www.flybe.com

I've just bought some mitzy - been on my list of my list of possible buys for a few weeks now. New man at the helm and it could be a great recovery play. imo

An even better chart!

I remember it floated at 300p ish and downhill ever since time to buy maybe.
..interesting 1 year chart anyhow.

Who said 'look at the gap in the chart' ! :-)

Thanks to bruceylegs on another bulletin board for this;

Interesting profile/interview with Saad Hammad by the FT dated 31 July. He talks about his turnaournd plans and region-based strategy which bring to mind Thomas Cook and Dart...

"When Saad Hammad steps into the top role at Flybe on Thursday he faces a challenge: lifting the struggling airline out of loss and getting it fit to compete.
It will not be the first time that Mr Hammad has trodden the turnround path.
While he was chief commercial officer at easyJet from 2005-2009, the airline went from a period of profit warnings to growth. As managing director of private equity group Gores, which he has just left, he steered business transformations at Siemens corporate telephony and at Mexx.
He comes to the regional carrier with the aim of getting it to break even next year, after a year in which losses piled up sevenfold to £40.7m.
The process will be comparable to that at easyJet, Mr Hammad says, although the intention is not to “easyJetify” Flybe.
“I had a similar encounter at easyJet when I walked in,” he says. “They’d had two profit warnings, there was a lot of dysfunction. They didn’t have a structured process in terms of route selection and, critically, route management.”
It is early days, but Mr Hammad has formulated some hypotheses. A shake-up in strategy will sharpen Flybe’s offering with a better mix of destinations and more appropriate schedule, for lower fares. The hope is that it will get its aircraft fuller – Flybe has a load factor of 62.6 per cent while easyJet and Ryanair are into the 80s.
In its quest to stabilise its core UK market less popular routes will be dropped. But Mr Hammad believes that Flybe’s strength lies in the thinner routes where the low-cost carriers, with their larger aircraft, would find less profit.
“There are certain routes they cannot fly and we need to maximise those before we go head-on against them. On a direct airport level there is hardly any overlap with Ryanair and only a handful of routes where there is overlap with easyJet.”
On the southeast’s flight capacity constraints, Mr Hammad is clear that there should be extra, price-controlled capacity, at Gatwick, or Heathrow, which he veers towards, as “the more logical place to do it in terms of the wider benefits”.
Flybe will “rebalance”, tilting away from the three-quarters of its capacity it deploys domestically, to develop routes to Europe from its bases of Southampton, Birmingham, Manchester and Belfast.
Southampton, only an hour from London by train, holds special potential, Mr Hammad says, with an opportunity to lure passengers from other airports.
“It’s getting into the head of customers, understanding not just what they want but what they don’t want: hassle, congestion, delays.”
But with attention fixing on the UK, contract flying now moves down the list of priorities. Flybe Finland, run with Finnair, made revenues of £167.2m in its financial year to March 31, and previous chief executive Jim French had identified it as a growth area.
“Jim and the team succeeded in securing something with Finnair so full credit there,” he says. But while optimising that business is desirable, “you can’t do contract flying with other European national airlines if your core UK business is not solid; they’re going to be very nervous dealing with you.”
Being able to make decisions like the one on contract flying was essential to Mr Hammad accepting the role, given Mr French’s deep involvement with Flybe’s history.
“I really needed to make sure that there would be a total division of labour and clarity of roles between me and Jim; that I effectively would have a free hand running the business and he would be a non-executive chairman. He assured me he would not be a back-seat driver – that would give me a free hand to effect the transformation that Flybe needs.”
The airline is well down the path of that transformation now, with £30m in costs already cut, with a target of £50m by 2014-15.
It has sufficient cash to see it through 12 months, Mr Hammad says, and he is firm that he will take “self-help measures that can generate cash”, such as non-core asset disposals, before he would contemplate any action such as a rights issue. Getting a higher proportion of leisure travellers, who book earlier, will aid earnings visibility.
“There’s a lot of hard work ahead but we’ve got a great business.”

Interesting and positive chart analysis from "fingers" today on another bulletin board, (fxd thread).

whatd he say..?

mitzy, I would post the link but I can understand moneyam wouldn't be happy about that, so here is a brief version of "fingers" take on the chart:

" It has now been two years since the 'gap down' and I consider the move back into the 'range' ( 59p - 79p ) as a signal that 'market confidence' is starting to return.. I would now expect the price to keep moving up to attack the 79p range 'ceiling' and on the way I would anticipate a short rise with any 'confirmed' breakout of the 69p mid range level.. ( when the eventual upside range breakout occurs expect a relatively quick rise to the 100p level )

from the photo it certainly doesn't need a leg up!

2 gaps to fill here, with an eventual target of a quid.

Its looking a tad overbought atm, so maybe tread water for a while?

I'd say it is a breakout from a year ago .

Mostly all buys this morning.

Looking strong today.

Just posting a two year chart here so that we can see the 'gap down' that "fingers" was referring to in post 22.

Or mentioned here in post 18!

skinny, I'll keep drinking the cocoa then I might be able to keep up, but in the meantime I'm grateful you keep reminding me ! :-) Mind the gap.

halifax - I've flown with FLYBE a few times, but I never noticed the cabin staff had legs like that.

doodle you never know until you get there!

Also a brace of golden crosses.

When I started buying shares about 10 years ago I used to think all this charting stuff was bunkum, but thankfully I'm a bit older and wiser now. I've still got a lot to learn to reach skinny's level of expertise and that of a few other posters on moneyam, but it's certainly an interesting learning process.

Judging by the chart next stop is 100p and then 200p and then 300p..

Personally 80p to 100p is a strong possibility in the next 6 months.