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| Share Name | Share Symbol | Market | Stock Type |
|---|---|---|---|
| Doric Nimrod Air Two Limited | DNA2 | London | Ordinary Share |
| Price Change | Price Change % | Share Price | Last Trade
|
|
|---|---|---|---|---|
| 0.00 | 0.00% | 142.50 | 08:00:00 |
| Open Price | Low Price | High Price | Close Price | Previous Close |
|---|---|---|---|---|
| 142.50 | 142.50 | 142.50 | 142.50 | 142.50 |
| Industry Sector |
|---|
| GENERAL FINANCIAL |
| Top Posts |
|---|
Posted at 09/9/2024 16:17 by atlantic57 It is unusual for a share to trade at a premium to the mount of money that could be distributed to shareholders in this situation.It is also interesting that new investors have climbed on board at this point.Jim Mellon had dna 3 on his list of shares of interest at a recent conference but no narrative.I personally can't work out the sum of the parts. |
Posted at 16/8/2024 17:23 by andyandyoj Understandable. But reassuring to see these guys (no 12 Chelsea) have them as their pick for H2 2024.hxxps://citywire.com |
Posted at 28/12/2023 14:17 by irishmatt Yes in interactive investor |
Posted at 12/12/2014 16:42 by valhamos ExtraderRichard Aboulafia, whom your linked article quotes, has always been cautious about the A380 and dismissive of Doric as inexperienced in the aviation leasing market. He may right. But after the planes came off lease to Emirates, the economics would be more attractive to another lessee if they could retro fit extra seats to around 750 seats which is more like what the plane was designed for. Unfortunately leasing companies keep all the lower asset risk planes such as A320, 737-800, A330, or 777-300 to themselves and only offer private investors an opportunity to take part in planes like the A380 with greater asset risk. I have a small stake in DNA3 but also an investment in DP Aircraft I Ltd (DPA) which has a couple of Dreamliners out on lease to Norwegian. Hopefully the asset risk here should be lower for a similar return but DYOR - I should also point out that DPA is dollar denominated so there is currency risk to consider. |
Posted at 28/8/2013 10:05 by extrader Hi speedsgh,AIUI, the answer's here : ...once the lease has expired, the aircraft are likely to be sold and investors paid out from the residual value." Because aircraft are depreciated in a shorter period than their economic/commercial lives, there is (other things being equal) a gradual build-up of a surplus, which in this case has been projected to be sufficient at the 12 year point to allow the 169p payout on resale/refinancing. HTH |
Posted at 28/8/2013 09:48 by 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 |
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