Silverjet Share Discussion Threads

[i am myself2] 22/2/2008 18:56

An egm may be needed but if the small shareholders have only a small part of total shares then they will get trashed. I almost suspect that Mr Hunt wants rid of the shareholders and will be buying up shares when it failes to make a profit in march. It must be only those who have faith in Mr Hunt who are buying and they may not have been around when he missed targets before.

[m.t.glass] 22/2/2008 17:49

"Surely Hunt would need to obtain a shareholder resolution via an EGM to de-list"

It is possible (and a cynic might say more convenient) to merely do something which contravenes AIM rules and thereby achieve forced expulsion.

But for Hunt to be even talking of the possibility of a delisting - with the posible attendant delay for investors in recovering whatever cash is coming to them - is surely going to frighten a few of them to dash for the exit before it happens, rather than be trapped in a suspended stock for weeks or months (which doesn't have to happen but sometimes does).

[reefseeker] 22/2/2008 13:33

Surely Hunt would need to obtain a shareholder resolution via an EGM to de-list.

Far more likely in my view is a management buy-out backed by the Ruebens and which would see the management team acquire a significant stake at low prices. However that too would require shareholder approval.

[i am myself2] 22/2/2008 12:36

from


"Hunt feared Silverjet's share price was now so low that the airline was vulnerable to a hostile takeover, and said he may consider de-listing it from the Alternative Investment Market (Aim)."

The share would be almost un-tradable if it was de-listed. You may not get any warning before it becomes untradable. Many firms are first suspeneded.

You can see that Mr Hunt is trying to shift blame and getting ready for the end of Silverjet as a listed company. An survial plan is likely to wipe out all value for existing shareholders. I suspect the brothers will call in the loan and then buy the assets on the cheap from the adminstrators. That way they can start will a clean sheet of paper. It is even possible that the firm will keep flying while it happens.

[stluke] 22/2/2008 10:25

You say it like it will give you so much pleasure? you was wrong with your last prediction and i think you will be wrong again imo.

[aspers] 22/2/2008 09:45

will give them another month before down the pan for good!!!!

[vision88] 21/2/2008 03:09

New Target for silverjet 40p first leg, current price to buy 15.50p its a buyers bonazor r/now

[stluke] 20/2/2008 13:07

Plenty of stock changing hands again today with all the large amounts going through at mid price, seems to be plenty of small - medium buys aswell but having very little effect on the sp, looks like the MM's are happy to keep it around this level until next set of passenger numbers.

[blade8099] 19/2/2008 10:02

""I would expect it to hop around between 10p and 17p until it suddenly gets suspended. ""

I hope you are wrong.

[i am myself2] 18/2/2008 17:14

They may still be flying in a few months as they still have a few million pounds to burn. If they are still going they will need to raise another block of money. A rights issue would surely fail given that the last one at 60p lost people 75% of their stake in 3 months. It is currently a junk share with gamblers doing all the buying.

I would expect it to hop around between 10p and 17p until it suddenly gets suspended. The next update on loadfactors is in 2 weeks. Yet again they will try to spin good news out of flat growth. They are only running 1 newark fligh so comparisions will be distorted.

[doyouwantfries] 18/2/2008 16:24

Surely worth a punt. If you fancy a trip to NY in the next few months. Use the fare to buy 1k worth of shares. If their still flying and the price doubles, you've got yourself a free flight + adding to their revenue causing share price to go higher and another free flight.

If all goes pear shape, you simply dont get your trip to NY for the weekend because you've lost your flight money. Although further savings are guaranteed because you wont need to pay for hotel rooms!

[i am myself2] 18/2/2008 15:34

saying its a great model for a niche market does not make it true.

They are trying to sell a £2000 product for £1000 but the market thinks they will go under. The result is they are now dumping seats on the market at half price. This is done via buy 1 get 1 free, half price offers to the trade and free seat to travel agents who can get anyone to buy a full price ticket.

The problems are:=
1) costs have rocketed since they did the model
2) the niche is not that big with eos taking the high end.
3) the faith in the airline is going
4) They have no priceing power - offers needed to half fill planes used by pax who would have gone anyway.
5) It will be very hard to raise more cash

many airlines fail before they get of the ground. The outlook is for very bad times and silverjet is already terminal in my view. How can it hold up when you would have to be an idot to book a long way ahead with Silverjet. The very people who can aford silverjet are the ones who read the papers.

[blade8099] 18/2/2008 09:24

Silverjet is a great model for a niche market, and will be a success.

It has seen bad times, due to the credit crunch - so long as it holds up through these turbulent times, it will come out booming and matured.

Look up any airline - the beginning was always tough.

[blade8099] 18/2/2008 09:24

Silverjet is a great model for a niche market, and will be a success.

It has seen bad times, due to the credit crunch - so long as it holds up through these turbulent times, it will come out booming and matured.

Look up any airline - the beginning was always tough.

[andrbea] 18/2/2008 09:06

Silverjet expects the increased growth in tourism and travel throughout the Middle East to bolster the growth of its service-focused, all-business class airline, flying daily from London to Dubai via private terminals in both cities.

"This Fast Future report highlights how rapidly the travel and tourism market in the region is developing and emphasises the importance of the business class travel segment, which is where we operate so successfully. More growth in high-end traffic in and out of Dubai should mean more traffic for Silverjet into the future," said Silverjet CEO, Lawrence Hunt.

