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Share Name Share Symbol Market Type Share ISIN Share Description
Gama Aviation LSE:GMAA London Ordinary Share GB00B3ZP1526 ORD 1P
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  +0.00p +0.00% 70.50p 68.00p 73.00p 70.50p 70.50p 70.50p 31,653 08:00:00
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Industrial Transportation 207.4 16.1 22.3 3.2 44.85

Gama Aviation Share Discussion Threads

Showing 1351 to 1373 of 1375 messages
Chat Pages: 55  54  53  52  51  50  49  48  47  46  45  44  Older
DateSubjectAuthorDiscuss
11/2/2019
12:55
They only had a new CFO on the 1st September, that's why they are reviewing the balance sheet and finding these issues. I suspect resignation of chairman and non-exec is due to activist shareholders' response to these revelations from the new CFO. The question is, will the CEO go? I think long-term his position is probably untenable, although I think major shareholders will want a new chairman in place and settled in before any more upheaval.
dangersimpson2
10/2/2019
19:56
Don't want to understand, eh? You're just trolling, connard! BBs are for peeps to voice their opinion. If you don't get that, then crawl back under your stone...
napoleon 14th
10/2/2019
18:41
listen Nappy, if you dont rate the share bog off back to the bourse
madmonkflin
10/2/2019
18:32
Look at the share price, loonymonkflin. You can fold any theory you have if you were caught holding these, & I'm glad I gave GMAA zero cred. having bought 2 or 3 years ago, & sold. That saved me a packet, & in my book, that's the bottom line. As I said : "On the long term watch list." Caveat Emptor.
napoleon 14th
10/2/2019
15:56
no idea what you talking about. i havent invested yet but keeping an eye. its got stack of revenue, its profitable, and cash. definitely a takeover target and growth from here. and theres been no accounting mistatement, they had cash and a creditor, simple, now they paid back the creditor. get some right idiots on here who think this company is shot to pieces.
madmonkflin
10/2/2019
13:51
Glad I sold at 200p+ - I thought GMAA had become too "jam tomorrow", and sure enough, they're in a jam now! I wouldn't touch these with a barge pole as they could well join the CAKE, Carillion etc story, which we don't know at all yet. Bad news comes in threes. Presuming this is not so bad I'll be looking for a MAJOR boardroom shake-up, bringing in experienced fresh blood, including a competent and honest CFO. Clearly GMAA have to consolidate and put some hard facts on the illusionary low P/E. On the long term watch list.
napoleon 14th
09/2/2019
15:54
Same auditor with GT. Results in a couple of weeks. Presumably full disclosure at that point. Given the downgrades, and mysterious cash movements, it will good to see what the actual operating cash flow is before investing. Only reason this hasn’t completely collapsed is it just did the £48m fundraise in Jan 18 and should still be solvent.
1activeinvestor
09/2/2019
15:30
I almost bought at £1.20 after listening to Downing at Mello but then forgot about it (very lucky!) and when went back to review saw this latest debacle. This is way too reliant on a big USA customer and with the CAA/EASA in turmoil from BREXIT, there is a real chance that they will not be able to operate as an engineering base or have an AoC for a few months, it will be a bit like the USA government shutdown that delayed everything in aviation and that 'excuse' is probably the next one you will read. It looks cheap on a forward PE but how can there be an $8 million hole in the balance sheet and the CEO is still in the job? Wonder if they buy their onboard cakes from Pattiserie Valerie
growthandincome
09/2/2019
15:26
I almost bought at £1.20 after Mello but then forgot about it (very lucky!) and when went back to review saw this latest debacle. This is way too reliant on a big USA customer and with the CAA/EASA in turmoil from BREXIT, there is a real chance that they will not be able to operate as an engineering base or have an AoC until there is a deal done. It looks cheap on a forward PE but how can there be an $8 million hole in tbut there will need to be a board change before anyone has confidence in
growthandincome
09/2/2019
15:26
I almost bought at £1.20 after Mello but then forgot about it (very lucky!) and when went back to review saw this latest debacle. This is way too reliant on a big USA customer and with the CAA/EASA in turmoil from BREXIT, there is a real chance that they will not be able to operate as an engineering base or have an AoC until there is a deal done. It looks cheap on a forward PE but how can there be an $8 million hole in tbut there will need to be a board change before anyone has confidence in
growthandincome
09/2/2019
12:42
No; flying on a wing and a prayer! :-)
value hound
09/2/2019
11:33
I hope you have travel insurance!
1activeinvestor
07/2/2019
12:39
Simon Thompson is usually pretty good - but on a "buying the glitch" / point of maximum pessimism type of basis, this looks excellent value to me. Obviously, the BoD have lost all credibility, and you can fully understand Simon T's frustration at having been somewhat hoodwinked, particularly as he re-tipped them as recently as 29th January at 260p; but it's all about the future and the extent to which all this loss of credibility is in the price now. On that basis, as Simon T says, the best we can expect is pre-tax profit of $14m and they'll be flat again next year. But at the current price of 74p, the P/E is 5, this is still a quickly growing business when looked at on a five-year perspective and the balance sheet looks sound enough. I wouldn't blame anyone for having zero trust in GMAA now, but it looks to be a good underlying business and it's all about perspective from the value as it is at this point. Anyway, for better or worse I've bought an economy seat and expect a long and bumpy flight. I think we'll lose a few first class passengers along the way but will ultimately reach our 120p destination.
value hound
07/2/2019
10:43
IC also has had enough of the scamhttps://www.investorschronicle.co.uk/comment/2019/02/05/gama-shares-lose-altitude-on-warning/I have completely lost faith in the directors' ability to run this business and am bailing out too. Sell.
lbo
07/2/2019
10:39
Who would trust anything this company says after what's transpiredhttp://www.cityam.com/272749/shares-gama-aviation-dive-after-reveals-nearly-8m-accounts
lbo
06/2/2019
16:24
It has left the business (the PLC) as Gama Aviation LLC only shares the brand, it isn't owned by the PLC, it's 75% other ownership (happy to be corrected).
sharesinvestor
06/2/2019
11:36
hat - I agree that cash has left the company but a future payment to clear the creditor has also gone so in the long run it is neutral However if the company wants to invest in M&A, they have $8m less to play with than they thought.
camerongd53
05/2/2019
22:43
$8m of hard cash just left the building. That's significant. New to this share and opened a spread to catch the bounce ..... that never happened today.Seems bad news follows bad news here. Will give it a couple of days and see where it goes.
hatfullofsky
05/2/2019
14:06
My holding cosst me under £2.00 so when the price was 260p I was nicely ahead. Now I down about 2/3rds. Not a happy bunny!!! I sought clarification on the RNS. It appears hat this is a balance sheet issue in that cash and creditors have each been over stated in the last accounts by Approx £8m. I was told it did not affect the P&L account which is a great relief!! Therefore today's price fall of 23.5p or 27% would appear to be a massive over-reaction As I am full committed to Gama I will not be buying any more shares, otherwise I would be. Could be a good bet as a short/medium term bet DYOR
camerongd53
05/2/2019
09:15
When the financials are opaque beware. That's what finally made me sell at a loss,quite a while ago now, but not nearly as much as it would have been.
corrientes
05/2/2019
09:07
What a shambles
lbo
05/2/2019
08:01
Hmmmm...looks like the previous FD/accounting team were doing a little creative balance sheet massaging, especially given the timing of the "receipts"? Not good. The only positive is that at least the new FD seems to be taking matters in hand.
rivaldo
01/2/2019
13:01
napoleon, Judith has been known to be very proactive. It would not surprise me if she tried to put " her own man " on the board.
roddiemac2
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