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Share Name Share Symbol Market Type Share ISIN Share Description
Amedeo Air Four Plus Limited LSE:AA4 London Ordinary Share GG00BMZQ5R81 RED ORD NPV
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  0.75 1.8% 42.50 42.00 43.00 42.50 42.00 42.00 154,034 08:05:29
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Industrial Transportation 190.0 24.7 6.1 7.0 148

Amedeo Air Four Plus Share Discussion Threads

Showing 176 to 199 of 275 messages
Chat Pages: 11  10  9  8  7  6  5  4  3  2  1
DateSubjectAuthorDiscuss
21/12/2021
17:31
Now in at x-o.co.uk but absolutely no sign of it appearing at IG along with a number of dividends I and others are expecting.
gary1966
17/12/2021
14:34
Nothing in at IG or x-o.co.uk either.
gary1966
17/12/2021
14:21
nothing in H&L yet
fram7
17/12/2021
13:54
Yup in AJ Bell
my retirement fund
16/12/2021
15:49
Anyone received their money yet?
gary1966
16/12/2021
15:04
Out of interest:

The final Airbus A380 ever to be built has been handed over to its new owners, the Dubai-based carrier Emirates...

htTps://www.bbc.co.uk/news/business-59667835

rambutan2
16/12/2021
10:28
Given very substantial cash being retained that seems skimpy dividend. Can’t see why they can’t do MUCH higher.
nicholasblake
16/12/2021
10:06
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

davebowler
01/12/2021
22:01
Quite pleased. Hopefully, onward and upward. GL all.
casholaa
01/12/2021
14:49
@robizm at the time of that div Thai wasn’t paying lease rental, so parent was having to conserve cash to pay interest to Thai lenders from central coffers.
nicholasblake
01/12/2021
14:03
Lower income will be coming from Thailand
robizm
01/12/2021
11:14
With Thai bleeding quelled, oughtn't dividend rate to improve?
nicholasblake
01/12/2021
10:50
So after capital return, based on last nights closing price it could be left yielding something like 15% PA
my retirement fund
01/12/2021
09:19
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.

davebowler
01/12/2021
08:26
29p 26p spread is horrendous
robizm
01/12/2021
07:53
I would suggest their confidence is based on the Thai airways resolution. Emirates have continued to pay so no issue there.
gary1966
01/12/2021
07:51
Would you buy shares if you did not already own them? It is good news but need this new variant to be weak as travel bans are not good.
robizm
01/12/2021
07:43
Any thoughts on likely move in SP?
nicholasblake
01/12/2021
07:34
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.
robizm
01/12/2021
07:20
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.
gary1966
01/12/2021
07:16
Good result and a dividend to come
robizm
01/12/2021
07:04
Fantastic news!!!! was not expecting a capital return
pejaten
21/10/2021
22:46
It's ticker DPA from 16/9 from memory. Obviously might not be representative but only information I have found so far that might be
cousinit
21/10/2021
10:04
Hi, where do you get that specific detail on the Thai terms? I have been through various statement and announcements and haven't found the specifics?
tnw78
Chat Pages: 11  10  9  8  7  6  5  4  3  2  1
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