Rainbow Rare Earths Phalaborwa project shaping up to be one of the lowest cost producers globally. Watch the video here.
There is currently too much focus on the handful of flights that have been cancelled. The fact that airports are crowded to capacity has to indicate that airline revenue generally is going to be significantly higher. Empty airports are the biggest fear for airlines.
Ssshhhh ! I won’t say a word ! I don’t think anyone noticed !!!
@ TP69 welcome back to another good voice of reason, few and far between on here, a bit like the russian parliament.
Lloyds, I like your posts but sorry think it'll be a red day tomorrow despite what I think will be good results...
because:
1. Full announcement of sanctions yet to be announced
2. Oil still to spike and will rise further as USA will start hoarding in case of armageddon.
3. All markets will fall which will also bring down IAG
4. traders will be very nervous to hold over the week end so greater sell of than usual likely.
5. Stuff I know, stuff I know I dont know and stuff i dont know I dont know....
GLA
My heart with the Ukranian ian people and Russian mums.
Morning CHR155, I would hazard a guess that we will next hear from this board sometime in April with an update on funding as part of a financial year end post close trading statement. It is worth noting that the eight members of this board received a total combined remuneration of £3,207,000 up to 21st March 2021 but not one of them has bought a single share in the company since last April.
161 pence per share in March 19, unanimously rejected by all other shareholders.
We know change starts from within. Our teams across the airline have been through a lot, and I am looking at what we need to do to recognise and reward the people we know make a difference to your journey, and ensure they have everything they need to feel empowered to do the right thing by you every single day.
I know that change won’t happen overnight, but this week I have briefed teams across the airline to do all they need to, to tackle the issues we know you’re facing so we don’t let you down. In the meantime, I want to thank you for staying with us. I know your loyalty has been tested and I want to assure you that we don’t ever take it for granted.
I hope that in the coming months you’ll notice a significant move towards a better BA, driven by our people to deliver a better experience for you, our most loyal customers.
All the best,
To our loyal customers,
I’m writing to you directly today in the spirit of transparency, which is the ethos we’re striving to promote at British Airways in 2022 as we emerge from the worst crisis in our 102-year history.
We know that for many months now we’ve been asking you to be patient with us. Patient while we bring multiple aircraft back from airfields around the world. Patient while we rebuild our network, retrain and recruit people to serve you better, and patient while we deal with the thousands of customers that need our help.
To be frank, we’ve been moving from one set of restrictions to another and the amount of change we’ve been dealing with over the past couple of years from week to week has been relentless. I’m not seeking to make excuses for things that should have gone better. What I am doing is making a personal commitment to you that we will build a better British Airways. An airline you can trust and rely on and that offers great customer service, with someone always available to help. Most importantly, an airline that you are proud to fly with - an airline that you are proud is your British flag-carrier. For me, 2022 is the year we’re finally able to rebuild and re-energise our airline. After the recent news from the UK Government around the removal of restrictions, it’s time to get Britain moving again.
My number one priority is to address the customer call centre issues many of you have experienced and may still be experiencing. In the face of constantly changing and complicated travel restrictions the length of time it’s taking us to take calls has naturally been longer, which has pushed up our waiting times. We are mid-way through replacing our phone systems to create a better customer experience and are also already recruiting more people to ensure your calls are answered, social media messages are responded to and problems are solved in the moment, wherever possible.
We’ve been working hard to create a more premium experience for you, putting you at our heart and doing it in a way that’s sustainable. Every aspect of this strategy is to help make your journey more seamless and enjoyable. For example, our operations teams are working on a new baggage tracing system, allowing you to track your bag via your phone throughout your journey. We know you’ve enjoyed the table ordering service we began to offer in our lounges during the pandemic, and so we’re continuing with this initiative. You’ve also told us you appreciate the complimentary water and snacks we’ve been offering on short-haul flights in our Euro Traveller cabin, so we’ll be continuing with these too. In addition, we’re working hard to improve the quality of the meals and choices we serve across all cabins and rolling out our Club Suite on as many aircraft as we can, as quickly as we can.
Sundezena, you said that in December and Early January. If you were that good at forecasting you would have won the lottery, stopped investing in shares and retired to your own island to sip cool drinks by now.
Hoping so Chr155, but I’m not sure even the most positive trading statement is going to turn this cruise ship of a share price around. Until Frasers issue an RNS confirming their current holding, (which would indicate a closing of a sell order) we will not see the share price move positively. I really hope I am wrong.
Frasers we’re compelled to make an offer for STU in March 2019 when they increased their holding from 29.9 per cent to 37.2 per cent. They made an offer of 161 pence per share which at that time was considered derisory and unanimously rejected by the other 63 per cent of shareholders. I’m hoping 161 pence is as low as it will go now.
Schroders along with Toscafund were the original funds that supported the rights issue back in 2011 so the Schroders average price is much lower. At one point Toscafund owned as much 29.9 per cent of shares before colluding with Schroders to each sell a lump of their respective holdings in 2015 to Sports Direct (now Frasers) as they were known then. I’m sure you know but Studio PLC were called Findel PLC until their name change in August 2019. With Mike Ashley due to step down in May this year and his son in law Michael Murray due to take control, it is difficult to predict how far Frasers will reduce their holding, if indeed this is the reason behind the flagging share price. Apologies for the vague response but with so little information available, we as retail shareholders can only guess as to what is really going on.
To the contrary CHR155, I’m currently holding 22,500 shares at a much higher average than the current price. Totally agree with your point concerning fundamentals but I’ve been invested here since 2012 and have been endlessly frustrated by Frasers efforts to acquire this business at rock bottom prices since their initial purchase in 2015. Our current board appear to be doing little or nothing to promote the company prospects to new investors.
It is also interesting to note that our own chief executive has not purchased a single share in STU since the 22nd April 2021, and even then he only bought 6,546 shares at 304 pence. If the man believes in this business, what better time to buy than now as the price is as low as I can remember it. Unless of course he thinks it is going to fall further. This board need to put their hands in their pockets.
Good luck with your investment CHR155 but with Frasers and Schroders as our two largest shareholders, the value of this share is going nowhere fast. My guess is that Frasers currently have an open sell order which is killing any hope of progression, coupled with a board that are keeping their release of information to the market all too brief resulting in this ridiculous stalemate.