Air Partner Share Discussion Threads

[qs99] 07/1/2022 07:41

nice update and not surprised. Reckon this could carry on for a while yet as countries and air opens up....DYOR etc.....if market doesn't start to reflect earnings it will get bought IMO.....so may be in for some more...

[trident5] 21/12/2021 20:52

Sounds like acquisitions are still on the cards then?

[robinnicolson] 21/12/2021 13:16

ShareCast article yesterday:

Analysts at Canaccord Genuity reiterated their 'buy' rating and 120.0p target price on aviation firm Air Partner on Monday, stating recent solid trading had set the firm's balance sheet up with "firepower for growth".

Canaccord Genuity said Air Partner's freight charter unit had delivered stronger-than-expected trading, leading to full-year 2022 pre-tax profit, net cash and earnings per share upgrades.

As Air Partner delivers on its strategy, the Canadian bank thinks this will allow investors to assign a greater probability of compounding growth prospects. Critically, even though stronger trading has a 2021-22 effect only, Canaccord thinks the cash generated opens the way to accelerate growth and shareholder returns and that, as a result, longer-term the shares could then surpass 240.0p as the PER re-rates upwards.

"We project unchanged 2023E EPS 37% > FY20 EPS (pre-COVID-19) despite ~20% dilution from new shares issued since - with quality EPS from FCF (av. ~11% FCF yield FY22E-24E) and RoE over 20%," said the analysts.

"With a PER ~10x FY23E (and ~3% DPS), we estimate this asset-light, diversifying company offers scope for good total return prospects."

[bwm2] 18/12/2021 10:52

RCT
Noted and thank you. Ive used it and agree but having to travel to london via the m25 rules it out. It all takes too much time. My choices are East Midlands, Manchester and Doncaster. Manchester is dreadful but I have to use for long haul. E Mids and Doncaster's private terminals are excellent and the terminals/services much better than Manchester which is shambolic

[qs99] 18/12/2021 08:43

I agree, a mate has had to speak to private jet companies and he said they were rammed, pricing heaven IMO.DYOR

[bwm2] 18/12/2021 08:09

In my experience, last year caused new users to try private transport (out of a combination of necessity, fear and exasperation)and they enjoyed it and spread the word to their friends thus causing the user group to widen for short haul. I think it will be sticky and the majority of those new users will now be annual users at least. If the pricing is such that it is equivalent to 1st class long haul, why wouldn't these customers use private short haul especially once you factor in the dreadful airport experience from getting up early, dealing with parking... and that's before the horror of the crowded terminal and the security queues. Being able to avoid all that, park you car outside and be wheels up from 15mins of arriving makes it attractive in terms of cost/benefit to a wider, much larger population say those that always travel long haul business. In my view, the pipeline of new business to a wider less affluent user group has been underestimated and this is the reason why I continue to hold despite previous scepticism.

[qs99] 17/12/2021 10:48

The well off will still use private jets, bet demand outstrips supply IMO, so pricing will be v. good...DYOR but it can keep chucking off cash and buying new companies IMO

[hpcg] 17/12/2021 10:39

The modest market reaction looks to me more like an expression of market sentiment than anything to do with the business. I can only see private jets being a continuing winner under any circumstances; for example if all travel restrictions suddenly cease then commercial airports are going to be rammed. I do accept the freight business gains are likely a one-off, but as they decline passenger charters should resume. In the meantime the balance sheet is boosted. It makes the overall enterprise more valuable and thus more attractive to takeover, and if there is one thing we have learned in the last year or so it is the the London market is pretty hopeless at valuing companies for the long term when compared with private money.

With respect to the long term it is pretty obvious that electric planes will arrive first (perhaps ever?) in the short hop low seat count form factor aircraft. I can see these taking even more share over scheduled services for those that can afford it.

[cfro] 17/12/2021 09:19

This pandemic is very far from over so i would expect the freight division and private jets to continue high levels of volumes well into 2022.

"Normal" most probably won't happen next year so Charter division likely to continue to struggle on. At some point, maybe in two years time who know's, conditions will recover strongly and i am hopeful that recent acquisitions such as Redline will start to come into it's own.

Brilliant news that they have already re-paid £5m of the loan taken out to buy Kenyan Int.

[qs99] 17/12/2021 08:42

So it makes loads of hay while the sun shines, when it returns to "normal", define normal as we could be in this mess for years it seems, it will have bigger / better brand recognition for future sales, and its underlying business will be back to normal. DYOR but market is valuing this in an odd way.

[s34icknote] 17/12/2021 08:17

Another good update !!Cash pouring in !!

[frazboy] 17/12/2021 08:14

These trading ahead updates are treated as non-recurring gains. Market isn't adding much value. Is that the correct interpretation? Probably...

[tonker] 17/12/2021 07:42

Hopefully this will do well this morning, Making up for some of my huge losses on boo.

[hpcg] 13/12/2021 16:37

Some interesting trades in the afternoon. Looks a bit leaky. I guess we'll find out tomorrow. I struggle to think it is anything Fool related.

[trident5] 12/12/2021 14:14

"...continues to make sensible acquisitions..." ?

Is there any evidence that previous acquisitions have been sensible?

[tole] 12/12/2021 13:45

https://www.fool.co.uk/2021/12/12/my-top-penny-stocks-to-buy-today/Penny stocks to buyThe first company on the list is the private jet broker Air Partner (LSE: AIR). Over the past two years, this organisation has benefited from two substantial tailwinds. Rising demand for cargo transportation, and higher demand for private jet services from the rich and famous, has helped the group outperform expectations. According to its latest trading update, during the six months to the end of July, the company's underlying pre-tax profit jumped to £3.8m, up 26.7% on pre-pandemic levels. The additional cash flow from operations gives the group the financial resources to pursue bolt-on acquisitions to expand its operations. In the past, the group has diversified into different sectors in the aviation industry by reinvesting cash generated from its existing operations.In August, Air Partner acquired Kenyon International Emergency Services, a leading emergency planning and incident response company.As long as management continues to make sensible acquisitions, I think this is one of the best penny stocks to buy today. I would not hesitate to add it to my portfolio. Some challenges it could face as we advance include economic uncertainty and competition. Compared to the multi-billion pound companies that dominate the aviation industry, it is a relatively small business.

[maverick38] 05/12/2021 16:54

CF and ACS both reported record 2020 results (about £50M) well ahead of AP and both from cargo. All 3 are following very different strategies. As Trident5 has shown, AP has spent significant shareholder cash to diversify. Time will tell if that will ever generate returns. To date, it’s still the broking business that’s sustaining the results.

[haywards26] 03/12/2021 16:18

Did anyone see AP's competitors Chapman Freeborn latest annual results?! Makes AP's Covid uptick look highly irrelevant....

Opposing strategies, one clearly hit the bullseye!

[trident5] 01/12/2021 18:49

More money to be splurged on acquisitions? Or to be paid to shareholders?

[rcturner2] 01/12/2021 18:08

In the H1 results the company said:

"Strong H1 trading performance; management upgrading financial expectations for FY 2022
Air Partner, the global aviation services group, is pleased to report unaudited results for the six months to 31 July 2021 (H1). The Company also announces today that it now expects performance for the full year to 31 January 2022 to be materially above market expectations."

[pulsey] 29/11/2021 11:30

george stobart26 Nov '21 - 14:29 - 2003 of 2005
0 0 0
the african variant will destroy humanity and will send this stock to 1p



Errrrr

Nope

[hpcg] 26/11/2021 14:50

AIR has reported good business in the US.