|Bid||1.3500 x 0|
|Ask||0.0000 x 0|
|Day's range||1.3485 - 1.3485|
|52-week range||0.9970 - 11.2720|
|Beta (3Y monthly)||1.12|
|PE ratio (TTM)||N/A|
|Earnings date||29 May 2019 - 3 Jun 2019|
|Forward dividend & yield||N/A (N/A)|
|1y target est||0.29|
Fastjet in June had entered agreements with Annunaki Investments and SSCG Africa Holdings, following which the airline lent $5 million from its Zimbabwe unit to Annunaki in return for a $2 million (1.52 million pounds) loan to Fastjet from SSCG. The airline had entered into the loan agreements with Annunaki and SSCG so that Fastjet can access a portion of its restricted cash held in Zimbabwe. Fastjet now expects a repayment from SSCG by June 30, from the earlier agreed date of March 31, the company said on Monday.
Low-cost African airline Fastjet cancelled its remaining flights to and from Zimbabwe on Monday due to political unrest, it said in a statement on Twitter. Protesters barricaded roads and burned tyres ...
(Reuters) - Troubled African carrier Fastjet Plc said on Friday its CFO Michael Muller will leave the company in March next year. The company, which has been struggling to secure cash to continue operations, ...
The company in September announced a fundraising and equity refinancing aimed at increasing its equity base by at least $40 million, which will give the airline enough working capital until the end of 2019. Last week, Fastjet had said it had cash to operate only until Dec. 14 or it may have to go into administration, shut shop or sell itself.
Low-cost African airline Fastjet , which said in September it needed more cash within a month to continue operating, announced a fundraising and equity refinancing aimed at increasing its equity base by ...
Struggling African budget airline Fastjet (LSE: FJET.L - news) said discussions with shareholders and creditors were continuing, describing them as "constructive" in its efforts to raise new funds or ease repayments to continue trading as a going concern. Fastjet warned at the end of October that it needed to boost its finances within days to survive. The airline, which has large operations in Tanzania, said it was able to continue operating during November due to some improvement in trading and internal efficiencies.
Fastjet Plc (LSE: FJET.L - news) 's shares shed more than half of their value on Wednesday after the African budget airline said it needed more cash within a month for it to continue operating. Fastjet, launched in 2012 and modelled on the likes of no-frills airlines easyJet Plc and Ryanair Holdings Plc (Frankfurt: RY4C.F - news) , has been running short of cash for more than two years and it was unclear if investors will continue to back it. "The company is currently in active discussions with its major shareholders regarding a potential equity fundraising, in the absence of which the group is not able to continue trading as a going concern," the airline said in a statement.
A European investor's phone rings in a Harare restaurant and it's good news: an $80 million (61 million pounds) construction deal has been agreed with the Zimbabwean government. All that's needed now is a central bank guarantee letter. President Emmerson Mnangagwa, who took power when Robert Mugabe was removed in a de facto coup last November, has been trying to woo investors ahead of an election on July 30, a contest in which he is the narrow favourite.
Shares in Fastjet – the budget African airline founded by Stelios Haji-Ioannou – soared after the company secured up to $12m (£9.1m) in emergency funding. The company warned earlier this week that it might go bust, but it announced on Friday that it will raise $7m through a share sale, while Solenta Aviation, its biggest shareholder, will provide a further $3m. In addition Fastjet wants to raise up to $1.6m through an open offer.
Shares in budget airline Fastjet plunged by more than 70 per cent in early trading on Wednesday after it revealed it is on the edge of collapse. Fastjet said it is “currently in active discussions with its major shareholders regarding a potential equity fundraising”, but warned that it an agreement cannot be reached “the group is at risk of not being able to continue trading as a going concern”. “Whilst initial discussions with certain shareholders have been positive, discussions are ongoing and there can be no guarantee of a successful outcome,” the airline said in a statement to the London Stock Exchange.
If you are looking to invest in FastJet Plc’s (AIM:FJET), or currently own the stock, then you need to understand its beta in order to understand how it can affectRead More...