Air Partner Share Discussion Threads

[aiming] 30/3/2020 22:58

the rich folk wont want to be on a packed plane with hundreds of others, and AIR only need a fraction of the million brits, equally they repatriate for other countries like the South Africa 800 last week, so thats a lot of people stranded globally. Combine the increase in freight prices and it would seem AIR has a good position during and after this virus crisis.

[venek] 30/3/2020 21:49

For a point of reference, the Thomas Cook repatriation (which AP had no part in) was slightly greater than the £75 million 'no commercial routes' service just announced.
www.nao.org.uk/wp-content/uploads/2020/03/Investigation-into-governments-response-to-the-collapse-of-Thomas-Cook.pdf
Obviously any brokers would only get a small proportion of the total £75 million as aircraft, crew, landing fees, ground handling, catering and fuel will be the majority.

Sky say:-
"Where there is no commercial option, the FCO is going to use the travel management company CTM to organise charter flights to bring Britons home."
hxxps://news.sky.com/story/coronavirus-uk-to-spend-75m-on-charter-flights-to-bring-stranded-britons-home-11965878

Established in 1994 in Brisbane ASX listed Corporate Travel Management Pty Ltd has "grown from a two-person start-up into one of the world’s most successful travel management companies" they say. They have around 1000 employees around the world.

[daz] 30/3/2020 20:32

While the bigger evacuations like Peru will be probably be handled by the likes of BA, who have the bigger planes to take such numbers. I think AIR have a better chance with some of the smaller ones and there could be quite a few of those.
The news was talking about millions of people being stranded and some not able to travel to main airports.

[trident5] 30/3/2020 20:14

LCW - more competition this time - lots of idle planes and staff; but at least they should have more organisational expertise.

[lcw888] 30/3/2020 18:51

I wonder how much of this £75m announced today for charter flights Air Partner is going to pick up? They've done these sort of volumes before on behalf of the FCO (see 2011 annual results for the scale of the Arab spring evacuations).

[pvb] 30/3/2020 15:38

Not selling this just yet - I feel it may have been sold off with airline stocks irrationally ...

Yeah, possibly so. Actually I did the same thing after 9/11 but confess I later lost my bottle and sold off what I had bought then far too early. Oh well!

[mnomis] 30/3/2020 15:10

I wish I had picked the bottom, but up a tidy %. Just wish I had not just nibbled - bought in for ~60% of usual entry in these markets. Not selling this just yet - I feel it may have been sold off with airline stocks irrationally ...

[lcw888] 30/3/2020 14:00

I've been an AP shareholder since 2011 and topped up multiple times over the years (I love the approx. 7% div yield in normal market conditions). I ended up quadrupling my stake at around 19p the other week because the price was just ridiculous. I didn't catch the absolute low which came when someone sold 4m shares. I originally thought (like others) that it was Castlefield finally exiting their position, but the fact that there was no RNS means it must have been borrowed stock for shorting. I think someone shorted a basket of "airline" stocks and mistakenly included AP. I also don't think they've covered that short yet and the share price has doubled purely on individual investors smelling a bargain. I'm a buy and hold investor on AP - rich people will never want to fly commercial again when this is all over.

[encarter] 30/3/2020 10:22

I did and I agree. But I had to bank such a large profit in such a short time. I'm happy to leave some profit for someone else. Good luck.

[marmar80] 30/3/2020 09:23

You must have had bought at the very bottom then, well done. The level of interest around this share is very high now and who knows there this is heading to.

[encarter] 30/3/2020 09:15

Not me. Sold up this morning with around 100% profit. Moved it all in to AFX and expect to double it again. Happy days.

[marmar80] 30/3/2020 08:17

Whos buying them all today?

[marmar80] 30/3/2020 07:57

Good coverage in the newspaper yesterday about Lord Lee calling AirPartner as one of the undervalued shares. Sadly today news about Richard Jackson, Air Partner's Non-Executive Director and Senior Independent Director, who has passed away after a short illness.

[masurenguy] 30/3/2020 02:11

Lord Lee of Trafford is one of Britain’s most successful DIY investors. “One of the greatest lessons I’ve learnt as an investor is to keep your feet on the ground, remember your long-term view and have faith in the recovery of the companies you have backed."

After stock markets plummeted earlier this month, he bought shares in Shell on a 14% yield. Since then its shares are up 35%. Another of his top holdings is Air Partner, a private jet broker. This month it declared that the dividend would be reviewed once the crisis has passed. “When the coronavirus was in its early stages I actually added to my already substantial stake,” said Lee. “The share price has taken quite a hammering. I hope for a substantial recovery in time.” His advice to new investors is simple: “Investors should remember that we will get to a recovery — history tells us so.”

Lord Lee’s top five Isa holdings
1 Air Partner
2 Aviva
3 Christie Group
4 Concurrent Technologies
5 Treatt

[sleepy] 28/3/2020 22:02

Personally I would love to see some hard evidence that the CEO is not hopeless or that the Board is prepared to fire him (not necessarily right now)

[sleepy] 28/3/2020 22:00

Anyone who pays any attention to badger38 posts you should click on “badger38̶1; and look at all his posts

[pvb] 28/3/2020 19:09

But to save only AIR shareholders from themselves?

What have we done to deserve this? ;-)

[trident5] 28/3/2020 18:23

To save shareholders from themselves?

[pvb] 28/3/2020 17:35

...OK. But you also denied holding AIR shares. So WHAT IS your interest here?

[venek] 28/3/2020 16:28

That is completely untrue. I have never worked for AP, BS or any other company in the AP group in any capacity at anytime. My chosen nom de board translates as 'outsider' FWIW. The post referred to is from someone who only claims to be a founding director. If they are, they either think I'm a specific ex-employee (which I at least know would make them plain wrong) or there is such rampant discontent in the ranks of employees they automatically think that is likely. The £6mn price for BS was meant to be followed by a £600k a year or so later based on the performance under AP. That never happened. Could a founder be unhappy at that? Perhaps. Is every shareholder 2 years ago today, when shares were worth £1 more before the 2018s accounting revelations, a candidate for being disgruntled too? Probably. The facts of AP's performance and their business environment remain however, inconvenient as they might be for some.

[valhamos] 28/3/2020 13:06

As regards Venek for the benefit of those new to the board it is worth pointing out that Venek is a digruntled former employee. See this post from the founding director of Baines Simmons

[trident5] 28/3/2020 10:07

In fact, in the year before AP acquired BS for £6m, BS reported profits of £549k.

In the four subsequent years of AP ownership - aggregate profits amounted to just £585k.

So, five years on and the cost of acquisition (£6m) has delivered a total return of £585k.

At least, the contribution is positive, unlike at Cabot.
Unlike with Clockwork.
Unlike - SafeSkys.

One hopes that the CEO and Board recognise that their skillset does not extend to buying and growing peripheral businesses and that they stick to the knitting with competent oversight of the numbers.

[trident5] 28/3/2020 09:15

To be fair Badger, Air Partner have owned BS for 5 years now and the smallness of its contribution is something that Venek has very reasonably been raising here for some time.