Member Info for get_rich_quick

I agree.

The discount incentive may not be attractive but I would imagine your online trading platform will put this trade through at a low charge.

For example; HL charge (typically) £11 a trade, but with these Open Offers, they only charge you £1 for the trade, due to the high volume that they have during these occasions.

That is one benefit and, the main benefit with taking up the offer is to support the business, whilst ensuring they get their money for the acquisition.

I suppose they could just dilute and flood the market, which isn't ideal but the obvious dangling carrot whereby they encourage investors to buy (at a discounted premium) isn't there at the moment.

This SP has hardly rocketed since it's listing but it's in a growth sector and the quarterly dividend is attractive.

Regards.

Good evening, all,

What piqued my interest in this company is its potential and the fact that it has just started paying a dividend, which still boggles my mind.

Whether the Divi continues remain to be seen but, the company potential is worth a punt. Especially with its low mcap and potential of the sector it's in.

Ian,

I've got £8.5k at £2.88 average.

I won't buy anymore now unless we go lower than that price, which I hope we do but you hope we don't!

Billybigwig,

Ah - I'll take a look at the loan facility terms.

Many thanks.

Mshorn,

TUI paid out €0.54 per share in Feb 20.

Are you expecting it to be dropped or removed?

As mentioned, I haven't read any update on this.

Regards.

Good morning, Soulsister,

I see we've opened up this morning on a slight drop.

My usual top up price is below £3.00 so I am eagerly watching.

I missed the opportunity when we pulled back to around £2.45 2-3 months back.

I imagine many eager folk are looking for that level again but I can't see it happening as it was an unfair response to lockdown.

And - when holidays were reportedly to be resumed, TUI jumped up to just over £5 as a result.

I'm a little perplexed by the dividend that TUI offer. It's yearly, and it appears to went ex 6 months ago.

And I can't seem to find when the next one is being paid and by what likely percentage.

Good morning all.

Soulsister,

Cragcol was replying to Bsinkers post from Saturday at 16.04.

Regards.

Soulsister,

I'm sure you've heard / read of Motley Fool. And form your own opinion of that type of journalism.

I see you've got almost 1500 posts to your name, and it looks like you post on a wide spectrum of boards.

If you're invested in all those boards you post on, I imagine you've very wisely spread your financial income to prevent any TUI collapse damaging you so.

Have a pleasant weekend.

Good morning, Soulsister,

I feel your pain regards buying any share and then the subsequent day the Sp drops - then knowing you could have bought in a snippet cheaper.

Anything below £3.50 Is a good price and there is profit to be made. Obviously my opinion of that doesn't help you and your current plight.

I've been buying TUI shares for the last few months but I've only been doing so when they hit my buy price.

I admire your post, for a 64 yr young lady, you certainly write your posts with a modern tongue.

Hugh,

The German government has bailed TUI out to the time of €1.2bn. The bailout is stop the collapse for the TUI brand and the inordinate amount of money it turns over within Germany.

The bailout is to protect tourism, which isn't related to shareholders but is related to the happy commuter.

This company is Government backed, and they've bailed out TUI before.

In my lowly opinion, this is a fairly 'solid' stock to buy and hold.

It's just timing those buys.

Good luck all.

https://www.thearmchairtrader.com/signature-aviation-amigo-holdings-and-fastjet/

"Fastjet

Going back to Friday, there was an interesting announcement from Fastjet [LON:FJET], the African low cost airline. They are petitioning investors to support a delisting from AIM and cancellation of shares. The reasons being given here are the cost of maintaining a full market listing and the reluctance of many institutional investors to continue supporting the business as it battles with lockdown restrictions across its network. The plan would be to move the listing to Asset Match, a London trading facility with operates periodic auctions on a matched bargain basis. The note however carries a stark warning, that the directors believe on current projections that the company will only have sufficient resources to meet its operations needs until the end of next month".

d200,

"got a funny feeling we'll see something tomorrow - whether good or bad that's the question????"

How's that funny feeling of yours?

Lordsutch,

M&G sold due to their own Fund and Portfolio accounts changing their strategy as they weren't performing on a whole.

