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| Share Name | Share Symbol | Market | Stock Type |
|---|---|---|---|
| Alpha Airports | AAP | London | Ordinary Share |
| Price Change | Price Change % | Share Price | Last Trade
|
|
|---|---|---|---|---|
| 0.00 | 0.00% | 109.00 | 01:00:00 |
| Open Price | Low Price | High Price | Close Price | Previous Close |
|---|---|---|---|---|
| 109.00 | 109.00 |
| Top Posts |
|---|
Posted at 09/8/2006 18:22 by rabbrooks Are there any 'in house' correspondents who can be helpful with information? It would appear to have little interest to retail investors. |
Posted at 25/4/2004 11:34 by invisage Hey Guys,Just thought id tell you about DART GROUP. - The smart investors' favourite budget airline - A host of shrewd investors are backing budget airline and distribution business Dart Group with one top smaller companies team buying at the start of this month. Dart (DTG), which operates fledgling budget airline jet2.com and also offers air distribution services using the same planes, has become a tempting destination after a slump in its share price in the second half of last year. Heres a few reasons why its a good time to buy now... * Results in 7 weeks (16th June) * ISA Stock * The first half of the year Dart's pre-tax profits rose by 31% to £7.1 million from a 16% rise in turnover * Company is very cheap with a P/E of only just over 7 and a forward P/E of just over 6 * Offers a healthy 4.7% dividend yield * Market Cap. 45.70 m * Shares In Issue 34.49 m * 3.7% spread * Directors and Institutions hold 61* of the shares, very few in public hands. * Loads of cash in Bank * Jet2 operates from Leeds/Bradford and Belfast with flights to 13 destinations once a Belfast-Prague service is launched at the end of this month. * 16% (net book value) of the total tangible assets is in freehold property with less than 1% in short term leaseholds * Airline booking increasing this year, a Very good recovery play considering the stock is on the bottom of its range... When Dart's fleet of aircraft is not being used to transport holidaymakers they are utilised for distribution services, ferrying cargo, fresh produce and flowers. The company is also involved in freight forwarding at Manchester, Newcastle, east Midlands and London Heathrow. Cheers Invisage |
Posted at 23/2/2004 10:35 by jeffian ntkntk,I think you will find that the disposal was by Schroders, but they still hold over 32m shares / 18.6% of total equity. AAP is a strange animal in that nearly 70% of total equity is held by only 4 investors; Servair have the biggest slug with 27% and the rest is held between Schroders, Fidelity and UBS. This certainly makes for illiquidity (although its encouraging that the Schroders disposal was absorbed quite easily), but it would make a takeover very easy if anyone wanted to have a pop at AAP as you could achieve a majority with 3 phone calls! Regards, Ian |
Posted at 07/9/2003 23:48 by jeffian Folk on this board seem to prefer more speculative stocks, but you can't complain about this one!Good fundamentals, great divi yield (even after recent rises), solid earner - the sort of stock you can hold and sleep at night! And to top it all, dear old Investors Chronicle has climbed on the bandwagon (about a year too late, as ever!). Interims due 25/9. Should have a bit to go yet. Regards, Ian |
Posted at 30/5/2003 11:04 by jeffian Not a great trader's stock so not a lot of followers here, I know, but any holders may be interested to hear about yesterday's AGM which I attended. Have to say that it was a model of how these things should be done - they gave the same full presentation they give to their institutional investors and bankers (and they give the same presentation to their employees separately); very full 'question&answer' session with both pre-submitted questions and those from the floor dealt with very openly then access to all the board over buffet lunch afterwards.You have to feel a bit sorry for these guys - turnover/profit has been stuck in the £400m/£20m pa range for years so it looks as if they've been sitting on their hands doing nothing whilst in practice they've been paddling like hell to keep the thing going! Consider the big 'hits' they've had to deal with - the abolition of 'Duty Free' sales; BAA's decision to take retailing 'in-house' in the main airports; "9/11"; Iraq war; low-cost operators impact on 'traditional' airlines etc. etc. so although the figures look the same, how they get there has changed fundamentally. In a nutshell, 'air services' have shrunk and airport retailing has expanded to fill the void. So what of the future? Well they really believe they've put a 'floor' under the business and hope to go forward from here. Retailing is going great guns and with their main exposure being in the smaller 'regional' airports - Manchester, Luton etc. - and budget/charter airlines where growth in tourism is expected to grow aroung 6% pa for the foreseeable future, this should continue. After all, footfall through airports = sales (what else is there to do?!). They are also trying to transform the airline catering so that they become direct retailers to the passengers rather than cost-controlled wholesalers to the airlines. In the old way, airlines would say to them "How cheaply can you put food on our flights?" with a tiny budget with obvious results in terms of quality. What they are now doing is offering a web-based service so that people can pre-order their own food from a menu when they book their flights which they believe will give them the opportunity for a slightly higher spend with better results for the customer and better margin for themselves. We shall see. I bought these as a long-term investment as a High Yield/Low PER 'value' share. The balance sheet's as strong as the Bank of England (no debt!), the divi yield at 6.3% net (!) is better than cash in the bank and twice covered by earnings, there seems little downside and every chance of increases in earnings and capital appreciation in the future. Regards, Ian |
Posted at 19/5/2002 19:28 by jeffian This from sharecast:"Coname:Alpha Airports Epic:AAP Verdict:Prepared for take-off (The Business) Story:{Alpha Airports operate retail outlets at airports, including catering services. It has suffered in the wake of September 11th. Alpha's fortunes may well turn around soon, according to the Business. It has much regional business, as well as contracts at Heathrow and having learnt from past mistakes, it has offered investors "phenomenal growth." The shares, now trading at 75p, should continue to fly." Regards, Ian |
Posted at 24/5/2001 22:32 by chrisg Think there was a short article in Investors Weekly today quoting Kevin Abbott (CEO Alpha Airports) saying he didn't necessarily think Alpha would retain its independence. Air France has said it wants to increase its activities in this area, and already owns 27% of Alpha, as stated in the top post of this thread.Looks like Schroders does know what its doing. |
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