Share Name Share Symbol Market Type Share ISIN Share Description
Gama Aviation LSE:GMAA London Ordinary Share GB00B3ZP1526 ORD 1P
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  -10.00p -4.06% 236.50p 233.00p 240.00p 246.50p 236.50p 246.50p 5,695 16:14:41
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Industrial Transportation 203.0 19.3 38.1 6.2 101.68

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Date Time Title Posts
18/10/201707:59GAMA AVIATION : post-merger with Hangar 8976

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Gama Aviation (GMAA) Most Recent Trades

Trade Time Trade Price Trade Size Trade Value Trade Type
2017-10-20 14:59:51236.507881,863.62O
2017-10-20 13:13:58238.00350833.00O
2017-10-20 11:30:17242.50300727.50O
2017-10-20 11:30:07240.007401,776.00O
2017-10-20 09:35:28240.501,0212,455.51O
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Gama Aviation Daily Update: Gama Aviation is listed in the Industrial Transportation sector of the London Stock Exchange with ticker GMAA. The last closing price for Gama Aviation was 246.50p.
Gama Aviation has a 4 week average price of 236.50p and a 12 week average price of 229.50p.
The 1 year high share price is 265p while the 1 year low share price is currently 104p.
There are currently 42,994,442 shares in issue and the average daily traded volume is 40,630 shares. The market capitalisation of Gama Aviation is £101,681,855.33.
corrientes: What's with the share price having doubled in less than a year and is consolidating. Sounds wonderful, but some might say that its only recovered from a low of 125p when in fact it hit 350p as far back as 2014/15 and the company is now supposed to be in a better shape than it was then. Something's not right, though in fairness, the cap might show a different result.
rivaldo: Cheers paleje. Just to put the Times mention in context it's in regard to a Buy tip for the relatively new Downing Strategic Micro-Cap fund, which has made GMAA one of its largest initial investments on the basis of the positives mentioned. GMAA is 6.2% of the fund at present: Https:// The share price has doubled in less than a year. I suspect this is simply a consolidation phase. One more decent RNS may be enough to trigger a large further rise given the cheap fundamentals assuming no material sellers out there, or perhaps it'll simply be the next trading statement.
corrientes: Whilst this talk of good cash generation is mentioned in several places, normally the trigger for a share price rerate,its not happening here, and some say that if you delve into the figures,the free cash flow isn't really that great. Now who is right ? That, plus the recent legal issue seem to be the sticking points here. Maybe what it will take to get the share price moving, is for the next RNS to show a healthy unadulterated positive cash flow. Then again it could just be AIM, where you have to be flavour of the month to get any attention.
rivaldo: WH Ireland have issued a new note post the Capital Markets Day. They reiterate their Buy and 370p target price. They forecast 32.9c EPS this year, rising to 36c and 41.2c. That's around 24.3p EPS this year rising to 26.7p and 30.5p EPS. They comment as follows: "Capital Markets Day illustrates the platform built to support growth Gama Aviation is a global business aviation services provider. The Group yesterday held a Capital Markets Day at its Farnborough HQ, including its Air and Ground operation centres. The event provided the opportunity both to revisit the operations at first hand and to meet the wider global senior management teams. Key takeaways were: 1) the robust and scalable operational platform that has been built against what remains a highly fragmented market, 2) strength of the wider management team, 3) the growth opportunities in each of key geographies, including in special missions and through cross-selling, 4) the focus across the business on client delivery and 5) reinforcement of the regulatory environment in which the Group operates. Whilst the shares have performed well since the beginning of the year, we believe that the business is illustrating increasingly positive momentum, including improved cash generation as illustrated in recent interim results. We continue to see the valuation multiples ascribed as undemanding and we reiterate our Buy stance and 370p share price target. Gama’s HQ and core centre of operations in the UK is located at Farnborough Airport. In the Air division, this hosts the Group’s operations centre, international flight planning, charter operations, airworthiness and regulatory functions. Ground operations at the site include the Beechcraft authorised service facility, base maintenance and line maintenance capabilities. We believe that each geography has interesting areas from which to deliver growth: Europe - adding scale to the existing platform and expansion from what remains a predominantly UK centric business into mainland Europe, US – adding further scale from the established platform, leveraging the Signature network following the recent BBA merger and building on the single existing special missions’ contract in place, Asia – build scale from leveraging Hutchison Whampoa and CASL agreements and through acquisition and Middle East – build scale both through organic and acquisitive means, including taking advantage of regulatory changes in Saudi Arabia. Overall, we came away with the view that Gama has built a strong platform from which to grow in this highly fragmented market. Our forecasts imply that the shares trade on a FY 2017E PER of just 9.5x falling to 8.7x, which suggests a significant 40%+ discount to our basket of peers. As such, we reiterate our Buy recommendation and 370p share price target."
