Air Partner Share Discussion Threads

[goodpick] 16/7/2018 18:50

The value of patience for long-term investors

[spacedust] 16/7/2018 15:15

Could anyone post the article here if you can. Many thanks.

[thorpematt] 16/7/2018 14:26

Bit of a breakout here today. Given recent update I was pleasantly surprised to be able to pick up some stock last week.
I am here for the fundamentalsame but the chart has 150p written all over it IMO.

[goodpick] 16/7/2018 12:57

Ah yes surprisingly missed that despite being an FT subscriber.

He is right about the patience thing in his article....

[3800] 16/7/2018 10:46

It's the John Lee effect. the article is behind a pay wall
3800

[goodpick] 16/7/2018 10:14

Finally some price action up 6p this morning.

This is really a 140 + share with a dividend yield of 4.5% at the moment some a matter of time before some momentum pushes this up again.

[dontay] 11/7/2018 08:47

AGM STATEMENTAir Partner plc ('Air Partner' or 'Group'), the global aviation services group, holds its Annual General Meeting today. At the meeting, Mark Briffa, Chief Executive Officer, will make the following statement:"In our full year results, published on 11 June, we reported that the new financial year had started with a particularly strong performance in Freight and the USA, a flat performance in Commercial Jets, and a slow start for Private Jets UK. Additionally, our more pipeline orientated businesses in Consulting & Training and Remarketing have encouraging order books, which we expect to develop further during the year ahead. I am pleased to report that since that announcement we have seen increased strength in Commercial Jets.We remain confident about the Group's prospects for the remainder of the year. We have a strong net cash position and while we will incur a material one-off cost of GBP1.3m in the current year as a result of the recent accounting review, we are determined to realise value from that unexpected cost by learning from its findings, implementing changes and being a better and stronger business as a result.In June we announced the opening of a new Air Partner office in Los Angeles, California, taking our local presence in the USA to four offices. This new office builds on the record performance from our US business over the last year where client numbers rose by 80%. The Los Angeles office will cover the west coast and offer our full suite of Charter services in Private Jet, Commercial and Freight, along with our own brand JetCard product. Los Angeles offers good potential for growth over the next five years as we steadily develop and invest in headcount ahead of customer growth.We are actively recruiting Charter Brokers across all our products and services in a variety of locations as we steadily increase network headcount over the medium term, most recently expanding our local presence in the USA.As we always state, the global charter business has consistently been, and will continue to be, a volatile industry. Against this backdrop we manage the business for the long term, with a very clear strategy of alignment to the needs of our global customer base. In line with our clear growth strategy, the Board continues to assess investment opportunities, both organic and acquisition, to enhance or extend the services and capabilities we offer our customers, which will ultimately strengthen and advance our business."Air Partner will provide a further update before the Group enters its close period on 28 August 2018.ENDS

[dontay] 27/6/2018 17:29

Yep, the cynicism about the CEO is understandable but it's quite right that it was the CFO who got ditched and has suffered the consequences by losing all HIS share options. The next item of any interest will probably be the upcoming AGM (not that much to get excited about normally comes out of those!) but I also wouldn't be surprised to see their recent acquisition plans get resurrected pretty soon... and if it's all they have said it to be and the 'price is right'... it sounds like it would be a substantial acquisition and a massive boost towards the ongoing diversification project... and therefore highly likely the market will like it big time! "In late 2017, we entered discussions to acquire a high quality managed services business with international operations and significant long term contracts with blue chip customers. At the beginning of January 2018, having agreed transaction terms, we entered into an exclusivity period expiring at the end of April 2018. The acquisition, on the agreed terms, would have met our financial return criteria and significantly progressed the delivery of our clear, long term strategic objectives, immediately increasing the weighting of our Consulting and Training profitability to in excess of 30%.Despite the compelling strategic attractions of the acquisition, when our accounting issues were identified, we rightly focused our priorities on our existing business and on our customers, employees and shareholders. As a result, despite six months work and being a few days from announcement, we let the exclusivity lapse. In total GBP0.5m of cost was incurred, and will be expensed in financial year 2018/19. Although we are no longer in exclusivity we have built a strong relationship with the target company and remain in dialogue with the Board members".

