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| Share Name | Share Symbol | Market | Stock Type |
|---|---|---|---|
| Silverjet | SIL | London | Ordinary Share |
| Price Change | Price Change % | Share Price | Last Trade
|
|
|---|---|---|---|---|
| 0.00 | 0.00% | 13.50 | 01:00:00 |
| Open Price | Low Price | High Price | Close Price | Previous Close |
|---|---|---|---|---|
| 13.50 | 13.50 |
| Top Posts |
|---|
Posted at 28/9/2016 18:25 by maximoney1 Company website : Stock info : Presentation : Factsheet : News : |
Posted at 01/6/2008 10:24 by drewz "on the other hand if they had been given the additional finance the upside potential was massive imo."That last sentence demonstrates, imho, that you never properly understood the nature of the investment you had jumped into. SIL would always have been struggling to stay in business, even if the price of oil had come back down to $85/barrel. The high oil price just accelerated its demise. It's costs were too high. Its pricing too low. Its interline options non-existent. Its versatility to cope in different stages of the economic cycle completely absent. A professional financial analyst, Mike Stoddart of brokerage Daniel Stewart, spent months studying it and came to the conclusion the business model was not sufficiently robust for SIL to survive high oil prices. Yet he was ridiculed by amateur investors who had taken a punt on SIL without understanding any of the issues of airline economics. There's a lesson in that for those that can be bothered to learn it. |
Posted at 23/5/2008 12:30 by drewz For info: the item on Radio 4 with Simon Calder talking about Silverjet is on between 12.20 and 12.29 approx for those wishing to listen later.Simon Calder was very careful not to say anything damaging to Silverjet and he stressed that at present they are still flying. However, rather pointedly a good part of his interview centred on what the position would be for passengers either already overseas or holding tickets but not yet flown if SIL stopped flying. |
Posted at 23/5/2008 11:27 by drewz Still advertising Dubai to the travel trade, but Newark has been dropped. This arrived in my inbox this morning:Silverjet - All Business Class The World's most Sivilised Airline! Dubai ~ Silverjet The feeling of a private jet... Yours for an exceptionally low fare of £549 TTG and Travel News will be covering the news of the share's suspension over the next week so I doubt they will get much more revenue from this source even giving the seats away at half price. Agents will know there is a high chance of them being stranded in Dubai. Very sad because it was a good product but the airline industry has always been cut-throat, especially with regard to new entrants, and SIL appeared at just about the worst time possible - just as oil prices took off and destroyed their business model. Having said that, it should be noted there are plenty of industry professionals who believe that a single-class premium carrier is always going to be vulnerable to failure even in benign economic circumstances. They just don't think the model can compete effectively against the mixed-class major carriers. |
Posted at 30/4/2008 22:35 by drewz Lol! No surprise here then:Shares in business-class only airline Silverjet (SIL) soared 2.5p to 17p after it announced an un-named investor from the United Arab Emirates has flown to the company's aid. However, the news did nothing to impress broker Daniel Stewart: "Today's news does not change anything about Silverjet's economic fundamentals; it just confirms how bad they are and means that they will have more time to continue making losses." |
Posted at 30/4/2008 16:30 by chris pee Hi, Ive held SIL since the end of 07 at around 40p. I also work in the airline industry. IMO, the Middle East market is an excellent prospect for SIL at the moment, with high demand for business class travel between London and Middle East hubs. The UAE also have a LOT of money to invest and are active in acquiring interests in aviation assets (airlines and maintenance providers). There is still a need for caution though, as $100M does not go far when you're operating 19 year old 767-200 aircraft(!) and fuel is at an all time high. I think the market will respond more favourably to this news when April's figures are released. If SIL can at least break even and show and increase in bookings since EOS folded, the share price will rise. All in MHO and good luck to all holders. |
Posted at 02/4/2008 12:22 by sambessey I have followed MaxJet and SilverJet with interest.I personally do not invest in airlines, as it is a very cut throat business, with EZY and Ryanair operating on wafer- thin margins to beat the flagcarriers on short haul (I know SIL appeals to a different market, but the principle of trying to out gun the flagcarriers on the equivalent class with price still stands, but to a lesser extent), and the potential is there for so many external factors to hurt any airline's fortunes quite badly. I must say though, I just do not see how SIL can hope to beat the big boys in a market where price does not matter so much- especially with the openskies agreement in place and the economic downturn around the corner. I also understand they are operating an ex- Britannia fleet of 7x7s? These are fairly old and inefficient (due to the older class of engines in use) aircraft, and I am betting their maintenance bills going forward will not be nice! I expect SIL to underperform the market going forward. I think they will survive, but I don't think they will generate decent returns any time soon. |
Posted at 03/3/2008 12:30 by i am myself2 on £1099 return fare £40 extra tax will make the total fare £40 higher or leave SIL with £40 less income. The tax change only effect SIL and EOS. the tax was reduced for the lowest level of service from £80 to £40. Now all buis class will have to pay £80 per dept.Silverjet has had a tax advanatge over BA and Virgin for over a year. You either has to go econ or pay £80 departure tax. Many SIL paxs will be trading up from economay with the flag carriers. If SIL could just add £40 to there price they would have. |
Posted at 03/3/2008 12:02 by whiteboard I Am Myself2 posted "Then Come november the airport tax on SIL doubles."Why do you keep saying that this will impact SIL figures. The airport tax is something that the pax pays, and not the airline (although the airline acts as the middleman). From November, there will be a £40 increase just for UK departures, and is a 'known' increase for all passengers (detailed on SIL website). To put this into perspective, SIL passengers currently pay £40 in UK airport taxes (rising to £80 from November 2008). So for a SIL flight from Luton to New York each passenger will pay £77.30 in taxes (increasing to £113.30 from November) For BA passengers flying Business class from Heathrow to New York, the taxes will be £233.40 for flights today and after November 2008. In the grand scale of things, this IS NOT a big issue for Silverjet passengers, in my opinion. |
Posted at 05/2/2008 08:49 by drewz "...that is one of Silverjet's biggest hurdles the fact that so many people would like to see it fail which i just can't understand myself."The only people who want to see Silverjet fail are Silverjet's competitors who are losing premium passengers to the new carrier - principally BA, of course. They will do all they can to knock it out of business by making it as hard as possible for SIL to get the load factors they need. Predatory pricing by BA/BCal put Laker into administration. We have seen all this before. As regards, investors and passengers, surely we all want to see SIL survive and prosper as they provide an excellent alternative to the big bullying over-priced flabby carriers like BA. However, one still has to be objective and pragmatic about the investment and judge it on its merits in the cold light of reality. Emotional investing will only result in bad investment decisions and losing money on those investments. |
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