Research, Charts & Company Announcements
Research Tree provides access to ongoing research coverage, media content and regulatory news on FASTJET PLC. We currently have 23 research reports from 3 professional analysts.
|12Jan17 11:16||RNS||Exercise of warrants|
|05Jan17 11:50||RNS||Result of Placing|
|05Jan17 08:30||RNS||Proposed Placing|
|04Nov16 09:20||RNS||Exercise of warrants|
|27Oct16 04:41||RNS||Exercise of Warrants|
|03Oct16 07:00||RNS||Operational Fleet Update|
|20Sep16 07:00||RNS||Interim Results|
Frequency of research reports
Research reports on
Turning the plane around
21 Sep 16
Often the best laid plans are the most ambitious, especially when executed by proven turn-around experts. Take fastjet, Africa's leading 2016 Low-Cost Airline as voted by World Travel Awards. After a very challenging 12 months, newly appointed (1st August) CEO, Nico Bezuidenhout, has kicked-off a ‘no holds barred’ Stabilisation Plan to dramatically reverse the business’ fortunes.
Headwinds continue for longer than expected
03 Jun 16
Hindsight is a wonderful thing. 12 months ago Fastjet Tanzania was riding a ‘crest of a wave’ having out-grown the capacity of its three A319s jets, raised $75m via a placing at 100p/share and delivered higher ticket prices, load factors and utilisation rates. All told, the company’s low-cost carrier (LCC) model was going down a treat with cashstrapped African travellers, who previously had to endure poorly connected and expensive air travel.
Challenging conditions continue
08 Mar 16
Apologies, we were far too optimistic in December. Back then we felt, after being impacted by October’s Tanzanian presidential elections, that demand for fastjet’s low-cost services would rebound in Q1’16. Unfortunately (in hindsight) it appears our timings were 6-9 months too early, with the Board saying yesterday that the “challenging conditions” had persisted longer than initially thought. As a result 2016 results are now predicted to be both “materially below expectations” and cashflow negative, with the company perhaps having to consider a fresh capital raise later in the year.
Buffeted by transient factors
23 Dec 15
“Dr Livingstone I presume?” Those were the famous words uttered by Sir Henry Stanley, when he eventually tracked down his fellow explorer David Livingstone beside Lake Tanganyika, Tanzania in 1871. Both gentlemen having separately undertaken daring adventures across some of Africa’s most challenging terrain.
The Slide Rule
12 Jan 17
What is The Slide Rule? The Slide Rule has been designed to dramatically simplify the identification of the best companies in the UK small/mid-cap sector by making a quantitative assessment of the relative potential of each company. At its core, The Slide Rule aims to identify those companies that create genuine shareholder value through strong returns on capital and solid growth, but also present a value opportunity with the potential tailwind of earnings momentum. Companies are assessed within a Quality, Value, Growth and Momentum (QVGM) framework.
Retain forecasts for FY17E and FY18E
05 Oct 16
While LFL sales growth of 1.8% for the first 12 weeks of FY17 looked a little light, this was on the back of 2.8% growth in the prior period. H2 comps become easier to lap and Christmas bookings (festive trading comprises 15% of FY sales on average) are up 10% YoY.
The Monthly January 2017
09 Jan 17
Despite all the hullaballoo of the Brexit vote and the subsequent election of Donald Trump as the next US President, the UK stock market prospered last year, especially in the latter few months of 2016. The combination of a depreciating currency – making $ earnings more valuable in relative terms - and the Trump emphasis on infrastructure expenditure drove the stock market higher
A year of expansion
17 Jan 17
Final results are broadly in line with our revised forecasts on most headline levels in what proved to be a difficult year for the Group. That said, it has significantly increased room capacity, which is now +40% ahead at the time of the IPO (+14.5% yoy), which improves its competitive position and offering. We are maintaining our headline forecasts, and with the dividend expected to be held for the foreseeable future producing an 8.7% yield with a NAV in excess of 180p, we continue to believe there is strong long term value offered at present.
Small Cap Breakfast
17 Jan 17
Global Energy Development (GED.L) — To be renamed Nautilus Marine Services. Schedule 1 from developer and seller of hydrocarbons and related products. Reverse takeover. Raising $10.5m via a convertible. Expected 9 Feb. Eco (Atlantic) Oil & Gas—TSX-V listed oil and gas exploration has announced its intention to float on AIM. Assets in Guyana and Namibia. Proposed £2m-£3m fundraise. Diversified Gas & Oil—According to LSE website first day of trading on AIM now expected for 30 January.