Share Name Share Symbol Market Type Share ISIN Share Description
Avation Plc LSE:AVAP London Ordinary Share GB00B196F554 ORD 1P
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  +0.00p +0.00% 278.00p 276.00p 280.00p 278.00p 278.00p 278.00p 2,738 08:00:00
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Industrial Transportation 94.0 20.1 31.7 9.0 179

Avation Share Discussion Threads

Showing 3076 to 3098 of 3100 messages
Chat Pages: 124  123  122  121  120  119  118  117  116  115  114  113  Older
DateSubjectAuthorDiscuss
27/9/2019
10:37
Director (Mahoney) exercised some of his warrants today at exercise price of 215p. He appears to be retaining the shares issued (56,667).
sogoesit
26/9/2019
09:26
An update by Avation would be welcome in due course.
quepassa
23/9/2019
20:40
The Avation presentation from our recent London company seminar can be found in our members area here: hTTps://sharesoc.ning.com/xn/detail/6389471:Comment:54217 To access the presentation, you'll need to be a full member of ShareSoc, which is a not-for-profit organisation that supports individual shareholders and campaigns for shareholder rights. If you're not already a member you can join here: hTTps://www.sharesoc.org/membership/ Once you've joined, you'll receive an invitation to register for our "members network" private social network, from where you'll be able to access the presentation (and presentations on 100s of other meetings). If you're already a member and have any difficulty accessing the report, please do not hesitate to contact us here: hTTps://www.sharesoc.org/contact-us/
sharesoc
23/9/2019
20:35
The Avation presentation from our recent Manchester company seminar can be found in our members area here: hTTps://sharesoc.ning.com/xn/detail/6389471:Comment:54215 To access the presentation, you'll need to be a full member of ShareSoc, which is a not-for-profit organisation that supports individual shareholders and campaigns for shareholder rights. If you're not already a member you can join here: hTTps://www.sharesoc.org/membership/ Once you've joined, you'll receive an invitation to register for our "members network" private social network, from where you'll be able to access the presentation (and presentations on 100s of other meetings). If you're already a member and have any difficulty accessing the report, please do not hesitate to contact us here: hTTps://www.sharesoc.org/contact-us/
sharesoc
23/9/2019
13:20
Yesterday passengers filled Thomas Cook planes. Those passengers will still want to fly whether holidays or flight only in the future. They will use another operator who will need planes to put the passengers in as most flights have very high occupancy rates. So, in the end it will make little difference to the industry except perhaps the price of flights and holidays will go up a tad as Thomas Cook were undecutting to generate cashflow. Of course it's not just AVAP's two planes coming on the market but the whole of Thomas Cook's leased fleet which is a signficant number of planes so I expect things may take a little while to work through, with all the leaseco's competing to shift the planes on.
cc2014
23/9/2019
12:58
Yes should be easy to place these given all the problems with the 737 max meaning there is a shortage of this size plane out there ...
catsick
23/9/2019
12:57
Yes. NAV is important. However NAV doesn't pay the dividends and service the debt. Cash-flow and profitability do. Not pessimistic at all. Wholly realistic and staring reality in the face, rather than blithely ignoring the new and sudden situation. Yesterday two of their top large aircraft were leased on a long-term lease contract. Today, they are not. But they still have to service the debt on them. This should not be a problem for Avation who have a phenomenal and unusual amount of cash for such a relatively small company (why so much, I have no idea.....) but the period of time for which the aircraft are out of lease pending finding a new lessee will have an impact. I am just interested to attempt to quantify that potential impact in pounds, shillings and pence. I am sorry but I don't read "lemonfool". You mention that "It's not too difficult to work out potential loss of profitability and it's relatively small". I would be grateful if you could kindly share your thoughts with us as to just how much this potential loss of profitability would be. Thanks. ALL IMO. DYOR. QP
quepassa
23/9/2019
12:33
QP, I think you are taking a pessimistic view (but I'm a shareholder, so only natural for me to say that!) On my post on The Lemon Fool I provide past examples of re-allocating A321's over the last few months from large airline bankruptcies; that gives you reasonable timescales to work with. It's not too difficult to work out potential loss of profitability and it's relatively small. Add back re-leasing the aircraft at a potentially greater net interest margin than with Thomas Cook, plus recoveries using the mechanisms identified in today's RNS, and by June 2020 results I doubt you will notice any material difference to profitability. If things go as well as they did with the Air Berlin aircraft then perversely profitability will increase. I have said before that high levels of profitability for an aircraft leasing company is counter-productive as its a sign of not being able to deploy those profits back into higher earning assets. This is why you will never be able to value aircraft leasing companies against FCF. There really should not be any! Hence as a long term investor it remains the NAV as the driving force for the share price for me.
