Stobart Group Ltd. (STOB)

Sector:

Commercial Transport

Index:

FTSE Small Cap

112.40p
   
  • Change Today:
      1.20p
  • 52 Week High: 205.00
  • 52 Week Low: 100.40
  • Currency: UK Pounds
  • Shares Issued: 374.65m
  • Volume: 680,774
  • Market Cap: £421.11m
  • Beta: 1.08

Flybe says airline will be wound up if shareholders shun sale

By Frank Prenesti

Date: Friday 08 Feb 2019

LONDON (ShareCast) - (Sharecast News) - Flybe warned shareholders to support a sale to a Virgin Atlantic-led consortium or the troubled carrier would be wound up.
In a statement released late on Thursday, the airline said investors "are likely to receive no value for their shares".

The company last month accepted a 1p-a-share offer valuing it at £2.2m from the Connect Airways consortium, which also includes Stobart Group and Cyrus Capital. Shareholders must approve the deal at a meeting on March 4.

It also said it had reached an agreement to sell its main trading company, Flybe Limited and the digital company Flybe.com, for £2.8m to Connect.

"Although the price per share offered by Connect Airways was disappointingly low, its proposal was ultimately the only proposal capable of immediate execution to enable Flybe and the Flybe Subsidiaries to continue to trade as going concerns," Flybe said on Thursday.

"Accordingly, the Flybe Directors believe that the terms of the acquisition remain in the best interests of Flybe Shareholders as a whole and unanimously recommend that Flybe shareholders vote in favour of the resolutions to be proposed at the Court Meeting and the general meeting."

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Note 1: Prices and trades are provided by Digital Look Corporate Solutions and are delayed by at least 15 minutes.

 

STOB Market Data

Currency UK Pounds
Share Price 112.40p
Change Today 1.20p
% Change 1.08 %
52 Week High 205.00
52 Week Low 100.40
Volume 680,774
Shares Issued 374.65m
Market Cap £421.11m
Beta 1.08

STOB Star Ratings

Compare performance with the sector and the market.
more star ratings
Key: vs Market vs Sector
Value
7.64% above the market average7.64% above the market average7.64% above the market average7.64% above the market average7.64% above the market average
22.22% below the sector average22.22% below the sector average22.22% below the sector average22.22% below the sector average22.22% below the sector average
Price Trend
52.9% below the market average52.9% below the market average52.9% below the market average52.9% below the market average52.9% below the market average
66.67% below the sector average66.67% below the sector average66.67% below the sector average66.67% below the sector average66.67% below the sector average
Income
20.87% below the market average20.87% below the market average20.87% below the market average20.87% below the market average20.87% below the market average
53.85% below the sector average53.85% below the sector average53.85% below the sector average53.85% below the sector average53.85% below the sector average
Growth
56.56% above the market average56.56% above the market average56.56% above the market average56.56% above the market average56.56% above the market average
64.71% above the sector average64.71% above the sector average64.71% above the sector average64.71% above the sector average64.71% above the sector average

What The Brokers Say

Strong Buy 4
Buy 0
Neutral 1
Sell 0
Strong Sell 0
Total 5
strong_buy
Broker recommendations should not be taken as investment advice, and are provided by the authorised brokers listed on this page.

STOB Dividends

  Latest Previous
  Final 2nd Interim
Ex-Div 20-Jun-19 27-Dec-18
Paid 31-Jul-19 31-Jan-19
Amount 3.00p 1.50p

Trades for 21-Nov-2019

Time Volume / Share Price
16:35 253,355 @ 112.40p
16:29 144 @ 113.00p
16:29 1,044 @ 113.00p
16:29 152 @ 113.00p
16:29 1,007 @ 113.00p

STOB Key Personnel

CFO Mark Adams

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