markymar
- 02 Feb 2012 16:08
doodlebug4
- 28 May 2014 14:28
- 141 of 832
Ready for another leg up? Sizeable buy order being worked through in 300s since this morning.
doodlebug4
- 29 May 2014 11:43
- 142 of 832
Someone building a sizeable position here in 300 lots the last two days.
doodlebug4
- 29 May 2014 16:08
- 143 of 832
Looks ready to test the April highs again. Final results due out in the next few weeks.
doodlebug4
- 03 Jun 2014 13:19
- 144 of 832
Flybe welcomes APD debate in Scottish parliament
03 June 2014 at 08.03 GMT
Flybe has welcomed efforts to examine the issue of unfair Air Passenger Duty during a key debate in the Scottish parliament today (Tuesday).
The regional airline says that scrapping the controversial tax on air travel is long overdue and hopes Holyrood can make significant progress on the issue.
The Westminster government has made changes to APD banding, which will see a reduction in taxation of passengers travelling on long-haul flights from next year.
But Flybe believes more action is needed and continues to call on chancellor George Osborne to scrap the tax, which it claims hits consumers, harms tourism and hurts economic growth.
The airline believes that today’s debate in Scotland represents a fresh opportunity to examine the economic impact of the air tax.
Chief executive Saad Hammad (pictured) said: “We welcome today’s debate as an important step towards rectifying this taxation which places us, as a UK regional airline, at a competitive disadvantage and continues to damage Scotland’s aspirations for economic growth.
“Across the aviation industry, scrapping APD would not only incentivise airlines to provide new routes and enhance travel for Scotland’s passengers, it would also significantly boost business and the economy.”
He added: “Scottish business people and consumers have had to count the cost of paying this tax twice when travelling domestically to an English airport – a disproportionate financial penalty which must not be allowed to continue.
“New destinations going hand-in-hand with considerably more passengers can only mean one thing – growth – and the incentive to capitalise on Scotland’s rich tourism experience and established business sector, with more employment and investment, has to be a major consideration in today’s debate.”
doodlebug4
- 07 Jun 2014 13:10
- 145 of 832
Tipped in SCSW today evidently.
goldfinger
- 07 Jun 2014 15:22
- 146 of 832
Yep should rocket monday morning.
doodlebug4
- 11 Jun 2014 08:07
- 147 of 832
Flybe takes off
StockMarketWire.com
Budget carrier Flybe announced a return to profit in the year to end-March, following a successful turnaround and record UK passenger numbers.
· 11.1% growth in Revenue under management to £868.4m (2012/13: £781.5m) driven by significant growth in white label revenue in Finland
· £620.5m of Group revenue, up by 1.0% (2012/13: £614.3m)
· Record passenger numbers and load factors in UK business
· 3.3% decrease in Group operating costs (excluding restructuring) at £619.5m (2012/13: £640.9m)
· Adjusted profit before tax, net restructuring and surplus capacity costs of £1.7m (2012/13: loss of £23.6m), with profit improvement across all areas of the business
· £8.1m of profit before tax (2012/13: loss before tax £41.1m)
· Operating cash inflow before restructuring of £7.3m (2012/13: cash outflow of £1.6m)
· Total cash of £218.4m at 31 March 2014 (2013: £54.7m), and net assets of £194.1m (2013: £48.1m)
· £150.1m net equity fund raise in March 2014 reflecting investor confidence in Flybe's future
OPERATIONAL HIGHLIGHTS
Flybe UK:
· 6.9% increase in passenger numbers in UK scheduled airline at 7.7 million (2012/13: 7.2 million) despite 1.4% reduction in seat capacity
· Load factor of 69.5% (2012/13: 64.1%)
· 1.8% improvement in passenger revenue per seat at £49.70 (2012/13: £48.84)
· 55.1% sector share of UK regional market (2012/13: 52.4%)
· Operating from 7 UK bases and serving 64 airports in total throughout the UK and Europe**
· Major expansion announced at London City Flybe Finland:
· £247.9m of revenue in first full year of expanded Finnair joint venture operations (2012/13: £167.2m)
· Service standards and punctuality on and above target MRO:
· Profit before tax and restructuring £2.2m (2012/13: £0.7m)
· Operating costs down £6.6m to £33.2m (2012/13: £39.8m)
Saad Hammad, CEO, stated: "2013/14 marks the rebirth of Flybe!
