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GMAA Gama Aviation Plc

5.00 (5.26%)
08 Dec 2023 - Closed
Delayed by 15 minutes
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 Shares Traded Last Trade
  5.00 5.26% 100.00 1,946 09:06:30
Bid Price Offer Price High Price Low Price Open Price
95.00 105.00 100.00 99.00 99.00
Industry Sector Turnover Profit EPS - Basic PE Ratio Market Cap
Air Transport, Scheduled USD 285.64M USD -8.86M USD -0.0060 -166.67 1.47B
Last Trade Time Trade Type Trade Size Trade Price Currency
10:40:46 O 686 97.155 GBX

Gama Aviation (GMAA) Latest News

Gama Aviation (GMAA) Discussions and Chat

Gama Aviation Forums and Chat

Date Time Title Posts
02/11/202316:35GAMA AVIATION : post-merger with Hangar 81,560
21/2/202213:05Gama Aviation3

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Gama Aviation (GMAA) Most Recent Trades

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Gama Aviation (GMAA) Top Chat Posts

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Posted at 10/12/2023 08:20 by Gama Aviation Daily Update
Gama Aviation Plc is listed in the Air Transport, Scheduled sector of the London Stock Exchange with ticker GMAA. The last closing price for Gama Aviation was 95p.
Gama Aviation currently has 1,471,854,944 shares in issue. The market capitalisation of Gama Aviation is £1,471,854,944.
Gama Aviation has a price to earnings ratio (PE ratio) of -166.67.
This morning GMAA shares opened at 99p
Posted at 18/10/2023 21:45 by pireric
For me, the judgement call on leases is whether there is a material risk a big share of them can go onerous / not coverable by operating cash flows.

For a company like Next, am I realistically worried? No. It's just a cost of running the business, so look at net debt/cash on a pre-lease basis

For a barely profitable restaurant chain... then I would be more worried and want to think of it as a liability that may not be fundable out of operating cash flows and a number that should go into an EV

I am not too sure what to make of GMAAs leases as I am not too familiar which side of that argument they should fall into

Posted at 18/10/2023 10:20 by paul_butcher1999
Thanks Rivaldo - the share price increase looks very muted given these numbers!
Posted at 18/10/2023 07:58 by rivaldo
WH Ireland have their forecasts under review for the time being, but they summarise:

- the net proceeds from the sale are expected to be c.$100m, equivalent to c.125p per share
- not less than 55p per share are expected to be returned to shareholders
- following the completion of the sale net cash (ex leases) is expected to be $88m, i.e around 111p er share

They conclude:

"While Jet East has been the strongest performing segment in recent years and central costs will now need to be spread across a smaller business, the transaction not only provides the ability to create significant immediate value for shareholders but will also bring with it capital to invest in the remaining Business Aviation, Special Missions and Technology & Outsourcing operations to enable these to deliver future growth"
Posted at 18/10/2023 07:49 by camerongd53
The only bad news is that I am sitting on a cost of £1.93 per share.

It will interesting to see what valuation is put on the rest or remaining rump of the group.
It being small it could be attractive to someone who does not want the US assets.
The rump could be a takeover target.
Posted at 18/10/2023 06:36 by rivaldo

Jet East is to be sold for a whopping $131m, or $100m net.

There'll be a MINIMUM 55p per share return to shareholders. Plus of course we'll still have in particular the thriving Special Mission business plus the "Technology & Outsourcing and Business Aviation strategic business units".

And the distribution will only take up around £35m of the proceeds, so there should still be a very substantial cash pile left over after repaying the relatively de minimis borrowings.
Posted at 12/6/2023 10:26 by rivaldo
Last week's results were reasonably encouraging, and it seems that trading continues to slowly improve. Net debt is reducing and continues to do so during 2023.

It's a broadly positive picture, with various positives and negatives and GMAA correcting the mistakes and over-indulgences of the past. The US is looking good, and the long-term Special Missions contract wins are especially encouraging.

GMAA are still in my bottom drawer, but I'm more optimistic that there's more sensible strategy in place now.


"New hangar planned at Jersey Airport
4 days ago

A new hangar could be built at Jersey Airport, on the site of the former cargo centre.

The 60,000 sq ft (5,574 sq m) building, expected to take up to two years to complete subject to planning approval, is part of site regeneration plans.

There will also be new facilities to transfer patients by air ambulance, aircraft servicing space and a terminal for people flying by private jet.

Gama Aviation won the tender for the work, with Ports of Jersey.

Matt Thomas, chief executive officer of Ports of Jersey, said the authority was "keen to develop opportunities to increase the island's visibility, attract inward investment and support local job growth".

Marwan Khalek, founder and chief executive of Gama Aviation, said the firm was "delighted" to partner with Ports of Jersey "supporting the Government of Jersey's economic development objectives and preparing the way for the future of aviation".
Posted at 06/4/2023 12:44 by johnsoho
Anyone any indication of what’s happening at GMAA? Been no trades as far as I can make out for a few weeks or so !!!! And no news releases by the company.
Posted at 22/2/2023 13:34 by rivaldo
Great to see the Welsh Air Ambulance contract confirmation just now.

The prior RNS named GMAA as preferred bidder, but I certainly had no idea it would be this big - £65m over 7 years.

This provides guaranteed long-term income going forward, along with GMAA's various other contracts won in the last 2-3 years, including the £130m 5-year O&G contract commencing soon.

Plus GMAA evidently has no problem financing the H2 investment to enable contract delivery.

Everything's looking much more healthy:
Posted at 12/1/2023 21:30 by camerongd53
can anybody explain what is going on?
Share price on Thurs has gone up over 10%. Highest price for over a year. No apparent large purchase of share purchases to justify price rise! Little volume of sales for profit taking.
Something must be going on in the background, but what?
Posted at 21/12/2022 10:39 by rivaldo
Today's trading update is relatively encouraging, being in line with management expectations and showing overall continued "solid" trading in H2 - this is perhaps an improvement on the outlook in the interims, which stated H2 margins would be impacted by inflation etc.

Unfortunately we have no way of knowing what those expectations are, since there's been no WH Ireland note for aeons AFAICS.

I suspect the share price is down due to a few sells on a bit of uncertainty over the statement on renewal of facilities. Given the low overall level of debt and the reasonable health and prospects of the business this shouldn't be a problem imo, but with maturity in January there isn't long to wait for confirmation.
Gama Aviation share price data is direct from the London Stock Exchange

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