|Bid||0.1600 x 0|
|Ask||0.1800 x 0|
|Day's range||0.1198 - 0.1940|
|52-week range||0.0400 - 1.8000|
|Beta (5Y monthly)||0.39|
|PE ratio (TTM)||N/A|
|Earnings date||30 Jul 2019|
|Forward dividend & yield||N/A (N/A)|
|1y target est||0.29|
Fastjet said if the restructuring plans do not pan out by the end of February, the Africa-focussed company would not be able to continue trading as a going concern. The proposals come after Fastjet lost its Chief Executive Officer Nico Bezuidenhout - a turnaround specialist - to South Africa's Mango Airlines in July. Bezuidenhout had been instrumental in reviving Fastjet's fortunes and shore up its dwindling cash pile, as it was saved from going under after striking a deal to raise funds late last year.
London's FTSE 100 hit a near four-month high on Wednesday as recent risk-on sentiment was bolstered after U.S. President Donald Trump said Washington and Beijing were close to a "phase one" trade deal, while an impressive forecast lifted BAT shares. The FTSE 250 index of midcap companies also rose 0.4%, closing at its highest since July, 2018, as hopes of an end to the Brexit saga through an election attracted traders to the domestic stocks.
Money-losing African Airline Fastjet is on the hunt for a new CEO after incumbent Nico Bezuidenhout quit to rejoin his old company. The departure comes less than a week after the carrier announced a full-year loss of $65 million, having delayed the publication of its results because of an ongoing “audit process.” Bezuidenhout is going […]The post Fastjet CEO Quits as Problems Mount appeared first on Skift.
South Africa's Mango Airlines has rehired Nico Bezuidenhout as chief executive to speed up its recovery plan, turning to an executive who led the business for nearly a decade and recently steered Africa's Fastjet back from financial crisis. South African Airways (SAA), the parent of low-cost carrier Mango, has not made a profit since 2011 and said last month it needed 4 billion rand ($282 million) from the government to survive the current financial year.