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AVAP Avation Plc

113.50
2.50 (2.25%)
27 Feb 2024 - Closed
Delayed by 15 minutes
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
  2.50 2.25% 113.50 113.00 114.00 113.50 111.00 111.50 236,632 15:29:14
Industry Sector Turnover Profit EPS - Basic PE Ratio Market Cap
Equip Rental & Leasing, Nec 91.86M 12.19M 0.1753 6.47 78.92M
Avation Plc is listed in the Equip Rental & Leasing sector of the London Stock Exchange with ticker AVAP. The last closing price for Avation was 111p. Over the last year, Avation shares have traded in a share price range of 97.50p to 174.50p.

Avation currently has 69,535,124 shares in issue. The market capitalisation of Avation is £78.92 million. Avation has a price to earnings ratio (PE ratio) of 6.47.

Avation Share Discussion Threads

Showing 3726 to 3750 of 3750 messages
Chat Pages: 150  149  148  147  146  145  144  143  142  141  140  139  Older
DateSubjectAuthorDiscuss
16/2/2024
14:45
Not a set date but usually by now
harrogate
16/2/2024
14:43
Sifting through previous rns's there doesn't appear a set date for TU's or Interims
casholaa
16/2/2024
14:18
Strange that they haven't issued a trading update this year. They usually do in Jan or early Feb.
harrogate
16/12/2023
12:40
Can anyone think of reasons why:

- Nobody was found to buy Oceanwood's stake for more than 79p?

- The company itself was not willing to outbid (say, 80p) to take Oceanwood's stake? If 79p truly was a good value buy then Jeff would personally benefit a lot from the company buying Oceanwood's stake itself.

vikb
24/11/2023
13:59
Why would jeff sell at a discount to nav, just as easy to sell off all the assets which could probably be done over 24 months close to nav, not worth entertaining a bid under 200
catsick
23/11/2023
14:29
So no price mentioned on the takeover proposal, just that it was in the summer. The price was loitering around that 122p mark in June before falling toward 100p as the summer passed.

So was it a premium to the offer in June or more likely an opportunistic premium on the fall later on?

Nothing irregular in the price movements over the summer months to suggest a price. If the market got a sniff of the price today, or shortly, then maybe they come in and buy bigger to bid the price up. It looks like sellers in size guarding that breakout above 130p and no real inclination for a move higher right now. It has had a decent pop higher already on the stake building.

If they couldn't get the financing in the summer, probably less likely now, but I wonder if they will eventually come back for another go.

It looks worth keeping an eye on.

All imo
DYOR

sphere25
23/11/2023
14:15
Read the posts on here for the last few weeks
harrogate
23/11/2023
14:05
The largest shareholder is Oceanwood. When I Google that, there are reports that it is closing down. Would be grateful for an explanation if anyone is across this.
kittym
23/11/2023
08:55
New largest shareholder surely looking for a deal to exit. But with a credible counterparty this time!
gaiusgracchus
23/11/2023
08:05
Interesting nugget in the AGM statement, approached during the summer regarding potential takeover albeit broker unable to verify funding package.
mighunter
17/11/2023
10:24
Here's an old article on Raper's investment approach :



.."As for investment decision process - this is a complex, multi-step process, but in general, I try to answer the following questions:

1) does this meet my minimum criteria for valuation (i.e., in general I won't buy anything more than 10x normalized free cash flow)?

2) does this have a strong downside protection (derived from asset value, or strategic value to an acquirer, or through potential strategic action)?

3) what does the market not understand about the value/quality of the business and how will that change in the next 12mos? i.e., what is going to get the market to view this asset like I do? What is the catalyst to rerate it?

Assuming all three of these criteria are met, then it can theoretically go into the book, provided point 3) is satisfied in spades - that is, I need to be fully convinced something is going to change, fairly imminently, as cheapness and downside protection alone are never enough.

I wonder what he thinks the catalyst for AVAP is - industry consolidation?

