Hangar 8 Share Discussion Threads

[old tyke] 22/7/2014 21:59

Very cheesy if you ask me. A good use of shareholders' funds?

[igoe104] 21/7/2014 20:11

Nice touch.

[rivaldo] 18/7/2014 06:33

Here's a link to the new 30p EPS forecast for this year FYI:

[rivaldo] 17/7/2014 12:38

The broker forecast for the current year to 30/6/15 has now been increased to 30p EPS, up from 26.3p EPS two weeks ago, with 20p EPS forecast for the year just ended.

A reasonable multiple of only 12 would give a 360p share price on 30p EPS.

A more ambitious multiple given the growth here would see the share price at 450p-500p.

And that's without taking into account the cash pile.

[igoe104] 08/7/2014 13:16

Its no surprise rivaldo, things look very positive going forward.

[rivaldo] 08/7/2014 12:39

New highs now.

[rivaldo] 08/7/2014 07:31

Very positive new article, with the CEO saying ""We have had a superb couple of months".....



"Successful start to 2014 for Hangar 8 sees latest Global 6000 arrive with 5000 to follow
July 3, 2014:

Hangar 8 has taken delivery of a further Global 6000, and is also set to receive a Global 5000 this month. The operator, headquartered at Oxford airport in the UK, has found that its clients trust its experience in managing long range Bombardier jets. Says ceo Dustin Dryden: "A large proportion of what we deal with is heavy metal, so by de facto they tend to be long range. We tend to like that marketplace more than the lighter jets because there is more infrastructure and the customers are happier to pay more sensible fees for it.

"It is certainly easier to make a buck out of it, and the longevity of the customer tends to be more solid. I think it is reasonable to say we are focused on larger aircraft, but I think everyone else is inherently too, it is just a case of whether you can get them or not!"

Hangar 8 does not own any aircraft; its entire fleet is managed. In addition to customers trusting its ability to manage Bombardier, Dryden also highlights a significant number of Gulfstream and Boeing aircraft that feature in the fleet. Despite 'buoyant' Global deliveries, he believes that the Gulfstream product sits comfortably at the top of the market. "The G650 is by far the leading aircraft in the marketplace, because it is the most advanced, it is the fastest, and it is simply the ultimate jet out there at the moment, without a shadow of a doubt.

"I don't think there is any aircraft out there that can compete with it right now. If you are looking at price range, a G650 is going for $75-80m, yet people are certainly willing to pay this, given the quality of the aircraft.

"However, many people are buying Global 6000s at the moment too. You get a much bigger cabin and it is capable of the same range. Both jets have excellent takeoff and landing performance, and I think a lot of people feel that the price differential between a new 550 and a new 650 is not that great. Getting a 650 remains an exciting prospect."

Dryden's customers enjoy the space on offer in the Global, which he says beats the 'narrow tube' of the 550. The company operates four 550s and a 450, along with its ten Global Express. "It's just the roll of the dice at the moment," he continues. "I think Bombardier has done very well marketing its product, particularly in Africa."

Flight hours for Hangar 8 increased by almost 1,000 last year, and it has been making inroads with its associate companies, including International JetClub, which Dryden likens to a 'private bank' with top end clientele, wide body jets and an exceptionally personalised service. Hangar 8 Aviation continues to conduct oil and gas ops and manage aircraft. In South Africa it also has Hangar 8 Aero Medical, which operates a Learjet, a King Air and a Challenger from Johannesburg and repatriates on the African continent.

"We have had a superb couple of months," adds Dryden. "It will be interesting to see how the economy stays with us. Last month we had the busiest charter month in seven years, so that has been significant. We have taken a lot of deliveries of new aircraft in the last few months, so that's been good. I think the challenge will be to see whether the economy can continue to support it.

"Lots of people are keen that it is growing very well; we are just hoping that it is not a small bubble that is going to burst very quickly. I don't think that if it did it would affect our business particularly."

Charter is not a core business for him, but he tells EBAN that when it occurs, it is a bonus. "When it turns up on your doorstep it is great for the business. Most of our revenue is contracted and long term, so we are not particularly in the spot charter business. But when it is out there and busy, it is obviously good for us."

Hangar 8 has just launched its paint shop and is engaged in painting a Challenger, as well as performing a full interior refurbishment. "We will be using it for refurbishment of our own fleet and also the aircraft of external parties.

"This is based at Oxford. We are opening another maintenance base at our Nice hangar, which will be the only maintenance base there. It is one of the busiest corporate jet airports in the world, and to be able to offer support there, in our own facility, should be very good for us.""

