Silverjet cash worries gossip

Link here

Looks like this may be just scaremongering based on other views but is worth broadcasting nonetheless.

[Nottingham Nick]

Not surprisingly, Silverjet have denied the claims, and the shares have recovered a bit today after losing 28% of their value yesterday. [:?]

This is from E-Tid - the travel trade website. Can't post a link as it is a registered members site.

Shares in business-only carrier Silverjet recovered Tuesday after a negative note from a Daniel Stewart analyst warned that the airline was 'likely to fail'.


The shares had closed at 35.5p on Monday Ð losing 28% in one day alone. This morning saw some of the losses recovered, with shares trading at 41p at 1515 GMT, up 5.5p or 15.5% so far today.

Silverjet issued a statement to the market yesterday, claiming that the note 'contains numerous material mistakes and inaccuracies'.

The airline said the note based its projections on an average cost per rotation of £135,000, whereas the actual average was £75,000......

I don't want to see any business fail, and hope they do manage to stay in the air.

Silverjet have yet to put their statement on thier website.

Nick

Yes you'd half suspect he personally shorted the shares beforehand!

Hi,
Here's a link to an article yesterday in the Times about Silverjet and all the rumours. The writer thinks there's nothing to worry about and Silverjet has a rosy future:

http://travel.timesonline.co.uk/tol/lif ... 376027.ece

[buns]

Originally posted by ab2007
Hi,
Here's a link to an article yesterday in the Times about Silverjet and all the rumours. The writer thinks there's nothing to worry about and Silverjet has a rosy future:

http://travel.timesonline.co.uk/tol/lif ... 376027.ece

Not wishing to appear cynical, but Saturday's Times has a tie in with Silverjet offering 2-for-1 flights[:?]

buns

[mcmbenjamin]

(what else is new)

Originally posted by buns4vs
Not wishing to appear cynical, but Saturday's Times has a tie in with Silverjet offering 2-for-1 flights[:?]

And a business only airline flying out of Luton was praised as 'brilliant' by Matthew Parris in a footnote to a recent article in the Times.

Paul

To be honest, as I have said before I believe that Silverjet are fine. They have recieved new investment and are having steady and sensible growth. They haven't made the errors that MAXJet did.

Of course it was not that long ago that an owner of a record label decided to start an airline flying across the pond. Everyone said it would not work. He struggled to get finance for his first a/c when the banks realised he needed to have every seat full every day for 3 years to succeed. And yet today Virgin Atlantic is going from strength to strength.