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Share Name | Share Symbol | Market | Type | Share ISIN | Share Description |
---|---|---|---|---|---|
Advent Air | LSE:AAIR | London | Ordinary Share | SG9999002018 | ORD SGD0.20 |
Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
---|---|---|---|---|---|---|---|---|---|---|
0.00 | 0.00% | 16.50 | - | 0.00 | 01:00:00 |
Industry Sector | Turnover | Profit | EPS - Basic | PE Ratio | Market Cap |
---|---|---|---|---|---|
0 | 0 | N/A | 0 |
Date | Subject | Author | Discuss |
---|---|---|---|
17/8/2006 14:21 | It often has blue, so far rarely holds it... | bigdunc | |
17/8/2006 14:08 | is this blue i see b4 me? | risktaker35 | |
15/8/2006 09:40 | Skywest Offer Update RNS Number:6663H Advent Air Limited 15 August 2006 For immediate release via RNS 15 August 2006 Advent Air Limited ("Advent Air" or the "Company") Offer successful for Skywest Ltd The directors of Advent Air Ltd ("Advent") are pleased to announce that on 15 August 2006 the Offer made by CaptiveVision Capital Limited ("CVC"), a wholly owned subsidiary of Advent, has been successful. Advent Air (through CVC) has now achieved ownership and/or acceptances in respect of over 90% of the issued shares in Skywest Ltd. Advent Air intends to exercise its rights to compulsorily acquire any remaining balance of shares to increase its interest in Skywest to 100% following the procedures available to it under the Corporations Act 2001 (Commonwealth of Australia). The required notices will be dispatched to the remaining Skywest shareholders promptly following the close of the offer at 5pm on the 22nd of August. At the conclusion of the compulsory acquisition process Skywest Ltd will be a wholly owned subsidiary of Advent Air Ltd. Jeff Chatfield, Chairman of Advent Air said: "We are pleased that the minority shareholders of Skywest have accepted the Offer. Owing 100% of Skywest Ltd will increase group net profits, simplify group financial reporting and lower the governance costs, while providing greater flexibility for the Company to continue to grow its business. The only listing for the group will be in London on the AIM market." About Skywest Airlines Skywest is an award winning airline that has been meeting the needs of Australian domestic and international tourist and business travellers for more than 42 years. Skywest has flown millions of passengers throughout Western Australia, to the Northern Territory of Australia, and to Indonesia. Skywest has enjoyed high growth rates in revenue, profits and passenger numbers from 2004 when the Company became its dominant shareholder with a controlling interest. Enquires: Jeff Chatfield, Chairman, Advent Air Ltd +65 97354151 Roland Cornish, Beaumont Cornish Limited 0207 628 3396 Philip Haydn-Slater, W H Ireland Limited 0207 220 1690 Leesa Peters / Abigail Singleton , Conduit PR 0207 429 6666 +44 (0) 7812159 885 This information is provided by RNS The company news service from the London Stock Exchange | knowing | |
28/7/2006 15:18 | Oh Frank Frank, explain why. I know why its a buy/hold... -Exclusive deals -Profit making -Cash Rich no debt -Low P/E -Good management My good it looks a better prospect than BA, though with your logic i bet you thought BA looked poor value at 80p back in 2003!!! | bigdunc | |
28/7/2006 14:28 | Frank Spencer - 28 Jul'06 - 10:12 - 255 of 256 (premium) Good selling opp into this dcb imo. LOL | knowing | |
28/7/2006 10:13 | Yes fully agree with you Master trader | knowing | |
28/7/2006 10:12 | Good selling opp into this dcb imo. | frank spencer | |
