We could not find any results for:
Make sure your spelling is correct or try broadening your search.
Register for real-time alerts, custom portfolio, and market movers
| Share Name | Share Symbol | Market | Stock Type |
|---|---|---|---|
| Gama Aviation Plc | GMAA | London | Ordinary Share |
| Price Change | Price Change % | Share Price | Last Trade
|
|
|---|---|---|---|---|
| 1.50 | 1.56% | 97.50 | 08:00:27 |
| Open Price | Low Price | High Price | Close Price | Previous Close |
|---|---|---|---|---|
| 97.50 | 97.50 | 97.50 | 97.50 | 96.00 |
| Industry Sector |
|---|
| INDUSTRIAL TRANSPORTATION |
| Top Posts |
|---|
Posted at 29/4/2024 16:12 by davebowler European Union (Withdrawal) Act 2018.Gama Aviation Plc (AIM: GMAA) ("Gama Aviation" or the "Company" or "Group") Proposed return of up to £32.6 million to Shareholders by way of a tender offer, Cancellation of admission of Ordinary Shares to trading on AIM and Notice of General Meeting Introduction Further to the Company's announcement on 1 March 2024, Gama Aviation is today announcing that a circular (the "Circular") will be sent to Shareholders later today detailing the following Resolutions to be considered at a General Meeting scheduled for 2.00 p.m. on 15 May 2024: · by way of an ordinary resolution, the proposed return of up to £32.6 million to Shareholders by way of a tender offer at 95 pence per Ordinary Share capable of acceptance by all Eligible Shareholders in full; and · by way of a special resolution, the cancellation of admission of Ordinary Shares to trading on AIM. The Circular also contains details of how Eligible Shareholders can elect to tender some or all of their Ordinary Shares. The Circular sets out the background and terms of the Tender Offer and incorporates a notice of a General Meeting. A Proxy Form and Tender Form for use by Shareholders who hold their Ordinary Shares in certificated form in connection with the General Meeting and Tender Offer, respectively, are also being despatched with the Circular. A copy of the Circular will be made available for inspection in the investor relations section of the Company's website: hxxps://www.gamaavia Shareholders representing in aggregate 79.6 per cent. of the current issued share capital have given Irrevocable Undertakings to exercise the voting rights attaching to such Ordinary Shares in favour of the Resolutions as further detailed below. Accordingly, the Resolutions are expected to be passed at the General Meeting. The last day of dealings in the Ordinary Shares on AIM is expected to be 30 May 2024. |
Posted at 05/4/2022 17:39 by george stobart anyone buying into this following the takeovers/delisting of John Menzies and Air Partners?seems like an obvious target for their chinese main investor to take them out on the cheap |
Posted at 03/3/2020 13:27 by rivaldo Looks like good news. To get $33m for the 24.5% stake in Gama Signature reflect well against the now £36m m/cap.WH Ireland interestingly say this morning that the disposal will be earnings-enhancing going forward. And that's against their previous forecasts of 12.6c EPS for last year and 13c EPS this year. Also anecdotally I've been reading that the coronavirus alert has strongly benefited private aviation, for obvious reasons. WH Ireland conclude today: "WHI view: We view this move as strategically very sensible for Gama given its minority ownership in a business that we forecast would have generated EBIT of $4m in FY 2020E for the group and that is set to bring in cash of c.80% of Gama’s current market capitalisation over the next four years. The group retains its higher margin US Ground business, which illustrated strong growth at the time of the interims in September. We will review our PBT/EPS expectations to take account of this transaction at the time of the FY 2019E full year results (WHI est.FY 2019E PBT $10.0m, EPS 12.6c, FY 2020E PBT $10.5m, EPS 13.0c), whilst noting that this transaction should give investors confidence in the underlying value across the wider group." |
Posted at 17/10/2019 15:01 by rivaldo Not used to a blue colour next to GMAA :o))I did notice good news re GMAA's partner Wheels Up - raising such a large amount for expansion should be good for GMAA (who get a mention here): "Wheels Up: $128 Million Funding, Over $1.1 Billion Valuation, And 6,000 Members Wheels Up — a membership-based private aviation company — recently announced it raised $128 million in Class D equity capital. Funds managed by Franklin Templeton co-led the round with funds and accounts advised by T. Rowe Price and Fidelity Management & Research along with other institutional and private investors. The post-money enterprise valuation of Wheels Up is now more than $1.1 billion. And this round of funding comes on the heels of Wheels Up’s recent acquisition of Travel Management Company, which closed a few months ago. Wheels Up founder and CEO Kenny Dichter pointed out that this round of funding will be used for a number of business initiatives such as additional potential acquisitions, the acceleration of membership growth through further investment in sales and marketing, and significant scaling of the company&CloseCurlyQu Wheels Up significantly reduces the upfront costs to fly privately while providing unparalleled safety, service, flexibility, and quality. And Wheels Up offers a total private aviation solution for its user base of more than 6,000 members across North America through three unique membership options—Connec etc" |
Posted at 31/7/2019 10:07 by rivaldo Downing Strategic's quarterly investor letter to 30/6/19 (so issued before the latest in-line trading update) has some interesting reflections on GMAA. This is the conclusion:"The results themselves, restatements and missed expectations aside, show some promising signs of growth in parts of the Management business (8% fleet growth in US and Europe, and doubling in Asia). The key is really to get scale in these businesses and to see the operational gearing start to come through. It’s a tough market but we think that there is a compelling business opportunity to scale up in Asia particularly, and the Hutchison relationship could help that. Over the long term, we still think consolidation is viable. There have been strategic changes in the Maintenance business, such as moving to Bournemouth and investment in new US facilities, both of which sound like the right long term moves but which bear the restructuring costs and operating cost investment through the P&L in the nearer term. We think that the Maintenance proposition is a good one, bolstered by some very material special missions’ contracts. Gama has been winning contracts recently – two new ones total over $100 million over the life of the contracts. Elsewhere, cash generation was negatively affected by a large working capital outflow, but we expect the debtors portion to reverse as debts are collected against a few larger customers. The balance is reflective of investment for growth, particularly inventories in new maintenance locations. 