Pre-Results Thoughts13 Nov 2018 07:54
Just ahead of the results update, as I said yesterday, we can expect volatility around the results.
Yesterday was a very mild trading day with the share price holding above 11p, even with more sells than buys.
We already know the results won't make wonderful reading BUT the share price collapse appears to be overdone (according to HSBC brokers) and *if* Flybe can deliver results inline with those forecasts, then, in my opinion, 11p will suddenly seem a very cheap price.
This is where we could see a sudden uptick in the share price. For those that have held on - the rewards could be good.
Obviously, if the results are more gloomy than forecast, then the opposite will happen.
I am still leaning towards the 15-20p range.