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Share Name | Share Symbol | Market | Type | Share ISIN | Share Description |
---|---|---|---|---|---|
Fastjet Plc | LSE:FJET | London | Ordinary Share | GB00BWGCH354 | ORD 0.01P |
Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
---|---|---|---|---|---|---|---|---|---|---|
0.00 | 0.00% | 0.03 | 0.025 | 0.035 | - | 0.00 | 01:00:00 |
Industry Sector | Turnover | Profit | EPS - Basic | PE Ratio | Market Cap |
---|---|---|---|---|---|
0 | 0 | N/A | 0 |
Date | Subject | Author | Discuss |
---|---|---|---|
12/12/2019 18:46 | Good to see them taking passenger safety so seriously..... | jimmyloser | |
10/12/2019 07:44 | Fastjet on 5th December launched an 11-weekly flight between Bulawayo and Johannesburg. The route will be served by the carrier’s 50-seat Embraer 145s. Fastjet operates six routes in W19 with its all-ERJ fleet, having right-sized operations and implemented a turnaround plan. This came after the airline initially launched with A319s, which ultimately proved too large for the market. 1H2019 has seen an improvement for the carrier, with RASK up 39%. | jimmyloser | |
04/12/2019 07:06 | Fastjet Embraer E145 Rob Finlayson African LCC fastjet needs to restructure by February 2020, if it is to continue as a going concern, with the disposal of fastjet Zimbabwe forming part of its survival plan. “The group will have sufficient resources to meet its operational needs until February 2020,” fastjet CFO Kris Jaganah said in a Nov. 27 trading statement. “However, the headroom of available cash resources is minimal, and the projections are very sensitive to any assumptions not being met. If the group is unable to carry out the restructuring proposal by the end of February 2020, it would be unable to continue trading as a going concern.” The company is now in active equity and restructuring discussions with its major shareholders, which have responded positively to the proposals. Fastjet originally launched with a Tanzanian airline in November 2012. The group previously had airlines in several African countries, but this presence has since been slimmed down to Zimbabwe (fastjet Zimbabwe) and South Africa (FedAir). The most recent airline to suspend operations, on Oct. 26, was fastjet Mozambique. One option is to sell fastjet Zimbabwe to Solenta Aviation Holdings and a consortium of local Zimbabwean investors, raising approximately $8 million. Solenta Aviation Holdings already owns around 60% of fastjet Group. “The disposal would also relieve the group of c.$5.4 million of current liabilities and c.$3.2 million of future aircraft capital expenditure, which will be raised and funded by the new investor consortium directly. In addition, the group would be granted an option to buy back its shareholding in fastjet Zimbabwe on the same divestment economics to which it would be sold, three to five years after the effective date of the sale,” Jaganah said. Funds generated by the disposal would be used to settle group liabilities and to provide working capital into fiscal 2021. “Upon completion of the restructuring, the group would then consist of the FedAir business, the fastjet brand and fastjet Africa (which incorporates the fastjet Central Systems business unit) and which also owns fastjet Mozambique. The group would be contracted by fastjet Zimbabwe to continue providing the fastjet brand and airline-management services,” fastjet said. This would turn the group into a “capital-light “The group’s strategy is to focus on franchise and providing airline management solutions to additional airlines in Africa that are independently owned, enhancing its overall revenues from these. Additionally, the group would aim to only own airlines once they were cash generative and profitable, [thus] avoiding the initial costs and significant cash losses through the airline start-up phase and from operating in Africa’s sometimes uncertain trading environment,” Jaganah said. Fastjet CEO Mark Hurst added: “The disposal, if agreed, approved and implemented, would be expected to de-risk the significant uncertainty and cash drain that shareholders have historically suffered and allow the group to continue operating under a more stabilized and simpler business model. This revised strategy allows the group the opportunity to create a single fastjet brand throughout key markets in Africa, leverage its key intellectual property of its brand and airline management solutions and invest in viable, already established airlines where it can.” Over the 10 months to Oct. 31, fastjet’s revenue rose by 20.5% to $34.1 million. The company also made “significant financial and operational improvements,” which are expected to cut full-year net losses to $7-$8 million, narrowed from $65 million in 2018. Fastjet Zimbabwe’s revenues also rose despite difficult trading conditions, after the Reserve Bank of Zimbabwe introduced a new currency which devalued the existing currency by up to 15 times and pushed inflation above 200%. FedAir’s operations are “resilientR Fastjet also clarified that its former Tanzanian airline, Fastjet Airlines, which was recently placed into liquidation was no longer part of the group. Fastjet Air TZ, which owned 49% of fastjet Airlines Ltd, was sold in November 2018. “For clarity, this liquidation order does not relate to the company or group itself and is restricted to divested fastjet Airlines,” Jaganah said. As of Nov. 21, the group as a whole had cash reserves of $3 million, $400,000 less than the same time the previous year | jimmyloser | |
