Air Partner Share Discussion Threads

[qs99] 02/7/2020 08:34

I agree, which is what I said above for 2021....a signal for that would be encouraging....one for H2....

either way, am still in from the 30s, have added this morning...GLA

[valhamos] 02/7/2020 08:33

The business always has "poor visibility" they have been saying that for years. But even going back to pre-Covid profits of £3m p.a. (and that was before the recent Redline acquisition) wouldn't warrant a fall in the share price with the current market cap of £50m.

[trident5] 02/7/2020 08:33

They just raised money off shareholders in a placing - you can't give it straight back with the tax man taking his share - not very efficient.
Does anyone agree that the CEO looks like he dyes his hair?

[marmar80] 02/7/2020 08:20

Divi is cancelled this year, isnt it?

[qs99] 02/7/2020 08:20

£57m for a business with say c.£15m net cash so c.£40m EV and £10m PBT in 5 months

go figure....

divi would be nice, but probs not after a fund raise for organic growth.....so one to signal for 2021 I reckon

[qs99] 02/7/2020 08:07

Freight is returning to pre-Covid levels EXCL PPE which I presume means will continue to drive this division

Group Charter continues to be good and sporting events travel now coming back so that is a plus

Private Jets recovering US quicker than Europe, that to me is a plus

Safety and Security encouraging rather than a big plus, but presume direction of travel is good.

no-one expects the "uber" profits to stay for ever, but would like to interpret the words that say what you suggest vprt as I can only see freight mentioning pre-covid but excluding PPE?

thanks mate
QS99

[vprt] 02/7/2020 08:02

£10m is great. But they seem to be flagging a turning point now. When listening to the video or reading the RNS you need to keep the performance of each of the four business lines during the pandemic (some fantastic, some terrible) in mind, especially regarding the outlook - "returning to pre-covid levels" or "normalisation" are very bad news for some of these, even if those words might sound good to the general reader/listener.

The virus is still causing havoc, though, so very hard to predict - poor visibility.

[qs99] 02/7/2020 07:59

who cares if he delivers another £10m in the next 5 months haha

[trident5] 02/7/2020 07:45

Does the CEO dye his hair?

[tomps2] 02/7/2020 07:21

AIR Shareholder update, overview video:

[qs99] 02/7/2020 07:13

Lovely update

£10m in 5 months... returning to pre covid levels across a number of fronts. Excludes ppe demand which I read as a double positive DYOR

So could this do c£15m for full year? IMO easily or should do given first few months

DYOR

[bwm2] 26/6/2020 10:41

Just used a private charter for the first time and will use again until I consider public transport to be safe. I'm sure many others will do the same and broaden the customer base.

[qs99] 26/6/2020 09:34

let's hope so

[studentinvestor13] 26/6/2020 08:09

Very reasonable QS. I think investors are beginning to agree with what we've thought for a month or two now

[qs99] 25/6/2020 14:58

I think if it can show a new normal is £10m+ then no reason the EV/EBITDA should not be nearer £1.40-50 tbh. They also need to show the organic growth initiatives paying off well, continued over deliver and under promise, decent divi growth in due course etc.....DYOR

Should be through a £1 on current knowledge IMO....from there it needs further delivery of strategy

[studentinvestor13] 25/6/2020 14:56

What's your price objective here QS? Is it close to mine?

[qs99] 25/6/2020 11:03

Looks like it is about to pop again IMO...DYOR

[studentinvestor13] 25/6/2020 10:49

I iterate that more like £1.50 is the right price for this QS. We have £12m net funds, it is a COVID winner with cash flow, and we have done £7.5m PTP in the first four months of the year alone. The market has not yet picked up on this because it has only been mentioned in cursory in a couple of news releases. Wait until the half years come out because the numbers will be incredibe. The share price is only 10% higher than before covid and most covid winners are up at least 50%. Roll on triple digits.

[qs99] 25/6/2020 10:24

Wonder when we will get the next update. last one was 4th June, every 4-6 weeks is approaching.....let's hope great indication of more hay being made.....GLA and DYOR

[qs99] 25/6/2020 10:05

thanks SI, looks like AIR going to be through £1 soon IMO....as you say, poor for humanity but good for AIR....still undervalued

[studentinvestor13] 24/6/2020 16:01

Dare I say a second wave is looking likely in some US states and given we are easing it seems likely to happen here as well. Very positive for AIP but not for humanity.

[pireric] 22/6/2020 07:20

New RNS shows Amati took the Aberforth stake. Think the three new holders account for all of the shares churned

[qs99] 19/6/2020 15:22

as long as there is equal representation of all genders and colours please and no historical bias from any breed over another. Thanks