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AA4 Amedeo Air Four Plus Limited

38.20
0.10 (0.26%)
26 Apr 2024 - Closed
Delayed by 15 minutes
Share Name Share Symbol Market Stock Type
Amedeo Air Four Plus Limited AA4 London Ordinary Share
  Price Change Price Change % Share Price Last Trade
0.10 0.26% 38.20 08:00:20
Open Price Low Price High Price Close Price Previous Close
38.20 38.10 38.20 38.20 38.10
more quote information »
Industry Sector
INDUSTRIAL TRANSPORTATION

Amedeo Air Four Plus AA4 Dividends History

Announcement Date Type Currency Dividend Amount Ex Date Record Date Payment Date
11/01/2024InterimGBP0.0218/01/202419/01/202431/01/2024
03/10/2023InterimGBP0.017512/10/202313/10/202331/10/2023
03/07/2023InterimGBP0.017513/07/202314/07/202331/07/2023
22/02/2023InterimGBP0.017513/04/202314/04/202328/04/2023
05/01/2023InterimGBP0.01512/01/202313/01/202331/01/2023
06/10/2022InterimGBP0.01513/10/202214/10/202231/10/2022
05/07/2022InterimGBP0.012514/07/202215/07/202205/08/2022
11/04/2022InterimGBP0.012521/04/202222/04/202229/04/2022
04/01/2022InterimGBP0.012513/01/202214/01/202231/01/2022
14/01/2021InterimGBP0.01521/01/202122/01/202129/01/2021
13/10/2020InterimGBP0.011522/10/202023/10/202030/10/2020
17/01/2020InterimGBP0.02062523/01/202024/01/202031/01/2020
11/10/2019InterimGBP0.02062517/10/201918/10/201931/10/2019
11/07/2019InterimGBP0.02062518/07/201919/07/201931/07/2019

Top Dividend Posts

Top Posts
Posted at 12/4/2024 21:54 by clive7878
AA4 price at 38.5p does appear to be illogically with an almost guaranteed 20.6% dividend for the next 2 years. The share price I would have thought can't keep on wiping out the dividend payment - its fallen 18% in the last 12 months.

The MM appear to be very sensitive when a few investors sell pushing the price down, but not as before it goes ex-dividend when investors buy they were not pushing it up?
They obviously accumulating stock and they may be holding too much stock, but then much of the stock is held by long term funds.
Posted at 10/4/2024 21:41 by clive7878
Capital gains limit is I believe is reduced in 24/25 year, which means more tax collected by the Gov. Its the sinical tax increases that people will not notice, like the personal allowance remaining static, pushing more earner into the 40% bracket.

Would have thought most deals today will be buys. Although be interested tomorrow when I believe they go ex-divi how much the share price may lose tomorrow. But surely they can't always be losing the dividend against a falling share price every quarter when they go ex-dividend.

No good having a high dividend if it is getting wiped out by a falling share price
In saying that AA4 is my biggest holding.

AA4 should be paying a 40% dividend over the next 2 years.
S64 question is what will the value of the share price be in 2 years time ?
and will the shareholders make an overall profit against a possible falling share price ?
But then why should it continue to fall ?

Boeing have taken a bashing over the last few years on safety - 2 bad crashes, 1 door falling off in mid-flight, and things have not got any better recently, so the A380's should be flying for some time yet.
Posted at 22/3/2024 17:54 by grahamg8
7 years ago I chose DNA as a better bet than AA4. I've started swapping some of my DNA2 into AA4 in order to make use of the longer time to lease end dates. The returns on AA4, DNA2 and DNA3 look pretty similar so I'm looking to keep the gravy train running for longer.
Posted at 04/2/2024 17:47 by clive7878
With the prediction that the Bank of England may start to cut the interest rates in the summer & it cud finished the year down from 5.25 to 4.25%, together with the fact that gas & electricity prices cud fall by 20% - pushing down inflation further - it cud make AA4 dividend yield more attractive - thus pushing up the share price.
Posted at 18/1/2024 17:44 by clive7878
Last time to sell to get the dividend was yesterday, Wednesday, 17th,
that's why the share price dropped today, thought that was elementary especially
more noticeable with AA4.

Hopefully tomorrow and going forward the share price should remain static, the last 2 dividends before, the share price has fallen more than the dividend being paid, but I would have thought that this should not continue. Obviously if the share price falls the true net gain is less than the 18% currently being paid.

The $64 question if one holds until July 2026 having collected a 20p dividend = 10 quarters at 2p - what is the real asset value going to be then, what is the share price going to be then, and what is the dividend going to be going forward. Mind you as inflation has fallen from 11.1 to 4%, the B of E should consider cutting interest rates - reported to be 1% lower by the end of 2024, if by the end of 2025 the B of E rate was say 3.5%, then that would make the share price even more attractive with an 18.8% dividend, as the banks would be quick to cut their interest rates payable then. But then what else in the pipeline for AA4 should increase the share price though. Much depends on the Emirates deal in July 2026.
Posted at 18/1/2024 15:14 by kenmitch
pogue

It’s basic must know information.

