European Business Jets Share Discussion Threads

[nigthepig] 16/8/2006 12:13

Best movement for a while here. Might get back to and passed my average of 1.8p

[don muang] 16/8/2006 10:07

No.... I live (some of the year) near the existing one (which'll stay open for Royal Thai Air Force use).

Business plan for EBJ looks great. Short term finance to pay for the plane .... then get the cliens to pay their respective parts to get rid of EBJ debt. Make money out of administering / operating the jet. Get another short term loan for another one etc. And with present restrictions on hand luggage (which apply to 'business' class passengers as well) plus airport check-in delays, then it might just swing some companies that are interested in fractional ownership into actually participating in such as scheme ... and let's 'hope' they'll choose EBJ !

[boite mobile] 16/8/2006 09:12

Looks like One of the Directors buying more stock and evidence that the original business plan is being amended to match client requirements, hence purchase of Cessna plane. A cheaper option do doubt or possibly a plane which can get into some smaller airfields.

You would certainly think that all the security scares at major Airports would be another great sales feature/opportunity for EBJ.

Perhaps the name will be changed to EBP European Business Planes.

Don are you going to change your posting name when the new Bangkok airport opens?

[don muang] 16/8/2006 08:47

so looks like I'm the only person here on this BB?
nice tick-up after someone splashed out on 1m shares.

[don muang] 08/8/2006 21:57

not directly related to EBJ .... but interest new business jet beinfg developed by Honda

[don muang] 26/7/2006 12:38

After a miserable time since IPO (in terms of SP) then we can look forward to a brighter future now. With a revenue earning plane which will effectively soon be 'purchased' by the EBJ's customers (with just an intial 'bridging' loan down to EBJ), then it's all down to profit margins on the operation of it. And I've got confidence that the management will be aiming for reasonable operating margins. So minimum downside now .... but quite a nice upside possible.\Risk/Reward ratio now eems to have swung in favour of Reward.

[vuelands] 26/7/2006 12:31

At last some news of one plane purchase with the potential of more.This is posative as is directors buys. It shows confidence. the price could go back up to 1.5p, the issue price.

[nigthepig] 25/7/2006 19:22

One of the Directors taking another 3 million shares.
Following that news I will certainly hold on a bit longer.
Mr Vuelands, whats your view on todays activity?

[nigthepig] 25/7/2006 11:17

Agreed Boite Mobile, positive news at last.
Might hold on a bit longer. I can't remember the number of times I've thought of bailing out of this one.
Anyway with news here and Rift Oil I'm having a decent day for a change.

[boite mobile] 25/7/2006 09:06

Well done EBJ the first bit of +ve news in a year or so.

"Acquisition of aircraft - RNS Number:6638G European Business Jets plc
25 July 2006

The Company today announces the acquisition of a Cessna Citation CJ1 on behalf
of its fractional owner customers.

Following the launch of the fractional ownership scheme outlined in the
Admission Document, EBJ have conducted a significant level of sales and
marketing activity. In particular, the recent launch of a 5 hour "Demonstration
Card" (which allows customers to experience the service for only #14,750) has
generated a high enquiry level and greater recognition in the market place. This has resulted in revenues derived from conducting demonstration flights for
potential customers. To date, this has predominantly involved the use of their
owned Cessna Citation CJ and additional aircraft operated on a dry lease basis.

These demonstration flights have resulted in customers deciding to join the
fractional ownership programme prompting the purchase of a customer owned Cessna Citation CJ1. A short term finance arrangement has been put in place until the final payments are received from customers. This aircraft arrived in the UK on 22 July 2006 and will be managed and operated by the Company for the duration of the customer 5 year contracts.

The Company anticipates acquiring additional aircraft to satisfy customer
demand."

[nigthepig] 21/7/2006 19:39

At least you are consistant in your opinion Mr Vuelands.

[vuelands] 21/7/2006 18:10

No sales no support and cash burn,AVOID

[boite mobile] 11/7/2006 09:51

Results look quite missable, but at least they have a Jet on the Asset side of the balance sheet.

