Amedeo Air Four Plus Share Discussion Threads

[rimau1] 05/5/2023 07:31

IAG have just beaten Q1 expectations, not our geography but North/Central America is back to pre pandemic levels.

[mattjos] 04/5/2023 23:39

"Despite widespread fears that an economic downturn and high airfare prices could derail consumers' appetite for travel, new security checkpoint data across New York City airports soared to a record high in the first quarter. "

[andyandyoj] 04/5/2023 09:57

And trades now going through at 45p. Some upward momentum restored

[someuwin] 04/5/2023 08:27

Added a few more. Locking in these super high dividends (16%+ currently) as this continues to recover towards pre covid levels.

[my retirement fund] 03/5/2023 15:23

Would explain why its not sensibly priced, I cannot believe we're not in the mid 60's let alone here in the mid 40's crazy but makes dividend reinvesting rewarding

[mattjos] 03/5/2023 13:00

i am wondering if the seller that's been around is a fund that no longer views 'aircraft' as suffiently Green/ESG/Woke or some other such cobblers

[mattjos] 03/5/2023 12:55

apols. edited.

[andyandyoj] 03/5/2023 12:53

It’s 7p not yet 7.5p - though I suspect that will come. This feels like it’s in position to do very well and if no capital growth it’s a great compounder for reinvestment.

[mattjos] 03/5/2023 12:47

(0.07 / 43.40)*100 = 16.13%
One of few places with +ve Real Yield

[my retirement fund] 03/5/2023 12:41

Someuwin been around for donkey years, good day to you sir!

[rimau1] 03/5/2023 12:17

Fair to say the investment case here is now significantly de-risked. $1bn of debt with 12 jets, emirates returning close to pre-pandemic levels and Thai Airways recovering. I guess bottom draw and appropriately wrapped to enjoy a 16% tax free return.

[return_of_the_apeman] 03/5/2023 12:16

Looks pretty impressive
Narrative improving, capital returns and a 16.2% div with 2.8x cover

[someuwin] 03/5/2023 07:13

3 May 2023

AMEDEO AIR FOUR PLUS LIMITED (the "Company")
(LSE: AA4, LEI: 21380056PDNOTWERG107)
Factsheet

The Company announces that its factsheet for the period to 31 March 2023 is now available on its website at An extract from the Chairman's statement within the factsheet is reproduced below.

The final quarter of our financial year was a watershed in some respects. Thai Airways, whilst still under court protection, switched from power by the hour (PBH) rent to the fixed monthly rentals agreed with the bankruptcy planners. The airline is operating our aircraft more and more as China and the rest of the Asia Pacific region continue to increase flight traffic.

This in turn meant that the Board was able to take a more confident view on the company's prospects, which resulted in the compulsory redemption returning £28m to shareholders. We also increased the regular quarterly dividend to 1.75p per share, being 7p per annum.

We remain aware that some shareholders want us to sell these aircraft as they currently do not contribute to dividend income. The Board continues to assess the variables that affect these aircraft to identify when it is best to realise their value for shareholders. The original leases were due to expire in 2029/30 and the original loan financing for the first 3 aircraft also expires at the same time. The leases having been extended by 6 years to 2035/2036, with the rent payable for the extension to be set by an appraisal process. Amedeo is confident that the package of aircraft and long leases has substantial value in excess of loan exposure and the funds diverted previously from shareholders to keep lenders current during the period when the airline was not paying rent due to its entering court protection.

We welcomed Tom Sharp onto the board on 19 January 2023. Tom is a director of Metage Capital and his experience in maximising shareholder value will prove invaluable. We have now refreshed the composition of the Board by introducing 3 new directors in the past 18 months who bring in a range of skills and fresh perspectives

Finally, you may have noticed that this factsheet has what we hope will be a much more useful and user-friendly layout. We also intend to launch a new website shortly. Amedeo has worked with Liberum to deliver this and we thank them for their help.

[mattjos] 26/4/2023 15:11

Yup, trickled in a few more recently as still seems remarkably cheap. The Feb Gap up has now surely been filled

[2wild] 13/4/2023 11:54

Dividend yield now 16.5% @ 42.5p. Discount to NAV circa 60%. Gearing over 200%.

[skyship] 12/4/2023 09:14

XD tomorrow...

[someuwin] 05/4/2023 11:10

Yes - Recovery from mid 2021 looks solid. Exceptional yield.

[mattjos] 04/4/2023 09:24

I too have had a few more this morning in my SIPP. Hard to ignore the dividend frequency & yield.

[skyship] 04/4/2023 09:00

Bought back in at 43.7p; though a slightly smaller allocation.

[glenbo1] 04/4/2023 08:48

The yield is 4% per quarter at the current price.

[2wild] 04/4/2023 08:25

April's quarter dividend confirmed at 1.75p. Added 4000 at 43.7p. Yielding 16%.

[mrscruff] 21/3/2023 21:13

They will be back for the next dividend. I think it is next month! Then perhaps a flight to Sri Lanka via Emirates. Love the seafood, fruit and people there.