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.
|26Jan17 18:04||RNS||Holding(s) in Company|
|24Jan17 12:21||RNS||Holding(s) in Company|
|24Jan17 12:17||RNS||Holding(s) in Company|
|24Jan17 11:08||RNS||Director/PDMR shareholding notification|
|23Jan17 10:49||RNS||Result of Meeting|
|12Jan17 11:16||RNS||Exercise of warrants|
|05Jan17 11:50||RNS||Result of Placing|
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.
20 Feb 17
Hayward Tyler Group* (HAYT): Trading update and financial position (CORP) | Petra Diamonds (PDL): Interim results (BUY) | Gemfields* (GEM): Interim results (CORP) | Premaitha Health* (NIPT): Middle East momentum (CORP) | Sound Energy (SOU): Acquisition update and TE-8 well spud (HOLD) | Proactis* (PHD): Interim trading on track (CORP) | 7digital* (7DIG): Automotive contract win (CORP)
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.
N+1 Singer - Morning Song 22-02-2017
22 Feb 17
CORETX (COR LN) Contract wins and new Lifestyle facility | Gooch & Housego (GHH LN) Solid Q1 trading plus earnings enhancing acquisition of StingRay Optics | NCC Group (NCC LN) Further issues in Assurance | PCI-PAL (PCIP LN) Strong H1 underpins positive outlook | UBM (UBM LN) Results | Verona Pharma (VRP LN) Phase IIa RPL554 add-on trial to tiotropium commenced
Panmure Morning Note 19-01-2017
19 Jan 17
Pets at Home have released a Q3 trading update this morning that will disappoint the market. Group like-for-like revenue growth was just +0.1% through 3Q16 as subdued trading across the Merchandise business weighed on continued strong growth in Veterinary Services. Profit outlook for FY17 remains in line with expectations. Suspect the shares will come under pressure.
Panmure Morning Note 24-02-2017
24 Feb 17
Upgrades and increased shareholder returns were needed to justify the recent share price rally: they have been duly delivered and we expect a positive response today. FY16 was largely ‘in-line’ and initial FY17 comments, for operating profit growth YOY, are encouraging. Our initial estimate is for consensus upgrades of 5-10%. IAG has confirmed a €500m share buy-back programme, which was well flagged and we think in line with market expectations. Overall a welcome, slightly more positive read for the sector, particularly those with self-help levers. Presentation 9am GMT.
Acceptance of all-cash offer by Kindred Group
23 Feb 17
32Red has agreed an all cash takeover by Kindred, at 196p per share. Together with an approved 4p dividend, this represents a 32.4% premium to last month’s average. This equates to 10.6x EV/EBITDA and 14.3x P/E for 2017, a small premium to the larger peer group. Given 32Red’s brand strength, regulated bias and growth momentum, this appears justified.