Avation Share Discussion Threads

[catsick] 13/6/2016 11:18

The bonds are usd bonds listed in Singapore so its a local issue, Singapore is trying to encourage the leasing business, I am also based in Singapore and I have met Jeff here , apart from being about 15 feet tall he seems a decent guy and knows what he is doing as well as having plenty of skin in the game from previous successful ventures being reinvested into avap ...

[russman] 13/6/2016 09:38

I am looking at the S&P High Yield Bond Index.
Rating B : Any reason AVAPs bonds YTM is relatively high (I mean a lot).
Is it because they are non US-domicile.

[russman] 12/6/2016 14:49

CLA was delisted. There has not been an offer.Looks like you are stuck with me.

[russman] 12/6/2016 14:46

BoD are Australian.Listed 2 companies in London.Office in Singapore.90% of subs in Singapore due to tax break.Bonds listed in New York.Main shareholding held on nominee in Mauritius.Trojan Horse.

[a_mclart] 12/6/2016 08:36

HEY WOOZLE, that list on % you posted looks like it adds to more than 100%? Maybe some double counting there?

Maybe in investors interests are within the Nominees?

HEY RUSSMAN, I don't understand what you are on about? Wood? trees? what does all that mean? Do you trade shares or own shares in this company or not? You talk about CLA, I believe that Avation purchased all the shares it could and took CLA private?

My disclosure is I have bought and sold Avap a few times. At the moment Im looking for no cost natural Brexit hedges. Brexit if its comes to pass should be neutral - I think - for Avation????

[a_mclart] 12/6/2016 08:24

Is AVATION exposed to anything from a possible Brexit?

Airplanes are all in USD. The income is in USD so am I correct in assuming that there are no issues wit this one?

[catsick] 10/6/2016 16:24

Jeff buying some more bonds , at 91.5 they are not bad value, I may also have a nibble ...

[woozle1] 10/6/2016 13:54

Tax? Most trusts are in tax free jurisdictions. No dodgier than BVI etc

[russman] 10/6/2016 13:00

Why is his trust in Mauritius.

[woozle1] 09/6/2016 21:04

That's a pretty pucker share register and not that means anything if Jeff is a charlatan. It seems that the business is controlled by hedge funds via Oceanwood and GS nominees (who are probablt GS prime broker accounts).

[russman] 09/6/2016 13:12

I will give you a clue.Epsom forest.Wood for the trees.

[russman] 08/6/2016 17:03

I will go back to skool. Why dont you ask Jeff to put your percentages on AVAPs website.

[woozle1] 08/6/2016 15:40

this is from morningstar and Oceanwood have built a sizeable stake. Claims to be an event driven fund, which means they expect the business to be bought and judging by the size of their stake will want some say in the price. This figures do tally with latest RNS.

Oceanwood Capital Management LLP - 14,427,188 25.86
Goldman Sachs Securities (Nominees) Ltd - 12,083,140 21.66
Mr. Jeff Chatfield - 10,405,001 18.65
Oceanwood Global Opportunities Master Fund 6,677,012 13.68
HSBC Global Custody Nominees (UK) Ltd - 6,188,227 11.09
Chase Nominees Ltd - 5,331,140 9.56
Lynchwood Nominees Ltd - 5,189,197 9.30
Fitel Nominees Ltd - 4,996,318 8.96
Slater Investments Limited - 4,760,000 8.53
Prudential PLC - 4,200,000 7.53

[catsick] 08/6/2016 12:45

Yes I had shares in CLA and sold them out before it was delisted, The price was ok but not a gift, avap didnt want the expense of maintaining two listings for essentially the same businesses. I think there is a good chance at some point a bank or insurance co with cheap capital will find it makes a lot sense to buy a company like avap, Jeff will sell at the right price, first need to build the fleet up a bit and reinvest all the cashflow...

[russman] 08/6/2016 11:28

I cannot find an up to date significant shareholder list for AVAP. Not on the website.Which subs is Richard Wolanski a director of.He resigned from CLA.My agenda is clear.

[russman] 08/6/2016 11:09

AVAP started a sub to deal in A321s.It was called CLA Plc.Speaking as a CLA shareholder - Jeff is out of his depth.Tears of a Clown.

[carcosa] 08/6/2016 09:28

Must remember that AVAP are a minnow in the industry albeit one that is rapidly growing. Not all of the big boys have Aircraft or Engine manufacturers on their shareholder list. In fact in some respects that is a negative. Indeed aircraft and engine suppliers have toyed around with creating leasing themselves eg Pembroke for Rolls-Royce which did not end too well and had to be renamed and spun off as a separate entity years ago. Increased liability, market rigging and anti-competitive behavior meant these companies either had to get out of it substantially or conduct business very much at arms length.

AVAP's base is their ATR's but the new Airbus/Boeing aircraft are low risk because they are buying the aircraft from orders already placed by the airlines. Whereas the likes of BOC have to find customers for their new aircraft; not so much a problem when times are good but something of a higher risk.

[pj 1] 07/6/2016 20:40

Russman. Do you have a position here? Genuine question but what is your agenda?

FTAOD Im long

[russman] 07/6/2016 19:36

Usually the big boys have an aircraft manufacturer or engine supplier as a shareholder.
BOC have Boeing.
BOC have 80 737s on order.
Any chance of Airbus arriving @ AVAP.

[carcosa] 07/6/2016 13:27

WRT to post 1739:

"[Avations'...] undervaluation of the company is set to come into focus after this week's IPO on the Hong Kong Stock Exchange of BOC Aviation, the Singapore-based company that raised $1.1bn (£758m) at an offer price 1.2 times the company's 2015 post-money price-to-book ratio. By comparison, the UK small cap is priced on a 15 per cent discount to book value and rated on only five times likely earnings for the 2016-17 financial year."

Couple of things:
BOC is several orders of magnitude bigger than Avation and BOC is listed on overseas exchanges where valuations tend to be higher.

[russman] 06/6/2016 15:03

Tullet will quote. $200k nominal minimum deal.

[woozle1] 06/6/2016 12:10

Russ .. where are the bonds traded and how did you get a price?
W

[russman] 06/6/2016 11:31

Historic PER distant relatives.CAL : 9.5Air Lease Corp : 8. 9ATRs is a niche; do not have access to cheap capital in order to compete with the big boys.

[russman] 05/6/2016 15:07

Lets start with a relative BOC.BOC a sub of Bank of China.AVAP bonds trade @ 10% YTD.I am going to have a Bawl.

[russman] 04/6/2016 12:33

Still reading ST.