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| 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
|
|
|---|---|---|---|---|---|
| 0.50 | 0.33% | 154.00 | 194,868 | 16:28:51 |
| Bid Price | Offer Price | High Price | Low Price | Open Price | |
|---|---|---|---|---|---|
| 154.00 | 155.00 | 155.50 | 149.50 | 149.50 | |
| Industry Sector | Turnover | Profit | EPS - Basic | PE Ratio | Market Cap |
|---|---|---|---|---|---|
| Equip Rental & Leasing, Nec | USD 92.4M | USD 19.74M | USD 0.2785 | 5.57 | 108.77M |
| Last Trade Time | Trade Type | Trade Size | Trade Price | Currency |
|---|---|---|---|---|
| 16:35:24 | UT | 802 | 154.00 | GBX |
| Date | Time | Source | Headline |
|---|---|---|---|
| 03/12/2024 | 07:00 | UK RNS | Avation PLC Holding(s) in Company |
| 02/12/2024 | 07:00 | UK RNS | Avation PLC Holding(s) in Company |
| 28/11/2024 | 14:10 | UK RNS | Avation PLC ISSUE OF EQUITY ON WARRANT EXERCISE |
| 25/11/2024 | 10:11 | ALNC |  Avation aircraft sale frees up USD5 million for reinvestment |
| 25/11/2024 | 07:00 | UK RNS | Avation PLC SALE OF AIRCRAFT FROM ORDERBOOK |
| 20/11/2024 | 07:00 | UK RNS | Avation PLC PORTFOLIO FINANCING FACILITY |
| 18/11/2024 | 11:52 | ALNC | IN BRIEF: Avation declares first dividend since Covid pandemic |
| 18/11/2024 | 07:00 | UK RNS | Avation PLC AGM NOTICE AND PROPOSED FINAL DIVIDEND |
| 12/11/2024 | 07:00 | UK RNS | Avation PLC ANNUAL FINANCIAL REPORT SUBMITTED TO NSM |
| 08/11/2024 | 10:58 | ALNC | IN BRIEF: Avation signs 12-year aircraft lease deal with JCAS Airways |
Avation (AVAP) Share Charts1 Year Avation Chart |
|
1 Month Avation Chart |
Intraday Avation Chart |
| Date | Time | Title | Posts |
|---|---|---|---|
| 30/11/2024 | 17:59 | Avation - Fly to Let | 3,098 |
| 25/1/2013 | 12:03 | Avation traded on Plus | 753 |
| 01/10/2010 | 18:35 | Flying High? | - |
| Trade Time | Trade Price | Trade Size | Trade Value | Trade Type |
|---|---|---|---|---|
| 16:35:24 | 154.00 | 802 | 1,235.08 | UT |
| 16:29:55 | 154.00 | 370 | 569.80 | AT |
| 16:28:25 | 154.00 | 79 | 121.66 | AT |
| 16:28:25 | 154.50 | 71 | 109.70 | AT |
| 16:28:24 | 154.50 | 305 | 471.23 | AT |
| Top Posts |
|---|
Posted at 03/12/2024 08:20 by Avation Daily Update Avation Plc is listed in the Equip Rental & Leasing, Nec sector of the London Stock Exchange with ticker AVAP. The last closing price for Avation was 153.50p.Avation currently has 70,863,124 shares in issue. The market capitalisation of Avation is £109,837,842. Avation has a price to earnings ratio (PE ratio) of 5.57. This morning AVAP shares opened at 149.50p |
Posted at 30/11/2024 17:59 by feynzz2 I don't think Rangeley could have bought more as they were already over 25%, they could have sold some though. Anyway we should find out in the next couple of days who the buyer is. If its Azorra or any entity linked to them then it would spark TO rumours again. Anyone buying 14% of share capital at 150-155.5p must have a strategic objective. No one would buy this for the yield right and growth in NAV would be limited to 5% p.a. for at least the next couple of years until they can refinance the bonds. I do think its only a waiting game with AVAP. I think it gets acquired in the short term (i.e. less than a year). |
Posted at 30/11/2024 17:46 by bdbd11 My guess is that Rangeley bought the rest of the Oceanwood stake. They sold out at 72p if i remember rightly, leaving them with 2.4%. so probably happy to let the rest go at double the price. If that's the case, and Rangeley also bought the warrants, they must be close to a 30% stake. IMO this would also be very good news as they will want an exit, and would only pay that price if they still see substantial upside. I may of course be completely wrong. |
Posted at 30/11/2024 16:06 by feynzz2 It wasn't just the 3.69m warrants that were sold at 150p, another 6.5m shares exchanged hands in 2 block trades at 150p and 155.5p on 28th November. The total sum amounts to 14% of the company's share capital. It appears to be a single buyer although I am not sure who has sold the remaining c6.5m shares. I believe there has to be a TR1 on Monday. In addition, another 12m shares were traded between 16 October to 27 November without any notification of holdings which is odd for a company with a relatively small free float. Surely something is going on in the background. |
Posted at 30/10/2024 18:57 by harrogate Pretty unusual for such a press story to result in a share price going down on the day. Especially on such high volumes |
Posted at 21/10/2024 12:35 by bdbd11 I still think there is more to this rise than the normal course of buying an under valued asset. Let's not forget that pre covid the company/assets were 'up for sale' with 3rd parties interested. That took the share price over £3. If buyers are sniffing again, we should get nicely above £2 this time quite quickly. |
Posted at 26/9/2024 07:48 by bdbd11 Great results. NAV up. profits up, debt reduced. Yet the share price languishes at a 50% discount to nav. |
Posted at 02/6/2024 07:27 by z1co Really strong buying on Friday afternoon including a 24,000 BUY @ £1.43 reported after the close.With two profit upgrades in May , both WH Ireland and Canccord Genuity have raised their earning estimates. WH Ireland views the current share price discount to NAV as unjustified, given the substantial progress Avation has made in deleveraging its balance sheet and the broadly validated aircraft valuations in the market. Consequently, WH Ireland sees a fair value for Avation’s shares at 250p, suggesting significant upside potential from the current share price of 140p. |