Silverjet plans to capitalize on the investments in airport development worth an estimated USD 39 billion according to the GFF report, which expects the major Middle East airports to expand capacity to handle an overwhelming 320 million passengers regionally.

"The region is experiencing dramatic growth in both demand and capacity for aviation. The UK is a key target market – particularly for Dubai. New and existing customers in the region have demonstrated themselves to be highly demanding in terms of end to end service, efficiency and value for money. Silverjet has clearly positioned its offering to address all three requirements and has built a loyal and growing fan base – as evidenced through positive customer testimonials and the regular international awards it is receiving," said Rohit Talwar the report's author and CEO of Fast Future.

[andrbea] 18/2/2008 09:04

At the time of the IPO in May 2006, Mr Hunt told investors that it would take three years to launch Silverjet and build it up into a successful, profitable enterprise.

He's sticking by that guidance, saying: "By end of this year we'll be operating five aircraft and we'll be making very solid profits".

[bygadsir] 17/2/2008 17:03

If they are offering two business class seats for the price
of one - then passenger numbers could double, but revenue
will not increase. So this promotion is doomed to fail.

bygadsir

[ian 50] 17/2/2008 15:29

LETS HAVE A POSTING VOTE COULD BE INTERESTING?

[aileron] 17/2/2008 13:32

i am myself2,

i think stluke will now regard you as a numptie

god i crack myself up

[i am myself2] 17/2/2008 10:58

The tone of the boss is changing:-


They are trying to get people to book up 6 months ahead with offers in newspapers but are very unlikely to be trading by then.

"Whether Silverjet survives or not is frankly down to the toss of a coin," says one leading airline analyst.

Even the boss does not sound certin:-
"I don't think we're going bust," Hunt says,

Profit in march has been replaced by;-
"We're on track to make a profit in the next month or two."

the paper predicts it is burning £2.5m per month as its cash has dropped to £14.5M even after its raised £22m at the end of last year. Most of the remaining cash is restiticted or tied up in contracts for next planes or lease obligations. They should also have lots of cash from jan sale.

Every broadsheet has weekly items on Silverjets cash problems, it is badly damaged. At some point the credit card firms will refuse to pass on any cash ahead of travel so that they are not exposed. That may already be happening.

Silverjet only made 80% load factor when one of teh two planes broke so that they had to combine 2 planes into 1. For the next two weeks they are back to 1 plane on the Newark route. That means pax numbers will drop but load factor will rise. They will carry less pax in Feb on the Newark route as a result.

The airline is doomed in my view but it will take months for the cash to run out.

[davidosh] 16/2/2008 16:39

If anyone fancies trying out the product there is a 2 for 1 flights offer starting in the Times today.....that will no doubt assist cashflow somewhat as the deal is for travel in six months time but book and pay now. The business travel sector is probably at a low point in August so not a bad marketing idea via the Times but heavily discounted seats of course.

[drewz] 16/2/2008 12:50

"...I'm trying to keep things positive in spite of the endless numpties posting on here!"

I don't know about "numpties" posting on here, stluke, but most contributors seem able to distinguish harsh economic and investment realities from PR guff, perhaps unlike your good self!

[stluke] 16/2/2008 12:33

Another article from a middle east newspaper while im trying to keep things positive in spite of the endless numpties posting on here!

Report details Middle East's expected tourism and travel boom.

"Silverjet - the all-business class British airline - has said that it fully expects its number of passengers to grow in step with Dubai's own expected tourism growth, as detailed in a recently released independent travel and tourism report.

The new report from Fast Future, entitled The Future of Travel and Tourism in the Middle East: a Vision to 2020, details the growth of the Middle East tourism and travel market from now until 2020 in all travel and hospitality sectors.

The report compiles information on the major projects and acquisitions of the region's leading airlines and airports to give a detailed and realistic picture of the next decade of industry expansion.

Fast Future's research program draws on a range of methods to explore potential scenarios, challenges and opportunities for travel and tourism and to provide practical advice on how decision makers can factor these insights into their planning.

Silverjet expects the increased growth in tourism and travel throughout the Middle East to bolster the growth of its service-focused, all-business class airline, flying daily from London to Dubai via private terminals in both cities.

"This Fast Future report highlights how rapidly the travel and tourism market in the region is developing and emphasises the importance of the business class travel segment, which is where we operate so successfully. More growth in high-end traffic in and out of Dubai should mean more traffic for Silverjet into the future," said Silverjet CEO, Lawrence Hunt."

Silverjet plans to capitalize on the investments in airport development worth an estimated USD 39 billion according to the GFF report, which expects the major Middle East airports to expand capacity to handle an overwhelming 320 million passengers regionally.

"The region is experiencing dramatic growth in both demand and capacity for aviation."

"The UK is a key target market - particularly for Dubai. New and existing customers in the region have demonstrated themselves to be highly demanding in terms of end to end service, efficiency and value for money."

"Silverjet has clearly positioned its offering to address all three requirements and has built a loyal and growing fan base - as evidenced through positive customer testimonials and the regular international awards it is receiving," said Rohit Talwar the report's author and CEO of Fast Future."