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| Share Name | Share Symbol | Market | Type | Share ISIN | Share Description |
|---|---|---|---|---|---|
| Amedeo Air Four Plus Limited | LSE:AA4 | London | Ordinary Share | GG00BQKNKR70 | RED ORD NPV |
| Price Change | % Change | Share Price | Shares Traded | Last Trade
|
|
|---|---|---|---|---|---|
| -0.50 | -0.79% | 62.70 | 10,988 | 08:00:00 |
| Bid Price | Offer Price | High Price | Low Price | Open Price | |
|---|---|---|---|---|---|
| 62.00 | 63.40 | 62.70 | 62.70 | 62.70 | |
| Industry Sector | Turnover | Profit | EPS - Basic | PE Ratio | Market Cap |
|---|---|---|---|---|---|
| Equip Rental & Leasing, Nec | 182.65M | 26.15M | 0.0860 | 7.29 | 192.06M |
| Last Trade Time | Trade Type | Trade Size | Trade Price | Currency |
|---|---|---|---|---|
| 13:54:09 | O | 1,000 | 63.40 | GBX |
| Date | Time | Source | Headline |
|---|---|---|---|
| 31/1/2025 | 07:00 | UK RNS | Amedeo Air Four Plus Limited Completion of Compulsory Redemption of Shares |
| 23/1/2025 | 07:00 | UK RNS | Amedeo Air Four Plus Limited Compulsory Redemption of Shares |
| 16/1/2025 | 14:24 | UK RNS | Amedeo Air Four Plus Limited Holding(s) in Company |
| 14/1/2025 | 16:18 | UK RNS | Amedeo Air Four Plus Limited AA4P Alpha (MSN157) Redelivery Condition |
| 09/1/2025 | 15:29 | UK RNS | Amedeo Air Four Plus Limited Dividend Declaration |
| 19/12/2024 | 14:30 | ALNC |  EARNINGS: Insig AI narrows interim loss; Eckoh profit falls |
| 19/12/2024 | 07:00 | UK RNS | Amedeo Air Four Plus Limited Half-year Report |
| 06/12/2024 | 13:32 | UK RNS | Amedeo Air Four Plus Limited Result of AGM |
| 15/11/2024 | 07:00 | UK RNS | Amedeo Air Four Plus Limited Notice of AGM |
| 06/11/2024 | 07:00 | UK RNS | Amedeo Air Four Plus Limited Factsheet |
Amedeo Air Four Plus (AA4) Share Charts1 Year Amedeo Air Four Plus Chart |
|
1 Month Amedeo Air Four Plus Chart |
Intraday Amedeo Air Four Plus Chart |
| Date | Time | Title | Posts |
|---|---|---|---|
| 31/1/2025 | 07:42 | AMEDEO AIR FOUR PLUS LIMITED | 1,420 |
| 17/4/2020 | 10:37 | Distributions | 6 |
| Trade Time | Trade Price | Trade Size | Trade Value | Trade Type |
|---|
| Top Posts |
|---|
Posted at 02/2/2025 08:20 by Amedeo Air Four Plus Daily Update Amedeo Air Four Plus Limited is listed in the Equip Rental & Leasing, Nec sector of the London Stock Exchange with ticker AA4. The last closing price for Amedeo Air Four Plus was 63.20p.Amedeo Air Four Plus currently has 303,899,361 shares in issue. The market capitalisation of Amedeo Air Four Plus is £190,544,899. Amedeo Air Four Plus has a price to earnings ratio (PE ratio) of 7.29. This morning AA4 shares opened at 62.70p |
Posted at 26/1/2025 16:39 by clive323232 Share price strong on Friday, cud have further to go tomorrow. MM on Friday were curtailing online buying, & trying to hold share price back. Are they getting short of stock? |
Posted at 23/1/2025 18:22 by kenmitch AA4 don’t know the final outcome yet, so the rest of us can’t either. As for risk/reward now;- it’s uncertain. AA4 is a very strong hold for those of us who bought the shares nearly 3 years ago who are getting a 20%+ annual dividend that could be increased again, and getting the entire stake back in dividends alone. So any value left in the share price is profit. But buyers now are getting a smaller dividend yield and taking a gamble on the final value of the planes leased to Emirates. |
Posted at 23/1/2025 17:34 by nicholasblake @iaconatron There are three sources of capital returns:1. Surplus cash. 23p/share at 30 September and some of that being distributed now; 2. Residual value of Emirates fleet. Although there have been some promising signs, the fact is that the A380s are discontinued so it is hard to see the residual fleet generating much if anything more than the bullet payments on the junior 'Emirates' debt; and 3. The residual value of the Thai fleet. Because AA4 got behind on the repayments here, currently all net cash flow goes to the lenders. And the planes are a depreciating asset. The share price already builds in something for this, just to breakeven. If the planes, which cost around $700m (now valued at $444m) depreciate at the same rate its hard so see material upside here. Bear in mind AA4 would have to negotiate early termination of the leases and early repayment of the debt. In summary, there are easier ways to get a return! |
Posted at 20/1/2025 11:17 by clive7878 Next year is an unknown factor when the leases on the Emirates planes need to be re-negotiated both for the dividend and share price going then forward. Not sure what the census of opinion is whether they will buy the planes or continue to lease. They may just continue to re-lease.Even adding the the dividend back on to the share price now it the total is less than it was before going ex-dividend, as many times before, but we have seen a fair rise of late. |
Posted at 08/1/2025 16:31 by boystown Simon Thompson update today:Bank this 13.7% yield and potential cash windfall Cash is building up at this high yielding aircraft leasing fund making the deep share price discount highly attractive. - Board considering additional cash returns - 13.7 per cent dividend yield - 47 per cent discount to NAV at spot exchange rates Interim results from aircraft leasing fund Amedeo Air Four Plus (AA4: 58.2p) make for an interesting read. Not only do they highlight a valuation anomaly that is likely to continue to unwind, but also an improving cash position that should support one-off cash returns to shareholders. Specifically, Amedeo holds cash reserves against shortfalls in the residual value of its fleet of six A380 aircraft (leased to Emirates) against loans outstanding, and has substantial maintenance reserves from Thai Airways (relating to four A350-900s leased aircraft) which continue to accrue and provide useful income in the form of interest. Of course, these will diminish as they