We could not find any results for:
Make sure your spelling is correct or try broadening your search.
Register to chat with like-minded investors on our interactive forums.
| Share Name | Share Symbol | Market | Stock Type |
|---|---|---|---|
| Air Partner | AIP | London | Ordinary Share |
| Price Change | Price Change % | Share Price | Last Trade
|
|
|---|---|---|---|---|
| 0.00 | 0.00% | 416.75 | 01:00:00 |
| Open Price | Low Price | High Price | Close Price | Previous Close |
|---|---|---|---|---|
| 416.75 | 416.75 |
| Top Posts |
|---|
Posted at 23/4/2015 09:58 by bookbroker Liberum raise target to £4.80, I take broker targets with a pinch of salt, but this co. is working to regain support from investors, a quality operation in the private jet sector. |
Posted at 10/12/2014 15:43 by lbo has been discussed on here beforeLBO 7 Dec'12 - 12:12 - 330 of 471 Guys all that cash is not Air partners. Some of the cash belongs to Customers in the form of customers deposits under the jetcard business and is repayable on demand if the hours are not flown. The Group’s cash balances show high levels of short term volatility due to timing differences in the receipt of funds from clients and payments to aircraft operators. Within the cash balance is a significant amount of pre-paid deferred income, which would be repayable on demand |
Posted at 22/8/2014 10:09 by speedsgh Half-year financial results due on 23/9 |
Posted at 30/7/2014 20:54 by djderry Or,as Ben Graham put it so memorably in 'The Intelligent Investor':'If the reason people invest is to make money,then in seeking advice they are asking others to tell them how to make money.That idea has some element of naivete.'Classic! |
Posted at 29/7/2014 09:18 by jerc SIMON THOMSON I.C article........." One of my top share picks last year, Air Partner (AIP: 370p), a provider of aviation services to industry, commerce, governments and private individuals worldwide, has issued a major profit warning. The damage has been caused by the company's commercial jet operation which is dependent on ad-hoc projects such as disaster relief or emergency evacuation flights. An absence of such business for its larger jets since the annual meeting in early June has led to a profit shortfall. This is despite the fact the company's private jet operation continues to flourish and trading in the freight business is recovering, albeit from a low base. So, even though margins have improved, reflecting the higher contribution from the private jet operation in the business mix, and costs has been kept in check, the underperformance of the commercial jet business means that analysts at Liberum Capital have slashed their revenue estimates for the current financial year to the end of January 2015. The broker now predicts revenues of £177m, down from £224m in the prior year, to produce pre-tax profit of £2.4m, a sizeable decline from the previous estimate of £4.4m. On that basis, expect adjusted EPS of 15.5p, almost half the level reported in the previous fiscal year. It would also appear that there is little upside to these downgraded estimates since the second half is the traditionally weaker period. That alone tempers my enthusiasm even though Air Partner's board has announced a 10 per cent rise in the half-year dividend to 6.66p a share for the six months to the end of July 2014. Liberum is pencilling in an uncovered full-year payout of 22.1p a share for the 12 months to the end of January 2014, a dividend I expect to be declared since the company is sitting on a £19m cash pile, including £11m held as deposits from Jetcard customers. Sales of Jetcard have been very strong, but are not recognised as revenue and profit until the customers actually take the flights and use the credit. Excluding the Jetcard deposits, net cash equates to 78p a share, so on a cash-adjusted basis the forward PE ratio is 19 with the shares trading on a bid-offer spread of 356p to 370p. Factoring in the whole of the company's cash pile equating to half of Air Parner's market capitalisation of £38m the prospective PE ratio is 12. True, the earnings multiple is high only because earnings are depressed, and a prospective yield of 6 per cent is supportive. That said, the company has to eat into the cash pile to make the payout as it will not be covered by cash flow given the aforementioned profit shortfall. Again this tempers my enthusiasm, as does the return of volatility of earnings. So having seen Air Partner's shares take-off and double within 12 months after I recommended buying at 310p ('A share ready to take off', 7 Jan 2013), I am less confident on prospects now. In my last update three months ago when the price was 500p ('Taking a watching brief', 14 Apr 2014), I noted: "I feel there is a very reasonable chance of further gains over