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GMAA Gama Aviation Plc

93.50
0.00 (0.00%)
Last Updated: 08:00:00
Delayed by 15 minutes
Share Name Share Symbol Market Type Share ISIN Share Description
Gama Aviation Plc 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
  0.00 0.00% 93.50 92.00 95.00 93.50 93.50 93.50 0.00 08:00:00
Industry Sector Turnover Profit EPS - Basic PE Ratio Market Cap
Air Transport, Scheduled 285.64M -8.86M -0.1385 -6.75 59.8M
Gama Aviation Plc is listed in the Air Transport, Scheduled sector of the London Stock Exchange with ticker GMAA. The last closing price for Gama Aviation was 93.50p. Over the last year, Gama Aviation shares have traded in a share price range of 45.60p to 100.50p.

Gama Aviation currently has 63,961,279 shares in issue. The market capitalisation of Gama Aviation is £59.80 million. Gama Aviation has a price to earnings ratio (PE ratio) of -6.75.

Gama Aviation Share Discussion Threads

Showing 901 to 925 of 1575 messages
Chat Pages: Latest  39  38  37  36  35  34  33  32  31  30  29  28  Older
DateSubjectAuthorDiscuss
07/9/2017
14:28
IG 248.75/254 15k/1k
twirl
07/9/2017
08:30
New Buy tip for GMAA on Motley Fool:



"Unilever plc isn’t the only growth giant that could fund your retirement
Royston Wild | Wednesday, 6th September, 2017

I have long sung the praises of household goods leviathan Unilever (LSE: ULVR), its rich history of generating strong earnings growth, whatever the weather, making it one of the ultimate ‘peace of mind’ shares out there.

But the Marmite maker and Persil producer isn’t the only stock that could deliver stonking returns long into the future. Indeed, Gama Aviation (LSE: GMAA) is another share I reckon you might be able to retire on.

Plane brilliance

The business aviation service provider has been a stellar performer in the year to date, its share price gaining 82% since the beginning of 2017 and soaring to 16-month highs above 250p just today, following the release of half-year numbers.

The Farnborough-based company advised that revenues detonated 45% between January and June, to $291m, a result that powered underlying pre-tax profit 40% higher to $7m.

Chief executive Marwan Khalek said: “The first half of 2017 has seen the group maintain the positive momentum generated through last year to deliver a good performance in line with our expectations… in all divisions and all regions we achieved strong revenue growth and encouraging improved margin performance.”

The company saw US Air revenue rise 74% in the six-month period, and it advised that “the integration of the BBA aircraft management business into the US Air division is progressing well and benefitting from a buoyant US market.”

Gama merged its aircraft management and charter business in the US with that of BBA Aviation back in January to create the country’s biggest aircraft management firm, a move that created significant cost benefits and expanded its global footprint.

And at US Ground, Gama saw revenues shoot 19% higher in January-June thanks to the impact of new base openings last year and fresh contract wins.

A strong North American marketplace was not the only cause to celebrate, however, with Gama noting that at Europe Air, “operational efficiency initiatives completed in 2016 have produced strong improvements in gross profit and EBITDA margins.” The flying ace also reported “modest revenue growth and improved profitability” at its Europe Ground.

And elsewhere, Gama advised that Middle East Air and Ground had showed “encouraging growth” in the first half.

Those seeking an immediate earnings explosion may well be disappointed — Gama is predicted to endure a 31% earnings drop in 2017. However, I remain convinced that next year’s predicted 9% bottom-line rebound should start a run of chunky profits advances.

Despite hitting fresh share price summits on Wednesday, Gama boasts a forward P/E ratio of 10.2 times. And I reckon this is unmissable value given the company’s improving position in a growing market, helped by the impact of recent M&A activity."

rivaldo
06/9/2017
14:43
Riv - it doesn't matter per se - its just a point about anal ysts and the drivel they come out with.

Would vaguely understand his price if he said it's cash adjusted, or sector-average P/E etc but in essence it looks like a finger in the air job to me.

Maybe being unfair to him - as perhaps he does have some sensible science behind his forecast - but at least we all seem to agree on the direction of share price travel, even if we differ in the destination.

joe say
06/9/2017
14:24
Well I care if its going to stay permanently undervalued !
corrientes
06/9/2017
14:09
Joe, does it really matter?!! 370p, 360p, who cares? The point is that GMAA is (imo and WH Ireland's anyway) extremely undervalued.
rivaldo
06/9/2017
13:43
Why 370p then - when the para focuses on P/E?

I get 7.1x may be too low but why does he then plump for 370p (10.27x earnings) as opposed to 360p (10x earnings)

Its almost as if he made this up

joe say
06/9/2017
13:34
Cheers fizzypop (and x54v) - here's a direct link.

The P/E of 7.1 is ridiculous. Good to see WH Ireland reiterate their 370p target:



"Shares in air services group Gama are looking cheap
06 September 2017, 13:09

Business jet services company Gama Aviation (GMAA:AIM) enjoys a 3% share price hike to 255p as its reveals a revenue increase of 45% to $291m in the six months to 30 June.

A large part of this improvement is thanks to a revenue increase of around 74% in its US air services arm, reflecting the company’s game-changing management merger with part of BBA Aviation and the growth of the Wheels Up contract.

The latter’s contract is a membership-based US private plane service which greatly reduces the cost of being able to fly in a private jet.

