Doric Nimrod Air One Share Discussion Threads

[danieldruff2] 16/11/2017 07:24

First leased A380 is returned to leasing company and put into storage

[danieldruff2] 13/11/2017 10:31

Emirates goes cold on A380

[grahamg8] 06/11/2017 17:40

The Bloomberg article gives me great comfort. It's the first independent view on the future value of the planes and is dead in line with the DNA figures - $110m at launch and $104m now. We still have five years to go but the shares should eventually start showing a price rise on asset value, not just pinned on the dividend yield.

[grupo] 03/10/2017 10:28

ancestry dna

[danieldruff2] 27/7/2017 13:08

A380 production cut again

[danieldruff2] 23/6/2017 09:18

Recent industry talk is not positive on the long term future of the A380. Emirates are suggesting they may renew leases on such aircraft for a further 12 years rather than buy more or buy at end of lease. Airbus have unveiled a new model with winglets which is a bit more efficient. They are suggesting that capacity issues at airports in the 2020s may bring larger jets into focus again, but at the moment they look to be struggling to take new orders.

Seems possible for DNA that they may have trouble selling these aircraft on at end of lease and could end up leasing them for the lifespan of the aircraft.

[hugepants] 13/1/2017 14:44

Post below from the DNA3 thread. If there were doubts about the resale value of the A380s why would Amedeo-Air-Four-Plus be buying 2 more?

sf515 Dec '16 - 10:14 - 4 of 5 0 0
Interesting that AA4, a sister company, has just received EGM approval to purchase 2 more A380s for lease to Etihad Airways (not an airline I'd heard of but 2nd largest in UAE)

[danieldruff2] 12/1/2017 10:01

It may be that they never sell them, just keep leasing for the lifetime of the aircraft, by which point most of us will be old or gone, only pinch point is if major investors request a wind up of these vehicles and there is a forced sale.

[hugepants] 11/1/2017 23:15

I'd probably buy it. There seems to be doubt about the resale value of these aircraft but on the DNA3 thread there's a link to a new DNA type vehicle leasing out a new A380. The 258p value is based on valuation of 3 independent valuers so happy to go along with that. And apparently the fact these are long haul aircraft means they can remain in service longer, perhaps 25 years or longer, because they do less flights and so minimize the compression/decompression cycle which is the thing that ages an aircraft most.

[danieldruff2] 11/1/2017 22:38

You would only get 258p if they can sell the aircraft. According to Emirates own comments there, they don't sound interested in buying it. And they run nearly half of all the A380s in existence. So who will buy it?

[hugepants] 11/1/2017 20:23

2.25p quarterly divi declaration today

Also the quarterly update -


Forecast 258p total return over the next 6 years

"...Also in November 2016 Emirates indicated that it will likely seek to extend leases on its A380s. Asked about the probability of using the aircraft beyond the 12 years the operator has typically contracted, Emirates' senior vice president of corporate treasury said "we want to keep it for a long time. The type has proven to be a flexible platform" and is a core product for the airline..."

[davebowler] 13/5/2015 11:44

AA4 the new Nimrod IPO started trading today at a premium.

[wirralowl] 07/11/2013 11:52

thanks for the link, StrollingMolby, an interesting read.

grahamg8, I guess the only difference is the nos of planes in the portfolios of DNA1 and DNA2... Like you, if I was buying any more at the moment, it'd be DNA1.

[grahamg8] 06/11/2013 19:39

At release of results 31 July DNA1 share price was 123p and NAV 91.98p ratio 134%. DNA2 for comparison 226.5p, 162.72p, ratio 139%. Fair enough. But the share prices are now 118.25 and 247.5. This is a divergence of 13.2% in just over three months. And yet they operate the same business model with the same customer under the same terms with virtually the same yield. No brainer, buy DNA1 sell DNA2? Can it really be that simple?

[wirralowl] 10/7/2013 11:37

Ex-divi today (2.25p), hence the drop.

[strollingmolby] 03/7/2013 14:45

Doric Nimrod Air Three IPO'd on Monday along the same lines - purchase of four Airbus A380s and leased to Emirates Airlines for 12 years then sold.



With thanks to Skegbyhouse on TMF who posted this today:

[strollingmolby] 15/7/2011 15:15

Doric Nimrod Air Two (DNAT) has IPO'd today with the same model (per today's Times), though with two Airbus 380s bought and leased to Emirates rather than one aircraft.

Probably explains the interest here today (up 3p).

[davydoo] 15/12/2010 13:11

A new thread to follow the performance of a new Special Purpose Vehicle that is planning to buy and lease one Airbus A380 to Emirates Airlines and provide an income and capital gain to investors.

My personal interest is how this company performs in comparison to Avation (AVAP) and Capital Lease Aviation (CLA) which have portfolios of leased aircraft.