Some of their accounts had performed very poorly, and they had a hierarchy change, which inevitably meant a change in direction to where they bought holdings in.

They are turning to more solid investments, which arguably shows they don't wish to invest in the lowly AIM market.

It was never anything personal or specific to Fastjet.

They're looking for more substantive investments that can 'guarantee' a better investments for their fund managers. Some of their funds were removed due to how poorly they had made returns.

I suppose you could say it does have a direct link to Fastjet, but it's more regard to thier investment choice regards investing in up and (hopefully) coming fledgling companies.

Their sell off didn't concern me one iota.

ATB.

"Pensana receives investment to expand Angolan mine

Following its initial investment in March, the Angolan Sovereign Wealth Fund (FSDEA), has invested a further A$7.25-million in rare earths miner Pensana Rare Earths’ Longonjo project in the province of Huambo, Angola.

The funds will advance Pansana’s flagship Longonjo mine, enabling it to complete the engineering design and test work to reach bankable feasibility status later this year, list on the LSE in July, commence exploration on the recently awarded Coola project, also in Angola, and to provide general working capital.

ADVERTISEMENT

The Longonjo mine has an inferred mineral resource estimate of 240-million tonnes at 1.6% rare-earth elements. The mine is being developed to become a significant upstream supplier of the magnet metals critical to the world's energy transition.

With billions of dollars in post-Covid-19 stimulus going into electric vehicles and offshore wind power generation, there is a looming shortfall in the supply of these magnet metals, says Pensana. 

Pensana and the FSDEA are also in discussions regarding the provision of a further $10-million, with the terms to be agreed.

Pensana chairperson Paul Atherley says the ongoing financial support from the FSDEA follows the recent presidential approval for the mining licence and the fiscal terms for the Longonjo project.

Subject to regulatory approvals, the planned listing on the LSE will give Pensana access to the burgeoning environment, social and corporate governance and generalist funds looking to gain exposure to the metals critical to energy transition at a time when billions of dollars are being invested in electric vehicles and offshore wind."

https://m.miningweekly.com/article/pensana-receives-investment-to-expand-angolan-mine-2020-06-12

Aklee,

Very good indeed.

"Connect Zimbabwe | people and places" initiative. That sounds like a good Government backing, especially in light of the African tourism was expected to be the second largest (global) tourism revenue stream for 2020, until you know what happened.....

https://www.fastjet.com/en/fastjet-blog/feature-articles/connect-zimbabwe-people-places

Nenny,

"Biglnt was saying it was going up to 1.4p".

BigLnt kept alluding to knowing (on the quiet) lots of forthcoming news, which he supposedly couldn't share.

That type of comment is just as unconstructive as derampers jabbering on about the Sp plummeting.

Anyway - regards your comment, I believe the markets factored in Fjet being permanently grounded (due to their going concern Rns reports and M&G selling) but I would like to see a new base level now - especially in light of yesterday's dangling carrot Rns.

I must admit; I'm still reading it. Over and over, trying to put it in its 'past' order. There is a lot to extract and then to look at separately.

I can't predict today's outcome. Only Mystic Meg and Russell Grant can do that......but I hope for a slight push forward to bolster yesterday's rise.

Hopefully the next big news will be the finances, it's just whether that big news folds or flies us!

Have a good weekend all.

Well, the Rns was packed full of information not currently aware of - ah, the murky world of any stock market - more so in AIM.

Money is being passed back and forth between SAHL and Fjet, and various other subsidiaries that are heavily invested in Fjet.

I'm sure a cynical view could be inferred that it's just paper money moving between themselves, which I suggest it is.

FRR did something very similar. Sadly in that circumstance, the Bod of FRR just liked their own greasy pockets in Georgia / Ukraine.

Anyway - Fjet.

It does appear, on the face of it, that Fjet is going to survive this almighty peculiar time of life.

It seems there is an abundance of lease and service agreements that have been made, some before SAHL becoming a major holder, and all parties seem to have a substantial interest unless, of course, the 'FRR' wool will be pulled over our eyes but we will have to wait and see.

