Doric Nimrod 3 Discussion Threads

[sf5] 15/7/2021 16:10

Latest report here
Not much new - Emirates target having 30 A380s operating soon; other airlines are permanently retiring theirs. 'Soft' end-of-lease appraisal value of $50m per airframe sounds racy to me - but the appendix shows even after a 75% discount to that value there's still a potentially decent return from current share prices.

[nicholasblake] 22/4/2021 15:19

Have to try and find it...

[yieldsearch] 22/4/2021 14:55

nicholasblake: it would be GREAT if you could post that article or a link on this board

[nicholasblake] 21/4/2021 18:33

Saw article the other day in MSM which reported that the current resale value of A380s is ZERO.

[yieldsearch] 17/4/2021 11:26

300k dumped at 40.00 at the close....

[sf5] 15/4/2021 08:22

seems there's a desire to resume A380s at slot-restricted hubs.

[br1an] 01/2/2021 11:42

Divi credited last Friday with my iDealing.com account.

[rik shaw] 01/2/2021 11:36

Just arrived in HL account

[irishmatt] 01/2/2021 11:27

Which platform is that if you don't mind me asking. Not arrived in II yet

[riff1954] 01/2/2021 10:08

Yep credited to my platform account on the 29th Jan

[irishmatt] 01/2/2021 08:52

Anyone received the div yet?

[deanowls] 16/11/2020 10:09

If you go to the pprune rumor board and then Middle East you would get an idea of when they will be in Service!

[sf5] 16/11/2020 09:53

Emirates H2 figures just released
Doesn't give much of an outlook statement, other than anticipating steep recovery in demand once vaccine released. Talks of using 777s for freight.

[grahamg8] 11/11/2020 17:13

It's not necessary for our planes to be converted, just that more A380's are flying. That stimulates demand for spares, worst case. More chance that when the leases end Emirates or some other carrier can see some profit in keeping the older planes in the air for passengers or freight, best case. As I previously posted if all airlines are strapped for cash which they presumably will be for many years to come the quickest way to balance the books is to avoid or at least delay new plane purchases.

[sf5] 11/11/2020 16:19

Very interesting, thanks. It sounds a stop-gap measure as a proper freighter conversion had I thought been ruled out as structurally too difficult and not cost-effective. But 50 tons is similar to 500 passengers + bags, so not bad.
Actually volume has ended quite high today.

[br1an] 11/11/2020 15:27

"Emirates has started using Airbus A380s as cargo planes to meet a surge in demand for transported goods while awaiting a recovery in passenger air travel."

I doubt our aircraft involved here, but it is positive news.

[sf5] 11/11/2020 15:23

Interesting share price rise this week. Is it just the vaccine rotation effect (which has boosted most airlines) or is there news somewhere? Volume not especially high though.

[williamcooper104] 23/10/2020 09:54

It was - it's got a 20 yield and Emerities have just had $2bn of new equity I looked at this earlier in year - when you could make a decent return from the lease payments alone - couldn't get the tax to work as looked like was going to get taxed on the dividends - which is a tax on return of capital - so rather painful (my ISA/SIPPs are full)

[sf5] 23/10/2020 09:08

Apparently there was a comment in Questor column of Telegraph yesterday, 22 Oct. Does anyone have the gist of this - I don't subscribe?

[grahamg8] 15/10/2020 21:22

All reported today. Rise probably insider knowledge that confirmed dividend would be paid vs slight discount for risk that it wouldn't. Best news is that Emirates have confirmed A380 is profitable on at least some routes even under covid conditions.

[sf5] 15/10/2020 17:49

Well we have another dividend in the bank - seems we can live only from qtr to qtr currently.

Interesting half yearly report
So Emirates have returned 10% of their A380s to some sort of service, though none of 'ours'. Essentially current share price reflects all future div payments and nil capital return , or some combination of a residual value and reduced divs.

Was puzzled by the small rise in share price earlier this week. Insider knowledge, or maybe one of the other DNA companies reported a couple of days earlier?

I also note that LGIM substantially reduced a few weeks ago.