Gama Aviation Share Discussion Threads

[rivaldo] 10/9/2020 08:22

GMAA have some great long-term contracts with the various rescue/ambulance services, so shouldn't be in any danger of collapse. On the other hand their core airline sector is going to be suffering for some time to come. And yet....maybe help is at hand for the sector from COVID-19 per today's news: Https://www.bbc.co.uk/news/business-54067499 "Covid vaccine: 8,000 jumbo jets needed to deliver doses globally, says IATA 4 hours ago Shipping a coronavirus vaccine around the world will be the "largest transport challenge ever" according to the airline industry. The equivalent of 8,000 Boeing 747s will be needed, the International Air Transport Association (IATA) has said. There is no Covid-19 vaccine yet, but IATA is already working with airlines, airports, global health bodies and drug firms on a global airlift plan. etc"

[escapetohome] 08/9/2020 10:37

Gama Aviation Plc (AIM: GMAA) ("Gama Aviation", the "Group") Gama Aviation awarded Ministry of Defence RAF glider contract Gama Aviation and Atkins, a member of the SNC-Lavalin Group, have been appointed by the Ministry of Defence (MOD) as the organisations responsible for supporting the airworthiness of the Viking T1 - the aircraft used by Royal Air Force (RAF) Air Cadets for basic glider training. The Viking is used at 10 locations across the UK to train Air Cadets to a sufficient standard for them to fly solo. The fleet currently comprises 48 gliders with four additional Vikings expected to be added to operations by the end of 2021. For the next two years, Gama Aviation and Atkins will support the airworthiness of the fleet, providing solutions to any issues that may arise around design standards and technical queries. Scott McVicar, Managing Director, Europe Ground at Gama Aviation, said : "We're proud to be working with Atkins to support this platform and its valuable mission to aid the next generation of aviators to build their flying skills safely." David Clark, Aerospace and Defence Market Director at Atkins, said : "By supporting the continued airworthiness of the Viking training glider, we're proud to be helping foster an interest in the aviation industry for Air Cadets. This appointment builds on our strong history in aircraft safety and we look forward to combining our technical expertise with the latest digital innovations to keep the Viking fleet in the sky." Since 2014, Gama Aviation and Atkins have collaborated on providing aircraft safety certification and are currently responsible for conducting Military Airworthiness Reviews for the RAF's HQ Air Command and The British Army's Joint Helicopter Command. Gama Aviation provides special mission services to law enforcement, defence, air ambulance and other government services. In 2020 the Group has announced new contract wins with the RAF, Joint Helicopter Command, the Home Office and the air ambulance contracts with the Government of Guernsey and the Government of Jersey. ENDS

[escapetohome] 08/9/2020 10:36

Telegraph downbeat. At the bottom of the cycle, typical error. I bought these shares. Reason to be upbeat. New contract awarded.

[napoleon 14th] 04/9/2020 09:46

Update: Gama Aviation We cannot be so upbeat about Gama, unfortunately. The aviation services business had plenty of troubles even before coronavirus came along. Now the shares stand 84pc below where we added them to the IHT Portfolio on the strength of Downing’s large stake in the firm. The fund manager has now given up and crystallised its loss and we must face the music too. Questor says: sell Ticker: GMAA Share price at close: 36p

[johnsoho] 21/7/2020 10:56

Just now purchased my first small tranche of shares in this company; I think it’s future is probably very profitable O

[s34icknote] 20/7/2020 10:03

Managed to pick up 30000 .Sicknote

[rhomboid] 24/6/2020 18:57

Thanks...I’m still getting Narcos/Noriega vibes...but I’m happy to be utterly wrong

[escapetohome] 24/6/2020 15:12

ROZZI BUSINESS INC. Company Number 831257 Native Company Number 831257S Status Vigente Incorporation Date 11 April 2014 (about 6 years ago) Company Type SOCIEDAD ANONIMA Jurisdiction Panama Registered Address DISTRITO PANAMÁ, PROVINCIA PANAMÁ Panama Agent Name PRIME LEGAL SERVICES Directors / Officers EFRAIN RAMOS MUÑOZ, director EFRAIN RAMOS MUÑOZ, tesorero LA FIRMA CONJUNTA DE CUALESQUIERA DOS DE LOS DIRECTORES/DIGNATARIOS CPN RESPECTO A CUALQUIER ACTO, TRANSACCION O NEGOCIO DE LA SOCIEDAD, OBLIGARA A LA MISMA, persona con derecho a firma MARIA CAROLINA LOPEZ RODRIGUEZ, director MARIA CAROLINA LOPEZ RODRIGUEZ, secretario NASIRA EDRIS HAFEJEE HAFEJI, director NASIRA EDRIS HAFEJEE HAFEJI, presidente PRIME LEGAL SERVICES, agent Registry Page hxxp://www.registro-publico.gob.pa/co...

[escapetohome] 24/6/2020 09:08

I had this on my monitor list, but missed the very bottom. Im in now though. I put a limit order in too.

[rhomboid] 23/6/2020 18:41

Good evening Rivaldo...Who are Rozzi business inc? Panama based doesn’t suggest the highest standards of probity?...or are they the exception?

[mfhmfh] 01/6/2020 15:04

2 seemingly positive RNSs today.

[rivaldo] 30/4/2020 22:44

A series of RNS's tonight - Panama-based Rozzi Business Inc have bought almost 8%, or 5m shares, of GMAA in the last six weeks (presumably taking up Downing's sales): Https://www.investegate.co.uk/gama-aviation-plc--gmaa-/rns/holding-s--in-company/202004301638455533L/ A precursor to a bid perhaps?

