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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
  2.00 4.65% 45.00 44.00 46.00 45.00 44.00 44.00 155,352 16:15:27
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Industrial Transportation 182.0 -4.3 -13.0 - 29

Gama Aviation Share Discussion Threads

Showing 1276 to 1300 of 1500 messages
Chat Pages: 60  59  58  57  56  55  54  53  52  51  50  49  Older
DateSubjectAuthorDiscuss
17/10/2018
13:45
Cheers igoe104. Worth noting that: (1) an IPO would boost Wheels Up's expansion even more quickly (2) Wheels up's fleet is already forecast to increase to 128 from the current 93, which has to be good for GMAA - who are mentioned below as a prime beneficiary (3) Wheels up want to consolidate the market - which would again increase their fleet (4) European operations are already starting - with 85 aircraft already identified: "Wheels Up (Booth 1416) expects to generate revenues of more than $400 million this year, up from $300 million last year, and is positioning itself for a public stock offering in 12 to 18 months. The company has already consulted on a potential offering with financial firms, including Fidelity and T. Rowe Price, CEO Kenny Dichter said on Monday at NBAA 2018. The company’s current fleet has grown to 93 aircraft—72 Beechcraft King Air 350is, 15 Cessna Citation XLSs and six Citation Xs. The latter type is a recent addition to the fleet, Dichter said. Wheels Up has commitments to take up to 35 more King Airs, which are going to remain the “backbone̶1; of the company’s fleet." "Dichter said Wheels Up’s growth has enabled the company’s operator, Gama Aviation, to have grown into the nation’s largest Part 135 operator, flying 75,000 hours last year." "He also said that Wheels Up is well positioned to take advantage of consolidation in the charter market. “We’re going to play in the consolidation game,” according to Dichter. Wheels Up is ready to “push the button” to begin European operations in earnest; the company has already established a flight desk there and had identified 85 possible aircraft for use, Dichter said."
rivaldo
16/10/2018
21:01
Wheels Up Flies Toward Stock Offering https://tinyurl.com/y8y6x8fl
igoe104
12/10/2018
11:08
Glad to see per his tweets Gordon (Glasshalfull) has been buying more GMAA as one of his "core positions which are indiscriminately being marked down". Hopefully good timing, and bouncing today.
rivaldo
11/10/2018
09:26
Perhaps some bright herbert will explain this debacle, and don't say general market weakness, because despite a few suggestions to the contrary, this is consistently going downhill.Glad I sold a tranche recently. Here's a good one ; a weakening US economy when this company never even saw the upside, or if it did, the rest of the world soon put that to flight !
corrientes
09/10/2018
15:45
SP getting slammed anyway. I still like GMAA but glad I sold half at c. 200p, & at a profit (just). Patience required.
napoleon 14th
04/10/2018
13:33
Cheers Dr Know. That reads better than I thought it would! Certainly some encouraging commentary from Downing.
rivaldo
04/10/2018
12:22
Here's an extract … Questor says: hold The company announced interim results last week. Reported profits plummeted from £9.6m to £2.9m, although “underlying221; figures were much better. The shares lost about 5pc. Nick Hawthorn of Downing, which holds a large stake, said there was little new in the statement. “There were a lot of exceptional costs, which muddy the numbers, and it takes some time to understand all the moving parts,” he said. “But things are better than they seemed from a first reading of the numbers. “We are holding on for the real reward, which will come from delivering the long-term strategic plan. We think it has great merit and the right operational management to execute.” He added: “There will be bumps along the road and it is frustrating when earnings don’t go in a straight line but it’s a solid business and a market leader. It has 70pc contracted revenues, no debt and $21m of cash.” He said the forecast price-to-earnings ratio was just 6.8 for next year, disregarding earnings from acquisitions.