rivaldo: GMAA had an excellent H1'17, as evidenced by the rise in the share price since they were published. This despite the claims which were first made between Nov'16 and Feb'17. It seems that GMAA were able to operate extremely well without this being any kind of distraction. Given the bullish outlook, I suspect this will continue to be the case, especially judging by the tone of today's RNS.
rivaldo: Agreed. We've seen this before in GMAA, and it's just a case of being patient. The share price has doubled from the lows in less than a year, so there is bound to be a profit-taker or two. I'm confident that this re-rating will continue. As these results are absorbed by the institutions over the next few weeks we will hopefully see further buying.
rivaldo: New Buy tip for GMAA on Motley Fool: Http:// "Unilever plc isn’t the only growth giant that could fund your retirement Royston Wild | Wednesday, 6th September, 2017 I have long sung the praises of household goods leviathan Unilever (LSE: ULVR), its rich history of generating strong earnings growth, whatever the weather, making it one of the ultimate ‘peace of mind’ shares out there. But the Marmite maker and Persil producer isn’t the only stock that could deliver stonking returns long into the future. Indeed, Gama Aviation (LSE: GMAA) is another share I reckon you might be able to retire on. Plane brilliance The business aviation service provider has been a stellar performer in the year to date, its share price gaining 82% since the beginning of 2017 and soaring to 16-month highs above 250p just today, following the release of half-year numbers. The Farnborough-based company advised that revenues detonated 45% between January and June, to $291m, a result that powered underlying pre-tax profit 40% higher to $7m. Chief executive Marwan Khalek said: “The first half of 2017 has seen the group maintain the positive momentum generated through last year to deliver a good performance in line with our expectations… in all divisions and all regions we achieved strong revenue growth and encouraging improved margin performance.” The company saw US Air revenue rise 74% in the six-month period, and it advised that “the integration of the BBA aircraft management business into the US Air division is progressing well and benefitting from a buoyant US market.” Gama merged its aircraft management and charter business in the US with that of BBA Aviation back in January to create the country’s biggest aircraft management firm, a move that created significant cost benefits and expanded its global footprint. And at US Ground, Gama saw revenues shoot 19% higher in January-June thanks to the impact of new base openings last year and fresh contract wins. A strong North American marketplace was not the only cause to celebrate, however, with Gama noting that at Europe Air, “operational efficiency initiatives completed in 2016 have produced strong improvements in gross profit and EBITDA margins.” The flying ace also reported “modest revenue growth and improved profitability” at its Europe Ground. And elsewhere, Gama advised that Middle East Air and Ground had showed “encouraging growth” in the first half. Those seeking an immediate earnings explosion may well be disappointed — Gama is predicted to endure a 31% earnings drop in 2017. However, I remain convinced that next year’s predicted 9% bottom-line rebound should start a run of chunky profits advances. Despite hitting fresh share price summits on Wednesday, Gama boasts a forward P/E ratio of 10.2 times. And I reckon this is unmissable value given the company’s improving position in a growing market, helped by the impact of recent M&A activity."
rivaldo: Cheers fizzypop (and x54v) - here's a direct link. The P/E of 7.1 is ridiculous. Good to see WH Ireland reiterate their 370p target: Https:// "Shares in air services group Gama are looking cheap 06 September 2017, 13:09 Business jet services company Gama Aviation (GMAA:AIM) enjoys a 3% share price hike to 255p as its reveals a revenue increase of 45% to $291m in the six months to 30 June. A large part of this improvement is thanks to a revenue increase of around 74% in its US air services arm, reflecting the company’s game-changing management merger with part of BBA Aviation and the growth of the Wheels Up contract. The latter’s contract is a membership-based US private plane service which greatly reduces the cost of being able to fly in a private jet. CHEAP VALUATION Gama is trading on 7.1 times 2018’s forecast 36p earnings per share based on broker WH Ireland’s estimates. WH Ireland analyst John Cummings describes this valuation as undemanding and gives the company a buy recommendation with a 370p target price. STRATEGIC MOVES Gama chief executive Marwan Khalek says that as much as he values the Wheels Up contract ‘it was becoming a big part of the business’ and the deal with BBA helps ‘recalibrate’ the company’s offering. He adds that the deal helps to reduce concentration risk in the business as the deal with BBA not only offers coast to coast coverage of the lucrative US market, it may lead to cross-selling opportunities with BBA. Khalek admits not much of this has come through yet, although he expects cost savings to follow in due course. GENERATING CASH Another positive part of Gama’s results is the $5.1m reduction in net debt to $14.3m. Some of this, $4.2m, was due to the disposal of legacy aircraft but the business is also becoming more cash generative. The company’s pre-tax profit stood 40% higher at $7m. Underlying earnings per share is up 25% to just over $0.12."
