Air Partner Share Discussion Threads

[marmar80] 01/4/2020 08:39

Seems the daily sellers must be out before it goes to 60s. I'm very pleased with this update today lads. Hope they will keep that nice divi!

[trident5] 01/4/2020 08:33

BWM - it gives the underlying profit before tax for the first 2 months: £2.4m.

[marmar80] 01/4/2020 08:06

With this speed the full year 2020 can even finish with cash around 24M

[bwm2] 01/4/2020 08:05

RNS said profit PBT in first two months ahead of budget and last year with encouraging orders for April. However, was it this time last year that we had the costs of the accounting investigation. I haven't time to check but wanted to flag it to investigate

[mnomis] 01/4/2020 07:58

Could it be that the seller's failed to understand the business, or was it forced selling on redemptions? Needless to say, I am certainly not selling in the 70's ...

[mnomis] 01/4/2020 07:56

Did I read correctly that £2.4m PBT in 2 months, with prior year being ~£4.3m?

[bwm2] 01/4/2020 07:45

RNS as good as anticipated. Private charter will outperform once Europe comes out of lockdown and attract new customers as people will want to get to their holiday homes but will not want to share cabin air in public transport as virus's are too small for the filters. One to watch

[marmar80] 01/4/2020 07:18

RNS out. Back to 70s today?

[marmar80] 01/4/2020 00:41

Based on those two, due to high demand in this sector, the share price should be higher than before March.

[marmar80] 01/4/2020 00:39

This one is an interesting readhttps://www.bloomberg.com/news/articles/2020-02-29/wealthy-jump-to-private-jets-to-duck-airlines-and-cut-virus-risk"Growing fear over coronavirus is battering commercial airline stocks, but private jet operators are seeing a spike in demand as well-heeled travelers look to minimize their public exposure and find alternatives to suspended flights."Sample pricing in that article "It's not cheap, but can be relatively competitive with luxury commercial travel.The cost of flying round-trip from New York to London on a 12-seat Gulfstream IV is about $140,000, although squeezing that many people onboard removes some of the comfort factor. That compares with $10,000 for a first-class ticket flying commercial, complete with a lie-flat bed.For individuals and companies willing to pay extra, it's a way to minimize the risk of infection."

[marmar80] 01/4/2020 00:24

https://www.ft.com/content/7f22ce92-54c6-11ea-90ad-25e377c0ee1fPrivate jet demand surges in wake of coronavirus outbreak

[trident5] 31/3/2020 12:51

They're unloading Revolution Bars now too at a fraction of what they were selling for a few weeks ago.
Castlefield is one of the better managers, but they do seem to be a bit "rabbit in the headlights" with this.

[vprt] 31/3/2020 12:48

What a shambles by Castlefield - they had £135m of cash at end February, but still ended up dumping shares at a tanking AIR share price. I guess it shows the real advantage we PIs have relative to funds when it comes entry/exit with only modest price impact...

hxxps://documentscdn.financialexpress.net/Literature/C1E632D4E714FAFB5CC1B89D7ACE4B45/149167377.pdf

I wonder how their next report will describe the eventful March and their success (or otherwise) of managing their clients' money well in volatile times?

[spacedust] 31/3/2020 12:32

No one bought them. There's 5m in free float now so knick yourselves out buying

[marmar80] 31/3/2020 12:19

Im waiting not for a Holding In from someone else. Who bought them?

[daz] 31/3/2020 12:18

Castlefield out is good news, it means there is no longer an overhang

[orchestralis] 31/3/2020 12:09

Good riddance

[sleepy] 31/3/2020 12:06

Looks to me like someone has been naughty in not making the notification/announcement earlier

[aiming] 31/3/2020 11:50

it's a fund.mcap under 50m ..usual mo...they follow set rules as we know

[spacedust] 31/3/2020 11:46

They've dumped 9% holding yikes!!!

[goldry] 31/3/2020 11:42

RNS, Castlefield no longer hold

[trident5] 31/3/2020 11:32

It was the Buffetology Fund that dumped its entire holding on 20 March - that overhang has cleared.

[marmar80] 31/3/2020 09:40

Well, the potential is there. Market totally misread the covid rns and same time misclassified this one as a traditional airline.

[aiming] 30/3/2020 23:01

in addition the government, FCO, used AIR to get the 300 brits homwe from Wuhan a few weeks ago, so looks like they are clearly one of the charters they prefer,