dr know
04/10/2018
11:53
Apparently the Telegraph yesterday in its Questor column had a Hold rec with some commentary on GMAA. I assume there's nothing new, but anyway....if anyone's a Telegraph reader with an online subscription perhaps they could help out.... Https://www.telegraph.co.uk/investing/shares/questor-low-bonar-could-skating-thin-ice-have-sell-despite-50pc/
rivaldo
01/10/2018
15:40
Yes, this is one of the more boring shares. Despite several tips, nobody's interested. Seems that the critical BB writers have more knowledge of this company than the fly by night journalists and stockbrokers. How surprising. LOL.
corrientes
26/9/2018
14:12
Nice mention here: Https://www.aol.co.uk/news/2018/09/24/how-low-can-the-easyjet-share-price-go/ "Poised for growth If you’re looking for growth buys in the aviation sector, one company you might want to consider is small-cap Gama Aviation (LSE: GMAA). This 35 year-old business provides a mix of charter, fleet management, and maintenance services for corporate and government customers. In February it raised £48m in a share placing. This money will be used to fund the acquisition of operations in Hong Kong and the development of new bases in the US and the Middle East. The group wants to become the “leading global business aviation services group.” Half-year results published today suggests this could take a little time. Revenue rose by just 3% to $104.6m during the first half, while underlying pre-tax profit fell by 6% to $6.6m. However, the company says full-year expectations are unchanged and that its move to a new European base at Bournemouth Airport is on schedule to complete this year, delivering “immediate efficiency savings.” The placing has left the group debt free, except for lease liabilities, and with a net cash balance of $21m. Analysts’ consensus forecasts put the stock on a forecast P/E of 10 in 2018, falling to a P/E of 8 for 2019. I’d want to do some more research before buying, but this looks like a potential growth opportunity to me."
rivaldo
24/9/2018
16:59
I sold half mine - the half that was in (shrinking) profit. Waiting & see if the "IFs" in ST's article actually work out before buying back in. Faster movers elsewhere.
napoleon 14th
24/9/2018
16:00
Good to see Simon Thompson remains positive here - I'll paste it whilst it's free to read: Https://www.investorschronicle.co.uk/comment/2018/09/24/gama-on-course-for-strong-second-half/ "Simon Thompson 4 hours ago Gama on course for strong second half Shareholders in Aim-traded Gama Aviation (GMAA:187p) suffered a bout of turbulence over the summer after the operator of privately owned jet aircraft reported a flat trading performance in the first five months of the 2018 financial year. (‘Gama shares hit turbulence’, 5 June 2018). In the event, Gama reported a $400,000 decline in its first half underlying pre-tax profits to $6.6m which translated into a 10 per cent drop in adjusted EPS to 11¢. One reason for the shortfall was a near 20 per cent decline in operating profits to $3.39m in Gama’s US air division. This reflected investment made in the US sales force in the final quarter of 2017 to support future growth of this fast growing business. This explains the reduction in divisional operating margins to 1.6 per cent compared to 2.2 per cent in the first half of 2017. However, chief executive Maarwan Khalek points out margins would have been closer to 2.4 per cent (last year’s outcome) without making this investment and having done so should “resume their steady improvement towards a target of between 4 to 5 per cent.” That’s a fair assumption to make given that low double-digit revenue growth is being targeted in the US air business. In the first half, divisional revenues increased by almost 9 per cent to $206m. In Europe, Gama’s ground services division was held back by challenging trading conditions and its operating profits dipped by $116,000 to $4.46m on revenue of $26.7m. Part of the reason was uncertainty over the future of Oxford airport, an issue that has been addressed by moving the bases in Oxford and Farnborough to Bournemouth International Airport. This has doubled engineering capacity, improved the service offering and should support scalable growth. The $2m restructuring cost of the move (to complete in the fourth quarter of 2018) will largely be recouped by rent free periods on its new facility and capital incentives from its new landlord. I am not concerned about the fact that the Middle East ground services unit’s $210,000 operating