rivaldo: Glawsiain, thx for the summary from ST's tip - I managed to obtain the whole thing as follows: "Poised for take off Aim-traded Gama Aviation (GMAA:250p), an operator of privately owned jet aircraft, has issued the robust trading statement I was expecting ahead of interim results due out on Thursday, 7 September 2017. I outlined the investment case just over a fortnight ago (‘Four small-cap plays’, 3 Jul 2017) when I noted the unwarranted undervaluation relative to peers even though the company is now producing growth across all segments. Yesterday’s trading updates did nothing to dispel my enthusiasm as it revealed that Gama’s fast-growing US aircraft management business continues to benefit from strong organic growth as well as the Landmark fleet joint venture with BBA Aviation (BBA:307p); its European air operation has extricated itself from some underperforming legacy contracts and is benefiting from cost savings and margin improvements; and its European ground services operation is seeing higher maintenance activity on the back of contract wins announced earlier this year, and a ‘modest pick-up’ in discretionary aircraft improvements and modifications spend. This suggests that analyst expectations of a 10 per cent rise in EPS to 33 cents this year look well founded and that the shares are likely to maintain their ascent to narrow the 40 per cent ratings discount with peers as highlighted by analyst John Cummins at broking house WH Ireland. Trading on just under 10 times EPS estimates of 26p using an average blended exchange rate of £1=US$1.28 for 2017, with net debt set to fall sharply this year, so offering scope for further earnings enhancing bolt-on acquisitions, and offering 20 per cent upside to my new target price range of 275p to 300p, I continue see decent upside here. It’s of interest too that Gama’s share price is pressurising the 250p level that acted as a major support level until May last year when it gave way. A break-out above this key resistance level is worth noting as it narrows the odds significantly of a run up to my aforementioned target price range. I would also flag up that my fair valuation is well below the 370p target price of house broker WH Ireland and could have scope for upgrades if the current momentum in the business continues. Buy."
rivaldo: Here's Simon Thompson's full tip (thanks mate) - he's increased his target price to a still conservative (imo) 275p-300p: "Gama shares in the ascent Aim-traded shares in Gama Aviation (GMAA:240p), an operator of privately owned jet aircraft, hit my 250p target price last week, having risen by 15 per cent since my full-year results call with finance director Kevin Godley and chief executive Marwan Khalek ('Five small-cap buys', 29 Mar 2017). I previously advised buying at the start of the year at 175p ('In the ascent', 23 Jan 2017), although this has proved to be a volatile holding and the price is now only back above the 225p level at which I initiated coverage, albeit it did subsequently hit a high of 380p in late 2014 ('Ready for take-off', 12 May 2014). That said, this year's share price recovery looks fully warranted. The company's robust pre-close trading update ahead of half-year results on Wednesday 19 July is highly supportive of adjusted EPS, rising by 10 per cent to 33¢ as forecast by analyst John Cummins at brokerage WH Ireland. Gama's fast-growing US aircraft management business continues to generate strong organic growth and is also benefiting from the Landmark fleet joint venture with BBA Aviation (BBA). Importantly, "right sizing" the company's European air business and exiting from underperforming contracts is paying off and this unit is on target to deliver modest growth. Modest growth is materialising from the European ground services business, too, underpinned by "increased maintenance activity from contract wins announced at the start of the year, as well as the return of some discretionary aircraft improvements and modifications spend". Importantly, the directors "are focused on building on the improvements in operating margins, working capital and cash conversion that we delivered in 2016". That's important for the company to achieve its target of halving net debt to a range $9m to $10m by the December year-end. It's also supportive of the progressive dividend policy, and further bolt-on acquisitions. Last year's acquisitions of FlyerTech and Aviation Beauport are on track to achieve their budgeted growth after posting strong first-quarter results, and "are working on enhancing cross-selling opportunities and new joint sales initiatives within Gama's European air and ground services divisions". Trading on 9.5 times forward earnings, representing a 40 per cent ratings discount to peers, and with another upbeat outlook statement likely later this month, I am upgrading my target price to a range between 275p and 300p to reflect the operational improvements being made and de-risking of earnings estimates. Buy."
Gama Aviation share price data is direct from the London Stock Exchange
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