Member Info for get_rich_quick

I can't even get a dummy sell on Hargreaves Lansdown.

Yuri,

Show me a small AIM company that isn't loss making yet their mcap is half a billion $.

I'm not saying FJET will become the new Easyjet but considering they haven't gone bust, and are looking at restarting their flights and becoming operational then yes, I would say dropping the Sp to 0.10 was well overdone.

I appreciate you don't agree as we all view things differently.

ATB.

Mpd,

The company Sp was hugely, and unfairly, reduced to a level it didn't deserve.

The company has made efforts to reduce costs by selling a plane, and they are still lined up to begin commercial flights and begin new routes.

No one is suggesting the company will be a large budget airline (it may be) but from a traders point of view, this company was always going to bounce back to where it previously was (1-1.5p).

The repatriation flights have been a huge publicity bonus for the company and, Africa have very low COVID numbers by comparison.

Their need to return to internal flights is at demand right now, and I suspect their intention to return to commercial flying by the end of the month will come about.

Yes, it will need to be heavily profit making for it to ever enter the number BigLnt has mentioned, and that can't be foreseen in the current climate.

I suppose we will all just have to wait and see.

My target price was 1p.

I'll definitely sell up if we get to that level.

Nenny,

From what I have briefly read on here, and from what I know of the Sp over the last few years, I gather there may be lots of people heavily underwater and sitting on fractious of pennies to what they first bought into.

And that's precisely why I don't plan to crow about my entry price.

Regardless, I hope all make profit or recoup every cent they invested.

Good luck all. Enjoy the ride.

Nenny,

And that's exactly what we need. Those who have made their £'s worth to sell and a new influx of buyers to underpin a new support

You may have spoken of this amazing news on the 30th April, which I didn't read, but even if I had, I don't allow comments on this board to influence my financial position.

Anyway - long may this rise continue.

BigLnt,

I know you mentioned you knew of something that you weren't able to share but I bought in here about a month ago, and I did so on my own research.

I'm sure you appreciate lots of posters say they know of information, but we never buy on the back of bulletin board posts.

ATB.

Hi, Nenny,

I just saw a reply you sent me over the weekend (I mentioned 0.06 and Royal Dutch Shell).

Anyway - I just wanted to clarify I didn't buy in at 0.06.

I bought in at 0.10, which at that time I felt hard done by but it seems a steal now!

I check in and what a pleasant surprise!

AIM is as crooked as they come, there must be some leaky news or FJET are bouncing back from their unfairly depressed lows.

Nennyb,

I'm 'in' at 0.09, which is, admittedly, 50% higher than 0.06.

I had plan to buy when we dropped that low, which would have been the first time I ever bought in at the exact bottom but ended up buying more Royal Dutch Shell shares.

I don't plan to sell any till around 0.5.

And it seems BigLnt bought in at a low price as he seeking a bigger multi bag prize when, and if, we get to a penny.

Once the flights start taking off, then the Sp will as well.

Regards.

Hopefully, some of the peeps who bought in at an earlier price when we dropped to 0.06 have top sliced or sold, as that's allowed for a new wave of investor at the higher price, underpinning the Sp.

Things are looking good but, as mentioned, I can see this Sp being volatile until we settle.

Have a good weekend all.

Hi, Mug (sorry - but typing out your whole name seems too hard!)

Regards the rise;

There has been support with airlines of late. Dates set to return, confidence with booking holidays.

Certain cruise companies have had revenue increased over the last month due to confidence with booking for next year.

Other holidays companies or flight operators are going through something similar.

The trades that have recently gone through Fastjet don't warrant this rise but part of the rise is also caused by the fact this company Sp was pulled back way too far.

It's $5m market cap is lowly (it was before today's rise).

If Fastjet resume over the coming month then I expect to see further rises.

I've double my money but I'm happy to sit on this until we come out of the pandemic.

Oh - and bear in mind; whether accurately reported or not, the cases in Africa are much lower than most places, and they are ahead of the recovery curve than us.

ATB.

This is going to be a volatile stock until we settle and know where we are, and I did see the repatriation assistance from FJET - all very promising indeed.

I'm bullish about this company, and like to invest in stocks that have potential, and especially when their market cap has been hugely oversold.

Picking those stocks are generally a winner, as they will bounce back but, knowing how to long to hold on for is the big Q.

Good luck all.

I'm certainly here until we reach a penny.

As hopeful and optimistic I am about a multi bag return from these levels (presuming flights return and costs are reduced due to stock piling fuel) I'm somewhat cautious about FJET reaching 7p in 12 months.

I am more than happy to be proven wrong as i'd financially benefit immensely!

"risk v reward on this is 10k risk for med term 120k reward, thats my exposure now".

You're definitely more brave, and well off, than I am.

I've been burned on some high risk stocks so only 'invest' What won't cause me to have another breakdown...

Well, I'm still investing in AIM, so my 'get rich schemes' haven't come about just yet....

Fastjet is a high risk investment but, it's drop in Sp is massively overdone.

I fail to see how the Sp won't recover (even to touching 1penny when they begin flying again and with the talk of additional routes.

Ethiopia airline is a major threat but if we can monopolize short haul internal flights then who knows.

BigLnt;

I triggered over the buy button when TUI were £2.60 but I held off. Look how that turned out....

And, they offer a healthy dividend, which I generally chase now due to the banks offering almost 0% interest.

ATB.

https://www.fastjet.com/en/plan-your-flight/route-overview

Vbeckers,

From their 7th April Rns;

"fastjet Zimbabwe expects that the significantly reduced global oil prices will help to cushion the financial impact of the forecast lower passenger demand when operations restart. The April 2020 fuel price is 35% lower than it was in January 2020, at which point fuel represented 23% of total operating costs."

I can only presume the Bod have the foresight to stock up on fuel, as it's clearly a huge cash burn.

If they do buy fuel and stock up during the low prices, and they resume their flights, for the short term they will be more profitable on costs.

And, I wholly expect flights not to be filled during the initial phase when flights return, which means less revenue on a full plane - but the reduced fuel costs may cushion that initial phased return (especially if the middle aisle seat won't be sold to assist with distancing).

Who knows, but if they can ride this horrendous time out, we won't be at the share price we are now.

All in my humble.....

20/05 is probably ambitious, and I can see it being extended for at least another month.

The COVID cases in Africa are largely lower than ours, which is great on a human level, but on a business level for internal commutes - hopefully Fastjet starts to fly again.

Obviously precaution and hesitance will play it's part with any commuters, but if businesses slowly begin to restart, then so will transport links.

Ryanair have thrown down the gauntlet and said 40% of their flights will be running by the start of July.

ATB.