Mysq,
An Rns will be issued confirming they have zero holding.
I would hope, through your investing knowledge you've come across this before, therefore you should know, that an Rns will be revealed declaring this.
Only below 3% is, as I've referred, the blind period.
As a P.I, I could hold less than 3% of the shares in issue, but I'd never have to legally disclose when that is done.
If M&G had less than 3% they would have said.
A written Rns, text, love letter, or Star Sign report in the Sun, can be read a multitude of ways but the fact remains, they have to disclose if they are less than 3%. That is the threshold.
Fear not - it will come, and may be that one will evidence that have zero holdings.
And the moment, we know they are less than 5%. But 5% isn't 3%.
I'm not trying to be pernickety but I'm being factual. It's how it is.
And 'how it is' hasn't concerned me.
I've always believed, and chirped on about it, that M&G will sell the lot, and if it had concerned me that much, I'd have sold a long time ago.
ATB.
M&G still hold some shares as they've only crossed the 5% threshold.
3% is the diclosable amount, and any 1% thereafter so, we know they are below 5, and when they drop below 3% that is the 'blind' period but, I've rattled on about this from the start.
They are selling every single share in this company, and from reading about their own plight, I understand why.
The good news for Fastjet is;
A major holding in this company has sold millions amount of shares, and since they started, from the early 0.14's, the share price has held and, we've slightly moved forward - all this is very promising.
When insti investors sell their entire pot, it normally smells trouble for the company but, an isnti can sell for a multitude of reasons.
I firmly believe theirs is due to strengthening their portfolio for their clients, as they seem to be investing in more solid stocks, and AIM is a murky world where I've always struggled to understand why corporate accounts would dip their desperate toe in this pond.
Anyway - it's done now, and it seems the damage of their selling has been minimal.
The only fly in the ointment is; as no new investor has bought their volume of shares (from what it seems) it means this Sp will continue to be volatile as the free float of shares in issue is mainly at private investor hands.
Generally - having lots of private investor shares to buy means the Sp normally stagnates but this company is a massive risk, and if it survives and lives to fight another pandemic, then the Sp will be at a much higher level than where we sit today - and that is a large fundamental reason why I first to invest here 3 months ago.
ATB folks. And remember - Sun screen....
You see, BigLnt, which I'm sure you're aware of;
Anyone on here can say how the Sp is going to sky rocket or plummet on 'news' that they imply they know - just as you have said "there is some huge News coming".
Neither person who spouts these Nostradamus type predictions can substantiate them, and the old favourite response gets regurgitated where the poster can't "mention anymore than what they have.....".
No matter what. A bullish or bearish poster will crow about how their vision came true and remind us all of that special day when they laid their claim.
Certainly from my perspective; those that provide these hollow opinions are one to watch out for.
I doubt your big news told you of the heavy drop from 0.8 to 0.15 did it.....
Either way; as much as I find many 'derampers' on this board irritating, JT and Miss G alike, those on the opposite end of the very hollow spectrum are the same.
Good luck all.
Let's hope finances remain in our favour and we can remain afloat till the end of July when we will know for sure how our future will be played out.
ATB.
Good morning, Hammy,
I don't see how any insti offloading their shares will be good for this share price.
What it means in the very immediate term is; there will be a lot of free float shares circulating, waiting to be bought.
Regards.
Hmmmm.
As bullish as I am regards Fastjet resuming their flights, I can only base my judgment on the facts I see in front of me, and from what Fastjet are advertising;
https://www.fastjet.com/en/information-central/flight-updates
"Fastjet Zimbabwe advises customers that all flights on the schedule flight network shall be suspended up to and including 31 July 2020."
The above was updated on 15/06/2020.
It Fastjet are selling flights, where is it advertised as their own website contradicts that they are.
Other social platforms have also suggested "sold out" is air carrier speech for; "not available".
I'm confident Fastjet will resume flights from 01/08, and I'd rather wait until they confirm it but I'm certainly not going to try and convince myself they have resumed earlier due to 'sold out' reports.
Enjoy the sun today, and wear sunscreen :)
Vicjain,
Good luck to you, sir.
I also believe Fastjet will survive, which is why I'm not selling my last few shares.
ATB.
Vicjain,
Your 13.43 post pretty much sums it all up.
Hi, Vicjain,
My post toward the end of the day yesterday, commented that we are likely to receive an Rns due to the 1% threshold being crossed.
I'm not a clairvoyant, nor pyshic, nor have insider knowledge or spesk to Mystic Meg...
But it doesn't take a genius to look at M&G personal situation, and if we are presuming most sells of 10m shares and above are M&G related, it really hasn't been difficult for me to work out what percentage they are down to, and if there will be another holdings Rns.
Regards other bug players buying in or increasing their holding. Who are you speaking of?
No, new large insti has bought these huge sale of shares that M&G have offloaded.
If they had, we would have had an Rns. The free float of shares for private investors is getting swamped, and a part of these calculations, and the lack of confidence due to M&G offloading, are contributory factors with why the Sp is falling.
And I'm sorry to say, more sorry as I hold a few shares, that the Sp will continue until M&G stop selling.
I highly doubt they have a minimum Sp to which they want to sell at. Why would you think that, and why would you think that this is current Sp they are happy to hold at?
For goodness sake; I keep banging this drum but M&G are looking only to invest in solid stocks that offer likely returns. Fastjet doesn't fit into their new portfolio.
Good luck all.
And have a fab weekend.
Robinson,
I'm sure you know your type of post also brings a stream of criticism, and it only fuels the fire of those who say they wish to redress any over enthusiastic balance.
I hope there is a "big boom" but you say it as thought it's fact, and you fail to substantiate it.
