Share Name Share Symbol Market Type Share ISIN Share Description
Avation LSE:AVAP London Ordinary Share GB00B196F554 ORD 1P
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  -1.50p -0.69% 215.50p 213.00p 218.00p 220.00p 215.50p 217.00p 140,289.00 14:11:35
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Industrial Transportation 55.9 13.6 25.8 7.8 126.99

Avation Share Discussion Threads

Showing 2776 to 2799 of 2800 messages
Chat Pages: 112  111  110  109  108  107  106  105  104  103  102  101  Older
DateSubjectAuthorDiscuss
20/2/2017
13:40
Do not forget Richard Wolanski and Avation plus to other companies are presenting tomorrow evening in Manchester and all are welcome... Http://www.sharesoc.org/altrinchamseminar.html So come and ask a few questions and meet other investors... I will also be doing an investor Q&A session.
davidosh
20/2/2017
13:06
Re-tipped by Simon Thompson in the IC. His new price target is 250p which is the recently reported book value.
ragehammer
19/2/2017
22:37
I am thinking if they sold the atr fleet then the best thing may be to look for a takeover target like aqz in australia trading at a big discount to nav with a decent fleet of older jets used in the rapidly recovering fifo market which is where avap got started so know the industry well, I am sure something along these lines is what they were thinking and a cash/shares deal could be done in a mutually beneficial way.
catsick
17/2/2017
07:59
Why hold a final round of bids if they don't intend to sell them ? Why not say the initial bids weren't sufficient . They are master negotiators and are looking to extract maximum premium over book imho.you don't look a gift horse in the mouth.
buffetteer
17/2/2017
07:25
If I may... As time has gone on it seems apparent to me that their concern is that they wish to stay in the narrowbody market but valuations are very high now and the idea of buying ready made replacement fleets is not as easy as they initially thought. Therefore the loss of revenue and profits over the years it will take them to increase the fleet size again means that a massive premium would be required on the fleet sale. Also, with 97% of their loans at fixed rates that alone is a powerful argument to keep things as they are in a rising interest rate environment (next 5 years). Given the ATR fleet growth is going to be pedestrian and the yields on the jet fleet are relatively smaller then perhaps it is wise to keep the ATR fleet unless someone came up with a huge premium. Given that half the company assets are up for sale then Avation were duty bound to seek out other potential investors; part of good corporate governance; but their heart is really not in it IMO. However they are into aircraft sales and selling a few ATR's, perhaps the older -500 series is in line with normal trading. So it's all good for the company and the business but given the share price appreciation when the ATR sale was first announced I am certain there will be a meaningful fall in the share price if they announce the fleet sale is not going to happen; perhaps mitigated if at the same time they have secured sales on only part of the ATR fleet. As a consequence I sold about a third of my holding yesterday. However long term I'll probably be a buyer following the announcement because plugging various numbers into my finance model shows that full year profits are going to be good and I believe in this company over the long term having first invested in 2013 Carcosa
carcosa
17/2/2017
07:18
Seems like the sale of the atr fleet is still trundling on, with all this interest above book value it is surprising we are still trading below the book value of 3.10 usd , Jeff has shown excellent ability to compound book value over many years so I am sure he can build a decent fleet of a321s and then sell that out in the future, I think this is proving to be a pretty good long term hold, also still a lot of cash on the balance sheet , wild like to hear the bear view from russman in these results ?
catsick
16/2/2017
17:38
Accumulated today on good figures... more to come?
sogoesit
16/2/2017
12:57
Still in talks on the sale of the turboprops
jamesjoel
16/2/2017
12:56
Avation powers ahead Share 07:37 16 Feb 2017 Book value per share rose 41% to US$3.10 from US$2.20. Avation shares currently trade at just below £2. ATR 72 Avation is still in talks over the possible sale of 22 of its ATR 72 aircraft Commercial passenger aircraft leasing company Avation PLC (LON:AVAP) made rapid progress in the second half of 2016. The first half of the group’s financial year saw the key metrics improve markedly year-on-year. Lease revenue rose 43% to US$45.11mln from US$31.49mln the year before. Profit before tax jumped 51% to US$8.39mln from US$5.57mln, while earnings per share climbed 46% to 12.9 cents from 8.8 cents in the second half of 2015. Book value per share rose 41% to US$3.10 from US$2.20. Avation shares currently trade at just below £2. In October 2016 Avation revealed that it had received an expression of interest for 22 of its ATR 72 turboprop aircraft, which prompted to seek competing proposals from the market. It received eight offers from a range of investors and lessors, with the bid levels indicating a valuation of the fleet above the book value. Avation revealed in today’s statement it is still in discussions with a number of the bidders, and no final bids are yet on the table. The group ended the year with net indebtedness of US$689,253, up from US$409,498 at the end of 2015. The total loan-to-value ratio remained pretty steady at 76.0%, compared to 75.8% a year earlier. "Fleet metrics have continued to improve as the fleet has grown, with the weighted average age of the aircraft decreasing to 2.8 years and the weighted average remaining lease term increasing to 7.8 years,” said Jeff Chatfield, executive chairman of Avation. “Avation's strategy seeks to maintain a low average age of the fleet, lowering risk by maximising the long term earning potential of fleet assets. As at 31 December 2016 the value of the company's jet fleet now exceeds that of the turboprop fleet,” Chatfield revealed.
