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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
  1.10 2.78% 40.60 38.00 41.00 40.80 39.50 39.50 30,901 16:35:09
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Industrial Transportation 182.0 -4.3 -13.0 - 26

Gama Aviation Share Discussion Threads

Showing 1226 to 1248 of 1500 messages
Chat Pages: 60  59  58  57  56  55  54  53  52  51  50  49  Older
DateSubjectAuthorDiscuss
19/7/2018
11:14
Contrary views...that’s what makes a market. Fully understand Eric’s position. GMAA have it all to prove. Since my brief foray into GMAA...and back out again on the lacklustre AGM statement I’ve spent time looking at the business. Don’t have time at the moment but will prepare a write-up in due course as I believe it an excellent risk/reward proposition. The US Air & Ground is performing v well & I believe the Far East will also perform strongly in due course. Europe & Middle East have been poor but today’s statement provides cause for optimism that each should perform better in H2. All in they are on a PER 10 for the current year with 50% earnings growth estimated for 2019. As Eric says, they’ve got it all to prove. With litigation now out the way they look v good value to me & I’m a buyer. Kind regards, GHF
glasshalfull
19/7/2018
10:23
I have little confidence in them meeting that 39.8c target. I.e. expect downward revisions at some point
pireric
19/7/2018
09:39
39.8c eps for next year, with the pound steadily falling against the dollar, would mean 30 pence - putting the share on a forward p/e of less than 7. This will be seen, in due course, to absurdly cheap.
aimingupward2
19/7/2018
09:26
I just hope you're right, and we don't see another negative coming in from left field. Still, law of averages says they've got to get a confluence of good news at some point.
corrientes
19/7/2018
09:08
WH Ireland have reiterated their 360p fair value here. They've also retained their forecasts of 26.4c EPS this year and 39.8c EPS next year. The early MM markdown was ridiculous, but predictable, on first reading of the flat H1 which we knew already. You just have to read the narrative to see that Europe is improving and expectations are unchanged. Buying has since begun to come in. As investors actually digest the RNS we should now see a decent bounce from here on what is now an extremely low rating.
rivaldo
19/7/2018
08:35
Sorry, but these type of statements from you guys sound like a repeating gramophone record.Clear out of the mainland European operations as, like the EU as a whole, a disaster case.IMO.
corrientes
19/7/2018
07:44
Good to hear we are course to meet expectations, and acquisitions are around the corner. and now the court case is settled in a favourable manner, these should start moving back up to the £2.50 mark again.
igoe104
19/7/2018
07:33
An encouraging H1 trading update today. We already knew that year on year was flat, but GMAA have now confirmed that they're trading in line with expectations for the full year of 19,67p EPS (with 29.66p EPS forecast for next year): Https://www.investegate.co.uk/gama-aviation-plc--gmaa-/rns/half-year-trading-update/201807190700030887V/ The USA remains very strong, whilst Europe is now picking up steam. There are lots of strategic moves taking shape which will come to fruition this and next year. And "a number of acquisitions" are now in "advanced discussions", so hopefully we'll have news soon.
rivaldo
18/7/2018
16:54
Aviation firm moving facilities to Bournemouth Airport. https://tinyurl.com/y72gsnta
igoe104
27/6/2018
10:43
Note that (1) before today's share option issuance there were very few share options in existence, and (2) the new options are only exercisable at 205.5p. Which rather aligns the option holders' interests with ours. A refreshing change from all those companies who still issue nil cost options.
rivaldo
27/6/2018
10:25
On the other side of the fence ; xugger the shareholders to hell.
corrientes
24/6/2018
18:44
New article about the ADS-B work which should provide a nice additional income stream for GMAA given the need for regulatory compliance: Http://aviationweek.com/business-aviation/gama-aviation-concerned-ads-b-deadline-being-ignored "Gama Aviation Concerned That ADS-B Deadline Is Being Ignored Jun 22, 2018 Britain’s 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 operators continue to ignore the Jan. 1, 2020, deadline for equipping their aircraft with ADS-B technology. 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. ..."
rivaldo
20/6/2018
15:33
You'd think that, but seems to me it'll take some sterling results to get this one out of the doldrums where it has been for quite a long time now, like for two years now as far as PI's are concerned. Come on press (apart from the Dryden supporter that is) ; lets have some bells and whistles.
corrientes
19/6/2018
15:02
Great news in itself, which also validates the integrity of the Board in its prior statements. Onwards and upwards from here. And there's lots of potential "upwards" :o))
rivaldo
19/6/2018
13:29
With litigation out of the way, this now looks particularly good value and a safe reliable investment.
aimingupward2
19/6/2018
12:51
Reading between the lines, the payment is probably around £850,000 for Gama. looking like its (part cash, part assets.) Because its states this in the statement (supports the Board's previously announced expectation) The expectation was 850k
igoe104
19/6/2018
12:51
Good result eliminates any potential liability; " the Dryden Parties undertake to withdraw their various damages claims against the Company, and to transfer value to the Company by a cash payment and transfer of certain assets; and the Company undertakes to withdraw its debt recovery claims against the Dryden Parties." Share price down anyway! LTBH. GLA.
napoleon 14th
19/6/2018
12:36
What a shame they won't say how much.
corbeta
11/6/2018
15:08
Nice £50,000 buy at 218p just reported - 3p above the published 215p full offer price.