[rivaldo] 28/4/2020 10:41

Bottom-fishing buying coming in - and happy to pay well over the odds at up to 45p, way above the published offer price.

[rivaldo] 10/3/2020 08:50

Today's encouraging news hasn't been flagged up on ADVFN's Portfolio, so here it is for the record in case anyone missed it: Https://www.investegate.co.uk/gama-aviation-plc--gmaa-/rns/airops-software-secures-usd-2-5m-software-sale/202003100700075088F/ "Airops Software ("myairops") secures USD$2.5million software sale Gama Aviation, the global business aviation service provider, announces that its Global Services subsidiary Airops Software Ltd (trading as myairops) has secured a USD$2.5million Software as a Service (SaaS) contract with one of the world's largest business aviation operators. The system is live and provides comprehensive fleet management, crew rostering and maintenance planning capabilities in support of a large fleet operation. The three-year contract is the largest single deal yet signed by myairops, following a substantial investment in its SaaS platform by the Group. Commenting on winning the contract, Marwan Khalek, Chief Executive of Gama Aviation said: "We are pleased with the market traction being achieved by myairops, demonstrated by the confidence placed in the platform by one of the world's largest business aircraft fleet operators. It is another example of our strategic organic investment into innovative services that simplify business aviation."

[jeevsje] 03/3/2020 17:27

Interesting article: hxxps://www.flightglobal.com/helicopters/gama-aviation-sets-sights-on-expansion-of-helicopter-services-portfolio/137059.article

[1activeinvestor] 03/3/2020 13:46

Biz flights up for certain as more go private to stay safe. Should be a big boost for Gama, and now that their cash flow problems are resolved, the share price is due for a correction.

[rivaldo] 03/3/2020 13:27

Looks like good news. To get $33m for the 24.5% stake in Gama Signature reflect well against the now £36m m/cap. WH Ireland interestingly say this morning that the disposal will be earnings-enhancing going forward. And that's against their previous forecasts of 12.6c EPS for last year and 13c EPS this year. Also anecdotally I've been reading that the coronavirus alert has strongly benefited private aviation, for obvious reasons. WH Ireland conclude today: "WHI view: We view this move as strategically very sensible for Gama given its minority ownership in a business that we forecast would have generated EBIT of $4m in FY 2020E for the group and that is set to bring in cash of c.80% of Gama’s current market capitalisation over the next four years. The group retains its higher margin US Ground business, which illustrated strong growth at the time of the interims in September. We will review our PBT/EPS expectations to take account of this transaction at the time of the FY 2019E full year results (WHI est.FY 2019E PBT $10.0m, EPS 12.6c, FY 2020E PBT $10.5m, EPS 13.0c), whilst noting that this transaction should give investors confidence in the underlying value across the wider group."

[jeevsje] 03/3/2020 09:51

Look at those 10k buys. Once the large order is filled at 57p, the brakes will come off and we move above £1.

[jeevsje] 03/3/2020 09:31

Large order being filled at 57p.

[jeevsje] 03/3/2020 09:19

$33million sale for a company with a market cap of £36million which is also profit making.

[davebowler] 03/3/2020 09:13

Gama Aviation sells its US Air associate Gama Aviation, the global business aviation service provider, today announces the sale of its US Air associate, Gama Aviation LLC (doing business as "Gama Aviation Signature") to Wheels Up Partners Holdings LLC ("Wheels Up"). Gama Aviation Signature is owned 49% by GB Aviation Holdings LLC, a joint venture between the Group and Signature Aviation Plc, with the remaining 51% held by the Group's US partners. Gama Aviation will receive consideration of USD$33m, comprising USD$10m in return for its 24.5% equity interest and USD$23m for accelerated branding fees and other trading related considerations. USD$13m of the total purchase consideration is to be paid in cash at closing, with the remaining USD$20m to be paid in cash, with interest, in eight equal six-month installments over the next four years. The transaction is expected to be accretive to underlying earnings to FY2020 and FY2021 as well as resulting in a one-off profit on disposal of the equity interest. [1] As part of the transaction, GB Aviation Holdings LLC has licensed the continued use of the Gama Aviation Signature brand for up to two years. The Group has additionally entered into a five year non-compete agreement with Wheels Up in respect of its FAA Part 135 charter operations in the USA. The Group intends to use the proceeds from the sale to continue to execute its strategic objectives through its organic and acquisitive growth investments, further consolidating the fragmented business aviation market. Commenting on the transaction, Marwan Khalek, Chief Executive of Gama Aviation said: "We are pleased to announce the sale of our US Air associate. Strategically divesting minority investments simplifies our corporate and financial structure allowing us to further reinvest in growing the Group's wholly owned subsidiaries in line with our strategic objectives."

[jeevsje] 03/3/2020 08:52

This has moved from 50s to above 100p previously. The $33million sale was excellent value.

[jeevsje] 03/3/2020 08:20

I think the sale RNS was missed by a few people, being after hours. Should move to 90s, where the chairman was buying last year. Not many shares in issue.

[jeevsje] 02/3/2020 18:18

$33million sale announced. Tidying up the corporate structure for the imminent takeover.

[jeevsje] 14/2/2020 14:05

Surprised that they did not announce the improved terms on the loan last November. Not as far as I can see anyways.