Celsius Resources Share Discussion Threads

[gosgos] 14/11/2009 11:31

I have been thinking along similar lines. Leaving aside the ethics, though, if the company is worth c.£50m on fundamentals then the shares could rise sharply once options have been granted. They are planning to award 2.2m options and there are 97.8m shares issued. So the implied share price should be c.50p.

Buying at these levels would then seem to make a lot of sense. All speculation DYOR etc etc

[davydoo] 12/11/2009 19:14

Heres a cycnical take on it....

Share options are awarded to directors, and last years options are deep underwater at something like 80p. With the option price set on the date of approval, e.g. the agm, it suits the directors for the share price to be substantially lower.

Im not suggesting anything untoward, its just interesting to note who will be the major beneficiaries of this share price fall, and maybe i should take that as a sign to buy, but id still rather play CLA growth through Avation shares.

I read the annual report again today, and realised over 95% of shares are held by avation and the other major holders whove been involved since the float, therefore the shareprice is likely to move dramatically up or down, on small volume of tradable shares.

[gosgos] 02/11/2009 10:07

I think the most probable explanation is a known large seller. Hopefully just a fund who needs liquidity with the company helping them to find a buyer.

[davydoo] 30/10/2009 18:16

Interesting point about an announcement to the stock exchange, im not sure if they havent because its an aim share, or whether its only required on a share price rise instead of a fall. When ive seen them before its normally been to dampen speculaiton e.g of a bid

I re-read the CLA results today and was interested to note that they are looking to acquire 'leased' aircraft and not aircraft to lease. Its a subtle difference but says a lot to me about the conservative nature of this business, and even though I made the slightly tongue in cheek comment about them having done nothing this year, its important to remember this co is only a couple of years old, and there's many opportunities ahead, and all the while they arent buying aircraft they are reducing their gearing, as they have relatively short term loans compared to the life of the aircraft.

I'd hope CLA can pick off small leases from big players who are looking to be sold, but maybe are too big too swallow whole, e.g. ILFC and RBS Aviation

[sandbank] 30/10/2009 09:22

Nice to encounter some fellow AVAP holders here.

I can't see anything wrong with either CLA or AVAP and am tempted to buy more CLA but the spread is a killer

[gosgos] 29/10/2009 20:03

Hi both harrogate and davydoo
I am in both AVAP (original investment) and now also in CLA. These are both highly illiquid shares and I have bought (not too much) on the CLA drop because I can't see a reason other than a seller sitting in the wings. The results looked fine and I am a long term holder so can sit out the liquidity issue. I am surprised there has not yet been a "we know of no reason for the recent fall" RNS although I am not sure if these are required for AIM. Given how recently the results were released I am betting that this is an anomaly which will correct (upwards) but I may well be proved wrong ;-)

[harrogate] 29/10/2009 18:56

Hi

I follow this because I hold AVAP. There has been no consolidation obviously since they would have had to announce it weeks ago and what would be the point.

They always looked too high and based on the EPS they did it might be about right now ... Not sure but surely the strange thing is the sudden halving of the share price with hardly any trades... I have never seen anything like it

I agree there is no reason that next year should better since no new planes but looks a solid earner. I thought debt was fine given the lease payments they receive

A funny one - I invested in AVAP a while back at 14p and wished I had sold at 70p - You would have thought that AVAP still is the better value but it is PLUS and less liquid.

[davydoo] 29/10/2009 18:39

Can i raise a few points...? everyone seems to have been making bold one liner comments, but id be interested to know more on your thoughts

Why has it got to be a consolidation? Do you mean a 1 for 2 consolidation? because i dont see any benefit from doing that, and they would have had to announce that to the stockmarket.

Why is it a crazy fall? Maybe the share price before was crazy, especially if you compare it to the share price of its parent Avation plc. This share didnt get a single trade for months during the summer, so it wasnt a reliable price.

Why is it going to do well over a year or so? They haven't added any new aircraft this year despite having the funding in place, so what is it you think will make this year different?

What do you mean Debt Situation? One really good thing about this co. is the terms of their loans match the terms of their leases, so no worries about rre-negotiating debts mid lease.

Any addtions to your comments would be much appreacited, because im trying to understand whether to invest in CLA directly or through Avation.

Many Thanks

[double6] 29/10/2009 13:00

Is the Debt situation going to rear it's ugly head ??

[qs9] 29/10/2009 09:26

Am in today. Very small, but should do well over year or so.

[pre] 29/10/2009 08:16

extract from results just posted 2 wks ago....looks good to me:

'We are pleased to report that your company, CLA, has continued to prosper and
has weathered the turbulence in the aviation industry. Our consolidated net
profit after tax has increased 400% to GBP 3.2m. Earnings per share are 3.32
pence and the Balance Sheet of the group has been strengthened with an
augmentation in total assets to GBP 64.6m and Net Assets increasing to GBP20.4m....'

