Ryan Mee, CEO of Fulcrum Metals, reviews FY23 and progress on the Gold Tailings Hub in Canada. Watch the video here.
Excellent, means we have two months of Q1 update at results announcement in June and two months of Q2 at September AGM.
Measured and interesting post from ifluaj, thank you. Pretty much agree with all the analysis
Still up on a down day generally, one step at a time. Where’s Wally?
More subtle than usual, but negativity still there. I see a couple of posts from this morning have been deleted, but the usual suspect has left mine from yesterday intact. Must be feeling guilty....
Market seems to have woken up this morning.....up 27p so far......maybe rerating up to �12.00 + due good results, improved divi , now yielding 3% with expectation of progressive future policy. Don't look to be many obstacles to continued growth Happy
Your pious and hypocritical tone will not wash at all with the other legitimate users of this board. Slime ball
My investments are my affair, you posting a live link to an aircraft on a distressed approach to MAN airport is something I just can’t ubderstand but is disgusting and a matter of public record. You should be ashamed of yourself
And your excuse for posting that vile link at Manchester Airport when there was a Flybe Q400 on an emergency approach a year or so ago is what you vile ghoul!? Unforgivable and disgusting. Don’t you dare try to take any moral high ground you slime ball.
Yes JustSayin, agreed. And don’t get me started on the dreaded “headwinds” that airline CEO’s and CFO’s use thinking they are being clever as it’s vaguely relevant to the aviation sector...... If they ever said that the economy/market/demand/weather was fantastic and that in those times anyone with half a brain could make money in airlines I could forgive the negative tosh, but they don’t and I can’t. I just wish they would get on with the job they are well paid to do and don’t spin everything so that they look heroic in making a profit occasionally....
Borrows has just bought 250k shares at c£2m, probably a pretty good positive sign of what he thinks the future holds for 3i plc
Two ways of looking at this... 1) usual generic comments from airline CEO when caught in unguarded moment at conference by journalist keen to make a name for him/her self........I don't recall one ever saying "it's an easy life I have, fuel is too cheap, currency incredibly overvalued, there are no issues with me starting as many routes as I want and I can't get into the office because of all these pilots queuing up for jobs with us" Or 2)" oh my god, I hadn't realised that things were SO tough in this industry, I will have to sell all my shares( if I have any) this very minute. Please be kind to me and pay me something, anything, for these worthless pieces of paper" Now let me think about this for a nano second....we aren't all doomed, the business is doing well, it's reducing its fleet size so will be shedding 100+ pilots, yields are rising, planes won't fall from the sky because of Brexit, and it has a great hedge book. Oh, OK then I'll keep my shares for now thanks and defy the advice of Sam and the spun comment from COW. Nice try Sam
Great set of results. Low traded volume, shares have had good run in last month so price move so far could be short term sellers who got in for the ride in last 30 days. Great business
Keeping planes longer on secondary leases is a well trodden path. The cost per month can be less than half the rental of the primary term and could save Flybe c$600k per aircraft per annum There will also be cash flow benefits when the higher lease cash deposits are returned and replaced by smaller ones for the secondary term, probably $200k net positive, one time, per aircraft. . Not sure of effect on the owned aircraft, that would depend on financing profile. The obvious concern is increasing maintenance cost on older aircraft, but Flybe have an excellent on time performance record and in house maintenance facilities. Finally, there will now be no management and organisational distraction in acquiring a new aircraft type, plus the huge financial investment in training, spares holdings etc. In the round extending the leases and average age of the fleet is probably a very good thing for Flybe to be doing. There will be whinges from some smart arse or jumped up middle manager type customers who feel they deserve a brand new A319 on MAN SOU to salve their overinflated ego I am sure, but in 70%+ of Flybe's routes there is no alternative so it's unlikely that the whinges will turn into meaningful changes to customer behaviour. Interested to see what the Q1/Q2 forward sales look like when results are out next month, the general trend in the market looks positive if BA , Thomas Cook and easyJet are anything to go by
Hi gino. I have understood what you have been advocating for some time, but have not commented before now. My personal view is that Flybe should really stick to the knitting, get the IT platform established and demonstrate the benefit to the business of having the revised systems in place. This should save headcount, sped up decision making based on better information and improve profitability both by reducing costs and by making better calls, particularly on route performance. Any tangential developments such as you advocate come a distant second to the above, even if little Flybe could strongarm Amadeus, the GRS major player, into letting it use their data in the way you suggest. Flybe is a promising business, but has significant work to improve its processes and ultimately its profitability. It has some way to go and although it is an airline in the same way as Ryanair is, the differences in business model, maturity, cost efficiencies and profitability are so sugnificant that it would scare me a lot if Flybe went down the same route as Ryan. And at the management level I don’t feel there is enough bandwidth to do what you suggest at Flybe. I have done work for O’Leary and met COW, there is no contest there I am afraid. All the above spoken as a long term holder at Flybe, because I believe there is so much that can be done to improve profitability that even COW and Co can do it........ Concentrate on what isn’t right before distracting from the key task of running what should/could be a highly profitable niche airline.
Again today, but despite fall back it’s a net gain....maybe Iran nuclear deal demise raised prospects of more hacking from there in the scribblers minds? Time it went on a sustained run, needs some news flow though, and new CEO needs to show some charisma to outshine egotistical, still Executive, Chairman.
Sitting tight here!
40.5p.....looks like brakes are off despite continuing efforts to suppress the price...could get interesting given tightly held stock
Agree re-flection
Accept that re Gino, in response. Don’t accept mine was aggressive (this response is also non aggressive, just disagreeing with you) Let’s be nicer.....this share is going to boom, we can afford politeness....
But aggressive justSayin.... I can’t see the business merit in gino’s post, but if you could tone it down a bit it would be nice.