Celsius Resources Share Discussion Threads

[cwa1] 07/1/2014 08:10

Morning All

Well, if it's good enough for you esteemed gentlemen ;-) then I reckon I'll have a minuscule punt myself. Looks interesting and I would have some more but the long term chart has the look of death about it and I'm not entirely sure what the outer is going to be!


Good luck to all

[envirovision] 06/1/2014 21:20

Grabbed a few in the sipp today and joined you.

[badtime] 06/1/2014 21:05

took a nibble today

[dasv] 06/1/2014 15:41

I liked your cost per seat analysis too.

The net asset value versus valuation (on the face of it) makes CLA look appealing. I think I got my price to sales ratio wrong however - price to book for CLA is 0.6

[davydoo] 06/1/2014 10:51

thanks dasv, just had a look back at a few myself, interesting to read back what i thought then.

This one stood out:


davydoo
11 Oct'10 - 15:52 - 118 of 280 0 0 edit


I realised over the weekend that the AVAP price is now 5x the CLA price. A year ago it was about half the CLA price. Thats a 10x difference in investment performance

e.g. a £1000 CLA investment is now £250
a £1000 AVAP investment is now £2500

How amazing is that for two such similar companies?

We know the reasons, previously unrealistic CLA price, AVAP taking on the A320 lease and AVAP moving to LSE from PLUS, but my conviction to keep moving from AVAP to CLA is very strong now.

[dasv] 06/1/2014 10:29

davydoo - thanks for the posts and thanks for all the posts over the years on these threads - I have been reading your posts on the old PLUS thread for AVAP. It seems to me that there is a valuation anomaly here (CLA undervalued) but that it may remain overlooked for an indefinite period. I suspect AVAP will gradually buy out all the shares over some years. CLA may be too small a market cap for an insti to buy into in volume? (admit to not checking holdings RNS's for CLA as yet). I will read previous posts on this thread when I have more time.

[davydoo] 04/1/2014 20:35

Russman CLA are AVAP, it's not about their support or not.

This is both good and bad, the bad bit being any decent deal (like ARAN with Virgin) is better done within AVAP with 100% return not CLA with 60% return.

Dasv if you have time might be worth reading back through the old posts on this board, and the old AVAP board when they were plus listed. Both boards have been quiet and rarely attracted the usual ramping crowd. I frequently made comparisons between comparative valuations. My analysis may not be great but it's what I thought at the time, and it's harder to compare with hindsight.

Hard to believe but AVAP used to be valued at less than its share of CLA, I went all in on AVAP then. It did well, but reality was CLA was overvalued and fell from 60p to about 15p and has stayed there ever since.

I wouldn't rely on WHI forecasts they've been shocking, and early broker notes which I don't think are on the website now used to set ridiculous share price targets.

Also I would not describe CLA as having a yield, think it only paid one dividend once.

Glad to see your interest and analysis good for holders and potential holders alike.

[russman] 04/1/2014 19:44

Why pay a divi? AVAP do not need the cash or they would buy CLA. Refinance the balance sheet & ramp up purchases. With or without AVAP's support.

[wednesday6] 02/1/2014 18:46

The more I read the more I like, market cap barely changed in last 3 yrs, eps steadily rising but share price only 1.75p higher than 2011.
I think 2014 will be a good year for aviation companies and cla is certainly ready for a rerate.
a steady amount of buys over last couple of months but no rise? hopefully this will change after next set of results in February,
what do you make the nav value at moment?

[davydoo] 02/1/2014 16:42

Good luck wednesday6, the price has been in a tight trading range for over 4 years. I was sat in it for over 12 months once, before the ARAN deal convinced me to sell and go back into AVAP.

I suspect only a corporate action is going to change this.

Although the downside is limited due to the discount to NAV.

[wednesday6] 02/1/2014 13:55

ok davydoo had a read up today and had a punt, not looking for a quick return as these things take time and cla is currently off peoples radar, steady income and growth prospects plus a director buy at my entry price.
lets see how we go.

[russman] 01/1/2014 12:42

I hope that the lease extensions will enable CLA to raise capital on more favourable terms than 9.75%.

[davydoo] 19/12/2013 16:28

Good news I agree. Removes a lot of the costs associated with sale or re-lease to a new airline and gives a strong cashflow to support expansion plans.

Everytime AVAP rises in price the easier it becomes to justify using their paper to make an offer for the part of CLA they dont own. Then they can cut the separate board and market listing costs.

Im sure they'll do it one day, although the original investors may want at least 30p, which is the 24p issue price plus a modest amount for 6 years of inflation.

Still, thats below the NAV i think.

I no longer hold, but am starting to look again.

[callumross] 18/12/2013 11:48

Personally, can't understand why we are not up on this news as provides continuity of income for a further 6 years, one of the concerns I thought was holding back the price.

[davydoo] 18/12/2013 11:40

What do you think of the extension news Dave?

[davebowler] 18/12/2013 11:13

EXTENSION OF TWO AIRCRAFT LEASES TO 2021

Capital Lease Aviation PLC, (CLA: AIM), the aircraft leasing company, has agreed to extend the leases of two of its Airbus A321-200 aircraft on lease with a major European airline.

The leases will be extended to 27 February 2021 and 31 March 2021 following the expiry of their respective current terms in 2015. Rentals remain on the typical commercial lease rates for these types of aircraft.

Jeff Chatfield, Executive Chairman of the Company said: "I am pleased to announce the substantial and lengthy extension of these two leases with one of our long-standing customers. These lease rental incomes over the next eight years will provide a substantial cash flow to the group from a historically top tier lease customer."

-ENDS-

More information on Capital Lease Aviation PLC can be seen at: www.cl-aviation.com

Enquiries:


Capital Lease Aviation PLC
Jeff Chatfield, Executive Chairman [phone]
Nominated Adviser
James Joyce, W H Ireland [phone]
Company Stockbroker
W H Ireland [phone]
Blythe Weigh Communications
Tim Blythe / Eleanor Parry [phone]

[davebowler] 10/12/2013 15:07

DIRECTORS DEALING

On 6 December 2013 Peter Freeman, a Director of CLA, advised the Company that on that day he bought 30,000 CLA ordinary shares of 0.1p each at a price of 16.72 per share.

Following the purchase of shares, Peter Freeman's total interest in the Company is now 110,000 shares.

[davebowler] 05/12/2013 14:35

No, I prefer this.

[badtime] 29/11/2013 13:24

Dave do u hold any of the DNA's?

[davebowler] 28/11/2013 12:59

DNA 1,2 and 3 all trade at a premium to NAV!

[tradesmarter] 27/11/2013 21:09

Tipped faradayreserach microcap confidential
"value" due to assets of £29M vs maket value of £16M
High risk, but scope to close the valuation gap

[horndean eagle] 27/11/2013 18:28

does seem a bit bizarre that the number of trades in CLA were probably higher than in AVAP. Picking up on the link between the 2 is usually a bit out of the reach of your average Joe but could be wrong.

[davebowler] 27/11/2013 16:18

Not in my copy of the tipsheet.