[pre] 29/10/2009 08:07

..yep crazy fall....should climb back up....

[zchanl1] 28/10/2009 21:29

Got to be a consolidation? No bad news as far as I can see...

[double6] 28/10/2009 20:37

No big sell yet declared - something brewing in the background ??

[double6] 28/10/2009 15:43

Big fall ??

[fergus7] 12/8/2009 11:02

in a word - yes

[kdixon148] 12/8/2009 10:58

So does this mean we get sod all?

[crab4t] 31/7/2009 15:59

same here-------Regards Crabby.

[jpuff] 31/7/2009 15:42

I got the same thing

[the dogsbody] 31/7/2009 12:07

From my Broker this morning-

CORDILLERA RESOURCES PLC -VOLUNTARY LIQUIDATION.

We have been notified that Cordillera Resources plc have intructed ReSolve Partners LLP to assist in the process of placing the Company into members' Voluntary Liquidation.

The Voluntary Liqidation is subject to shareholder approval at the Extraordinary General Meeting (EGM) to be held on 11 August 2009.

IF YOU WANT TO ATTEND THE EGM, OR VOTE BY PROXY, PLEASE CONTACT OUR CORPORATE ACTIONS ENQUIRY TEAM BY 04 AUGUST 2009.

[the dogsbody] 09/6/2009 12:57

While passing the time...............

I noticed there is exactly the same wording on the CVs for Mr Orr-Ewing
on both the Vatukoula Goldmines website (where he is Exec. Chairman) and the Cordillera Resources website (Non-Exec.Chairman).

However on the CLA website his VGM position is mentioned but on the VGM site his CLA position is left off. Obviously he does not want to advertise to VGM investors his association with CLA!

Same thing goes with the CV for the CLA Non-Exec. Director and Company Sec., Gregory Kuenzel. He mentions his Atlantic Coal position on his CLA CV but no mention on the ATC website of any association with CLA!

[jpuff] 09/6/2009 12:20

I'm still here hoping and waiting too!

[the dogsbody] 11/5/2009 08:00

Most definitely not forgotton about this one!

[theophilus] 26/1/2009 19:14

Market Release 26 January 2009

AVATION PLC

Announcement by subsidiary.

The Board of Avation PLC notes the announcement of interim results by its 51%
owned subsidiary Capital Lease Aviation ("CLA") this morning. The text of the
release can be found on CLA's website at and
on the London Stock Exchange website at

d=2076097&source=RNS and is included below in this announcement for the interest
of Avation's shareholders.

Capital Lease Aviation PLC
("CLA")

HALF YEAR RESULTS - 31 DECEMBER 2008

The Board of CLA is pleased to announce the unaudited consolidated interim results
for the period from 1 July 2008 to 31 December 2008.

HIGHLIGHTS:

- Income for the period: GBP 7,085,464;

- Profit after tax: GBP 3,429,326;

- Earnings per share (after tax): 3.51 pence

Jeff Chatfield, Executive Chairman said "Results for the half year were in line with
expectations given the obviously volatile operating environment. The aircraft that the
Company owns and leases have all performed well. We anticipate that further growth
is available as aircraft valuations may become more attractive to operating lessors
such as ourselves, as financial investors, banks and the like leave the sector and
release their aircraft into the market.

The CLA group continues to build on the portfolio of aircraft already established,
remains ready with its US$100 million warehouse finance facility to seek out and
acquire on potentially attractive terms, leased aircraft which complement and add
value to the existing aircraft portfolio."

The directors take responsibility for the contents of this announcement.

---ENDS---



Enquiries:

CAPITAL LEASE AVIATION PLC
Jeff Chatfield, Executive Chairman 07783 942 553

STOCKBROKERS
WH Ireland Limited 020 7220 1690

NOMINATED ADVISER
James Joyce, David Porter
WH Ireland Limited 020 7220 1666


Website


Directors' Review of Operations and Strategy

The Company's results reflect profits from lease income resulting from aircraft
acquisitions and the benefits of business systems put in place during our first year of
operations. The Company's fleet currently comprises of three F100's, two A321-200's
and one A320.

In October 2008, the Company secured approval for a US$100,000,000
warehouse credit facility sourced from a European bank. A further US$50,000,000
can be made available subject to a syndicated book build. Attractive
aircraft buying opportunities should be available to lessors, such as CLA, that have
financing facilities approved and a willingness to act.

In its future acquisition of aircraft, the CLA group aims to focus on the Airbus
A320 series and Boeing 737 family new generation aircraft as we believe these pose
the lowest risk given their liquidity, appeal, little need for special mission
customization and ability to remarket.

