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| Share Name | Share Symbol | Market | Stock Type |
|---|---|---|---|
| Gama Aviation Plc | GMAA | London | Ordinary Share |
| Price Change | Price Change % | Share Price | Last Trade
|
|
|---|---|---|---|---|
| 0.00 | 0.00% | 107.50 | 00:00:00 |
| Open Price | Low Price | High Price | Close Price | Previous Close |
|---|---|---|---|---|
| 107.50 | 107.50 |
| Industry Sector |
|---|
| INDUSTRIAL TRANSPORTATION |
| Top Posts |
|---|
Posted at 08/5/2024 08:03 by rivaldo Richard Griffiths, the well-known City boy and major player has bought another 251,466 GMAA shares at 96p and 95.9p. He now owns almost 733,000 shares.Why would he be buying substantial shares at above the 95p tender offer price and just before the delisting on 30th May? Am I missing something, or is something afoot? Perhaps he wants to be part of the delisted entity and will wait for a re-listing at a much higher price in a couple of years? |
Posted at 29/4/2024 15:12 by davebowler European Union (Withdrawal) Act 2018.Gama Aviation Plc (AIM: GMAA) ("Gama Aviation" or the "Company" or "Group") Proposed return of up to £32.6 million to Shareholders by way of a tender offer, Cancellation of admission of Ordinary Shares to trading on AIM and Notice of General Meeting Introduction Further to the Company's announcement on 1 March 2024, Gama Aviation is today announcing that a circular (the "Circular") will be sent to Shareholders later today detailing the following Resolutions to be considered at a General Meeting scheduled for 2.00 p.m. on 15 May 2024: · by way of an ordinary resolution, the proposed return of up to £32.6 million to Shareholders by way of a tender offer at 95 pence per Ordinary Share capable of acceptance by all Eligible Shareholders in full; and · by way of a special resolution, the cancellation of admission of Ordinary Shares to trading on AIM. The Circular also contains details of how Eligible Shareholders can elect to tender some or all of their Ordinary Shares. The Circular sets out the background and terms of the Tender Offer and incorporates a notice of a General Meeting. A Proxy Form and Tender Form for use by Shareholders who hold their Ordinary Shares in certificated form in connection with the General Meeting and Tender Offer, respectively, are also being despatched with the Circular. A copy of the Circular will be made available for inspection in the investor relations section of the Company's website: hxxps://www.gamaavia Shareholders representing in aggregate 79.6 per cent. of the current issued share capital have given Irrevocable Undertakings to exercise the voting rights attaching to such Ordinary Shares in favour of the Resolutions as further detailed below. Accordingly, the Resolutions are expected to be passed at the General Meeting. The last day of dealings in the Ordinary Shares on AIM is expected to be 30 May 2024. |
Posted at 04/3/2024 12:31 by rivaldo So the Tender Offer at 95p has been increased such that if all the Tender shares were taken up, MK and Bermesico would own all the remaining shares.And even if some shareholders don't accept, it's likely that there will be such a small rump of shares left that GMAA will delist. It's essentially a takeover by MK. Looks like I'll be accepting then! A better return than I expected a few months ago, but GMAA's been a serial disappointer, so perhaps it's for the best. |
Posted at 22/2/2024 14:30 by rivaldo An innovative new service from GMAA subsidiary Flyertech, no doubt hoping to get in on the ground floor with new clients: |
Posted at 19/2/2024 08:19 by rivaldo Harry, my post 1572 sums it up I think (the 55p special divi has been superceded by a more "phased" return of capital, the tender offer being the first stage).There's some really interesting coverage of the latest Air Ambulance acquisition here - and the closing comments imply more acquisitions are in view: Extracts: "It was a race against time. Gama Aviation had more than 60 separate transaction documents to finalise with a host of stakeholders in just a few hours. All part of its bid to acquire UK air ambulance provider Specialist Aviation Services before the business would be forced to cease operations. At risk were life-saving air ambulance services over London and the southeast of England. Without a last-minute deal, the emergency medical service (EMS) ambulance helicopters could have been grounded for weeks if not months" "The acquisition is designed to accelerate the growth of Gama’s Special Mission strategic business unit (SBU) and complements other recent contract wins, including the Welsh Air Ambulance contract. Gama also recently opened new international operations in the Middle East to augment its fixed-wing aircraft management and MRO services in the region." "“Long-term contracts that give you regular income and regular cash flow for a long time is very welcome,” he said. “Obviously, that’s provided by government work and special missions work as opposed to the ad hoc nature of the rest of business aviation.” "Netted about $100m So, what next for Gama Aviation? The company is always open to promising business opportunities, according to Khalek. And, after the sale last autumn of its US MRO business Jet East, it has the means to invest. Gama acquired the business for about $12m and injected up to $20m of debt. It sold the business for $131m and, after costs, netted about $100m. While non-compete clauses limit Gama’s short-term acquisition strategy in the US, the company remains hungry for new opportunities. “Debt markets are pretty horrible at the moment and pricing is not very nice,” Khalek told our CJI London conference. “So, we’ve taken the opportunity to use our funding to influence budgets more and look to other financing down the line.” It remains to be seen what, where and when Gama Aviation will be tempted to make its next acquisition." |
Posted at 18/2/2024 16:09 by harry the haddock Can someone explain to me in simple English what is happening - are we still getting the 55p a share special dividend for example? |
Posted at 01/2/2024 07:43 by rivaldo Big news late last night - GMAA are scaling up their helicopter special mission division.They've paid just £280k to administrators for a forecast £27m of turnover in acquiring Specialist Aviation: Of course there are added wrinkles. Transaction costs etc will take the total cost to £3m, and there are lease obligations on helicopters and property to take on. Nevertheless, this could be an absolute bargain price given the likely synergies and cost savings etc, with H2'24 and onwards likely benefiting nicely. |
Posted at 12/1/2024 12:02 by rivaldo Interesting new analysis....Extracts: "Quite honestly, I’m flabbergasted by the RemainCo’s incredibly low valuation. As I already mentioned, this is a business that in FY 2022 had sales of ~$167 million! Furthermore, I’m expecting the new strategy to deliver growing Operating Margins that will eventually reach ~10%. An assumption that values the entire company at less than 2 times Operating Profit - an exceptionally cheap price!" "Ultimately, given the low price and the strong balance sheet, I think this is one of the best investment setups I’ve seen for a long time. As such, I’m really looking forward to following the company’s recovery into 2024 and beyond." |
Posted at 08/1/2024 12:16 by rivaldo News that GMAA are in discussions with "a UK-based provider of helicopter emergency medical services ("HEMS") and aircraft repairs and maintenance services ("MRO".This quite a major acquisition coming with £24m of revenues, and would be nicely complementary to its existing air ambulance etc services: |
Posted at 02/11/2023 16:35 by liam1om Via a special dividend. Vote is tomorrow, which is already decided with 51% agreeing already. |
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