SilverJet (Merged 30/05)
Join Date: Jan 2002
Location: UK
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A question for those that DO know about shares and the stock market etc... and not for those that THINK they do.
What happens to the money invested by individuals if Mr Hunt pulls Silverjet off the market? What penalties are there financially to silver?
What happens to the money invested by individuals if Mr Hunt pulls Silverjet off the market? What penalties are there financially to silver?
Join Date: Aug 2004
Location: uk
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If Mr Hunt pulls the shares from the market then you can no longer trade them on the market but you still own them. To sell them you need to find a buyier, fix a price and transfer the shares. This makes them almost worthless unless you have a lot of them.
When Silverjet needs more cash it can "print" more shares and then offer them to existing shareholders. This process can be biased to make it very hard for small holders to take part. In some cased existing shareholders need not be offered shares to buy. A vast number of new shares can be created so if you owned 1/10,000th of the firm you get diluted to owning 1/1,000,000th.
Mr Hunt seems to blame everyone else for the problems. The airline just started 3 years too late. It could have worked if they started flying in 2004 but there is now to much working against them.
When Silverjet needs more cash it can "print" more shares and then offer them to existing shareholders. This process can be biased to make it very hard for small holders to take part. In some cased existing shareholders need not be offered shares to buy. A vast number of new shares can be created so if you owned 1/10,000th of the firm you get diluted to owning 1/1,000,000th.
Mr Hunt seems to blame everyone else for the problems. The airline just started 3 years too late. It could have worked if they started flying in 2004 but there is now to much working against them.
Join Date: Aug 2006
Location: Crawley
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Shares
I am concerned after reading the last few posts. I bought a lot of Silverjet shares and have seen them have a massive drop. Now there is talk that LH may for want of a better words 'pull the plug'. I did not know that this could be an option.
1 Can he do that?
2 How can he do that?
3 What happens then to the shares?
In the back of my mind I am expecting to read on day that Silverjet is no more but still can not help hoping it will pull through and I will get back at least most of the money I have invested.
1 Can he do that?
2 How can he do that?
3 What happens then to the shares?
In the back of my mind I am expecting to read on day that Silverjet is no more but still can not help hoping it will pull through and I will get back at least most of the money I have invested.
You will still be able to trade your shares, but on a 'matched bargain' basis, i.e. there has to be a buyer and a seller, rather than an intermediary 'market maker'.
The advantage is that SJ will not have the costs of listing and disclosure, which can drain several hundred thousand pounds a year, if not more, from a plc.
There are a number of ways to 'take a company private', not just by de-listing. If an investor can be found, an offer to purchase your shares may be made, but don't expect a generous offer!
Let's hope it doesn't come to that.
The advantage is that SJ will not have the costs of listing and disclosure, which can drain several hundred thousand pounds a year, if not more, from a plc.
There are a number of ways to 'take a company private', not just by de-listing. If an investor can be found, an offer to purchase your shares may be made, but don't expect a generous offer!
Let's hope it doesn't come to that.
Join Date: Aug 2004
Location: uk
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If the share price stayed high it would be very hard to delist them as they would have had lots of value and any new shares created would cost a lot of money to buy. There will also be lots of big investors in the firm who would have needed them to stay listed. What we are seeing now is the big investors changing and large amounts of shares being dumped by big city firms.
If you are concerned about them remaining listed then ask for the current list of shareholders. They should give you the list by law. Most funds will want to hold only listed firms but others may be happy to take it off the market. Small shareholders (i.e. <5%) will in effect have no say.
Mr Hunt does seem to have lost it. Telling any publication that you may delist is like doing a ratner. (en.wikipedia.org/wiki/Doing_a_Ratner
) He must know that people google the name of firms they invest in and would find out. The only other option is that it is a cunning plan to trash the share price so that he can buy them all up!
If you are concerned about them remaining listed then ask for the current list of shareholders. They should give you the list by law. Most funds will want to hold only listed firms but others may be happy to take it off the market. Small shareholders (i.e. <5%) will in effect have no say.
Mr Hunt does seem to have lost it. Telling any publication that you may delist is like doing a ratner. (en.wikipedia.org/wiki/Doing_a_Ratner
) He must know that people google the name of firms they invest in and would find out. The only other option is that it is a cunning plan to trash the share price so that he can buy them all up!
Join Date: Mar 2007
Location: London
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all the passwords
I have got three passwords for the Times/Silverjet offer for their BOGOF offer.
Where can I retrieve this from?
Where can I retrieve this from?
