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AVAP Avation Plc

114.00
0.00 (0.00%)
28 Mar 2024 - Closed
Delayed by 15 minutes
Share Name Share Symbol Market Type Share ISIN Share Description
Avation Plc 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
  0.00 0.00% 114.00 112.00 116.00 114.00 114.00 114.00 31,815 08:00:00
Industry Sector Turnover Profit EPS - Basic PE Ratio Market Cap
Equip Rental & Leasing, Nec 91.86M 12.19M 0.1720 6.63 80.78M
Avation Plc is listed in the Equip Rental & Leasing sector of the London Stock Exchange with ticker AVAP. The last closing price for Avation was 114p. Over the last year, Avation shares have traded in a share price range of 97.50p to 174.50p.

Avation currently has 70,863,124 shares in issue. The market capitalisation of Avation is £80.78 million. Avation has a price to earnings ratio (PE ratio) of 6.63.

Avation Share Discussion Threads

Showing 2476 to 2499 of 3775 messages
Chat Pages: Latest  103  102  101  100  99  98  97  96  95  94  93  92  Older
DateSubjectAuthorDiscuss
30/5/2016
14:09
Every stick investment is a risk. Here they have mitigates it as much as possible with high demand low supply planes (Atr) and fixed the rates on all contracts written . They've massively diversified the customer base ( from where they began) and have access to cheaper finance . As you say we all know the risks but the prices paid by competitors for similar businesses suggest with next year numbers becoming clearer something needs to change . There will no doubt be bumps along the road but this company has come a long way very quickly .
buffetteer
30/5/2016
13:44
I spent the weekend looking at this stock as it's come up on a couple of contrarian screens and I came to a couple of conclusions:

-this year's earnings have been depressed because the company has taken on debt in anticipation of increasing leasing revenues and there's a lag effect. This is no different to increasing capex to increase sales, except with, say a manufacturing co., this has a bigger impact in cashflow statement (which is not so visible) than the P&L;

-this is a sector with good short term prospects as many banks have cut back or altogether stopped aircraft leasing;

-this should be valued as a % to book and not p/e as it has the earnings profile of a financial institution;

-current valuation assumes it makes more no more than a 10-12% RoE (which is roughly what is made last year) and not the anticipated near 20% next year;

-this is a risky business: credit risk (the company is still on the road to diversifying it's clients and one going under could seriously impair the equity value of the company); dependency on buoyant capital market conditions; and ability to get decent value for the planes. THE PROBLEM IS THAT THESE RISKS TEND TO HAPPEN ALL AT THE SAME TIME!;

-the history of alternative finance companies as listed entities is poor and, therefore, it never pays to hang around too long if you make money, which might explain why it trades so cheaply. The ones that come to mind are HomeBuy, Versailles etc.

woozle1
30/5/2016
12:07
Last day of May - Can Jeff land a Vietjet.Cabin crew please take your seats.
russman
14/5/2016
07:55
Going through possible debt financing solutions.
The usual banks with leasing arms.
PK AirFinance (part of GE Capital)
Export Development Canada

russman
13/5/2016
11:00
No I dont understand.600 shares @ 110p into Treasury.
russman
12/5/2016
04:05
The special resolution to re-register CLA as a Ltd was approved on Monday.AVA own 99.6%The tail is wagging the dog.
russman
11/5/2016
10:39
I am impressed = Blue Chip investor.All Jeff needs to do is buy me out of CLA.Why not offer me AVAP shares.Kills two parrots with 1 stone.
russman
11/5/2016
09:45
So Prudential/M&G are the new institution who took the 4.2m treasury shares. Pretty solid blue chip institution to have on board.
ragehammer
11/5/2016
06:10
Just found this one too:
Richard doing his normal spiel last week but this is the best one yet.

carcosa
10/5/2016
06:57
I think £1.38 is about breakeven for the company on these - they bought most of them last year at £1.40 and the rest a bit cheaper I think. A few £m in the coffers and hopefully a new II - must be generally good news I would have thought - as you say will be interesting to see who it is.
harrogate
10/5/2016
06:41
New/Existing Institution takes 7.5% holding by taking all treasury shares. Been planned since late 2015 Who is it? Guess have to wait for the announcement....
carcosa
09/5/2016
06:46
I like Sarah.
Missed it Richard "financing exponential growth"?
Talk us through AVAP's bond programme.

russman
08/5/2016
03:47
Avation interview on Proactive Investors: This time Russ Hubbard (head of aircraft trading) makes an appearance. About time he did some profitable sales!

Wrt the 'monthly metrics' RNS's, I don't see the point in them; perhaps some institutional shareholders have asked for it(?) Last one sounded more like marketing leaflet.

carcosa
04/5/2016
09:40
Nothing wrong with having an Investor Relations manager.
Next time you see Richard ask him to clarify a few basic calcs. in his PowerPoint presentation.

russman
04/5/2016
09:15
Russman - Richard seems more like the investor relations/stock promotion person. At least he is at all these shows etc to promote the shares
trytotakeiteasy
03/5/2016
12:23
I believe Richard was FD @ CLA. It was not beneficial for corporate governance or admin costs.Not sure what the point of todays statement?Chinese, Vietjet, ATR...
russman
03/5/2016
11:26
do we need a monthly update of Avation telling us how great they think they are? A quarterly update surely suffices??
trytotakeiteasy
03/5/2016
08:17
In the original Vietjet announcement in Dec 15 the first delivery was slated for May so I am hoping that the May delivery is the first Vietjet. I think confirmation that this deal is proceeding would be positive for the share price.
harrogate
03/5/2016
07:51
Another operational update:

Seems like we can expect these on a monthly basis.

We know that there are 9+27 ATR72-600's to come so that leaves 6 aircraft which are most likely the 4+1 Vietjet aircraft and one other(?). I find it comforting to know Avation are mentioning these aircraft in a roundabout sort of way as it infers the discussions are ongoing... and hopefully will be announced sooner than later. That will add increase the fleet value by 40-50%

The appraised value of $705.7m is about $50m higher than my estimated book value so hopefully when/if they sell those old Airbus's it will be at a profit to book value...being a bit optimistic here.

Who is getting the next aircraft this month? I thought all the Flybe aircraft had been delivered?

Having FD not on the main board is good governance and not in the least bit unusual. hxxps://www.ifac.org/global-knowledge-gateway/finance-leadership-development/discussion/should-cfo-be-board-member Apart from which it may reduce Admin costs.

carcosa
02/5/2016
18:22
A leasing company & the FD is not on the main board.
russman
02/5/2016
11:43
Richard Wolanski's presentation at Master Investor:
carcosa
02/5/2016
08:47
This is the same management team that destroyed CLA in 10 years.
russman
01/5/2016
08:37
Interesting threads.
I think Avap is cheap because it has not achieved expected earnings over last year or so - the loss on sale on an aircraft in 2015 results were unexpected as was the cost of the loan interest...which will still continue this half I suspect. Next year however we should see all the benefits of the leased planes generating 70%+ more revenue than last year and earnings hitting 46c . Remember this company is only 10 years old and have achieved $100 m revenue in that time is pretty good . A canny management team who will trade planes for profit , have a large shareholding to mirror our aims should see us right imho.

buffetteer
30/4/2016
06:27
Maybe the Vietjet mandate is like the Chinese deal - yet to get off the ground.
russman
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