Member Info for Goss21aert

Well! a huge welcome to you, ripley94. I really had come to the conclusion that this thread just had tumbleweed blowing along it! But, no – there’s at least one other life form! Just for your, and any others lurking around, info, I’m not certain now how my username got changed to Goss21aert (which is much used elsewhere) when you may just remember me under my original name of Marksman, which was much more relevant, but I shan’t boast about that here! Suffice to say that you don’t have to scroll down far to find several posts from me under that name. 2674 at the latest count under that name. I’ll try and use that next time I post.

You are obviously – well, presumably – a very active investor, judging by your posts, which I’ve quickly calculated as not far off twice mine! Along with half-a-dozen others. fastjet’s price only has to move upwards a penny or so and maybe one or two of them will feel motivated to post here again. I’m certainly encouraged to pop in much more regularly just to see if that has proved to be the case.

ATB

The usual disappointment, if no surprise, is to see no sign of fastjet amongst the World Travel Awards 2025, seemingly overtaken by Jambojet, which dominates the event again this year, winning the Africa Leading Low-cost Airline Award for the fourth consecutive year, as well as bing nominated for the Worlds Leading Low-Cost Airline every year since 2018.

Strangely enough, the airline was formed in the very same year that fastjet was; 2013. I know that as that is the first year that I ‘jumped’ at the opportunity to invest in my first tranche of fastjet’s shares. It was formed by the founder of easyJet so it held great promise to emulate his success on the African continent.

Beginning on 27 February 2013, I bought my first smallish investment when they were valued at 2.86p but by the end of that year they had been consolidated to one share for every ten held. However they still dropped in value since the price dropped to just above 0.4p.

Towards the end of April 2014, shareholders were given two shares for every five as an Open Offer Placing @ 1.6p each.

I bought a few thousand every year thereafter, watching them drop to 1.114p at the beginning of April 2015, a fortnight before a Second Consolidation of one for every hundred held was offered on 20 April. The price was also expressed in pounds at that time! But by December 2015, the share value crashed to 38p after the latest results were declared.

Seven months later saw the appointment of the new CEO, Nico Bezuidenhout and, hopefully, a clean sweep. But his tenure lasted for just three years in the role.

Jumping to my last notes on the topic, they show that in October 2022, the shares were once more consolidated to – wait for it! – 1 for every 10,000 held! Virtually a complete wipe-out.

My ailing memory tells me that what was left of the company was taken over by a, holding company (?) but checking out fastjet’s own website for the first time for ages, shows the old parrot presiding over a series of news updates which really do look very positive, with the latest confirming return flights from Bulawayo to Victoria Falls scheduled to begin on this Friday, 8 August, four days a week.

The page includes a massive single paragraph headed “ABOUT FASTJET” plus links to its website and News Centre. So after my modest efforts above, if you wish to know more, there’s two links to visit.

As usual my very best regards to any remaining “stalwarts” still visiting this site.

The latest free magazine for passengers, “Places”, was published with the issue for “December/January/February 2025”, shining the editorial spotlight on Zimbabwe. Advertising is slightly above average with 12 full pages taken (excluding the company’s own couple of publicity pages).

Best wishes from me to any remaining “stalwarts” (original investors from way back in 2013!)