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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 | 00:00:00 |
Industry Sector | Turnover | Profit | EPS - Basic | PE Ratio | Market Cap |
---|---|---|---|---|---|
0 | 0 | N/A | 0 |
Date | Subject | Author | Discuss |
---|---|---|---|
26/7/2007 13:08 | Up today despite market malaise.Reached new high but no news that I know of-curious! | standish11 | |
23/7/2007 22:31 | Nothing to add Paulie. | knowing | |
20/7/2007 13:09 | very quiet here, since the tip | paulie1 | |
15/7/2007 10:29 | GE & CR 15/7/07 Advent Air Increase in Valuation* Key Data EPIC AAIR Share Price 15p Spread 14.5p 15.25p NMS 10,000 Total no of shares 197 million Market Cap £29.55 million 12 Month Range 9.25p 15p Market AIM Website Advent.com.sg Sector Travel and Leisure Contact Jeff Chatfield 07783942553 On 27th June, GE&CR published a detailed note on Advent Air, recommending the shares as a buy at 14p and raising its target price by almost 50% to 43p. The Company's strategy is based on adding additional services to its schedule by adding new routes. Advent intends to implement this strategy via a three pronged approach: 1) expand into additional destinations in the Southeast Asian region, 2) grow its aircraft charter business and 3) expand the route network and schedule within Western Australia and the Northern Territory. This can be enhanced by an increase in freight capacity and selective code-sharing and interline agreements. Code-sharing, a flight operated by one airline but jointly marketed by more than one airline - a key feature of major airline alliances, can add to Advent's passenger numbers to new routes, as well as giving it the opportunity to deploy its own aircraft. The company's strategy of securing long term charter contracts to service resource production companies in Western Australia and the Northern Territory has served the Company well. Resource companies benefit from Skywest's relatively modern fleet of large aircraft, reliable services and on time performance schedules. Advent benefits from the guaranteed income streams. The scheduled charter contracts with major mining houses such as BHP, PIO and Argyle provide Skywest with the opportunity to further utilize its existing fleet and contemplate further expansion of scheduled charter services. The monopoly routes Skywest currently enjoys are likely to continue, as regional governments retain significant regulatory powers with respect to air traffic, partnerships, interline and code-sharing arrangements. Since the publication of our note, the company has announced the appointment of a new Company Secretary - Jasmine Loh. Assuming very little growth, no significant change in the number of routes offered, no change in accounting policy and no further share buy backs by the end of this year (even though share buy backs are likely to continue), we see earnings growing by at least 50% in the current year. We anticipate that pre-tax profits for the year to 30th June 2007 will increase from £1.94 million (S$5.79 million) to £2.95 million (S$8.8 million) and that £5.54 million (S$16.50 million) is achievable in 2008. The benefits from the enhanced operating capacity of more aircraft coming on stream from December 2006 onwards (two in December 2006 and one in April 2007) will be more apparent in the 2008 full year financial results. The effect of being able to utilise historic losses (as a result of buying out the minority stake in Skywest) will be to reduce the tax charge from 2007 onwards and thus to boost earnings. At 15p, the shares trade on a very low prospective earnings multiple of just 9.5 this year's projected earnings, and 4.93 times the year to June 30th 2008 projected earnings. We regard a current year price earnings ratio of 15 as a fairer reflection of the highly visibility and strong earnings growth which Advent is, and will continue to deliver. Hence, our target price, based on a 15 times forecast earnings for the year to June 30th 2008, is 43p | scotty1 | |
14/7/2007 23:01 | Difference is you are a pump and dumper of very poor decimal stocks and i'm not. Good night :-)) | quotes_4_u | |
14/7/2007 22:48 | Difference is on both I made money and you didn't ! LOL at Quotes ! | knowing | |
14/7/2007 22:46 | Shall we go back to the Bartercard thread and remind everybody just who exactly was ramping it up knowing ! That was yourself whilst i was constantly expressing caution in investing in Brtr, i'm sure aporterman will verify this ! Dvs...yep...bad call...first bought at 2.4p...went to 8p....top sliced out my original investment..then sold rest out at 2p when i realised all was lost. | quotes_4_u | |
14/7/2007 22:43 | LOL hows your Bartercard and DVS doing ? | knowing | |
14/7/2007 22:38 | Ah this looks a better play knowing, at last i find you invested in a company that makes money and quite a bit on their last interims. | quotes_4_u | |
09/7/2007 09:53 | LONDON (Thomson Financial) - Advent Air Ltd said its passenger load factor for June declined 1.35 points to 58.93 pct compared with the corresponding month of last year, while passenger numbers rose 10.67 pct to 31,000 in the same comparison. The investment holding company that operates Skywest Ltd said revenue passenger kilometres for June increased by 16.85 pct to 26.83 mln kilometres. For the year to date, Advent's load factor rose 0.62 points to 57.52 pct and passengers carried grew 10.01 pct to 347,000 | knowing | |
