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AAIR Advent Air

16.50
0.00 (0.00%)
23 Apr 2024 - Closed
Delayed by 15 minutes
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 Shares Traded Last Trade
  0.00 0.00% 16.50 0.00 01:00:00
Bid Price Offer Price High Price Low Price Open Price
Industry Sector Turnover Profit EPS - Basic PE Ratio Market Cap
  -
Last Trade Time Trade Type Trade Size Trade Price Currency
- O 0 16.50 GBX

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Advent Air Forums and Chat

Date Time Title Posts
21/11/200717:32ADVENT AIR - FLYING HIGH561
22/3/200612:15Advent Air* - Buy at 7.5p53

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Posted at 21/11/2007 17:11 by spangle93
Nice work wozelbeak

Knowing - may be an idea to update the AAIR thread header with this new one, if you've a moment
Posted at 20/11/2007 16:13 by spangle93
Note the RNS today:

That's some jump in dividend.
0.53c Final Dividend in 2006.
1.8c Final Dividend in 2007

Now that the name is changed from Advent Air (AAIR) to Skywest Airways (SKYW), should we start a new thread?
Posted at 14/11/2007 15:30 by scotty1
RNS Number:7430H
Advent Air Limited
14 November 2007


14th November 2007, RNS
AIM Code AAIR (effective 20th November AIM code SKYW)


Advent Air Limited
("Advent Air" or the "Company")

Audited Results for the 12 months ended 30th June 2007


Highlights in Results

* Revenues increased to $130m up from $98m the prior year;
* Group EBITDAR increased to $26.6m up from $17.85m the prior year with the
pre-tax profits increasing to $12.7m up from $5.7m in the prior year;
* Group Net Profit after Tax increased to $7.966m up from $3.9m the prior
year notwithstanding tax charges of $4.77m;
* Final Dividend payment for the year of 1.8 cents per share;
* Company proposes further share buybacks and other capital management
initiatives;
* Report of improvements in operating performance and profit margin; and
* Company to be renamed Skywest Airlines Ltd effective 20th November 2007
with new code on AIM to be SKYW.

The results for the full year ended 30 June 2007 based on the Audited Financial
Statements (as audited under Singapore Financial Reporting Standards) as
reported are as follows along with an equivalent in Pounds Sterling:
Posted at 12/11/2007 08:00 by wozelbeak
Go Advent, how long before AAIR gets noticed by some of the big players?
are results due this week?
Posted at 07/11/2007 18:05 by berny3
Think you will find the both were buys. My first thoughts were TW is establishing a fund. Very possible he will be buying many of his tips. AAIR is one of them.......and also AAIR is fabulous buy anyway, still cheap at these prices and with a link up on the loyalty with virgin Blue.....possible join togther soon?? Not too sure what the regulators would have to say... But must be becomming interesting to outsiders. Virgin Blue must be aware of this and needs to develop links. Pure spec and guess work.
Posted at 07/11/2007 14:09 by stluke
Had to be a buy, price would not have reacted positively if it hadnt surely, that fact it has coinsided with soon to be released results i guess bodes well, company has expanded rapidly over the past 12 months and although the share price has ticked up slowly throughout the year i strongly believe this remains undervalued.
Posted at 02/11/2007 06:46 by wozelbeak
will AAIR ever make a break north?
no matter what they do, it seems to be anchored in the mid teens!



1 NOVEMBER 2007



ADVENT AIR LTD
(AIM AAIR)


SKYWEST JOINS WITH VIRGIN BLUE TO
REWARD PASSENGERS WITH VELOCITY POINTS



The following was released today by Advent Air Ltd's wholly owned subsidiary,
Skywest Airlines and also by VirginBlue Airlines.



"Skywest rewards passengers with Velocity



Skywest Airlines announced today that it is joining Velocity, the award winning
loyalty program partnered by Virgin Blue.



From 1 November 2007, Velocity Members can earn Velocity Points on Skywest's
domestic network.



Skywest's Chief Executive Officer, Paul Daff said the Velocity program provided
significant benefits for passengers.



