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DNA2 Doric Nimrod Air Two Limited

142.50
0.00 (0.00%)
Last Updated: 08:00:00
Delayed by 15 minutes
Share Name Share Symbol Market Type Share ISIN Share Description
Doric Nimrod Air Two Limited LSE:DNA2 London Ordinary Share GG00BMWCCD46 ORD PREF SHS NPV
  Price Change % Change Share Price Shares Traded Last Trade
  0.00 0.00% 142.50 0.00 08:00:00
Bid Price Offer Price High Price Low Price Open Price
142.00 143.00 142.50 142.50 142.50
Industry Sector Turnover Profit EPS - Basic PE Ratio Market Cap
Equip Rental & Leasing, Nec 108.88M 58.22M 0.4718 3.02 175.83M
Last Trade Time Trade Type Trade Size Trade Price Currency
- O 0 142.50 GBX

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Date Time Title Posts
05/11/202419:48Profit from airline leasing88

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Posted at 21/11/2024 08:20 by Doric Nimrod Air Two Daily Update
Doric Nimrod Air Two Limited is listed in the Equip Rental & Leasing, Nec sector of the London Stock Exchange with ticker DNA2. The last closing price for Doric Nimrod Air Two was 142.50p.
Doric Nimrod Air Two currently has 123,392,956 shares in issue. The market capitalisation of Doric Nimrod Air Two is £175,834,962.
Doric Nimrod Air Two has a price to earnings ratio (PE ratio) of 3.02.
This morning DNA2 shares opened at 142.50p
Posted at 05/11/2024 19:21 by cousinit
DNA3 feels like it's up with current news, so may be 10% return from here if sale prices are in line with DNA2.

Does feel like there is a tailwind for aircraft residuals but the main tangible data source for A380s are these trusts so may need to wait for the next lease expiry in August 2025 for a concrete answer.
Posted at 15/10/2024 08:09 by eezymunny
Suspect you´ve forgotten all the leasing income since last balance sheet, atlantic57?

My sums give a return up to 154p but there are probably some unknown costs, wind-up costs etc. Current price looks reasonable to me.
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 03/9/2024 06:16 by grahamg8
I now realise my English let me down. The total of planes + dividend is 129p, not 129p for planes and then plus a dividend. The exact calculation is 124.42+4.50 = 128.92. The cost of a dividend is £5.55m which would need to be subtracted from any cash in order to avoid double counting. Yes, I could certainly see £10m spare cash or 8pps. But with a current share price of 142p we would need £16m just to break even. I count DNA2 a speculative hold until more information emerges.
Posted at 02/9/2024 17:25 by grahamg8
andy andy I agree there should be some spare cash to distribute as well. Certainly that was the case with DNA. But how much does it translate into pps? The 'known' return is 129p for planes plus one dividend. The share price looks a bit toppy to me.

We have two new large shareholders Almitas Capital who bought 4.21% on 21/8 and Momentum Capital with 3.68% on 22/8. Perhaps they know more than we do.
Posted at 21/8/2024 06:22 by grahamg8
We can all relax now. $40m is a small step up from the last soft price of $38.98m in July. There might be a little bonus in the form of petty cash sloshing around.
Posted at 29/12/2023 15:23 by grahamg8
HL always a bit slow, but they get there in the end.

So where do we put our 2/7 now? It could go to buy more DNA2. The running yield is 15% and we could even see a small capital gain. Perhaps we could try DNA3 for a longer timeframe. Similar yield and a wind up date around January 2026. Other super income shares that I know about include FAIR, 14% with an end date of June 2028; and DEC, 24% and no end date.

Any other offers?
Posted at 14/12/2023 10:52 by andyandyoj
What is your current forecast for dna2 capital if the remaining aircraft sell for the same? I’m struggling to work out how much cash will be left given the deferred income etc. thanks for your thoughts@carcosa
Posted at 13/12/2023 14:27 by davebowler
Just in case you missed the announcement, DNA2 confirmed on Monday that all the monies from the two A380s have been received. Therefore, the Directors were able to confirm the return of monies to shareholders as previously announced.

There will be a return of £59.23m by way of a partial compulsory redemption of two ordinary preference shares for every seven ordinary preference shares at 120p each. This amounts to some 49.36m ordinary preference shares. Following the redemption, the Company will therefore have 123,392,857 Ordinary preference shares in issue.

The Directors have already announced that they aim to maintain the Company's current dividend policy barring unforeseen circumstances, targeting a distribution of 4.50 pence per share per quarter.

As you are aware, the Company continues to own five A380s leased to Emirates and those leases come to an end next year between 1 October and 30 November 2024.

The timetable for the redemption is below:

Expected timetable:

Redemption Record Date

6.00 p.m. on 15 December 2023

Redemption Date

18 December 2023

Redemption Ex-date

18 December 20232023

Redemption Payment Date (on or around)

27 December 2023

If you have any questions please contact Chris Holland on chris.holland@nimrodcapital.com
Posted at 28/11/2023 17:06 by grahamg8
The share price will presumably level off at a cruising altitude of 120p. A bit more climbing still needed.
Doric Nimrod Air Two share price data is direct from the London Stock Exchange

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