Gama Aviation Share Discussion Threads

[czar] 03/1/2017 08:01

WH Ireland buy note with 340p price target.

[paleje] 03/1/2017 07:50

Yep I think you've covered it rivaldo, can't see a downside in fact it looks very positive and the cross selling opportunities could be substantial. Earnings neutral for a couple of years after which benefits.

[rivaldo] 03/1/2017 07:37

Exciting RNS this morning.....



Firstly, the trading update will be next Monday.

Secondly, we have the merger of GMAA's US aircraft management and charter business with that of BBA Aviation Plc.

It's initially earnings-neutral, but...

"This is before any benefit from cross selling of Gama Aviation's comprehensive maintenance services into the immediately enlarged fleet or the future growth opportunities expected to be derived from Gama Aviation Signature Aircraft Management's market-leading platform."

The partnership is 50/50, but GMAA seem to have got much the better deal since its operations contributed $4.3m PBT last year compared to BBA's $5.5m.

And for GMAA there's the kudos and enhanced reputation from partnering with the far bigger BBA in this way.

Finally, I also note from the BBA RNS that GMAA presumably won a bidding contest to become BBA's "suitable" partner, so further kudos to GMAA's management:



"BBA Aviation acquired its aircraft management and charter services business through the acquisition of Landmark Aviation, completed in February 2016, and which was placed into a trust until a suitable majority partner could be found to satisfy the requirements of the U.S. Department of Transportation's foreign ownership and control restrictions, which this transaction achieves."

[rivaldo] 28/12/2016 08:27

Cheers igoe. Good to see comments from the the Middle East MD noting that business in that region is picking up and that GMAA had a good late summer:

"The new building will come at an opportune time. After two years of an austere business environment, due to the slump in oil prices, Ringrose can see business starting to pick up......We’ve been on that plateau for 18 months and we’re just starting to lift out of it now.

“I think business is improving. Summer was less slow than summers usually are here. August is usually the quietest month of the year, as most owners disappear to other parts of the world, but we did particularly well.”

[igoe104] 24/12/2016 07:49

GAMA set to unveil major Sharjah plans.

[someuwin] 22/12/2016 11:45

Yup - good to see the recovery continue.

[rivaldo] 22/12/2016 11:43

Must be looking good now chart-wise having risen above those October high-points.

[twirl] 21/12/2016 16:09

IG now 130/40 25k/5k

[twirl] 21/12/2016 10:41

Seems a seller appeared IG 130/2 2500/7500

[someuwin] 21/12/2016 08:14

Can buy £2k but not £3k.

[rivaldo] 21/12/2016 08:04

An opening buy at 140p - way above the opening 135p published offer price.

Very keen, and looking very good.

[someuwin] 20/12/2016 15:55

Ticking up on small buys.

Any volume and this will rocket.

[czar] 20/12/2016 15:41

270p is only 10x, still cheap.

[rivaldo] 20/12/2016 15:29

Nice - 10,000 shares just bought at 136p, well above the published offer price.

If all goes well GMAA could be back above 200p - and then on to 250p-300p - in a rather quick timeframe.

[someuwin] 20/12/2016 14:29

Great buy for 2017 imoAviation isn't going out of fashion

[rivaldo] 20/12/2016 13:20

Good to see a buy just now at 129.5p, above the published 129p offer price.

[czar] 20/12/2016 12:48

Four stocks for 2017.

San Leon has to be my top pick with a bid of 80p already in the wings and a top fund holding over 50% means the bidder will have to up that to succeed.

Fox Marble, risky but so well underpinned with assets could easily be a 10 bagger.

Gama Aviation, a pe of 4x this has been sold down by a fund to a ridiculous level.

Stride Gaming, another stock that has continued to shoot the lights out but indiscriminate selling by a fund has taken them down to a silly level.

[colonel a] 20/12/2016 09:42

Shares issued for the sale of Beauport ?
Also once a share is showing losses people may want to crystallise those losses before tax year end - tax year matching calendar year is not uncommon for companies.

[twirl] 20/12/2016 09:30

Low risk appetite
Profit warning concerns over Europe
Illiquid stock
Buyers waiting for bargain

[czar] 20/12/2016 09:27

rivaldo if that is right they must report figures at or close to forecast, in which case this will re-rate significantly. larva the fear of a profits warning is unwarranted, the year end is so close they would have had to issue that warning by now unless its a small miss which would still be positive in my book.

So the question is why has this stock been sold down to these levels?

[rivaldo] 20/12/2016 09:12

Looks like there's still no stock around given the rise on small buy trades again.

In Cantor Fitzgerald's April'16 note on GMAA they lifted their EPS forecasts slightly based on adjusting their £/$ conversion rate to $1.45 from $1.50.

So overall it seems that there is a currency benefit if only on translation rather than operationally. The current £/$ rate of around $1.25 or so should result in a decent benefit to GMAA this year and next year.

[someuwin] 20/12/2016 09:10

Buy some - if you can get any.

[someuwin] 20/12/2016 09:01

Moving up again.