"By joining the Velocity program, passengers have the opportunity to earn
Velocity Points for every mile flown on qualifying Skywest flights. Now, our
passengers can earn Velocity Points, which can be redeemed for heaps of
fantastic rewards, from flights, to accommodation, car hire, movies and
shopping," Mr Daff said.



Mr Daff went on to say that passengers travelling to and from Skywest's fifteen
destinations would greatly benefit from the outstanding benefits offered by
Velocity. And that Velocity was an exciting addition to the Skywest product.



"Skywest offers a premium economy product with full in-flight service and the
most spacious economy class legroom in Australia. Now the Velocity loyalty
program gives our passengers the added benefit of earning rewards just by flying
with us. I believe this to be the best news for Western Australian travellers,
and will further encourage local tourism," he said.



Virgin Blue Chief Executive, Brett Godfrey, said, "Like Virgin Blue, Skywest is
a high-quality, service-oriented airline and we are particularly pleased to
welcome Skywest into our Velocity program as our latest partner.



"We are also very pleased to be able to offer Velocity Members even more
opportunities to earn Points."



Velocity Points can be earned on all Skywest flights, excluding flights to and
from Bali and charter flights.



As a launch offer, Skywest is offering double Velocity Points for flights taken
between 1 December 2007 and 31 January 2008. More information on this offer and
the program can be found by visiting the Skywest website at www.skywest.com.au.
To join Velocity visit www.velocityrewards.com.au.
Posted at 22/8/2007 08:53 by carterdl
I'm not surprised you took the chance to top up (as did I). But I am surprised this share's thread is so quiet. Maybe it's just an indication Advent Air is undiscovered by most investors.
You're right there is a commodity related angle to it, but from what I can tell it ticks all the boxes as a great investment in the making: has net cash making up 14% of it's market cap, has a clear growth strategy and means to achieve it, limited regional competition, is very lowly rated (less than 8 times this year's earnings), pays a dividend, frequent share buybacks, regular 'good news' updates, a great graph, good and enterprising management, it's also a possible takeover target. How many shares can boast all that?
I think there's a great chance the share price will be over 40p within a couple of years, possibly sooner. Indeed, GE&CR already have a price target of 43p.
Posted at 19/8/2007 22:10 by knowing
Advent Air Share Buyback/ Rule 26


RNS Number:2718C
Advent Air Limited
17 August 2007







For immediate release 17 AUGUST 2007


ADVENT AIR LIMITED
("Advent Air" or the "Company")


SHARE BUYBACK, EXERCISE OF OPTIONS AND AIM RULE 26



SHARE BUYBACK

The Board of Advent Air announces that on the 15 August 2007, and on 16 August
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 1,000,000 ordinary shares at a price of 14.75p per
ordinary share, and 40,000 ordinary shares at a price of 13.875p respectively
through the market. The repurchased ordinary shares will be cancelled and
removed from trading on AIM.



EXERCISE OF OPTIONS

The Company also announces today that options owned by Mrs Siobhan Cool, Company
Secretary, have been exercised on 40,000 new ordinary shares. Application has
been made for these shares to be admitted to trading on the AIM Market of the
London Stock Exchange on 22 August 2007.



Accordingly, as a result of the share buybacks and the exercise of options, the
issued share capital of the Company and the number admitted to trading to AIM
will amount to 196,000,000 ordinary shares.



TOTAL VOTING RIGHTS

In conformity with the Transparency Directive's transitional provision 6 the
Board of Advent Air Ltd (the "Company") is required to notify the market of the
following:



As at the date of this announcement, the Company's issued share capital consists
of 196,000,000 ordinary shares, with voting rights ("Ordinary Shares"). The
Company does not hold any Ordinary Shares in Treasury.



Therefore the total number of Ordinary Shares is 196,000,000.



AIM RULE 26

The Company announces that information required by AIM Rule 26 (company
information disclosure) is available on the Company's website:

www.advent.com.sg
Posted at 15/7/2007 11:29 by scotty1
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
Advent Air share price data is direct from the London Stock Exchange

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