Share Name Share Symbol Market Type Share ISIN Share Description
Air Partner LSE:AIR London Ordinary Share GB00BD736828 ORD 1P
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  +1.50p +1.20% 126.00p 125.00p 127.00p 126.00p 125.75p 125.75p 30,652 16:29:59
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Travel & Leisure 42.5 4.3 5.4 23.3 65.79

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Air Partner (AIR) Discussions and Chat

Air Partner (AIR) Most Recent Trades

Trade Time Trade Price Trade Size Trade Value Trade Type
2017-09-25 16:15:00121.0050,00060,500.00OK
2017-09-25 15:26:54126.511,4061,778.68O
2017-09-25 09:20:33127.283,0003,818.40O
2017-09-25 09:13:39126.001,0001,260.00AT
2017-09-25 09:13:39126.006,0007,560.00AT
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Air Partner (AIR) Top Chat Posts

DateSubject
25/9/2017
09:20
Air Partner Daily Update: Air Partner is listed in the Travel & Leisure sector of the London Stock Exchange with ticker AIR. The last closing price for Air Partner was 124.50p.
Air Partner has a 4 week average price of 119.75p and a 12 week average price of 99.75p.
The 1 year high share price is 138p while the 1 year low share price is currently 86.25p.
There are currently 52,217,565 shares in issue and the average daily traded volume is 32,461 shares. The market capitalisation of Air Partner is £65,794,131.90.
17/7/2017
21:33
pvb: It's day to day share price is still pretty volatile, isn't it? ;-) ADVFN's quoted per is still nonsense, I see.
13/6/2017
11:01
mrx001: Very quiet on here. Seems like some people buying but share price still decling, must be a large seller in the background.
27/4/2017
16:15
masurenguy: A quick review by Paul Scott. Air Partner Share price: 112.3p (down 4.9% today) No. shares: 52.2m Market cap: £58.6m Preliminary results - for the year ended 31 Jan 2017. Just re-reading my notes from 15 months ago, when I concluded that this share looked quite interesting, with a big dividend yield, and a StockRank of 99 at the time. The share price was 388p then, so adjusting for the 1 for 5 share split in Jan 2017, that's 77.6p in new money. Therefore we've seen a 45% share price rise in 15 months - not bad. Although we're in a roaring bull market, most things are going up. The main activity of this company is aircraft broking, e.g. private jets for sports teams, HNW individuals, business people, etc. This generates 90% of the profit. There is another, consultancy division, which looks early stage - a distraction maybe? The highlights section shows a good increase in profitability. This looks to have come mainly from improved margins, rather than top line growth: Underlying EPS of 6.5p seems to be below consensus expectations of c.7.5p. I've done some digging, and the difference is down to a one-off higher tax charge in 2017/17. Stripping out that one-off impact, the results are actually in line with expectations. So that's fine. Dividends are a particular feature here - the company pays out most of its earnings in divis. The 5.2p divis for 2016/17 represent a fairly attractive yield of 4.6%. Balance sheet - this looks unusual, since the company receives substantial cash deposits up-front from its JetCard scheme. This is important, because of the £19.8m cash, £15.9m is actually money that belongs to customers using the JetCard. Since the company also says in the narrative that it intends moving this cash into segregated accounts, to reassure customers, then it's essential to ignore the JetCard cash when valuing the shares. Therefore, I would adjust the balance sheet by removing £15.9m cash. The other side of the double entry is to reduce deferred income by £15.9m too. So basically, the enterprise value figure will be wrong, and needs to be manually adjusted in this way. Overall though, the balance sheet looks OK to me. Outlook - sounds alright, but not exciting; Trading has commenced in line with the Board's expectations and this, together with the pipeline of work for the next quarter, means that we begin the 2017/2018 financial year with a degree of optimism Valuation - forecasts for the new financial year are unchanged at £6.4m normalised profit before tax. Although a somewhat higher tax charge is expected this year too, so EPS has been trimmed from 8.7p to 8.1p by one broker today. That gives a PER of 13.9, which looks about right to me. My opinion - it looks OK. We have to remember that this sector is very cyclical, so both profits and share price are clobbered when the economy turns down. For that reason, it's the sort of thing to ditch as soon as storm clouds are seen on the economic horizon. In the meantime though, I can see the attraction of a nice yield, and what appears to be a well-run business. I like the chatty narrative with today's results too - the company seems focused on delivering customer service, and repeat business, which seems very sensible. Overall then, it looks quite a nice company, probably fairly priced.
07/1/2017
12:46
dozey3: It's not important, but fwiw I agree with trident. Look at it this way. Suppose instead of splitting into four the shares were split into four-hundred. The board's logic would suggest the spread would be hugely reduced to our advantage. Of course it would be reduced very considerably, but the percentage creamed off by the broker would not change - why should it? It might well increase judging by most penny shares. It is when a share price increases hugely over the years to £40 or £50, say, that splits may make sense, where scrip dividends for example cannot be allocated part shares and are therefore inefficient.
07/1/2017
10:28