02/7/2007 18:01 | ADVENT AIR LTD ("Advent Air" or the "Company") APPOINTMENT OF COMPANY SECRETARY The Board of Advent Air, which owns and operates Australian based Skywest Airlines Pty Ltd, is pleased to announce it has appointed Ms. Jasmine Loh as an additional Company Secretary, with immediate effect. Jasmine has over 28 years' experience as a company secretary and held positions in Singapore at Shenton Pte Ltd, Drew & Napier, Tayew Development Pte Ltd, Guthrie Gts Ltd, Kmp Private Ltd, Lion Teck Chiang Ltd, Poh Lian Holding Ltd, Tuan Sing Holdings Ltd, Libra 2002 Pte Ltd, Tarc Associates Pte Ltd and Koh Brothers Group Ltd. Jeff Chatfield, Chairman of Advent Air, commented: "We are pleased to appoint Ms Loh as an additional Company Secretary. Jasmine's demonstrable track record in the areas of communication, law, administration, finance and accounting will be valuable to the fast growing business of Advent Air." --ENDS-- | knowing | |
28/6/2007 07:05 | am in as well....looks very promising for doubling in next 6 months me thinks DYOR etc, but nice monopoly position | qs9 | |
27/6/2007 15:55 | bought some, quoted me 15.75 | paulie1 | |
27/6/2007 15:16 | Damn the bloody thing has broken out by the looks of it ;-) | knowing | |
27/6/2007 15:15 | is this a good time to buy | paulie1 | |
27/6/2007 10:33 | Another GE&CR recommendation in the free mail today. There's lots more background, but as it came in an email, I don't have a link. Advent Air : Buy at 14p, target price 43p Aim quoted Advent Air owns 100% of Skywest Ltd a fast growing, profitable regional airline with many years of operation in Australasia and South East Asia. Until being taken over by the Company Skywest Ltd was an Australian Stock Exchange quoted airline operator and holiday package supplier. The airline enjoys a strong operational presence in the Western and Northern Australia, with a strong and well established brand, known to local customers, the aviation industry and regulators. Skywest has exclusive charter contracts with major resource companies, such as Rio Tinto, Newmont and Macmahons, a BHP contractor. 62% of its revenues are stable in that they are derived from Government monopoly and mining company charter contracts. Skywest enjoys considerable competitive protection thanks to exclusive licences granted to operate regional passenger services on the coastal network of Western Australia for a term of up to 5 years. In addition, Skywest holds a rare and the valuable Australian High Capacity Air Operators Certificate, enabling the operation of large commercial aircraft for charter and regular scheduled air passenger traffic. The Company delivered a 117% increase in turnover to £33 million (S$98.95 million) and a 147% increase in profit before tax of £1.94 million pounds (S$5.79 million) for the financial year ended 30th June 2006. The trend in earnings growth is likely to accelerate for the current year as the Company has increased the number of aircraft fleet in operation from seven to ten. During the current year, Advent was able to buy the remaining 40% stake in Skywest Ltd, and was thus able to take advantage of Skywest's tax losses allowances and the elimination of minority interest. With a forecast profit before tax for the year to June 30th 2007 of £2.95 million (S$8.8 million), the shares - at 14p - trade on a current multiple of 9.33, which is hardly demanding for both the industry and a Company with such clear growth prospects and with net cash on its balance sheet. We consider a current year price earnings multiple of 15 as a fairer reflection of the growth being delivered by this business and hence we set a target price, based on 15 times forecast year to June 2008 earnings, of 42.6p and we reiterate our stance of "buy" | spangle93 | |
21/6/2007 22:49 | if they keep buying back the shares at this rate, i would say it's inevitable! | brando69 | |
21/6/2007 22:39 | Are we eventually heading for a breakout ? | knowing | |
05/6/2007 09:28 | RNS Number:7166X Advent Air Limited 04 June 2007 For immediate release 4 JUNE 2007 ADVENT AIR LIMITED ("Advent Air" or the "Company") SHARE REPURCHASE FOR CANCELLATION The Board of Advent Air announces that on the 1 June 2007, pursuant to the authority granted to the Company by shareholders at the Annual General Meeting of the Company held in December 2006, the Company purchased for cancellation 500,000 ordinary shares at a price of 12.75p per ordinary share through the market. The repurchased ordinary shares will be cancelled and removed from trading on AIM. Accordingly, the reduced issued share capital of the Company and the number admitted to trading to AIM will amount to 198,500,000 ordinary shares. | knowing | |
28/5/2007 12:40 | If you held your shares in a nominee account, as i did, the AVAP shares will appear also in your nominee account, as mine did, IF you are entitled to them its as simple as that.. | bigdunc | |
26/5/2007 10:13 | Hi Scotty1 Can you help me with this please.I bought 40,000 shares in AAIR in September 2006.I believe shareholders were allocated 1 AVAP share for every 10 AAIR shares.I bought mine through Interactive Investor Account and are held in their nominee account.Was I entitled to these shares?If so how can I find out that I own these shares?Also were they allocated in a certificated form.I would appreciate your comments on this.Read the above thread with interest thanks. | safeera |
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