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ZZZZZzzzzzzz
Ps what’s the share price at close ? Why? Nothing has changed. If anything negative facts and covid 19 has come to light The current price has no justification. The price will trickle back down to below its low and people will decide on punt / gamble .
I have never ramped or deramp a share. I have always stated facts people on here lately have not been stating facts, have used old data as though it’s recent and created hipe As more info comes out you have to reassess your assessment and investment. One of the problems with fastjet is they keep crying ‘wolf’ regularly they say now there running out of funds. Really the business has not been sustainable for a long time now with out borrowing money. Other airlines down there are doing well. If the deal goes through this company will fundamentally just be a shell with franchise ability. The company has not specifically stated what it will do if the deal goes through. So the gamble is will the deal go through either way SARL win. The investor doesn’t. If the deal does go through and especially with what has gone on lately what will be left that actually gives the company a valid value and surely with its view of a deal being done why is it not peddling its future and what’s its going to do ?? This now stinks to me of collusion which is not in the shareholders interest.
Breakfree you used to ramp this share a few months ago when it was .055 What has changed now?
Yes , basically Solenta are getting assets on the cheap. Not good for us smaller shareholders. The only way forward if the BOD are committed to the smaller shareholders and sure of their convictions is yes another rights issue which would I know be ridiculous but cheap funding
" 01 May 2020 - The Company has negotiated a US$600,000 loan facility with SAHL (the "Additional Shareholder Loan").
The Board has approved that SAHL register an aircraft mortgage to secure the Existing Shareholder Loan and the Additional Shareholder Loan, together US$2,600,000 (the "Outstanding Shareholder Loan"), against one of the Company's EMB145 aircraft currently registered in South Africa;
· SAHL is entitled to convert at any time the full or any part of the Outstanding Shareholder Loan of US$2,600,000 into ordinary shares of the Company, at a weighted average share price over the 90 days up to the drawdown date of the Additional Shareholder Loan, subject to the approval of the Board; "
so..no doubt they will be seeking another one - offset against any assets and the eventual sale of Fastjet Zimbabwe - the value of which is gradually being used up in order to keep the lights on, whilst everything is shut down
That’s I think is very fair comment
We know it will be a shell of the company that it was, and SAHL is asset stripping it of the prime assets for pennies on the £ invested, we know every airline worldwide is screwed, everyone is here for the high volume pump days before disposal when it says liabilities have reduced and its touted as a great move. Its just a trade, long term its a no in its current planned form.
It wouldn't surprise me if they end up disposing of whats left in time, and they become an actual shell listing, at which point it has enough losses to entice someone to buy the listing from SAHL to enable them to exit or they use it to reverse another asset in to and raise capital against.
The industry will have plenty of competition going bust and assets ready to buy from liquidators & administrators before year end, cant see the old "normal" levels returning till 2022.
See sense, fastjet even said these shares are over priced for all the risk.
Have you been sacked from fastjet in the past for taking too long for your tea breaks or lunch?
Man you are one bitter and twisted person... Why do you never change you opinion to strong sell ?
Look. Fastjet really on local passengers and tourists. Local passenger trade is very unreliable as so their destinations. This is why they keep trying new routes. The tourist trade is predominantly American. The American trade is up the creak at least until next year. Fastjet have told you that. People are ignoring that When and ifand if they come back fastjet won’t be there any more. The European market is in a worse situation. Why is anyone going to fund a debt riddled company with bad history to stand still for an unknown period etc etc
Nor is it Flybe!
fairly bad news if you look at it that way , i see flights being posted ,Zimbabwe tourism coming back too life, flights being booked, still has legs for pop after that rns , and really is a punt now for funding but more than positive outlook , too much off a lifeline company in that area , they will pull something out the bag. also this is not easy jet this is fast jet an entirely different company.