so far about IAG rumoured interest here.

Its a valid point he is making. These shares could be suspended from trading while negotiatons take place. And IAG would face some pretty substantial regulatory and competition issues regarding the Heathrow slots in particular. I remember when IAG were in the process of acquiring Aer Lingus....the whole process took about 16 months to unravel.

Hi Toastel. I love a healthy dose of scepticism and totally agree that there are some bullshit valuations being suggested here. I think however that you are being a little ( or rather..very) harsh on the management team. The airline business is a very tough game, and hard to run profitably. Look at almost all the major European airlines. BA, Iberia. Alitalia, Olympic, Aer Lingus. Sabena and indeed our American cousins...many of these have incurred losses year on year with the odd profit making year and some on that list have gone bust. The fact is that there is already a rational plan being implemented to turn the company's fortunes around...but it will not be done in the blink of an eye as leases on aircraft surplase to requirements can not be terminated at one weeks notice. I agree that this is not a share for widows and orphans and if the sale of the airline does not go through then the SP will retrace, also I don't really trust Branson to pay a decent price. So I'm putting a takeover valuation in the region of 25 to 35p a share...and yes, it is a risk.

My understanding is that they own 27 aircraft outright.

I've been searching through old news reports to try to establish what price the unsuccessful Stobart bid for Flybe in March 2018 was pitched at. But I can't find this information and I don't know if it was made public at the time. Can anybody throw any light on this question? Obviously what I am seeking to do is to come up with a number which would equate to a successful sale price to the board and the shareholders. Granted the circumstances have changed in the meantime, and Branson is a bit of a wheel kicker....but I've got a feeling that COM might look favourably on a cash offer in the region of 30p a share (give or take 5p). Anybody got any thoughts?

They'll be runnin out of shares in a bit! Expect that when an announcement is made that it will be cautious as any responsible company would behave.

Well done Oilbell... You thinking of bunging some of your profits back into LOGP. We've been missing you over there! Check out the story of the deal with the Chinese!

Seem to be a few of these about this morning...content with a small profit. Surprising, but thats the way the market is nowadays

I cant see one today....Anybody else?

All going reasonably well, I have a feeling that recent buyers are in for a rare enough chance to make a very decent profit if deal is struck. Watch this space!

Opening offer will be just Ok. The herd will then sell out for their weekend beer and drugs money. Miracles dont happen in 10 days. Holding on in here.

So far this bid approach from Virgin has only been reported by Sky and the Sky story has been repeated by the Sun / Star and other rather proletarian newspapers. Until I read it in the BBC, I am not getting too excited. Mind you....I hope this is true.

Who should get rid of the crippling APD which FLYBE have to pay twice. Makes it harder to run internal routes at a competitive price and turn a profit. I wonder are comparable operators such as Binter Canarias and Air Nostrum at a similar disadvantage?

Interesting that none of the other papers carried this story either.... I would have expected the Examiner to have covered it if it has any substance, given their local Cork slant on the news. Wonder if this is FAKE NEWS.