RE: Blue day29 Nov 2018 08:37
Agree ironic, and is a valid point, but until someone shows their hand, we aren’t moving anywhere. My view is Stobart offered 40p previously (rightly or wrongly), and that would have been based upon their own DD and asset valuation. You could argue we are in a better position, and other parties MAY be throwing their hat in (virgin only one confirmed officially), but ultimately Flybe will be worth what it’s worth regardless of the number of parties involved. Just like when you buy a house and your running against a few others, you’ll only pay what you think it’s worth, and if you walk you walk, which is likely what happened with Stobart last time.
60p would be circa £150mil mcap which values sounds bout right to me. Remember the bidder(s) are sensible large businesses