Share Name Share Symbol Market Type Share ISIN Share Description
Air Partner LSE:AIR London Ordinary Share GB00BD736828 ORD 1P
  Price Change % Change Share Price Shares Traded Last Trade
  -3.75p -3.46% 104.50p 64,915 16:35:19
Bid Price Offer Price High Price Low Price Open Price
100.50p 108.50p 108.50p 107.50p 107.50p
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Travel & Leisure 48.51 4.75 6.90 15.1 54.6

Air Partner (AIR) Latest News

More Air Partner News
Air Partner Takeover Rumours

Air Partner (AIR) Share Charts

1 Year Air Partner Chart

1 Year Air Partner Chart

1 Month Air Partner Chart

1 Month Air Partner Chart

Intraday Air Partner Chart

Intraday Air Partner Chart

Air Partner (AIR) Discussions and Chat

Air Partner (AIR) Most Recent Trades

Trade Time Trade Price Trade Size Trade Value Trade Type
14:01:26108.501,2001,302.00O
14:01:25108.501,2001,302.00AT
12:48:05108.151,4001,514.10O
12:45:54105.652,4352,572.58O
12:29:34105.356,3556,694.99O
View all Air Partner trades in real-time

Air Partner (AIR) Top Chat Posts

DateSubject
24/9/2018
09:20
Air Partner Daily Update: Air Partner is listed in the Travel & Leisure sector of the London Stock Exchange with ticker AIR. The last closing price for Air Partner was 108.25p.
Air Partner has a 4 week average price of 105p and a 12 week average price of 105p.
The 1 year high share price is 156p while the 1 year low share price is currently 65p.
There are currently 52,217,565 shares in issue and the average daily traded volume is 84,155 shares. The market capitalisation of Air Partner is £54,567,355.43.
09/9/2018
08:17
marky60: Being a retired FD you'd think I'd know what a "particular expertise in financial disciplines" is supposed to mean. Is that something you don't normally expect from a CFO?Personally, I would have expected the new CFO to have had a strong auditing background given the recent history with AP.Good luck to her though. Hope we see the share price move up soon.
02/9/2018
17:00
lbo: They have no option but to keep buying more and try to average down their already losing position and to make matters worse the share price would be plummeting if they were not buying all the shares being dumped and their original position would be worth even a lot less.And Keith Ashworth has had close ties to Air Partner for many years even before the accounting scandalThis was back in January when share price was much higher and before the accounting issues became publichttp://m.citywire.co.uk/money/four-shares-the-pros-are-buying/a1081379"Ashworth-Lord increased his investment in the company by 1% to 10%. At a share price of 139.1p, the stake is worth £7.3 million. The shares have rallied from around 77p in mid-2016 to the highest the stock has traded since 2008, with the sharp fall in the graph above showing the impact of last January's one-into-five share split. The shares are held in the £247 million CFP SDL UK Buffettology General fund and feature as a top 10 position. Ashworth-Lord previously covered the stock as an equity analyst at WH Ireland"
16/4/2018
07:22
lbo: Interesting to learn Keith Ashworth has had close ties to Air Partner for many years. This was back in January when share price was higher and before the accounting issues became publichttp://m.citywire.co.uk/money/four-shares-the-pros-are-buying/a1081379"Ashworth-Lord increased his investment in the company by 1% to 10%. At a share price of 139.1p, the stake is worth £7.3 million. The shares have rallied from around 77p in mid-2016 to the highest the stock has traded since 2008, with the sharp fall in the graph above showing the impact of last January's one-into-five share split.The shares are held in the £247 million CFP SDL UK Buffettology General fund and feature as a top 10 position. Ashworth-Lord previously covered the stock as an equity analyst at WH Ireland"Also look back at the 2011 annual report and the bonus scheme introduced around the timehttp://www.airpartner.com/globalassets/investors/annual-reports/2011-annual-report.pdfAnnual bonus A new bonus scheme for senior executives was introduced in September 2010. The annual bonus is based on 100% of salary for on-target performance by Mark Briffa Mark Briffa was paid a salary of £172,058 and a bonus of £172,402 and he was paid significantly higher then 2010
13/4/2018
15:36
lbo: Or he no choice but has to support the share price otherwise the 12% he had already would be worth very little and would be hard to sell his position out ever. He was also showing "confidence" back in March buying shares at circa £1.40 before the share price fell on the back of the accounting problems. He bought about 2% in March so would be down 30% on those purchases alone. For every buyer there is usually a seller so we can assume there must be a large seller/s also around providing the shares into the market.
