Fastjet Share Discussion Threads

[ragnar lothbrok] 27/7/2016 23:06

Morning stampede past 30p will can a whoooosh upwards 35p. I am hoping to see 35p to ping by friday.

[the champion] 27/7/2016 23:00

Sure

My apologies in the terminology.

Maybe I should say the combine shares and warrants are closer to 38p post placement. Hope it's a satisfactory answer.

[evil_doctor_facilier] 27/7/2016 22:32

Champ can you explain this net asset valuation of 38p to me please?

[the champion] 27/7/2016 21:28

BBB, thanks for the heads up. Hope I get to buy some 29p tomorrow morning.

No brainer, after placing NAV will be equivalent to 38p.

[ragnar lothbrok] 27/7/2016 21:17

Oh yeah MMS were offering to buy at 27.40p , hence the 60K and the many bigger chunks that followed.

i would be surprised if my friday we are closer to 35p

[ragnar lothbrok] 27/7/2016 21:15

the price has not even shot up, 4%. come on, wait to see the 40% spike upwards next week,

[ragnar lothbrok] 27/7/2016 21:13

Maybe after next week resolution, NAV will equivalent to 38p with the new shares placement.

Maybe the news is to highlight the fact resolution is next week. many people do not know about this.

[zcaprd7] 27/7/2016 17:17

Thanks for that old news... What's the relevance of your man selling his shares today, and the price shoots up?

[big bull billy] 27/7/2016 16:21

Guys

FJET has reversed, buying increasing


Placement at 50p, price 28.5. Placement at 123% premium

current mcap 4.9m and yet they have raised £19.2m at 50p






News UPDATE: Fastjet Raises GBP19.2 Million In Placing At Premium (ALLISS) LONDON (Alliance News) - Low-cost African airline Fastjet PLC on Thursday said it raised GBP19.2 ...
Alliance News21 July, 2016 | 5:09PM Email Form
LONDON (Alliance News) - Low-cost African airline Fastjet PLC on Thursday said it raised GBP19.2 million via a placing and open offer, with the latter at a significant premium.
Fastjet said it raised GBP15.0 million via the placing, conducted via an accelerated bookbuild by investment bank Liberum Capital Ltd. In addition it will raise GBP4.2 million via an open offer.
Executive Chairman Colin Child agreed to subscribe for 140,000 shares at the issue price as part of the placing, his only holding in the company.
The shares were placed at 50.00 pence per share, a significant premium to the company's closing price of 23.13p on Wednesday. Shares in Fastjet closed up 43% to 33.00p after the news.
The funds will be used for working capital purposes and to back Fastjet's revised business plan, which includes the introduction of a new type of aircraft to its fleet and the relocation of its head office in the UK to Africa.
Fastjet said despite the ongoing cost reduction programme at the company, plus a recent reduction in routes and fleet size, the company continues to be cash flow negative. The funds raised will therefore provide essential working capital for Fastjet to pursue its strategy.

[sharkman returns] 27/7/2016 14:36

it's time to reverse my friends.



we always buy 20-25% cheaper than cawky, he's an old mug punter pensioner, he should retire..

[zcaprd7] 26/7/2016 15:59

Doubled my holdings here...

[daredev1l] 26/7/2016 11:53

28P about to go.

[daredev1l] 26/7/2016 11:53

Hey Cawky

There are others who are shorters on the AIM supercasino.

Drip drip drip


more drip drip drip


then BANNNNNNNNNNNNNNNNNNNNNNG

[daredev1l] 26/7/2016 11:51

I will buy cawky shares at 18p

[albert3591] 25/7/2016 16:29

Fingers on the sell button,get it down.

[albert3591] 25/7/2016 16:19

Nice downward trend.

[kmann] 25/7/2016 15:01

I took a few here, may add later. As I see it Stelios and the new guy Niko have a shared experience, and both wear the "been there done it" badge of airline turnaround/startups. I think theyll get on.

Winters was just an uncommited journeyman.

Slicken the operation up, slim down the costs, and this should do well. Wait for the names of significant holders to appear.

The city should back stelios imo

[simon cawkwell] 25/7/2016 11:04

Gentlemen,

Surely, the real question is whether FJet can ever develop a profitable business in East Africa. My guess is that it is theoretically possible but, as matters stand, it has not been demonstrated.

However, I have taken the gamble at 34p and we'll see.

Simon Cawkwell

[evil_doctor_facilier] 22/7/2016 16:10

zcaprd7.
Did you read the rns? The reason the price was set at 50p is so the existing fund managers did not breach their % limits in any one particular stock.

How would these fund managers buying millions of shares in the open market help raise funds to try and save their existing invested in FJET?
Jeez dude this is all basic stuff here, the share price has not gone to the combine share and warrant price of circa 37p because nothing has really changed other than a rescue funding at an artificially high price due to fund mangers internal rules on holdings.
The warrants are worthless as it stands, indeed as i pointed out already, it would actually cost you about 20p for the privilege of getting one of these worthless warrants as it stands.

[zcaprd7] 22/7/2016 15:55

I assumed the warrants have a value, and that is what stopping the share price from going to 50p? Those placing institutions should just be buying in market otherwise?

[daredev1l] 22/7/2016 14:44

I may fill my pants at 19p