Gama Aviation Share Discussion Threads

[mfhmfh] 16/2/2018 15:25

From stockmarketwire:

'Neil Medley, Executive Director, received in lieu of fees/salary 25,000 shares in the company on the 15th February 2018 at a price of 0.00p. The Director now holds 25,000 shares.'

'Neil Medley, Executive Director, bought 25,000 shares in the company on the 13th February 2018 at a price of 255.00p. The Director now holds 50,000 shares.'

[mrnumpty] 14/2/2018 18:06

Daily Telegraph Business section 14/2/2018 : " Update : Gama Aviation . Gama Aviation , tipped at 193.5p in August last year , has announced plans to raise £ 48M by selling new shares . Gama's existing partner in Hong Kong , Hutchinson Whampoa , has committed £ 32.7M for 21pc of Gama's enlarged equity . " This is a coup for Gama , giving it the financial firepower to take the company to the next level " , said Nick Hawthorn of Downing , who holds shares in the group . " Since we invested , management have done everything they said they would . It's only a matter of time before the true potential of this business is realised . The shares continue to look cheap at only 8.8 times 2019 earnings . We believe that they deserve to be rated at least in line with peers at 12.5 times earnings , which would imply a share price of 370p " . Questor [ the Telegraph's shares tipster ] says : buy . That is the complete and unexpurgated text .

[igoe104] 10/2/2018 10:25

Looks like GMMA, are looking to move to the next level.

Gama Aviation PLC Proposed Placing to raise £48 million.

LONDON (Alliance News) - Gama Aviation PLC said on Friday it intends to raise GBP48.0 million through a placing of 19.6 million shares at a price of 245.00 pence per share.

Shares in the aviation services provider closed up 0.4% at 265.00 pence on Friday.

USD18.9 million of proceeds will go towards acquiring Hutchison Capital Holdings Ltd's Hong Kong aviation interests, comprising a 50% stake in Gama Aviation Hutchison Holdings Ltd and a 20% stake in China Aircraft Services Ltd.

Proceeds will also go towards a capital investment in two ground base maintenance facilities in the US and developing the Sharjah business aviation centre in the Middle East, and targeting opportunities in Europe and Middle East.

The shares issued will represent a 31% interest in Gama Aviation's enlarged issued share capital.

Jefferies International Ltd is acting as global coordinator, nominated adviser and broker to Gama Aviation.

In addition, Gama Aviation said that underlying earnings for 2017 is set to be in line with management expectations.

Should the placing go through, Gama Aviation will have 63.6 million shares issued overall.

[igoe104] 07/2/2018 13:24

yes, thats my thinking as well.

GMMA are ready to go to the next level, £3 +

[rivaldo] 07/2/2018 11:45

Rising nicely today - encouraging that comparative to other stocks it barely fell at all over the last couple of days.

[rivaldo] 02/2/2018 13:04

Decent £20,000 buy at the full 270p offer price.

[rivaldo] 01/2/2018 14:14

Nice positive intra-day turnaround.

Cheers ai2.

[aimingupward2] 30/1/2018 09:02

Thanks for the Simon Thompson write up, rivaldo. All very encouraging. This is pretty clearly a very undervalued share.

[rivaldo] 29/1/2018 22:58

Tipped as follows by the IC's Simon Thompson - hopefully more buying to come tomorrow:

"Gama in the ascent

Shares in Aim-traded Gama Aviation (GMAA:260p), an operator of privately owned jet aircraft, have reacted positively to a pre-close trading update ahead of results on Monday, 19 March 2018. I expect the share price to continue to make headway towards the 325p target price I set out at the time of the interims ('Riding earnings momentum', 6 September 2017).

Analyst John Cummins at broking house WH Ireland expects revenues to have climbed by over a third to $586m in 2017, buoyed by significant growth in Gama’s US air division following the Landmark fleet joint venture with BBA Aviation (BBA), and in its US ground handling business, too. As expected Gama’s European air division has produced a far better margin improvement on the back of cost savings. As a result, pre-tax profits are forecast to rise by 28 per cent to $17.5m and deliver EPS of 32.9¢. The strong operational progress is set to continue in the new financial year especially as the US economy remains buoyant, suggesting that Mr Cummins’ EPS estimate of 36¢ is well supported. On this basis, Gama’s shares are rated on 10 times earnings estimates.

One reason for the modest rating is that Gama is involved in legal proceedings relating to its legacy Hangar 8 business brought by its former chief executive Dustin Dryden who resigned in September 2015. In a separate case, the company is trying to recover a long standing trade receivable on which it holds adequate security. The board expect the net effect of these proceedings to lead to a net cash inflow to the company. I am unconcerned.

More importantly, with net debt reduced by almost a third to $13m year-on-year, and the trading outlook upbeat, I would expect a hike on last year’s dividend of 2.6p a share and see potential for further earnings-accretive bolt-on acquisitions. Buy."

