Dp Aircraft I Dividends - DPA

Dp Aircraft I Dividends - DPA

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Stock Name Stock Symbol Market Stock Type Stock ISIN Stock Description
Dp Aircraft I Limited DPA London Ordinary Share GG00BBP6HP33 ORD PREF NPV
  Price Change Price Change % Stock Price Last Trade
0.00 0.0% 0.035 08:00:14
Open Price Low Price High Price Close Price Previous Close
0.035 0.02875 0.03725 0.035 0.035
more quote information »

Dp Aircraft I DPA Dividends History

Announcement Date Type Currency Dividend Amount Period Start Period End Ex Date Record Date Payment Date Total Dividend Amount

Top Dividend Posts

apollocreed1: I am struggling to understand why DPA took on loans from banks when they should have instead used shareholders funds to purchase the planes. I've just been looking at these websites - assuming they are accurate and up to date then there is still a market for Boeing 787-8 planes. hxxps://www.statista.com/statistics/273941/prices-of-boeing-aircraft-by-type/ https://en.wikipedia.org/wiki/List_of_Boeing_787_orders_and_deliveries Data is as of October 2020.
apollocreed1: But can DPA not repossess their aircraft and resell them to another buyer in future if the market improves?
robizm: The loans are secured on the planes so if both airlines go bankrupt would we keep the security deposits and maintenance reserves. They will not pay a dividend for years just hoard cash.
pimsim: ROBIZM, I don't think so. The whole point of the debt for equity swap is to reduce the obligations of Norwegian to creditors and lessors. The section related to Norwegian states: All of Norwegian's payment obligations until 30 June 2020 are to be waived to the extent that they have not already been met; and from July 2020 to March 2021 a 'power by the hour' arrangement will instead apply. Under this arrangement, Norwegian will only pay lease rentals in respect of the two assets which it has leased from the Company to the extent that they actually operate them. - The 'power by the hour' arrangement will come to an end on 31 March 2021. Thereafter Norwegian will make monthly lease payments to the Company again, at a reduced rate to that which has applied to date, reflecting the downward pressure on market rates for lease rentals that is widely anticipated in the aftermath of the Covid-19 crisis. - In addition to monthly lease rental payments the Company will receive equity in Norwegian, with the number of shares to be calculated by reference to the monies which are being waived and/or forborne by the Company as a result of the 'power by the hour' arrangement and the reduced monthly rental amount from April 2021. There is a section further down regarding deferred payments but this relates to DPA deferring payments to it's banks NOT to Norwegian: "Repayments of principal due during the period from May 2020 to March 2021 will be deferred, and the profile of debt service for the period starting from 1 April 2021 will be adjusted to reflect the proposed reduction in Norwegian's monthly lease payments. All deferred amounts must be repaid by 30 June 2025 at the latest (with prepayment permissible without charge)"
pimsim: Interesting point. I assume, up to now, Norwegian have been entitled to the RR compensation since they have had to make the monthly lease payments but can't use the planes. If they are moving to a 'power by the hour' payment from July and obviously won't use the planes while the engine issue remains does that mean DPA will be entitled to compensation from RR until the engines are fixed. If so, it actually helps to have the planes out of action!
robizm: According to the telegraph debt restructuring completed. 95% wipe out for the airline shareholders. Shares due to lessors and bond holders for converting just under 1 billion dollars of debt to equity. Wonder how that affects dpa
robizm: They have said they can’t pay and Thai airways are struggling. Can they survive without lease income. They have 3 months deposits so can keep the wolf from the door for a bit but no dividend I reckon.
pimsim: Good News and makes DPA look tempting at the current price. https://www.cityam.com/norwegian-air-receives-3bn-krone-rescue-package-from-officials/
apollocreed1: I'm thinking that it might be possible to partially hedge a long position in DPA by shorting the Norwegian Air Shuttle stock. I can short without any financing costs via Spreadco or Ayondo Markets. I would take a short position in Norwegian of about 30% of my long rather than a 1:1 ratio because DPA has limited negative exposure to Norwegian rather than being fully exposed to any negative performance of the company. I don't think the same could be done with Thai airways as not sure if it's shares are available on normal markets.
rambutan2: Assumptions: The statements in this Prospectus relating to targeted net IRR in the paragraph “Distribution policy” in Part I of this Prospectus and targeted distributions in the paragraph “Income distributions” in Part I of this Prospectus with regard to target net IRR and target dividends (in each case made on pages 41 and 42) are made on the basis of defined assumptions (Assumptions). The Assumptions do not relate to the working capital of the Group and the statements in paragraph 4 of Part XIII of this Prospectus should not be regarded as having been based on, or as being contingent on, the Assumptions. The most material of the Assumptions are as follows: (a) the Group pays US$1,502,960.09 monthly in capital repayments and interest payments in aggregate in respect of the First and Second Loans and US$1,468,880 monthly in capital repayments and interest payments in aggregate in respect of the Third and Fourth Loans; (b) each of the Loans is fully amortised at the end of the life of the respective Leases; (c) the Group receives monthly lease payments from the Lessees in respect of the Assets in full and in a timely fashion for the entire duration of the scheduled term of the relevant Lease (such lease payments amounting to US$4,774,261 in aggregate while all four Leases are in existence); (d) the Company pays a dividend of 2.25 cents in February, May, August and November of every year, until August 2025 (inclusive), and a dividend of 1.035 cents from November 2025 to August 2026; (e) the Existing Assets are sold at the end of the scheduled term of their respective Leases for US$80.04 million each and the New Assets are sold at the end of the scheduled term of their respective Leases for US80.165 million each; and (f) the annual running costs of the Group for 2015 are US$1.493 million, inflating annually at a rate of 2.5 per cent.
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