Advent Air Share Discussion Threads

[bigdunc] 09/11/2006 09:02

The Group depreciates Aircraft over a period of 6 years, which is conservative compared with the typical useable aircraft life of 20 to 25 years.

[adam] 09/11/2006 08:43

EBITDAR was £6m verses £25m m/cap, but depreciation is a big issue with an airline.
However looks reasonable value... the GE&CR tip seemed to be expecting 2.3p earnings for the Finals, but EPS was only 1p. That's a big difference. Was this on a different basis?

[Abuse team] 08/11/2006 18:52

Post removed by ADVFN

[nurdin] 08/11/2006 18:49

Problem is there are now 204m shares in issue..including warrants etc.I was very keen once but the management seem to have gone overboard with paper

[knowing] 08/11/2006 18:48

Very strong.

[qs9] 08/11/2006 18:45

AND these are including the minority interest....if anyone sees a new note can they post the details please? Broadly speaking though, £8m of cash and c.£22m market cap....profitable, monopoly routes in Oz, PAT of c.£1.3m which could be materially higher next year as they own all the business now.

DYOR etc

[bigdunc] 08/11/2006 14:14

Very impressive..

[risktaker35] 08/11/2006 13:55

cracking results - this should "fly high"

[bigdunc] 27/10/2006 11:48

Avation Plc, the business services and procurement company formed by spinning
Avation.Net Inc. out of Advent Air Ltd. (AIM quoted operator of Skywest), today
announces that it has applied to have all of its 1p Ordinary Shares admitted to
trading on PLUS - the market formerly known as Ofex. Admission to PLUS will be
conditional upon the passing of a number of resolutions at the Company's AGM on
30 October 2006

It is expected that trading of the Avation Plc shares on PLUS will commence
on or around November 7th 2006.

[bigdunc] 18/10/2006 09:21

Full year results are expected fairly shortly. The group, which operates passenger and charter services across Western Australia, catering to some of the larger mining companies in the region, is expected to deliver earnings approaching 2.33p for the year ended 30th June 2006. At 11.75p, the stock trades on an historic PE of 5. Advent has consistently delivered on its business objective, managing to win more significant contracts and launch new routes.

[qs9] 18/10/2006 09:02

AAIR forecast 2.33p apparently for this year...looks cracking value IMO if this is the case DYOR

[bigdunc] 18/10/2006 08:54

Its listing on OFEX..

[ghent] 17/10/2006 11:16

Does anyone know anything about Avation Plc shares in which were handed out in lieu of cash dividend ? Will this coy ever list on AIM ?

[knowing] 13/10/2006 10:03

LONDON (AFX) - Advent Air Ltd said passenger numbers for September increased
by 6.08 pct over the previous year.
A statement from the company said Skywest traffic, measured by Revenue
Passenger Kilometres (RPKs) decreased by 5.06 pct, while capacity, measured by
Available Seat Kilometres (ASKs) increased by 3.70 pct over the same period.
Load Factor decreased by 5.08 pct to 54.99 pct compared to the previous
year.

[knowing] 12/10/2006 08:07

Skywest Offer Completion

RNS Number:3310K
Advent Air Limited
12 October 2006


For immediate release

12 October 2006

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

Compulsory acquisition completion and share issue


Pursuant to its rights to do so under the Corporations Act 2001 (C'th), Advent
Air announces that it has completed the compulsory acquisition process in
respect to the off market Takeover Offer made by CaptiveVision Capital Limited
("CVC"), a wholly owned subsidiary of Advent Air, for the remaining shares not
owned by CVC in Skywest Ltd.

Pursuant to the compulsory acquisition process the consideration delivered today
to the Skywest Ltd shareholders includes 1,208,887 new ordinary shares in Advent
Air.

This completes the takeover and as of today, Advent Air Ltd, through CVC, owns
100% of Skywest Ltd.

Application has been made for the new Advent Air shares to be admitted to
trading on AIM effective from 17 October 2006.

[knowing] 11/10/2006 14:19

Subsidiary appointment

RNS Number:3145K
Advent Air Limited
11 October 2006


For immediate release

11 October 2006

Advent Air Limited

("Advent Air" or the "Company")


ADVENT APPOINTS DIRECTOR TO SKYWEST


The Board of Advent Air announces today that Mr Tony Davis has been appointed a
director to two of its wholly owned subsidiaries: Skywest Airlines Pty Ltd and
Skywest Airlines (S) Pte Ltd.


In addition to the new appointment, Mr Davis currently holds the positions of
both President and Chief Executive Officer of Tiger Airways Pte Ltd a leading
Singapore based low cost airline. Tiger Airways Pte Ltd is an operator of
several Airbus A320 aircraft.


Mr Davis is a highly qualified airline executive with more than 20 years
aviation experience and has had a variety of operating positions in addition to
the Tiger Airways Pte Ltd roles, these included management positions at British
Midland Airways, Gulf Air Company GSC and British Airways PLC. Mr Davis was the
Managing Director of the British airline "bmibaby".


Advent Air Chairman Mr Jeff Chatfield said "I have nominated Mr Davis to the
airline operational board of Skywest with the dual objective to successfully
develop certain new commercial operations and also to continue to assist in the
development of the overall culture of our airline group. Mr Davis, with his
industry experience and in holding his current positions at Tiger Airways, is
ideally placed to assist the Company to continue to grow. Advent Air's group
revenues, passenger numbers and profits have dramatically increased in the last
3 years and to continue this growth we are developing world class aviation
resources and seek to continue to attract and retain professionals to the
Company's boards."


Airline Business Model


The airline business of the Company is based around servicing the needs of
business travellers within its operating sphere. The Company has no intention of
transferring airline operations to a typical low cost airline model, however, it
does see the value of applying proven techniques adopted by the most successful
low cost carriers. The combination of Skywest's demonstrable revenue earning
potential and improving track record with appropriate cost realignment is
designed to ensure continued positive profitable financial performance.


A Performance Warrant


The agreed remuneration for Mr Davis is almost entirely comprised of a new
warrant to subscribe for up to 2,000,000 ordinary shares in Advent Air Ltd with
terms including a subscription price being the average of the closing mid-price
for Advent Air shares on the 10 day period to the 24th of October 2006, with a
12 month time to expiry and the vesting of the warrant being company performance
based outcomes that are aligned with selected success milestones. Mr Davis has
provided an undertaking that none of the warrants may be exercised prior to the
publication of the June 2006 audited accounts for Advent Air.

[netsurfer] 29/9/2006 20:49

why has it suddenly gone towards the end of trading?? happy!!!

[qs9] 29/9/2006 18:32

haha. Possibly.

Huge volumes, but whatever has gone on it seems to have cleared the air as it were. This on fundamentals looks cracking Value IMO/DYOR etc, but we will have to wait I think until the next set of results for clarity on the whole affair before we will see the real fireworks. Obviously getting in now ahead of this is the braver / riskier but potentially higher reward scenario.....!

Have seen a broker note with a 25p short-term and 47p fair value targets for this....DYOR etc etc....

[knowing] 29/9/2006 16:17

Wonder if our Director is buying for more beer money ?

[knowing] 29/9/2006 15:41

Matching trade.

[qs9] 24/9/2006 08:33

OK no worries, I'll take a look on the way into work MOnday.

[netsurfer] 23/9/2006 11:24

sorry, i only had a quick flick thru at the newstand.