[corrientes] 29/1/2018 14:51

This isn't the first time someone has been selective with their comments, and every time the price has gone back up.

[igoe104] 29/1/2018 13:30

indeed,

My glass of champagne will taste even sweeter, when DD has to pay out.

[rivaldo] 29/1/2018 12:11

Indeed igoe, looks like a planted non-story if ever I saw one. GMAA really don't seem bothered.

[lancasterbomber] 29/1/2018 12:10

Read that article and got out at 259 very illiquid share, had trouble selling

[igoe104] 29/1/2018 10:49

Looks like DD, has strong connections in the times ?

Wishful thinking, on the rags behalf.




Just a reminder.

Litigation
The remaining proceedings fall into two categories, the first involves proceedings by the Company to recover long-standing trade receivables that amount to approximately US$5.5m. The Company has made adequate provisions or holds security against these claims and as a result the Board does not expect any further provisions will be required. In addition, based on legal advice, the Board considers the proceedings to recover these receivables are likely to be successful.
The second involves a number of proceedings brought against the Company in which the claimants seek to recover damages for alleged contractual breaches which amount to approximately US$15.3m. Based on a detailed analysis of the claims and legal advice, the Board believes that these claims are speculative and/or overlapping and the Company continues to vigorously defend them.
By the time all these proceedings, some of which are with the same counterparties, are determined or settled, the Board expects the overall awards and settlements to result in a cash inflow to the Company

[rivaldo] 26/1/2018 15:30

Another £85,000 of buys this afternoon have burst the dam....

[rivaldo] 24/1/2018 23:02

Nice strong end to the day bodes well for tomorrow, with buying at almost 264p.

[rivaldo] 24/1/2018 14:23

Since that last post there's been almost another £100,000 of buys at 260p and 261p.....

[rivaldo] 24/1/2018 11:54

Buyers today are paying the full 261p offer, whilst sellers are achieving almost the mid-price or a significant premium to the bid. Which is encouraging.

[rivaldo] 23/1/2018 11:56

Lots of good news recently:



"7th Jan 2018
Oxford airport maintenance facility receives FAA approval

Gama Aviation Oxford airport maintenance receives FAA approval to support private jet maintenance for Bombardier Globals, Challengers and Embraer Legacy.

Gama Aviation’s Oxford airport private jet maintenance base has added to its comprehensive coverage with the addition of FAA approvals for ‘N’ registered Bombardier Globals, Challengers, the Embraer Legacy series and the Bae Hawker series.

Scott Corbett, Base Maintenance Manager, Gama Aviation Oxford, commented: “This summer has seen a high volume of maintenance activity taking place in Oxford. The new FAA approval, combined with our 24/7 AOG coverage for these highly popular types creates a compelling proposition for individuals and fleet owners who want holistic coverage for their aircraft.”



"4th Jan 2018
Hong Kong Bombardier maintenance approval

Gama Aviation, is pleased to announce China Aviation Services Limited has been awarded Hong Kong Bombardier maintenance approval with a comprehensive FAA Ops Spec at its Hong Kong International Airport base.

The FAA Bombardier Global maintenance approval for the BD-700 series, enables Gama Aviation’s Hong Kong business to sell, under its general sales agreement with CASL, base maintenance (up to and including 3C / 24 month inputs) to local and regionally based FAA registered Bombardier clients.

etc"



"7th Jan 2018
Night vision NVIS integration for special mission"

[rivaldo] 23/1/2018 08:57

On the move again today....

[rivaldo] 22/1/2018 08:24

Great start to the week, with buying now coming in at 258p. Looks like our large buyer is still out there.

Hopefully new almost 2-year highs coming soon, but still lots of upside to WH Ireland's 370p target price.

[glawsiain] 19/1/2018 16:07

I had been concerned by the FD leaving before xmas. Looks like there were no skeletons left behind, which is nice

[rivaldo] 19/1/2018 15:36

...as proven by the buying coming in and the price moving upwards.

[rivaldo] 19/1/2018 10:48

WH Ireland have today reiterated their forecasts of:

last year: 32.9c EPS
this year: 36.0c EPS
next year: 41.2c EPS

The pound has pushed up to $1.38 at present, but may be back to say $1.30 in terms of translation pretty soon.

A single-figure P/E and a PEG of less than 1 marks GMAA as cheap and with a good value growth rating. The legal shenanigans may or may not hold it back for a while, but it'll only take a little interest to cause a good re-rating.

It's encouraging that, unusually for GMAA, any selling this morning has been mopped up without a price move, suggesting there's a buyer or two out there.

[czar] 19/1/2018 09:39

I moved on a while back, better growth businesses to switch into. Best of luck to all holders.