gretel
01 Mar 2017
Jefferies have a 2017 P/E of just 6.8 For the record, Jefferies' new forecasts are:last year : 32.9c EPSthis year : 36.6c EPSAt 202.5p, that's a current year P/E of just 6.8 based on 29.6p EPS at a $1.235 exchange rate.At 330p, Jefferies' target price, that would still be a P/E of only 11.1.
gretel
01 Mar 2017
Positive vibes from BBA this morning Their Signature Flight Support division performed strongly and had good results, and they also had this to say about the new JV with GMAA:"In December we completed the transaction to combine the aircraft management and charter business, acquired through the acquisition of Landmark Aviation, with Gama Aviation's US aircraft management business. The combined business, which is named Gama Aviation Signature Aircraft Management, is one of the largest aircraft management and charter businesses in the world with around 200 airplanes under management. It also offers our Signature business the opportunity to provide support in terms of its global FBO network, hangar space, line maintenance and engine support capability."The outlook for Signature also augurs well for the JV:"We completed the significant acquisition of Landmark Aviation, which materially expanded the Signature network, and made further investment in Ontic's IP protected licence portfolio. We executed the successful integration of 62 new FBOs into the Signature FBO network, delivering greater cost synergies more rapidly than originally anticipated..........As a result Signature comprises the majority of the Group and has a global network of over 200 FBOs that can meet more of the needs of our customers at most of the locations they want to fly to. This enhances and extends our opportunity for continued market outperformance."
gretel
28 Feb 2017
Consensus P/E is only 7.1 Consensus forecasts are historic 24.61p EPS and 27.1p EPS for this year:2016 2017 Date Rec Pre-tax (£
EPS (p) DPS (p) Pre-tax (£ EPS (p) DPS (p) W H Ireland 10-02-17 BUY 11.96 24.51 2.99 13.71 27.25 2.99 Cantor Fitzgerald 13-01-17 BUY 10.65 24.73 2.60 12.37 26.94 2.70 That's a current year P/E of just 7.1.It's easy to see at least 50% upside from here to a P/E of say 10.6.
gretel
06 Feb 2017
Jeffereis initiates:Buy with 330p target Jefferies today initiates coveage and says Buy with a 330p price target.....[link]
gretel
31 Jan 2017
RNS : new contract win Great new win announced today - note in particular also the CEO's comment about the "strong start to the year" for the European ground operations:[link] signs European maintenance agreement with Gama Aviation.Farnborough, 31st January 2017. Gama Aviation Plc's (AIM:GMAA), European Ground division is pleased to announce the signature of a Europe-wide maintenance agreement with WIJET, which recently acquired Blink.""The contract award comes at a time of growth for Gama Aviation's Oxford base""Marwan Khalek, Group Chief Executive, Gama Aviation Plc comments: "Following the National Police Air Service ("NPAS" contract win, the European Ground business has continued its strong start to the year. This deal demonstrates the scale, breadth and depth of our Ground offer; its benefit to clients who value mission critical support and our ability to grow our business organically worldwide."
gretel
30 Jan 2017
WH Ireland's forecasts Good to see the upwards momentum continuing even with the overall markets down. WH Ireland reiterated their forecasts last week as follows: - last year : 24.51p EPS, 2.99p divi - this year : 27.25p EPS, 2.99p diviAt 188.5p GMAA remains extremely cheap imho now that our seller is finally out of the way.
San Jaime
27 Jan 2017
Re: Surging upwards again today Gretel, like you have kept the faith here and did not decide to get off the flight...Yes GMAA is looking good. Managed to average down in the big sell off, such that now this line in the portfolio is now showing blue again. (A little compensation for the recent BT hit). Still climbing to cruising height so expect to reach 250 - 300 this year once given clearance and we don't hit any clear air turbulence. Keeping the seat belts loosely coupled,just in case.....
gretel
27 Jan 2017
Surging upwards again today Looking good - surging on small volumes, so presumably not much stock around.
