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Four return flights on Wed , looks like a one off
Looks like we had a problem with BBH and had to sub out to SA to cover our service. Hope all back to normal tomorrow.
Noticed Fastjet Zimbabwe are operating ERJ reg ZS-DFC operated by SAA express our regular Zim aircraft is also operating.
Indeed as I have no reason to doubt the long over due RNS,just heading in the right direction,great to see FJD behaving and giving us 11hours plus utilisation.
The share is still a dog though thank goodness my investment is just a punt as are most AIM shares!
Fjc... Stark contrast to how you were feeling on the 31st May....what a difference a month makes :--)
This includes “evaluating expansion options to further geographies” with further announcements to be made in due course.
The above taken from recent RNS is so exciting!
Trade tips have closed their shorts, let's hope we are on an upward trend
FASTJET PLC, LONG TERM SHORT, 30/5/17, CLOSED AT STOP 19.1p. LOSS 100%
which shows No availability information for this city pair/date but does show some listings when entering
VFA-JNB There is still a Glitch.
Well they have made a start, they have put a copy of Fastjet Places in flight magazine on the Website Blog for access, now they have just got to get the Website editor to change the old link at the bottom of the page where it still has a link to the old copy of Travelsmart. My bet is more people will still use that link and not find the new version on the Blog until this change is made.
I think keep you powder dry.
I feel slightly uplifted by some of the gracious responses from you, shylock, PJMInvest and B787. See? – I didn’t even know to which Act Section 656 referred to!
You – shylock – also happen to have made an innocent comment which illustrates well my limited knowledge of business practices, the stock market and the aviation industry in particular!
You wrote earlier of knowing “that the magazine is high on your list of concerns”. That is perfectly true, as is my opinion on the livery and logo. All three are areas of particular interest to me and also, after a career in typographic design, somethings I can discuss knowledgeably.
Though you may be sure that once the replacement magazine appears, I shall not continue publishing my advertising/editorial ratio analyses!! Although it was only the despicable, now-banned-for-the-4th-time, Beretta who actually took the p*55 out of me for it!
There will no doubt be press coverage over the weekend - e.g.
Was a pleasant surprise to check share prices at the end of the week to see Fastjet up over 18%, and on decent volumes of trading too (about £100k today)
No surprise to see Nuri dwelling of the distant past. This share price is up over 17% this year. A healthy return for any investors over that last six months. Mistakes were made by the old regime. Fastjet is now a different entity with Solenta backing it. Gone are the days of Fly540 and Ed Winter. Onwards and upwards from here.
I predict some health buying and further share price rise at the beginning of the week as a result of today's announcements!
Thank you very much for attending and reporting back on the AGM. I live in Scotland, so geography is my reason for not attending. Had it been in Edinburgh I would definitely have attended.
It is gratifying to know that the Leaders of the Company view our remarks and comments and that they can tell the difference between real followers and the Nuri's of this World.
I am sure that with this knowledge of our post's being observed, we will continue in the same vein in the knowledge that action may be taken, even if we do not receive the reply dialogue we would like.
If you guys, who presumably for reasons of work or geography, are unable to attend the AGM yourselves to pop your own heads above the parapet, is it not possible to post your questions to the Secretary to have them asked by proxy?
You see, I’m struggling even with that since a bit of Googling suggests that a proxy has to be someone physically present who can act on your behalf.
There is a reason that I didn’t announce in advance that I was going to attend the Meeting since the last thing I’d have wanted was to go armed with a sheaf of questions posted by forum folk and being the only one present to behave like an interrogator! I recall something similar was the consequence of so doing back in 2013!
While I acknowledge I’m not the most suitable candidate to represent the Forum members’ at an AGM, nor am I anywhere near as well-informed or confident as your good self and others to be so bold, none of the others present did so either. And nor did the Chairman, Rashid Wally volunteer to touch on such leading matters.
However, I have my own “methods” and can tell you that there was one listed topic after the 10 other resolutions I referred to, namely the “Serious Loss of Capital” which sounded promising as something worthwhile to report on. But as the “final item of business”, “as required by section 656 of the Act to consider whether any, and if so what, steps should be taken to deal with the serious loss of capital of the Company”.
