Hangar 8 Share Discussion Threads

[insideryou] 19/3/2014 10:22

follow the lead of the ceo... Say no more... This guy loves his partying and will be selling plenty more.

[goliard] 19/3/2014 07:25

Sadly it seems like Gary is spamming threads with the same posts for some reason. Filtered.

[gary38] 19/3/2014 06:40

Topped up on the dip .Check out 'buy the dip' on utube.

[gary38] 19/3/2014 06:38

Topped up because a possible reverse candlestick pattern which yesterday was confirmed by a close above the day befores close which started with a hammer candlestick 2 days ago .Could be some good news about to come out.

[igoe104] 15/3/2014 07:14

Goliard my plan is hold for a few years and sell when the cap is over 100 million it will be easy to off-load then, (for more than a six figure profit.)

[collectivefriction] 15/3/2014 00:45

Golliard I am sure you have seen by now that the 500k "institutional" sell was followed by an increase in holding rus of 500k shares. So all seems above board on the directors sale.

[goliard] 14/3/2014 12:31

Rivaldo, in theory that is right, but I have had 3 orders fail today and only one complete for 5,000 shares at 255p. I can't even get an online quote for 1,000 shares at the moment.
EDIT: finally priced moved up and quoting again. at 1.06pm

[rivaldo] 14/3/2014 11:31

Westhouse's increased target of 310p seems more realistic to me given the long-term and recurring nature of most of HGR8's revenue now.

The only way an institution (or a number of them) were going to get hold of 500,000 shares in this company was via a sale as we've seen today. The CEO still has 29% of the company - more than enough to incentivise him going forward!

And shareholders still have the opportunity to buy at considerably less than the institutions paid yesterday.

[mach100] 14/3/2014 09:10

Well the market is taking a bit of a battering anyway so after 50% increase in 4 or 5 months and a failed merger it is unsurprising that this one is losing altitude. Great results though and definitely great value to be had when it takes off again. It is around 252p now and seems to have support at 250. If it falls through that then it is becoming great value as 280p seems the 'correct' price to me.

[goliard] 14/3/2014 08:37

PS, why couldn't the company have said in the results announcement that there was strong institutional demand for shares and Mr Dryden was therefore considering selling to satisfy that demand? At least that would have let us know what he was doing and maybe even given other shareholders the same opportunity.

Anyway, let's hope there is no more of this.

[goliard] 14/3/2014 08:34

Igoe104, exactly right. Even my purchases have moved the price, but that is what I had to do. I will have the same problem if I ever sell. If it is difficult to buy without moving the price up then that is fine. Let the institutions buy when someone want a to sell in the market, or let them push the price up with their demand. Personally I think the sale had nothing to do with institutional demand at all. I think he just wanted some money and was spending it 'in his head' because of the takeover talks that failed. No doubt the brokers were able to keep him happy with this deal.

I know I sound a bit negative, but CEOs need to be very careful not to allow themselves to be seen to be receiving special treatment.

[insideryou] 14/3/2014 08:26

I know this guy from Oxford and this was the reason why I sold out myself.I just do not trust him and when you have no trust you have emotional conflict, so my shares had to go.. He is not my cup of tea and would not lend him a tenner.

[igoe104] 14/3/2014 08:25

Problem its very difficult to pick up any decent amount on the market, the share price seems to swing 10p on every small buy or sell.

[goliard] 14/3/2014 08:22

I'm not sure I like how Mr Dryden finished the takeover talks and then still managed to offload such a large percentage of his stake at the top of the market. I guess it is better to have a market in the shares that functions better, and hopefully we will see that, but it still doesn't feel good as a shareholder. I wouldn't want to see him sell any more shares for some time, irrespective of 'institutional demand'. If the institutions want any more shares they can come into the market and bid for them the same way that we all did.

[rivaldo] 14/3/2014 08:15

DD still owns 29.32%, and HGR8 evidently has big investor interest at 260p.

It's just so volatile though! Anyway, investors can now buy in at substantially less than the institutions paid yesterday.

