gretel
19 Jan 2018
Confident trading update today A good year end update in terms of trading - nicely in line with 24.6p EPS expectations, good cash conversion and lower net debt, and confidence looking forward to 2018:[link] somewhat by the exceptionals relating to Dryden and his "affiliated entities". It's striking that GMAA feel confident enough to be able to state they expect to receive net cash inflows from all this.The bullish outlook statement gives reassurance to the almost 27p EPS expected this year.
gretel
05 Jan 2018
Two impressive Board appointments Very impressive new NED appointment today - should improve City confidence here given RS' record in founding and building Synergy Health PLC. And the new director/COO is also very solid as a former COO of Detica, which was sold for £500m to BAE:[link]
gretel
03 Jan 2018
Trading update due very soon GMAA are due to announce their year end trading update very soon if the last couple of years are anything to go by.Last year's update was on 9th January. I'm hopeful this year's will be good given the outlook in September's interims.The latest forecast is historic 24.61p EPS for last year, rising to 26.92p EPS this year.A P/E of 8.8 and a confirmed positive outlook in the next couple of weeks would help the market notice the potential upside of anywhere from 30%-100% from here:"Marwan Khalek, Chief Executive of Gama Aviation said: "The first half of 2017 has seen the Group maintain the positive momentum generated through last year to deliver a good performance in line with our expectations. In all divisions and all regions we achieved strong revenue growth and encouraging improved margin performance. The integration of the BBA aircraft management business into the US Air division is progressing well and benefiting from a buoyant US market. The 2016 acquisitions of Aviation Beauport and FlyerTech, in Europe Ground and Europe Air respectively, are performing above expectations. Gama Aviation is well positioned to continue to benefit from the opportunities that this highly fragmented market presents. Based on our performance to date and contract visibility, the Board is confident that the Group will meet its full year expectations."
Biggesthousebubbleever
02 Dec 2017
Re: Tax change in USA to benefit GMAA? - new article in independent The economics of a tax cut is it goes to the seller not the buyer. So cut to stamp duty famously raises price of houses.Seems like they got the tax cut for maintenance services on jets so good news for gama profitability:[link]
HoleInTheWall
22 Nov 2017
Re: Tax change in USA to benefit GMAA? Hi, might have read that wrong but isn't that tax paid by the customer? So how would GMMA benefit? You thinking if taxes are reduced there's room for GMMA to increase their rate? My take take on the recent price action was it appeared to be a tree shaking exercise, annoyingly couldn't buyany more as already fully loaded and waiting for take off!
gretel
22 Nov 2017
Tax change in USA to benefit GMAA? Today's Budget has a provision for "an increase on taxes for private jets", whatever that is. Looks fairly unexciting - particularly for those who can afford to use private jets 
))On the other hand, in researching the Budget I just came across this from the last few days which may equally well give GMAA's operations in the USA a very nice boost indeed.I wonder if this has partly caused the recent share price rise?[link] blast GOP plan’s tax break on private jets David Sherfinski - The Washington Times - Sunday, November 19, 2017 Republicans billed their tax overhaul as a way to clear out special loopholes from the bloated tax code — but the bill that will hit the Senate floor after Thanksgiving actually adds a host of new breaks on everything from private jet operators to citrus farmers.The jet plan, which would exempt private airplane maintenance payments from a transportation excise tax, has quickly become emblematic of the GOP’s bill in online forums, with opponents saying it shows the plan is skewed toward the wealthy who can afford to use such planes.The aviation industry says that’s a misunderstanding, and said the provision is intended to make sure private plane managers don’t pay a 7.5 percent “ticket tax” applied to commercial flights.“Tax reform legislation has a long way to go, but this is an important step and small aviation businesses are appreciative of the inclusion of this provision, which provides them the tax certainty they have long sought,” said Martin H. Hiller, president of the National Air Transportation Association."
gretel
22 Nov 2017
Moving back up again WH Ireland forecast 25.61p EPS this year rising to 28.02p EPS next year (plus dividends).Much too cheap imho on a single-figure P/E..
gretel
14 Nov 2017
Good results from partner BBA Just noticed GMAA's JV partner BBA issued a good trading statement this morning - most relevantly, their Signature division is trading very well, which bodes well for GMAA:[link] Group's trading performance remains in line with expectations, with revenue up 10.2% year-on year for the ten months to October, reflecting good organic growth in Signature and the contribution from acquisitions.In Flight Support, Signature revenues in the ten months to 31 October grew 14.2% and on a like-for-like basis (organic, constant currency, adjusting for higher fuel prices) were up 3.8%. US B&GA flight movements have grown 3.7% over the nine months to 30 September, with improved growth of 4.3% for the three months ended 30 September. Signature like-for-like revenue growth for the same three month period ended 30 September was 5.3%. The Signature outperformance during the three months ended 30 September in part reflects good progress with our commercial renegotiations for the enlarged network. The recent hurricanes: Harvey, Irma and Maria, caused minimal impact overall across the Signature network and we were able to re-establish services quickly and provide support for the rescue and relief efforts. Signature has recently signed a Signature Select licence agreement with Fly Across at Toluca International airport in Mexico, our first location in Mexico and the closest B&GA airport to Mexico City. This increases the Group's affiliate FBO programme, Signature Select, to 19 locations........Wayne Edmunds, BBA Aviation Interim CEO commented "The Group has traded in line with expectations during the period. We are particularly pleased with Signature's performance since the half year, which in part reflects the positive customer response to our enlarged network proposition."
