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| Share Name | Share Symbol | Market | Stock Type |
|---|---|---|---|
| Gama Aviation Plc | GMAA | London | Ordinary Share |
| Price Change | Price Change % | Share Price | Last Trade
|
|
|---|---|---|---|---|
| 0.00 | 0.00% | 93.00 | 08:00:20 |
| Open Price | Low Price | High Price | Close Price | Previous Close |
|---|---|---|---|---|
| 93.00 | 92.75 | 93.00 | 93.00 | 93.00 |
| Industry Sector |
|---|
| INDUSTRIAL TRANSPORTATION |
| Announcement Date | Type | Currency | Dividend Amount | Ex Date | Record Date | Payment Date |
|---|---|---|---|---|---|---|
| 24/04/2019 | Final | GBP | 0.02 | 04/07/2019 | 05/07/2019 | 25/07/2019 |
| Top Posts |
|---|
Posted at 04/3/2024 12:31 by rivaldo So the Tender Offer at 95p has been increased such that if all the Tender shares were taken up, MK and Bermesico would own all the remaining shares.And even if some shareholders don't accept, it's likely that there will be such a small rump of shares left that GMAA will delist. It's essentially a takeover by MK. Looks like I'll be accepting then! A better return than I expected a few months ago, but GMAA's been a serial disappointer, so perhaps it's for the best. |
Posted at 22/2/2024 14:30 by rivaldo An innovative new service from GMAA subsidiary Flyertech, no doubt hoping to get in on the ground floor with new clients: |
Posted at 19/2/2024 08:19 by rivaldo Harry, my post 1572 sums it up I think (the 55p special divi has been superceded by a more "phased" return of capital, the tender offer being the first stage).There's some really interesting coverage of the latest Air Ambulance acquisition here - and the closing comments imply more acquisitions are in view: Extracts: "It was a race against time. Gama Aviation had more than 60 separate transaction documents to finalise with a host of stakeholders in just a few hours. All part of its bid to acquire UK air ambulance provider Specialist Aviation Services before the business would be forced to cease operations. At risk were life-saving air ambulance services over London and the southeast of England. Without a last-minute deal, the emergency medical service (EMS) ambulance helicopters could have been grounded for weeks if not months" "The acquisition is designed to accelerate the growth of Gama’s Special Mission strategic business unit (SBU) and complements other recent contract wins, including the Welsh Air Ambulance contract. Gama also recently opened new international operations in the Middle East to augment its fixed-wing aircraft management and MRO services in the region." "“Long-term contracts that give you regular income and regular cash flow for a long time is very welcome,” he said. “Obviously, that’s provided by government work and special missions work as opposed to the ad hoc nature of the rest of business aviation.” "Netted about $100m So, what next for Gama Aviation? The company is always open to promising business opportunities, according to Khalek. And, after the sale last autumn of its US MRO business Jet East, it has the means to invest. Gama acquired the business for about $12m and injected up to $20m of debt. It sold the business for $131m and, after costs, netted about $100m. While non-compete clauses limit Gama’s short-term acquisition strategy in the US, the company remains hungry for new opportunities. “Debt markets are pretty horrible at the moment and pricing is not very nice,” Khalek told our CJI London conference. “So, we’ve taken the opportunity to use our funding to influence budgets more and look to other financing down the line.” It remains to be seen what, where and when Gama Aviation will be tempted to make its next acquisition." |
Posted at 18/2/2024 16:09 by harry the haddock Can someone explain to me in simple English what is happening - are we still getting the 55p a share special dividend for example? |
Posted at 01/2/2024 07:43 by rivaldo Big news late last night - GMAA are scaling up their helicopter special mission division.They've paid just £280k to administrators for a forecast £27m of turnover in acquiring Specialist Aviation: Of course there are added wrinkles. Transaction costs etc will take the total cost to £3m, and there are lease obligations on helicopters and property to take on. Nevertheless, this could be an absolute bargain price given the likely synergies and cost savings etc, with H2'24 and onwards likely benefiting nicely. |
Posted at 12/1/2024 12:02 by rivaldo Interesting new analysis....Extracts: "Quite honestly, I’m flabbergasted by the RemainCo’s incredibly low valuation. As I already mentioned, this is a business that in FY 2022 had sales of ~$167 million! Furthermore, I’m expecting the new strategy to deliver growing Operating Margins that will eventually reach ~10%. An assumption that values the entire company at less than 2 times Operating Profit - an exceptionally cheap price!" "Ultimately, given the low price and the strong balance sheet, I think this is one of the best investment setups I’ve seen for a long time. As such, I’m really looking forward to following the company’s recovery into 2024 and beyond." |
Posted at 08/1/2024 12:16 by rivaldo News that GMAA are in discussions with "a UK-based provider of helicopter emergency medical services ("HEMS") and aircraft repairs and maintenance services ("MRO".This quite a major acquisition coming with £24m of revenues, and would be nicely complementary to its existing air ambulance etc services: |
Posted at 02/11/2023 16:35 by liam1om Via a special dividend. Vote is tomorrow, which is already decided with 51% agreeing already. |
Posted at 12/6/2023 11:26 by rivaldo Last week's results were reasonably encouraging, and it seems that trading continues to slowly improve. Net debt is reducing and continues to do so during 2023.It's a broadly positive picture, with various positives and negatives and GMAA correcting the mistakes and over-indulgences of the past. The US is looking good, and the long-term Special Missions contract wins are especially encouraging. GMAA are still in my bottom drawer, but I'm more optimistic that there's more sensible strategy in place now. Meanwhile: "New hangar planned at Jersey Airport 4 days ago A new hangar could be built at Jersey Airport, on the site of the former cargo centre. The 60,000 sq ft (5,574 sq m) building, expected to take up to two years to complete subject to planning approval, is part of site regeneration plans. There will also be new facilities to transfer patients by air ambulance, aircraft servicing space and a terminal for people flying by private jet. Gama Aviation won the tender for the work, with Ports of Jersey. Matt Thomas, chief executive officer of Ports of Jersey, said the authority was "keen to develop opportunities to increase the island's visibility, attract inward investment and support local job growth". Marwan Khalek, founder and chief executive of Gama Aviation, said the firm was "delighted" to partner with Ports of Jersey "supporting the Government of Jersey's economic development objectives and preparing the way for the future of aviation". |
Posted at 22/2/2023 13:34 by rivaldo Great to see the Welsh Air Ambulance contract confirmation just now.The prior RNS named GMAA as preferred bidder, but I certainly had no idea it would be this big - £65m over 7 years. This provides guaranteed long-term income going forward, along with GMAA's various other contracts won in the last 2-3 years, including the £130m 5-year O&G contract commencing soon. Plus GMAA evidently has no problem financing the H2 investment to enable contract delivery. Everything's looking much more healthy: |
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