carcosa
23/9/2019
11:50
Avap "anticipate" no material impact on "operations" according latest RNS. The word "operations" is in my opinion somewhat open to interpretation. I would have preferred them to comment on impact on profitability. The question for me remains as to how long the "down time " will be for the planes between repo and finding a new lessee. More than a couple of months of no monthly lease receivables will begin to make itself felt. Until repainted or whited out, the planes cannot effectively be put out to temporary charter. ALL IMO. DYOR. QP
quepassa
23/9/2019
11:27
Just announced from the company..... The Board of Avation PLC (LSE: AVAP), is aware of the announcements concerning the compulsory liquidation of Thomas Cook Group plc. The Company has two Airbus A321 aircraft with Thomas Cook plc. Avation has issued default notices and will as quickly as possible repossess the two aircraft along with their aircraft records. The Company has a remarketing plan and intends to remarket the aircraft in the ordinary course of business, the aircraft are of a popular type and are relatively new. The Company holds letters of credit as security for rent deposits and maintenance obligations in relation to the two aircraft. The Company will evaluate any impact on its business, however, at this time does not anticipate any material impact on operations.
davidosh
23/9/2019
10:55
In the grand scheme of things the effect is likely to be small. I wrote some thoughts here: Https://www.lemonfool.co.uk/viewtopic.php?f=33&t=6425 Highly unlikely to be any lease arrears more than 23 days IMO.
carcosa
23/9/2019
09:52
Surely there are two questions that we should ask ourseleves re TCG demise. 1) what percentage of revenue is derived from TCG. See this from June 2018 which shows about 8% and TCG is 4th largest customer by revenue. [...] Can't find anything more up to date. 2)What arrears are there on the lease payments from TCG to AVAP. Unlikely to see any of that cash. Could be quite a dent in cash position and profit for the half year results to end December. There is also no mention of Thomas Cook in the recent results announcement on 5th September.
brynos
22/9/2019
09:32
QP - TCG demise has been expected for months. Having listened to the AVAP management recently, I'd be surprised if they had not got a customer lined up already. So agree quick re-lease likely.
melody9999
20/9/2019
11:57
The airline is the profitable part of the TC Group but if the worst happens, I guess it will get caught up in the receiver shenanigans. Let's hope it's fine. Those are good aircraft and agree that in worst case scenario, there shouldn't be too long a gap between repo and re-lease, just guessing but maybe only one or two months... ALL IMO. DYOR. QP
quepassa
20/9/2019
11:22
Both are A321-200SL's and about 3.5 years old. Regn G-TCDM (MSN 7003) Regn G-TCDO (MSN 7055) It would be nice to think that they get repossessed very quickly as given demand for these aircraft they are likely to end up being leased for higher revenue. However, seems like things are likely to drag on...
carcosa
20/9/2019
10:11
Anyone know how many and which type of aircraft that Avation have out to Thomas Cook? ALL IMO. DYOR. QP
quepassa
19/9/2019
10:22
WH Ireland 19/9/19:- "Avation Upgrades following additional planned ATR 72-600’s Avation is a lessor of commercial aircraft to a diversified airline client base. Yesterday, the group announced that it had signed a 10-year lease with Braathens Regional Airways AM for four new ATR 72-600 aircraft. This takes the total number of ATR 72-600 aircraft due for delivery in FY 2020E to five, which compares to our previous assumption of three. As was the case with the August delivery, we understand these aircraft to be on finance leases as opposed to operating leases. On the back of this announcement, we have raised our two year earnings expectations by 16.8% and 8.5% respectively, which includes a gain on sale being recognised from these aircraft in the current financial year. Even so, we see scope for further upgrades to our estimates as additional aircraft are added to the fleet beyond those already on order. Our estimate of fair value stands at 352p, a c.19% premium to the NAV per share."
podgyted
18/9/2019
09:51
Because the discussion with US-Bangla are ongoing and there would still be an LOI or other contract intent that would prevent AVAP perhaps? Braathens might have configured their aircraft differently. Share sale yesterday was tiny and actually took place many days ago. It was the UT trade at the end of day that pulled the reported share price down and today it basically recovered. I don't see today's ATR deal having an influence on the share price to any great degree when it was already highlighted over the past few weeks. I see oil price and exchange rates as the highest risk to the share price in the short term.
carcosa
18/9/2019
08:46
Thanks. Why do you think that they didn't use one of the aircraft they have for this deal? The share sale announced yesterday knocked the shares it would seem.
harrogate
18/9/2019
08:41
I'd be a lot happier when they get those two ATR's sitting on the balance sheet placed with a customer. One, if not both is destined to complete the US-Bangla but would not be surprised if they are actively seeking new homes for them.
carcosa
18/9/2019
08:07
Today's RNS. Growth continues unabated. The new lessee, Braathens of Sweden:- hXXps://www.braganza.com/our-companies/aviation/braathens-regional-airlines Excellent news and more positive progress on the burgeoning fleet. ALL IMO. DYOR. QP
quepassa
08/9/2019
21:05
Avation present at our next Manchester growth company seminar on Tuesday which may be of interest to current shareholders and potential investors: hTTps://www.sharesoc.org/events/sharesoc-growth-company-seminar-in-manchester-10-september-2019/
sharesoc
06/9/2019
12:31
Great info. Thanks for the discussion and enlightenment on the swap issue. Good weekend.
sogoesit
Chat Pages: 124  123  122  121  120  119  118  117  116  115  114  113  Older
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