Disclosure: I own shares in one or more of the stocks mentioned. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from ShareProphets). I have no business relationship with any company whose stock is mentioned in this article.
I warned in my last piece on Flybe (FLYB) HERE, that you should reduce your holdings. I apologise for not saying sell altogether as the shares tanked on the back of a trading statement yesterday. So what now at 66p.
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Comments
wildrides
Fast jet is what you should buy ………… fuel totally unhedged ………. share price climbing .
Daniel Victor
Where’s the good news likely to come from to cause the shares to rally.? Flybe is competing with other airlines who didn’t hedge so much of their fuel costs.Saying that Flybe made a bad call by hedging seems a bit unfair/harsh on the management,but the market is a cruel judge sometimes.By the time that Flybe’s hedging-at-higher-prices runs out,the oil price will probably have started to rally.