Member Info for Pianista

GreenWolf says he worked for Delta, part owners of Virgin. Intriguing.

There should be TWO RNSs if there was a buy and a sell.

Time limit is 2 days, ie we should hear today.

wedge - don't you check the dates of articles though? This one appears to be from the note HSBC issued a couple of weeks ago, before Virgin declared their interest. Things have moved on since then.....

Ironic:

The example you give would involve collusion and an audit trail, and a real risk therefore of Sir Richard being found out and prosecuted (and of losing his title!). However, Sir R doesn't need to protect himself if the allegation isn't true, because in that event there wouldn't be for example any evidence of a payment from Sir R to the person allegedly buying the shares on his behalf.

This Flybe bid situation is no different in principle from the run up to a regular results announcement where the BOD are privy to price-sensitive information - which likewise is not a "normal everyday situation", but shares are nevertheless not routinely suspended in those circumstances. Anyone involved must not deal of course, and must not leak. The "protection", ie what stops that happening, is the risk of prosecution for what is a serious criminal offence.

Despite that, leaks do occur from time to time, and in that event suspension would be appropriate. However, there is no suggestion that a leak has occurred during the Flybe takeover talks, hence no reason for a suspension.

If you think Flybe should be suspended, every other listed share should also be permanently suspended because of the ubiquitous false rumours put about these days, regardless of whether or not the company is in discussions with potential bidders.

The sort of occurrence which might justify a suspension would be an actual or suspected leak of inside information. This is not what is happening here on this BB.

Flybe's CFO was with BA for 20 years, and two of Flybe's executives have recently moved to BA.

I wonder if this gives IAG the inside track?

No one with any sense is taking the blindest bit of notice of wild, unsubstantiated claims on this BB, and there is no need whatsoever to suspend trading - that would be playing into their hands.

If no checkable source is given, just ignore them.

The logic is that institutions don't know it all, they blindly follow arbitrary self-imposed rules, and they have different agendas.

It's down as a sell, but they always get mine wrong, so why not this one too?

It's not a huge transaction in monetary terms, so I'm hoping it's a director's buy!

We should soon find out via RNS....

Depends on whether someone makes a bid, but a doubling or trebling is certainly on the cards.

In the unlikely event of no bid materialising, now that the company is getting its act together I can't see the SP dropping back to 10p again. It would be volatile initially, but would settle around upper teens probably.

Or really spectacular investment returns.

Woody - this is BETTER than sex. They both have their ups and downs though....

I agree. I can't see many wanting to sell at this level.

I expected a bit of a drop after the results, say to 40 or 50ish. I wouldn't be surprised if this now shot back up to that sort of level almost as quickly as it fell.

Some positive RNSs would help though!

But making thousands upon thousands of fatuous one word posts does not make you an experienced investor.

Quality not quantity!

A lot of people here - presumably day traders - seem fixated on minute-by-minute movements in the share price.

Personally, I cannot imagine that that there won't be a very attractive offer made at some point, so I'm more focussed on the prospect of the quantum leap that will occur when that happens, and am happy to sit this one out in the meantime.

What Stobart news is that exactly?

I expect the SP to drift until we get the next substantive news, eg the identity of yesterday's "5m buy", confirmation (or not) of IAG's involvement, ditto Stobart, ditto easyJet (which following the weasel words of the CEO could be a dark horse), ditto anyone else.

Nothing new in the Daily Mail article.

If the 5m was a buy, we may well get an RNS from a stake builder tomorrow, or Wednesday at the latest (2 day deadline).

Up till now, it's only been the IIs doing this size of trade.

They can't be filing their boots otherwise they'd be reporting it via RNS.