Can anyone tell if they have actually sold any part shares in a Jet yet? I would have thought that The Chairman could have at least thrown that little gem of information into his statement as the company have been so quiet about everything else they have been doing. Absolutely no news to Shareholders = Bad news? Even their own website does not seem to have been updated since AUG 2005!!!!!

Final Results - RNS Number:5666F European Business Jets plc 03 July 2006

Statement from the Chairman and the Chief Executive

CHAIRMAN'S STATEMENT

I have pleasure in submitting the first full report and accounts since the
company's incorporation on 15 October 2004.

European Business Jets PLC (EBJ) was formed to bridge the large gap in the
travel market between exclusive private jet ownership that few can afford and
public transport. EBJ makes private jet usage affordable to many more people by
offering part ownership shares (fractional ownership) in "entry level" private
jets, so spreading the cost of acquisition and ownership across a number of
fractional owners. Service levels and availability are guaranteed.

EBJ was successfully floated on the London Stock Exchange's Alternative
Investment Market (AIM) on 4 April 2005, helping to raise a total of #1.9million before costs to provide the working capital to establish the company in the market place. A further #1 million of debt was raised to fund the acquisition of the company's first, non-customer, core fleet aircraft.

Since flotation the management team, led by the Chief Executive Graeme Deary,
intends to establish EBJ as a key player in the emerging fractional ownership
market. I believe the fractional ownership market for private jets is
attractive, albeit at an early stage of development, and that EBJ is well placed to profitably expand in the future.


CHIEF EXECUTIVE'S STATEMENT

Since flotation EBJ has established an operations base at Cambridge Airport and
recruited key sales, administration and flight crew personnel including a Chief
Pilot with extensive knowledge of operating fractionally owned private jets.
Marketing the new business throughout the UK and Continental Europe has been
intensive with EBJ featured in national press and magazines as well as regional
TV, radio and press. EBJ now has a large database of potential new fractional
shareowners and the executive directors and sales team are working extensively
to convert these to customers.

In June 2005 the company took ownership of a Cessna Citation CJ1 twin-engine
light jet. Initially this has been used for fee paying demonstration flights for potential customers and static displays. It will become part of the small core fleet of EBJ owned aircraft that is used in times of peak demand for customer owned aircraft.

Losses in the period reflect the initial establishment of an operational base,
the set up of appropriate administrative and operational infrastructure and
marketing launch costs.

Consolidated Profit & Loss Account
For the 76 Weeks to 31 March 2006

2006
#

Turnover 608,255
Cost of sales (841,666)
-----------
Gross loss (233,411)
Administrative expenses (922,355)
-----------
Operating loss (1,155,766)
Interest receivable and similar income 11,830
Interest payable and similar charges (68,615)
-----------
Loss on ordinary activities before taxation (1,212,551)
Tax on loss on ordinary activities -
-----------
Loss on ordinary activities for the period (1,212,551)
-----------

p
Basic and diluted loss per ordinary share (0.72)
-----------

Balance Sheet at 31 March 2006

Group Company
2006 2006
# #

Fixed assets
Tangible assets 1,489,197 22,000
Investments - 2
----------- -----------
1,489,197 22,002

Current assets
Debtors
- due within one year 123,572 114,412
- due after more than one year - 579,139
Cash at bank and in hand 342,819 226,924
----------- -----------
466,391 920,475

Creditors: Amounts falling due
within one year (627,512) (453,797)
----------- -----------
Net current liabilities/assets (161,121) 466,678
----------- -----------
Total assets less current liabilities 1,328,076 488,680

Creditors: Amounts falling due after
more than one year (790,956) -
----------- -----------
Net assets 537,120 488,680
----------- -----------

Capital and reserves

Called-up share capital 221,687 221,687
Share premium account 1,527,984 1,527,984
Profit and loss account (1,212,551) (1,260,991)
----------- -----------
Shareholders' funds 537,120 488,680
----------- -----------

Consolidated Cash Flow Statement
For the 76 Weeks to 31 March 2006

2006
#

Operating cash flows
Operating loss (1,155,766)
Depreciation on tangible fixed assets 138,555
Shares in lieu of commission 17,250
Increase in debtors (123,572)
Increase in creditors 478,316
-----------
Net cash outflow from operating activities (645,217)