11/4/2018
10:08
lbo: Actually just looking at the fundamentals and the eps forecasts it only warrants a PE of 10 and that's not factoring in discount for the accounting scandal or loss of confidence in management or the hit to next years numbers due to the costs of this mess "costs and fees associated with the review will be expensed in the financial year ended 31st January 2019". And let's not forget the risk of some sort of fines and lawsuits yet. So the share price fall was in no way an overreaction but the share price was overvalued especially when you consider the very competitive markets it is in and the volatility it can experience in profits in a downturn.
09/4/2018
15:29
steeplejack: Quite,the MMs will avoid carrying a position here which all adds to volatility. Share splits.In this country,private clients like share splits.They like nothing better than crowing that they hold a million of this or that even if the share price is a fraction of a penny.This contrasts with the USA which is deeply sceptical of penny shares and in the USA if a stock falls below a dollar on NASDAQ,the company is obliged to have a share consolidation to get the price back up.Apple had a a share split sometime back but in general,US share subdivisions are rare.If a company hankers after share splits,it tells me that the management are not overly sophisticated in courting institutional investors (who wont give a stuff what the price is,theyre concerned about the rating.) Air Partner is a relatively small business and behaves like one.
05/4/2018
08:48
lbo: Measurenguy you must have very close ties to the company and are intent on attacking me and defending the indefensible. You seem to think an inflated share price based on false accounting and holding meetings not open to shareholders where more information is given to employees then shareholders is a good way to manage a business. We can only assume so you are both an employee and have bought shares and are still happy no matter the consequence to have made money based on false accounting and an inflated share price. I doubt other shareholders feel the same.
03/4/2018
20:21
topvest: Its odd that they did this in 2011 and 2012 as there were lots of legacy accounting issues at the time and they actually released surplus balances in 2012 after write-off's in 2011 and 2010. To give them the benefit of doubt, maybe it was more complicated and the customer had also advance paid. It maybe that the deferred income balance is a long listing and there are lots of debit balances mis-posted within. Three scenario's I think: 1. Its just an error and they have made quite a few of those on the accounting front. 2. It was a fraud and well hidden by whoever did it, but wasn't widespread which is why its taken a while to find. or 3. Its a wider fraud with collusion of the CEO and FD and therefore there is a chance that this is the tip of the iceberg. The share price is assuming a combination of 1. or 2. at this point in time. I would guess 2 is the most likely scenario. 3 would see the share price collapse a lot lot further. One further value-add point. Have they claimed the VAT back on the debt written-off? Maybe they haven't if they have journaled it to deferred income. Also, why was the RNS highlighted in yellow this morning? It almost looked like it was a draft RNS or an April fool. Certainly doesn't give a sense of professionalism! http://www.londonstockexchange.com/exchange/news/market-news/market-news-detail/AIR/13588426.html
03/4/2018
17:50
sleepy: Interesting to look back at their announcement from July 2011 (particularly last paragraph) - https://uk.advfn.com/stock-market/london/air-partner-AIR/share-news/Statement-re-potential-FET-liability/48500196 Air Partner has notified the Internal Revenue Service of the United States ("IRS") of a potential liability relating to Federal Excise Tax ("FET") due on certain flights. The potential liability relates to certain past flights contracted by Air Partner plc outside the US but involving a US destination. The Company and its US tax advisors are in preliminary discussions with the relevant authorities to understand and resolve any outstanding payments. At this early stage, the Company estimates the financial liability is likely to be in the region of GBP1 million. A provision for this liability will be made in the current financial year. Procedures within the Company have now been changed on the instructions of the current management team to ensure no further liabilities are created. There has been no change in trading levels since the interim management statement issued on 7 June and, as indicated at that time, general trading performance has remained