Advent Air Share Discussion Threads

[bigdunc] 17/8/2006 14:21

It often has blue, so far rarely holds it...

[risktaker35] 17/8/2006 14:08

is this blue i see b4 me?

[knowing] 15/8/2006 09:40

Skywest Offer Update

RNS Number:6663H
Advent Air Limited
15 August 2006



For immediate release via RNS

15 August 2006

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

Offer successful for Skywest Ltd


The directors of Advent Air Ltd ("Advent") are pleased to announce that on 15
August 2006 the Offer made by CaptiveVision Capital Limited ("CVC"), a wholly
owned subsidiary of Advent, has been successful. Advent Air (through CVC) has
now achieved ownership and/or acceptances in respect of over 90% of the issued
shares in Skywest Ltd.


Advent Air intends to exercise its rights to compulsorily acquire any remaining
balance of shares to increase its interest in Skywest to 100% following the
procedures available to it under the Corporations Act 2001 (Commonwealth of
Australia). The required notices will be dispatched to the remaining Skywest
shareholders promptly following the close of the offer at 5pm on the 22nd of
August.


At the conclusion of the compulsory acquisition process Skywest Ltd will be a
wholly owned subsidiary of Advent Air Ltd.



Jeff Chatfield, Chairman of Advent Air said:


"We are pleased that the minority shareholders of Skywest have accepted the
Offer. Owing 100% of Skywest Ltd will increase group net profits, simplify group
financial reporting and lower the governance costs, while providing greater
flexibility for the Company to continue to grow its business. The only listing
for the group will be in London on the AIM market."


About Skywest Airlines

Skywest is an award winning airline that has been meeting the needs of
Australian domestic and international tourist and business travellers for more
than 42 years. Skywest has flown millions of passengers throughout Western
Australia, to the Northern Territory of Australia, and to Indonesia. Skywest has
enjoyed high growth rates in revenue, profits and passenger numbers from 2004
when the Company became its dominant shareholder with a controlling interest.


Enquires:
Jeff Chatfield, Chairman, Advent Air Ltd [phone]
Roland Cornish, Beaumont Cornish Limited 0207 628 3396
Philip Haydn-Slater, W H Ireland Limited 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

[bigdunc] 28/7/2006 15:18

Oh Frank Frank, explain why. I know why its a buy/hold...

-Exclusive deals
-Profit making
-Cash Rich no debt
-Low P/E
-Good management

My good it looks a better prospect than BA, though with your logic i bet you thought BA looked poor value at 80p back in 2003!!!

[knowing] 28/7/2006 14:28

Frank Spencer - 28 Jul'06 - 10:12 - 255 of 256 (premium)


Good selling opp into this dcb imo.

LOL

[knowing] 28/7/2006 10:13

Yes fully agree with you Master trader

[frank spencer] 28/7/2006 10:12

Good selling opp into this dcb imo.

[knowing] 28/7/2006 10:11

Corporate Update

RNS Number:8843G
Advent Air Limited
28 July 2006


For immediate release 28 July 2006



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

Offer Terms Recommended, Deemed Fair and Reasonable
Corporate update



Takeover Offer for Skywest Ltd- Offer Terms Recommended, Deemed and Fair and
Reasonable


On 14 July 2006, Advent Air completed sending its Bidder's Statement regarding
its offer to acquire all of Skywest Ltd's ordinary shares not already held to
the shareholders of Skywest Ltd ("Skywest") (the "Offer").


The Board of Advent Air is pleased to announce that today the independent
directors of Skywest Ltd have unanimously recommended that Skywest shareholders
accept the Offer. The closing date of the Offer, unless it should be extended by
Advent Air, is 14 August 2006.


Under Australian takeover law an independent expert was appointed by the
independent directors of Skywest. The Board of the Company are today delighted
to announce that this expert has advised that the consideration proposed by
Advent Air in the offer is both fair and reasonable. Advent Air's offer
comprised consideration of AUD$0.227 in cash and 0.4171 of an Advent Air
ordinary share for each Skywest ordinary share.


Advent Air, through a wholly owned subsidiary, prior to the Offer owned a total
of 63,530,325 fully paid ordinary shares in Skywest representing 60.8% of
Skywest's issued share capital. Pursuant to the Offer the Company has announced
acceptances in respect of 73.8 per cent. of Skywest's issued share capital.
There are no options in issue in Skywest Ltd.


Skywest is listed on the Australian Stock Exchange (the "ASX") and Advent Air is
quoted on AIM. The disadvantages of maintaining Skywest's listing on the
Australian Stock Exchange ("ASX") include the additional regulatory and ASX
listing compliance costs, more complex financial reporting with multiple sets of
results and the existence of a minority interest which has limited the Company's
ability to fully consolidate Skywest's operations. Accordingly, once the
takeover Offer is completed, Advent Air intends to de-list Skywest from the ASX.


Summary Information on Skywest


Skywest has also made a number of recent operating announcements including:


* Record passenger numbers with year on year passenger numbers increasing
10.55% to 355,285 passengers in the year ended 30 June 2006.


