Research, Charts & Company Announcements
Research Tree provides access to ongoing research coverage, media content and regulatory news on FASTJET PLC. We currently have 22 research reports from 3 professional analysts.
|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|
|16Aug16 07:00||RNS||Director/PDMR Shareholding|
|12Aug16 09:14||RNS||Holding(s) in Company|
|11Aug16 03:53||RNS||Replacement - Holding(s) in Company|
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.
30 Nov 16
Abzena (ABZA): Interim results indicate happy customers (BUY) | Horizonte Minerals* (HZM): Fund raise completed (CORP) | SacOil* (SAC): Half-year trading statement (CORP) | Revolution Bars (RBG): New openings (BUY) | Amino Technologies* (AMO): Multi operator FUSION roll out (CORP)
N+1 Singer - Morning Song 30-11-2016
30 Nov 16
Sanderson has delivered full year results in line with expectations and the 19 October trading update after a strong finish to the year compensated for a slower start. A healthy level of pre-contracted recurring revenue (50%), incremental sales to existing customers and new customer wins at higher average order values helped deliver solid revenue growth in both the Digital Retail (+9%) and Enterprise (+12%) divisions. A decent order book and good sales momentum suggest that the company is on track to deliver on unchanged profit expectations for the current year. We continue to view the valuation (FY17 EV/EBITDA 8.6x) as undemanding given an attractive combination of accelerating growth potential, strong cash generation and growing dividends.
N+1 Singer - Morning Song 29-11-2016
29 Nov 16
Vp has reported another impressive set of interims, confirming strong growth in most markets and a positive outlook. Recent acquisitions are bedding in well and the full year outturn is set to exceed previous expectations (5%/6% EPS upgrades in FY17/FY18). The recent Capital Markets Day provided a reminder of Vp’s qualities (specialist focus, high returns, strong cash generation) and its growth potential, which in our view are not reflected in a modest <11x P/E rating. We firmly believe the shares are due a re-rating and see intrinsic value in excess of 800p.
Joy of Techs
21 Nov 16
ICT evolution is driven by technological development as advances are made which both meet and shape customer requirements. Our 2011 note No such thing as a telco described the modern reality in that former ‘telcos’ now deliver varying elements of a range of managed services. We built on this theme last year, exploring in further detail their evolutionary paths, operating fundamentals, and cashflow yield similarities. In the consumer environment, demand for bundles of technology is complemented by demand for content. Across the pond, the mooted combination of AT&T and Time Warner typifies the bundled need of ‘pipe’ and content, since unbundled alternatives such as FaceTime and WhatsApp can be easier and clearer to chat over, and Amazon and Netflix are easier to watch anywhere. In the UK, BT’s defensive actions cover delivery, content and capabilities, acquiring EE yet also buying football rights. While TV was long ago added to triple play to become quad play, voice is now merely an app, and fixed and mobile seen as just dumb pipes: it's the content that will influence consumer choices. Growth of TV and film as well as music and gaming over IP leads to UK small cap opportunities. In context of the drive to maximise value from pipes and access by offering content and data, we look at some amongst the potential tech small cap beneficiaries: Amino*, Keyword Studios, ZOO Digital*, 7digital*, KCOM* and CityFibre*.