Share Name Share Symbol Market Type Share ISIN Share Description
Fastjet LSE:FJET London Ordinary Share GB00BWGCH354 ORD 1P
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  +0.00p +0.00% 8.50p 8.25p 8.75p 8.50p 8.50p 8.50p 10,224 08:00:00
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Travel & Leisure 34.2 -18.1 -4.4 - 52.52

Fastjet Share Discussion Threads

Showing 17326 to 17347 of 17350 messages
Chat Pages: 694  693  692  691  690  689  688  687  686  685  684  683  Older
DateSubjectAuthorDiscuss
20/7/2018
19:25
The new dispensation’s Zimbabwe is Open for Business mantra is gaining momentum with low cost Pan African airline, Fastjet spreading its flying wings by making its maiden Harare to Bulawayo trip today. Officiating at the occasion to mark the airline’s maiden flight, Director of Aviation and Rail Transport in the Ministry of Transport and Infrastructural Development, Mr Allowance Sango, who was standing in for Minister Joram Gumbo, said the airline’s achievement was necessitated by the government’s liberalisation of skies. “The opening up of the Harare-Bulawayo route and others is indeed testimony to Zimbabwe’s commitment towards full implementation of the Yamoussoukro Decision. On the economic front, it is our expectation as the guardian ministry of the aviation sector that the opening up of our skies will result in the ease of doing business in the country,” he said. Fastjet Accountable Manager, Mr Ed Berry said his firm is planning to spread its investment in the country as it seeks to compliment the government’s economic rebuilding exercise especially in the tourism sector. “We have been in this country for the past three years now and we intend to seek more investment opportunities that are in this country. We are here to revolutionarise flying in the country. Bulawayo has so much to offer and we intend to boost and increase the tourism sector,” he said. The coming on board of Fastjet on the Harare-Bulawayo route is against a background where more airlines are said to be showing interests in doing business in Zimbabwe as the new dispensation continues to attract investors in the country.
jimmyloser
12/7/2018
06:42
Zimbabwe’s Fastjet to start flights between Harare and Bulawayo 11 July 2018 - 15:43 Ray Ndlovu Fastjet. Picture: SUNDAY TIMES Harare — Low-cost carrier Fastjet announced on Wednesday that it would begin daily flights between Harare, the Zimbabwe capital and Bulawayo, the second largest city, from July 20. The move is expected to end the monopoly currently enjoyed by national carrier, Air Zimbabwe, which operates two daily flights between the two cities. Fastjet’s entry into the Harare-Bulawayo route will gnaw at the troubled national airline, which is already hard-hit by increased competition from foreign airlines, debt of $300m, a staff exodus, and is hamstrung by aged aircraft. "Fastjet has been pursuing this route designation for several years," said Fastjet CEO Nico Bezuidenhout. "We are delighted to see that positive changes in the Zimbabwean environment made this development possible, enabling low-fare connectivity between more domestic destinations." The other domestic route on which Fastjet operates is Harare-Victoria Falls, operating two flights daily between the capital and the tourist town. Since being allowed to operate in the country in 2015, Fastjet has emerged as the only viable low-cost carrier and has given competition to full-service flight operators, such as South African Airways (SAA), British Airways and Air Zimbabwe, which also fly to Victoria Falls and Harare. Its main competitor in the low-cost segment, Fly Africa, has been unreliable, often starting and stopping operations — a situation that has greatly favoured Fastjet. Bezuidenhout, said the airline would begin with a single flight on the Harare-Bulawayo route, but it would revise it in accordance with the response of the market. "While we are launching with a single frequency at present, Fastjet intends to further grow the route following further consultation with stakeholders and, ultimately, to introduce additional aircraft to facilitate growth." For its Harare-Bulawayo flight, Fastjet has priced the fare at $59 including taxes. It is significantly lower than the average $100 charged by Air Zimbabwe. Fastjet, listed on London’s AIM market, recently indicated that it had $1.75m in ticket sales stuck in Zimbabwe that it was unable to repatriate. An International Air Transport Association (IATA) report released last month named Zimbabwe one of the top five markets globally that airlines have difficulty repatriating funds from. About $76m is stuck in Zimbabwe in airlines’ funds — SAA is owed the bulk of $60m. John Grant, an aviation analyst and director of JG Aviation in London, said there was a recognisable uptake of low-cost travel by passengers, with low-cost airlines accounting for between 35% and 40% of seats in many markets. He said Fastjet’s advantage in the low-cost business was its ability to have a fleet matched to the markets it serviced. Said Grant: "The point is that they are now sizing their fleet to the market rather than trying to create demand for larger aircraft than the market requires. The classic low-cost carrier model is a single aisle A320, B737 operation with about 160 seats ... That hasn’t worked in Africa, so with Fastjet now using smaller aircraft types and, therefore, matching capacity more closely to demand, what they are developing is a bit of a hybrid model."