[igoe104] 07/7/2014 12:51

I can only see alot more in the tank judging by the last statement.
im certainly holding onto my shares.

[rivaldo] 07/7/2014 10:37

Approaching the highs again.

Adam, why not just phone or e-mail them and ask?

[adamb1978] 05/7/2014 14:06

Can anyone help me the CFO's email address? Have tried to guess it a couple times but without success
Thanks

[adamb1978] 05/7/2014 14:05

Can anyone help me the CFO's email address? Have tried to guess it a couple times but without success
Thanks

[rivaldo] 04/7/2014 11:40

I've just noticed that the forecast for the current year to 30/6/15 is now 26.3p EPS. And that's before any upgrades after this week's trading statement.

If you take the cash pile into account, HGR8 must almost be on a single-figure P/E.

Enough said.

[rivaldo] 03/7/2014 08:09

RNS out - good to see more director buying (Adam, don't have the EBITDA figure, sorry):



"Hangar8, one of Europe's largest operators of privately owned passenger jet aircraft, announces it was informed on 2 July 2014 that, on that date, Dustin Dryden, Chief Executive Officer, purchased 2,000 ordinary shares in the Company at an average price of 280p per share. In addition, George Rolls, Non-Executive Director, informed the Company on 2 July 2014 that, on that date, he purchased 2,706 ordinary shares in the Company at an average price of 267.4p per share.

Following these purchases, Mr Dryden has an interest in 2,848,933 ordinary shares representing approximately 29.90 per cent of the issued ordinary share capital of the Company and Mr Rolls has an interest in 102,271 ordinary shares representing approximately 1.07 per cent of the issued ordinary share capital of the Company."

[adamb1978] 02/7/2014 20:01

Anyone know what the market EBITDA forecast for 2014 was? The TS obviously said 'ahead of management expectations' - I saw that EPS forcast was 21.06p so can back it out using some assumptions, just wondered whether anyone had the EBITDA figure. This is nice and cheap regardless

[penpont] 02/7/2014 13:09

He's done just that today...!

[rivaldo] 02/7/2014 09:08

Amazing - I can't see any press coverage at all today. HGR8 remains under the radar (geddit...).

At least the IC covered it yesterday, however briefly - it has been an ST tip, so hopefully he'll write it up again:



"Simon Thompson recommendationHangar8 (HGR8) reports an 'excellent' year to June with a strong increase in earnings bringing them in ahead of management expectations. The company has confirmed its intention to pay out a 2.3p a share maiden dividend for the year."

[rivaldo] 01/7/2014 10:55

Both Canaccord and Westhouse have reiterated identical 310p price targets this morning.

I suspect that when the results come out both will be upgrading/increasing.

[rafieh] 01/7/2014 10:54

igoe104,

Naked Trader no doubt has some followers who just shadow him in out of stocks. (Many years ago I used to be one of them, and hardly made any money by doing so). Once they leave HGR8, it will resume the upward movement towards £3 and beyond.

[igoe104] 01/7/2014 09:27

You can only see these pushing past £3 now, especially when the write ups start hitting the tips sheets/magazines.
Naked trader sold some of his Acm and they started shooting up not long after..... and now hes done the same with hgr8.

[rivaldo] 01/7/2014 08:48

The market to date has missed the point that most of HGR8's revenues now are from long-term revenue streams and not so subject to short-term fluctuation.

Once the market grasps this point, there could be quite a large re-rating.

If forecasts for the current year to 30/6/15 are increased from 26.3p to say 29p-30p EPS, a P/E of say 15 would see HGR8 at 450p.

And there's also the growing cash pile which could be used for more acquisitions.

Plus the maiden dividend will attract more institutional interest.

[goliard] 01/7/2014 07:55

Looks like we will open at 280p and then hopefully see 300p pretty quickly after that.

I particularly like the fact the company is saying that last year's results will be excellent and this year is already ahead of that. And a maiden dividend too.

[rivaldo] 01/7/2014 07:12

Yep, fantastic RNS - ahead of expectations :o)) As you say, 300p in a trice.....



"The Company has enjoyed an excellent year, with significant organic growth, that has delivered a strong increase in EBITDA ahead of management's expectations"

And the outlook couldn't be much better:

""As we now move into a new financial year, the improving economy is already feeding through into our marketplace with higher activity across our business streams. The outlook for our business is strong and we enter the year with confidence.""

[goliard] 01/7/2014 07:06

Trading statement out and couldn't be much better. You don't see many like that! 300p looks very easy now, but I won't be selling!

[rafieh] 30/6/2014 14:48

Just jumped on board, with a modest target of £3.