profit at this stage of 2017 reversed into a $68,000 loss. This reflected a 10 per cent decline in revenues resulting from political uncertainty in Saudi Arabia. The situation is now more stable. Also, the Middle East air business actually made up that regional shortfall. Shareholders backed a placing at 245p a share that raised £48m in the spring which means Gama ended the period with $21m (a sum worth 25p a share) of net cash and an untapped 4-year credit facility of $70m priced at 1.9 per cent above Libor. The funds will help support the expansion plans I outlined in my last article (‘Gama shares hit turbulence’, 5 June 2018), as well as strategic bolt-on acquisitions which Mr Marwaan expects to conclude by the year-end. Around $4.3m of exceptional charges were booked in the first half of which $1.8m related to the cost of litigation which includes both the recovery of money outstanding from clients, and proceedings brought by clients. Mr Maarwan asserts that the overall awards and litigation settlements will result in a cash inflow, and only one major case remains outstanding. The company is also “trading in line with full-year forecasts” even though 35 per cent of this year’s expectations were delivered in the first half (against a normal 40 per cent weighting). Analysts at WH Ireland are maintaining their 2018 pre-tax profit estimate of $19.9m and EPS estimate of 26.4¢, implying 16 per cent profit growth on 2017. So, with the share price drifting from 206p when I rated the shares a hold during the summer to 187p, this means that they are rated on a forward PE rate of 9. That rating doesn’t take into account an underleveraged balance sheet and potential to make earnings accretive bolt-on acquisitions. It doesn’t take into account margin expansion in the important US air market either, nor for that matter a reasonable dividend (2.75p a share payout for 2017 financial year). So, although Gama’s shares have disappointed this year, I feel that they are worth holding because if Gama’s management execute on their expansion strategy, and the US economy stays strong, then there should be upside to both profits and the share price. Indeed, WH Ireland still expects EPS growth of 50 per cent in the 2019 financial year, penciling 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:$1.30, this implies EPS rising above 30p in 2019 and a forward PE ratio of six. In the circumstances, I would continue to hold the shares."
rivaldo
24/9/2018
15:16
Should be good news around the corner to push these back up again. The Group has an active pipeline of acquisition opportunities under consideration, subject to its disciplined acquisition criteria. A number are in advanced stages of discussions.
igoe104
24/9/2018
11:55
Strange price action. I have just done 2 dummy trades - 184p to buy and 185p to sell. Double checked and prices confirmed.
3500sr
24/9/2018
09:30
Take a close look at the operating cash flow and the exceptional items (that are seemingly recurring and not exceptional) plus the use of the discontinued business tactic and that tells the story. Cash flow doesn't support the profit. Note the CEO's travel expenses as exceptional??
1activeinvestor
24/9/2018
09:07
Headline figures are OK, but I'm trying to get my head around the cashflow. Needs a full statement IMO. I'm trying to put an interpretation on this. Cash at close = $21.1M. Cash raised £48.0M. WHY QUOTE IN TWO CURRENCIES??? AHEM....! Cash raised = $67.2M then! The balance on the above is $46.1M (67.2 - 21.1) Cash at 010118 open = ($13M) Improvement in balances = $34.1M (21.1+13) So does that mean a cash burn of $12M? (34.1-21.1) Or does that mean a cash burn of $33.1M (67.2-34.1) EBITDA is just $8.1M. Turnover is vanity, profit is sanity, cashflow is reality. Share price is boring, boring, boring! I hold a few.
napoleon 14th
24/9/2018
07:54
Results are as expected per the trading update, i.e flat for H1. The reassuring news is that the outlook statement confirms results for the year should be in line with expectations, i.e 26.4c EPS. The USA still looks terrific. Europe seems to be starting to recover now. There's investment and growth planned for huge areas around the rest of the world in Asia with Hutchison Whampoa's support, the Middle East etc. Happy to hold for the considerable potential upside and the (hopefully!) minimal downside given the currently cheap rating.
rivaldo
24/9/2018
07:53
The low P/E should give a buffer.
corrientes
24/9/2018
07:49
Results seem flat after a cursory skim. Had expected better.
