Advent Air Share Discussion Threads

[knowing] 16/5/2006 19:45

Nice buy went through today. Accomodating MMs ;-)

[knowing] 16/5/2006 16:44

Advent Air moves on Skywest shares
Tuesday May 16 20:02 AEST
Singapore-based Advent Air Ltd through its subsidiary CaptiveVision Capital Ltd is bidding to acquire the balance of the shares in West Australian airline Skywest Ltd that it does not already own.

Advent Air, though CaptiveVision Capital, already holds 60.34 per cent of Skywest and has now made an off-market offer for the balance.

It is offering 0.4171 Advent shares and 0.227 cash for each Skywest share held.

Advent said a major shareholder China Bridge Investment Pte Ltd, which holds 10.3 million shares, has indicated it will accept the offer unless a better deal materialised.




Another major shareholder, China Xpress Pte Ltd which holds 13.6 million shares, also said it would accept the offer.

Advent said the bidder's statement for Skywest would be served on Skywest and with the corporate watchdog, Australian Securities and Investment Commission, within two months.

Advent first made a takeover bid for Skywest in April of 2004, offering 20 cents cash.

The announcement came after the market was closed with Skywest shares down one cent to 27 cents.

[bigdunc] 16/5/2006 13:43

Very good, brings the forward P/E down to about 3.3, with access to tax losses to offset profits.

Shame the markets are weak

[hyper al] 16/5/2006 10:34

I am still watching.

Good deal.

[knowing] 16/5/2006 10:31

Acquisition

RNS Number:0336D
Advent Air Limited
16 May 2006





For immediate release


16 May 2006

Advent Air Limited

("Advent Air" or the "Company")


INTENTION TO OFFER FOR THE ORDINARY SHARES OF SKYWEST LTD


Advent Air Limited confirms its intention to offer, through a wholly owned
subsidiary, for the balance of the ordinary shares in Skywest Ltd and set out
below is the text of an announcement to be released on to the Australian Stock
Exchange:


"Advent Air Limited ('Advent') wishes to announce that it intends, through its
wholly owned subsidiary, CaptiveVision Capital Limited ('CVC') to make an
off-market offer ('Offer') for all the fully paid ordinary shares in Skywest
Limited ('Skywest') not currently held by CVC. CVC currently holds 63,095,000 of
the fully paid ordinary shares in Skywest representing 60.34%.


Advent is a company incorporated in Singapore with its shares traded on AIM on
the London Stock Exchange, with code AAIR.


Salient Terms of Offer

The salient terms of the Offer are summarised below:

Who is making Advent Air Limited is making the Offer through its wholly owned
the Offer subsidiary CaptiveVision Capital

Offer price Shareholders will be offered:
* 0.4171 Advent shares; and
* AUD $0.227 cash
for every one (1) fully paid ordinary share

Offer The Offer is conditional on the "prescribed occurrences" as set
Conditions out in Section 652C(1) and 652C(2) of the Corporations Act

Pre-Bid * China Bridge Investment Pte Ltd which holds 10,305,765 shares
Confirmations in Skywest has confirmed that in the absence of a higher offer,
it would be inclined to accept an offer from Advent or CVC on
the Offer terms; and

* China Xpress Pte Ltd which holds 13,671,429 shares in Skywest
has confirmed that in the absence of a higher offer, it would
be inclined to accept an offer from Advent or CVC on the Offer
terms.

Indicative Further information concerning the Offer will be contained in the
Timetable Bidder's Statement, which Advent expects will be served on Skywest
and lodged with the Australian Securities and Investment
Commission within two months.


"


ENDS


For more information please contact:



Jeff Chatfield, Chairman, Advent Air Ltd 07783 942 553
Roland Cornish, Beaumont Cornish Limited 0207 628 3396
Philip Haydin Slater, W H Ireland 0207 220 1690
Leesa Peters / Abigail Singleton , Conduit PR 0207 429 6666
[phone]




This information is provided by RNS
The company news service from the London Stock Exchange

EN
ACQEAESKFAAKEFE

[knowing] 15/5/2006 13:43

Result of EGM

RNS Number:9774C
Advent Air Limited
15 May 2006

15 May 2006


Advent Air Limited
("Advent Air" or the "Company")


Result of Extraordinary General Meeting
Placing of New and Existing Ordinary Shares


The Company is pleased to announce that all the resolutions to approve, inter
alia, an increase in the authorized share capital of the Company and authority
to allot new Ordinary Shares, were passed at the Extraordinary General Meeting
of the Company held earlier today.


Accordingly, the conditional placing of up to 65,366,523 additional new Ordinary
Shares (the "Conditional Placing") which was announced on 18 April 2006 has now
completed. Application will be made for the 65,366,523 Conditional Placing new
Ordinary Shares to be admitted to trading on AIM, which is expected to be
effective on Friday, 19 May 2006.


In addition, as previously announced on 18 April 2006, 9,169,360 existing
Ordinary Shares being placed on behalf of certain existing shareholders are to
be placed by the Company's broker W.H. Ireland Ltd on 19 May 2006.


On the admission to trading on AIM of the Conditional Placing new Ordinary
Shares, there will be 182,258,292 Ordinary Shares in issue in total.


The new Ordinary Shares will rank pari passu with the existing Ordinary Shares
in issue.


ENDS


For more information please contact:

[bigdunc] 15/5/2006 13:37

Market off accross the board, commodity firms taking the brunt..

