Have all the posts since Friday been censored. New SA laws kicking in hear?
Yeah I saw your rationale, but I was speculating that LONR is a far better company for any prospective purchaser than FJET. I don't follow FJET, and may have this totally wrong. But, over and above LONR's brand value and diversity and assets: (a) African cities don't have the kind of airports in the sticks offering cheaper landing rights; (b) FJET will no doubt face regulatory and other hurdles in establishing itself, because many state owned carriers are still in their infancy and may put up a fight, including using pliable legal systems; (c) FJET presumably still has to build up a network and fleet of any value. And now Laughingas' record may mean that finance and investors think twice. Thought you may be in for a fair wait. As I say, I could be wrong. This could be my emotion talking!
Does anyone know if a timetable has been issues for this takeover or is it early days.
You're probably right that it's not being sold at fair value - but that price is still twice what it was trading at before the bid. A lot of people will share the former trade minister's view about the way the company was (and presumably is) being run. And some might wonder whether it is being run in the interests of all shareholders. On FJET, to be clear, my latest punt was precisely because of the way LONR was run: I'm seeing FJET's trashed share price as being comparable to LONR's, and wondering whether there might be a mysterious bid which doubles its price as well.
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