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Share Name Share Symbol Market Type Share ISIN Share Description
Dp Aircraft I Limited LSE:DPA London Ordinary Share GG00BBP6HP33 ORD PREF NPV
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  -0.005 -7.69% 0.06 0.05 0.07 0.065 0.06 0.07 161,536 14:49:07
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
General Financial 57.4 21.4 10.2 0.6 13

Dp Aircraft I Share Discussion Threads

Showing 76 to 99 of 100 messages
Chat Pages: 4  3  2  1
DateSubjectAuthorDiscuss
27/5/2020
19:03
If the loans are paid off then yes but who would buy them as there will be loads of planes put up for sale
robizm
25/5/2020
17:51
But can DPA not repossess their aircraft and resell them to another buyer in future if the market improves?
apollocreed1
22/5/2020
13:19
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.
robizm
21/5/2020
18:45
Norwegian Air share compensation So reading between the lines they have been given 154,189,712 shares at a conversion price of NOK4.24919 which effectively implies a loss of roughly $66m in future rental payments. We know that they won't get anything for the 12months from Apr 20 to Mar 21 (not sure about March 20?) amounting to $29.85m so implies annual rental from April 21 will be down approx $7m for each of the following 5 years. Assuming Norwegian Air lasts that long! Surprised they have ended up with 5% of total issued share capital of Norwegian? I wonder if the other creditors negotiated a better deal?
pimsim
19/5/2020
10:14
thai have now filed for bankruptcy.
pejaten
15/5/2020
16:14
Someone wants out at any price.
robizm
14/5/2020
11:02
Did not see that bit as don’t own these yet. Am in Dna Dna2 and aa4 with a loss of £3k so far as bought too early. Market cap of £30 million now but how low will all the airplanes lessors go is the question.
robizm
14/5/2020
09:55
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
14/5/2020
08:35
Compensation would go to the airlines as they still have to eventually pay the full lease amounts owed spread over a few years. Norwegian 2 Boeing’s have been parked since May 2019 and Thais Sept 2019 and don’t know when engines will be sorted but assuming covid is not helping.
robizm
13/5/2020
20:06
Good point. Any idea what level the compensation is at though
irishmatt
13/5/2020
20:00
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!
pimsim
13/5/2020
09:15
No dividends for a while. I retain my original stake. There has to be some value here if the company maintains the support of its lending banks. The complicating factor has always been the compensation arrangements from Rolls Royce for planes not being used because of engine problems and how that impacts current plane values.
valhamos
13/5/2020
09:11
All 4 planes are currently parked due to engine problems. Norwegian 737 are all parked as well. That is what got them into this mess whether they get out will depend on covid 19.
robizm
13/5/2020
08:45
The arrangement with Thai seems ok but not sure on the equity swap with Norwegian. It was coming and it could have been worse I guess
irishmatt
04/5/2020
17:59
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
18/4/2020
02:57
https://www.google.com/amp/s/www.irishtimes.com/business/transport-and-tourism/irish-aircraft-lessor-aercap-could-be-offered-shares-in-norwegian-air-1.4230789%3fmode=amp
mokhan2
03/4/2020
11:19
Knew they have to stop the divi.I bought a few at 19c.
robizm
31/3/2020
11:17
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.
robizm
20/3/2020
08:39
Good News and makes DPA look tempting at the current price. https://www.cityam.com/norwegian-air-receives-3bn-krone-rescue-package-from-officials/
pimsim
07/11/2019
19:14
Also in the last couple of days Norwegian has again raised more equity with a private placement. hTtps://www.marketscreener.com/NORWEGIAN-FINANS-HOLDING-28664729/news/Norwegian-Air-Shuttle-ASA-NAS-announces-a-contemplated-private-placement-and-convertible-bond-is-29519822/
valhamos
07/11/2019
18:48
And noted in today's interim update: Besides, Norwegian is aware that it is exposed to a liquidity risk, amongst others regarding commitments for future aircraft deliveries, lease commitments and constraints from credit card institutions. The carrier identified various potential sources of financing, including amongst others the divestment or postponement of aircraft, the shareholding in Bank Norwegian (as previously mentioned), improved operational performance and the extension of two bonds with maturity in December 2019. The latter had been approved by the bondholders mid-September and the maturity of two unsecured bonds had been pushed back to November 2021 and February 2022 respectively; secured by a pledge over Norwegian's slots at London Gatwick Airport. According to Norwegian the value of these slots is above the bond's nominal value of USD 380 million. Transaction costs amounted to NOK 70 million. Norwegian Air Shuttle follows, as mentioned above, a strategic change from growth to profitability, including postponements of aircraft deliveries, divesting aircraft, network optimisation and the implementation of #Focus2019. Norwegian's priority remains to return to sustainable profitability. https://uk.advfn.com/stock-market/london/dp-aircraft-i-DPA/share-news/DP-Aircraft-I-Limited-Interim-Update/81096656
rambutan2
07/11/2019
18:46
Re those troublesome engines: htTps://uk.advfn.com/stock-market/london/rolls-royce-RR./share-news/Rolls-Royce-Holdings-plc-Trading-and-Trent-1000-Up/81089184
rambutan2
30/10/2019
17:53
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.
apollocreed1
17/10/2019
19:22
Yes, a rate occurrence to be right so quick! I'm not sure the rest have gone yet, as would've expected at least a little bounce once cleared. Perhaps a broker or arb has taken them and is trying to find a taker?
rambutan2
Chat Pages: 4  3  2  1
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