are drawn down by the airline for qualifying overhauls. However, given the burgeoning cash position, the board are conducting an exercise as to what the likely need for cash will be in the next few years. Once concluded the directors will consider the best way to return any amounts surplus to requirements to shareholders. That seems highly likely. Amedeo’s total assets of £1.12bn include £900mn for the aircraft valuation and cash balances of £144mn of which operational cash accounts for £24.5mn (8p a share), excluding maintenance reserves and reserves for debt repayments. Although borrowings of £722mn account for almost 90 per cent of Amedeo’s total liabilities of £812mn, net debt is falling rapidly and is forecast by brokerage Panmure Liberum to be slashed from £578mn (September 2024) to £437mn (March 2026) and £335mn (March 2027). Debt being slashed and improving clarity over residual aircraft valuations So, with borrowings being cut and operational cash strong, then there is potential for surplus cash to be returned to shareholders as the board’s confidence in realising the residual values of the aircraft grows. Bearing this in mind, it looks a dead cert that Emirates will purchase all six of Amedeo’s A380 aircraft when their leases expire given the problems that both Airbus and Boeing have in delivering new planes to the airline. Emirates recently set a benchmark by purchasing the A380 aircraft from Doric Nimrod Air Two (DNA2) for $40mn (£32.4mn) per plane when its leases expired. Amedeo’s A380s leases mature between September 2026 and April 2028, but could fly into the late 2030s. The fund also owns two Boeing 777-300ER aircraft that are leased to Emirates until the summer of 2028. They have a strong secondary market that supports a valuation of £40mn per plane, and potentially far more. It’s worth noting, too, that Amedeo holds more than $100mn (£81mn) of equity in the four A350-900s leased to Thai Airways which will enter an extended lease phase in 2029. At that point the new rent must be negotiated, and the aircraft will either be refinanced or disposed of. The bottom line is that investors can you rely on a 2p a share quarterly dividend that underpins a 13.7 per cent dividend yield for the next seven quarters when the first A380 lease expires, and can expect additional cash returns in the interim, too. So, having delivered a 58 per cent total return since I initiated coverage (Alpha Research: ‘In the ascent for a profitable recovery’, 19 May 2023), I believe the share price discount to spot net asset value of 109.75p is likely to narrow further. Buy. |
Posted at 25/9/2024 14:23 by kenmitch There’s no way the share price is going to re-rate significantly and the AA4 NAV level is guesswork. The key for the share price will be the terminal value of their planes. And Managers have made it clear that they too are in the dark about that for now.The share price rise to 52p looked overdone and it’s not surprising that it is now falling back again. I hold AA4 having bought at 34p so now collecting a 25% annual dividend, so am not anti AA4. It’s just that posts suggesting further share price gains could suck in people who take too much notice of bb posters including this one, and not enough on absolute musts like the updates from the Companies they hold, or are looking to buy. |
Posted at 19/9/2024 10:04 by clive7878 AA4 share price seems now to be straight lining, although trades today are all blue. The Boeing situation must be a plus factor & cud be beneficial when they come to renew the leases or sell the planes. |
Posted at 13/7/2024 15:05 by clive7878 A lot of the A380 that are not flying will probably never will fly, so they can use them for parts. Emirates have been up dating the quality of seating to more business class and first class - that is where the money is - not on economy seats, that is why they are doing so well. If they are not going to build new planes, then the existing ones depending on the flying hours left, should be going up in price. I would have thought that some A380's should be flying for many year to come.My only concern with the share price we talk about an 18% dividend - we also need at least a flat share price to give this - but how the share price is performing should also be taking into account to get to a true net percentage gain - Oct 2022 it was 33p, Oct 2023 it was 46p (so effectively it was a lot more) - its been a bit bumpy since though. There has been quite some swings in the share price. Going forward ? |
Posted at 10/4/2024 20:41 by clive7878 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. |
Posted at 18/1/2024 17:44 by clive7878 Last time to sell to get the dividend was yesterday, Wednesday, 17th,that's why the share price dropped today, thought that was elementary especially more noticeable with AA4. Hopefully tomorrow and going forward the share price should remain static, the last 2 dividends before, the share price has fallen more than the dividend being paid, but I would have thought that this should not continue. Obviously if the share price falls the true net gain is less than the 18% currently being paid. The $64 question if one holds until July 2026 having collected a 20p dividend = 10 quarters at 2p - what is the real asset value going to be then, what is the share price going to be then, and what is the dividend going to be going forward. Mind you as inflation has fallen from 11.1 to 4%, the B of E should consider cutting interest rates - reported to be 1% lower by the end of 2024, if by the end of 2025 the B of E rate was say 3.5%, then that would make the share price even more attractive with an 18.8% dividend, as the banks would be quick to cut their interest rates payable then. But then what else in the pipeline for AA4 should increase the share price though. Much depends on the Emirates deal in July 2026. |
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