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Real-Time news about Capital Lease (London Stock Exchange): 0 recent articles
|davydoo: so bye bye CLA
Your share price never made sense, but you gave me my first lesson of thorough investigative share analysis.
Thank you for giving me the buy of my life when I bought AVAP for less than the value of its 51% holding in CLA.|
|harrogate: The maths are based on the amount of AVAP shares they are swapping for 2,500,000 CLA shares. Based on an AVAP share price of £1.32 it works out at 20p value for each CLA share. They are doing it since I am sure they want to buy all CLA. At 20p it is earnings and NAV value enhancing and if they can do the lot it will be a great bit of tidying up|
|harrogate: That AVAP purchase seems to equate to 20p a CLA share so maybe there is a bit of value here. If I held I would be on the phone to Jeff at AVAP and asking him to buy mine at 20p in AVAP shares !!|
|envirovision: Not helped the share price one jot|
|envirovision: Lets hope its part of an overhang currently holding the share price down.|
|davydoo: Following AVAP growth and recent share price rises, their share in CLA is equivalent to less than 15% of their market cap now. Or put another way, buying what they dont own is less than 10% of their current market cap.
Time to take it out Jeff.|
|davydoo: Good summary dasv.
I presume the 10% you refer to was from Oceanwood by issuing AVAP shares.
I was holding CLA (for the same reasons you have now) when Oceanwood first bought in. I felt vindicated in my analysis, but little happened to the share price. I presume Oceanwood's return has come from the AVAP shares it has now and not its time in CLA.
I used to envisage an over the barrel conversation 'take the AVAP shares, thats where the growth will be, and this purchase will enhance AVAP eps, which you will then hold'
I agree 1b is the best solution, but i think their is a third factor. The more succesful AVAP's share price is (nb not business performance) the more compelling the case to use its shares to buy CLA stock.
This is becoming more and more attractive to me again, particularly as i have less time to trade now, and need to know i can just sit and wait on some investments.|
|davydoo: thanks dasv, just had a look back at a few myself, interesting to read back what i thought then.
This one stood out:
11 Oct'10 - 15:52 - 118 of 280 0 0 edit
I realised over the weekend that the AVAP price is now 5x the CLA price. A year ago it was about half the CLA price. Thats a 10x difference in investment performance
e.g. a £1000 CLA investment is now £250
a £1000 AVAP investment is now £2500
How amazing is that for two such similar companies?
We know the reasons, previously unrealistic CLA price, AVAP taking on the A320 lease and AVAP moving to LSE from PLUS, but my conviction to keep moving from AVAP to CLA is very strong now.|
|davydoo: Russman CLA are AVAP, it's not about their support or not.
This is both good and bad, the bad bit being any decent deal (like ARAN with Virgin) is better done within AVAP with 100% return not CLA with 60% return.
Dasv if you have time might be worth reading back through the old posts on this board, and the old AVAP board when they were plus listed. Both boards have been quiet and rarely attracted the usual ramping crowd. I frequently made comparisons between comparative valuations. My analysis may not be great but it's what I thought at the time, and it's harder to compare with hindsight.
Hard to believe but AVAP used to be valued at less than its share of CLA, I went all in on AVAP then. It did well, but reality was CLA was overvalued and fell from 60p to about 15p and has stayed there ever since.
I wouldn't rely on WHI forecasts they've been shocking, and early broker notes which I don't think are on the website now used to set ridiculous share price targets.
Also I would not describe CLA as having a yield, think it only paid one dividend once.
Glad to see your interest and analysis good for holders and potential holders alike.|
|wednesday6: The more I read the more I like, market cap barely changed in last 3 yrs, eps steadily rising but share price only 1.75p higher than 2011.
I think 2014 will be a good year for aviation companies and cla is certainly ready for a rerate.
a steady amount of buys over last couple of months but no rise? hopefully this will change after next set of results in February,
what do you make the nav value at moment?|
Capital Lease Aviation share price data is direct from the London Stock Exchange