"We implemented a turnaround plan to stabilise the business and then successfully raised over £150m net to strengthen our balance sheet and drive sustainable profitable growth. The return to profitability is a great step forwards. This enables us to start implementing our twin-engine strategy of growing our UK branded business and our white label operations across Europe.
"We have made a good start to FY15, in line with our expectations.
"We are moving to build on our early success. We have a plan and we have the firepower. The Group is now well-placed to become Europe's best local airline."
Story provided by StockMarketWire.com
goldfinger
- 11 Jun 2014 09:33
- 148 of 832
Beats analyst expectations on profit.
UPDATE 1-British carrier Flybe posts profit as cost cutting pays off
11 Jun 2014 - 08:13
Full-year pretax profit 8.1 mln stg vs analyst est 6.4 mln stg
Revenue 620.5 mln stg vs analyst est 623.9 mln stg
Shares rise as much as 4.3 pct in early trading
(Adds details from press release, background, share movement)
June 11 (Reuters) – British carrier Flybe Group Plc posted its first pretax profit in four years, beating market estimates, as cost-cutting measures it undertook paid off.
The company also made a good start to full-year 2015 and was trading in line with its expectations, Chief Executive Saad Hammad said in a statement.
Profits at a number of European airlines have been under pressure over the past few years as cash-strapped customers sparingly took flights in the years post the economic meltdown of 2008, adding to the burden of soaring fuel costs and higher airport charges.
Flybe kick-started a turnaround programme last January, trimming costs by giving up airport slots, cutting jobs, exiting unprofitable flight routes and grounding surplus fleet.
These measures helped the budget carrier swing to a pretax profit of 8.1 million pounds ($13.6 million) for the year ended March 31. Its books reflected a pretax loss of 41.1 million pounds a year earlier. [ID:nRSK3406Ja] Revenue jumped 1 percent to 620.5 million pounds.
Analysts on average expected a pretax profit of 6.4 million pounds, on revenue of 623.9 million pounds, according to Thomson Reuters I/B/E/S.
"The return to profitability is a great step forward. This enables us to start implementing our twin-engine strategy of growing our UK branded business and our white label operations across Europe," Hammad said on Wednesday.
Although Flybe has issued a string of profit warnings since listing on the London Stock Exchange in 2010, a recovery in the UK economy could buoy prospects for the carrier, whose interests are split between business and leisure customers.
Fyle said the general economic outlook in its most important market, the UK, has improved, with a 1.9 percent growth reported in the year to December 2013.
Most commentators are expecting 2014 to see growth in the range of 2.4 percent to 3.5 percent, Chairman Simon Laffin said.
Flybe, which serves 35 UK airports, also flies people from the UK to other European destinations.
Shares in the Exter, England-heaquartered company rose 4.3 percent in early trading on Wednesday.
($1 = 0.5956 British Pounds)
(Reporting by Esha Vaish in Bangalore; Editing by Gopakumar Warrier) ((esha.vaish@thomsonreuters.com)(within UK +44 20 7542 1810, outside UK +91 80 6749 1136; Reuters Messaging: esha.vaish.thomsonreuters.com@reuters.net)
Keywords: FLYBE GROUP RESULTS/
goldfinger
- 11 Jun 2014 10:10
- 149 of 832
Liberum says Flybe improves but has more work to do
11 June 2014 09:30
Liberum Capital has increased its price target on Flybe after the regional airline moved into the black, but said more work was needed.
Liberum reiterated its buy recommendation on Flybe and lifted its price target to 190p from 175p.
Flybe, which has axed hundreds of jobs and several bases to turn around its recession-hit UK business, on Wednesday unveiled adjusted pre-tax profit in the year to March 31st of £1.7m, against a £23.6m loss a year ago.
UK passenger numbers rose 6.9% to 7.7m despite a 1.4% fall in seat capacity.