* Record operating cash flows with receipts of cash from customers for the
year ended 30 June 2006 at AUD$97,563,000 an increase of 27.2% from
AUD$76,664,000 for the previous year ended 30 June 2005. Skywest has
previously announced to the ASX growing revenues of AUD$73.0m and AUD$50.7m
for the 12 month periods to 30 June 2005 and 30 June 2004 respectively. It
also announced revenues of AUD$36.7m for the six month period to 31 December
2005.


* Increases in its fuel levy on each ticket sold so as to offset any
increases in fuel costs.


* Skywest's 5 year exclusive license on certain air routes in Western
Australia commenced 1 January 2006. The exclusive license prevents
competitors flying to the relevant destinations.


Advent Air does not expect there will be any material changes to the operational
management of Skywest as a direct or indirect consequence of the Offer. The
terms and conditions of pilots, employees and managers are not anticipated to be
changed in any material way.


Distribution in kind of Avation PLC Ordinary Shares


In anticipation of the completion of the Skywest takeover, Advent Air has
distributed the shares it owns in Avation PLC ("Avation"), a media services
company, by way of interim dividend to Advent Air shareholders. It is expected
that Avation will be admitted to trading in due course on the PLUS market
(formerly called OFEX). Avation is a broadcasting services company with clients
throughout the world, with particular experience in deploying digital
broadcasting systems for TV broadcasters and Radio broadcasters. The Directors
of the Company believe that a media orientated company, such as Avation, was
better spun off as a separate entity rather than be combined with the Company's
core business. Avation is a growing business but is of modest size when
contrasted to substantial airline business owned by the Company.

Cash Interim Dividend Update


The Company recently announced its intention to pay an interim cash dividend
with a record date anticipated to coincide with the completion of its Skywest
Offer. A further announcement on the record date and payment dates will be made
in due course.


The audited results of Advent Air for the year ended 30 June 2006 are
anticipated to be released by the second week of October 2006, with an AGM to be
held later in November 2006. Any final dividend for the year, should it be
proposed by directors, will be announced and put to shareholders in the notice
of meeting for the AGM.


Enquires:



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

[frank spencer] 25/7/2006 13:41

The tone of the RNSs suggests the directors are trying, unsuccessfully, to ramp this as much as owing is.

[knowing] 25/7/2006 13:39

Passenger Tally

RNS Number:6948G
Advent Air Limited
25 July 2006


For immediate release 25 July 2006



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


Record Number of Passengers on Skywest for year ended June 2006


The following is the total numbers carried by Skywest Airlines Pty Ltd for the
period 1 July 2005-30 June 2006.


Regular Scheduled Charter Total Number
Transport Passengers Passengers of Passengers

315,982 39,303 355,285


The passenger tally of 355,285 includes all regular scheduled and charter
passengers carried by the airline for the period; the tally excludes any
non-revenue passengers. The total number of passengers carried has increased by
10.55% from the prior year and represents the highest ever number of passengers.


ENDS

[knowing] 21/7/2006 10:57

Skywest Offer Update

RNS Number:5515G
Advent Air Limited
21 July 2006




For immediate release 21 July 2006



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

Advent Air Ltd at 73.8% of Skywest


Advent Air announces receipt of the first acceptance to its offer made on the
14th of July 2006 to acquire all of Skywest Ltd's shares. The Company announced
today to the Australian Stock Exchange that it now has an interest comprising
73.8% of Skywest Ltd's shares.


ENDS

[wookey] 21/7/2006 08:25

It seems an unfortunate fact of life that before a share price plummets its BBS is filled with bone headed idiots acting the big guy by swearing at each other. Knock it off fellows.

[bigdunc] 20/7/2006 15:57

Irony.. isnt that what my mrs does to my shirts..

[bigdunc] 20/7/2006 15:43

One would say on autopilot as its of its lows, but not at ist highs over the last 6 months

[frank spencer] 20/7/2006 15:37

Can someone change the header to flying low please ?

[bigdunc] 20/7/2006 15:22

Its actually called Aviation plc, for every 10 shares you hold in AAIR you receive 1 in aviation, they will be listed on OFEX (now plus trading)

[pawsnjaws] 17/7/2006 16:14

Hi, Does anyone know anything more about the free shares. This is the first I have heard about it..

[bigdunc] 13/7/2006 09:01

Free shares in Aviation.net on the way

[bigdunc] 13/7/2006 09:00

Recent update...

On the trading front, Advent has recorded a strong increase in passenger numbers. The number of travellers for the month of May increased by 18.94% when compared to the same period in 2005. Revenue per passenger increased by 20.35% while capacity increased by 4.3%. For June, passenger numbers increased by 12.7%, traffic increased by 5.9% while capacity decreased by 1.11% when compared to the same period in 2005r. The company is delivering on its strategy as promised. Over the last seven months it has acquired significant new contract wins and launched new routes. Our initial note assumed the acquisition of the remaining stake in Skywest therefore our earnings numbers remain unchanged. We are forecasting turnover of 39.1 million pounds for the year to 30th June 2006, profits of 1.6 million pounds and earnings per share of 2.3p. This puts the stock on a ridiculously low PE of 4.1. The business generates strong cash flow and has most of the upside guaranteed through long term contracts. The cash on the balance sheet should enable the group to roll our a strategy of extending its routes and the number of flights. At 9.75p, the business makes an attractive investment - Buy.

[bigdunc] 11/7/2006 09:17

Bit like my ex..

[knowing] 11/7/2006 08:12

Nice stats