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It could be that M&G are reducing here at the levels they are because they are topping up elsewhere.
I know of at least one place they are holding 73,686,244 5.22% shares currently worth 24,869,107.35, and the reason I know this is because I'm invested there too. I only noticed their shareholding tonight and it would make sense for them to keep topping up because in the last 3 months it has gone from 9p to 33.75p, and it will only go much further.
I didn't mention the company name because I don't want anyone to think I'm pumping another share here.
I'm holding 2 million shares here, not a massive amount I know, but I do intend to HOLD for the mid-long term.
GLA
Vicjain,
Good luck to you, sir.
I also believe Fastjet will survive, which is why I'm not selling my last few shares.
ATB.
for the end of the week as I thought! Let me allow Weekend overtime chatters to take the lead...................................
£1? Dream on - lol
I will be quite happy with 1p for now... Good luck
I expect a decent SP increase before close. GL
all i want is for this share to hit £1 and then i can buy my dream house. its not much to ask is it please
Thanks for a nice measured response for once JT.
Now here is what annoys me about you;
1. You post incessantly on a BB you're not even invested in
2. You ONLY post negative opinions. Never balanced from what I can see
3. You try to paint a picture of yourself selflessly helping the 'mug punter' with your huge experience.
Now I'm newish to investing yet have still managed to make some money on this share. Don't assume all Pis invested here are naive and need your constant doom and gloom commentary.
Hope you are honered to be my first person blocked.
GLA investors
Mind you we had a similar joke in property. 'How do you make a small fortune in property, start with a large one' Touche
No point having negative comments. Same buying price as yesterday SP increase. Buy it now you are in for some excellent profit. Not for chickens this share dealing imo GL
Agree Mojo. Similar to you bought .14 sold around 60. Now my average somewhere around .20
Potential huge upside from here. Bottom reached imo.
GLA
A good discussion between Get Rich Quick and Vicjain there. Insightful rather than the usual "You will lose all of your money" or "Big buys coming in" rants. JT, in response to your previous question, I more than doubled my money here by buying around .19 and selling around .45. I've since bought back in and slightly down. So it is possible to make money here and like with all shares, it is all about timing.
Are M&G piffed as to Fastjet selling Zimbabwe route/franchise as biggest holder Solenta haven’t sold one share. This company isn’t going bust anytime soon! RNS states will release financials September due to Covid. There’s news in pipeline once M&G have removed or stopped which the directors will know how far they are going with sells,all out or maybe 10% holding.
Second that..this surely is now the floor. They will take this up suddenly...as now it’s upto MMs to take this up and reveal the true SP!
Lots of updates from different fronts expected.Govenment Funding.Flight resumes.Funding.
I Understand your points get_rich_quick. I am only speculating as to whether bigger players are adding to their existing holdings or buying in as new investors and i take your point that no other RNS's of such holdings have been issued as yet. Again just a possibility on my part.
The shares could also just be taken up by general investors. The sp seems to have support around these levels hence why i think it won't go much lower... I don't think M&G are desperate to sell out so it makes sense to set a minimum price at which they wish to sell at....again just imo...M&G's strategy has likely changed due to several factors eg covid 19 and so may wish to focus on other stocks due to their investment criteria....that said i believe FJET will survive, and have clearly suffered like many airlines, but with lockdown easing etc, things will improve for their business model and so the sp should recover soon enough imo
Remember Warren Buffett's joke, “How do you become a millionaire?” The punch line is “Start as a billionaire and buy an airline."
Why has my post regarding M and G and their purchasing price been removed?!
Vicjain,
Your 13.43 post pretty much sums it all up.
Wholeheartedly agree with you Vicjain. I don’t think the selling is anything to be concerned about, just a fund manager doing his job.
Hi, Vicjain,
My post toward the end of the day yesterday, commented that we are likely to receive an Rns due to the 1% threshold being crossed.
I'm not a clairvoyant, nor pyshic, nor have insider knowledge or spesk to Mystic Meg...
But it doesn't take a genius to look at M&G personal situation, and if we are presuming most sells of 10m shares and above are M&G related, it really hasn't been difficult for me to work out what percentage they are down to, and if there will be another holdings Rns.
Regards other bug players buying in or increasing their holding. Who are you speaking of?
No, new large insti has bought these huge sale of shares that M&G have offloaded.
If they had, we would have had an Rns. The free float of shares for private investors is getting swamped, and a part of these calculations, and the lack of confidence due to M&G offloading, are contributory factors with why the Sp is falling.
And I'm sorry to say, more sorry as I hold a few shares, that the Sp will continue until M&G stop selling.
I highly doubt they have a minimum Sp to which they want to sell at. Why would you think that, and why would you think that this is current Sp they are happy to hold at?
For goodness sake; I keep banging this drum but M&G are looking only to invest in solid stocks that offer likely returns. Fastjet doesn't fit into their new portfolio.
Good luck all.
And have a fab weekend.
Agree...M&G's holding represents a small proportion of their portfolio so would suggest a tidying up of their accounts if anything and likely to be a change of strategy and risk in terms of the stocks they hold. I don't believe there is any fundamental problem with FJET as such so once M&G have stopped selling or are completely out, i believe the sp will move back up much higher. Clearly if M&G are selling, there is going to be a drag on the sp in the short term. I will continue to hold.
Mr JT. Thanks for posting . Your views as just as welcome (and frankly a darn sight more insightful / intelligent) as the “massive uptrend from here” lot.
A chat Board is all the better for balance.
Frankly...I hope I something does “give” to see a sharp movement, I’m now only £200 from recovering all my losses (you asked if anyone had successfully traded over the past two weeks...yes I did). But I’d never put anything more than my Friday Fizz money into this!
Let’s see... my bet is on you being right. And my list of dim wits on here is growing by the day
Happy Friday
Miss G
:-))
Yea not sure which orifice JT16 pulled those calcs from for them to have cleared by August as given the trend of 10,000,000 share sell off per day is extremely conservative...
M & G are down to 13.44% as of Tuesday the 16th, so could well be down to 10% by close of play today assuming they are still selling. All the recent RNS's are showing only M & G are selling so this would suggest the selling is due to their own business strategy imo. We don't know for sure if they will sell all or not. Also they may have a minimum sp to sell at which would also suggest that the present sp is around the bottom...This is a good opportunity for some of the other big players to increase their holdings or other big players to acquire a holding here. If they are looking to sell out completely it is likely to be done around the end of June/ early July imo
People will believe now it will take long time to be clear