28/7/2006 10:11 | Corporate Update RNS Number:8843G Advent Air Limited 28 July 2006 For immediate release 28 July 2006 Advent Air Limited ("Advent Air" or the "Company") Offer Terms Recommended, Deemed Fair and Reasonable Corporate update Takeover Offer for Skywest Ltd- Offer Terms Recommended, Deemed and Fair and Reasonable On 14 July 2006, Advent Air completed sending its Bidder's Statement regarding its offer to acquire all of Skywest Ltd's ordinary shares not already held to the shareholders of Skywest Ltd ("Skywest") (the "Offer"). The Board of Advent Air is pleased to announce that today the independent directors of Skywest Ltd have unanimously recommended that Skywest shareholders accept the Offer. The closing date of the Offer, unless it should be extended by Advent Air, is 14 August 2006. Under Australian takeover law an independent expert was appointed by the independent directors of Skywest. The Board of the Company are today delighted to announce that this expert has advised that the consideration proposed by Advent Air in the offer is both fair and reasonable. Advent Air's offer comprised consideration of AUD$0.227 in cash and 0.4171 of an Advent Air ordinary share for each Skywest ordinary share. Advent Air, through a wholly owned subsidiary, prior to the Offer owned a total of 63,530,325 fully paid ordinary shares in Skywest representing 60.8% of Skywest's issued share capital. Pursuant to the Offer the Company has announced acceptances in respect of 73.8 per cent. of Skywest's issued share capital. There are no options in issue in Skywest Ltd. Skywest is listed on the Australian Stock Exchange (the "ASX") and Advent Air is quoted on AIM. The disadvantages of maintaining Skywest's listing on the Australian Stock Exchange ("ASX") include the additional regulatory and ASX listing compliance costs, more complex financial reporting with multiple sets of results and the existence of a minority interest which has limited the Company's ability to fully consolidate Skywest's operations. Accordingly, once the takeover Offer is completed, Advent Air intends to de-list Skywest from the ASX. Summary Information on Skywest Skywest has also made a number of recent operating announcements including: * Record passenger numbers with year on year passenger numbers increasing 10.55% to 355,285 passengers in the year ended 30 June 2006. * Record operating cash flows with receipts of cash from customers for the year ended 30 June 2006 at AUD$97,563,000 an increase of 27.2% from AUD$76,664,000 for the previous year ended 30 June 2005. Skywest has previously announced to the ASX growing revenues of AUD$73.0m and AUD$50.7m for the 12 month periods to 30 June 2005 and 30 June 2004 respectively. It also announced revenues of AUD$36.7m for the six month period to 31 December 2005. * Increases in its fuel levy on each ticket sold so as to offset any increases in fuel costs. * Skywest's 5 year exclusive license on certain air routes in Western Australia commenced 1 January 2006. The exclusive license prevents competitors flying to the relevant destinations. Advent Air does not expect there will be any material changes to the operational management of Skywest as a direct or indirect consequence of the Offer. The terms and conditions of pilots, employees and managers are not anticipated to be changed in any material way. Distribution in kind of Avation PLC Ordinary Shares In anticipation of the completion of the Skywest takeover, Advent Air has distributed the shares it owns in Avation PLC ("Avation"), a media services company, by way of interim dividend to Advent Air shareholders. It is expected that Avation will be admitted to trading in due course on the PLUS market (formerly called OFEX). Avation is a broadcasting services company with clients throughout the world, with particular experience in deploying digital broadcasting systems for TV broadcasters and Radio broadcasters. The Directors of the Company believe that a media orientated company, such as Avation, was better spun off as a separate entity rather than be combined with the Company's core business. Avation is a growing business but is of modest size when contrasted to substantial airline business owned by the Company. Cash Interim Dividend Update The Company recently announced its intention to pay an interim cash dividend with a record date anticipated to coincide with the completion of its Skywest Offer. A further announcement on the record date and payment dates will be made in due course. The audited results of Advent Air for the year ended 30 June 2006 are anticipated to be released by the second week of October 2006, with an AGM to be held later in November 2006. Any final dividend for the year, should it be proposed by directors, will be announced and put to shareholders in the notice of meeting for the AGM. Enquires: Jeff Chatfield, Chairman, Advent Air Ltd 07783 942 553 Roland Cornish, Beaumont Cornish Limited 0207 628 3396 Philip Haydn-Slater, W H Ireland 0207 220 1690 Leesa Peters / Abigail Singleton , Conduit PR 0207 429 6666 +44 (0) 7812159 885 | knowing | |
