Aero Inventory Share Discussion Threads

[fr4dge] 06/10/2009 12:10

If Aero Inventory are choosing the moment when the story goes into reverse as the moment that they make their entry to the main market, then I seriously worry for them.

If however, the story continues to be strong, then the current share price is going to look amazingly cheap.

Well we'll find out soon enough anyway.

[mdj8] 05/10/2009 22:47

Dibbs, I'm hoping a few funds will start hoovering the stock up when it secures the full listing. In the meantime the longer term major shareholders are maintaining their positions - I would imagine Landsdowne have a very close eye on this one....

[dibbs] 05/10/2009 21:58

milacs, I agree with your point on timing being a bit off. Surely they must be pretty confident of their accounting standards as they would know what a full listing requires and will therefore only persue this if they are confident of jumping throughthe required hoops.

The price is now right at the bottom of the ascending price channel from the April lows so a move up from here would see this performing as you'd expect from a technical view point. The RSI is also looking oversold so maybe positive action to come? As we know from this BB some people have reduced their holdings and other traders, having opened T trades expecting results at the end of Sept will also now be now forced seller.

I wonder if we will see one of the recent institutional buyers soaking up this stock some time soon?

Dibbs

[tday] 05/10/2009 16:14

milacs agreed.

Sold two thirds of my holding but, hoping to buy back in later once the results are out.

[milacs] 01/10/2009 08:46

Why have Aero decided to make this application almost to the day on which they were supposed to be reporting end of the year results.

This has to be the worst time because instead of rejoicing in increased earnings we are now confronted with the unknown.

More stringent analysis of the accounts are needed for a company to join the big board. Will this endevour throw up accounting irregularities? Will we be confronted with a rights offering?

Surely the application should have been made after the results had been published now we have to wait at least another month for basic information.

We all know the market abhors a vacuum.

Hence the share price will fall further.

M

[dibbs] 30/9/2009 22:06

Good news today for my mind also. The move to a main listing can only be positive as tracker funds etc will buy in as will funds that would never buy into AIM companies. Whether the full story is simply a move to the main market will remain to be seen.

Looking back at old RNS announcements they said on 10-02-09;

"CURRENT TRADING

Demand from existing contracts continues to be resilient although it would be unrealistic to expect it to remain entirely unaffected by the global economic slowdown. Current trading is in line with management expectations and Aero Inventory is seeing unprecedented new business opportunities with progress being made in a number of new contract negotiations, in particular with one major airline"

With markets stronger could they be looking to wrap up the main listing with a big deal and a fund raising to underpin the whole lot? A good chance for new investors to get on board the newly strengthened company???

As usual more questions than answers....

Dibbs

[bizochio] 30/9/2009 19:10

Any ideas on the timescle of when they might make the move. Surely not when the results are out. How long does it usually take to make the move?

Wondering if they will be ISA'ble in tis tax year.

[mdj8] 30/9/2009 18:52

I thought our good friend Mr Brown had already and most stealthily repealed the inheritance tax benefits of investments in AIM listed companies.

[koolio] 30/9/2009 16:54

I think it will be good for all of us, the fact that they are confident enough to undertake the extra work involved with main board and the closer scrutiny of figures makes me feel more positive.

It's just like there growing up..bless em'

Bad news for the IHT holders though.

[milacs] 30/9/2009 11:59

Why wait until the last minute to inform us that they are seeking big board membership.

Can't be a bad thing but they should keep shareholders informed in a timely fashion.

M

[fr4dge] 30/9/2009 11:00

Any chartists got a view on this?

[mdj8] 30/9/2009 09:59

Could be. I do recall however that the directors were against dilutive fund raising and looking more towards offloading inventory to raise cash to use for generating new business. Things change though.

[nutsyboy] 30/9/2009 09:37

I wonder if at least part of the reason for the enhanced listing is to raise cash via a rights issue? A good time to do it I think....

[mdj8] 30/9/2009 09:18

staverly, you'd better tell these guys 'cause they havent worked it out yet...

Investor Shares Percentage
AXA 1,967,137 3.75%
F&C Asset Management plc 2,324,937 4.44%
Gartmore Investment Limited 2,594,774 4.95%
Henderson Global Investors Limited 3,040,367 5.80%
Investmentaktiengesellschaft für langfristige Investoren TGV 2,118,697 4.04%
JO Hambro Capital Management Limited 1,971,096 3.76%
Lansdowne Partners Limited 8,627,502 16.46%

[staverly] 30/9/2009 09:11

The only "positive" reason I can think of for AI. seeking main market listing is to raise more cash. Puzzling as senior mgmt on record as having a clear strategy of operational cash generation. The business model appears broke (has done for some while), only thanks to nature of business (stock intensive) that facilitates accrual accounting to produce financial gymnastics on such a sympathetic scale and produces on going income statements that are ridiculously embellished thereby PE appears ludicrously attractive. Personally I think todays ann. may be a smokescreen and my target price still hovers somewhere around 0p but then again ....

[nutsyboy] 30/9/2009 08:49

Looks like I was right. An excellent move to make the switch to the main market.

As I said, we will be closer to 500p than 300p come Christmas.

[richardbroughton] 30/9/2009 08:45

Should also help reduce the spread which is often quite big on this share.

[martinc] 30/9/2009 08:42

OK.. I was probably just grumpy because I'd opened a spreadbet on Thursday, and sped downstairs to open my laptop over the cornflakes, risking scornful looks from MrsC, in order to see how much cash I'd made. I've calmed down now.

[mdj8] 30/9/2009 08:09

Martin C, there may have been a technical reason for not telling us. They are not allowed to comment on performance, strategy etc during the "closed" period, running up to results. Given the nature of a move to a bigger board it's likely it could not be announced until the closed period expired. The alternative would have just been an announcement to delay the results with no explanation - I suspect that would have caused mayhem with the share price

On top of that there are often different reporting requirements on different exchanges - hence the delay.

This move is the act of a CEO who is far from incompetent.

[mdj8] 30/9/2009 08:01

Excellent news - this should be great for liquidity - and the share price. Long overdue.

[martinc] 30/9/2009 07:55

Though telling us the results will be in September and waiting until the 30th to tell us they won't is extraordinarily bad investor relations. Did they not know this earlier in the month, or are they just incompetent?

And why do they need to delay results because of the move?

[sleveen] 30/9/2009 07:53

a listing on the main market signals confidence and financial strength IMHO.