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Hi. Are you in a position to advice me of the amount of shares currently NOT in public hands. Last time your site was updated it was 79% but I’m aware M&G have sold a high number of shares.
Hi Tony, I have consulted with our Chief Financial Officer, the shareholder content our website shall be updated with the release of the June Share Registry.
Direct from Fastjet to me direct with a Fastjet this afternoon
And someone, some parties were selling hundreds of millions of shares weeks before and upto massive price increase. AIM is a wicked place to trade
Yes, it did happen but the company was not in the same situation as now and also you would need someone to come in and take a big chunk like Solenta did.
As I said earlier currently fjet is priced to fail so if there was an extremely compelling case to pay 6x the current SP and a big investor to stir up PI interest, then maybe.......
.... you have to admit it’s a big maybe :-)
Get the disposal done, raise any additional cash required and set yourself up as the new Cash light business! That’s the plan and that’s what the BoD have to deliver for us, they have a good plan and a good story,
++++++
The restructured Group would become a capital light business operating as a franchise house that would earn revenues through the fastjet brand and providing airline management solutions, whilst also continuing to hold its investment in the FedAir business. The Group's strategy is to focus on franchise and providing airline management solutions to additional airlines in Africa that are independently owned, enhancing its overall revenues from these. Additionally, the Group would aim to only own airlines once they were cash generative and profitable, so avoiding the initial costs and significant cash losses through the airline startup phase and from operating in Africa's sometimes uncertain trading environment.
Interesting...rare to get a placing away at a higher price but it does happen as you say previously. To pay a higher price there must have been a very good reason. If the company can demostrate a viable future then i guess a placing at 1p does not sound out of the question. at the present price FJet is pretty much priced to go bust, however as a viable business it is worth a great deal more imo
Why would anyone have gone for a 8p placing when share price was 3p! But they did.
A 1p placing.... hmm interesting. Why would anyone go for a 1p placing?
Every chance with covid coming in play when they were planning on £8 million sale of Zimbabwe assets/they won’t get £8 million now but we know they need £8 million to keep going. They won’t do a placing with increase of 30% more shares coming to market so placing has to be around 1penny. Sounds mad but they did placing at 8p before when sp was in the 3p range.
Just wondering what are the chances for a placing?.