www.flybe.com

Down 20% just emphasises just how volatile some of these AIM stocks can be.

I think you'll find it's a main market stock Stan.

Really James? are you george bernard on that one?

Five to Four cocker

FTSE Smallcap.

More like odds on against squire if I'm not mistaken.. now go and stand in the corner -):

http://www.londonstockexchange.com/exchange/prices-and-markets/stocks/risers-and-fallers/risers-fallers.html

By Rachel Savage Wednesday, 12 November 2014


Flybe shares tank as it sells Finnish business for €1
The low-cost airline has flown into the red, but is taking 'decisive action'

Flybe is in the midst of a turnaround and it’s not pretty. The low-cost regional airline announced today it was selling off its 60% stake in its loss-making Finnish joint venture to Finnair for the measly sum of €1 and cancelling an order for 20 aircraft.

It made a pre-tax loss of £15.3m in the six months to September 30th, due to a £9.9m impairment of the Finnish business, a £6m provision for payouts for delayed flights, £10.4m of restructuring costs and an £8m loan revaluation (MT gets travel sickness just reading that list). That doesn’t make for a happy comparison to profits of £13.8m last year. Nor do revenues, which tanked 12.3% to £307.8m.

Shares duly plunged more than 17% to 109p in mid-morning trading - not a pretty sight for the revamped management, especially as they had risen more than 26% in the last year before today.

‘We are making significant progress in addressing the legacy issues within the business, which will ensure we operate with a simpler business model,’ said chief exec Saad Hammad, who was parachuted into the business in August 2013 when veteran Jim French stepped down after 12 years in the pilot’s seat.

And to be fair to Hammad he is refocusing on the airline’s core UK market, announcing new bases at Aberdeen and Bournemouth and flights from Stansted, all launching in March 2015. That comes after Flybe unveiled a tie-up with Aer Lingus on Monday that means passengers can get from Inverness or Exeter to North American destinations, including New York, via Dublin.

In October, it announced five new regional routes from London’s City Airport. Another encouraging sign was passenger revenue per seat, a closely watched measure of profitability in the airline industry, which rose 8.7% to £54.75. But unless Hammad’s ‘decisive action’ translates into better numbers soon, he may well find himself looking for a parachute.

Why Shares In Flybe Group PLC Nose-Dived Today | The ...
www.fool.co.uk/...comment/2014/.../12/why-shares-in-flybe-group-plc-...
By Sam Robson - Wednesday, 12 November, 2014 |

http://www.fool.co.uk/investing/company-comment/2014/11/12/why-shares-in-flybe-group-plc-nose-dived-today/

TOP OF THE FLOPS

TOP 10 FALLERS
TIDM Name Price +/- %+/-

FLYB FLYBE GRP 111.50 -20.25Down -15.37
MER MEARS GROUP 380.50 -52.00Down -12.02
PTEC PLAYTECH 608.50 -61.50Down -9.18
CPI CAPITA GROUP 1,045.00 -76.00Down -6.78
SHI SIG 147.70 -9.80Down -6.22
TRB TRIBAL GRP. 148.00 -8.50Down -5.43
SYNT SYNTHOMER 198.30 -9.70Down -4.66
ADN ABDN.ASSET.MAN. 425.30 -20.70Down -4.64
PAY PAYPOINT 919.00 -41.00Down -4.27
MGAM MORGAN ADVANCED

Next years figures dont look any better than this years........

lifted from Bull thread across the road.........

Horndean Eagle 12 Nov'14 - 16:40 - 674 of 675 1 1

CR - Think your numbers are out. Working capital net £60m positive. Balance sheet is a mess even after the cash raising with all sorts of provisions neatly parked there so they don't impact on p+l. A point Andy Brough from Schroders made when asked about the merits of FLYB vs DART.

Here is a bit of comment from house broker today:-

Having slashed its full-year forecasts, broker Liberum expects a pre-tax loss of £1.3m. It reckons a lack of suitable aircraft and delays in the delivery of sub-leased aircraft will curtail Flybe's capacity growth, depressing earnings next year too.

No real way of dressing it up. Results were poor and worse than expectations and next year will also be lower. Bull case is damaged from previous expectations. Acknowledging that and re-assessing might not be a bad idea instead of trying to convince yourself it was all bullish today.

ALL BULLISH TODAY?????????my god the advaners are living on a different planet.

From the TALK thread.

ohhhhhhhhh doodlebug getting personal and ON A DAY LIKE TODAY.

Have some self respect man...........ends

Ill say no more.

you're right .... this blind pig found the acorn very much more tasty than he expected
cashed in at 107.5 yesterday ..... shame (of course) that it wasn't a larger position

strange, but am i not correct in thinking that DB4 has failed to comment since the results and sp collapse?

You do love to try and stir it cynic don't you! For all you know I may well have sold out on Tuesday when the sp hit 135p. Not much point in posting here yesterday when gf was in a state of complete hysteria. Here is what I posted on Tuesday before the results;

"doodlebug4 - 11 Nov 2014 14:17 - 611 of 675

Thanks Chris. As you know as traders/investors we only have control over our own decisions and nothing else. The results and trading statement could be bullish tomorrow and the sp could go down! Either way I will probably cash in some profit over the next few days and I wont be posting much more on this thread for the time being."

i merely commented, but had rather hoped but not really expected to see even "well done" from you to me, especially after all your knocking of my opinion

btw, if i remember correctly, sp opened yesterday down about 16p, so i would be very surprised indeed if it ever hit 135 .... and if you did indeed cash in at this alleged 135, then you were assuredly lucky in the extreme

have checked the charts ...... best price yesterday was only ever 116, so if you sold at 135, it was in your dreams!

I still see funny comments over here

TUESDAY ( 11th ) WAS NOT YESTERDAY BUT THE DAY BEFORE

Everyone wants to be right, but we do not have to believe everything is posted after so long

cynic,
one sometimes have to double check, but the right thing not the wrong one

cynic - Well done on your short trade! Did you think of it all by yourself, or did sticky send you an email first?

Is someone taking the Pis-?