BigLnt was a guilty party as he spoke of big news that he couldn't share but constantly alluded to something.
Comments such as that should (And would) be removed by the Admin team, as if he does know of forthcoming, transformational news, that isn't in the public domain, then he is unwittingly opening himself up to having insider knowledge and he his foolhardy to even suggest that on here as he would be banned for that (it's in the terms).
Come on folks, this is meant to be an information sharing board, but too many offer their hollow, and unsubstantiated comments, which only antagonize the other.
ATB.
Many of you only have yourself to blame when you keep exchanging dialogue with JT.
Either filter him. Keep chatting and get frustrated by him or don't reply to him.
On a Fastjet related note;
I maintain M&G will sell their entire holding. Their own fund and share accounts are in slight disarray, and they are looking at investing in more suited stocks that offer safer returns for their clients.
That to me, suggests their strategy is likely to change, especially in light of how they are struggling in this economic time.
I wouldn't say or suggest anyone should buy or sell like other 'wise' folk, but think long and hard how you think the share price will continue to react to 10m chunks of shares saturating the market. Especially if no new insti is around to take their place.
It looks like a 1% threshold is about to be crossed so expect another holdings Rns with M&G declaring their holdings.
ATB.
JT16,
"I'm not a deramper"
"but I do hope some people think twice about 'investing' in this dog by reading one of my posts".
"One of my posts?".
You may not call yourself a deramper but you have more than 'one post' that certainly leans away from Fastjet.
ATB.
Vicjain,
"it is logical imo for other big players to increase their holdings and maybe for newer big players to build up a stake".
And time will tell whether big players are buying shares, as once that 3% threshold is passed, they have to declare.
For the record; I hope there is someone buying as I'm invested and I want the share price to go up!
Anyway - I've bored this BB enough with my subjective views.
Over to the regulars now....
Vicjain,
If big players are buying a shed load of shares then they will have to release an Rns disclosing that holding.
Ronwin,
From my limited knowledge, a large investor doesn't have to declare until they reach a minimum amount, and I have always understood (through my experience) that the starting point is 3% and then every 1% increase thereafter.
Im certainly not saying you're wrong, and may be it's a case when I've experienced new large investors buying, that they bought x amount which meant it automatically took them to 3%.
I think until a new investor (if a large insti) is mopping up the new floating shares, then we have to presume they're not.
We can't guess someone is in the background buying, but we can make presumptions if large trades are going through.
It's going to be an interesting 6 weeks until the end of July, when all should be revealed how this company performs.
I'm only basing my lowly opinion that M&G will be looking to offload all of their holding due to the turbulent times they are currently going through with suspension of certain funds due to a cash crisis.
M&G need money, and may be they would rather invest in other companies that (possibly) offer stronger returns for their investors.
Fastjet is undoubtedly a risk, and M&G have gone through new management, and as with any new management, they clear out some dead wood.
I'm not sure what I would do if I was heavily invested here, as I've got my money back and have a free carry, and I would absolutely not encourage anyone to buy or sell in any share.
That said; I have the luxury of letting this company carry on without risking my money, and we all know how hard it is to earn it.
I still hope the Fastjet part sale and new flying routes will offer a bounce at these levels, and I fail to see how those 2 huge factors won't offer a return from this level but, if M&G are offloading all of their shares then the Sp will drop further.
And, to me, that is inevitable.
Good luck folks.
May be this was the big news BigLnt said he knew but couldn't share....
Everyone shouldn't listen to Robin Hood investors spouting their knowledge.
Listen to yourself and decide on what you know, and all the best with any decision.
Myk3,
When you say a "buyer" are you referring to a new insti investor?
If so, when any buyer (whether insti or private investor) crosses a certain threshold of shares bought (I believe the first stage is 3%) then their holdings has to be declared.
And then any further 1% increase has to be declared, which is the same as when any large investor sells.
It looks like M&G are going to sell their entire holding, and sadly with the late reporting of the Rns' all we can do is wait and see if any large trades go through (generally at the end of the day they get reported).
If M&G keep offloading their holding the Sp will fall below that of 0.1p.
It just depends whether the market can soak them up.
ATB.
Oh dear. There has been quite a bit of inaccuracies regards the TR-1.
Not to worry.
The "going concern" now will be if they keep off loading. The murky world of AIM allows for insti investors to get a head start on buying and selling their holdings.
News needs to come fast in order to understand the company longevity, and to hopefully postpone further TR-1's being released with every percentage dropped. Unless they already know there is no news of longevity....
That said; I'm still invested. I've doubled my stake as I bought in early and now I have a free carry, but that doesn't mean I wish to lose it.
However, it would be wise to look at M&G Plc to see what is going on over there, and it seems they have just had a management change, and this has been building up for the last 2 weeks - with an announcement being made today.
And, the trading in the M&G Property Management and Feeder fund has been suspended since December 2018 due to cash restrictions, worsened by the pandemic.
The company is trying to generate liquidity as they, like most, are going through very troubling economic times, and this, may also be the source of their off loading.
There are always 2 sides, and the truth normally lies somewhere inbetween.
ATB folks.
Well, we know Fastjet has enough cash in the piggy bank to meet its operational needs until the end of July, and then something needs to happen, whether it's a sale of Zimbabwe, a placing or flights need to resume fully and generate revenue.
This date is somewhat a milestone for me, but I'm invested and clearly see a future.
ATB.
My intrepid, investigative prowess denotes you're not a fan of Fastjet, Miss G.
"And pigs might fly!"
Marksman,
I'll settle for confirmation of Fastjet flying first.
And Ps. Your decimal point is in the wrong place...
Good luck with next week all.
I may even top up myself.