[knowing] 12/5/2006 23:17

Good week. Steady rise. Lets see where we go from here.

[knowing] 12/5/2006 09:40

Couple more buyers about today.

[knowing] 11/5/2006 15:57

50K buy just reported. Few more please and then BLUE.

[knowing] 11/5/2006 12:24

11.81 and 37.5K with SG

[knowing] 11/5/2006 12:23

Nice late reported buy just shown.

[bigdunc] 11/5/2006 09:56

Im showing an NMS of 5000

[knowing] 11/5/2006 09:35

I see they cut the NMS this morning down to 37.5K

[knowing] 11/5/2006 08:58

Agree there. It has been steadily moving up and hopefully attracting investors and not traders. A string of positive news and more to follow I'm sure.

[bigdunc] 11/5/2006 08:55

Well its definatley a slow burner, pleasing to see it breeched its previous levels of c10.5p recently. All news so far has been in the right direction, new contracts, no debt, etc. The blue sky according to the initial report is the buy out of the minority of Skywest, giving the overall firm a PE of 3.3 and access to previous years losses.

There are of course stocks moving all around us, so it depends on your patience really...

[knowing] 11/5/2006 08:35

Morning Dunc any news or views ?

[knowing] 10/5/2006 15:49

Hope to see a drop off in oil prices which will seriously benefit AAIR's profitability.

[knowing] 10/5/2006 14:15

Few buyers out there. Could do with the press giving this one some coverage.

[knowing] 10/5/2006 08:03

Capacity increasing

April Operating Statistics

RNS Number:6945C
Advent Air Limited
10 May 2006


For immediate release


10 May 2006


Advent Air Limited

("Advent Air" or the "Company")

April Airline Passenger Operating Statistics


The following is a copy of the announcement made today by Skywest Ltd of its
operating statistics for the month ended 30 April 2006. Skywest Ltd is a
subsidiary of Advent Air Ltd.


"SUMMARY OF OPERATING STATISTICS

Passenger numbers for the month increased by 9.19% over the previous year.
Skywest traffic, measured by Revenue Passenger Kilometres (RPKs) increased by
5.80%, while capacity, measured by Available Seat Kilometres (ASKs) decreased by
1.06% over the same period. Load Factor increased by 3.80pts to 58.60% compared
to the previous year.

Month of April Financial year to date
2006 2005 Change 2005/6 2004/5 Change
Passengers Carried
('000s) 27 25 9.19% 258 244 5.36%
Revenue Passenger
Kilometres ('000s) 21,716 20,525 5.80% 211,435 201,100 5.14%
Available Seat
Kilometres ('000s) 37,056 37,453 -1.06% 376,273 351,621 7.01%
Load Factor % 58.60% 54.80% 3.80pts 56.19% 57.19% -1.0pts
Average Aircraft in
Fleet 7 7 - 7 7 -


Notes:

1. Monthly operating statistics are issued on a preliminary basis and are
subject to change. Any adjustments made will flow through to the year to date
results.

2. Passengers Carried refers to Regular Passenger Transport ("RPT") and
therefore excludes charter passengers.

3. RPKs refers to the number of paying passengers carried multiplied by the
number of kilometres flown.

4. ASKs refers to the number of seats available for sale to passengers
multiplied by the number of kilometres flown.

5. Load factor is RPKs divided by ASKs."


ENDS


For more information please contact:


Jeff Chatfield, Chairman, Advent Air Ltd 07783 942 553

Roland Cornish, Beaumont Cornish Limited 0207 628 3396

Philip Haydin Slater, W H Ireland 0207 220 1690

Leesa Peters / Abigail Singleton , Conduit PR 0207 429 6666
[phone]




This information is provided by RNS
The company news service from the London Stock Exchange

END

[bigdunc] 09/5/2006 14:58

Quiet day today in all my positions...

[knowing] 09/5/2006 13:58

Nice two way trade today.

Buys winning though ;-)

[knowing] 09/5/2006 12:37

With thanks to Ipollard on SC

ipollard
Administrator


Reged: 18/10/04
Posts: 2597
Loc: Athens Re: ADVENT AIR - AAIR [Re: donewell]
#360449 - 09/05/06 12:29 PM Edit Reply Quote



It was probably what you have already found yourself. I was just looking for the advantages and disadvantages to start off with.
I like the way that South West made no bones about its fuel surcharge - there they are quite open for all to see. Its latest traffic figures are good. It is intending to expand routes.

One interesting fact was its low bums on seats ratio - under 60% if I remember correctly. That means either they have overcapacity and cant fill the seats ( bad management)or they are going to be able to increase the load factor at virtually no extra cost. If the latter, then profits could really hum.

Against them is that they have a monopoly in some areas and are dependant on repeat licence renewals for being able to continue to serve those routes.

Expansion by serving mining areas in Australia is good business - captive customers who have to get to work in the outback and presumably are just as desparate to fly away from it, whenever they get the opportunity.

Also the plans to become a sort of mini regional airline in South East Asia look good.

These are just my scrambled recollections but now Ive got this far, I will try and do t job properly and get the facts and figures together.

Somehow it also seems to fit in to the sensible part of my portfolio - with ACHL and GOAL - and would help to counterbalance the oilies and diamonds.

It is in a niche market, an expanding market, in one of the worlds largest regions for economic expansion.

AAIR has 60% of the airline, as its major investment but I did not look closely at its other interests.

And the p/e ratio is amazingly low.