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Fastjet or Slowjet? Kwik Fit or Kwikbuild? Kibu or kibu? Methuselah or Aldgate Meths drinker? kibu rhymes with true. "I'll post again when Lonrho hit 20, if I live that long" wrote Methuselah on 3 November 2012. No probs. Welcome back, mate. Let's talk about Lonrho's financials? Sly or sleigh?
Whether or not it was a buy or sell, it was not a million pounds worth
"What's that smell?" Take a look at ADFVN's FJET BB. OTOH, don't. It's like giving a cow a laxative and looking for dietary clues. The answer is grass but no one will admit it. Whether Lonrho and Fastjet managers are smoking and delivering it khat-style or finding new orifices to shove it, ADFVN's posters have done it. Everything except turning round. Nothing new to add here. After all, the exact same stuff has happened at LGO and SOLO, plus a few David Lenigas companies that no longer trade. kibu
Some of us have been around the block a few times. Today was a little different. Not ONE person eased off the bus at Rissik/Pritchard - a huge investor letdown considering earlier Lonrho RNSs. Half an hour later, we had some "easytime" in Soweto. Not good news. 168 people arrested there in disturbances this weekend. Meanwhile, despite massive pumping from Fastjet stories, our tyres have not been above 9psi for more than a few minutes. We may have a serious puncture. "Fast" is how the new European managers are learning about African aviation. Nairobi don't have no Dunstable Road and ain't like Luton. "Slow" is how it goes. I am a parrot because I've been saying this stuff for five years. I'm pro-Fastjet partly because of their humour - using a parrot logo; having an African airline CEO called Winter; and doing business with Lonrho/Lenigas. Get a bus pass and enjoy the ride. kibu
Wish I could interpret today's reds and blues,as it is I'm just hoping that the £M1+ at 16.33 @ 9p was a buy!
Yes, buying LONR selling FJET yesterday would have been a decent (partially) matched play imo
Ticking upwards nicely. The 3-month price graph has an interesting pattern.
TaTa is Nelson Mandela. Africa is attracting a lot of business visitors and the hotels should start being profitable and the air line fits into this scheme. I trust the agric strike in the western cape does not effect the fruit growing side.
Cannot compete with the poetic imagery of you and Kibu on this luxury coach Just settling down at the back, listening to the reassuring sound of wheels going round and round.... Wake me up at 9.50 pls atb Jolly
The information post by our driver (kibu 23:01) appears to suggest his intent on taking the much longer "scenic route to Profitville".........via Soweto, stopping at......... KwiK FIt for supplies....Gulp!
"more risk on peaches than parrots" - Kibu, where did that phrase come from? Makes little sense, but love it none the less....keep it comin'
Winnie's tyre-kicking At the risk of having a posting removed, it might be time to remind the rose-tinted brigade that Africa is not changing quite as quickly as SW2/9 despite Lonrho's assurances. Back in the eighties SW2/9 was volatile and 'exploded' in '81 and '85. The skips appeared and, remarkably, it "gentrified." Down in SA, in '85, ANC supporters "necklaced" a local politician. (Stick a tyre round a victim, fill it with petrol and set light to it.) Winnie, wife of Willie Mandela, thought this was a great idea although the ANC officially condemned it. Horrendous and outrageous as it was, necklacing returned to South Africa in 2008. On 27 March 2008, David Lenigas wrote,"... crisis, unrest and scandal are always preferred by the headline writers to political progress, economic growth, development and stability ... we are seeing evidence of significant progress and that socio-political stability in Africa continues to improve." [Lonrho Annual Report] "Necklacing" came back to the townships in May 2008. Partly it was a reaction against the mass influx of Zimbabwean 'refugees.' And in Zimbabwe "Uncle Bob" was having a gay old time with his indigenization policies which had expensive consequences for Lonrho - aborting Fly540Zimbabwe, selling out LonZim, struggling with Celsys, land issues in Harare. Lonrho continues to promote the complete funk about Africa having most of the world's fastest-growing economies and, of course Geoffrey and Dave, you are quite right. These economies are on four wheel overdrive. Winnie Mandela, 76, currently a member of the South African Parliament, will check the tyres. kibu
Short-term, Lonrho's got more risk on peaches than parrots. Fastjet is a nice little Lonrho ruse that may help their next (inevitable) cash raising. It's a medium-term punt. There's some fantastic potential in Fastjet. If the masses buy in, the stock will go higher. (And "The Sun" says ... ) Up on 'fever' today. Buying the stock on the way up and selling it when it's euphorically popular seems like a good idea. A few days ago Galvan picked it for their 'Share tip of the year' mailed to dozens and dozens of people in Truro. Watch it rise and be ready to profit on Fastjet. Meanwhile, DYOR on the reference point of risk about Lonrho. Compare early 2008 and early 2009. De risk in early 2013? Kick the tyres hard before you get on this bus. kibu
which is interesting: LONR is increasingly better place for some (relatively) de-risked FJET exposure imo
Lonrho owns 60% of Fast Jet - Fast Jet up 12% today. No movement here.
taking off - all aboard this bus (we may catch 'em)
Welcome on board (again), Eco I think Kibu is the driver but cannot be sure....
Spread has widened since this morning - don't want too many buyers? Live price now 8.79 (i.e. slightly up rather than LSE 2.86% down). It was slightly down live when I bought this morning, though the LSE figures above showed level.
Back in at 8.73. FJET doing well today.
Watched the video. Fantastic. Even Michael O'Leary's Ryanair couldn't top that.
Watch everyone joining the Lonrho bus: http://www.youtube.com/watch?v=S0Kxfgw-2fE This beats Fastjet hands down. Very fast turnaround on boarding times.
doing well ...African agriculture rules OK
Ticket? I have a life membership....
.....Conductor !!......Jollies organising a sing along and i.....i dont think he's holding a ticket. :)
go round and round... All together now