Amedeo Air Four Plus Share Discussion Threads

[grahamg8] 11/4/2024 16:27

Bought more xd through HL, no problem. Anyone who is worried about the Emirates commitment to the A380 should look at the quarterly reports from DNA2 and DNA3 which give a detailed view of what the plans are going forward. I think the difference is that DNA have planned to pay off the debt and leave the full aircraft value at the end of the lease as a balloon payment on liquidation. Whereas AA4 seem to be keeping some debt on the books and paying that off from the residual plane value. A higher risk strategy which is presumably balanced by a higher reward in the form of greater running yield. At least I think that is what is going on.

EDIT
Usefully the latest DNA factsheets were published a few minutes ago which I didn't know at the time of the original post.

[clive7878] 11/4/2024 09:15

Over the last year the fall in share price 47 to 40p has wiped out the 20% dividend,
then one could also be liable - depending on personal circumstances - to pay tax on the dividend,
so one could be out of pocket at the end of the day.

Price I am getting online is 36.05 / 39.70
The only one making money could be the MM.

[scrwal] 10/4/2024 21:00

The A380's will be flying for some time but the board made it clear in the interims that extending or creating new leases would be difficult and would carry significant execution risk and cost.

[clive7878] 10/4/2024 20:41

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.

[lonrho] 10/4/2024 10:32

No problem buying online on HL.

[robsy2] 09/4/2024 21:42

Bonkers. It represents opportunity.

[nicholasblake] 09/4/2024 19:03

@myretirementfund that was what I was referring to.

[my retirement fund] 09/4/2024 18:51

They called me back and explained it all. So this is a new consumer protection thing to stop fund managers from ripping consumers off. Basically, there are various criteria to allow online trading, such as the management charges not exceeding stupid percentages of the fund size as well as rules on transparency or disclosure. Amedeo have therefore, been excluded, but AJ bell will allow you to sell online or if you still wish to purchase, it's possible to speak to a senior investment dealer who will explain the issues and execute manually on a case by case basis.

[bdbd11] 09/4/2024 16:45

I've just checked my aj bell account and indeed it is restricted, even though I bought some there only a few months ago. It's worth putting in complaints for these things. The rules are patently absurd and have no common sense. II won't let me buy the IT, MVI, as it's not for private clients (even though I am a retired industry professional). Being an IT it obviously spreads risk over several holdings. However, if I want to buy shares directly in just one of the holdings on AIM, ADVT for example, they are fine with that. Just moronic. I could ride a book about just how bad the regulators were when I was working and it seems nothing has improved.

[nicholasblake] 09/4/2024 15:29

The UK has introduced Consumer Value rules for UK funds. AA4 is exempt but AJ Bell, as a UK provider is not.

For AJ Bell to continue AA4 would have to commission and publish an independent comparative study of running costs versus returns.

[my retirement fund] 09/4/2024 15:19

Wasn't able to get any sense from them what this means and why, but clearly being closed to private investors will be a long-term liquidity risk.

[my retirement fund] 09/4/2024 15:13

Yes, they have stopped dealings in this altogether on account it fails a "fair value" test.

[my retirement fund] 09/4/2024 09:50

AJ bell, have they stopped dealing in these?

[clive7878] 03/4/2024 21:27

Stock to go ex-dividend next Thursday - April 11th
We may see a slight price rise next week on Monday to Wednesday .

[clive7878] 26/3/2024 10:11

Market Makers may well be under pressure to push the price up soon,
if the stronger buying continues.

Thats now happening - Thursday, 28th -

it is never logical the price up and down as today it is going up when there are more sells than buys ?

[clive7878] 24/3/2024 10:42

rambuton2 - all makes very good sense.
believe next dividend payment is end of April.

[my retirement fund] 23/3/2024 13:01

I'm hoping not! I may wish to allocate some isa allowance just after!

[grahamg8] 23/3/2024 10:07

2wild we are on the same page. There may be a little more upside left on DNA2 but the potential as I see it is greater for AA4. Hence the switch, a bit more tweaking to do once we get into the new tax year. Perhaps the market will wake up when the next dividend announcement is made, most likely date is 3 April. For example HL are showing the yield as 13.72% which seems to equate to 3 x 1.75p, when the forward yield is just shy of 20% - 4 x 2.00p.

[2wild] 22/3/2024 20:27

Dna2 did well rising by around 25%, following the 120p compulsory purchase announcement. AA4 is oddly down following one at 64.5p, despite increasing dividend twice since.

Hopefully the bottom is in with Bid price up this morning and again this afternoon.

Should get another 2p quarterly dividend announcement within next 2 weeks.

[grahamg8] 22/3/2024 17:54

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.

[rambutan2] 21/3/2024 16:19

Added a few at just below 40p/20% yield. Just seems too low/high when I throw all considerations into my black box - state of Boeing, state of supply chain across the industry, years long waiting lists, shortage of pilots, staff and airport slots, no new wide bodies currently planned by anyone, statement by Tim Clark that A350-10 not buyable with current engine, 777x likely further delayed, boom in flying, Emirates wanting to grow further to take advantage and also to dull new competition from neighbours etc etc. And then there's a rejuvenated Thai and the (now much sought after) A350s. And the fact that the manager seems to know what it's about.

[clive7878] 18/3/2024 09:18

On teletext it said that a Boeing 737-800 after landing in Oregan was missing a fuseage panel - All passengers and crew landed safely. Another mishap for Boeing.
Believe it said that it was an older plane.
All happen to the 737 fleet to. Must give more confidence for those passengers who flow A380.

[clive7878] 15/3/2024 15:16

Seems to be illogical to sell a stock which is yielding 20%
and which is almost guaranteed to be paid out for the next 2 years,
as the share price can't keep on drifting as it has done of late, wiping out the dividend.

[2wild] 15/3/2024 14:31

Amazing. If I had £4 million would've brought them.