2019 will be a year of transition and rebasing of financials, as clearly some of the reporting practices of the past were not prudent. The half year results should give a better indication of what the business is really capable of, alongside, we hope, confirmation from the new chairman of the strategic plan. In our view, there remain real opportunities to improve margins and cash generation across the business. M&A activity in the sector remains buoyant and multiples are generous for businesses with scale. This gives us confidence in the strategic value of the group as a fall-back valuation. The de-geared balance sheet and Hutchison’s interest provide comfort while the business transitions." |
Posted at 07/5/2019 08:52 by shiv1986 ADVFN is hosting an investor event for a firm within Industrial Transportation; Avation plc, on the 21st May to find out about their future prospects.Sign up to attend this event: |
Posted at 03/5/2019 09:41 by rivaldo Extracts FYI from today's Downing Microcap Investment Trust results RNS:"Simon To of Gama has a big job ahead of him. He promises appropriate governance, controls and integrity - attributes that the board has been desperately lacking given the calamitous last 12 months. We lend him support in the challenges that inevitably lie ahead for Gama, as it begins its recovery." "Progress against investment case Post the fundraise last year, the business has hit several stumbling blocks. Capital has not been deployed as expected and the appointment of a strong new FD has uncovered some questionable financial reporting practices. Unfortunately, we underestimated the ability of the board to impose the expected checks and balances on a business of this size and complexity. Despite the disappointing governance, the business does continue to perform respectably well which demonstrates the viability of the model. In December, the company announced that between £93.5 million and £115.5 million of contracts had been awarded to support special missions' operations. We have confidence that with the correct governance in place this is a viable business which can be turned around and generate a healthy return for our investors. We are working hard to ensure that an equitable governance structure is put in place that will represent all minority shareholders." |
Posted at 02/5/2019 13:29 by multibagger GMAA has more problems than Boeings ill fated MCAS - the nose is pointed firmly downwards (from a private investor perspective).Good that I woke to the jam tomorrow and bs from the management team a few years ago and bailed out completely. |
Posted at 28/4/2019 23:54 by rivaldo Comments from the CEO about Hutchison's share buying....."Hutchinson Whampoa increasing stake in Gama Aviation By Alasdair Whyte April 26, 2019 15:29 Gama Aviation has agreed to let Hutchison Whampoa China increase its stake in the business aviation company to 30%. Hutchinson, a division of Hong Kong conglomerate CK Hutchison Holdings, took a 24.9% stake in Gama Aviation in 2018. “The main rationale is that Hutchinson think our stock is pretty cheap at the moment, have faith in the business and want to increase their stake,” says Marwan Khalek, CEO and founder of Gama Aviation. Shares in Gama Aviation were trading at £208.50 at the end of April 2018. They were at £69.5 on Tuesday April 23 this year rising to £93.50 on Friday April 26 – possibly boosted by the Hutchinson announcement. “We have made some mistakes – including missing guidance, which is a cardinal sin, and we are paying the price for that – but we are still a profitable, cash generative business with a strong strategy,” says Khalek. Hutchinson become an anchor investor in Gama in February 2018 when Gama raised £48 million ($67 million) in a share issue. The Hong Kong group bought 21% of the company. At the same time Gama used $19.8 million of the issue’s proceeds to acquire Hutchison’s Hong Kong aviation interests: its 50% stake in a joint venture with the business operator — Gama Aviation Hutchison Holdings — and Hutchinson’s 20% stake in maintenance company China Aircraft Services Limited (“CASL”) At the start of April, Gama appointed Simon To as non-executive chairman. To is managing director of Hutchison Whampoa (China) Limited and chairman of Hutchison China Meditech a biopharmaceutical company listed on the AIM and Nasdaq with a market capitalisation of around £3 billion. He, was already a non-executive director of Gama, has also served on the boards of China Southern and Air China. He has been vice chairman of maintenance company GAMECO since 1989 and is chairman of China Aircraft Services Limited, in which Gama Aviation has a 20% shareholding." |
Posted at 14/3/2019 08:32 by rivaldo GMAA seem determined to make things worse before they get better :o))Last night's RNS was a bit of puzzler. It looks like they're kitchen sinking everything into last year's results to have a clean slate going forward, which seems eminently sensible, if fatal for the share price. The detail is rather confusing. For example, is the $2.8m figure of additional costs mentioned last night actually a reduction from the $3m reduction stated in the 24th January update? If GMAA can actually deliver, as they have stated, a similar core performance in 2019 to that in 2018, then this share price is very good value. It's encouraging that GMAA have again noted that the 2019 outlook remains in line with expectations - and that as you'd expect given the historic Balance Sheet the company remains well funded. But until the H1'19 trading statement/figures are out it'll be difficult to find many investors who will trust them. |
It looks like you are not logged in. Click the button below to log in and keep track of your recent history.
Support: +44 (0) 203 8794 460 | support@advfn.com
By accessing the services available at ADVFN you are agreeing to be bound by ADVFN's Terms & Conditions
Hot Features
Premium