The risks to the business include typical aviation related risks, including but not
limited to, any downturn in the global aviation industry, fuel costs, finance costs, war
and terrorism and the like which may affect our airline customers' ability
to fulfil their lease obligations. Risks also include dramatic changes in exchange rates,
particularly changes in the USD : GBP exchange rate, for the sake of clarity it should
noted that all of the source lease revenues of the company are denominated in USD.

The business also relies on its ability to source finance on favourable terms. Should
this supply of finance contract, it would limit our fleet expansion and therefore
growth.






Richard Sinclair
Chief Executive Officer
On behalf of the Board of Directors of Capital Lease Aviation PLC
23 January 2009

HALF YEAR RESULTS

CAPITAL LEASE AVIATION PLC
CONSOLIDATED INCOME STATEMENT
FOR THE PERIOD 1 JULY 2008 TO 31 DECEMBER 2008

6 months ended 6 months ended
31 December 31 December
2008 2007
GBP GBP

From Continuing operations

Lease rental income 4,796,313 332,054

Other operating income 2,289,151 241,095

Total income 7,085,464 573,149

Selling, general and administrative expenses (579,116) (137,916)

Profit before depreciation & finance cost 6,506,348 435,233

Depreciation (1,476,469) (58,798)

Interest expense (1,405,620) (14,245)

Profit before taxation 3,624,259 362,190

Income tax (194,933) -

Profit after taxation 3,429,326 362,190

Pre-tax Earnings per share
-Basic 3.71 pence 0.38 pence

- Fully Diluted 3.51 pence 0.38 pence

After tax Earnings per share
-Basic 3.51 pence 0.38 pence

- Fully Diluted 3.32 pence 0.38 pence



CAPITAL LEASE AVIATION PLC
CONSOLIDATED BALANCE SHEET
AS AT 31 DECEMBER 2008

As at 31 December As at 31 December
2008 2007
GBP GBP
ASSETS

Current assets:
Cash and cash equivalents 1,301,700 9,452,278
Trade and other receivables 539,593 598,187
Total current assets 1,841,293 10,050,465

Non-current assets:
Plant and equipment 72,895,523 5,249,523
Total non-current assets 72,895,523 5,249,523

Total assets 74,736,816 15,299,988

LIABILITIES AND EQUITY

Current liabilities :
Trade and other payables 3,360,007 308,240
Loans and borrowings 5,843,286 -
Short term provisions 339,933 -
Provision for income tax 338,500 -
Total current liabilities 9,881,726 308,240

Non-current liabilities:
Loans and borrowings 42,194,982 3,793,967
Deferred tax liabilities 1,118,756 -
Total non-current liabilities 43,313,738 3,793,967

Capital and reserves:
Share capital 97,808 97,808
Share premium 10,743,621 10,737,735
Reserves 6,456,170 60
Retained earnings 4,243,753 362,178
Total equity 21,541,352 11,197,781

Total liabilities and equity 74,736,816 15,299,988



CAPITAL LEASE AVIATION PLC
CONSOLIDATED CASHFLOW STATEMENTS
FOR THE PERIOD 1 JULY 2008 TO 31
DECEMBER 2008
6 months 6 months
ended ended

31 December 31 December
2008 2007
GBP GBP

Cash flow from operating activities:
Total profit 3,429,326 362,190
Adjustments for :
Income tax 194,933 -
Depreciation 1,476,469 58,798
Interest expense 1,405,620 14,245
Interest income (5,766) (195,150)
Operating profit before working capital changes 6,500,582 240,083

Trade and other receivables (463,133) (598,187)
Trade and other payables 1,054,847 293,995
Short-term provisions 229,625 -
Cash from operations 7,321,921 (64,109)
Interest paid (1,405,620) -
Net cash flows from (used in) operating activities 5,916,301 (64,109)

Cash flows from investing activities:
Interest received 5,766 195,150
Purchase of plant and equipment - (5,248,482)
Net cash from (used in) investing activities 5,766 (5,053,332)

Cash flows from financing activities:
Proceeds from issuing of new shares, net of
expenses - 10,785,443
Proceeds from borrowings - 3,793,967
Repayment of borrowings (2,690,039) -
Net cash (used in) from financing activities (2,690,039) 14,579,410

Net effect of exchange rate changes in consolidating
subsidiaries (2,484,785) (59,779)

Net increase in cash flow 747,243 9,402,190
Cash and cash equivalent at beginning of period 554,457 50,088
Cash and cash equivalent at end of period 1,301,700 9,452,278

Approved by the board of Capital Lease Aviation PLC on the 23rd of January 2009.

The above financial information has been extracted from the management accounts
and has not been audited.

---Ends---

Enquiries:
Avation PLC 07783 942 553
Jeff Chatfield, Chairman

Advisor 0207 628 1128
Frank Lucas, Loeb Aron & Company


For more information, please contact

Avation plc