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 Shares Traded Last Trade
  0.00 0.0% 98.50 0.00 07:39:08
Bid Price Offer Price High Price Low Price Open Price
96.80 105.00
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Industrial Transportation 109.21 11.82 12.42 8.9 68
Last Trade Time Trade Type Trade Size Trade Price Currency
- O 0 98.50 GBX

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Date Time Title Posts
23/6/202122:20Avation - Fly to Let2,729
25/1/201312:03Avation traded on Plus753
01/10/201019:35Flying High?-

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Avation Daily Update: Avation Plc is listed in the Industrial Transportation sector of the London Stock Exchange with ticker AVAP. The last closing price for Avation was 98.50p.
Avation Plc has a 4 week average price of 97p and a 12 week average price of 97p.
The 1 year high share price is 175p while the 1 year low share price is currently 90p.
There are currently 69,488,124 shares in issue and the average daily traded volume is 41,149 shares. The market capitalisation of Avation Plc is £68,445,802.14.
riverman77: Harold, if it was a good price they would have mentioned it so suspect not and they sold at discount.
haroldthegreat: No details of price achieved or book value of the plane .perhaps they never declared that ?
wigwammer: In which case, avap aren't the "landlord", as you previously described.
russman: AVAP is a landlord not a retailer.
russman: The share price has risen off its lows. The Greeks have also risen.
paulbutcher1999: Yes he did a couple of times. Repeated most recently on 14 Feb. He concluded with this: “The bottom line is that with Avation’s market capitalisation of £71m less than half net asset value of £160m (254p a share), potential for pre-tax profit after debt service payments to recover to more than US$20m in the 2022/23 financial year (as per the financial projections given to bondholders), is simply not being priced in. As the heightened risk premium that has been depressing Avation’s valuation since I last suggested buying the shares, at 132p (‘Three undervalued small-cap shares, 5 May 2020) starts to unwind, and airline traffic recovers, the share price should literally take-off. Recovery buy.“
harrogate: Until we see a set of numbers with all this stuff built in and a resulting net asset per share number it is impossible to value the equity. That could be the June 21 balance sheet released in say Sept 21. Until then we are guessing. I am hanging on as I am guessing it is north of current share price
cc2014: "The current yield you describe reflects a perception of a company’s ability to generate cash to cover bond payments" No, the yield describes what borrowers are prepared to lend at. If I felt the yield at 125% was good value I would go and buy some in the market, the bond price would rise slightly and the yield dropping to 120% or whatever. But, no-one wants to buy those bonds, even at 125%. It's telling us something. Now consider the following. AVAP has to pay back $300m in May. If it had cash or access to cash it could buy these back itself for $225m right now at 75c on the dollar. But it can't because it isn't generating cash and no-one wants to lend it any cash. Sure, you are right and perceptions may change but AVAP are still stuck with the problem that even if all cash-flows immediately started tomorrow on all planes, in the current climate lenders now want a higher interest rate than pre-Covid. Effectively the margin AVAP were making in the middle no longer exists.
wigwammer: The current yield you describe reflects a perception of a company's ability to generate cash to cover bond payments - that perception can change rapidly, just like a share price. The yield as you calculate it - of course - changes as the price moves. Tail wag dog. What I'm interested in is what drives the price. So I ask again, any good reasons why investors won't buy associated bonds and equity in anticipation of a recovery in the aviation leasing market?
cc2014: With regard to 2,3 and 4 I'm sad to say companies not providing important information by omission has become common. (And why I'm sitting on lots of cash as there appears be be huge amount of inexperienced retail investors in the market bidding up share prices too high) I think this comes back to your point 1. The directors have a vested interest in keeping the share price up. Any answer to 1 is conjecture but my assumption was that despite the directors public statements about the company being undervalued, they wanted out whilst the market was bouyant. My view is that even before Covid they were carrying far more credit risk than the market was pricing into the share price.
Avation share price data is direct from the London Stock Exchange
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