fizzypop
12/9/2018
14:39
Cheers igoe104 - here's a direct link: Https://www.piworld.co.uk/2018/09/10/downing-strategic-micro-cap-investment-trust-agm-meet-the-managers-event-june-2018/ The Downing guy summarises that GMAA should be trading on a P/E of 14-15 rather than the current 8 or so given its lack of cyclicality.
rivaldo
12/9/2018
13:46
Link doesn't work for me.
corrientes
12/9/2018
13:18
Downing Reviewing GAMA and their other mirco caps. hxxps://t.co/CIsZqxxTG2
igoe104
12/9/2018
09:29
Two more new contracts: Https://www.gamaaviation.com/news/maintenance-news/gama-aviation-strikes-maintenance-support-deal-fontainebleau-aviations-opa-locka-fbo/ "5th Sep 2018 Gama Aviation strikes maintenance support deal with Fontainebleau Aviation’s Opa Locka FBO. Opa Locka is added to US coast-to-coast AOG and line support network. Opa Locka, 5th August – Gama Aviation, the global business aviation services company, is pleased to announce a commercial agreement between its Gama Aviation (Engineering) Inc. and Fontainebleau Aviation’s FBO at Opa Locka (KOPF). The agreement sees the integration of the Precision Aircraft Maintenance team (owned by Fontainebleau Aviation) into Gama Aviation’s comprehensive US maintenance network. Opa Locka, when combined with Gama Aviation’s existing facility at Palm Beach International, mobile units at St Petersberg and St Augustine, provides Floridian aircraft owners and transient winter clients a compelling, cross state, maintenance support offer. Dennis Richey, President, US Ground commented: “These are exciting times in our development as we build a network that offers our clients a local touch in high volume locations. Opa Locka is an important addition in Florida with its strong heritage in supporting Citation, Bombardier, Gulfstream and Dassault products. By combining a passionate, highly experienced local team with resources from our base at Palm Beach International, we’ll be able to offer our own clients, those of the FBO and other transient / resident aircraft, a wider range of AOG, line and base maintenance support from this world-class facility.” Bobby Courtney, VP of Aviation, Fontainebleau Aviation commented: “Our FBO was built on the philosophy of offering our guests a world-class service across all aspects of their experience with us. To deliver, we wanted a maintenance partner with a similar passion, which led us directly to Gama Aviation. With them, not only do we meet our goal at the FBO, we also extend our service beyond, providing our clients with maintenance support continuity across the US and internationally. For them and us, this is a win-win situation.” And: "5th Sep 2018 Gama Aviation adds Cessna Citation XLS+ to its European fleet Jersey, Channel Islands, 5th Septembert 2018 – Gama Aviation, the global business aviation services company, is pleased to announce it has won an aircraft management contract for a brand-new Jersey based Cessna Citation XLS aircraft. The aircraft, will become the newest of three Citation XLS aircraft based on the Island. Mark Gascoigne, Managing Director, Europe Air commented: “We are thrilled to continue the growth of the fleet in Europe with two good wins of late. The Citation XLS+ is a great addition to Jersey and with excellent charter availability we are expecting high demand for this well-appointed aircraft”. The new Citation XLS+, comes after a series of recent wins for Gama Aviation with the Group having added a Bombardier Global 5000, a Gulfstream G650ER and two light jets to its global fleet over the last two months. Gascoigne continues: “The addition of the Citation XLS+ demonstrates our passion for service excellence, our ability to support our clients’ mission and our unrelenting commitment to ensuring that we turn the complexity of aviation into a simple, enjoyable experience for our clients.”
rivaldo
10/9/2018
09:55
Good to see a £37,000 buy at 200p and a move up to start the week.
rivaldo
30/8/2018
12:03
Boring share price. Sold half a while ago, at a 33% profit. Needs to come up with something solid on Sept. 24th. Thanks for the updates, Rivaldo. At least they confirm things are happening.
napoleon 14th
Chat Pages: 60  59  58  57  56  55  54  53  52  51  50  49  Older
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