The latest Investing Matters Podcast episode featuring financial educator and author Jared Dillian has been released. Listen here.
Thank you, Fjetcrazy.
as I posted, it clicked up to almost 14% up.
Almost the best news I could’ve had – on my birthday!!! Maybe at over 11%, it IS. Since posting earlier, I have spent most of it in Buckingham Palace! Or to be more accurate, The Queen’s Gallery, seeing the extensive Canaletto Exhibition. Excellent. (And to avoid any risk of pathos, I do have close family with whom I’ll be celebrating on Sunday.)
Fjetcrazy: You were right with your forecast and decision to top-up. Well done on your timing. Another healthy rise of 2.5% this morning already. And good to see it rising above 20p at last.
That's what we like to see – at last – expansion!
At last, the “On time performance” Update panel on our FB Home Page has been, erm, updated! A good leap back to the low 90%s of flights departing on time, from the 84-85% of May. The adjacent panel of Cancellations and Delay info is still stuck at 11 April.
That seems a pretty standard response to such enquiries. But I do get the impression that Bulawayo must be on the cards when we begin to expand our fleet and routes. It is commonly a destination requested of us on Facebook.
I feel slightly uplifted by some of the gracious responses from you, shylock, PJMInvest and B787. See? – I didn’t even know to which Act Section 656 referred to! You – shylock – also happen to have made an innocent comment which illustrates well my limited knowledge of business practices, the stock market and the aviation industry in particular! You wrote earlier of knowing “that the magazine is high on your list of concerns”. That is perfectly true, as is my opinion on the livery and logo. All three are areas of particular interest to me and also, after a career in typographic design, somethings I can discuss knowledgeably. Though you may be sure that once the replacement magazine appears, I shall not continue publishing my advertising/editorial ratio analyses!! Although it was only the despicable, now-banned-for-the-4th-time, Beretta who actually took the p*55 out of me for it!
With respect!..... If you guys, who presumably for reasons of work or geography, are unable to attend the AGM yourselves to pop your own heads above the parapet, is it not possible to post your questions to the Secretary to have them asked by proxy? You see, I’m struggling even with that since a bit of Googling suggests that a proxy has to be someone physically present who can act on your behalf. There is a reason that I didn’t announce in advance that I was going to attend the Meeting since the last thing I’d have wanted was to go armed with a sheaf of questions posted by forum folk and being the only one present to behave like an interrogator! I recall something similar was the consequence of so doing back in 2013!
shylock: While I acknowledge I’m not the most suitable candidate to represent the Forum members’ at an AGM, nor am I anywhere near as well-informed or confident as your good self and others to be so bold, none of the others present did so either. And nor did the Chairman, Rashid Wally volunteer to touch on such leading matters. However, I have my own “methods” and can tell you that there was one listed topic after the 10 other resolutions I referred to, namely the “Serious Loss of Capital” which sounded promising as something worthwhile to report on. But as the “final item of business”, “as required by section 656 of the Act to consider whether any, and if so what, steps should be taken to deal with the serious loss of capital of the Company”. But it proved not to be as Mr Wally simply stated that “In the light of the developments announced on the 1 Jan 2017 and the progress made to date, there are no additional resolutions or actions required this time to address this matter.” And on that, with no other questions, the meeting ended.
.....the Share Price has jumped over 16.5% – a level not seen since last mid-November.