ATB

extrader
17/11/2023
07:51
Lets kick off with this recent podcast/YouTube video with Jeremy Raper in relation to Avation "So I raised an SPV recently and this is live, this is public disclosed. I've made the filing. So I'm, I'm not going to talk about the strategy or specifically the company. But you know, yeah I've raised, I've raised money and taken entities I manage have taken a 20 something percent stake in a listed aircraft leasing company in the UK called Avation, AVAP, this is, this is all public filings and you know my goal is to maximize value for all shareholders.It's a very, it's a very, it's ostensibly a very cheap equity and I have a number of ideas to to kind of create value for all shareholders. And I think, I think having more bullets in the gun so to speak will be beneficial to to all shareholders of the company."
harrogate
10/11/2023
10:28
I don't see why anyone would get ripped off. We are all guessing but I doubt this is a wait and see what happens. It seems to me that the AVAP ability to grow and the NAV is all about those ATR purchase rights. We haven't yet seen evidence of how they can get hold of those planes given ATR production schedules or fund them. An increase in NAV is going to be slow. My bet is they need a deal of some sort.
harrogate
10/11/2023
10:00
I think they are just looking to hold a position and see a convergence to nav, the assets are not that difficult to dispose of so. I don't think anyone will be ripping anyone off, these guys seem to gave got in cheap and happy to add to the position ,
catsick
10/11/2023
09:44
I am sure that it is a plan to rip off us long term holders.
Do not forget that when the share price was in the 250p to 300p range there was an offer on the table which was turned down by the board because they thought they could get better. I had built a stake 7 years preceding that offer so now a holder for over 10 years.

fishbournetrader
10/11/2023
09:41
I'm not sure I can imagine someone investing that much without having some form of communication early on?
argylerich
10/11/2023
08:39
I doubt they will offer but they must have a plan here as Oceanwood showed the sort of discount you need to get rid of a large holding. Maybe they are lining up a buyer. Would be interesting to know if Jeff has engaged with them
harrogate
10/11/2023
08:37
Offer coming ?
oapknob1
10/11/2023
07:32
Well these guys are certainly going for it. Over 25% from a standing start.
harrogate
03/11/2023
09:43
Lack of clarity regarding what?
a_game
02/11/2023
12:37
I'm out, I don't like the general lack of clarity here.
my retirement fund
01/11/2023
15:15
Note also the footnote

.."Following the above issue of Warrants, the number of Warrants in issue to staff is 7,510,000. There are also 5,857,408 Bondholder listed warrants (under code: AVAW.L). Assuming full exercise of all staff and Bondholder warrants this equates to 15.87 % of the Company's enlarged share capital. For transparency the Company intends to merge these two classes of securities prior to the end of 2023, which will reduce the total number of warrants in issue..

Not sure why this would reduce the total warrants, but signs of a general corporate tidy-up / simplification are always welcome, IMO.

ATB

extrader
01/11/2023
13:26
And the warrant sale by Jeff today. Notice the price has just trended up despite this ~£375k sale on the highly illiquid market for AVAP. I would hazard a guess Rangeley Capital was the buyer and Jeff providing them liquidity.
a_game
01/11/2023
11:33
This is indeed an interest development:

WARRANT GRANT AND DIRECTORS' DEALING

Avation PLC (LSE: AVAP), the commercial passenger aircraft leasing company advises that 485,000 share warrants have been granted to directors and other employees of the Company as set out below.

The grant of warrants is pursuant to the authorities and powers given by shareholders at the Company's last annual general meeting. The warrants have been granted subject to the Company's Remuneration Policy as long-term incentives. The warrants were granted by the board at an exercise price of 125.50 pence per share, and each warrant grant is on terms that one third of the warrants will vest at the end of each of the first three years from the date of grant but subject always to clawback under the terms of the Company's Remuneration Policy. The warrants are otherwise granted on customary terms for employee share remuneration.

my retirement fund
30/10/2023
16:44
That was a fast sale. No mention of price, though ?
my retirement fund
Chat Pages: 150  149  148  147  146  145  144  143  142  141  140  139  Older

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