jimmyloser
04/7/2018
07:05
Posting of Open Offer Circular Posting of Open Offer Circular fastjet, the low-cost African airline, is pleased to announce that, further to its announcement of 29 June 2018, it will today post a circular (the "Circular") to Qualifying Shareholders regarding an Open Offer of approximately £1.6 million. The Circular will also be made available today on the Company's website www.fastjet.com. All capitalised terms in this announcement have the same meanings as those given to them in the Circular, unless the context otherwise requires. The Open Offer is being made to Qualifying Shareholders on the register as at the Record Date, being close of business on 3 July 2018, for up to 20,092,623 Open Offer Shares at 8 pence per Open Offer Share (being the same price as the Issue Price for the Placing) on the basis of: 1 Open Offer Share for every 26 Existing Ordinary Shares Qualifying Shareholders are also being given the opportunity, provided that they take up their Open Offer Entitlements in full, to apply for additional Open Offer Shares through an Excess Application Facility. Full details of the Open Offer, including terms and conditions and details on how to accept the Open Offer, are set out in the Circular, which will be posted to Qualifying Shareholders today and available on the Company's website. Application has been made for the Open Offer Shares to be admitted to trading on the AIM Market of the London Stock Exchange ("Admission"), and it is expected that Admission will become effective and that dealings will commence in the Open Offer Shares at 8.00 a.m. on 30 July 2018. Following the issue of the Open Offer Shares (assuming full take-up under the Open Offer), the enlarged ordinary share capital of the Company will be 637,920,676 Ordinary Shares.
skinny
03/7/2018
06:48
However Fastjet LCC said it had placed more than 66 million new ordinary shares worth $7 million, while the largest existing shareholder, South Africa’s Solenta Aviation Holdings, had agreed to subscribe for a further $3 million-worth of shares. Solenta Aviation CEO Nick Hurst will join the fastjet board and will “work closely with CEO Nico Bezuidenhout on an ongoing basis,” the company said. Hurst will also be responsible for fastjet’s operations in Mozambique and Zimbabwe. The funds raised are expected to provide fastjet with sufficient working capital for the rest of 2018. Half of the net proceeds will be used to support its operations in Mozambique and Zimbabwe, together with the repayment of loans, while the balance will be used to support operations in Tanzania and for preparations for the launch of services in South Africa. Fastjet has a brand license agreement with South Africa’s Federal Airlines, which will give the LCC access to a South African air operator’s certificate; in-country services are expected to start by early 2019. The successful fundraising allowed fastjet to release its annual financial figures. These showed that it halved its net losses to $24.5 million, compared to $49.7 million in 2016. Load factor jumped 17% to 71%, while costs were cut by 48% to $70.7 million and revenue per seat rose 30% to $60.9. The company said 2017 had been a year of stabilization, having transitioned from its Airbus A319s to smaller aircraft—two Embraer E190 and three E145 jets. Additionally, the airline plans to introduce three ATR 72 turboprops during September 2018. It rationalized its network while moving to the new fleet. Fastjet also pointed to other positive factors such as its “strategic and operational partnership” with Solenta and the purchase of the fastjet brand from UK-based easyGroup, whose founder, easyJet creator Stelios Haji-Ioannou, had frequently clashed with fastjet’s previous management team.
jimmyloser
01/7/2018
13:51
