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Not only did Tiny Rowland die in 1998 - he left Lonrho in 1994!
I have been under a fair amount of pressure. My condolences to his immediate family and apologies to Lonrho.
Now if he had answered that would have been something. :)
There's a simple explanation why Tiny Rowlands didn't reply to your e.mail, he died on the 28th July 1998. Try and keep up.
2 months ago, I e-mailed Tiny Rowland to ask whether a Q&A session for retail investors could be arranged at some point. No reply.
Rumours around that Fastjet might be talking to Zimbabwe's Fresh Air. Fresh Air was due to start flying this month but the launch was pulled when joint partner SA's 1time went bust. 1time's licence and defunct operations were earlier mentioned as of interest to Fastjet who hurriedly went to the market for $2.4m cash. Meanwhile 1time's former directors have applied for a new operating licence to launch SkyWise in 2013 with two Boeing 737s. Nice pictures of the Tanzanian landing of the new Fastjet plane (in reality, a repainted ex-Easyjet plane) on the website http://www.facebook.com/fastjet
Local Tanzanian airline Precision Air (12 planes - 737s + ATs) shows an all-inclusive price, broken down at ticketing into ticket, tax and fuel surcharge. Fastjet's headline $20 daily flight to Mwanza is a non-inclusive price to which the customer must add everything else. It's still appears an incredible deal, however. And all seats show available at this price Precision Air charges $252 one-way on their four daily flights.
I'd imagine Ryan Air and Easy Jet do the same but there are very few seats available at that price.
Lots of bullish noise coming from the Fastjet camp. HB Markets, for example, recommending this morning and Lenigas "delighted" (RNS7468R). Maybe it's only a minor technical detail for Lonrho shareholders who own most of Fastjet but they are offering seat prices on their two routes for less than the cost of their fuel. It's a curious business model for Africa.
Is the BOD behind those steering wheels? http://www.youtube.com/watch?v=S0Kxfgw-2fE Jeff Skilling was a great fan of activities like this.
Well sp here is certainly doing what is expected of it - "down, down you come...easy now" o/t LGO is just too good (in at 0.6; free ride since 1.2 & exit at 1.8); congratulations, David; everyone's a winner except perhaps those unfortunate enough to hold the shares at 2p
You should read the FT article – Lenny, who is described as "ebullient" in the piece, left in September to focus on FastJet. According to CEO Geoffery White, Lonrho has now reached a "more grown-up phase". Make of that what you will.
Interesting write up in the FT --basically the share price will take off when Lonrho pays a dividend. http://www.ft.com/cms/s/0/bf9ab6ec-316f-11e2-b68b-00144feabdc0.html?ftcamp=published_links%2Frss%2Fcompanies_uk%2Ffeed%2F%2Fproduct#axzz2CebwnLX3
Lonrho: Panmure Gordon maintains a target price of 11p and downgrades from buy to hold.
A long term hold for you? For me, happy trading Lonr between 7/8p and 9/10p - easier (at the moment) than MWA
Answering my own question sometimes it is better to sell on the promise. The launch might be a good time. An alternative would be to give Lonrho shareholders about 2 Fast Jet shares for every 3 Lonrho shares we own (Fast Jet is worth about 2.4p of each Lonrho share today). This would stop Lonrho having to find more cash or being diluted as Fast Jet expands.
Wouldn't be at home in Africa - it pines for the fiords! Seriously is Easy Jet Africa, sorry, FastJet, going to make money? We own 60% of it after all. Should Lonrho sell out soon and use the cash for something it can control,or hang on?
Hi Walkley, I know just what you mean. I have had a similar experices with Flybe. I bought them thinking that the budget Ailines market could absorb another carrier, shaeres were low enough not to lose a fortune if it went altogheter, I hav now sold all bu £200 worth, just incase they take off
"Lonrho is pleased to announce that fastjet Plc ("fastjet" or the "Company"), the AIM listed African airline in which Lonrho owns 67.4% has today made the following announcement: New branding, which replaces the existing placeholder logo, features the well-known African Grey Parrot which was carefully selected following in-depth market research in Africa and reflects the Company's mission, values and target audience" I suppose could have been worse - if they had chosen the Norwegian Blue.