Liberum said the results were "a clear improvement" on the substantial loss a year ago.
Commercial initiatives were leading to better volumes and revenue per seat while a 21% cut in staff costs were reducing lower total and unit costs.
But the broker said: "Further improvements are required, which we see coming from the return to profitable growth, to drive better aircraft use and pilot productivity."
Shares fell 2p or 1.4% to 138p at 09:35 in London.
PW
doodlebug4
- 13 Jun 2014 15:18
- 150 of 832
Positive results from FLYB hit by two other airlines issuing profit warnings this week and the FTSE going t--s-up. "Ride the dips" - who said that?!:-)
goldfinger
- 13 Jun 2014 15:29
- 151 of 832
Mc Donalds.???
doodlebug4
- 13 Jun 2014 15:48
- 152 of 832
V funny gf ! I thought it was that Buffett chap, but I could be wrong. :-)
goldfinger
- 13 Jun 2014 15:56
- 153 of 832
Buffet!!!!!! not sure I know he averaged down though.. Dont like that myself.
Just reading a book by Alpesh Patel and he is cetainly against it.
Ill get back to you why if i can find it.
goldfinger
- 13 Jun 2014 16:00
- 154 of 832
Reckons the price may carry on falling and its better to be more diversified and invested in a basket of stocks but not too many.
pluses and minuses spring to mind.
doodlebug4
- 16 Jun 2014 10:09
- 155 of 832
New CFO Start Date; Share Purchase
RNS
RNS Number : 6720J
Flybe Group PLC
16 June 2014
Flybe Group plc
("Flybe" or "the Group")
EFFECTIVE DATE FOR NEW CHIEF FINANCAL OFFICER AND DIRECTOR DESIGNATE'S PURCHASE OF SHARES
Flybe announces that Philip de Klerk, whose appointment as Chief Financial Officer ("CFO") was announced on 28 April 2014, will join the Board as CFO with effect from 19 August 2014.
Separately, Mr de Klerk notified the Company on 13 June 2014 of the purchase that day of 72,000 ordinary shares in the Company ("Ordinary Shares"):
Date of purchase - 13 June 2014
No. of Ordinary Shares - 72,000
Price - 137p
16 June 2014
doodlebug4
- 25 Jun 2014 13:24
- 156 of 832
Low-cost airline Flybe is finding more passengers
Stephan Shakespeare
by Stephan Shakespeare
June 25, 2014, 2:06am
Flybe plane
Flybe's TV ads are resonating with consumers
The low-cost airline sector is currently in the spotlight. While much of the focus has been about Ryanair’s charm offensive to reposition itself, fellow carrier Flybe has also made waves in recent months.
A few weeks ago, Flybe announced a return to profits and a record number of passengers. After a few turbulent years when the company replaced its executive team and undertook an extensive restructuring, in April it launched a multimillion pound advertising campaign.
The activity focused on “time saving travel”, portraying the brand as a better and quicker way of getting around the country than road and rail.
I have used YouGov’s BrandIndex tool to look at whether the adverts have had any impact on the public’s view of the airline. The good news for Flybe is that its “think minutes not miles” TV campaign seems to have resonated with consumers.
The ad awareness metric, which assesses whether people have seen a brand’s advert over the previous two weeks, shows that Flybe’s score rose from 3.6 per cent at the end of March, to a high of 6.7 per cent midway through April – after the start of the marketing activity.
Over the same time period, the success of Flybe’s advertising campaign was mirrored in its Buzz Score, which measures whether consumers have heard anything positive or negative about the brand over the previous two weeks.
At the turn of the year, Flybe had a negative rating of -1.6. However, at the end of May once the campaign had been running a while, that rating had improved to a respectable +3.9.
Of course, the low-cost airline sector is very competitive and one improved set of results, record passenger numbers and a resonant advertising campaign does not mean Flybe can rest on its laurels.
The battle of the budget carriers will continue, but the signs are good for Flybe as it continues its battle for consumers’ hearts and minds.
Stephan Shakespeare is the chief executive of YouGov
doodlebug4
- 26 Jun 2014 15:04
- 157 of 832
tipped in IC.....
