www.flybe.com

Talking of P/Es EZJ by contrast FLYBs main competitor for the year ending

30-Sep-15 4,830.64 629.34 125.70p P/E 12.3

where as FLYB if results go well are forecast to be on a P/E of 18.4.

Well I know which looks the better stock to me.

I hold EZJ.

I sold that trade too early as well GF , oh well as people say a profit is a profit .

Dont be too sure Jimmy, you never know what tomorrow brings. Nobody does yet.

Pity I wont be able to comment as Im going down south to an aunts funeral.

Why should anyone care whether or not if you post any comments on this thread tomorrow gf, your comments for the last four weeks or so since you totally lost the plot should more than suffice. Even a broken clock etc.------------------.

Ohhh shut up you silly little boy.

You some how think this is YOUR THREAD, it is not.

Its a free board as described by Mike Boydel CEO and chief administrator Ian.

If you want to dispute that, take your argument up with them.

from across the road.

Interesting to note Chris Oil on Shareprophets states this........

"I reckon the £20 million current year pre-tax profits forecast now looks conservative."

So if we go on historical results the first half due to be reported tomorrow hes looking for at least a £17 million pre tax figure.

hxxp://www.shareprophets.com/views/8636/flybe-group-on-the-upward-trend-again

Further to my last Flybe (FLYB) article the most recent update underpins the buy case with new routes announced which should underpin broker forecasts of a £50 million pre-tax profit for the year to March 2016.

What the general markets seem not to have picked up on is how the significant drop in oil prices over the past few weeks will boost the bottom. Flybe has 40% fuel unhedged and I am sure it will be looking at locking in more hedges at this low price.

Coming back to the latest RNS CEO Hammad (ex Easyjet) states "our new London city routes provide direct links for customers in the regions to the heart of London’s financial district".

Routes opened up to London include Exeter, Edinburgh, Dublin, Belfast, Aberdeen and Inverness.

I have been buying on the lows which presented themselves as the interims are on the 12th November which will show a company trading profitably – I reckon the £20 million current year pre-tax profits forecast now looks conservative.

I also look forward to November 28th when Flybe hosts a Capital markets day for a full operational run down. The shares are a buy at 116p.

Until the next time more ramblings from the castle can be seen @chrisoil

That isn't what you said about the Talk to your self thread thread

You even said you had copyright , and then went crying to Ian to shut my one down.

goldfinger

Ohhh shut up you silly little boy.

You some how think this is YOUR THREAD, it is not.

Its a free board as described by Mike Boydel CEO and chief administrator Ian.

aldwickk what dont you understand about being filtered.

That you can't read my post's , but you know the content of my post when you have me on filter

Ill give you a minute of my time.

Unfiltered.

I didnt say I had copyright I used the comparative of a window cleaner who as a local round where he has no law governing him but other people take it as gospel that its his round and show MANNERS not trying to take his business away.

I didnt ask him to shut yours down I asked him to point out B/Board etiquette and every day reasonable manners.

And anyway you went ahead with your copycat thread and it was a complete failure or have you forgotten that.

Back on filter.

You went to a lot of trouble about something that was a complete failure .

cyniiiiiiiic!!!!!!!!!

What a lot of boll---

allways finding a repply although it sounds like nonesence

What tomorrow brings is another thing, but the update about the future, could give a clue of share price movement, growth, fuel cost, etc.

Thanks God is time to go to bed, after reading all those TIT for TAT I feel like I am tired, maybe of reading too much bull

Results for the six months to 30 September 2014

Flybe, Europe's largest regional airline, reported a significantly improved performance in its core UK business, Flybe UK. This was more than offset by a full impairment of assets related to its joint venture with Finnair and a provision for EU 261 flight delay claims.

Flybe UK - Strong core business

· Passenger revenue per seat increased 8.7% to £54.75
· Load factor increased 8.6ppts to a record 77.2%
· On track to deliver £24m of incremental full year cost savings, in line with previously announced plans
· Adjusted profit before tax1 up £2.0m to £13.7m, despite £6.0m provision for EU 261 flight delay compensation

Flybe Finland - joint venture exit announced

· Flybe is pleased to announce the sale of its 60% share in loss making Flybe Finland for €1 to Finnair, its joint venture partner
· Share purchase agreement is conditional only upon competition authority approval in Finland and is targeting 1 January 2015 completion
· Full impairment of investment has resulted in a net £9.9m, non-cash charge in the period

Group - Operating cash flow positive

· Loss after tax of £15.4m compared to profit after tax of £13.6m for the same period last year, impacted by £34.3m of one-offs and revaluations: Finland net impairment (£9.9m), EU261 flight delay catch-up provision (£6.0m), a net movement on surplus capacity and restructuring cost (£10.4m) and movement on revaluations of USD loans (£8.0m)
· £6.5m net cash inflow from operating activities after restructuring (H1 2013/14: outflow £9.9m)

Loss after tax of £15.4m compared to profit after tax of £13.6m for the same period last year, impacted by £34.3m of one-offs and revaluations: Finland net impairment (£9.9m), EU261 flight delay catch-up provision (£6.0m), a net movement on surplus capacity and restructuring cost (£10.4m) and movement on revaluations of USD loans (£8.0m)

Way off analyst estimates.

Charge of £6 million for delays, twice what the market was expecting

Market taking it as a massive PROFIT WARNING.

Maybe i didn't take my profit too soon !
Fair enough GF you got it right .

Yep good trade that now Jimmy.

Cynic must be delighted.

Dont take any delight myself other than the money part.

To me there were red flags written all over this .

I still havent found out was happened to the 10 rust buckets.

Going to a funeral so might post back intermitently.

No more than this then on the 10 old planes doing nothing on the ground......

We are working hard to resolve our surplus fleet issue.

Back in with a SB buy @ 109.5