[typo56] 27/6/2018 07:11

I think the timing of the RNS is indicative. You release at 18:11:39 when you don't want to be noticed.

[dontay] 27/6/2018 06:23

Yes, I entirely agree with ALL those sentiments. But it's ALSO true that he's retained well over half a million shares rather than exercise his options to flog a huge chunk of them, which is an indication that he has personal confidence that the value of them is gonna keep rising.

[trident5] 26/6/2018 22:21

Dontay -be real.

He was given the shares. As a reward. And then he sold enough to ensure his hand did not go in his pocket to pay any tax and NI.

And that's after the recent debacle!

Clearly the buck stopped before it got to him.

[typo56] 26/6/2018 21:18

Dontay, that's a rather selective cut & paste, isn't it?

Wasn't he actually granted 435,485 shares at nil cost under the Long Term Share Incentive Plan and subsequently sold 204,678 shares? Or do I misunderstand?

Normally you "closely align interests with customers and shareholders" by parting with some hard earned!

[dontay] 26/6/2018 21:06

Confidence!!! RNS 6749S. Mark Briffa acquires 435,485 shares:Following this transaction, Mark Briffa's beneficial holding of Air Partner shares increased by 75.11% to 538,102 shares, equivalent to 1.03% of the issued share capital of the Company. Since his appointment as CEO Mark Briffa has not sold any shares in the Group other than to fund PAYE/NIC liabilities and he has no current intention to do so. This acquisition of shares is in line with his long held intent to increase his economic ownership of the Group and closely align interests with our customers and shareholders.

[psync] 22/6/2018 14:51

Some updated broker guidance might help. Seems that broker updates on some of these small caps are as rare as hens teeth lately.

[spacedust] 20/6/2018 17:41

And even then the share price doesn't rise

[steeplejack] 20/6/2018 11:03

Chairman buys 25/- at a tad over 110p.

[spacedust] 14/6/2018 16:27

Why can't we ever see the trades on this share

[robinnicolson] 12/6/2018 19:26

Bioventix (BVXP)

[spacedust] 12/6/2018 17:08

Someone find me another aim company with these sort of results. Except ADT

[spacedust] 12/6/2018 17:07

Gross profit of £36.1m increase of 13.8%

Underlying profit before tax of GBP5.8m, a year-on-year increase of 23.7% 

Statutory profit before tax of GBP4.8m, a year-on-year increase of 20% 

Underlying EPS of 8.4p, a year-on-year increase of 41.8%

Proposed final dividend of 3.8p, an increase of 5.6%, payable on 20 July 2018. Full Year dividend up 5.8% to 5.5p

Strong Group financial position with net cash of GBP4.8m 

[spacedust] 12/6/2018 17:05

Gross profit of GBP36.1m, a year-on-year increase of 13.8%, reflecting robust trading in the Charter division and continued progress in the Consulting & Training division


   --     Underlying profit before tax of GBP5.8m, a year-on-year increase of 23.7% 
   --     Statutory profit before tax of GBP4.8m, a year-on-year increase of 20% 
   --     Underlying EPS of 8.4p, a year-on-year increase of 41.8%

-- Proposed final dividend of 3.8p, an increase of 5.6%, payable on 20 July 2018. Full Year dividend up 5.8% to 5.5p


   --     Strong Group financial position with net cash of GBP4.8m 

[spacedust] 12/6/2018 17:03

4m costs was an overstatement. Dividend 5.5p

This is great news all round.

[spacedust] 12/6/2018 17:00

Excellent that NED bought above my purchase price. 140p after world cup