I think that reflects satisfaction that Colin is staying as Chairman. Nico is developing a plan too. If he comes up with a good plan then that may well support the SP and encourage investment.
The unknown is how much they will want to raise. Costs have been trimmed and I would very much doubt that Nico's plans will be of the order of Ed's. My guess is we will be down to three of the larger planes and be investing in some smaller aircraft to utilise the airports we can not reach at the moment. Unlike the previous cash call the plans would not, In my view, entail rapid expansion.
Today's stability indicates the iis are still on board, even Easygroup.
That's what a current share price in any company reflects - the sentiment of shareholders and what they are willing to pay based on all the facts available to them. Low load factors and imminent fundraising are among those facts with regards to fastjet. That's the way the stockmarket works. Situations and the information available changes, and you can win or lose. Simple.
Beretta, you must have missed it, but investors were told through a trading statement, yesterday I think, that fundraising would take place in July. And this was already being predicted.
So, yes, of course this is already factored into the share price. That's partly why the share price is not at the 70p+ that it was at, at beginning of the year or the mid forties it was at a week or two ago.
I wasn't targeting you personally when I said several derampers were completely wrong when they predicted that fastjet would be finished long before now, however, I have obviously hit a nerve. My apologies.
The current share price already has factored in expectations of a fund raising in the near future.
Looks like all those predicting over the last couple of years that fastjet wouldn't be around much longer were completely wrong. As was I up until now with my prediction that this was a strong buy. At some stage I still expect this to succeed.
There will be a successful leading low cost carrier in Africa at some point in the future. The question is just when and if this will be fastjet.
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