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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 |
Date | Subject | Author | Discuss |
---|---|---|---|
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 | 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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