Tenpee - agree and I also think that this fund raising will be a turning point for the company.
"is 100 for 1 consolidation coming? " yes but may I suggest that you read the RNS from yesterday Downbutnotout ..like everyone else..all the details and timetable are there
Every 100 shares held now will be consolidated into 1 share. So 100 shares has a value of £1.05 today and the one share would have the same value. Some shareholders had a bad experience with a previous consolidation because the price dropped. I would argue that the company is on a surer footing with £50 million raised. The low oil prices have also helped to reduce day to day costs.
Long term fundamentals still there.
The news and share fluctuations come and go but the long view is unwavering ,after the rather impulsive entry lot of us made in 2012 we have been forced into taking a longer view -but a much healthier way. Personally Ive bought in every quarter and today I'm buying another 10,000 shares at a low point, the overall effect has been a lot of averaging down and I get more pleasure from my investment as the years go buy -if it reaches 20p by 2017 then for me it would be a very good perfomance , not an overnight success , but its an airline company. Historically they bankrupt investors at the same rate that tin- pot miners do . But I think we are onto a good thing if you keep a medium /long view and I'm more than appreciative of the time that is spent by the quality writers on these boards, of whom there are many, making it even more unique.
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