Amedeo Air Four Plus Dividends - AA4

Amedeo Air Four Plus Dividends - AA4

Best deals to access real time data!
Monthly Subscription
for only
Level 2 Basic
Monthly Subscription
for only
UK/US Silver
Monthly Subscription
for only
VAT not included
Stock Name Stock Symbol Market Stock Type
Amedeo Air Four Plus Limited AA4 London Ordinary Share
  Price Change Price Change % Stock Price Last Trade
-0.10 -0.32% 30.90 08:00:07
Open Price Low Price High Price Close Price Previous Close
30.90 30.90 30.90 31.00
more quote information »
Industry Sector

Amedeo Air Four Plus AA4 Dividends History

Announcement Date Type Currency Dividend Amount Period Start Period End Ex Date Record Date Payment Date Total Dividend Amount

Top Dividend Posts

fram7: Hi, am I right saying that that Amedeo expected dividend is around 16% per year? 1.25 p every quarter, 5p a year at 31 p per share? I believe this is a very appealing dividend when compared to the limited alternatives in the market? Regards, F
cousinit: It does look OK on IG but I did notice that it had all been rebooked today. Can't see the original entry but suspect that it's slightly less than previously. I do wonder if the plea to provide current bank details in the dividend announcement explains some of the delays. Probably insignificant, but I'm struggling to see why today's announcement couldn't have been incorporated into the half year results?
nicholasblake: Given very substantial cash being retained that seems skimpy dividend. Can’t see why they can’t do MUCH higher.
davebowler: Liberum; Lease agreement and debt restructure agreed on Thai Airways aircraft Mkt Cap £119m | Share price 27.5p | Prem/(disc) -61.7% | Div yield n/a Event Amedeo Air Four Plus has finalised lease restructurings with Thai Airways. Under the restructured leases, Thai Airways will pay rent on a power by the hour basis until December 2022. From January 2023, the leases will switch to fixed monthly payments (amount not disclosed). Under the terms of the restructured debt facilities, any surplus rent in excess of debt service and agreed cost contributions to AA4 will be used for principal amortisation. Three of the four aircraft leased to Thai Airways have been operated in commercial service. The final aircraft is due to re-enter commercial service in the coming days. Some rent has been received under the power by the hour arrangement. Liberum view There is no indication on the level of the fixed monthly payments compared to the prior lease. We believe the reduction in the monthly rental is likely to be approximately 40%. Data from Ishka indicates that market lease rates for A350s have fallen by approximately 30% since January 2020. The lease restructuring had been expected given the recent decision to return £30m to shareholders. The board had previously created a contingency reserve to cover 18 months interest and the cost of repossession, storage and remarketing of the A350 aircraft leased to Thai, in the event they were returned by the airline. The focus now turns to what the reinstated dividend payout will be and an announcement is expected shortly. We previously estimated the dividend would be slightly less than the most recent dividend of 1.15p (based on the number of shares prior to the capital distribution), as we expect the board will seek to ensure that the dividend is reinstated at a sustainable level. A dividend of 1.25p (equivalent to 1p per share on the number of share prior to the distribution) would equate to an annualised dividend yield of 18.2%. Real Estate
nicholasblake: With Thai bleeding quelled, oughtn't dividend rate to improve?
davebowler: Liberum; £30m capital return and intention to reinstate dividend Mkt Cap £100m | Share price 23.0p | Prem/(disc) -68.0% | Div yield n/a Event Amedeo Air Four Plus will return £30m to shareholders by way of a compulsory redemption and also intends to reinstate a regular quarterly dividend (first payment to be made in Q1 2022). The board has also reported that lease restructurings with Thai Airways are proceeding satisfactorily and will issue an update when the restructurings are finalised. The £30m compulsory redemption is equivalent to 6.9p per share. 86.8m shares will be redeemed at a price of 34.55p per share. The proceeds represents the remaining undistributed capital that was received from the sale of the Etihad aircraft in February 2020 (£98.5m was returned in September 2020). The capital had been retained in order to provide additional flexibility. Liberum view The capital return and dividend reinstatement is an excellent result for shareholders. The restructuring with Thai Airways and the lenders hasn't completed yet, but we don't believe the capital would have been returned unless the board was virtually certain that a deal would be concluded. The board had previously created a contingency reserve to cover 18 months interest and the cost of repossession, storage and remarketing of the A350 aircraft leased to Thai, in the event they were returned by the airline. The key question now will be the quantum of the quarterly dividend. That will partly depend on agreements that are reached with Thai Airways on lease payments and the restructuring of the debt service schedule with the lenders. The expectation is that the lease will be amended to a power by the hour arrangement for a period of time before moving to a fixed rate lease. There is unlikely to be any excess income coming back to TopCo after debt service payments from the SPVs owning Thai assets. The dividend is likely to be lower than the most recent ad-hoc dividend payment of 1.15p (Q1 2021) as we expect the board will seek to ensure that the dividend is reinstated at a sustainable level.
robizm: I am surprised they are returning cash and paying a dividend as covid has not exactly gone away. They have time but some of their planes may be unsaleable at the end of the rental period.
gary1966: Personally would have preferred a special dividend but hopefully with 20% of the shares being taken out the quarterly dividend will be 25% higher than it otherwise would have been. Whatever the size of the dividend, it is nice to have it back again for next year. Hopefully it won’t be too long before they quantify the dividend. I would like to have that information before my shares are compulsorily purchased so I can make a decision about reinvesting the proceeds.
robizm: Good result and a dividend to come
ADVFN Advertorial
Your Recent History
Amedeo Air..
Register now to watch these stocks streaming on the ADVFN Monitor.

Monitor lets you view up to 110 of your favourite stocks at once and is completely free to use.

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

P: V: D:20220124 16:29:49