PYX Resources: Achieving volume and diversification milestones. Watch the video here.
Promise I'll shut up after this post, but the average age of the flybe fleet is 9.5 years. That however includes the E175s none of which is more than 6 years old. Of the 56 Q400s in service, 19 are more than 10 years old. The oldest was delivered in June 2003 ( source www.planespotters.net)
I'm quite upbeat about todays events. It seems to me the new CFO has got a handle on the base costings of the organisation and is demanding change in the way maintenance in particular is carried out. If this reflects a new culture of "clean sheet of paper" approach budgeting rather than just amending budgets based on previous outturns, then it augurs well for the future.
Northam - just to clarify, Sam is right, the results are coming on 9th November. Today's announcement is required because the previously issued profit forecast or guidance is not going to be met. The Board are obliged to tell shareholders as soon as they are aware (and not to await the results) if there is a material difference to the forecast performance out turn.
The downside of focusing on a turboprop fleet. Planes with "elastic bands" are costlier to maintain than jets and therefore liable to cost overruns if you get a bad patch of reliability and our fleet us getting older too. But they are still forecasting a profit.
The best assets Monarch have are the 4 A321s fitted with winglets which are only about 4 years old and the 1 X 737-800. With the end of the northern hemisphere summer season it's hard to see a market for the older A320 & A321s. The prize for someone is the profitable engineering arm with its big hangers at Luton and Manchester and forward contracts with other airlines.
In my opinion, averaging down in any share is not a good idea. It locks you further into a share that has historical issues, and you miss out on growth opportunities elsewhere. E.g. If you had bought flybe a year ago at 45p and you then bought again 6 months ago at 40p, you might think you've done well sitting on average of 42.5 just above today's price if 40p. But if you didn't add to your flybe holding and instead you'd put your money into say Dalata Hotels 6 months ago at 380p, you'd be sitting pretty today at 490p. Your flybe holding would still be a loss which will take longer to unwind, but your portfolio will look much healthier with your growth stocks compensating.
Won't be a delay in Brexit trigger as Labour has agreed not to obstruct. Scots position weakened by Supreme Court saying they have no role in EU matters. Short term then ok, though lots of problems to come as Brexit imposed on Scots and Northern Irish who both voted remain and the hard border returns with the Republic now inevitable given UK leaving the Customs Union. Given all the political uncertainty, I'm not sure equities are a good place to invest right now.
Brokers earn commission on both buys and sells so they set a price that maximizes activity. On good news the price rises as people are willing to buy but also some will cash in profits and sell.
It's not prejudice to dislike fascist regimes that imprison those who oppose it and wage war on a huge section of its population - the Kurds. If you are genuinely interested the top destination for gay men is Gran Canaria.
Sorry re typos but you get the drift
Is an in democratic basket case and high security risk. Whilst PKK activity is directed against army and police, ISIS targets commercial activity eg airports. It's popular with working class chavs who have no knowledge of world events until an event that hits close to home eg a resort they have visited whereupon they'll cancel in droves. It's also a zero market for big spending gay men. As long as TCG stays in Turket we'll be liable for big shocks IMHO
FTSE 250 I meant
Well Harry the FTSE is down a bit more than TCG so it's outperforming the market today. My guess is that TUI is seen to have moved out of Turkey quicker. Also the emphasis to Long Haul has come at the worst time with Zika and Brexit fears. The market clearly doesn't think our management is as good as the rest of the sector.
Why does this share move around so much? Huge swings mainly downward despite lack of imbalance buy/sell or any specific company news? Who is manipulating it, and why?
Tcg is no Rya. The latter aggressively pursues market opportunities and is a leader not a follower. O'Leary knows his business whereas our board is pale, male and stale IMHO.
It is the managements fault if they don't read the signs. Turkey has been going bad for a while and is only attractive to low spending families seeking a bargain. We aren't going to get decent revenue with them. One of the biggest demographics for high spend is gay men and Turkey is a homophobic country so they don't go there. We need to pursue quality not quantity.
The economic hardship of a leave vote is indisputable. The uncertainty has already hammered Sterling. My company pension is paid in Sterling and then converted by a middleman and paid in Euros to my Irish account where I am domiciled. Since January my monthly pay received has fallen by €137 due to Sterling collapse. Am desperate for a revival Friday post Remain.
With oil prices low, people can use second cars. Bus operators do best in recession when people have to give them up. Also Stagecoach will not overbid for rail franchises so often lose out to those willing to take a risk. It's a very conservative company IMHO as per its Scottish Protestant roots so will never set the market alight.