Ian Pollard – Fastjet #FJET fights to survive as losses fall

Fastjet FJET expects to become cash flow positive in the second half of 2018 which if it does will give the lie to the rabid and gleefull forecast of a speedy demise announced earlier in the week by one Tom Winnifrith who used to try and earn a living in the Isle of Man.The year […]

fastjet says goodbye to Stelios and easyGroup Holdings

Fastjet FJET says it has made steady progress in implementing stabilisation efforts, including inter alia, a re-fleeting process, relocation of its headquarters from London to Johannesburg and a right-sizing of its operations in Zimbabwe and Tanzania. Accordingly fastjet aims to achieve a cashflow break-even position for the final quarter of 2017. The Company also announces […]

French Connection Strong in UK and Europe

French Connection FCCN Group revenue for the half year to 31st July declined to £69.2m from last years £75.8m as store closures continued but the loss before tax remained steady at £7.9m FCCN does its best in its half year report to point to the better statistics to justify its claim of a strong performance. […]

Redrow Admits To Decades Of Under Supply

Redrow RDW managed to increase its average selling price in 2016 by over 10% which is not bad going in an economy parts of which are struggling with price deflation.  Redrow blames the continuing housing boom on decades of under supply, which raises the question of course as to why Redrow and all the other […]

Fastjet Survived After All

Fastjet FJET Claims 2015 was a year of change and challenge but contrary to the hopes of some pundits who enjoy making a living out of predicting and helping to create, doom and disaster, it survived. Passenger numbers for the year to the end of December rose by 32% but the load factor for Tanzania […]

Fastjet Slows & Warns

Fastjet (FJET) It seems only yesterday that Fastjet  was rapidly extending its network and Sir Stelios had a wide beam on his face. Now, all that can be forgotten and rationalisation of the newly built network has become an urgent necessity. 2016 results will be materially below expectation, the year will not be cash flow […]