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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
  3.50 8.75% 43.50 42.00 45.00 43.50 40.00 40.00 51,468 14:11:16
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Industrial Transportation 182.0 -4.3 -13.0 - 28

Gama Aviation Share Discussion Threads

Showing 1201 to 1224 of 1500 messages
Chat Pages: 60  59  58  57  56  55  54  53  52  51  50  49  Older
DateSubjectAuthorDiscuss
05/6/2018
12:40
I've already commented above. Obviously it's disappointing, but given the high recurring income and the strategic plan taking shape then all the factors for a re-rating from the currently low rating are still there, just delayed. WH Ireland have revised their forecasts as follows: this year : 26.4c EPS, or 19.8p EPS next year : 39.8c EPS, or 29.8p EPS They also see a 360p fair value price target. They conclude: "Fundamentally, we believe that Gama is positioned well to grow in highly fragmented markets, whilst the valuation remains undemanding."
rivaldo
05/6/2018
11:51
What say you, Rivaldo ? Can you put a better spin on this, or have you sold out ?
corrientes
05/6/2018
10:29
There you go...WH Ireland have released an update which indicates -8% EPS downgrade for this year & -3% EPS downgrade for 2019. Kind regards GHF
glasshalfull
05/6/2018
10:23
In my eyes GHF the business is too complex, low(ish) margins, questionable cash flow, unreliable broker forecasts over the past few years and a management hierarchical structure that seems convoluted to me
pireric
05/6/2018
10:18
Short lived investment for me at this juncture. As mentioned last night, not without risks. Took an initial position over recent sessions but sold out this morning. The tone of the statement contradicted the bullish commentary in March and potentially clearing the way for a miss. Like the opportunity here but the flat trading & ongoing litigation issue finds me exiting my small position at this time with a view to speaking with the company & revisiting the investment case. GLAH Kind regards GHF
glasshalfull
05/6/2018
10:06
Value trap.
pireric
05/6/2018
08:39
Given the careful wording about growth plan I think this year will be flat.
zipstuck
05/6/2018
08:28
Yes, bit of a mixed bag. at least the biggest division is growing nicely, hopefully the investment into the middle-east will make things improve in the region.
igoe104
05/6/2018
08:25
Who do they think they're kidding ? 'even better equipped' ? Just what are they on ? Please get real.
corrientes
05/6/2018
07:41
Somewaht disappointing; if they are flat at the moment thy are going to have to go some in H2 to hit 2018 forecasts. Good progress on the litigation front.
glaws2
05/6/2018
07:33
Yep, flat year-on-year trading, with the USA performing strongly, Europe mixed and the Middle East weak. The litigation side however continues to be positive, with GMAA still expecting net cash inflows and a majority already settled and inactive with presumably immaterial results. The outlook for Europe is improving, with "high quality contract wins for base maintenance and design the full effect of which will be seen in the second half of the year". The forward outlook similarly suggests that positive vibes can be inferred: "I am pleased with the progress that we are making in implementing our 2018 strategic plan which is tailored to ensure that, through a mix of organic investments and acquisitions, each division in the Group receives the necessary support to allow it to address its specific growth opportunities. With the strengthened leadership team now established, we are even better equipped to deliver on our strategic objectives."
rivaldo
05/6/2018
07:22
Feeling flat
zipstuck
04/6/2018
21:23
Yes, fair point, Glashalfull. I hadn't given the litigation aspect sufficient weight and accepted, perhaps too readily the Boards expectation that, when it's all done and settled, there will be a net cash inflow to the company. Of course there remains the possibility that there won't be - hence, as you say. there is some risk. The intent of my post, however, was just to contrast the situations of two companies, GAMA and ACSO, both of which have been picked out for a major investment. Quite often, it seems,lowly rated companies stay lowly rated for very long periods even when their growth rates and prospects are not much different from others which have caught investors attention and attracted pe ratios multiples higher. Each to his own, of course - there are some, for example, who principally seek to buy on share weakness whilst others will primarily go for for shares that have just hit a high.
aimingupward2
04/6/2018
18:06
Post 1210 - “...next to no risk in wading in here.” Disagree aimingupward, there’s alway risk & especially risk concerning the litigation as spelt out in the preliminary results which could result in further costs, further provisioning or damages c.$15m per the text below. - - - Litigation and associated exceptional items, and prior year adjustment The Group is involved in a number of legal proceedings, most of which arise from historic Hangar 8 trading activity, prior to the merger completed in January 2015, and those relating to disputes with Dustin Dryden (a former non-executive director of the Company and of Hangar 8 who resigned in September 2015) and affiliated entities. Taking account of the circumstances of each set of proceedings, legal advice received in relation to them and the Company's views as to the merits of such proceedings, the Company intends to continue to vigorously pursue/defend such proceedings. The Company has incurred legal costs of US$1.1m associated with these proceedings in the year ended 31 December 2017, which are treated as an exceptional item. The Board believes a similar amount will be incurred for future legal costs, through to the conclusion of the various proceedings, which will also be treated as exceptional. In respect of one of the proceedings against the Company, amounting to US$1.9m, the Board has decided to make a US$1.1m provision in the form of a prior year adjustment. This arose as a result of an obligation in relation to one particular customer arrangement for services provided prior to 2014 in the Hangar 8 business, which had not been recognised at the time in error. This has resulted in an increase in the liabilities by $1.1m and reduced reserves by the same amount in the prior period. This has had no impact on the income statement in the prior period. 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 and therefore no provision has been made in the accounts. 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. - - - I would definitely categorise these as risks BUT agree with the your other points. In summary: - * excellent growth prospects * inexpensive rating * low PEG * improved cash generation & forecasted strong FCF * strategic partner/ investor I happen to think the positives far outweigh the negatives, hence an investment prior to conclusion of litigation. Don’t have the time or inclination to expand at the moment, but will do so at some point. Always worth considering both sides of the investment argument. Kind regards, GHF
glasshalfull
04/6/2018
17:29
GAMA is inexpensive/cheap on a fpe of around 9 and a peg of probably below 0.25, so there's next no no risk in wading in here. Where genuine confidence/bravado is being shown is with ACSO where a huge end of day buy has been made for shares in a company already on a really very high rating and where the risk of a set-back after a strong recent rise must be much higher.
