Avation Share Discussion Threads

[sammu] 26/2/2023 10:48

Well it was a very vague statement, probably at the realisation that they should have highlighted this a little while ago, ahead of impending results. What more could we want - hopefully sufficient detail to come with results on the 3rd.

[paleje] 24/2/2023 15:40

Simon Thompson had a sum of parts value of 164p as of March 2022, he follows the stock so wouldn't be surprised to see an update from him next week. 'Significant' usually means a 20% beat as a rule of thumb but yes you're right faz, it doesn't mean diddly if you don't know market expectations. Bod could be a bit more helpful to PI's who don't get the broker notes.

[faz147] 24/2/2023 11:59

Amazing update from AVAP this morning! I'm invested for the long-term and not interested in selling for anything less than £2, so intra-day movements don't really bother me too much.

That statement from the company says it all though:

"the Company expects its financial performance for the full year ending 30 June 2023 to be significantly ahead of market expectations."

What more could we ask for?!

Has anyone got current market expectations/house broker estimates to hand for context?

[naplion] 24/2/2023 09:16

very quite board though for such great news

[a_game] 24/2/2023 09:10

it's always been under the radar

[naplion] 24/2/2023 08:37

new to this share, how come this share not on the investor radar . seems so undervalued , whats holding it

[paleje] 24/2/2023 07:24

Nice trading update, short and to the point albeit with dates mixed up.

[quepassa] 20/2/2023 07:57

Not a huge amount of Notes tendered. Then again perhaps not surprising given much improved financial strength of Avation and the juicy coupons on the Notes. They had been prepared to buy up to $100m of Notes.

Surely a sign that fixed income investors are regaining appetite for Avation debt after the pandemic. We can look forward to a reopening of the capital markets for Avation for further future issuance of Notes at significantly lower coupons.

Ignoring interest and legal fees etc, the balance-sheet impact is that they have managed to buy back under this exercise £7.055m of Notes for a consideration of £6.067m.

That's a beneficial impact of c. £1m to Avation but likely that legal fees and costs would have eaten a chunk of that amount.


ALL IMO. DYOR.
QP

[quepassa] 16/2/2023 08:31

a testament to the pent-up demand for aircraft as passenger numbers begin to soar back to pre-pan levels.

although some of this aircraft type have been repurposed to freight carriers.

can anyone track down who the buyer was - out of curiosity?


another good move by Avation which continues on the way back up.

all imo. dyor.
qp

[argylerich] 16/2/2023 08:24

Often there's a comment re book value, but not here. Needs must.

[harrogate] 16/2/2023 08:17

Good to get rid of that big lump. Helpful for cash flow. Need to get the other 3 placed / sold and then start to show the market how they can get growing again and start to move on from survival mode. Probably a bit cheap but always many moving parts with these guys.

[investor0109] 03/2/2023 08:50

Though a little lower than expected, trading update perfectly acceptable in my view and not a time to sell. NAV 2.5-3x higher than share price and airlines making good post covid comeback. Undervalued

[casholaa] 30/1/2023 13:48

I think we're finally off the ground. GLA & DYOR etc.

[casholaa] 30/1/2023 10:14

'Please fasten your seat belts'

[quepassa] 27/1/2023 15:43

A sign of both financial strength and corporate shrewdness of Avation in changing the price on the Notes which they are attempting to buy back.

Although, if it was me, i have to admit that I wouldn't be tempted to sell back given the improving financial health of Avation and the very juicy coupons!

all imo. dyor.
qp

[casholaa] 26/1/2023 17:44

Yeti could do with another atr too

[quepassa] 26/1/2023 17:41

Now up approaching 100% since May last year (2816 refers).

With China open and on the move again, this should boost Far East airlines enormously.

There is a big pent-up demand for both flying by passengers - and also for new aircraft by airlines.

ALL IMO. DYOR.
QP

[casholaa] 26/1/2023 15:46

Still taxiing but picking up speed I think

[carcosa] 15/1/2023 12:38

Not the AVAP aircraft. The AVAP aircraft is 9N-AMZ (MSN 986).

[mighunter] 15/1/2023 10:41

Registration 9N-ANC, if the correct suspect aircraft, does not appear to be the aircraft leased to Yeti by Avation. 9N-ANC being an ex Nok air delivered to Yeti in 2019. The Avation ATR72 (9N-AMZ) was delivered in September last year as per RNS.

[catsick] 15/1/2023 07:49

Looks like one of their planes might have crashed in Nepal, an atr 72 just went down , avap have one lease to yeti airlines there, very sad situation

[quepassa] 05/1/2023 08:22

Statement of the obvious - but clearly the re-opening of China borders and resumption of inbound/outbound air-travel with China - must bolster Avation's Far East lessee airlines and generally be very good news for Avation.

ALL IMO. DYOR.
QP

[quepassa] 14/11/2022 09:17

Excellent news in today's RNS.

New lender - major Japanese bank.
Fixed rate loan.
Prudent long-term Match-funding against lease income.
Cheaper margins/interest rate.

Extending/managing/optimising maturity profile of debt.

ALL IMO. DYOR.
QP

[greenroom78] 07/11/2022 12:41

There have been a few bigger trades late in the day for the past few trading days after a run of very small drip feed sells in the days prior. I would imagine a few orders have been filled and the price is freer again. It must be on a few watchlists and the break upwards will attract buyers (and sellers).

[harrogate] 07/11/2022 09:46

Lots of trades this morning. Wonder if it has been tipped. Although these days in these markets the usual tips seem to have little impact. There are always lots of moving parts at AVAP so not really sure what the next positive development could be. Bond buyback? Sell a couple of planes ? Further upward revaluation on aircraft? Share buyback? All of the above ?