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Ok. So the company makes a announcement. Why ?
What company seeks to control the share price and why. ?
What are they acting for the good of us shareholders.. maybe they will make a announcement when we should buy and sell. THINK NOT ??
Seems to me any company that is taking payment for tickets in the knowledge that it may go pear shape should not be trading !!
No I think this particular announcement is in relation to its proposed deal to sell part of the company off. Seems fastjet BOD don’t want the price going up as it increases the value of the company and is detrimental to its negotiations Any one knows if any company was about to go under it does not need to wait 2-3 weeks to come to a decision. My view is get in while you can. You have all seen how fast the share price can rise. The BOD are active hence why they knocked a huge chunk of debt off.
nennyb but how is this going to get 1p while it is shut down and the disposal might not go through.
They stated in the 1st May RNS that they would need further funding by end of June to continue operating.
comeonvog
Yes they have
From a few days ago, charter flights are running.
Fastjet Zimbabwe this afternoon announced the airline’s intent to operate a mission specific charter flight in support of the repatriation for both Zimbabwean and South African Nationals, for travel between Harare & Johannesburg and vice versa, was granted formal permission by the aviation authorities of both countries for the flights to be operated on Friday 29 May 2020.
This first repatriation flight arrangement is wholly intended for Nationals and Permanent Residents of both countries presently stranded who wish to return home. This arrangement is a demonstration of the excellent cooperation and relations between the Republic of Zimbabwe and the Republic of South Africa.
The airline acknowledges and expresses gratitude to the respective ministries and delegations staff of both countries for the collaboration and unwavering support demonstrated and provided to the airline.
Fastjet Zimbabwe Accountable Manager, Mr. Ed Berry said: ‘All repatriation flight arrangements are in full compliance with the lockdown regulations for Zimbabwe and South Africa and will be coordinated with the relevant authorities and our service partners with full adherence to the prescribed industry and regulator safety standards introduced for COVID19. Over the last few weeks, we have had many customers reach out to us asking for our assistance in helping them return home, and we are pleased that this is now becoming a reality‘.
The flights scheduled to operate tomorrow, Friday, 29th of May are already fully subscribed to, however Fastjet Zimbabwe is continuing discussions with the relevant regulators and authorities for additional repatriation flight arrangements between Zimbabwe & South Africa and vice versa for the week commencing 07th of June 2020. Pending the required approvals, customers may register their interest for these flights by submitting an email to customer.zimbabwe @ fastjet.com.
In the meantime, the airline’s scheduled network operation remains highly dependent on the lockdown travel restrictions and opening of borders in this context. The fastjet team remains mobilised to welcome all customers on board its aircraft as soon as possible and in complete safety and reiterates its commitment to assist as many stranded Zimbabwean and South African travellers.
You have made your point and I haven't got anything else to say to you.
You have you got your opinions and I have got mine and yeah that's it.
Time will tell who was right or right. Thanks for your concern so...
Take care and have a good day....
nennyb lets here it then, what's going to move this up to 1p. how has there business been preforming during the shut down.
That trading update is going to be a corker. HAHAHA
Comeonvog and why not? Not because it wasn't at 1p in December doesn't mean it would get there at some point??
LondonTradersty I think the 5 year graph is the depressing story here. All that money gone , paid for buy PI's . Airlines ,Africa , Pandemic. What a combination for big rewards.NOT
nennyb Why 1p, it was only 0.27p in December 2019 before the pandemic. They are running out of cash and options fast. Basket case at it's best.
The Company is still assessing its future funding requirements should the Disposal not proceed to enable it to continue as a going concern beyond 31 July 2020 and will issue an updated trading statement in the last week of June 2020.
Think this should be read several times before throwing money at this stock. They will do a placing .
Exactly driver, nothing has really changed apart from a lot of de-rampers coming on here running the mouths spouting a lot of things like "I told you so" etc
What we need is a nice steady rise up to 1p+ no big spikes as they are not sustainable. Good luck
What the de-rampers don't realize we are still on the runway, can see this over a 1p when they start flying at the end of this month..
Seems to be settling around the 0.40 level...
Definitely worth buying Aston Martin - my psychic has looked into her crystal ball and she says its going back to over 120 this month. Not so sure about this sucker but I've have an order placed at 0.10
Are these worth a punt?
Very happy indeed.
top slice on the way up, buy more on the way down :)
Biglnt, we will just ignore the Doom and Gloomer.
Get_rich and I were just joking about you buying an Aston Martin.
We just have to wait and see how things pans out here.
To be honest I wasn't expecting such a big rise like this today so I am really happy with the way things are going.
I appreciate it's the NOMAD but I fail to see their direction in doing so.
Rns' cost between £250-500, so why bother.
An increased share price can encourage investors and if they are looking at selling Zimbabwe FJET then it only encourages a higher price.
Oh well.
They come out with that statement to show that the share price rise is purely speculation on the part of those buying. This company has had a slow journey to the bottom - surprised entirely that it has lasted this long... anyone buying at 0.8 pence per share will be down over 40% now... you can lose as much as you gain on this price movements and more because the spread is 11%. Good luck speculators...
I know things are looking good for tomorrow what are your thoughts longer term? Can we expect to see a more stead constant increase or do you think it will be volatile for a while?
To say I'm frustrated by this is a bit of an understatement, I bought in at 0.4 earlier today looking for a short term hold not to pump and dump. Then when I see how much its risen by I try to sell from 0.6 but couldn't trade online or get through on the phone and now its back at 0.4. Looks like I will be sticking to my original plan of a short term hold!
It's the NOMAD not the company, I'm sure the directors were loving it but forced into making a statement.
The only ones moaning are generally the ones not invested.
lots of support at this level.
looking good for tomorrow.
"fastjet, the low-cost African airline, notes its recent share price movement and confirms that it is not aware of any specific reason for such movement."
Why companies come out with this standard response is beyond me.
You would think they want interest in their company, unless it's due to suppressing the Sp for raising capital.
2 x 2 million buys at 0.85p, ouch