Utilico Insights - Jacqueline Broers assesses why Vietnam could be the darling of Asia for investors. Watch the full video here.
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Slow to approve everything, protecting the interests of national carriers or the prospect of national carriers, their foriegn currency controls don't allow revenues earned to be repatriated to pay fuel, spares etc. FJet U.K. $ bank account was being emptied to pay for set-up and operating costs and revenues were stuck in African currenciy bank accounts. In 2013 I gambled Fly540 was a good deal it turned out to be a con jod that we fell for. I gambled Africa would change its attitude. It didn't. I have lost a packet and have been burnt badly. Thank goodness EasyJet, Ryanair and Dart Group have paid off handsomely.
https://twitter.com/whthome/status/1012315886877847557?s=21
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Nico just made this statement, so he knows if no funds raised tomorrow, SOLENTA ready with the pen
As Ed Winter. Unable and unwilling to control costs and has repeated the same mistakes again. I would be estounded if shareholders put their hands in their pockets again - it would beggar belief
Think it was unreasonable to expand before having a firm hold of cashflow required to run the operations at its lowest capacity season. In frontier markets, the requirement is first to be solvent, then have strong backers in background and then perhaps expansion.....
Wonder how low the price would go...as I am tempted to join for a small punt. Full aware it can all go in smoke....In watchlist for now.
To the Contrary, It would appear that committing to 3 ATR aircraft painted in our livery and presumably with trained aircrew sitting unused in Toulouse, without approved and confirmed new routes, was a Gross Error of Judgement and could well have jeapordised the whole business.
I didn't think it was possible but Nico seems to have burnt the shareholders cash at a faster rate than ED
Thanks for that. Must be problem at my end. I am encouraged by your more positive outlook.
Yes you can, i completed a dummy booking up to the payment stage.
The service remains fully operational.
Positive discussions and the percentage amount the largest shareholders have, i am confident short term funding will be provided soon.
DYOR
Cant complete dummy booking this morning. RNS @ 7
amongst yourselves. Some people have paid dearly for being invested in this company. Some have made money from taking short positions. Some have made money by writing things about the company and some have made money by ‘working’ for the company. It’s time to reflect on why you invested in the first place and why, in some cases, you continued to buy as the price fell. That in itself is not always a bad thing to do but, with hindsight in this case, was disastrous. A lesson to not do it again and not to take any notice of what people say on share discussion boards. I have lost on shares, it is an occupational hazard. It is how you mentally deal with it that is important. I write off any dip into the market as soon as I buy. That is how I deal with it.
?
Africa is the last frontier of aviation boom. So sad to see that FJET might not be able to take advantage even after all these years.....I wish all the best to the current investors and hope that you all recover your money here and then some more.
And the is how corporate vultures make penny on pound....nothing wrong with the business, just doesn't have enough cashflow in nearterm to survive. The retail shareholders sweat equity along with Stelios laid the foundation here, but it's the future owners of FJET who would take the cake.
I bought in here in the early days when Ed Winter was in charge,my initial 5k investment was soon shrunk by the first consolidation they had.I was feeling pretty sorry for myself and cashed myself in for £323.00,nobody likes losing money and I’m no different.I feel lucky that that’s all I lost as others will have lost a lot more than me.I think I can hear the fat lady singing,klepto.
personally I can see a positive outcome for fjet all be revealed on Friday panes will be still flying
i think i last held these in december 2016. i sold last few i had in the 17s. SP held well above 15p most since then until today. maybe worth a punt at 2p who knows..
fed lies by this company. The promises made and the actual delivery of them couldn't be farther apart. With the share price down a remarkable 78% in one day, this company has days left and not weeks. Terrible management and execution failures.
"Surely they ‘invested’ 13.2m not lost."
hey Taskmaster..yeah fair point..you "could" look it at like that if you wish...and yes buying the brand name etc is true
Interesting then to see what you now see their "assets" are worth..given all this "investment"
Too true Nuri. Left this long time ago (nursing heavy losses even then) but followed it on and off since. Not sure there will be too many coming on here to apologise for the relentless abuse you received when trying to highlight exactly what has just happened but hey that’s the way of these BB’s.
Come on poker make your mind up ;) but Surely they ‘invested’ 13.2m not lost.
At the H1 a year ago, you could have been a little optimistic things were in fact beginning to turn round.... but still losing US$13.2m over the half year....so ...still in need of financial cash flow support... still for me a share a watch from the sidelines with such cash burn
Losses down 57% year on year
On track to achieve target of cash flow break-even by Q4 2017
Revenue per seat up 30% year on year
Load factors up 18% year on year
Growing passenger flows from the Emirates Interline agreement
It was never going to be a viable cash generating business, cash burner most definitely.
nuri123a
Of course I appreciate it, nuri123a. I may not be your greatest fan but I appreciate an honest comment or opinion. Thank you for it. Oh, and I’m a fella, btw! ARE there any women on this board? I have yet to see any evidence of one, though there is no reason why they should be, or wish to be, so identified!
..... cant say you were not warned.