But it proved not to be as Mr Wally simply stated that “In the light of the developments announced on the 1 Jan 2017 and the progress made to date, there are no additional resolutions or actions required this time to address this matter.”
And on that, with no other questions, the meeting ended.
All things from this mornings RNS would've been good to cover too...
- re-fleeting / right sizing plans (as the fun and games with the fleet over the last few months have not looked slick)
- confirmation as to the Jo'borg move (is this now all complete?)
- Solenta's role (when will the 3 aircraft be on station - are all AOC issues now sorted?)
- expansion plans with Solenta (where?)
- new routes within existing spheres of operation (easiest and cheapest form of expansion eg BUQ in Zimbabwe or smaller airports in Tanzania)
- cash position (as mentioned by Shylock)
.....the Share Price has jumped over 16.5% – a level not seen since last mid-November.
When I began the “RNS” thread just after 8am, I’d barely had time to take much of its content in, beyond my observation about now owning the parrot, as I was in haste to leave for the company’s AGM at 10am. Staying on in London for a while before returning, I find the RNS has, unsurprisingly, sparked off a mini-explosion of posts to read.
So thank goodness there is absolutely nothing (but see below!) to report back from the AGM, which was held in Liberum’s swish offices in the City. Still only about a dozen attending, plus the Board, so twice as many as last year’s 7!
Just the main formalities of receiving the Report and Accounts; re-appointing all the officers etc for another year and approving the directors’ authority to allot shares...[see the AGM Circular .pdf on our site if you must!]
But the good consequence was the plenty of time left for the chance to meet and chat over coffee with the new directors – in particular of course, CEO Nico Bezuidenhout himself. But I also enjoyed lengthy chats with Rashid Wally, the new Non-Exec Chairman from 1 Apr; Peter Hyde, our newest Non Exec Director joining a week before; and “old-timer” Bob Burnham, who has been at 4 out of the five AGMs I’ve attended and, inevitably, worked with Ed Winter for much of that period.
All very relaxed and the news to pass on to you all is that Nico, not to mention the other three, is a frequent visitor to this Board. They all added to my confidence that the company is now in much safer hands – a view with which I know many of you have still to agree.
I had prepared a, typically!, lengthy pair of questions to ask but when I checked in to the Board first thing this morning, I was amazed to see the coincidence that both my queries had been resolved by many of your posts last night! I had planned to comment on the situation concerning the in-flight magazine – now sorted I see; and more importantly, try to resolve a proper channel for any of us to communicate with the BoD when we had a serious issue that was causing concern or serious criticism.
I noticed that that too had been raised by PJMInvest last night, posting the stock reply he’d received over Nico’s name.
Mr Bezuidenhout confirmed this during my chat with him this morning, together with the standard non-practice of entering into dialogue with individual shareholders. But in telling me of his regular visits to this Board, he added how it does provide a very useful and broad input from a wide range of private investors’ opinions to which he and his colleagues can react to as considered relevant and appropriate.
I personally think that’s a most satisfactory compromise and provides some reassurance that our voices are heard and, without being too naive, maybe acted upon.
And the unexpected icing on the cake, is to return to see the Share Price has jumped over 16.5% – a level not seen since
Whoops already did the first bit, sorry.
As someone nursing 99.5% losses anything is welcome; but the graph is outrageously mis-leading, how about another line with share volume - no true price without volume.
Price up but little interest. Massive averaging down opportunity, but.......
As someone nursing 99.5% losses anything is welcome; but the graph is outrageously mis-leading about another line with share volume - no true price without volume.
So they are in the process of evaluating expansion options?
BRING IT ON
The Company has made progress in implementing stabilisation efforts, including inter alia, a re-fleeting process, relocation of its headquarters from London to Johannesburg and a right-sizing of its operations in Zimbabwe and Tanzania. These steps are having the desired effect and accordingly fastjet aims to achieve a cashflow break-even position for the final quarter of 2017. The Company, aiming to leverage its relationship with Solenta Aviation Holdings, a strategic investor who acquired a shareholding in Fastjet in January 2017 and who has an operational footprint in a number of African countries, is in the process of evaluating expansion options to further geographies and looks forward to making further announcements in due course.