gretel
19 Jan 2017
Great partnership just announced GMAA is just hugely undervalued imho. And today brings more good news:[link] Aviation Hutchison commences long-term business aviation maintenance collaboration with China Aircraft Services Limited.Hong Kong, 19th January 2017. Gama Aviation Plc's (AIM:GMAA), joint venture1 with the CK Hutchison Group is pleased to announce it has commenced a long-term business jet maintenance co-operation agreement with China Aircraft Services Limited ("CASL", the Hong Kong International Airport based maintenance provider. The collaboration combines Gama Aviation's business jet maintenance expertise, knowhow and network with CASL's substantial infrastructure and established maintenance base at Hong Kong International Airport. Under the collaboration agreement, Gama Aviation Hutchison as the General Sales Agent (GSA) will work together with CASL to provide a full range of business jet maintenance services including line, base maintenance and AOG support. These services will be progressively introduced during the course of 2017 to support resident and transitory aircraft at the airport.Marwan Khalek, Group Chief Executive, Gama Aviation Plc commented: "We are delighted to partner with CASL on this exciting opportunity. This collaboration delivers a strong and long-term maintenance proposition at this strategically important aviation hub. As with those made earlier in the month, this announcement is another tangible example of our ability to create sustainable platforms for organic growth worldwide."
gretel
16 Jan 2017
Re: Cantor increase target price to 230p Hi midcapper. I don't know whether they have a tangible market effect. However, they do act as markers for investors. If there are a number of brokers with targets much higher than the current share price then this should at the least act as an interesting statistic for investors to investigate.In GMAA's case Cantor now go for 230p whereas WH Ireland go for 340p. It's up to the individual as to which is more reasonable. But in either case there is substantial upside from here, especially given the current P/E of only 5 or so.Many small PIs dismiss analysts' research and price targets out of hand, which imo is ridiculous. If you have access to a decent analyst note it pulls together all the facts about the company in one place, often with insights gained directly from the company which PIs simply would not gain access to in any other way.The share price has moved up again today and looks to be breaking upwards.
midcapper
13 Jan 2017
Re: Cantor increase target price to 230p Hi GretelDo you really feel that broker price targets have any tangible market effect? This is a serious question, by the way.
gretel
13 Jan 2017
Cantor increase target price to 230p Cantor Fitzgerald today reiterates 'BUY' and increases target price from 200p to 230p.230p would be a start, but that's still very much a single-figure P/E. Cantor themselves go for 28.98p historic EPS and 30.91p EPS for this year...WH Ireland's 340p target price is much more on the button imho:[link]
gretel
10 Jan 2017
Early tick up today Good to see a move up already today after some early buying. There's still a lot of upside to WH Ireland's 340p target price.At the least, the current year P/E of 5.7 based on 30.05p EPS consensus for 2017 is just far too low for a global leader in its sector.
gretel
09 Jan 2017
Cabtor upgrade to Buy Up nicely today, but plenty more to come imho. Cantor have upgraded to a Buy today (from Hold). Their target price is a conservative 200p, but this will likely be increased after the results in March.Meanwhile WH Ireland have a much more realistic 340p price target imo - double the current share price, yet still reasonable given the forecast 29p EPS this year and a sound Balance Sheet, with more acquisitions in the pipeline.Some detail from Cantor re today's upgrade:Http ://www.proactiveinvestors.co.uk/companies/news/171332/gama-aviation-upgraded-after-bullish-trading-update-171332.html"Gama Aviation upgraded after bullish trading update12
4 09 Jan 2017 Cantor upgraded to ‘buy’ from ‘hold’ as Gama said revenue growth was more than 10% higher Gama Aviation PLC (LON:GMAA) took off on an upgrade from Cantor Fitzgerald as the aircraft maintenance and management group reported good revenue growth in the year just ended.Cantor upgraded to ‘buy’ from ‘hold’ as Gama said revenue growth was more than 10% higher year on year on a constant currency basis, driven by a 12% increase in aircraft under management and an improving European business.Growth was primarily organic and weighted towards the second half with the US Air business seeing revenue growth of over 20% and US ground up over 10% with three new maintenance bases added.The bullish update follows on from last week’s joint venture agreement in the US with BBA Aviation (LON:BBA).That deal will involve 200 aircraft and create a market leading platform for maintenance and aircraft management services, according to Cantor.On a 2017 earnings multiple of just 5, the shares trade at a significant discount to its business aviation peers, said the broker which has a 200p price target."
gretel
09 Jan 2017
Two excellent RNS's today GMAA are crazily cheap imo given we now know they'll achieve around 27p historic EPS, with almost 29p EPS forecast this year:[link] we have two long-term contract wins worth over £10M:[link] is a world leader in its sector. It has a sound Balance Sheet. The dominant American market should continue to thrive under Trump. It really should be trading at nearer 300p than the current 150p or so.