positive. However, profit before tax for the full year to 31 July 2011 will be reduced as a result of the exceptional tax provision for settlement of the FET liability. Excluding the provision for FET liability, underlying trading remains positive, and the Group's focus on its core strategy continues to make good progress. The Board is not aware of any other legacy issues but, as a prudent step, Air Partner has appointed a top four accountancy firm to review control procedures and provide an independent additional assurance. There have already been significant improvements in processes and reporting procedures and Air Partner has significantly strengthened its financial management team over the past twelve months, with the appointment of Gavin Charles as CFO in July last year, Jim Bowden as Group financial controller in March 2011, and Andrew Wood, former CFO of BBA Aviation plc who joined the Board as a non-executive director in June of this year.
27/4/2017
16:15
masurenguy: A quick review by Paul Scott. Air Partner Share price: 112.3p (down 4.9% today) No. shares: 52.2m Market cap: £58.6m Preliminary results - for the year ended 31 Jan 2017. Just re-reading my notes from 15 months ago, when I concluded that this share looked quite interesting, with a big dividend yield, and a StockRank of 99 at the time. The share price was 388p then, so adjusting for the 1 for 5 share split in Jan 2017, that's 77.6p in new money. Therefore we've seen a 45% share price rise in 15 months - not bad. Although we're in a roaring bull market, most things are going up. The main activity of this company is aircraft broking, e.g. private jets for sports teams, HNW individuals, business people, etc. This generates 90% of the profit. There is another, consultancy division, which looks early stage - a distraction maybe? The highlights section shows a good increase in profitability. This looks to have come mainly from improved margins, rather than top line growth: Underlying EPS of 6.5p seems to be below consensus expectations of c.7.5p. I've done some digging, and the difference is down to a one-off higher tax charge in 2017/17. Stripping out that one-off impact, the results are actually in line with expectations. So that's fine. Dividends are a particular feature here - the company pays out most of its earnings in divis. The 5.2p divis for 2016/17 represent a fairly attractive yield of 4.6%. Balance sheet - this looks unusual, since the company receives substantial cash deposits up-front from its JetCard scheme. This is important, because of the £19.8m cash, £15.9m is actually money that belongs to customers using the JetCard. Since the company also says in the narrative that it intends moving this cash into segregated accounts, to reassure customers, then it's essential to ignore the JetCard cash when valuing the shares. Therefore, I would adjust the balance sheet by removing £15.9m cash. The other side of the double entry is to reduce deferred income by £15.9m too. So basically, the enterprise value figure will be wrong, and needs to be manually adjusted in this way. Overall though, the balance sheet looks OK to me. Outlook - sounds alright, but not exciting; Trading has commenced in line with the Board's expectations and this, together with the pipeline of work for the next quarter, means that we begin the 2017/2018 financial year with a degree of optimism Valuation - forecasts for the new financial year are unchanged at £6.4m normalised profit before tax. Although a somewhat higher tax charge is expected this year too, so EPS has been trimmed from 8.7p to 8.1p by one broker today. That gives a PER of 13.9, which looks about right to me. My opinion - it looks OK. We have to remember that this sector is very cyclical, so both profits and share price are clobbered when the economy turns down. For that reason, it's the sort of thing to ditch as soon as storm clouds are seen on the economic horizon. In the meantime though, I can see the attraction of a nice yield, and what appears to be a well-run business. I like the chatty narrative with today's results too - the company seems focused on delivering customer service, and repeat business, which seems very sensible. Overall then, it looks quite a nice company, probably fairly priced.
Air Partner share price data is direct from the London Stock Exchange
add chat code
Your Recent History
LSE
GKP
Gulf Keyst..
LSE
QPP
Quindell
FTSE
UKX
FTSE 100
LSE
IOF
Iofina
FX
GBPUSD
UK Sterlin..
Stocks you've viewed will appear in this box, letting you easily return to quotes you've seen previously.

Register now to create your own custom streaming stock watchlist.

By accessing the services available at ADVFN you are agreeing to be bound by ADVFN's Terms & Conditions

P:42 V: D:20180924 17:01:46