Posted at 29/5/2024 06:34 by cf456 So WH Ireland, Canaccord and Simon Thompson all seeing significant upside in the share price from the current level then. All very positive.“WH Ireland sees a fair value for Avation’s shares at 250p, suggesting significant upside potential from the current share price of 140p.” “'Buy' is the rating with a target price of 280p with the shares trading ‘far below’ NAV.” |
Posted at 28/5/2024 21:26 by z1co Avation Plc: Capitalising on Aircraft Purchase Rights and Robust Lease GrowthMay 28, 2024 2:10 pm Avation PLC (LON:AVAP), has provided a trading update as of 24 May 2024, so DirectorsTalk Interviews caught up with WH Ireland Analysts John Cummins and Charlie Cullen for further insights. Q1: What recent developments have positively impacted Avation’s financial outlook? A1: Avation has reported significant positive developments, including an expected increase in the value of its ATR 72 purchase rights to approximately $115 million, up from $88 million at the end of 2023. This increase is due to the grant of new aircraft purchase rights and the extension of existing ones. Additionally, the company has seen an improvement in lease revenues and cash collections, benefiting from full fleet utilisation and a 19% year-over-year increase in international passenger air traffic reported by IATA. Q2: How has Avation’s recent sale agreement affected its financial position? A2: Avation has announced a sale agreement for two ATR 72 aircraft from its order book, which is expected to deliver $10 million of net cash proceeds at delivery in FY 2025E. This sale validates the substantial option value attached to Avation’s purchase rights and supports the company’s strategy of realising value through the sale or lease of aircraft. Q3: What are the updated forecasts for Avation’s net asset value (NAV) and share price? A3: Following the revaluation of purchase rights, WH Ireland has adjusted its forecasts, resulting in an implied 25% increase in NAV at the year-end. Consequently, the estimated fair value for Avation’s shares has been raised to 250p from 200p. Q4: Can you explain the strategic significance of Avation’s ATR 72 purchase rights? A4: Avation holds orders for 12 ATR 72 aircraft and 24 purchase rights, which allow the company to purchase new aircraft at a significant discount to their market value. These rights hold substantial option value, which can be realised through either the sale of aircraft upon delivery or leasing them over their lifespan. The recent extension of these rights and the grant of new ones have increased their value to $115 million, reinforcing their strategic importance to Avation’s business model. Q5: How is Avation performing in terms of lease revenues and cash collections? A5: Avation is experiencing robust performance in lease revenues, which are currently at $7.9 million per month. Cash collections have also improved, reaching 105% as airline customers repay COVID-19-related arrears. This improvement in financial metrics reflects the recovering demand in the air traffic sector and effective management of lease agreements. Q6: What are the potential risks associated with investing in Avation? A6: As with any investment, there are risks involved. Potential risks for Avation include fluctuations in international air traffic demand, changes in aircraft market values, and potential delays or issues related to aircraft deliveries and lease agreements. Additionally, macroeconomic factors and geopolitical events can impact the aviation industry, affecting Avation’s financial performance and growth prospects. Q7: What is WH Ireland’s view on Avation’s current share price? A7: WH Ireland views the current share price discount to NAV as unjustified, given the substantial progress Avation has made in deleveraging its balance sheet and the broadly validated aircraft valuations in the market. Consequently, WH Ireland sees a fair value for Avation’s shares at 250p, suggesting significant upside potential from the current share price of 140p. Q8: What are Avation’s future growth prospects and strategic plans? A8: Avation’s future growth prospects are bolstered by its valuable ATR 72 purchase rights and the strategic sale or lease of these aircraft. The company’s ability to capitalise on improving market dynamics and increasing international air traffic demand positions it well for continued growth. Additionally, Avation’s focus on deleveraging its balance sheet and improving cash collections further strengthens its financial foundation for future expansion and value creation. Written by: Anthony Fox |
Posted at 25/5/2024 18:53 by z1co FishbourneYou never know the share price could well rerate towards £3 again over the next 12 months now that the company's fleet is once again fully deployed after nearly 4 years. Damian Brewer, at Canaccord has a price target of £2.30 and is saying that the current share price is not pricing-in future revenue and profit uplift. The £2.30 target was prior to "significant profit beat" announced yesterday. No doubt guidance will now be upgraded for the current and next year. |
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