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| Share Name | Share Symbol | Market | Stock Type |
|---|---|---|---|
| Air Partner Plc | AIR | London | Ordinary Share |
| Price Change | Price Change % | Share Price | Last Trade
|
|
|---|---|---|---|---|
| 0.00 | 0.00% | 124.50 | 00:00:00 |
| Open Price | Low Price | High Price | Close Price | Previous Close |
|---|---|---|---|---|
| 124.50 | 124.50 |
| Top Posts |
|---|
Posted at 18/4/2022 12:29 by robinnicolson A very interesting guest column in The Times today, written by the chairman of Air Partner, Ed Warner. Titled 'Takeover offers for small companies expose timid stock market investors', he expresses his frustration with fund managers who saw Air Partner as simply too small to matter: "My overriding feeling is that any deal would have sufficed for those seeing this single business as a portfolio rounding error".Discussing negotiation talks with advisers, he writes: "What struck me through those talks was how little the exit price meant to so many of those involved. Better a deal at any price to bank a fee and move on than run the risk of failure by pressing too hard. Similarly when all was revealed to investors, not once did anyone question the price, even though it came hard on the heels of two profit upgrades." He concludes that he believed that Air Partner's time on the stock market had run its course: "Just how profitable did we have to be". |
Posted at 27/1/2022 17:46 by robinnicolson I'm disappointed by the offer. Here is Canaccord Genuity's view, published just before Christmas:Analysts at Canaccord Genuity reiterated their 'buy' rating and 120.0p target price on aviation firm Air Partner on Monday, stating recent solid trading had set the firm's balance sheet up with "firepower for growth". Canaccord Genuity said Air Partner's freight charter unit had delivered stronger-than-expect As Air Partner delivers on its strategy, the Canadian bank thinks this will allow investors to assign a greater probability of compounding growth prospects. Critically, even though stronger trading has a 2021-22 effect only, Canaccord thinks the cash generated opens the way to accelerate growth and shareholder returns and that, as a result, longer-term the shares could then surpass 240.0p as the PER re-rates upwards. "We project unchanged 2023E EPS 37% > FY20 EPS (pre-COVID-19) despite ~20% dilution from new shares issued since - with quality EPS from FCF (av. ~11% FCF yield FY22E-24E) and RoE over 20%," said the analysts. "With a PER ~10x FY23E (and ~3% DPS), we estimate this asset-light, diversifying company offers scope for good total return prospects." |
Posted at 27/1/2022 09:49 by hpcg RCT - read the RNS again. Only the 1.8% director shares are biding.In addition to the irrevocable undertakings from the Air Partner Directors, BidCo has received an irrevocable undertaking from Amati Global Investors Limited as the appointed investment manager of TB Amati UK Smaller Companies Fund in respect of 6,344,309 Air Partner Shares representing approximately 9.98 per cent. of the issued ordinary share capital of Air Partner as at the Last Practicable Date. Such irrevocable undertaking shall lapse in certain circumstances in the event that, inter alia, another offer is made for Air Partner equal to or greater than 140 pence per Air Partner Share. Lord Lee and Schroders have simply agreed to the deal, nothing more. |
Posted at 27/1/2022 09:28 by hpcg I'm very happy, have only held since the summer, and with a load of spreadbets as well. What is more gratifying is the requirement for patience in the face of good news. So many London based micro and mini cap investors are driven by momentum and nothing else; they simply have no confidence on their own analysis.Price action is now suggesting some thoughts of a competing bid perhaps? |
Posted at 07/1/2022 08:23 by lcw888 I wonder if Shroders will sell into todays rally like they did with the last RNS trading update on 17th Dec. It just keeps a cap on the SP, but that’s fine as it means patient retail investors can continue to build up stakes at a very reasonable price. |
Posted at 21/12/2021 13:16 by robinnicolson ShareCast article yesterday:Analysts at Canaccord Genuity reiterated their 'buy' rating and 120.0p target price on aviation firm Air Partner on Monday, stating recent solid trading had set the firm's balance sheet up with "firepower for growth". Canaccord Genuity said Air Partner's freight charter unit had delivered stronger-than-expect As Air Partner delivers on its strategy, the Canadian bank thinks this will allow investors to assign a greater probability of compounding growth prospects. Critically, even though stronger trading has a 2021-22 effect only, Canaccord thinks the cash generated opens the way to accelerate growth and shareholder returns and that, as a result, longer-term the shares could then surpass 240.0p as the PER re-rates upwards. "We project unchanged 2023E EPS 37% > FY20 EPS (pre-COVID-19) despite ~20% dilution from new shares issued since - with quality EPS from FCF (av. ~11% FCF yield FY22E-24E) and RoE over 20%," said the analysts. "With a PER ~10x FY23E (and ~3% DPS), we estimate this asset-light, diversifying company offers scope for good total return prospects." |
Posted at 09/7/2021 20:37 by thorpematt trident5,Yes i think there is. In part at least, some of that is due to the nature of the business model. As with (for example) construction contractors such earnings volatility can and does draw upon valuations. Thus, that gives investors more of a need for clarity from the company and brokers if possible. robinnicolson, Thank you very much indeed for posting the information. Very useful and much apreciated. |
Posted at 08/7/2021 08:01 by deadly Results presentation:www.airpartnergroup. |
Posted at 11/5/2021 07:30 by galeforce1 heialex - I agree that Air Partner is cheap, but I'm sure there are plenty of people on this board who know the company much better than me.It's a long-established business with a strong balance sheet, that's consistently profitable and pays a divi. But the EV is a very modest £40m. This is a good time to add (in my view,) with investors only interested by recovery stocks (often with very weak balance sheets). 2020 was clearly an exceptional year for AIR, but this is a decent business even in a normal year. |
Posted at 30/1/2021 17:21 by panshanger1 Nice write up in investors chronicle this week -Bearbull column |
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