Ex div means what it says, excluding the next dividend.

So it’s very easy to understand.

If you buy on ex dividend dsy you will not get the dividend.

But if you sell on ex dividend day you will get the next dividend.

So if wanting to get the next dividend the final day you can buy to qualify for you to get it, is the day BEFORE the share goes ex dividend.

Ex dividend days are almost always on Thursdays.

The record date is a check to see all the investors eligible for the next dividend. The record date is almost always the day after ex dividend day.
Posted at 18/1/2024 12:05 by clive7878
The dividend yield should protect the share price even though it has gone ex dividend today. Hopefully we will not see the share price drop more than the dividend pay out, as per what has occurred in the last 2 cases.
Posted at 11/1/2024 14:16 by brynos
RNS on dividend just published.

The Board is pleased to announce an interim dividend of 2.00p per ordinary share. The shares will be marked ex-dividend on 18 January 2024 and the dividend will be paid on or around 31 January 2024 to shareholders on the register as at the close of business on 19 January 2024.

The cash position of the Company and the improved environment for long haul travel as well as the financial performance of the Company's lessees have resulted in the Company's ability to increase the Dividend from 1.75p per share to 2.00p per share.

We expect to be able to continue to pay a dividend of at least this amount until July 2026 after which the Company's leases start to expire. The rate of dividend is therefore likely to decline significantly after that date but will depend on the circumstances existing at that time.
Posted at 09/9/2023 12:20 by strollingmolby
Fund commentary from one of the largest shareholders, Staude Capital (via Mirabella Financial Services):

Notable holdings in FY2023

For the second financial year in a row, the largest positive contributor to performance was Amedeo Air Four Plus (AA4) - a special situation that GVF has held since 2020. In GBP terms, GVF’s investment in AA4 returned 77% in FY 2023.

As discussed in previous commentaries, what originally attracted us to AA4 was: a large amount of surplus cash; leases promising many years of significant income from Emirates; and what we felt was a compelling expected total return, even with pessimistic aircraft residual values factored in. AA4’s strong performance in FY 2023 comprised a mix of capital returns, dividends, and share price appreciation, each of which illustrates these attributes.

Capital returns came in the form of a £28M mandatory redemption by the company, through which GVF exited 12.5% of its holding at a price 105% higher than our carrying value at the start of the financial year. GVF has now received three such distributions of surplus cash, but we estimate AA4 still has considerable cash left and expect this to be returned in future years.

Dividend income represented 18 percentage points of the return in FY 2023. Emirates leases fund a mid-teens dividend yield, even after covering the costs of the entire company, and with some of the income held back to cover certain outstanding debt obligations at the end of the leases. During FY 2023, the company increased its quarterly dividend by 16.7%, albeit this was also a function of the reduced share count following the redemption of shares.

Finally, there was share price appreciation. In July 2022 another London-listed aircraft leasing vehicle announced it had agreed to sell its sole A380 aircraft to Emirates for a price of £25.3M. This was considerably higher than the market had been anticipating, and prices of AA4 and similar vehicles reacted accordingly as the market rebased its expectations. Sentiment towards AA4 and similar vehicles has also been helped by the continued rebound in air traffic, reports of a shortage of widebody aircraft, and continued delays in the rollout of Boeing’s 777X (seen as the replacement for Emirates A380s).
Posted at 21/8/2023 14:56 by andyandyoj
From the invitation to the webinar: Mkt Cap: £140m | Prem/(Disc) to NAV: -58.9% | Dividend Yield: 15.2%

Amedeo Air Four Plus is an aircraft leasing fund with a fleet of 12 aircraft (six A380s, two Boeing 777s and four A350s) leased to Emirates and Thai Airways. The aircraft are leased for 12 years from acquisition and the intention is to return capital following the sale of the aircraft. A positive industry backdrop may widen the range of options for AA4 when its leases eventually approach expiry.
Encouraging progress- AA4’s results for the year to March 2023 showed encouraging progress, with rent income rising by 29% and NAV per share by 24%. Over the year, AA4 returned £29m to shareholders and after the year-end, it raised the quarterly dividend to the current run rate of 1.75p (7p per annum).
Much improved backdrop - The recovery of the civil aviation industry from the trauma of the COVID pandemic continues. Demand for air travel remains strong. Industry capacity has not quite returned to pre-pandemic levels but is expected to happen within the next year. With new aircraft supply constrained by manufacturer supply chain problems, a supportive environment for second-hand aircraft values has emerged. This should provide AA4 with more options as its current leases approach their end in from late calendar 2026 onwards.
Dividend underpinned by Emirates - The run-rate 7p dividend represents a dividend yield of 15.2%. It is underpinned by lease payments from Emirates, the lessee on 8 of the 12 aircraft in the portfolio.

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