When I began the “RNS” thread just after 8am, I’d barely had time to take much of its content in, beyond my observation about now owning the parrot, as I was in haste to leave for the company’s AGM at 10am. Staying on in London for a while before returning, I find the RNS has, unsurprisingly, sparked off a mini-explosion of posts to read. So thank goodness there is absolutely nothing (but see below!) to report back from the AGM, which was held in Liberum’s swish offices in the City. Still only about a dozen attending, plus the Board, so twice as many as last year’s 7! Just the main formalities of receiving the Report and Accounts; re-appointing all the officers etc for another year and approving the directors’ authority to allot shares...[see the AGM Circular .pdf on our site if you must!] But the good consequence was the plenty of time left for the chance to meet and chat over coffee with the new directors – in particular of course, CEO Nico Bezuidenhout himself. But I also enjoyed lengthy chats with Rashid Wally, the new Non-Exec Chairman from 1 Apr; Peter Hyde, our newest Non Exec Director joining a week before; and “old-timer” Bob Burnham, who has been at 4 out of the five AGMs I’ve attended and, inevitably, worked with Ed Winter for much of that period. All very relaxed and the news to pass on to you all is that Nico, not to mention the other three, is a frequent visitor to this Board. They all added to my confidence that the company is now in much safer hands – a view with which I know many of you have still to agree. I had prepared a, typically!, lengthy pair of questions to ask but when I checked in to the Board first thing this morning, I was amazed to see the coincidence that both my queries had been resolved by many of your posts last night! I had planned to comment on the situation concerning the in-flight magazine – now sorted I see; and more importantly, try to resolve a proper channel for any of us to communicate with the BoD when we had a serious issue that was causing concern or serious criticism. I noticed that that too had been raised by PJMInvest last night, posting the stock reply he’d received over Nico’s name. Mr Bezuidenhout confirmed this during my chat with him this morning, together with the standard non-practice of entering into dialogue with individual shareholders. But in telling me of his regular visits to this Board, he added how it does provide a very useful and broad input from a wide range of private investors’ opinions to which he and his colleagues can react to as considered relevant and appropriate. I personally think that’s a most satisfactory compromise and provides some reassurance that our voices are heard and, without being too naive, maybe acted upon. And the unexpected icing on the cake, is to return to see the Share Price has jumped over 16.5% – a level not seen since
The grey parrot is now officially ours!
PJMInvest: If you get a reply from ”Brenda” at Customer Support team, you can expect 3 more, as I did back in March, each given the same Enquiry Case No and a promise that it would be reviewed by their support staff. There was vague evidence of this when copies of reponses from Oli and then Hein and even one Batisai were provided, since when it all disappeared into the ether. I look forward to nearing that you have better luck. Ditto with my responses from just the two pages on what does appear to be the replacement magazine “fastjet Places”. But nothing like L&M’s online version of the complete Travelsmart magazine that one could easily read page by every page and appeared promptly on the 1st of each quarter.
Thanks for tracking that down, Fjetcrazy – a first I think? Memories of seeing the frequent video interviews Ed Winter used to provide. But a pity they didn’t give Nico his own lapel-mike; or take him off to some side-room. I found his replies virtually inaudible throughout, thanks to being drowned out by the Tannoyed music unusually loud at an exhibition.
taskmaster: Nice try! But your haste to take a swipe back at ol’ Marksman sadly misfires. Precision Air can still be regarded as a rival but more specifically, fastjet even gets a name-check in Wolfgang’s article. So clearly complies with LSE’s rules all round! And you even add your own descriptive one-liner relating to the link you post. Ironically, unnecessary in this case as Wolfgang’s links always include that already.
That route has been frequently requested over the months. With such regular pleas, I’ve often wondered if the management have ever given it the consideration it seems to demand? It would be nice to see some route expansion in the current climate.
taskmaster: You can and will post what you like anyway and that’s fine too. Hardly worth falling out over. But it is not MY “idea of what qualifies as relevant on this forum” but the rules of London South East. Rule 5k states “[you will not] post or otherwise publish any content unrelated to the board or the board's topic.” This board’s specific topic is clearly “fastjet”! (Check out the header above). The series of your posted links to which I referred were about a whole bunch of other airlines, many somewhat obscure, which, IMV, were “unrelated” as very few are ever likely to pose as competition in the foreseeable future (to respond again to shylock’s comment on Monday.)
The agency has been relatively quick to produce and display a new panel on our HomePage of Facebook, trumpeting the latest major Award. Its roundel/logo also already inserted above it next to last year’s similar WTA accolade.
A new 30-sec commercial has been produced, part-animated and still using the same old corny jingle! It may be viewed as the latest post on our Facebook page. https://www.facebook.com/fastjet