Share Name Share Symbol Market Type Share ISIN Share Description
Gama Aviation LSE:GMAA London Ordinary Share GB00B3ZP1526 ORD 1P
  Price Change % Change Share Price Shares Traded Last Trade
  +0.00p +0.00% 197.50p 0 08:00:00
Bid Price Offer Price High Price Low Price Open Price
195.00p 200.00p 197.50p 197.50p 197.50p
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Industrial Transportation 207.36 16.15 22.28 8.9 125.6

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Date Time Title Posts
13/8/201815:25GAMA AVIATION : post-merger with Hangar 81,271

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Gama Aviation Daily Update: Gama Aviation is listed in the Industrial Transportation sector of the London Stock Exchange with ticker GMAA. The last closing price for Gama Aviation was 197.50p.
Gama Aviation has a 4 week average price of 191p and a 12 week average price of 191p.
The 1 year high share price is 273.50p while the 1 year low share price is currently 190.50p.
There are currently 63,611,279 shares in issue and the average daily traded volume is 7,511 shares. The market capitalisation of Gama Aviation is £125,632,276.03.
rivaldo: Here's a reminder of what GMAA said less than 2 weeks ago: "Trading Outlook With strong growth in the US, steady and encouraging progress in scaling up our Middle East and Asia operations and stable trading in the EU market, supplemented by new business wins in the EU Ground division, the Group's expectations for the full year remain unchanged." Perhaps corrientes is referring to BBA, who are actually a partner of GMAA rather than a competitor.... Incidentally, BBA's share price is down today due to their exceptionals, plus a note on the USA showing slightly softer growth than expected, though still growing. However, their Signature division - which is partnered with GMAA - is outperforming the market. They conclude regarding Signature: "We continue to invest in our Signature network, including recent investments in new technology to enhance our fuel and non-fuel revenue management capabilities. As previously noted, we have been investing in enhanced EPoS and revenue management tools. The Group is confident that the outperformance of the Signature network against the US B&GA market demonstrates the ability of our unrivalled network to deliver value. Signature has recently secured a significant lease term extension with a new 20-year lease (with a possible further five-year extension) at its sole source FBO at Hartsfield Jackson Atlanta International Airport. Here, at what is the world's busiest hub airport, we will invest in a new FBO facility and will launch our Signature Elite™ service (private transfers to/from commercial flights via Signature's FBO facilities)." I note GMAA's price has been marked down today on a mere 7k shares traded!
corrientes: Looks like good news = falling share price. These individual bits of good news is just PR ie meaningless without financial elaboration. We haven't a clue whether its significant in terms of profitability, and of course we never hear of any contract losses.
napoleon 14th: 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.
igoe104: 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.
corrientes: Sorry, but I still feel that until a successful resolution of these various legal claims is settled, the share price will go nowhere.Uncertainty is a killer. These contract wins are surely just part and parcel of what you'd expect of a company of this size. I just hope the legal claims being made, primarily by Mr Dryden, are virtually all Hangar8 related issues.
3500sr: This share has held its price reasonably well till very recently and now just seems to be doing what many good aim shares have been doing lately.FLO, SND, XLM, ZYT, IGR, CHH, to name but a few, have fallen a long way and seem to be recovering. I saw today's drop as an opportunity to buy back in. Just strange the fall is after the new tax year rather than before. As already mentioned by others the share price could be affected by the AIR RNS last week.
rivaldo: I'm perfectly happy with the dividend. I'd much rather see the cash pile invested into further growth and acquisitions - as has already been happening and will now accelerate. Which could lead to a doubling of the share price from here over the next year or two in stable conditions as the market begins to recognise GMAA rather than a few extra pounds from dividends.
rivaldo: GMAA have only last month raised £48m from institutional investors - including the mighty Hutchison Whampoa, who've taken a 21% chunk of GMAA. It's hardly surprising that the share price is consolidating briefly given that much immediate market demand will have been sated. Especially as the share price has doubled in just over a year from the lows. It's now up to private and other investors to put together all the clues. We know that results in 2 weeks' time will be good (before known exceptionals) and that the outlook is rosy. Hopefully that will trigger a further re-rating.
rivaldo: 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."
rivaldo: New Buy tip for GMAA on Motley Fool: Http:// "Unilever plc isn’t the only growth giant that could fund your retirement Royston Wild | Wednesday, 6th September, 2017 I have long sung the praises of household goods leviathan Unilever (LSE: ULVR), its rich history of generating strong earnings growth, whatever the weather, making it one of the ultimate ‘peace of mind’ shares out there. But the Marmite maker and Persil producer isn’t the only stock that could deliver stonking returns long into the future. Indeed, Gama Aviation (LSE: GMAA) is another share I reckon you might be able to retire on. Plane brilliance The business aviation service provider has been a stellar performer in the year to date, its share price gaining 82% since the beginning of 2017 and soaring to 16-month highs above 250p just today, following the release of half-year numbers. The Farnborough-based company advised that revenues detonated 45% between January and June, to $291m, a result that powered underlying pre-tax profit 40% higher to $7m. Chief executive Marwan Khalek said: “The first half of 2017 has seen the group maintain the positive momentum generated through last year to deliver a good performance in line with our expectations… in all divisions and all regions we achieved strong revenue growth and encouraging improved margin performance.” The company saw US Air revenue rise 74% in the six-month period, and it advised that “the integration of the BBA aircraft management business into the US Air division is progressing well and benefitting from a buoyant US market.” Gama merged its aircraft management and charter business in the US with that of BBA Aviation back in January to create the country’s biggest aircraft management firm, a move that created significant cost benefits and expanded its global footprint. And at US Ground, Gama saw revenues shoot 19% higher in January-June thanks to the impact of new base openings last year and fresh contract wins. A strong North American marketplace was not the only cause to celebrate, however, with Gama noting that at Europe Air, “operational efficiency initiatives completed in 2016 have produced strong improvements in gross profit and EBITDA margins.” The flying ace also reported “modest revenue growth and improved profitability” at its Europe Ground. And elsewhere, Gama advised that Middle East Air and Ground had showed “encouraging growth” in the first half. Those seeking an immediate earnings explosion may well be disappointed — Gama is predicted to endure a 31% earnings drop in 2017. However, I remain convinced that next year’s predicted 9% bottom-line rebound should start a run of chunky profits advances. Despite hitting fresh share price summits on Wednesday, Gama boasts a forward P/E ratio of 10.2 times. And I reckon this is unmissable value given the company’s improving position in a growing market, helped by the impact of recent M&A activity."
Gama Aviation share price data is direct from the London Stock Exchange
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