rivaldo
08/6/2018
09:25
Cheers igoe`104. And this interesting comment from Downing is from today's Questor column in the Telegraph: Https://www.telegraph.co.uk/investing/shares/questor-inheritance-tax-portfolio-seven-new-additions/ "Update: Gama Aviation Shares in Gama, the aviation services group, fell by 12.2pc on Tuesday after it said trading this year was “flat”. The shares are now 15.5pc below where we tipped them for this portfolio in January. Nick Hawthorn, of Downing, which owns about 6pc of Gama, said “we are not sellers, we think this is a great quality business with a lot of potential over the long term”. He said the update had been poorly worded and that a consequent reduction in one broker’s earnings expectations had hit the shares. “The US is trading very well, there are cost efficiencies ongoing [but] European maintenance contracts are expected to come through in the second half of the year,” Hawthorn said. “This [delay] led to the caution in the trading statement. “There is execution risk but we are comfortable with expectations for the full-year outcome. It is worth remembering that this puts the company on a multiple of less than 8 times 2019 earnings. It still has more than $25m (£18.6m) to deploy on earnings-accretive deals.” He added: “There is work to do on market perception and sentiment, which was acknowledged in the update. The company is fully funded to deliver on its strategy. The management team has been bolstered and contracts have been delayed but not lost during the period.” Hold."
rivaldo
06/6/2018
20:10
Thanks igoe104
fizzypop
06/6/2018
07:49
Gama Aviation shares hit turbulence Simon Thompson Shareholders in Aim-traded Gama Aviation (GMAA:206p) suffered a bout of turbulence after the operator of privately owned jet aircraft reported a flat trading performance in the first five months of the 2018 financial year at its annual meeting. Analysts at broking house WH Ireland reined back their full-year pre-tax profit forecasts from $21.8m (£16.3m) to $19.9m, representing 16 per cent growth on last year but well behind the 27 per cent growth I had envisaged when I last suggested buying the shares at 257p (‘Small-cap earnings beats’, 21 Mar 2018) when Gama reported a near 25 per cent uplift in its 2017 underlying pre-tax profit to $17.1m. The reason for the downgrade is mainly due to a more challenging trading environment for Gama’s European ground services division. On the plus side, its US air operation continues to report robust trading, reaping the benefits of the fleet joint venture with BBA Aviation (BBA), and the US ground division continues to pull in new clients and produce strong organic revenue growth. Importantly, the company has the firepower to accelerate its plans in its higher growth Asian and the US operations, having raised £48m in a placing at 245p a share in February, a fundraising heavily backed by an affiliate of the mighty Hutchinson Whampoa (China), a Hong Kong-based conglomerate operating across a diverse number of sectors including the provision of aircraft maintenance and logistic services. Hutchinson now owns 21 per cent of Gama’s enlarged share capital of 63.5m shares. Around $19.8m (£14.2m) of the capital funded the acquisition of Hutchinson’s Hong Kong aviation interests, including a 20 per cent stake in China Aircraft Services, a company founded in 1995 and one of only three operators that provide maintenance, repair and overhaul aviation services at Hong Kong International Airport. I understand that the collaboration is "making good progress”. In the Middle East, Gama is using $5m of the fundraising as seed capital to develop a new $45m aviation centre at Sharjah International Airport. It makes sense to do so in light of capacity constraints at Dubai International Airport. Sharjah is well located to be used as a platform for expansion in the Middle East, and is a lower cost base, too. The aviation centre is on track to open in the fourth quarter of 2019. A further $10m from the fundraise is being used to expand hangar capacity and tooling and equipment at Gama’s fast-growing operations on the east and west coast of the US, where Gama operates from 14 locations and manages a fleet of 200 aircraft. Growth has been held back there by capacity constraints, an issue the new capital addresses, as well as providing cross-selling opportunities on the maintenance side of the business. The directors confirm that they “expect to add base maintenance capacity on both coasts in line with our 2018 strategic plan”. The point is that these investments and the ongoing robust organic growth in the US operations still support a step change of profitability in the 2019 financial year, a key reason behind my buy recommendation in March. Also, Gama has strengthened its management team since I published that article, having appointed a new finance director, a director of corporate development and chief operating officer for the US air division. It has also settled four out 10 of the litigation cases outstanding, and is “confident that the overall awards will result in a cash inflow to the company”. True, the placing will be dilutive on EPS in the short term as the new funds are deployed which is why WH Ireland is pencilling in a figure of 26.4¢ this year, down from 31.6¢ in 2017, even though pre-tax profit is set to rise by 16 per cent to $19.9m. However, the broker still expects earnings growth of 50 per cent in the 2019 financial year, pencilling in EPS of 39.8¢ based on pre-tax profits of $32.1m. On the basis of the current sterling dollar exchange rate of £1:$1.34, this implies 2018 EPS of 19.7p, rising to almost 30p in 2019 and a forward PE ratio of 10 and seven, respectively. That’s an incredibly low rating for a company without any debt issues (net debt of less than £10m at the end of 2017 has effectively been wiped out as around £20m of the placing proceeds are earmarked for future acquisitions). Clearly, Gama’s board has to deliver on their expansion plans by targeting high growth regions, and the earnings downgrade resulting from the weaker European business is hardly ideal. However, I feel that the 20 per cent pullback in the company’s share price since March is overly harsh as it’s completely out of proportion to the scale of the earnings downgrade. Price on a price-to-book value of 1.3 times, offering a dividend yield of 1.4 per cent (the final payout of 2.75p a share for the 2017 financial year goes ex-dividend on Thursday 28 June), and with drivers in place to support the 2019 profit growth trajectory, I would recommend riding out this turbulent passage and await the next trading update from the company on 19 July 2018. Hold.
igoe104
05/6/2018
13:38
If it follows the normal pattern, there will be a partial recovery shortly. These corporate types coming in must be there to sort out the malstructure,so we might finally get on the right track. Europe in its present German dominated form, squeezing the life blood out of the other EU countries,is a dead duck IMO,so concentrate on the rest of a far larger world, not the suffocating EU.
corrientes
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