jamesjoel
16/2/2017
11:05
No news on the sale of the turbo props
jamesjoel
16/2/2017
09:35
Avation posts pre-tax profits of $8.4m for the six months to the end of December - 51% up on last time. Lease revenue increased by 43% to $45.1m while earnings before interest and tax grew 54% to $27.6m. The commercial passenger aircraft leasing company said total profit after tax increased 54% to $7.4m and operating cash flows increased 65% to $31.1m. Earnings per share increased 46% to 12.9 cents. Executive chairman Jeff Chatfield said: ""Avation is pleased to report significant year on year increases in revenue, profit and operating cashflow in the half year to 31 December 2016. "Fleet metrics have continued to improve as the fleet has grown, with the weighted average age of the aircraft decreasing to 2.8 years and the weighted average remaining lease term increasing to 7.8 years. "Avation's strategy seeks to maintain a low average age of the fleet, lowering risk by maximising the long term earning potential of fleet assets. "As at 31 December 2016 the value of the Company's jet fleet now exceeds that of the turboprop fleet. "In addition to these satisfactory financial results Avation has grown the aircraft fleet, managed overhead costs and improved fleet metrics to position the Company well for the second half of the financial year."
broadwood
16/2/2017
08:04
WOW - that'll do nicely.
broadwood
16/2/2017
07:31
Avation posts pre-tax profits of $8.4m for the six months to the end of December - 51% up on last time. Lease revenue increased by 43% to $45.1m while earnings before interest and tax grew 54% to $27.6m. The commercial passenger aircraft leasing company said total profit after tax increased 54% to $7.4m and operating cash flows increased 65% to $31.1m. Earnings per share increased 46% to 12.9 cents. Executive chairman Jeff Chatfield said: ""Avation is pleased to report significant year on year increases in revenue, profit and operating cashflow in the half year to 31 December 2016. "Fleet metrics have continued to improve as the fleet has grown, with the weighted average age of the aircraft decreasing to 2.8 years and the weighted average remaining lease term increasing to 7.8 years. "Avation's strategy seeks to maintain a low average age of the fleet, lowering risk by maximising the long term earning potential of fleet assets. "As at 31 December 2016 the value of the Company's jet fleet now exceeds that of the turboprop fleet. "In addition to these satisfactory financial results Avation has grown the aircraft fleet, managed overhead costs and improved fleet metrics to position the Company well for the second half of the financial year."
broadwood
16/2/2017
07:25
Fantastic set of results and update. Let the auction begin!
dhlindy1
15/2/2017
21:01
Hoping for some good news tomorrow with hopefully a bit of an update on what is happening with the sale of those aeroplanes.
mrx001
07/2/2017
15:49
Fairly innocuous announcement which seems to have led to a bit of a price spike.
ragehammer
07/2/2017
15:36
FIRST HALF 2017 RESULTS AND INVESTOR UPDATE CALL Avation PLC (LSE: AVAP), the commercial passenger aircraft leasing company will host a conference call on 16 February 2017 at 1pm GMT (UK), 8am EST (USA), 9pm SGT (Singapore) to discuss the Company's first half financial results for 2017.
broadwood
07/2/2017
04:35
it would be good if deal does not happen for atrs pe of 6 others in sector pe 10
dilip40
02/2/2017
19:37
c. 180k shares declared as traded this week during the price, assuming (buy+sell) via MM. So, lack of volume just suggesting inactivity, and no leakage of information. During such periods of waiting, it's normal for people to sell due to impatience. Of course the longer nothing significant is announced, the higher the odd of no significant announcement, and simply business as usual.
briangeeee
02/2/2017
15:35
Yes no updates for ages and the shares seem heavy now, I am guessing the deal is not going to happen which I guess solves the problem of what to do with the proceeds
catsick
02/2/2017
13:56
The price seems to be ebbing away with no update on progress on the ATR deal. It's now two and a half months since the last update, the AGM Statement on 15 November when they advised that the "timing for the receipt of proposals is before the end of the calendar year". I presume that the lack of news means that a deal is still being negotiated, but the share price movement of the last few days suggests pessimism.
ragehammer
30/1/2017
12:26
Being really thick.How much was this Novus mezz facility. $30m.What was the rate. 11%
russman
09/1/2017
16:56
Doesn't that depend how long one is holding them for and why?
mrx001
08/1/2017
03:56
Having had a nice semi re-rate of the stock I thought I would take a look at the bonds again, they were trading at 90 cents earlier in the year giving a nice 10pct yield, however 1.01 was the best I could get an offer at and given they are callable next yearthat equates now to only 6.5 pct yield, I would imagine if they do sell the atr fleet then calling this bond in 2018 will make a lot of sense given it represents pretty expensive funding, to me paying this back would make more sense than a large special div , I think keeping the special div down to say 20p is probably the smartest move if this trade goes ahead ...
catsick
Chat Pages: 112  111  110  109  108  107  106  105  104  103  102  101  Older
Your Recent History
LSE
GKP
Gulf Keyst..
LSE
QPP
Quindell
FTSE
UKX
FTSE 100
LSE
IOF
Iofina
FX
GBPUSD
UK Sterlin..
Stocks you've viewed will appear in this box, letting you easily return to quotes you've seen previously.

Register now to create your own custom streaming stock watchlist.

By accessing the services available at ADVFN you are agreeing to be bound by ADVFN's Terms & Conditions

P:41 V: D:20170225 11:40:13