Avation Share Discussion Threads

[babycheeky] 21/2/2016 13:15

Will you admit it ?

[babycheeky] 21/2/2016 13:14

You have got it wrong again.

[babycheeky] 21/2/2016 13:13

Messed up here didn't you mr liar.

[lucky punter] 21/2/2016 13:12

Listening to the Investor call again they speak of the problems at ATR and the 2 months delay in their ramp up. I guess that explains the January delivery to Flybe. The next 6-8 weeks should provide a depth of news with two Thomas Cooke deliveries and the ATR's.
I would like to hear more about the flagged Vietjet deal with deliveries later this year. Simply by size this a huge deal for Avation.

[babycheeky] 21/2/2016 09:58

You did it for years on STI and now you repeat this game here.

[babycheeky] 21/2/2016 09:57

So now are you going to start a series of lying posts.

[babycheeky] 21/2/2016 09:56

Got another one wrong then lying punter.

[lucky punter] 21/2/2016 09:00

I wondered if the $4.1m included the fees which are something like $1m. I believe that is confirmed by the CFO when questioned by the second speaker on the call.

[carcosa] 21/2/2016 08:06

At a guess:

7.5% GMTN notes of $96,770m give rise to US$605k/month.
Notes issued sometime in May (~7 months) = $4.234m versus $4.134m reported.

[russman] 21/2/2016 07:06

One of the callers queried the interest accounting.
GMTN interest cost adj $4,134.
I cannot calc this figure even if you assume none of the cash was used and you add all the amortised costs in.

[russman] 21/2/2016 06:06

No I hold shares in CLA.
I can only point to CLA's history; numerous positive statements that never "materialised".
Forgot to mention AVAP sold an ATR option for $305k.

[trytotakeiteasy] 20/2/2016 23:04

Russman - I think I spoke to a company official who said that the bond sale cash would be deployed in months....not really sure what is going on with Avation...

Always seems to be a case of "This time next year" we will be millionaires... the bullishness from the FD doesn't seem to match the financial results...

Maybe two years from now this will come right....

[luffness] 20/2/2016 08:34

Russman do you hod here? Or have a target price?

[russman] 20/2/2016 08:24

Listened to the conference call.
They have sold an old A320(CLA) this week.
Timing of bond sale was very bad; too much cash earning zilch.
All Cash should be deployed by June; still headroom on LTV.
Chinese delivery is delayed.
Air Berlin secure debt was 3.25%

[russman] 19/2/2016 11:34

It would help if AVAP could demonstrate they could match their cashflows to their lease book. The new pr firm did a good job.

[trytotakeiteasy] 19/2/2016 10:20

Still a case of growing fast and profit growth will come through later.

[russman] 19/2/2016 09:59

I will wait until after the "presentation". But:-
No news on future funding options.
Check accounting for CLA (99%) after delisting and effect on cash/LTV ratios.
This $3.7m going through parent reserves.
Warrant reserve seems too low.

[broadwood] 19/2/2016 07:55

Commercial passenger aircraft leasing company Avation's arnings before interest and tax increased 14.7% to USD17.9 million in the six months to the end of December.

Pre-tax profits fell to USD5.6m - down from USD7.0m last time - but pre-tax profit excluding finance costs associated with $100m unsecured notes issued in May, increased to USD9.7 million (31 December 2014: USD7.0 million).

Lease revenue increased by 14.4% to USD31.5m.

Executive chairman Jeff Chatfield said: ""Avation is an aircraft lessor that focuses on narrowbody commercial turboprop and jet aircraft. As at the date of this report Avation has 34 aircraft in the fleet.

"For the six months ended 31 December 2015 lease revenues increased by 14.4 per cent to a record level of $31.5 million (2014: $27.5 million). The weighted average age of the fleet has decreased to 5.2 years and the weighted average remaining lease term attached to the fleet is 5.7 years. The lease yield of the fleet for the period was 13.4 per cent.

"Since the beginning of the financial year, Avation has added five aircraft into the fleet. Avation has preserved cash raised from the $100 million unsecured notes issued under a Global Medium Term Note programme ("GMTN") to support the funding of further aircraft acquisitions. As additional aircraft are delivered, monthly lease revenues will continue to grow resulting in a significant increase in revenue in the second half of the financial year.

"Interest expense related to the GMTN added $4.1 million to finance expenses during the six month period to 31 December 2015. Excluding these costs, pre-tax profit from the leasing business increased to $9.7 million (31 December 2014: $7.0 million).

"Avation has increased lease revenue and EBIT and has further additions to the fleet scheduled in the remainder of the financial year. Excluding the interest expense associated with the GMTN, the leasing business showed significant improvement. The five aircraft delivered and the additional aircraft being delivered in the short term will result in increased revenues and offset the incremental GMTN costs and deliver scale to the business for the long term

[babycheeky] 17/2/2016 13:00

CuFeS2 has posted a good summary of lucky punter on the ATYM thread. This should be read to understand this poster. Supporting evidence is also on the STI thread.

[jamesjoel] 17/2/2016 12:53

FFS put the filter button on then

[lucky punter] 17/2/2016 12:26

So someone who does not know me has summed me up. I think I see your problem. Maybe you should just look at facts rather than your assumptions.

I think you have made enough of a fool of yourself even for you.

[babycheeky] 17/2/2016 12:13

Your intention is to mislead lp. Cu has summed you up on the ATYM thread. I urge posters here to read it.

[lucky punter] 17/2/2016 12:08

Why am I not aloud to trade now. I did not hold an inside position. Talking my book up?? Really. If I decide to buy, sell or hold what does that have to do with you. I would buy and sell on numerous occasions as I do with many shares. I sometimes trade 20 times a day but most of my portfolio is long term. Why would I tell anyone every time I trade. Just because I sell does not change the facts or my opinion on that share it is all down to the price and the next leg of the chart.
If you sell a few shares do you become negative; that is talking your book. I am always positive about the shares I buy; I just may not hold them all the time.
I am not an RNS, this is an anonymous board.
Are you for real.

[babycheeky] 17/2/2016 12:05

So there we have it lp you were talking your book up to trade it. You never posted you were trading lp all you ever did was post a story to attract others to buy so you could sell. Point proven yet again.


lucky punter
17 Feb'16 - 12:01 - 1499 of 1499 0 0

Mates with the CEO??. I know Bob Foster quite well and although I just have a peppercorn holding left I do stay in contact. I have stated previously that I do not hold a inside position there. Now babycheeky that is not a lie; that is a fact. I even went to meet with him in Eastleigh with several other posters on the ADVFN board at the time.
When things do not go the way you thought they were going to you have to look to yourself and your strategy. I did well trading at STI but a combination of a few bad investments, poor drilling results and a global collapse have slaughtered the share price. That is the way it goes and that may happen here at AVAP.
These are the variables that are difficult to account for and why every investor must do their own research rather than follow boards like these.
You need to let this obsession go, you are ill.

[lucky punter] 17/2/2016 12:01

Mates with the CEO??. I know Bob Foster quite well and although I just have a peppercorn holding left I do stay in contact. I have stated previously that I do not hold a inside position there. Now babycheeky that is not a lie; that is a fact. I even went to meet with him in Eastleigh with several other posters on the ADVFN board at the time.
When things do not go the way you thought they were going to you have to look to yourself and your strategy. I did well trading at STI but a combination of a few bad investments, poor drilling results and a global collapse have slaughtered the share price. That is the way it goes and that may happen here at AVAP.
These are the variables that are difficult to account for and why every investor must do their own research rather than follow boards like these.
You need to let this obsession go, you are ill.