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AA4 Amedeo Air Four Plus Limited

38.10
-0.10 (-0.26%)
25 Apr 2024 - Closed
Delayed by 15 minutes
Share Name Share Symbol Market Type Share ISIN Share Description
Amedeo Air Four Plus Limited LSE:AA4 London Ordinary Share GG00BNDVLS54 RED ORD NPV
  Price Change % Change Share Price Shares Traded Last Trade
  -0.10 -0.26% 38.10 821,977 16:35:07
Bid Price Offer Price High Price Low Price Open Price
38.00 38.40 38.20 38.10 38.20
Industry Sector Turnover Profit EPS - Basic PE Ratio Market Cap
Equip Rental & Leasing, Nec 208.1M 58.81M 0.1935 1.97 116.09M
Last Trade Time Trade Type Trade Size Trade Price Currency
16:35:07 UT 1 38.10 GBX

Amedeo Air Four Plus (AA4) Latest News

Amedeo Air Four Plus (AA4) Discussions and Chat

Amedeo Air Four Plus Forums and Chat

Date Time Title Posts
24/4/202417:50AMEDEO AIR FOUR PLUS LIMITED1,050
17/4/202011:37Distributions 6

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Amedeo Air Four Plus (AA4) Most Recent Trades

Trade Time Trade Price Trade Size Trade Value Trade Type
15:35:0738.1010.38UT
13:00:1538.20800305.60UT
12:02:4538.29446170.77O
11:39:4438.0057,74121,941.58O
10:29:3338.291,305499.68O

Amedeo Air Four Plus (AA4) Top Chat Posts

Top Posts
Posted at 25/4/2024 09:20 by Amedeo Air Four Plus Daily Update
Amedeo Air Four Plus Limited is listed in the Equip Rental & Leasing, Nec sector of the London Stock Exchange with ticker AA4. The last closing price for Amedeo Air Four Plus was 38.20p.
Amedeo Air Four Plus currently has 303,899,361 shares in issue. The market capitalisation of Amedeo Air Four Plus is £116,089,556.
Amedeo Air Four Plus has a price to earnings ratio (PE ratio) of 1.97.
This morning AA4 shares opened at 38.20p
Posted at 24/4/2024 17:50 by clive7878
My guess is there are sells. The price is 38.2 / 38.5 some buys were 38.29p.
The buy / sell price has narrowed, although the buying price has fallen slightly.
Although I believe the asset value per share is 112p, if the share price loses 2p even time there is a divi payment - on 2026 the share price will only be 22p. It's lost 9p since of late.
Either they are very cheap or something don't add up. The divi is virtually guaranteed till 2026, when the share price could have a radical change up or down depending of the renewal or sale of the A380's
Posted at 17/4/2024 15:05 by clive7878
We could now find that the share price stays flat until July.
Hopefully it will not then lose another 2p when it goes ex-dividend.

The way it is going the share price could lose 16p down from 38p to 22p - the amount payable in dividend by April 2026.

Then it all depends on what happens with the position of the A380's with the sale them or renewal of a new contract. They are almost certain to be still flying after that date, but bought by Emirates or still being leased.
Posted at 12/4/2024 21:54 by clive7878
AA4 price at 38.5p does appear to be illogically with an almost guaranteed 20.6% dividend for the next 2 years. The share price I would have thought can't keep on wiping out the dividend payment - its fallen 18% in the last 12 months.

The MM appear to be very sensitive when a few investors sell pushing the price down, but not as before it goes ex-dividend when investors buy they were not pushing it up?
They obviously accumulating stock and they may be holding too much stock, but then much of the stock is held by long term funds.
Posted at 10/4/2024 21:41 by clive7878
Capital gains limit is I believe is reduced in 24/25 year, which means more tax collected by the Gov. Its the sinical tax increases that people will not notice, like the personal allowance remaining static, pushing more earner into the 40% bracket.

Would have thought most deals today will be buys. Although be interested tomorrow when I believe they go ex-divi how much the share price may lose tomorrow. But surely they can't always be losing the dividend against a falling share price every quarter when they go ex-dividend.

No good having a high dividend if it is getting wiped out by a falling share price
In saying that AA4 is my biggest holding.

AA4 should be paying a 40% dividend over the next 2 years.
S64 question is what will the value of the share price be in 2 years time ?
and will the shareholders make an overall profit against a possible falling share price ?
But then why should it continue to fall ?

Boeing have taken a bashing over the last few years on safety - 2 bad crashes, 1 door falling off in mid-flight, and things have not got any better recently, so the A380's should be flying for some time yet.
Posted at 27/2/2024 18:49 by clive7878
Hopefully going forward the share price now being 41p having fallen from 47,
will be held up by the percentage dividend now being paid, as the last 3 dividends have been wiped out by the fall in share price. Hopefully the share price has now bottomed out.

