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| Share Name | Share Symbol | Market | Stock Type |
|---|---|---|---|
| Hangar 8 | HGR8 | London | Ordinary Share |
| Price Change | Price Change % | Share Price | Last Trade
|
|
|---|---|---|---|---|
| 0.00 | 0.00% | 314.00 | 01:00:00 |
| Open Price | Low Price | High Price | Close Price | Previous Close |
|---|---|---|---|---|
| 314.00 | 314.00 |
| Top Posts |
|---|
Posted at 02/1/2015 19:32 by adamb1978 Hello allI held HGR8 in both my SIPP and ISA however sold out over the last couple weeks having had the time to run the figures on teh Gama acquisition. The main reason for selling was simply that I believe the Jun-15 results will show a year on year EPS decrease - I have EPS coming in somewhere around 20p. As a result I took the view that in all probability I would be able to buy back in later in 2015 at a lower price, and am looking for somewhere around 280p to buy back in. The main reason for the decreasing EPS is that the deal was struck at the same EBITDA multiple however with the greater depreciation charge of Gama, EPS declines. There should be material synergies however as these will barely impact 2015, they cant compensate for the above impact. I need to refine further the 2016 bounce back from what synergies might be likely but currently think they could take EPS back to somewhere in the 22p-25p range. I might be wrong of course however I bought in in the low 200s and felt that HGR8 trading at 17x current year (at 340p) based on my updated figures would get hammered if the put out 2015 figures showing decreasing EPS. All the best for those who hold. I might be back in in the next 6-12 months! Cheers Adam |
Posted at 31/12/2014 07:27 by rivaldo A positive article from another web site, if a little odd in not mentioning the GAMA merger at all....happy new year to all HGR8'ers - 2015 should be another good one:Http: //www.stockopedia.co "GuruScreens - upgrades and downgrades - December 30th: AHT; HGR8. Tuesday, Dec 30 2014 by Alex Naamani 0 comments Hangar's maiden dividend Hangar 8 is one of Europe's largest operators of privately owned passenger jet aircraft. It qualified for the Jim Slater Zulu Screen towards the end of November, with a ROCE of 19% and a PEG ratio of 0.4. Indeed, earnings grew by 83% in 2013 and 14% in 2014. Furthermore, earnings are expected to grow by another 70% over the next twelve months. This growth has been supported by demand for long-range jets. To reflect this change in market demand, Hangar 8 has been changing the mix of its fleet in order to offer a wider range of intercontinental business air travel. Hangar 8's growth has also been supported by acquisitions. The company gained 100% ownership of Oasis Flight Malta Limited this year, which provided an additional Air Operators Certificate and enhanced Hangar's foothold across Europe. The management team are optimistic about the company's future performance and have therefore recommended paying out a maiden dividend of 2.3p per share for the financial year ending 30 June 2014. This dividend can only be paid if the shareholders approved it at the company's Annual General Meeting of the Company - which will take place on Monday 5th January, 2015 - so keep you eyes peeled." |
Posted at 18/12/2014 08:03 by igoe104 Hangar 8 PLC To Go Ex-Dividend on December 18th (HGR8)Hangar 8 PLC logoHangar 8 PLC (LON:HGR8) declared a dividend on Friday, November 7th, Analyst Ratings Net reports. Shareholders of record on Thursday, December 18th will be given a dividend of GBX 2.30 ($0.04) per share on Monday, January 19th. This represents a yield of 0.74%. The ex-dividend date of this dividend is Thursday, December 18th. The official announcement can be accessed at this link. Several analysts have recently commented on the stock. Analysts at Cantor Fitzgerald Europe reiterated a “buy” rating on shares of Hangar 8 PLC in a research note on Monday, December 8th. They now have a GBX 400 ($6.29) price target on the stock. Shares of Hangar 8 PLC (LON:HGR8) opened at 335.00 on Wednesday. Hangar 8 PLC has a 52 week low of GBX 210.00 and a 52 week high of GBX 375.00. The stock’s 50-day moving average is GBX 324.0 and its 200-day moving average is GBX 287.3. Hangar 8 plc (LON:HGR8) is a managers and operators of privately owned passenger jet aircraft |
Posted at 09/12/2014 14:12 by rivaldo As the RNS says, this is a "gamechanger" for HGR8 and the industry. It's a chance for UK institutional investors in a new sector global leader.GAMA certainly has room for improvement. GAMA made $2.2m EBITDA on $80.4m turnover in H1'14, whereas HGR8 made $4.3m EBITDA on $105.6m turnover. The difference is stark. I like the sound of GAMA exiting their owned planes by H1'15's close, which should be a nice cash injection and will reduce risk. In particular, the merged group have "a high quality, visible earnings stream with 80% of gross margin contracted", and there are also noises about further acquisitions. In addition, the increased scale should drive down costs and increase opportunities. |
Posted at 09/12/2014 07:49 by rivaldo Hi penpont, not yet, but the broker's quick reiterating of their 400p target price is meaningful imo.A quick read of the numbers yesterday suggested that current year numbers for GAMA produce roughly similar margins to HGR8, so I'm hopeful that with the synergies the combined entity will be earnings-enhancing. I'll look in more detail today. Above all, as this article suggests, the merger will make HGR8 "one of the five leading operators in business aviation worldwide". This is now a serious player and will be a draw for institutional investment. Since HGR8 was already pretty good value given EPS forecasts and the cash pile, I expect the share price to do well from here: "Hangar 8 and Gama Aviation to merge and become one of the world's top 5Posted 9 December 2014 · Add CommentTwo leading British business aviation companies with interests in the Middle East and Africa, Hangar 8 and Gama Aviation, are to merge. The new company, to be called Gama Aviation plc, will have a market capitalisation of £120 million (about $188 million) and make it one of the five leading operators in business aviation worldwide. The merged company will manage 144 aircraft and operate from 44 different locations in 15 countries across five continents. It will have a strong presence in North America, the UK, continental Europe, Africa, Middle East and Asia as well as South America. It will offer a comprehensive service, operating and supporting aircraft from all major manufacturers and all classes of private jet aircraft. Dustin Dryden, Chief Executive of Hangar8 said: "Hangar8 has achieved much in its short history but, in our highly regulated industry, success at all levels is now entirely driven by scale. Today our clients, many with ultra-long range aircraft, require their premier suppliers to be truly global too with the ability to supply a full range of private aviation services across the globe" etc" |
