Air Partner Share Discussion Threads

[steeplejack] 09/4/2018 11:33

The news is leaking out from the company is my guess and being given to previous employees.I hope they're not trying to benefit from this news.Receipt of inside information is not a crime in itself but using it to make an unfair profit is.That said,the whole things a shambles and the regulatory authorities invariably behind the curve,I doubt anything will happen other than a newspaper article luxuriating in scandal.

[totalgeek69] 09/4/2018 11:32

Talking to yourself LBO?

[lbo] 09/4/2018 11:28

The brokers Masurenguy was quoting on Friday!? Where are the PR ramping team now? They must have all sold out ahead of the bad news! This is some mess

[steeplejack] 09/4/2018 11:24

Oh and the brokers are hopeless too!

[steeplejack] 09/4/2018 11:21

It should have been suspended last week after the first RNS at the company's request.The FCA should have enforced as much.This speculation,the leaked staff meeting etc makes an orderly market impossible .The management would appear to be incompetent when it comes to these matters but the FCA should know better.

[lbo] 09/4/2018 11:17

Could trading in the shares be about to be suspended?

[steeplejack] 09/4/2018 11:15

It does look like news is out and it's bad given the volume.The management are plainly incapable of understanding that sensitive news is released to shareholders first not to the tea lady.

[lbo] 09/4/2018 10:45

"You obviously are not influencing anybody here, or influencing the share price"

Have you any intelligent input pvb on what is influencing it today?

Measurenguy was only ramping on Friday saying "the number of buyers outnumbered sellers by almost 2 to 1 today" yet it's falling again today?

[lbo] 06/4/2018 18:18

Again Quid Pro Quo"He can't provide you with a coherent answer just like he cannot answer any previous questions or challenges to him. This behaviour is just par for the course with all trolls. He clearly has a malicious agenda where this company is concerned"Does that mean Air Partner who has not provided a coherent answer has a malicious agenda and the management are also trolls as they wont provide the answers to repeated legitimate questions? Does it make you a troll for similar reasons and applying your own definition of a troll to your own obvious malicious and evasive behaviour?This is the Air Partner discussion board where posters can discuss Air Partner yet you seem to constantly want to try and deflect from the real unanswered issues and personally attack others. You must be very close to someone in the company to be so protective and so quick to shout down anyone asking questions. It's probably because of that exact mentality in Air Partner why it took so long for the hole in the accounts to publicly come out. Nobody asked questions or more likely was afraid of asking any questions. Perhaps you yourself can answer just one question. Have the formal and criminal investigations now begun? Why has it not been announced to the market and the shareholders?

[masurenguy] 06/4/2018 17:39

pvb 6 Apr '18 - 443: LBO - Nonsense. You, for whatever reason, seem determined to bad mouth AIR. Nobody here is "ramping" the company, it's all in your own head. You obviously are not influencing anybody here, or influencing the share price. It's reliable facts and information that will determine how this turns out, not somebody raving on a BB. Why are you here? What is your point?

pvb - he can't provide you with a coherent answer just like he cannot answer any previous questions or challenges to him. This behaviour is just par for the course with all trolls. He clearly has a malicious agenda where this company is concerned - either he is a fired former employee or he has a grudge against someone that he knows who works there.

Incidentally, the number of buyers outnumbered sellers by almost 2 to 1 today.

[lbo] 06/4/2018 14:17

Interesting you also choose to attack and question me rather then the company and its management who has admitted they have a problem but are giving no real information to shareholders. I am not the only one asking questions and not getting answers. Have the authorities gone into Air Partner yet? Has a criminal investigation been opened?

[lbo] 06/4/2018 14:08

I am sure the authorities will eventually get to the bottom of what's being going on and how deep the rabbit hole actually is and who the blame can be traced back to but as per the Annual report "each director has taken all the steps a director might reasonably be expected to have taken to be aware of relevant audit information and to establish that the Company's auditor is aware of that information"The silence from the company since the very vague RNS speaks volumes.

[pvb] 06/4/2018 14:05

LBO - Nonsense. You, for whatever reason, seem determined to bad mouth AIR. Nobody here is "ramping" the company, it's all in your own head. You obviously are not influencing anybody here, or influencing the share price. It's reliable facts and information that will determine how this turns out, not somebody raving on a BB.

Why are you here? What is your point?

[lbo] 06/4/2018 13:56

And you are only capable of ramping and have never responded to the questions of increasing receivables. You behaviour is very similar to the company insiders who perhaps you have close links with. You personally attack and shout down anyone who raises legitimate questions even after accounting errors have been discovered. Shame on you.