CHEAP VALUATION

Gama is trading on 7.1 times 2018’s forecast 36p earnings per share based on broker WH Ireland’s estimates.

WH Ireland analyst John Cummings describes this valuation as undemanding and gives the company a buy recommendation with a 370p target price.

STRATEGIC MOVES

Gama chief executive Marwan Khalek says that as much as he values the Wheels Up contract ‘it was becoming a big part of the business’ and the deal with BBA helps ‘recalibrate’ the company’s offering.

He adds that the deal helps to reduce concentration risk in the business as the deal with BBA not only offers coast to coast coverage of the lucrative US market, it may lead to cross-selling opportunities with BBA.

Khalek admits not much of this has come through yet, although he expects cost savings to follow in due course.

GENERATING CASH

Another positive part of Gama’s results is the $5.1m reduction in net debt to $14.3m. Some of this, $4.2m, was due to the disposal of legacy aircraft but the business is also becoming more cash generative.

The company’s pre-tax profit stood 40% higher at $7m. Underlying earnings per share is up 25% to just over $0.12."

rivaldo
06/9/2017
12:53
hxxps://www.sharesmagazine.co.uk/news/shares/shares-in-air-services-group-gama-are-looking-cheap
fizzypop
06/9/2017
11:55
Yet more of the same again. Happened last time, opened up significantly higher, then gradually dropped throughout the day.

Just what is wrong here ? Still a lot of disbelief or indifference to the story. As a completely different animal now, the excuse of the increased share price over the last year, doesn't wash since it had been a lot higher before then.

corrientes
06/9/2017
11:29
Short and sweet - he mentions the strong interims referring to profits and cash generation, maintains his bullish stance and with the shares on a discount to peers raises his TP to 325p.
x54v
06/9/2017
11:22
Excellent - thanks x54v. Perhaps after a suitable interval you (or someone else) could post the narrative for non-subscribers?
rivaldo
06/9/2017
11:08
Just been tipped by Simon Thompson who has upgraded his target price to 325p
x54v
06/9/2017
10:41
Another 2000 @ 252p. All about potential and increasing margins as noted above. As Scalper says today "Huge growth to look forward to, 500/600p target end of next year."
fizzypop
06/9/2017
10:25
Very good results and prospects.

Share price reaction as expected on results day. Short termers eager to sell.

twirl
06/9/2017
08:40
Yes, I fully agree, rivaldo. What would be encouraging to see, soon, is a clear break out above the trend that's been in place since February. Once that break out is established, we could see a very welcome rise up to the WHI 370p target.
aimingupward2
06/9/2017
08:32
Indeed. It's obvious from the narrative of the Financial Review that GMAA are concentrating on - and succeeding in - improving their cash conversion. Net debt is small. It's not an issue for me given the necessary investment for global growth.

The cheap fundamentals, the market leadership and the large growth potential are the key factors here.

I haven't yet seen any broker updates. I assume WH Ireland will reiterate their 370p target at this stage.

rivaldo
06/9/2017
08:15
Margin improvement is key. When they get to their 5% target it will transform cash generation. Moving in the right direction.
goliard
06/9/2017
07:26
Still generating very little free cashflow. OCF = $5.7mm less $3.45mm capex. The only reason the debts gone down is from disposal of assets held for sale.

I want to like them but it's hard when they've never generated much cash.

wjccghcc
06/9/2017
07:03
Cash outflow reversed. Lets hope the market pays attention at last.
corrientes
06/9/2017
06:58
Marwan Khalek has done a fantastic job in turning the company around.
igoe104
06/9/2017
06:55
The best thing is they seem to have turned around Europe from being stagnant to being buoyant, fantastic stuff. onwards an upwards for these now.
igoe104
06/9/2017
06:20
Great results - double digit increases across the board, net debt down. Most pleasing.
fizzypop
06/9/2017
06:20
Extremely good results at first glance....excellent stuff:

"Financial Highlights

· Total Group revenue up 45% to $291m (2016: $201m)
· Underlying total operating profit up 31% to $7.7m (2016: $5.9m)
· Underlying profit before tax of $7.0m, up 40% (2016: $5.0m)
· Underlying EPS up 25% to 12.2 cents (2016: 9.7 cents)
· Net debt decreased to $14.3m, down $5.1m from December 2016 (June 2016: $13.3m)
· Cash conversion from operations improved to an inflow of $5.7m compared to an outflow of $1.1m in 2016
· 2017 trading in line with management expectations"

The core US market is thriving - "buoyant" - and Europe Air similarly. Europe Ground is rebounding. And the CEO's conclusion is very bullish:

"Marwan Khalek, Chief Executive of Gama Aviation said:

"The first half of 2017 has seen the Group maintain the positive momentum generated through last year to deliver a good performance in line with our expectations. In all divisions and all regions we achieved strong revenue growth and encouraging improved margin performance.

The integration of the BBA aircraft management business into the US Air division is progressing well and benefiting from a buoyant US market. The 2016 acquisitions of Aviation Beauport and FlyerTech, in Europe Ground and Europe Air respectively, are performing above expectations. Gama Aviation is well positioned to continue to benefit from the opportunities that this highly fragmented market presents.

Based on our performance to date and contract visibility, the Board is confident that the Group will meet its full year expectations."

rivaldo
05/9/2017
10:31
No particular goodies being expected tomorrow then ? Just more work in progress by the looks of it.
corrientes
05/9/2017
09:05
IG 245/250 6000/500
twirl
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