Rainbow Rare Earths Phalaborwa project shaping up to be one of the lowest cost producers globally. Watch the video here.
London South East prides itself on its community spirit, and in order to keep the chat section problem free, we ask all members to follow these simple rules. In these rules, we refer to ourselves as "we", "us", "our". The user of the website is referred to as "you" and "your".
By posting on our share chat boards you are agreeing to the following:
The IP address of all posts is recorded to aid in enforcing these conditions. As a user you agree to any information you have entered being stored in a database. You agree that we have the right to remove, edit, move or close any topic or board at any time should we see fit. You agree that we have the right to remove any post without notice. You agree that we have the right to suspend your account without notice.
Please note some users may not behave properly and may post content that is misleading, untrue or offensive.
It is not possible for us to fully monitor all content all of the time but where we have actually received notice of any content that is potentially misleading, untrue, offensive, unlawful, infringes third party rights or is potentially in breach of these terms and conditions, then we will review such content, decide whether to remove it from this website and act accordingly.
Premium Members are members that have a premium subscription with London South East. You can subscribe here.
London South East does not endorse such members, and posts should not be construed as advice and represent the opinions of the authors, not those of London South East Ltd, or its affiliates.
Dart shares is like a plane.
It takes off and come back down, never stays in the air for long :(
Some good news in that Chinese domestic flights are seeing YoY growth for the first time this month, which suggests that demand might not be suppressed for quite as long as is currently being assumed.
https://discover.cirium.com/discover/ideas/covid19
No posts for a while - sentiment has changes an SP flying again!
Jet 2 now not flying to the Balierics for the rest of this year : (
C'mon boffins - get an inoculation invented FFS
AGM - This Thursday 3rd Sept - see what comes out of it!!!!!
I'm hoping for a trading update containing passenger numbers since restart and current cash position. Will be interesting to see whether they've dipped into the £300m yet as my working assumptions are that they shouldn't need it until December at the earliest.
Interestingly Ryanair have announced August passenger levels were down 50%ish YoY, which is pretty good in my view. Shows demand is there, even with quarantine chaos
Some promising news from today's update. Cash outflows total about £670.50m between end of March to end of August (£1,387.5m on 31/03/20, plus £172m from the equity issue, and £175m from the sale of Fowler Welch, less the £1,064m on 28/08/20). Booking for 2021 are ahead of 2019, with expectation that 2019 numbers will be hit for 2021.
The fact that package holidays have increased in the mix is very interesting, as I've often thought that the nightmare of Covid cancellations - trying to get your money back from multiple airlines/hotels/etc. - would drive more people to book everything in one place.
The negatives are that furlough is ending, numbers for winter 2020 are not great yet and the £300m will likely have to be drawn down to cover liabilities between Jan-Mar. This means we're looking at cash outflows of around £1,600m for 2020-2021 and probably breaking even for 2021-2022 FYs (as the CFF has to be repaid within 12 months). If cash flows recover strongly in 2022-2023 FY, then I'd say the present value of the share is abut £12, so a decent margin of safety at current levels for the patient investor.
Liabilities have been pushed back o recall? with 650 mill in the nnmbank today
And covid on the weakening curv imho less il needing hospital you could see over 10 before year end . Will also take more off tui so if covid allows a full season next your looking at £17 or more imho
Sounds good. We just need UK gov to stop this quarantine fiasco (how do they know how many are actually quarantining anyway? - I suspect many don't really bother, especially if working from home anyway, as long as someone is in) - they will succumb to pressure to replace quarantine lottery with testing sooner or later - hopefully sooner.
Sunday Times: Government still considering airport testing.
https://www.thetimes.co.uk/edition/news/more-coronavirus-tests-considered-to-ease-quarantine-qjl0lxs9x
there is an announcement on international travel @3.30
Let's hope it's good so this and other airline shares get back to where they belong. Higher!
A little disappointing. So, we are more precise than before and allowing islands with direct flights to be considered separately from the mainland but a bit of a double edged sword. So, some places (7 Greek islands?) now added to quarantine list, but I assume some of the Spanish islands may be taken off the quarantine list.
Testing to be introduced in some way with shorter quarantine - but still no decision. I don't buy the 7% accuracy figure gov is quoting for first test. I'm sure PCR tests are far more accurate than that - they just don't have enough or they are too expensive.
The issue is that, as of last week, Jet2 have cancelled all holidays to Spain for this summer, and have presumably started issuing refunds - I doubt many of those customers will be rebooking those holidays if Jet2 does decide to run routes to Spanish islands.
It just seems like the government are making this up as they go along, without any consultation with industry. And now we have to fly out empty planes to get customers back from Greece. The changes might help out with Winter 2020 though.
They cancelled my flights to tfs. If they can't take a stand and give some credence that they'll actually fly, then few are going to trust them with a booking, even less so accept a credit note as opposed to cash. Sold all my holding as I see them being unwilling to fly the slots they got from Thomas Cook. In fact, they're starting to look like a Thomas Cook case