Lonrho is the only share I have left . I decided I was paying to much attention to this game at the expense of other more important things. I sold up taking some losses and some good gains, I'm a little bit up at the end. I've enjoyed the experience and will be back in at a later date. It's fun as long as it doesn't get a hold on you. I've found out I probably don't have the right psychology at the moment for this business and I certainly don't have the money. On the first point I think I might be schitzo. I think long term and act like a day trader. On the second point, as one person remarked, to make a small fortune on the market, you've got to invest a large one. The amount I 'm into makes the trading costs quite a high percentage. In fact, my broker has made more money out of my trades than I have. Anyway, happy hunting and I'll post again when Lonrho hit 20, if I live that long.
Yeah man I'm with you there! With due respect to kibu's research over what he feels is relevant or perhaps may give indicators of SP movement, I firmly believe nobody can be bothered having his eagerly requested 'debate'. I wouldn't worry about LONR too much - ideally slap a bit of cash in here for the long term with a relatively positive outlook after a few bumps on the way. Surely focus should be on other shares in the portfolio ;)
pls keep going - this is all grist to the proverbial mill
I'd give it a rest if I were you. Don't get so eaten up about Lonrho. Move on.
M, M, M, ... Mama? Malema's not quite gone to ground but this week's events may have doused some of his fire. Crying to his Mama is, however, as unlikely as a useful Lonrho RNS. Amplats agreed to reinstate 12,000 workers and give 'hardship allowances' to offset lost pay if workers returned today. However, a few hours ago, the BBC reported that police were firing rubber bullets and tear gas at a crowd of "about 1,000 striking miners." A few days ago AngloAmerican's FTSE100 CEO "stepped down" (supposedly not directly connected to the strikes). GoldFields' CEO today estimated their last 2 month losses at $150m. GoldFields and AngloGold "may have their debt ratings cut to junk" [The New Age quoting S&P this month] Nonetheless, some striking groups appear conciliatory. Some have indeed already returned to work. Likewise, the companies that threatened to close down their SA operations have still not followed through. Ostensibly, such developments will lower Malema's profile and relevance. The 'All Africa' article, "Zimbabwe: Malema - Rebel Without Cause?" published a few days ago, discusses his Zimbabwe "weekender" with good, incisive comments. SA's President Zuma may well have the upper hand at the moment with the bellicose ex-ANC Youth leader. Recent corruption allegations against Malema are potentially damaging. (Odd parallels with 80s Scargill/Tory media, except that Malema was no miner.) Zimbabwe's ZANU-PF has, however, not officially embraced Malema despite his "advance dowry" and rhetoric. For Lonrho, this does not impact today's results. Yet reading management's reports and those of individual operations such as SA's Kwikbuild who "are moving rapidly into the construction of mining camps for the oil and gas sectors throughout Africa" [homepage 30.10.12] this should be of investor concern. Why has Lonrho not seen fit to issue an RNS about their Southern African operations from whence 68% of their revenue is derived? Investors may wish to contrast the LACK of an RNS about 68% of Lonrho's business with the last 'business' RNS released on 12 September, RNS0456M. Fishy? Transparent business? Lonrho spectacularly mis-managed their Zimbabwean investments returning less than 10p in the pound to investors. They expensively aborted their Zimbabwe airline deal. Are they now misreading South Africa and the implications for Southern Africa? Since 2005, Lonrho's management has frequently mistaken, and underestimated, annoying mosquito bites for crocodile crunches. Every time, Lonrho's management has survived. Since 2005, investors have paid. M-M-M Malema? M-M-M Mug? M-M-M-Money? kibu