aimingupward2
04/6/2018
12:11
GHF :o)) Great minds think alike....good to see you in here as well as RNWH and CTO. Someone's confident - £113,000 of GMAA shares just bought in two lots at 225p, plus another £23k at 229p.
rivaldo
04/6/2018
12:10
Breaking out here?
gswredland
04/6/2018
11:15
I appear to be stalking you Rivaldo :-) Took an initial position on back of last weeks Scottish Air Ambulance contract extension. I’m also responsible for today’s 227p trade...offered lower amount of stock @225p but required to pay up as looking for 5k top-up. Would have bought in sooner but still concerned over potential impact of ongoing litigation. Only a small position therefore. Kind regards GHF
glasshalfull
04/6/2018
10:44
Thanks for the reminder Glaws2. Bearing in mind the following outlook from the prelims, plus the £50m contract extension, I'm hopeful it'll be nicely positive: "Current trading in line with management expectations; company well placed to achieve its expectations for the current year". Good to see an £11k buy at 227p just now - 2p above the 225p published offer price.
rivaldo
01/6/2018
11:07
Based on last year there should be a trading update on Tues - AGM day.
glaws2
01/6/2018
09:03
This looks like a large slug of work coming GMAA's way due to the need for regulatory compliance in installing Automatic Dependant Surveillance Broadcast technology: Http://aviationweek.com/ebace-2018/mros-dealers-and-brokers-warn-ads-b-logjam "MROs, Dealers And Brokers Warn Of ADS-B Logjam May 30, 2018 Gama Aviation is the latest company to add its voice to the growing chorus of concern that the business-aviation community is flirting with disaster if it continues to ignore the implications of the U.S.’s 2020 deadline for ADS-B conversion/installation. Duncan Daines, the chief marketing officer for Gama’s Oxford Airport-based London ground MRO unit, warns that operators face increased costs or having their jets grounded if they do not get the work scheduled soon. Experts note there are more aircraft remaining to be outfitted than there are MRO slots available before the deadline. Failure to comply will result in jets being unable to fly in most classes of North American airspace, limiting their utility so extensively it will effectively mean they are grounded. “We don’t think operators are taking the 2020 ADS-B mandate as seriously they should,” Daines says. “Exactly the same is happening in the U.S: it’s delay, delay, delay. “This is a mandate that we do not believe is going to change. Operators need to take action now.” Clearly, for a company such as Gama, which will fit Honeywell-supplied equipment, there is an obvious business interest in heightening a perceived sense of urgency. “It does, as an MRO, provide us with a potentially useful market,” Daines says. Yet Daines’s warning cannot be dismissed as an attempt to drum up business through instilling fear or panic. It is, he argues, the product of how many jets the company knows need to have the work done, how few have so far been booked in for the necessary upgrade, and how long conversion takes to carry out. “There are too many aircraft, not enough maintenance slots, not enough engineers, and not enough parts. It just puts pressure on the system, and when you put pressure on the system, prices go up. etc"
rivaldo
31/5/2018
07:16
Yep, terrific news - which just adds to GMAA's already high future earnings visibility: Https://www.investegate.co.uk/gama-aviation-plc--gmaa-/rns/-50-million-air-ambulance-contract-extension/201805310700037523P/ "£50 Million Air Ambulance Contract Extension Gama Aviation Plc, one of the world's largest business aviation services providers is pleased to announce the extension of its seven-year Scottish Ambulance Service contract. The contract extension commences in June 2020 for a further period of three years and is expected to be worth in the region of £50 million over that period. Marwan Khalek, Group Chief Executive said: "I am delighted that we have been awarded this contract extension. Our work with the Scottish Ambulance Service over nearly three decades demonstrates the effectiveness of our business model, supplying both Air and Ground support to deliver mission-critical services where high availability and rapid response times are vital. This is testament to the dedication and expertise of our people, resulting in an excellent track record for delivery that has created an enduring relationship with accompanying contracted revenue streams. The forward visibility these contracts afford allows us to further enhance our support to the Service through the provision of state-of-the-art facilities in Glasgow and Aberdeen." etc"
rivaldo
31/5/2018
07:03
Big contract (£50m over 3 years)extension with the Scottish Air Ambulance
glaws2
30/5/2018
09:13
Encouraging to see another brick in the wall just announced, with the appointment of a strong-looking new CFO with extensive experience in much larger businesses than GMAA: Https://www.investegate.co.uk/gama-aviation-plc--gmaa-/rns/appointment-of-chief-financial-officer/201805300820016530P/
rivaldo
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