Amedeo Air Four Plus Share Discussion Threads

[mattjos] 13/6/2024 20:26

few more for me today. No problem buying / selling with Interactive Investor (other than annoying 'do you know what you're doing' prompt when pressing Buy).

[my retirement fund] 08/6/2024 12:45

I had this with AJ Bell and had to sign some silly form from memory. Honestly, the British regulators are cretinous. They will ban you from having convertible fixed income debt or investments that don't calculate assets in some particular manner. Yet will happily allow all manner of frauds to publicly list, particularly from the far east and I assume that Sheine will be another huge scam?

[hpcg] 08/6/2024 09:42

davebowler - the HL prohibition is on buying more, not on selling, so transferring isn't pertinent.

[andyandyoj] 07/6/2024 20:47

They did this on dna2 a while back. Q frustrating. And AJ Bell did this on AA4

[bagpuss67] 07/6/2024 20:23

Usual UK pathetic attempt at regulation...

[scrwal] 07/6/2024 19:45

Seems contradictory to stop buying in lump sums but it remains acceptable to continue to buy via dividend reinvestment or a regular savings plan. Wonder what the legal distinction is and criteria used.

[davebowler] 07/6/2024 18:12

Maybe you can still transfer it though....ii or AJ Bell??

[robsy2] 07/6/2024 17:13

Just got this from HL. I find this sort of thing overbearing. especially from HL who are clueless on investment and reputationally completely compromised during the Woodford debacle. They have slipped behind on all levels . Why stay with them?Because it is too difficult to unravel it all I suppose . Or maybe they have to do this because of the FCA?
Rant over.
Nice weekend all

Dealing restrictions have been applied to one of your holdings



Dear



Authorised fund managers are required to provide an annual fair price and value assessment for each of their investment funds.



We need assurance that this assessment has been completed to ensure the investments we offer are achieving good outcomes and delivering value for investors. We collect this from third-party providers.



The assessment for Amedeo Air Four Plus Ltd ORD NPV has not been made available to us from the third-party provider for the required period and so we’re removing the option to buy any more of the investment until it’s been received.



What this means for you



This means you can continue to hold it and sell at any time, but you’re currently unable to buy any more of the investment through us.



If, however, you have an existing income reinvestment or regular saving instruction into the investment, it will currently continue.



What happens next



We’re continuing to actively monitor this and will look to reopen the investment for investors to buy, if appropriate, when this information is made available to us. We’ll provide an update on the purchase status of your investment as soon as we can, but can’t guarantee at this stage when this will be.



If you have any questions about this, please contact us by replying to this message or call our helpdesk on 0117 900 9000.



This isn’t personal advice. If you’re unsure if an investment is right for you, please seek advice.



Meeting the needs of all our clients



If your circumstances mean you’d like extra support, or you have specific accessibility needs, find out how we can help. You can also contact us to find out more.



Yours sincerely

HL


If you can't buy it then you can't sell it either.

[andyandyoj] 03/6/2024 08:04

hxxps://www.thenationalnews.com/business/aviation/2024/06/02/emirates-boss-wants-troubled-boeing-to-foot-its-multi-billion-dollar-plane-retrofit-bill/

Keep 777 for longer and foresees delays in Boeing arrivals. Probably good for AA4

[pogue] 21/5/2024 21:23

Re-lease ones they are going to use buy the ones they are going to use for spares. Seems a logical thought.

[grahamg8] 21/5/2024 15:49

DNA2 beginning to look perky. Following AA4 lead or start of a general re-rate? We shall have to wait and see.

[return_of_the_apeman] 20/5/2024 07:26

250k late reported buy on Friday at 17:15

[grahamg8] 18/5/2024 10:33

I agree the managers are in the dark. The H1 report said somewhere in the range of $10-60m each. They might as well have said: shareholders why don't you have guess? AA4 leases end 4/9/26 to 13/4/28 but probably of more use will be the next DNA2 plane whose lease ends on 1/10/24. So far, as has been said above, Emirates have bought the earlier DNA planes. But no doubt they will re-lease if the terms offered look attractive.

[scrwal] 16/5/2024 21:10

Emirates have been only buying back the 380s but they were not part of the refit plans. We can only wait to see what happens to the next lot when the leases expire as this will give a pointer as to what Emirates want to do as well as giving credence to terminal values.
I think the assumption about lease renewals is a best guess at what will be done differently with the refit planes and has nothing factual to back it up yet.

[clive7878] 16/5/2024 20:29

kenmitch - I would not be surprised if you were right that AA4 Managers are as much in the dark about Emirates intentions as we are. You are also right about the - the $64 question in the air at present and that will affect the share price more than anything else is - what is the value of the their planes. It has been said that Emirates may well renew the leases when they are due to expire - but how concrete is this assumption and where did this view come from.
My own view - rightly or wrongly - is that the share price is still undervalued with a 20% yield and the my optimism in 2026 whatever agreed - sale of planes / renew of lease of planes - will work out in favour of the shareholders.
Whatever happens - the A380's will be flying for many years to come.

[kenmitch] 16/5/2024 11:58

40p share price and 20% dividend is probably as low as the share price will go this year, as a dividend above 20% seems unlikely, but any share price gains above 40p could be temporary. Big question that won’t get answered for a while is the likely terminal value of their planes. Those of us who have held longer term will be getting their money back in dividends so anything above that will be a bonus.Aren’t AA4 Managers as much in the dark about Emirates intentions as we are?

[clive7878] 16/5/2024 11:48

Be really bad for shareholders if the planes were actually bought, unless it was for a really good price. Maybe better if the leases were renewed, and some dividend was still coming in - maybe lower than at present though but maybe still good.

[andyandyoj] 16/5/2024 09:24

the only reason the price has gone up is because the likelihood of them buying the planes has increased with the refit news. A lease extension is also possible, but the current trend (e.g. DNA 1 and DNA2) is that they buy them.

[clive7878] 15/5/2024 16:23

The last thing I would have thought shareholders would want is for Emirates to buy the planes themselves or there to be a bid for the Company. It would be beneficial if things carry on as they are at present with a 5% per quarter yield, as long as the the share price does not fall to wipe this out as had been happening of recent times up to a month ago.

[2wild] 15/5/2024 09:04

Flying High, up 9% in 1 month, 14% in 1 year and 163% in 3 years.

[louis brandeis] 15/5/2024 08:53

The valuation of this stock is hybrid between the DCFs of the income streams from the contractual leases and the asset values of the aircraft. As the leases come to an end the greater part of valuation switches to the asset values of the aircraft (including debt). Those forward values at lease end (sale value) are reflected in the current discount to NAV. This means the large discount to NAV is to some extent meaningless as current asset values don't mean much unless the company was sold today. In other words don't look at the discount to NAV believing you are getting something for nothing because you aren't.

[andyandyoj] 15/5/2024 08:36

This also reads across to dna2 and dna3 where the possible implications are this year and next year (selling A380s)