I'm still holding, and I will add if it drops to a figure that I have in my mind. I don't need to disclose that as I'm certainly not talking this or any share down.

Today's Rns on a very rainy day is a welcome rainbow.

All the best folks.

Methuselah,

Spot on. Tongue was very much, firmly in my cheek.

I'm embarrassed to say; I chose the Moniker due to one young sprite on a particular board a long time ago.

His over zealous comments about piling money into one stock was somewhat comparable to the Pied Piper leading the rats to drown. And, I knew their comments was utter tosh, as I had a tenuous connection to that particular share, but I obviously couldn't discuss my strong knowledge of the forthcoming business transformation that it was going through.

Don't get me wrong; a lot of people have made a lot of money on AIM - I have, but hand on heart, I've also lost a lot too.

Get rich quick? If it sounds too good to be true, the chances are it most likely is....

Right - I've contributed far too much to this board of late but I'll occasionally take a peek in on here, as I still have Fjet shares in my bottom drawer.

Play nice people. And be nice.

Good morning.

GRQ.

I quite agree.

I could, but won't, reel off a plethora of AIM stocks that, and their NOMADS, promised endless hidden treasures.

Hard core posters of those companies also suggested the same.

As I've said; I'm not a fan of either the bull or bear.

I see the pitfalls in this stock - the most obvious one is the bank balance. We all know this.

I am terribly sorry when this share price was at the dizzy heights of £1. I can't comment on why it was so high, but as I'm sure you know, many AIM stocks (pre the 2008 crash) were unfairly valued on what the company said they were doing or going to do, rather than what they already had.

Many oilers had billions of barrels of oil within their acreage but, all they had was a bucket and a spade to dig it out. They had zero revenue but this crazy market valued some of those companies at $150m. Ludicrous.

Many folk were caught out when the recession / market crashed in 2008. I don't know whether Fjet was one of those, and if it was, I'm sorry, but all I can say from today's view point Is; this share is a punt, and if it comes about, the share price will be multiples from where it sits now.

And it won't be 'multiple' due to revenue stream or new flying routes or even the Zimbabwe sale, it will be multiple because the company will have longevity (live to fight another day) and the market will correct the over caution it has applied to Fjet.

IF that happens, I'll sell up, as I don't plan to be here for any longer.

I haven't got visions of Fjet becoming Easy-Fjet. It may or may not happen.

I'm solely here as I invest in companies that I believe (due to understanding the market and economy and business need) that are on their backside due to economical climate, and I believe they will last of they see it through.

Those companies that do come through those turbulent times, make a princely return on their oversold share price.

Good evening.

"would think they were the communications between inmates residing in different lunatic asylums around the country"

Methuselah (I'm quite sure you know the origin of your name).

Isn't it more insane to recognise the collective insanity, yet you still wish to contribute to the socialness of it?

You are, as one could describe, the flint to the flame.

ATB.

"look you can go at us as much as you want and as much as it makes you feel better."

I'm certainly not "go at us" (whatever that means in English) but I'm only stressing; through all of your perennial posts that are of a certain slant, and please read my past posts, as I've been very balanced, you have still bought shares in Fjet, - declaring this company is worth a punt.

And that is what most folk on here have done yet, - taken a punt.

And those same folk; haven't berated the company when they have done so. Sure, they are entitled to, but purchasing something you have zero faith in, is somewhat self destructive.

Even Narcissus wasn't that vain.

In a past life, I was a Psychologist and (specialised) Lawyer in marital / domestic cases, and you, my young friend, are a text book case - not domestic matters, but in distorted perceptions of psychology.

The majority of my posts on this board have been in an attempt, albeit in vain, to speak of this company, but your revelling to debate benign comments, but offering a 'shield' by saying "happy clappers" are projecting themselves on you, is a terrible attempt to hurdle around the actual object, which is Fjet itself.

Good luck young man. I wish you and everyone well, regardless of their intentions.

Let's just wait and see what the company brings, as opposed to consuming themselves with the futures past.

ATB.