Member Info for seaside53

Doing what they said they'd do and more to come....very much trading and available to buy if somebody pays the right price;

This cash flow forecast includes several cash generating transactions over the next 12 months to provide further liquidity in addition to that arising from ordinary business trading. The Directors believe these transactions will provide sufficient liquidity for the Group's needs and to manage potential consequences of downside risks as noted above. The financing actions range from short-term actions that are currently at an advanced stage and relate to the sale or sale and leaseback of assets or disinvestment of non-core elements of the business, and further medium-term plans that are being prepared to be transacted during 2019.

This will help setlle - I think:

Under Outlook here is an excerpt

Flybe's strategy of reducing capacity has enabled the Company to report continued increases in revenue per seat with a 7.2% improvement in H1. However external factors, notably the weaker value of sterling and higher fuel prices have driven up the cost per seat, which together with a softening of market growth, has affected profitability within the European short-haul aviation market. Despite this, bookings remain ahead of last year showing the continued value of Flybe to its customers. However, the Board is reviewing a number of options to address the current cost challenges. These include further capacity and cost saving measures, as well as initiatives to strengthen the balance sheet and preserve cash resources.

The Board is also exploring a possible move to an LSE Standard listing, from the current Premium listing. This would have the benefit of allowing the Company greater flexibility when considering divestments, particularly to recycle cash, as the current low market capitalisation places restraints and complexity on such disposals for companies with a Premium listing. If the Board determines that such a move would be in the interests of the Company and shareholders, the Board will write to all shareholders and convene a general meeting to approve this move.

Understand that Devonian and commodities futures is a tricky one. Lets just hope the've locked in well.

If somebody underwrites the card companies until the silly season in Spring this can battle on a bit longer yet.....

Apart from the fact they've committed - on 12 November 2018 - to 90% of their fuel requirements for the next 12mths.

Is that another calamitous decision of fwd buying. A plane or two due as well in 2019 which they can exit for a 20% penalty clause.penalty

Nice little synopsis there Wolster. Pretty accurate.

Made me twitch - I thought the bottom was 11 tbh - but that article was always an opportunity for fun and games..

Still major headwinds. It's too easy to wind a business up these days and strip out the best bits.

I agree stops will be in play here - 25% from .12 will see a good few leave the building

Ludicrous numbers indeed. She wants a serious slap that COW if she turned down Stobarts offer in March without having due regarded to future earnings.

Exactly - so asset sale is the real risk here.

Employess to the bin, pensions in the Gov. Scheme

I'd expect it to be sorted fairly sharpish - Air travel is high risk for one.

I see this as a measured risk based on NAV.

But I cant discount a pre-pack type arrangement where shareholders get whacked ?

I cant believe they would rejected an offer to buy earlier in the year if they were really that seriously in the carp.

Somebodies watching the figures much closer than that surely....?

Holding these babys tightly.........

Thing is, of late you just cant pish around on a purchase decision. I do ted to over over analyse as a rule, but no more with this one.....see it dip Boom!

I had a read on the pilot forums last night; recruitment continues as normal - training of pilots full steam ahead. Contract secured in March in IOM for 3 Yrs I think it read...

The domestic flights market will continue to grow...a lot of my drinking buddies travel to Southern football games on flights these days. Few drinks in the bar beforehand. Luverly!

I'm pretty confident that Flybe will have benefitted from the rail chaos this year - Professionals jetting between cities.

Some very profitable routes; the duffer routes will be ended.

https://www.thetimes.co.uk/article/steel-tycoon-sanjeev-gupta-hands-out-37-000-in-gifts-to-mps-qvsqz7qhr

How does this roll? - Eskom and BE in a public sector, shared risk, design and build agreement for mining V on a new site.

Lemur sold or coal supply agreements reached with Eskom.

The thinking here; I understand there has been continuity of supply issues for Eskom in respect of coal.

Perhaps the logistics from Madagascar are too cost prohibitive?

I'm not sure VR is going to be this years must have Christmas present.....next year maybe

You know when you watch those talent shows with the wife on a Saturday and you feel embarassed for the geezer who thinks he can sing - nuff said

Good work - so there'st very roughly about 50% more shares in circulation with BMN...