Airline stocks lose altitude, but for how long?
hTTp://www.investorschronicle.co.uk/2014/06/25/shares/sectors/airline-stocks-lose-altitude-but-for-how-long-mImeiqdgon5DAAnPIHtFNM/article.html
FAVOURITES:
While we stop short of upgrading our neutral stance on the airline sector’s dominant players, opportunities for investors keen to diversify their portfolios with an airline holding appear to be emerging. Recovery play Flybe (FLYB) offers the most attractive growth profile having declared maiden profits this year, although the shares have weakened recently and may have further to fall before support kicks in.
doodlebug4
- 27 Jun 2014 13:32
- 158 of 832
'Why I'm buying shares in Flybe'
Each week we look at a promising mid-cap share. This week: Flybe, Europe’s largest regional airline
By Kyle Caldwell
8:02AM BST 27 Jun 2014
Flybe, Europe’s largest regional airline, has had a turbulent time on the stock market.
The shares have shed 65pc since the company floated in December 2010. Concerns over soaring fuel costs and airport charges have led investors to rush for the exits.
But some fund managers say its fortunes are about to change. Neil Veitch, who runs the SVM UK Opportunities fund, said the firm’s turnaround programme was starting to bear fruit. Over the past year it has cut costs by axing its worst-performing routes, a move that earlier this month helped the firm post its first full-year profit in four years.
“Following its flotation the company had been a serial disappointer,” said Mr Veitch. “Poor operational performance combined with a number of external shocks left the business in a weakened financial state. But following a change of management in 2013 the future appears brighter.
“The first step taken by Saad Hammad, the new boss, was to eliminate unprofitable routes and bases – 30 of the previous year’s 140 routes were cut. These changes, combined with an improving economic backdrop and relatively benign cost environment, should result in Flybe’s profitability improving markedly over the next few years. The share price fails to reflect this .”
Daily Telegraph
doodlebug4
- 15 Jul 2014 10:25
- 159 of 832
Flybe Group plc
("Flybe" or "the Group")
Flybe and Bombardier Sign Strategic Services Agreement for UK Branded Fleet
Farnborough, UK; 15 July 2014
Flybe and Bombardier have signed a strategic services agreement which confirms the Bombardier Q400 as Flybe's aircraft of choice in its UK branded business and sees Bombardier undertaking a major programme of enhancements over the coming months which will make Flybe's current 45-strong Q400 fleet one of the most operationally efficient regional fleets in the world.
Saad Hammad, Flybe CEO, commented:
"We are delighted that Bombardier will be supporting Flybe in its mission to become Europe's best local airline.
The immediate actions we announced in November 2013 have resulted in us reducing our 2014 summer seat capacity by 16%. In the UK today, Flybe is flying the right aircraft on the right routes and, critically, in the right numbers.
This strategic agreement with Bombardier is an important part of our commitment to profitable regional flying. The Q400 is specifically optimised for regional routes and the Flybe fleet will be one of the most operationally efficient regional fleets in the world.
Any decisions regarding incremental capacity deployment in the UK will see the Bombardier Q400 aircraft play an integral role."
Ray Jones, Senior Vice President, Sales, Marketing and Asset Management at Bombardier Aerospace, said:
"Flybe is a valued, long-time Bombardier customer and as one of the largest operators of the Q400 in the world, we are pleased that Flybe continues to show its long-term commitment to the Q400 aircraft.
Embarking on a strategic agreement that will assist in its Q400 aircraft fleet enhancement will be integral to Flybe's market competitiveness."
doodlebug4
- 16 Jul 2014 09:20
- 160 of 832
Flybe preferred bidder for MRO contract
StockMarketWire.com
Flybe Aviation Services has been awarded by Airbus Military preferred bidder status to provide maintenance, repair and overhaul (MRO) services for the Royal Air Force fleet of A400M Atlas new generation airlifters at RAF Brize Norton.
The selection was made following a rigorous competitive process based on a range of commercial, contractual, technical and quality requirements criteria.
Flybe is working with Airbus Military to progress to a final contract and will make no further announcement until a contract has been finalised.