For those who are not flying A380's, I was a bit concerned to hear that Ryan Air - who recently said that fares could go up by 10% due to the delay in buying new planes - have 57 number on order of Boeing 737 Max's. Presumably Boeing have now sorted out the software problem and the doors falling off. Not that I have flown Ryan Air.
I have flown on a A380 which was a dream flight. But on saying that I have also flown on a A737 but not a Max as far as I was aware. One of the ones that did crash had left Kunming in China where I have also flown out of, and where my wife came from.
Posted at 18/1/2024 17:44 by clive7878
Last time to sell to get the dividend was yesterday, Wednesday, 17th,
that's why the share price dropped today, thought that was elementary especially
more noticeable with AA4.

Hopefully tomorrow and going forward the share price should remain static, the last 2 dividends before, the share price has fallen more than the dividend being paid, but I would have thought that this should not continue. Obviously if the share price falls the true net gain is less than the 18% currently being paid.

The $64 question if one holds until July 2026 having collected a 20p dividend = 10 quarters at 2p - what is the real asset value going to be then, what is the share price going to be then, and what is the dividend going to be going forward. Mind you as inflation has fallen from 11.1 to 4%, the B of E should consider cutting interest rates - reported to be 1% lower by the end of 2024, if by the end of 2025 the B of E rate was say 3.5%, then that would make the share price even more attractive with an 18.8% dividend, as the banks would be quick to cut their interest rates payable then. But then what else in the pipeline for AA4 should increase the share price though. Much depends on the Emirates deal in July 2026.
Posted at 16/11/2023 14:59 by clive7878
Would have thought with a 16.5% yield - which should be gauranteed with the airlines now doing well - the share price should be higher.
We'very seen a dividend of 1.75p but a fall in the share price of 3.5p making the share price better value.
I have a fair holding in AA4.
Posted at 17/10/2023 11:51 by clive7878
fram7 - I agree with what you have posted.
I flew on a A380 from Heathrow to Hong Kong with Cathy Pacific, the best plane I have ever been on - 4 engines, smooth as a die, I love them.
The bid price as at 11.55 is currently 43.1p and offer price 44.75p according to a buy sell test I have done.
I have learnt that timing on buying and selling is some times more important than what one buys and sells.
It has still been thin trading of late, but like sheep people can follow other sheep and the price snowballs downwards over time which we are now seeing with AA4.
i have recently lost funds on Just Group, which is also on a pe of only 3, but appears to be a recovery stock.
AA4 is fundamentally a good company - certainly long term - but the share price is has now fallen more than the latest dividend, There's no real news to come out in the near future either.
But I do believe in holding this stock at present, even though there is a risk that the 16% dividend may not cover the share price fall. Longer term the stock does look promising taking into account asset value, dividend and AA4 is making a profit. .
Posted at 15/10/2023 22:04 by clive7878
Where do we see the share price going is the £64 question, as I learnt with Diversity Energy that it is no good receiving quite a good yield if it is more than being wiped out by the fall in share price.

I thought that the asset value of AA4 was far greater than the current share price.
Am I incorrect in this fact. We have had seen very thin share trading for quite some time now which has put the share price into much of a rut.

Is not the annual profit a fair bit higher that the total dividend being paid out each year?
Posted at 09/9/2023 12:20 by strollingmolby
Fund commentary from one of the largest shareholders, Staude Capital (via Mirabella Financial Services):

Notable holdings in FY2023

For the second financial year in a row, the largest positive contributor to performance was Amedeo Air Four Plus (AA4) - a special situation that GVF has held since 2020. In GBP terms, GVF’s investment in AA4 returned 77% in FY 2023.

As discussed in previous commentaries, what originally attracted us to AA4 was: a large amount of surplus cash; leases promising many years of significant income from Emirates; and what we felt was a compelling expected total return, even with pessimistic aircraft residual values factored in. AA4’s strong performance in FY 2023 comprised a mix of capital returns, dividends, and share price appreciation, each of which illustrates these attributes.

Capital returns came in the form of a £28M mandatory redemption by the company, through which GVF exited 12.5% of its holding at a price 105% higher than our carrying value at the start of the financial year. GVF has now received three such distributions of surplus cash, but we estimate AA4 still has considerable cash left and expect this to be returned in future years.

Dividend income represented 18 percentage points of the return in FY 2023. Emirates leases fund a mid-teens dividend yield, even after covering the costs of the entire company, and with some of the income held back to cover certain outstanding debt obligations at the end of the leases. During FY 2023, the company increased its quarterly dividend by 16.7%, albeit this was also a function of the reduced share count following the redemption of shares.

Finally, there was share price appreciation. In July 2022 another London-listed aircraft leasing vehicle announced it had agreed to sell its sole A380 aircraft to Emirates for a price of £25.3M. This was considerably higher than the market had been anticipating, and prices of AA4 and similar vehicles reacted accordingly as the market rebased its expectations. Sentiment towards AA4 and similar vehicles has also been helped by the continued rebound in air traffic, reports of a shortage of widebody aircraft, and continued delays in the rollout of Boeing’s 777X (seen as the replacement for Emirates A380s).
Amedeo Air Four Plus share price data is direct from the London Stock Exchange

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