Air Partner Share Price (AIR)

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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
	+2.60p	+2.94%	91.10p	12,791	16:35:06

Bid Price		Offer Price	High Price	Low Price	Open Price
87.20p		95.00p	87.80p	87.80p	87.80p

Industry Sector	Turnover (m)	Profit (m)	EPS - Basic	PE Ratio	Market Cap (m)
Travel & Leisure	48.51	4.75	6.90	13.2	47.6

Related Shares
Compass Group (CPG), International Airlines Group (IAG), Boxhill (BOX), Challenger (CHAL)

Air Partner (AIR) Latest News

Air Partner News

Date	Time	Source	Headline
27/11/2018	16:12	UKREG	Air Partner PLC Awards pursuant to the Company's LTIP
26/11/2018	16:22	UKREG	Air Partner PLC Notification of Major Shareholdings
08/11/2018	15:34	UKREG	Air Partner PLC Director/PDMR Shareholding
06/11/2018	07:00	UKREG	Air Partner PLC Appointment of New External Auditor
30/10/2018	08:00	UKREG	Air Partner PLC TR-1: Notification of Major Holdings
25/10/2018	09:42	ALNC	Air Partner Interim Profit Falls On Higher Costs Despite Revenue Rise
25/10/2018	06:34	ALNCF	Alliance News Flash Headline
25/10/2018	06:01	UKREG	Air Partner PLC Half year results for six months to 31 July 2018
20/9/2018	06:01	UKREG	Air Partner PLC Notice of Results: 25 October
11/9/2018	06:01	UKREG	Air Partner PLC Notification of Results

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Air Partner (AIR) Discussions and Chat

Air Partner Forums and Chat

Date	Time	Title	Posts
19/1/2019	13:58	Air Partner	838
14/1/2019	09:59	Branson and Stelios...the Airship revolution is here ..ignore at your peril	49
24/9/2016	05:03	AIRLINES: Ready to Soar? Or Flying on Empty?	10
02/5/2014	17:39	Airbus - Things that fly	-
15/3/2009	11:33	THE CAR THAT RUNS ON FRESH AIR...OIL IS NOW DEAD	-

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Air Partner (AIR) Most Recent Trades

Trade Time	Trade Price	Trade Size	Trade Value	Trade Type
2019-01-18 15:02:20	91.50	10,000	9,150.00	O

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Air Partner (AIR) Top Chat Posts

Date	Subject
19/1/2019 08:20	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 88.50p. Air Partner has a 4 week average price of 80p and a 12 week average price of 80p. The 1 year high share price is 153.25p 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 36,751 shares. The market capitalisation of Air Partner is £47,570,201.72. Read Full Thread Reply
19/1/2019 13:35	pvb: Another fact is that on 31/5/2018 19:10, the day AP announced they were unable to publish their annual accounts, you, pvb, expressed surprise that the AP share price was holding up, before someone point out that trading had been automatically suspended as they had failed to meet the LSE deadline for filing. In my opinion THAT post was hilariously funny. Good to know I was able to help somebody have a bit of fun! ;-) Read Full Thread Follow Reply
19/1/2019 13:21	venek: Briffa did appoint the auditors and CFO who have now gone, signed off years of accounts that we now know where flawed, has now been busy signing off a series of accounts that have missed statutory filling deadlines, was COO during the Gold Air acquisition and closure and has now spent another £10mn on acquisitions that have yet to prove themselves (an in one case missed AP's own targets for it and whose training business is performing substantially below pre-acquisition levels). That is all fact and in my opinion concerning. Another fact is that on 31/5/2018 19:10, the day AP announced they were unable to publish their annual accounts, you, pvb, expressed surprise that the AP share price was holding up, before someone point out that trading had been automatically suspended as they had failed to meet the LSE deadline for filing. In my opinion THAT post was hilariously funny. Read Full Thread Follow Reply
08/11/2018 16:46	pvb: https://uk.advfn.com/stock-market/london/air-partner-AIR/share-news/Air-Partner-PLC-Director-PDMR-Shareholding/78647166 Read Full Thread Follow Reply
25/10/2018 16:29	pvb: Half year results out: https://uk.advfn.com/stock-market/london/air-partner-AIR/share-news/Air-Partner-PLC-Half-year-results-for-six-months-t/78534101 2.9% increased interim dividend of 1.75p Read Full Thread Follow Reply
02/9/2018 16:00	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" Read Full Thread Follow Reply
16/4/2018 06:22	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 Read Full Thread Follow Reply
05/4/2018 07:48	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. Read Full Thread Follow Reply
03/4/2018 19:21	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 Read Full Thread Follow Reply
03/4/2018 16:50	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. Read Full Thread Follow Reply
27/4/2017 15:15	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. Read Full Thread Follow Reply

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