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Fastjet Share Chat (FJET)



Share Price: 28.75Bid: 28.50Ask: 29.00Change: 0.00 (0.00%)No Movement on Fastjet
Spread: 0.50Spread as %: 1.75%Open: 27.50High: 28.75Low: 27.50Yesterday’s Close: 28.75


Share Discussion for Fastjet


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buxton1
Posts: 428
Observation
Opinion:No Opinion
Price:28.75
RE: first of many changes
Today 04:12
I would say 25% of salary is very optimistic considering his track record .
A man full of hot air who delivered nothing he should have gone long ago at the same time as Ed and co
 
DavidGreece
Posts: 5,788
Premium Chat Member
Off Topic
Opinion:No Opinion
Price:28.75
RE: Clarification of those Warrants..
Today 00:22
Poker apologies I was referring to the OPs question re value. Don't disagree re dilution at all as and when converted.

It's outlined in the link.
methuselah
Posts: 922
Observation
Opinion:No Opinion
Price:28.75
warrants
Wed 23:55
Benjamin Grahan wrote about warrants many years ago when they were first introduced as a financial instrument. He was far from flattering about them, in fact he said they should be banned. As far as the private investor is concerned, take heed and stay away from any company issuing warrants. Take a look at the companies that issue them and the ones that have never issued them and would never issue them. The latter value their shareholders, because they are paid up shareholders of the company themselves and would never dream of diluting themselves and others to oblivion.
Pokerchips
Posts: 2,089
Off Topic
Opinion:No Opinion
Price:28.75
RE: Clarification of those Warrants..
Wed 23:43
"The proceeds of the executed warrants at 31.5 go to the companies balance "

Yes David..and as I noted they issue a new share as a result ..

It is a way of extending the placing further in reality ...
Pokerchips
Posts: 2,089
Off Topic
Opinion:No Opinion
Price:28.75
RE: Clarification of those Warrants..
Wed 23:30
1.The warrant is worthless unless the share price is equal or abover the exercise price.

2. When the warrants are exercised then the company will issue NEW shares which will dilute existing shareholders even further.

This is where they differ from options....with options the company buys in the market and as such thee ae no new shares and no further dilution.

As such the more warrants that get bought ALONG SIDE the new 30,000,000 shares will ADD MORE DILUTION
DavidGreece
Posts: 5,788
Premium Chat Member
Off Topic
Opinion:No Opinion
Price:28.75
RE: Clarification of those Warrants..
Wed 23:25
Obv excluding commission etc
DavidGreece
Posts: 5,788
Premium Chat Member
Off Topic
Opinion:No Opinion
Price:28.75
RE: Clarification of those Warrants..
Wed 23:25
To simplify it, it's effectively buying the stock at 31.5p regardless of market price. The proceeds of the executed warrants at 31.5 go to the companies balance. The rest is a profit for the person executing as normal I.e if they had bought the stock at that level when it was there.
DavidGreece
Posts: 5,788
Premium Chat Member
Off Topic
Opinion:No Opinion
Price:28.75
RE: Clarification of those Warrants..
Wed 23:23
Warrants and options are two very different things in terms of financial return

http://www.investopedia.com/ask/answers/08/stock-option-warrant.asp

The warrants have no value till executed and that value to the companies coffers is the price it is set at. I.e 31.5p for each one at that time regardless of the share price (which will obviously need to be higher than the set price to buy)

Hope that clarifies
HFWizard
Posts: 192
Off Topic
Opinion:No Opinion
Price:28.75
RE: Clarification of those Warrants..
Wed 23:20
Some further thoughts on this. Let's say share price rises to 37p. The warrant will have a value of 5.5p + time value. For argurments same let's say another 4p for the time value. The warrant will be worth 9.5p. Not just the 5.5p
HFWizard
Posts: 192
Off Topic
Opinion:No Opinion
Price:28.75
RE: Clarification of those Warrants..
Wed 23:15
Hi all, I am an occasional poster here and have been reading the offer document and all the helpful tips here. With respect to the warrants these will be tradable if I understand correctly. If warrants act like options they will have a value even if the current share price is below 31.5p. Do all the calculations so far on this chat assume a nil value on the warrant until it passes 31.5p? Again if priced like an option, a warrant on a stock this small (with such large potential, I appreciate we have a long way to go still) that goes out 5 years I believe will have value. What that value is I have not got to yet. Just wondered on posters thoughts??




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