02/12/2019 07:04 | Good News at last for Fastjet? | jimmyloser | |
29/11/2019 14:04 | Bouncing now | hjfe | |
29/11/2019 11:23 | Selling continues - | tomboyb | |
28/11/2019 07:00 | Michael Tome Business Reporter FASTJET Zimbabwe has disclosed interest to ply the Maputo and Beira routes, reviving the direct flights to these destinations which had long been abandoned by various carriers. This comes after the company recently advised of an impending launch of the Bulawayo-Johannesbur Effective December 5, 2019, the airline will fly the Bulawayo-Johannesbur In an interview recently fastjet chief executive officer Joao Sousa, hinted on his company’s intention to resuscitate the Beira and Maputo routes, while signalling interest in taking up more routes in the region. He called on the responsible authorities to lessen administrative barriers. “There are several routes we are looking at internationally, there used to be routes to Kruger, Beira and Maputo and these are under our radar and we are doing a business analysis so we can see the next move. “From Government, we are expecting faster decisions in terms of allowing us to do more routes than we are doing right now. “We want Government to help us achieve more routes that we have applied for in the meantime, international and also local,” Mr Sousa said. The fastjet chief implored key stakeholders in the aviation industry to have common vision and commitment to salvage the industry from doldrums it currently find itself in to attract other airlines mainly through improvement of basic air travel services indicating that his company’s aim was to provide flights convenient for leisure and business passengers travelling to various destinations of the region. He said his organisation was constantly in touch with other international bodies with overall intent to breathe life into Zimbabwe’s aviation industry. | jimmyloser | |
27/11/2019 20:16 | Considering you talked with some sense of authority, you are a clueless idiot chasing dog shares everyday. ADVFN trade lists? Lmao and you are an expert. Next time don't mouth at others for no reason. Do you know how many shares are owned by Institution here? No you don't. They have 2-3 billion shares to dump before delisting. Once they sell the business that's what will happen. Zen1227 Nov '19 - 18:33 - 10146 of 10155 what don’t you understand? | doom loop | |
27/11/2019 19:13 | Jeez what's it with name calling..hold my hands up, on ADVFN they don't show the date just the timing of the day, so thanks for the correction. It was a genuine error...hopefully no one bought based on this...that's after market close lol | zen12 | |
27/11/2019 19:11 | So will the idiot who claimed there was a 4.25m buy today, confirmed he's an idiot. Most probably he/she will his super buy go down -50% or -70% tomorrow. | lairy larry | |
27/11/2019 18:49 | Looks like we have a few chancers who can't read date of transaction or rns's. LOL | lairy larry | |
27/11/2019 18:45 | They are selling the business for $8m and there will be nothing left. mcap is 14m. 0.1p if you are lucky. Directors will be creaming it for next 2-3 years then administration. | doom loop | |
27/11/2019 18:44 | Yesterday 0.5-0.6 16:29:42 and if you were not an idiot who never followed this share, there was another delayed sell of 4.25m 16:29 yesterday, clue date 26th Nov. Now how many more 19m dump happening and how many more 4.25m delayed sell to be shown | doom loop | |
27/11/2019 18:40 | Another idiot. Using today spread for a yesterday trade. where do these idiots come front. Yesterday closing spread 0.5p -0.6p. | doom loop | |
27/11/2019 18:38 | If you were not that stupid You would have seen it was a yesterday sell. 26-Nov-19 16:26:37 0.54412 4,250,000 | doom loop | |
27/11/2019 18:36 | How do you know there are not more worked sells? there's no rns. | doom loop | |
27/11/2019 18:36 | Huh A buy of 4.25m is more sensitive than 3 lots of 19m. Are you an idiot? I see you jumped on every share that crashes, then claiming 40% rise the next day. why are you no longer posting on i3e? what happened with your motif? | doom loop | |
27/11/2019 18:33 | 19.6m you're talking about were worked sells throughout the day...they were printed around 15:20ish and they're now gone and absorbed by the market...what don't you understand?The last buy trade (16:26) was hidden and only revealed after market close.. | zen12 | |
27/11/2019 18:26 | Lets talk about a 4.25m trade and lets not talk about 3 lots of 19.06m at 0.3p | doom loop | |
27/11/2019 17:41 | 4.25m buy after close! | zen12 | |
27/11/2019 15:56 | a sale just gone through of 83 shares @.32 = 26.5p, why would anybody do that | m w |
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