[igoe104] 14/3/2014 07:14

Looks like that buy yesterday was from a institution .

Hangar 8, one of Europe's largest operators of privately owned passenger jet aircraft, announces it was informed on 13 March 2013 that, following institutional demand for stock, Dustin Dryden, Chief Executive Office, sold 500,000 ordinary shares on 13 March 2014 at 260p per share. Following this disposal, Mr Dryden has an interest in 2,766,933 ordinary shares representing approximately 29.32 per cent of the issued ordinary share capital of the Company

[igoe104] 13/3/2014 13:45

Big buy this morning 500,000 shares, 1.3 million quid worth.

[igoe104] 13/3/2014 10:38

Investors are sometimes a tough bunch to please.

contracted revenues at over 83%, and a divi.

im a buyer.

[rivaldo] 12/3/2014 11:25

Someuwin, cheers re the new Westhouse target - 310p is a reasonable short-term target.

[adamb1978] 12/3/2014 11:08

Hi goliard
Thanks for the reply and yes, I do regularly contact FDs on various points. The comparison which I was referring to though was not H1 Fy14 vs H1 FY13, but H1 FY14 vs H2 FY13 - there shouldnt be any material impact from teh acquisition in teh comparison which I was looking at. Plus I was also stripping out D&A and exceptionals and on that basis there was a £400k increase in the half yeary overhead costs. Part of the increase might be due to number of bases (though not sure how many they had in H2 last yaer) but would hope that economies of scale eventually kick-in.

Only a minor quibble and less of an issue if turnover keeps increasing, but worth keeping an eye on

Adam

[goliard] 12/3/2014 10:53

Hi Adam, i think it is really important to be more than 'slightly fussy' about everything in the accounts, so it is good to see your post.

As far as I can see, they say that "Overhead costs of GBP4.223m (2012: GBP3.217m) have risen as a result of the inclusion of IJC's overheads for a full 6 months, compared to 1 month in the results to December 2012."

I also note that they have 17 operational bases across EMEA region (H1 2012: 14)

I think you have taken your figures from note 5 in the H1 accounts, but the H1 2012 in that section says £3.024m (so the increase is higher than you stated), although again, I wonder if this is explained by the comments above.

I also have a bit of a problem getting the various numbers to add up, but that is probably because I haven't spent enough time on it.

PS - back to blue again :-)

I may well do this myself too, but I strongly recommend emailing the FD for any clarification that you need. Any decent company FD will be happy to explain this in more detail.

[adamb1978] 12/3/2014 10:12

Results look reassuring, similar to what has been flagged already. Dividend is nice from a confidence perspective, rather than actual % return per se.

Being slightly fussy, I would like to see them control their central costs a bit more robustly. They blame the year on year increase on the acquisition, which is fine, but this ignores the fact that admin costs (excl. exceps and excl D&A) rose from £3.3m in H2 last year to £3.7m in H1 - that had nothing to do with the acquisition.

Full year figures appear in the bag already, so the big question for me is where can they get the top-line to in Fy15? £30m? The multiple for these guys does appear quite modest at the moment....

[someuwin] 12/3/2014 08:57

Westhouse downgrades from BUY to ADD, but increases target to 310...

12 Mar 2014
Hangar8 HGR8
Westhouse Securities
Add
Old target 270.00
New target 310.00
Downgrades.

[igoe104] 12/3/2014 08:35

Going forward it looks very positive.

Outlook - building on a strong platform

The Group has made excellent progress in the first half of the financial year. We have expanded the breadth of services we offer, and also re-balanced our fleet towards longer range aircraft, meeting the needs of the market. We continue to focus on creating a strong platform from which we can build scalable growth, as well as seeking strategic acquisitions where they match our strategy. We are taking advantage of our expertise to offer new services, such as providing maintenance training to external parties, which will provide additional sources of revenue from our existing operations.

The Group is perfectly positioned to take full advantage of the forecast growth in the global business aviation market, and we look forward to the future with excitement and confidence.