trident5: It begs certain questions though M. - Why don't all companies consolidate / split their shares back to 100/110p if that generates optimal liquidity? - If 100/110p is not the optimal spread to generate optimal liquidity - what is the formula used to calculate it? - when looking at a spread why is the investor looking at the absolute amount and not the relative (percentage) amount - if my lat post was a misrepresentation what did you mean by "todays spread of 13.5p would be reduced to 2.7p on a pro rata basis"? My take on splits and consolidations is this: the finance industry is rammed with advisors looking for work. There's no work when nothing is happening, so some approach Boards and suggest a share split/consolidation would do wonders for liquidity and tighten the spread (and their fees). The directors are busy wondering about planes, flights and airports and without much thought are convinced that if they take your share certificates and cut them into five smaller ones and hand them back to you you'll express childish delight at the magic. You're happy, they're happy because you're happy and the advisors have transferred some of your wealth to themselves and they're happy too. Everyone's a winner! So, given that I view it as a pointless exercise - I view it as a weak sell signal, somewhat amplified because it shows the directors are focussing their time on the share price not the business, which is never a good sign. That's all from me unless you can demonstrate an explanation as to why cutting a pie up into a different number of parts changes the pie's size.
06/1/2017
07:50
masurenguy: At last ! This improvement in stock liquidity is long overdue. Air Partner PLC RNS Number : 4679T 06 January 2017 Proposed 1 into 5 share split and notice of general meeting Air Partner plc (the "Company") announces that the Company is today sending a circular (the "Circular") to shareholders that describes a proposed share split and contains a notice of general meeting at which a resolution will be proposed to approve a share split. The Board of directors believes that the Company's share price has risen to a point where it is appropriate to recommend that each existing ordinary share of five pence be split into five new ordinary shares of one penny each. The Board believes that this split will improve the liquidity of the market in the Company's shares, reduce the percentage spread between the bid and offer prices and increase the attractiveness of the Company's shares to potential investors. A long term aim of the Board is to attract and retain a diverse shareholder base with an appropriate balance between retail and institutional investors for a public company listed on the premium segment of the London Stock Exchange. LOL - haven't heard from Trident5 on this thread recently. Now is his chance to contact the Air BoD to inform them that they are wasting their time making such a pointless move ! Masurenguy 15 Oct '15 - 20: The spread is too large - they need to expand the number of shares in issue by a 4 to 1 conversion which would create better liquidity and also reprice the shares at circa 100p - 110p. trident5 16 Oct '15 - 21: How does that create any more liquidity? There'll be 4x as many shares available at a quarter the current price = the same liquidity. Masurenguy 16 Oct '15 - 23:26 - 22: A liquid share is very easy to price and can be bought or sold without any significant impact on the price. An illiquid share is more difficult to price and even a small buy or sell quantity can have a significant impact on the price. A liquid share is usually characterised by a narrow spread whereas an illiquid share usually has a wide spread - like AIR. trident5 17 Oct '15 - 08:32 - 23: Still can't see how a share split can impact liquidity. Liquidity can impact the spreads but I think you're getting all this muddled. Masurenguy 17 Oct '15 - 09:59 - 24: I have provided you with a simple explanation but you don't appear to be able to comprehend it. trident5 3 Nov '15 - 32: I can't see how a share split here will help liquidity and reduce the spread. If I want to sell some tomorrow I'm not going to think about it in terms of how many shares I want to sell but how much cash I need to raise.
30/12/2016
11:50
pvb: Another acquisition. Clockwork Research Ltd. http://uk.advfn.com/stock-market/london/air-partner-AIR/share-news/Air-Partner-PLC-Acquisition-of-Clockwork-Research/73122362
29/9/2016
08:30
speedsgh: The rise in the share price is only really a bonus if you are selling... and the initial spike this morning now appears to be being sold into. Will be interesting to see how it goes once the dust has settled.
07/6/2016
11:17
speedsgh: Share Watch: Air Partner to widen business horizon - HTTP://www.moneyobserver.com/our-analysis/share-watch-air-partner-to-widen-business-horizon ADD: AIR PARTNER (AIR) Shareholders are used to turbulence from Air Partner, but in the year ending in January 2016 all three of its divisions performed well. The company earned 10 per cent more revenue than it did the previous year, adjusted profit doubled, and strong cash flow ensured the company remained unindebted despite spending £6.5 million on acquisitions. Air Partner brokers charters for large commercial jets, private jets and freight. Demand fluctuates with economic activity, and the commercial jet division also depends on political activity. Since these factors are variable, Air Partner's profit can be too. The company is seeking to expand beyond broking charters by acquiring and selling other services to customers, diversifying and perhaps stabilising its business. During the last financial year it acquired Cabot Aviation, a broker that sells and leases aircraft, and Baines Simmons, an airline safety consultancy. A share price of 425p values the enterprise at just over £64 million, or about 10 times adjusted profit. The earnings yield is 10 per cent. That looks cheap, but valuing firms with volatile profits on the basis of one year's profit is perilous. We have to look back to 2008 before we can find a year in which Air Partner earned more than the 22 per cent return on capital it did in 2016. Return on capital dropped as low as 10 per cent in 2010 and the average over the past 10 years is 18 per cent. Taking that figure as a more reliable prediction of future profitability, Air Partner's earnings yield is 8 per cent. It looks good value by the more conservative measure too, especially if its diversification strategy brings more stability.
05/4/2002
00:21
rb5: Big al Shares in UK retailer Marks and Spencer Group Plc were given a lift on Thursday after Deutsche Bank upgraded its share price target and earnings forecasts for the company. The broker repeated its "buy" advice, and raised its share price target to 470p from 400p. Better shorting signals fron Next.
Air Partner share price data is direct from the London Stock Exchange
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