Advent Air Share Discussion Threads

[bigdunc] 24/4/2006 17:08

Fingers crossed...

[knowing] 21/4/2006 00:05

All buying sill at full asking price and very little selling. Hope that we see some positive movement shortly to stimulate the share price

[knowing] 19/4/2006 21:14

965K bought all at full ask...when does the rise start ?

[bigdunc] 19/4/2006 16:28

Enlightening post WB full of informative points bravo...

[knowing] 19/4/2006 13:41

Looks like I spoke too soon ;-)

[knowing] 19/4/2006 12:47

Quiet day.

[knowing] 18/4/2006 23:56

Ha blimmin ha

Regards

Chelsea

[john hampton] 18/4/2006 23:49

Spurs 1 Man Utd 2

[knowing] 18/4/2006 21:48

Well lets hoope the institutions which bought in the placing decide to add more. Could make for some interesting times.

An investment stock and not a trader IMO

[knowing] 18/4/2006 16:18

Some keen buyers out there and having to pay over the odds too.

[knowing] 18/4/2006 09:07

RNS Number:5547B
Advent Air Limited
18 April 2006


For immediate release


18 April 2006


Advent Air Limited

("Advent Air" or the "Company")


Placing


The Company is pleased to announce that it has placed with institutional and
other investors up to 84,848,484 new ordinary shares of S$0.20 each ("Ordinary
Shares") and 9,169,360 existing Ordinary Shares on behalf of certain existing
shareholders, in each case at a price of 8.25p per Ordinary Share (the
"Placing"). The Company will receive up to #7,000,000 (before expenses and
commissions) pursuant to the Placing, which will be used to provide additional
funds to enable the Company to repay S$5,000,000 of debt equivalent to
approximately #1.77 million (after which the Company will be debt free), develop
new routes, to help fund aircraft purchases and be able to increase its
shareholding in Skywest.


The Placing has been structured as a firm placing of 19,481,961 new Ordinary
Shares (the "Firm Placing") and a conditional placing of up to 65,366,523
additional new Ordinary Shares (the "Conditional Placing"), in each case at a
price of 8.25p per new Ordinary Share. The Conditional Placing is conditional on
the approval by Advent Shareholders of a proposed increase in the authorized
share capital of the Company and authority to allot new Ordinary Shares, as set
out in the notice of extraordinary general meeting of shareholders to be held on
15 May 2006 (the "EGM"), which is being sent to shareholders today.


The new Ordinary Shares will rank pari passu with the existing ordinary shares
in issue and application will be made for the 19,481,961 Firm Placing new
Ordinary Shares to be admitted to trading on AIM, expected to be effective on
Friday 21 April 2006. On admission of the Firm Placing new Ordinary Shares, the
enlarged issued share capital of the Company will amount in total to
116,891,769. Application will be made in due course for the 65,366,523
Conditional Placing new Ordinary Shares to be admitted to trading on AIM
following the EGM, which is expected to be effective on Friday 19 May 2006.


Pursuant to the Placing, the Company has issued a warrant to WH Ireland Limited,
the Company's broker, to subscribe for up to 2,000,000 new Ordinary Shares (the
"WHI Warrant"). Under the WHI Warrant instrument, the exercise price for the
first 1,000,000 new Ordinary Shares is 9.075p per new Ordinary Share, equivalent
to 110% of the Placing price and the exercise price for the second 1,000,000 new
Ordinary Shares is 10.3125p per new Ordinary Share, equivalent to 125% of the
Placing price.





ENDS

[john hampton] 17/4/2006 23:46

Spurs 1 Man Utd 2

[knowing] 17/4/2006 23:01

All good news so far NT so why not much more.

[nikkeitrader] 17/4/2006 22:25

So UK Analyst have a BUY out on Advent. Could be an interesting Tuesday for the stock.

[knowing] 16/4/2006 00:14

From UK Analasyst

We initiated coverage of Advent Air on 17th March, recommending the stock as a buy at 7.5p. Shares in this Australian based airline have since risen by nearly 20% to 9.5p as a result of strong newsflow. Advent owns 60% of Skywest Ltd, an ASX listed and profitable airline company. It also has a firm purchase agreement with China Express to buy a further 22% and thus has de facto control over 82% of the company. Skywest has acted as a regional airline for the last 40 years and has a monopoly of air services in the major coastal towns of Western Australia. It is set to benefit from the growth in the mining sector as it provides an increasing amount of transportation for the industry. The company operates a fleet of five, wholly owned Fokker 50 turbo prop and three leased Fokker 100 jet aircrafts and it holds an Australian high capacity air operator's certificate.

The company's strategy is to grow the business both organically and through acquisition. It believes it can extend its route network by adding additional locations, expand freight capacity thereby increasing passenger numbers. The group has much of its upside locked in through long term contracts signed with the likes of Kimberly Diamonds, Argyle Diamond Mines and Barminco. On 5th April, the company announced another contract win. Newmont Tanami has signed up Advent to provide air charter services between Perth and the mine site located at Granites. This four year contract should add A$3.2 million to annual revenues. Passenger numbers have shown a sharp month on month increase with the last statistics recording a 20% increase. Advent issued a quarterly update on its cash flow status, at March 31st 2006, the group had cash balances of A$7.4 million. And it is clear that Advent is looking to increase its stake in Skywest, on 13th April it acquired another 330,000 shares. The acquisition of the remaining stake in Skywest means that Advent will gain access to tax losses, pushing up earnings significantly.

Advent's last set of interim results to December 2005 saw turnover rise to A$38.06 million with profits increasing 14 fold to A$1.5 million. Assuming Advent manages to gain a 100% stake in its subsidiary, GE&CR is forecasting revenues of 39.1 million pounds for the year to June 2006, profits of 1.6 million pounds and earnings of 2.3p. At 9.5p, we re-iterate our buy stance

[knowing] 13/4/2006 15:50

Interest in Skywest

RNS Number:5337B
Advent Air Limited
13 April 2006


For immediate release
13 April 2006

Advent Air Limited
("Advent Air" or the "Company")
Interest in Skywest Ltd


The Board of Advent announces that the Company has increased its relevant
interest in Skywest Ltd ("Skywest") by 330,000 ordinary shares. Accordingly
Advent's interest in Skywest now amounts to 62,925,000 ordinary shares
representing 60.02 per cent. of Skywest's current issued share capital.


ENDS


For more information please contact:

[bigdunc] 13/4/2006 08:48

According to the GCI report possibly what might cause a hike in price is buying out the minority stake in Skywest...

[knowing] 13/4/2006 00:01

So was the 100K keeping the price deflated ?

[knowing] 12/4/2006 12:45

Ank if your going to buy then buy big son !

[knowing] 11/4/2006 20:17

A few more minnows jumping aboard today. Nice and steady.

[knowing] 10/4/2006 21:42

So lots of good news coming out of Advent. Lets hope this baby grows big.

[knowing] 10/4/2006 15:43

No the ASX probably stipulates that the figure is in AUD as they required the report.

Now stop being a parasite.