Return on investments and servicing of finance
Interest received 11,830
Interest paid (68,615)
-----------
Net cash outflow from returns on investments and
servicing of finance (56,785)

Capital expenditure and financial investment
Purchase of tangible fixed assets (1,627,752)
-----------
Net cash outflow from capital expenditure (1,627,752)

-----------
Cash outflow before financing (2,329,754)

Financing
Issue of ordinary share capital 1,924,427
Share issue costs (192,006)
Loans drawn down 1,000,000
Capital elements of loan repayments (59,848)
-----------
Net inflow from financing 2,672,573

-----------
Increase in cash for period 342,819
-----------

Notes:
1. Financial Information
The financial information set out above does not constitute the Group's
statutory financial statements for the 76 weeks ended 31 March 2006, but is
derived from those statements. The auditors have reported on the financial
statements to 31 March 2006 and their report was unqualified.

2. Availability of accounts - Copies of the accounts will be available at AGC Clarke, Third Floor, 55 Gower Street, London, WC1E 6HQ.

This information is provided by RNS
The company news service from the London Stock Exchange

[nigthepig] 09/7/2006 15:43

We will come back to what you said in 6 months Mr Vuelands.
Will you be right, will you be wrong?
Wish I knew!!

[vuelands] 07/7/2006 17:28

The latest report and accounts indicate ebj needs to raise more funds, unless they have sold shares in aircraft. We are at a crunch point,salaries are much too high without contracts,and burn will finish funds within 6 months.AVOID

[nigthepig] 06/7/2006 16:48

So busy elsewhere, I missed the final results.
..........seems like everyone else did as well..........
Back to sleep for a while.
The share price is so low here, I can't see any point selling out.
I will hang on in hope of better times.
I'd rather lose the lot than bail out at current levels.
Luckily I don't have too big a holding here.

[semart72] 13/6/2006 17:58

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[tallgate] 28/5/2006 00:07

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[vuelands] 13/4/2006 18:08

No take off yet, not even on the runway as far as I can see. The lack of news is the reason why the share price keeps drifting.No reason to buy or even hold, put your money to much better use elsewhere, and let this one slide into oblivion.

[boite mobile] 15/3/2006 09:09

Have to agree with you Encarter that this sounds a little more promising. RNS reads:-
For Immediate Release: Wednesday 8th March 2006-European Business Jets Plc

Directorate Change - European Business Jets Plc today announces that following recent developments at the Company, the Board has decided to consolidate the roles of Sales Director and Marketing Director. As such Stephen Pratt has resigned from the Company and Nick Messer will now perform role of Sales & Marketing Director.

I suspect that the change has more to do with no sales than location! Also good news in that it may reduce the cash burn a little.

I wish Nick Messer good luck and fortune in his new role.

Perhaps the new Sales Director will also see, as part of his Sales & Marketing Role, the need for Investor relations to be paid more than the very scan lip service that it has attracted so far. Hopefully we will start to see a greater news flow. Perhaps the Web Site being maintained, improved or changed etc.

BM

[encarter] 15/3/2006 08:47

I had a letter from EBJ yesterday regarding the AGM.
It explains that Steve Pratt resigned because he lives in the North West and demand for jets has been primarily in the South East and Channel Islands.
At least it confirms that their jets are in demand.

[encarter] 08/3/2006 22:46

Off topic see post 235 of 264
Edit, great products DYOR.

[encarter] 08/3/2006 22:29

Yes it sounded familiar but i don't recall those links.
Are results due March?
Anyway i was thinking of selling last week but had a recap of all we know and decided to top up today.
Business jets are becoming popular at the moment and hopefully EBJ will get some business.
I'll see what results bring.

[boite mobile] 08/3/2006 09:25

Encarter I think there was previously something about the Help a Jersey Child link, but there is no detail the extent of EBJ's involvement. I suspect however that as the type of Jets EBJ hope to employ are one of the few makes that can take off from the Jersey Airport, this is a good geographical area in which to be increasing name awareness, etc.

BM