the remainder of this year, assuming of course the tailwinds driving the business prove as favourable as they have been." Unfortunately, those tailwinds have changed direction and the business is facing some strong headwinds in its commercial division. Moreover, I concluded at the time: "Risk-averse investors may wish to adopt a watching brief until the share price has confirmed a low is in place and that the downward drift is finally over, but on an eight-month basis I can see far more upside than downside." I would still adopt a watching brief as I feel that the shares could drift lower in the coming months. Liberum is less confident too, having slashed its target price from 700p to 400p and moved its recommendation from 'buy' to 'hold'. In the circumstances, if you followed my previous advice I believe it's best to bail out before the shares lose any more altitude. Sell. " |
Posted at 08/1/2013 12:16 by goliard Main point here is that the move up is on very low volume and any proper buying or selling would move the price significantly more. If investors decide to return, especially after the next update, then we could see £5 in a matter of days. |
Posted at 07/12/2012 12:12 by lbo Guys all that cash is not Air partners. Some of the cash belongs to Customers in the form of customers deposits under the jetcard business and is repayable on demand if the hours are not flown.The Group's cash balances show high levels of short term volatility due to timing differences in the receipt of funds from clients and payments to aircraft operators. Within the cash balance is a significant amount of pre-paid deferred income, which would be repayable on demand |
Posted at 24/11/2012 13:29 by 3800 they do have a helpful investors section to their website to be found here 3800 |
Posted at 15/11/2012 09:31 by brucie5 Interesting downtick exactly timed to wrong foot me on my recent first purchase at somewhat above £3. I've been watching for a while and was expecting it to move higher.. That said, timing was never my forte, BUT, the chart does still hold apeal to me at least. That is to say, this is where i should have taken my maiden stake. That said, my source at Investor intelligence is currently bearish on US markets, so not looking to get further in until I see how this chart reversal continues to hold. |
Posted at 11/10/2012 15:58 by spob Air Partner profits lose springInvestors Chronicle A sharp drop in demand, oversupply of planes and fierce competition made this a tough year for Air Partner 's (AIP) core commercial jet broking business. With no Arab Spring or Japanese tsunami to boost demand, profits there halved. Still, cutting costs and poaching key staff from rivals is paying off and the numbers weren't as bad as some analysts had feared. Ignore £0.9m of one-off credits and Air Partner's pre-tax profit fell 44 per cent to £3.2m. Just £1.6m of that came from commercial jet broking compared with a record £3.3m in 2011. However, revenue from private jet broking grew 8 per cent to £44m, driven by brisk business in the US where turnover soared by two-thirds to £9.2m. The company's all-inclusive JetCard scheme should underpin growth in the region, and in continental Europe, too, where management expects to grow sales fast and dramatically increase its 2 per cent share of the £650m market - new, well-connected recruits in Spain and Russia are already generating business. Bosses also want to replicate a local partnership in India across high growth markets within Asia and South America. A drive to fly more oil workers should help, too. Having trimmed forecasts by 5-6 per cent, broker Oriel Securities now expects current year adjusted pre-tax profit of between £3.7m and £3.8m, giving adjusted EPS of around 23.5-24.1p (2012: £3.2m and 21.3p). AIR PARTNER (AIP) ORD PRICE: 262p MARKET VALUE: £27.0m TOUCH: 260-265p 12-MONTH HIGH: 345p LOW: 230p DIVIDEND YIELD: 6.9% PE RATIO: 9 NET ASSET VALUE: 137p NET CASH: £15.7m Year to 31 Jul Turnover (£m) Pre-tax profit (£m) Earnings per share (p) Dividend per share (p) 2008 251 9.24 62.6 30.0 2009 187 5.64 45.9 30.7 2010 230 2.73 26.4 15.0 2011 282 5.26 32.5 16.5 2012 228 4.14 29.1 18.2 % change -19 -21 -10 +10 Ex-div: 14 Nov Payment: 14 Dec IC view: An impressive cash pile means Air Partner's generous dividend is safe. It has a sensible plan for growth, too. However, both visibility and the economic outlook are equally poor, so, on a forward PE ratio of 11, the shares rate a hold. Last IC view: Hold, 270p, 16 March 2012 |
It looks like you are not logged in. Click the button below to log in and keep track of your recent history.
Support: +44 (0) 203 8794 460 | support@advfn.com
By accessing the services available at ADVFN you are agreeing to be bound by ADVFN's Terms & Conditions
Hot Features
Premium
