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Share Name Share Symbol Market Type Share ISIN Share Description
Doric Nimrod Air Two Limited LSE:DNA2 London Ordinary Share GG00B3Z62522 ORD PREF SHS NPV
  Price Change % Change Share Price Shares Traded Last Trade
  0.00 0.0% 73.00 139,766 07:00:00
Bid Price Offer Price High Price Low Price Open Price
71.00 75.00 73.00 73.00 73.00
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
General Financial 26.70 15.46 4.7 98
Last Trade Time Trade Type Trade Size Trade Price Currency
10:49:38 O 50,000 71.80 GBX

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Date Time Title Posts
22/10/202017:04Profit from airline leasing38

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DateSubject
25/10/2020
08:20
Doric Nimrod Air Two Daily Update: Doric Nimrod Air Two Limited is listed in the General Financial sector of the London Stock Exchange with ticker DNA2. The last closing price for Doric Nimrod Air Two was 73p.
Doric Nimrod Air Two Limited has a 4 week average price of 63.50p and a 12 week average price of 59p.
The 1 year high share price is 172p while the 1 year low share price is currently 50p.
There are currently 133,901,562 shares in issue and the average daily traded volume is 243,687 shares. The market capitalisation of Doric Nimrod Air Two Limited is £97,748,140.26.
13/12/2014
01:19
extrader: Hi Valhamos, Thanks for the feedback - and the lead to DPA. My partner is American and we spend some time Stateside every year (in fact I'm writing from California at the moment). So the USD aspect is not necessarily a negative ! In 'further fact', by coincidence , we must have flown here (to LAX) on one of the two Dreamliners leased from DPA by Norwegian Air...... On a customer feedback note, the plane was indeed quieter than my previous hops,the air quality the best I've ever had, so much less jet-lag; the seat configuration good, the food and inflight entertainment good. The larger shutterless windows were great for viewing, but not so good at keeping out the glare of direct sunlight (they're not physical shutters, just an electronically adjustable photo-sensitive pane). The ticket price was also v competitive, certainly better value than our usual United/Virgin/BA.... Coming back on topic, I'd imagine the residual value of a twin engine, 'standard' body long-range 787 would be higher than the A380, with its 4 engines, high passenger load requirement and special airbridges needed. So, more DMOR, but thanks again for the so far promising lead. ATB
12/12/2014
09:55
wirralowl: I'd be very cautious atm extrader, with news just out yesterday from Airbus, about potentially ceasing production of the A380, or upgrading the current version with more efficient engines. Made me wonder where this would leave DNA at the end of their leases, if either of those cases pan out: http://money.cnn.com/2014/12/11/news/companies/airbus-super-jumbo-a380/ http://www.independent.co.uk/news/business/news/fury-at-airbus-after-it-hints-the-superjumbo-may-be-mothballed-9919512.html Particularly worrying was the quote from Emirates boss, Tim Clark, who said 'the stance would not help the future second-hand value of A380 aircraft.' On the back of this news, I regretfully bailed on my holdings in DNA and DNA2, and intend to sit on the sidelines and see how this all unfolds now.
12/12/2014
04:32
extrader: Hi all, Looking at some medium term income for a couple of portfolios....and DNA2, running to 2023 and DNA3 running to 2025 seem to fit the bill as far as yield goes (around 8% at the moment). Question is : what happens at the end of the lease ie when debt has been paid off and we own the aircraft. What are they likely to be worth then ? Will the residual value leave shareholders with a capital gain, their capital back, or a capital loss ? Interesting article (a bit dated) suggesting that the outlook isn't too rosy.... With 36 A380 aircraft in the fleet as of late September and a further 104 now on order, the aviation community is trying to calculate what will happen to Emirates’ superjumbo fleet when the time comes to retire the type, at around halfway through its lifetime. Some analysts believe that, given a lifespan of 25 years, a proxy for the useful life of a modern widebody aircraft, the A380 will face problems in the secondary market when major leases come to an end after the standard 12-year term...... hxxp://www.ainonline.com/aviation-news/air-transport/2013-11-18/emirates-ponders-a380-retirement-plan Some punchy input from other industry analysts and a fairly subdued reply from Doric, I thought. Maybe a suitable investment on a 5 year horizon, but arguably not one to be holding when the music/lease stops ? ATB
22/6/2014
08:41
grahamg8: Well it's time to find some cash for my pension payout in July so I had a look at the Nimrods. DNA share price seems to be very stable. DNA2 most volatile and below recent highs but still above the March lows. So it could rise or fall. DNA3 below recent highs and so my strategy seems to be buy DNA3 into my ISA and sell an equivalent amount in my SIPP. ie lower chance of falls, some chance of a rise, and of course I keep hold of those juicy dividends.
22/1/2014
16:42
speedsgh: DNA - last published NAV (30/9/13) 101.69p - current mid price 116.50p - premium to NAV +14.5% - current yield 7.7% DNA2 - last published NAV (30/9/13) 193.09p - current mid price 230p - premium to NAV +19% - current yield 7.8% DNA3 - last published NAV (30/9/13) 92.74p - current mid price 110.50p - premium to NAV +19% - current yield 7.5% (once full payments of 2.0625p/qtr commence)
19/1/2014
17:31
grahamg8: onehand you can't look at DNA2 in isolation. Check out my posts on DNA #4 and DNA3 #2. As I suggeted DNA2 was overpriced and it has fallen, DNA seems to be the benchmark and down slightly whereas DNA3 has risen. Appx movements -5.5%, -1.5%, +0.9%. The relative prices have simply been sorting themselves out and now more nearly represent equal value than before IMO. You wont be surprised to learn that based on the sentiment expressed back in November I bought 1 and 3 and steered clear of 2. Got it right for once.
01/1/2014
11:56
onehandeconomist: This seems a good one to buy and hold and be happy with the yield. The risks seem to be well documented - mainly whether they calculated the residual value right in year 12 and, if you're a trader, the exposure to interest rate rises. But why is the price so weak? RSI is on the floor. c.6% off the high. Is this just early buyers, trading out? If you bought for yield and got two years of that yield handed to you as capital gain, may be I would cash out too. Or are we missing something more sinister?
28/8/2013
09:48
speedsgh: Trying to get my head around the DNA3 investment model. "DNA3's investment strategy is the purchase of four A380 aircraft, scheduled for delivery from September to November 2013, and leasing them to Emirates, each for a period of up to 12 years. DNA3 will aim to pay a dividend of 2.0625 pence per share per quarter, equivalent to an annual dividend of 8.25 per cent per 100 pence share. Under the terms of the lease, the airline is responsible for insurance and all other service, maintenance and repair costs. In addition to the regular yield of 8.25 per cent, once the lease has expired, the aircraft are likely to be sold and investors paid out from the residual value." The dividend is pretty straight forward + attractive. However I can't quite get my head around return of capital in the future. Presumably the planes are constantly depreciating assets. In post #6 WirralOwl notes projections of £1.69 capital on redemption i.e. pay current offer price of 109.5p now, get back projected 169p on redemption (are we assuming in 12yrs time?) and benefit from a fixed income of 8.25p per annum in the interim? Where does the projected £1.69 figure come from? Any help greatly appreciated. TIA
02/7/2013
15:11
wirralowl: Well done if you managed to get in on the initial offering, if so you'll already be showing a nice gain and an 8.25% div to come! Yes, saw the news, all looking good for DNA2 and nice quarterly dividend to receive.
02/7/2013
14:37
jaws6: yes .I got them.hope you get most info in that link post 5. hope you seen dna2 news today too.
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