[masurenguy] 06/4/2018 13:43

You are only capable of typical Troll behaviour, which constantly evades answering any questions or challenges in order to pursue their own malicious agenda. Your credibility here is absolutely zero !

[lbo] 06/4/2018 13:37

Who are Air Partners own brokers again!?



I think I would rather listen to an independent broker who also is worried;

"Broker Cantor Fitzgerald said that the issue appeared to have no bearing on Air Partner’s cash balances now, but added that “pending further updates and greater clarity on this issue” it had decided to downgrade its rating on the company from ‘buy’ to ‘hold’"

[lbo] 06/4/2018 13:35

Probably as qualified as you. You both turned a blind eye and refused to acknowledge the significant increases in both trade and other receivables

[masurenguy] 06/4/2018 13:23

Hmmm....a qualified analysts view versus a desperately deramping troll !

"Liberum analyst Gerald Khoo said: “Although this issue is clearly concerning, with the overstatement equating to potentially more than 10% of cumulative profit before tax over the period since 2011, the absence of a cash impact is a mitigating factor.”. Air Partner announced in January that it expected annual pre-tax profits to be no less than £6.4m, beating the £5.1m booked the year before."

[lbo] 06/4/2018 13:20

And of course it's effected their cash position. They should have over £3m in extra cash as all that money would be cash now as they covered the costs but not never got paid.And would seriously make the financial position a lot more stableAlso from last years annual report Financial positionJetCard cash: the reduction of £0.9m is as a result of record utilisation in the year outstripping the pace of new cards and renewals. Subsequent to the balance sheet date, the Group will be placing all JetCard funds into segregated accounts as further assurance to our customers.Non-JetCard cash net of borrowings: the net debt position has improved as a result of the improved trading position increasing net cash in ow from operating activities of £1.9m, less outflows for the investment in Clockwork Research of £0.4m, dividends paid of £2.5m and repayment of borrowings of £0.5m but bene ting from a foreign exchange gain of £1.6mAs noted above, the Group's bank loan, which stood at £3.0m at the balance sheet date, was refinanced with a new revolving credit facility, which has total availability of £7.5m, provided by Air Partner's main bankers. The facility expires inFebruary 2020.Other net current assets and liabilities: with cash excluded, the Group is in a net current liabilities position as a result of deferred income, particularly in respect of the JetCard product exceeding other current assets.

[masurenguy] 06/4/2018 13:19

Justify your prior claim and answer the question - you can't! Instead you are just being pathetically evasive by cut and pasting standard sections of the Companies Act. Just typical troll behaviour !

[lbo] 06/4/2018 13:09

From 2017 Air Partner Annual report Directors' statement of responsibility for financial statementsEach of the directors serving at the date of approval ofthe accounts confirms that, to the best of his/her knowledge and belief:• the financial statements, which have been prepared in accordance with IFRS as adopted by the European Union, give a true and fair view of the assets, liabilities, financial position and nancial performance of the Group and Company• the Strategic report and the Directors' report give a fair review of the Group, together with a description of the principal risks and uncertainties that the Group faces.Directors' statement of responsibility for disclosure of information to auditorAs required by section 418 of the Companies Act 2006, each director serving at the date of approval of the financial statements confirms that:• to the best of his/her knowledge and belief, there is no information relevant to the preparation of their reports of which the Company's auditor is unaware• each director has taken all the steps a director might reasonably be expected to have taken to be aware of relevant audit information and to establish that the Company's auditor is aware of that information.Words and phrases used in this confirmation should be interpreted in accordance with section 418 of the Companies Act 2006.The Directors' statements were approved by the Board on 26 April 2017 and are signed on its behalf by:

[masurenguy] 06/4/2018 13:03

Exactly who is "ramping" the company on this thread?

I haven't seen a single post stating that the accounting issue is either irrelevant, has not clearly has had a negative impact upon the shareprice and may also raise some credibility issues with some of the management. However, in the short term it does not affect their cash position and is unlikely to impact the current growth in sales. People will just have to await the outcome of the current investigations before any further consequences can be evaluated.

That is called having a balanced perspective of recent events, which is entirely the opposite of your incessant and repetitive troll behaviour over the past few days. You have also consistently deramped this company in your prior posts over the past two and a half years during which time the shareprice more than doubled and circa 30p was paid in dividends..

[lbo] 06/4/2018 12:54

Quid Pro Quo but it's ok to keep trying to ramp a company that has admitted losses were hidden from shareholders? No matter if the Directors claim they did not know about this they signed off on all the annual reports since so they assumed responsibility for the accounts which have now shown to be false.