WHILE President Emmerson Mnangagwa and his government officials continue to chant with monotonous repetition the mantra “Zimbabwe is open for business”, the reality on the ground is different: companies keep facing existential threats due to the chronic liquidity crunch and cash crisis. Companies are still struggling and people losing jobs due to the economic tailspin. South African-based and London Stock Exchange-listed African budget airline Fastjet’s shares collapsed on Wednesday after warning it could go bust unless it obtains new funding. The airline, set up by easyJet founder Sir Stelios Haji-Ioannou, flies in several African countries, including South Africa, Tanzania, Mozambique, Zambia and Zimbabwe. Some of the airline’s problems are caused by Zimbabwe’s economic environment. Fastjet has just US$3,3 million in cash, of which US$1,75 million is held in Zimbabwe and is not readily accessible due to the liquidity crunch and cash crisis. South African Airways (SAA) is also suffering due to Zimbabwe’s financial problems. SAA dominates the lucrative Harare-Johannesburg route, flying five times a day. It also flies to Bulawayo, the country’s second largest city, as well as Victoria Falls, which is a popular tourist destination. While government claims the economy is recovering, facts say otherwise. Zimbabwe is among the top five countries in the world struggling to repatriate airline ticket revenues, with the International Air Transport Association (Iata) saying blocked funds in the country total US$76m. Zimbabwe owes the largest chunk of the unremitted funds to SAA. About US$60 million in SAA ticket sales remains in the country. Given SAA’s precarious position, the airline is now turning to high-level government officials to secure the payment. The only countries whose debts exceed that of Zimbabwe are Venezuela (US$3,78 billion), Angola (US$386 million), Sudan (US$170 million) and Bangladesh (US$95 million), according to Iata
jimmyloser
30/6/2018
14:57
I don't plan to be stupid - Solenta wouldn't have bit the bullet unless they felt that we are close to blue skies. But I want to feel that we are playing by British rules and not other ones. Enough of the bad news it is last chance saloon here and time for some credibility. No longer viewing through rose coloured glasses. impo/dyor
jimmyloser
30/6/2018
14:35
Jimmy, I hear what you say and like you I'm a sizeable investor (over £100k's worth) but the business is in much better shape of late with cost control a high priority of the management. I have faith in our very experienced CEO and by this time next year we will have a profit generating airline business on our hands. GLA
vic_frost
29/6/2018
18:21
Looks like the doomsters got it wrong. Nevermind.
cryptotrade
29/6/2018
16:04
I think tomboyb was spot on with his prediction 2 days ago ... well done.
vic_frost
29/6/2018
16:01
Hi Jimmyloser, Don't say sorry, people should always buy or sell after doing thier own research. As with all high risk companies, the old saying works well "do not risk what you can not afford to loose". Keep on posting if you still have a interest !. Regards.
tenapen
29/6/2018
08:19
Well I gave a scenario - I did not buy though as I expected not the caveat but placing around the 3p mark - So good luck -
tomboyb
29/6/2018
08:13
High risk sometimes gives high reward. Nice to see it happen for once😀 DL
davidlloyd
29/6/2018
08:12
Wont be hanging round though
welshwiz
29/6/2018
08:10
Tomboy nice and nice welshwiz
b1tcoin
29/6/2018
08:04
What can i say :-)
welshwiz
29/6/2018
07:56
tomboyb27 Jun '18 - 13:56 - 9928 of 9946 0 0 0 A bit odd those loan arrangements - $28mill was raised last year sept - Placing at 3p say 500 million shares to raise £15million "at best" or sold for £1 to stellios - tomboyb27 Jun '18 - 14:13 - 9929 of 9946 0 0 0 The one caveat here is that you could have one of institutions go bonkers and say well - the share price is 4p lets place at 8p - IT HAS HAPPENED BEFORE! - The caveat won!
tomboyb
28/6/2018
17:41
Ever feel you’ve been had,the mugs on here just wouldn’t listen.
albert3591
28/6/2018
11:29
Look someone is dropping share below bid. I think the rat race before close is coming sub 2p? extremely likely sub 1p very likely !!!! B1
b1tcoin
28/6/2018
11:27
2.75p for 175k...MM's just not wanting the stock, ignore the bid/offer fakery
sportbilly1976
28/6/2018
07:17
I bought 3 tickets @ 4.5 Looking for funding conf. and or predator strike No shorts on record and no big selling yesterday Clean and easy take-out or more likely change of control as with African markets have to be careful with governments Thats all folks gla
welshwiz
27/6/2018
21:49
at 4.5p-5.0p? I think buyers are feeling very now. welshwiz27 Jun '18 - 12:30 - 9919 of 9939 watch this p.m welshwiz27 Jun '18 - 12:49 - 9921 of 9939 Buyers at these levels will be v.happy Mr.deadly
damien darhk
27/6/2018
21:38
Is stelios out? I've lost touch with this one. Sickening.
mbmiah
Chat Pages: 694  693  692  691  690  689  688  687  686  685  684  683  Older
Your Recent History
LSE
GKP
Gulf Keyst..
LSE
QPP
Quindell
FTSE
UKX
FTSE 100
LSE
IOF
Iofina
FX
GBPUSD
UK Sterlin..
Stocks you've viewed will appear in this box, letting you easily return to quotes you've seen previously.

Register now to create your own custom streaming stock watchlist.

By accessing the services available at ADVFN you are agreeing to be bound by ADVFN's Terms & Conditions

P:40 V: D:20180721 11:46:42