Posted at 28/11/2014 08:34 by rivaldo The oil price continues to fall dramatically. This has to be great news for HGR8.The re-rating here, especially bearing in kind the increasingly long-term and secure nature of HGR8's income, should continue imho. Especially if there are further acquisitions from HGR8's cash pile. |
Posted at 12/11/2014 12:11 by rivaldo With 49p per share in cash, HGR8 looks even better value - that's 281p against the 30p EPS current year forecast, a P/E of only 9.4,News just out - HGR8 to start transporting ebola patients....pretty lucrative I'd have thought: "City jet operator set to carry patients First published 3 hours ago KIDLINGTON-based private jet operator, Hangar8, has equipped a plane to specifically transport Ebola patients in Africa. The Bombardier Challenger long-range aircraft will fly out to Sierra Leone tomorrow to carry medical supplies from the company’s base at Oxford Airport, Kidlington. The plane, which is owned by an aircraft leasing company, was delivered two weeks ago. Hangar8 chief executive and founder, Dustin Dryden, said: “We have an aeromedical division in Africa. Moving critical patients is something we’ve been doing for a long time.” Although the plane can carry up to two Ebola patients at once, it will start with a single patient. While many private jet operators only carry the patients, Hangar8 also supplies a doctor and paramedic to travel with them. Mr Dryden said: “We are the first port of medical care.” The plane will be used to carry Ebola patients within Africa, or to repatriate workers to European hospitals for treatment. Mr Dryden said multi-national companies had a legal duty of care to protect their staff against diseases such as Ebola. . In addition, having a plane equipped to fly them back home provided a sense of reassurance, even if it was not used by their staff, he added." |
Posted at 11/11/2014 16:41 by gargleblaster Good call pastybap -here's TommoShares in Aim-traded Hangar 8 (HGR8: 325p), one of Europe's largest operators of privately owned jet aircraft, have been firmly in the ascent since I recommended buying at 225p ('Ready for take-off', 12 May 2014). In fact, they have smashed through my upgraded target price of 300p ('Profit from an earning lift off', 2 July 2014) and hit an all-time high of 375p ahead of a bumper set of full-year results at the end of last week. The share price advance is certainly warranted by the company's operational performance: adjusted pre-tax profits of £2.6m and EPS of 22p for the 12 months to end June 2014 represented a near-30 per cent profit uplift on the previous financial year. And with cash generation strong - operating cash flow pre-working capital movements jumped almost £400,000 to £2.3m - this lifted net funds up by a fifth to £4.6m, or the equivalent of 49p a share. Strip that sum out from Hangar 8's current share price of 328p, and the shares are being rated on an historic cash-adjusted PE ratio of 12.7. That's hardly a punchy rating for a company that is clearly benefiting from a strong tailwind. It is also one that will be paying out a maiden dividend of 2.3p a share in January. The focus on heavy jets certainly looks a smart move as this reduces reliance on the more volatile, spot charter business and focuses the business on the more lucrative and faster growing intercontinental business air travel market. The Oxford-based company now has 47 planes under management, of which 27 are long-range heavy aircraft. Operating from 17 bases across Europe, the Middle East and Africa, Hangar 8 offers customers 12 different types of aircraft, including 15 super heavy jets (greater than 20 tonnes) that can fly up to 9,000km without the need for refuelling. And given Hangar 8's customers generally sign up for contracts of between one and five years, this improves the quality of the company's revenue stream. In fact, contracted gross margin of £7.8m in the financial year just ended represented 87 per cent of the total. Analyst estimates are now under review, but it's only reasonable to expect another year of decent progress. Also, small-cap income funds will now be able to buy into this growth story with a dividend on the way to add further support. So trading on a four point discount to the support services average of 17 times earnings, I would run your bumper profits. Hold. |
Posted at 06/11/2014 07:17 by rivaldo Terrific results today:- 22p EPS beats forecasts by 10% - maiden £2.3p dividend - £4.6m cash pile - more acquisitions likely - "positive outlook" and "confidence" for this year In particular, they state that spot charter rates are improving - this is a big benefit to HGR8 (see earlier posts). The 30p EPS forecast for this year looks good, and the huge reduction in fuel costs since the year end will help HGR8 hugely. Plus the long-term nature of much of their work now will be attractive to the City. |
Posted at 05/10/2014 08:01 by rivaldo As well as the above, there are further reasons to be positive about HGR8:- the oil price has collapsed over the last couple of months. Fuel costs are just about the largest cost for any aeroplane, so this should greatly benefit HGR8 - it's been said before that a small increase in charter hours per aircraft per month would make a big difference to HGR8's profits, particularly as the costs of servicing charter are very low. There are a number of recent articles suggesting that the nascent recovery in the charter market is gathering momentum, for example here: - the recent strikes at Air France and Lufthansa may also have helped HGR8 to a smaller extent |
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