Member Info for Fossiebeer

In the auction that closed on 26th May 2021, 34,722 shares traded at 0.03 pence per share.

The next auction will close at 4pm on 25th August 2021.

Just had a look at Asset Match which is currently showing:
1 buyer for 15,000,000 @ 0.03p
1 seller for 34,722 @ 0.03p
1 seller for 1,857,737 @ 0.04p
Final date for this quarters auction is 26-May-21, will be interesting to see what buys and sells go ahead and what price will be set post auction.
https://www.assetmatch.com/app/OurCompanies/CompanyProfile?companyId=1527

"In the auction that closed on 24th February 2021, 1,008,000 shares traded at 0.03 pence per share."
I presume this was all sells, mentions nothing about the 15 million buy that was pending so presumably that didn't go ahead. However the next auction will close at 4pm on 26th May 2021 with the price still set at 0.03p.

https://www.assetmatch.com/app/OurCompanies/CompanyProfile?companyId=1527

15mil buy, 1mil+ sell, never know might get a price increase after this auction, here's hoping!!!

With Solenta holding nearly 67% of the shares, it is unlikely they will push to have the shares re-listed on AIMS since it was them that wanted to take it off AIMS in the first place. If you look at the Asset Match page you will seem some fluctuations in company prices but only after an auction date has passed. Trouble with the FJET share price is that until travel restrictions are lifted in Africa, there is no incentive to increase the the share price on Asset Match as the business cannot currently expand. Once Covid is beaten in Africa, then there will be more travel, and more opportunities for business expansion, and only then will the price on Asset Match Increase, someway off yet I'm afraid (all in my honest opinion of course!)

Happy New Year to you and all still invested in this dog. With my 99.56% loss, I'm not giving up on this and can only hope that as things improve with the roll out of the Oxford vaccine, also being affordable and easier to store for African nations, with South Africa most likely to be one of the first, although Zimbabwe I expect will be down the list, then you never know, the price on Assett Match may improve late next year. Keep posting Marksman, Ronwin and all, especially if you hear of any new routes, and with any luck we may recover some of our losses!

I did see that news on the Fastjet twitter feed, good on them but I would still like to know how passenger numbers are holding up, any ideas?

Has anyone got any idea how passenger numbers are holding up now flights have resumed?

I'm still holding out for a price improvement on Asset Match. Price is still 0.03p per share but now until 28/10/20.

Good news! Internal flights to start 21-Sep-20, with possibility of S.Africa flights to follow on 01-Oct-20. Hopefully this will help the bid price on Asset Match.

https://www.fastjet.com/en/information-central/flight-updates

The problem is that the share price is no longer on an open trading platform. The only way to buy or sell shares now is bidding for them on assetmatch.com, therefore there will only be a price fluctuation when the current bid closure date is met which is currently 30-Sep-20. After that they will set a new price for the shares which may go up, but equally may go down, although once flying I hope it will be up of course.
This is my understanding how Asset Match works, its an auction house, but feel free to correct me if I've misinterpreted how it works.

I know not may, if any people are reading this page these days but for those that are still invested in FJET, no matter how small or large, and I am, the below information if it pans out will be extremely welcome.

"Zimbabwe’s Minister of Information, Publicity and Broadcasting Services, Monica Mutsvangwa, announced during a post-cabinet briefing on 01 September 2020 that the Government is finalising on modalities for the gradual reopening of airports to support the resumption of the tourism sector in the country. According to the Minister, Zimbabwe is planing to resume domestic flights first and international flights later. As of 02 September 2020, Zimbabwe has 6 559 confirmed Covid-19 cases with 203 deaths, although recoveries have reached 5 241. We’ll keep you posted!"

https://umhambi.blogspot.com/2020/09/zimbabwe-is-finalising-on-modalities.html

So although not yet trading on Asset Match until 30-Sep-20, the current price on there is 0.15p per share, 3x higher than it is on AIM. I'm not selling, I'm going to hold out and see if the price on Asset Match will ever get better.

https://www.assetmatch.com/app/OurCompanies

I had a similar Corporate Action notification on Halifax Share site which I use. The current value of the shares means its absolutely a waste of time selling them as I would be lucky if I got £20 after broker fees.
My question is am I right in saying that if I just hold onto the shares whilst fairly worthless, in the unlikely event they should ever gain sort of any value, I could still sell them through my broker but they would have to auction them on Asset Match? Also given the proposed new shares of £0.0001 per ordinary share which I guess our shares will be converted to, am I right in saying the new holding will be 1/100th of the current holding?
If anyone could help answer I would be thankful.

And with West Texas oil at US$12.25 and Brent Crude at US$22.35 as I speak, FJET should rake it in once they do start flying.
Also SAA in the news again with the SA Govt no longer going to fund it. Lets just hope flying resumes next month.

Beginning of the end anyway. If the suspension goes past 16-Apr, goodbye I suspect.

Well originally it was end of February, then end of March, now end of June, so FJET are making some money somewhere. In addition as i have recently said, the fall in the price of oil can only help FJET as they don't hedge their fuel prices; fuel is currently US$22.22 a barrel, so the company must be saving a fortune if they haven't reduced their prices. I think so long as they can manage a schedule to meet demand, there is every prospect that the end of June date could be extended further, will have to wait and see.

Oil still falling, $32.33 as I write. Will help FJET no end so long as people don't get scared off by Corona Virus like they have in Europe. Would be interesting to know how passenger numbers are holding up in Africa?

US crude oil has fallen to just $49.88 per barrel, this is a big help for FJET finances as they do not hedge their aviation fuel prices so are getting help by this decrease in fuel costs, hopefully leave some extra coffers in the pot.

From the RNS dated 27-Nov-19
“The Board expects further funding will be required by the end of February 2020 to enable the Group to continue operating in its current form”.

From the RNS dated 27-Jan-20
“The Directors believe, based on current financial projections and funds available and expected to be made available, that the Group will have sufficient resources to meet its operational needs until the end of March subject to forecast revenues not being impacted by any unforeseen circumstances.”

Now given that since this last announcement FJET have instigated x2 new routes and are currently taking bookings on those routes, then this additional revenue should hopefully see them past end of March and well into summer, all in my hopeful opinion of course!