25/7/2006 13:41 | The tone of the RNSs suggests the directors are trying, unsuccessfully, to ramp this as much as owing is. | frank spencer | |
25/7/2006 13:39 | Passenger Tally RNS Number:6948G Advent Air Limited 25 July 2006 For immediate release 25 July 2006 Advent Air Limited ("Advent Air" or the "Company") Record Number of Passengers on Skywest for year ended June 2006 The following is the total numbers carried by Skywest Airlines Pty Ltd for the period 1 July 2005-30 June 2006. Regular Scheduled Charter Total Number Transport Passengers Passengers of Passengers 315,982 39,303 355,285 The passenger tally of 355,285 includes all regular scheduled and charter passengers carried by the airline for the period; the tally excludes any non-revenue passengers. The total number of passengers carried has increased by 10.55% from the prior year and represents the highest ever number of passengers. ENDS | knowing | |
21/7/2006 10:57 | Skywest Offer Update RNS Number:5515G Advent Air Limited 21 July 2006 For immediate release 21 July 2006 Advent Air Limited ("Advent Air" or the "Company") Advent Air Ltd at 73.8% of Skywest Advent Air announces receipt of the first acceptance to its offer made on the 14th of July 2006 to acquire all of Skywest Ltd's shares. The Company announced today to the Australian Stock Exchange that it now has an interest comprising 73.8% of Skywest Ltd's shares. ENDS | knowing | |
21/7/2006 08:25 | It seems an unfortunate fact of life that before a share price plummets its BBS is filled with bone headed idiots acting the big guy by swearing at each other. Knock it off fellows. | wookey | |
20/7/2006 15:57 | Irony.. isnt that what my mrs does to my shirts.. | bigdunc | |
20/7/2006 15:43 | One would say on autopilot as its of its lows, but not at ist highs over the last 6 months | bigdunc | |
20/7/2006 15:37 | Can someone change the header to flying low please ? | frank spencer | |
20/7/2006 15:22 | Its actually called Aviation plc, for every 10 shares you hold in AAIR you receive 1 in aviation, they will be listed on OFEX (now plus trading) | bigdunc | |
17/7/2006 16:14 | Hi, Does anyone know anything more about the free shares. This is the first I have heard about it.. | pawsnjaws | |
13/7/2006 09:01 | Free shares in Aviation.net on the way | bigdunc | |
13/7/2006 09:00 | Recent update... On the trading front, Advent has recorded a strong increase in passenger numbers. The number of travellers for the month of May increased by 18.94% when compared to the same period in 2005. Revenue per passenger increased by 20.35% while capacity increased by 4.3%. For June, passenger numbers increased by 12.7%, traffic increased by 5.9% while capacity decreased by 1.11% when compared to the same period in 2005r. The company is delivering on its strategy as promised. Over the last seven months it has acquired significant new contract wins and launched new routes. Our initial note assumed the acquisition of the remaining stake in Skywest therefore our earnings numbers remain unchanged. We are forecasting turnover of 39.1 million pounds for the year to 30th June 2006, profits of 1.6 million pounds and earnings per share of 2.3p. This puts the stock on a ridiculously low PE of 4.1. The business generates strong cash flow and has most of the upside guaranteed through long term contracts. The cash on the balance sheet should enable the group to roll our a strategy of extending its routes and the number of flights. At 9.75p, the business makes an attractive investment - Buy. | bigdunc | |
11/7/2006 09:17 | Bit like my ex.. | bigdunc | |
11/7/2006 08:12 | Nice stats | knowing |
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