Saturday: New York
Monday: Dubai
Tuesday: private security
Wednesday: Private terminals
Thursday: flat beds
Friday: Le Caprice
Join Date: Aug 2004
Location: uk
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Booking this far ahead carries some risks. Do book with credit card and make sure that you are insured well. This offer will help the cashflow of Silverjet but you are in fact loaning the airline cash for around 5 months. You can see why they want people to book so far ahead but you are likely to get just a good an offer via the trade discount price nearer to the summer.
Join Date: Sep 1999
Location: The Deep South (Sussex)
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Can anyone tell me if the cut-price flights have to be completed (ie outbound and return flight) by the end of August?
I need a couple of tickets from the end of August returning 3-4 weeks later.
I need a couple of tickets from the end of August returning 3-4 weeks later.
Join Date: Jun 2006
Location: London
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Mary Hinge
There are a few rumours around LTN that SJ has some suitors looking at acquiring it with a view to de-listing........it could even be the Reubens! Perhaps, the share price climb today is a reflection of those noises.
Anyone else heard anything?
There are a few rumours around LTN that SJ has some suitors looking at acquiring it with a view to de-listing........it could even be the Reubens! Perhaps, the share price climb today is a reflection of those noises.
Anyone else heard anything?
Join Date: Jun 2002
Location: Midlands
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Positive vibes!
Its amazing how little is written on pprune about Silverjet when the share price is on the up, new (from tommyfly) aircraft are on the way etc.... 
Where have all the doom mongers gone???
Probably slagging off another airline they know nothing about!!!
Ops!
Where have all the doom mongers gone???
Probably slagging off another airline they know nothing about!!!
Ops!
Join Date: Aug 2004
Location: uk
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Mr Hunt is talking up the shareprice by comments he is making in the travel press. What he is not doing is making any trading update to shareholders.
Mr Hunt seem to be reinventing figures to make profit seem more possible. In Mid january the airline is quoted in the press as;-
source
http://www.uk-airport-news.info/luto...ews-160108.htm
now it is saying in the press that it was taking £1200 per seat
source
http://www.ttglive.com/c/portal/layo...ticleId=395738
Now I would not be able to show Mr Hunt is misleading but may think he is quoting the price for the days before Christmas.
As they are flying around 24 less sectors due the "C" check on one aircraft the load factor will be up even if they carry less pax overall.
We will see how much the PAX have risen or dropped in a few days time. It is the total pax and not the load factor that should be studied
Mr Hunt seem to be reinventing figures to make profit seem more possible. In Mid january the airline is quoted in the press as;-
The airline responded by revealling that it has just had a record week of U.S. bookings and is nearing its target of charging £1100 per seat.
http://www.uk-airport-news.info/luto...ews-160108.htm
now it is saying in the press that it was taking £1200 per seat
Rising prices
The airline sold 58% of seats in 2007, with an average ticket price of £1,200 at the end of the year, up from £800 at launch, he said.
The airline sold 58% of seats in 2007, with an average ticket price of £1,200 at the end of the year, up from £800 at launch, he said.
http://www.ttglive.com/c/portal/layo...ticleId=395738
Now I would not be able to show Mr Hunt is misleading but may think he is quoting the price for the days before Christmas.
As they are flying around 24 less sectors due the "C" check on one aircraft the load factor will be up even if they carry less pax overall.
We will see how much the PAX have risen or dropped in a few days time. It is the total pax and not the load factor that should be studied
Join Date: Nov 2005
Location: Luton
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Ok befree then when the pax figures are issued can I assume you can then start telling everyone that they are not paying enough for the seats to meet the costs of flying a 767 over the Atlantic. 
Join Date: Jan 2002
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I've asked you once Befree and you wouldn't answer my question so i'll ask again....
What's your issue with Silverjet?
There are many very interested people who would like to know.
What's your issue with Silverjet?
There are many very interested people who would like to know.
Join Date: Aug 2004
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we have been given a lots of spin from the boss but very few hard facts to allow me to estimate the loss for the month. My guess is income would be around £4M-£4.5m, operating cost £5m-£6m plus overheads £0.5m-£1m.
Seats are changing hands on the cheap, ex jan sale, at tradediscount. on the likes of lastminute and on airfair auction sites. They do not seem full in March with seats availabe every day at the lowest saver price.
Seats are changing hands on the cheap, ex jan sale, at tradediscount. on the likes of lastminute and on airfair auction sites. They do not seem full in March with seats availabe every day at the lowest saver price.