gretel
13 Nov 2017
New recent highs today - and good news New recent highs now.And news that GMAA's Chinese/Asian business jet maintenance collaboration is now fully operational:[link] Aviation’s Hong Kong business jet maintenance collaboration with China Aircraft Services Ltd. (CASL) opens with fixed price base maintenance packages*In a formal opening ceremony today, 09 November, 2017, Gama Aviation Hutchison (Hong Kong), is pleased to announce the start of its General Sales Agent (GSA) collaboration with China Aircraft Services Ltd’s (CASL) for business jet maintenance services.The collaboration, of which Gama Aviation has the exclusive permission to sell CASL’s business jet maintenance capability in Asia, has already achieved FAA and Cayman approvals for the Gulfstream G350/450, G500/G550 and G650/650ER types and the Bombardier Global BD-700 series, the primary types operated in the region. Approvals for Bermudan and HK CAD are imminent.Angus Cheung, Chief Executive Officer of China Aircraft Services Limited commented:“This is a historic year for CASL as we build further capability from our strong commercial aviation maintenance platform. Our collaboration is the perfect blend of maintenance expertise, operational know-how and type knowledge. We’re very excited to end the year in such a strong position, with a relevant and compelling offer to business jet owners in the region.”Marwan Khalek, Chief Executive Officer of Gama Aviation Plc commented:“Today marks a new era for Gama Aviation in the region. We could not want for better partners in CASL and I fully believe we have the means to deliver a game changing proposition. For many owners and crews, the inconvenience, cost and unnecessary engine and airframe hours of flying to alternate service facilities has ended. Hong Kong now has the capability and we are proud to represent, through our unique collaboration.”Gama Aviation is now taking bookings for base maintenance (up to and including 3C / 24 month inputs for the Gulfstream G350/450, G500/G550 and G650/650ER types and the Bombardier Global BD-700 series). Coverage is also provided for AOG regional call outs, battery services and cleaning."
gretel
09 Nov 2017
Re: Questor - D. Telegraph. Here's the part of the Telegraph's tip visible to non-subscribers - if anyone's got the rest that would be great.I do like the “Obscenely cheap” comment ))[link] there’s plenty of scope for this aviation firm’s undervalued shares to soarRichard Evans8 November 2017 • 62am“Obscenely cheap.” This is how one fund manager described the share price of one of his holdings when he started to build a stake last year.At that time, shares in the company concerned, Gama Aviation, were trading at only about five times earnings. True, they have rallied since then but even now they are rated at only about seven times expected profits for 2018 – very much the kind of bargain-basement price that attracts Questor’s eye.Better still, Gama is a fast-growing, cash-generative business, which operates in a sector that is both rapidly consolidating and relatively immune from attack by new entrants, said Nick Hawthorn of Downing, which owns about 6pc of the Aim-listed company in various portfolios.Gama’s operations are divided into two parts: “air operations”, which provides services such as fuel, crew and food for private aircraft owned by firms, governments and individuals;..."
donna blitzen
08 Nov 2017
Questor - D. Telegraph. The Questor column today has given Gama's shares a strong boost - almost certainly the main reason why the sp has risen so strongly.
cosmos
08 Nov 2017
There is a Buy tip in today's Questor column in The Telegraph. Questor seems to have a decent following among private small cap investors, perhaps not surprising given the paper's socio-economic demographic. I don't own Gama but do own Murgitroyd in which we experienced a similar pop after Questor tipped
sharegardener
08 Nov 2017
Re: Jefferies: Buy with 330p target well something has triggered a buying spree today! Wild movements in SP on fairly small volumes in the last 2 weeks
gretel
08 Nov 2017
Jefferies: Buy with 330p target Jefferies have this morning reiterated their Buy and 330p target price:[link]
sharegardener
07 Nov 2017
Re: Drop of 8%+ today Perhaps indirectly linked to Mohammed Bin Salman the Saudi Crown Prince rounding up various opponents and closing the airport to prevent their private jets moving. Possible wider repercussions around the middle east and knock on effects on private jet activities. Also, Lewis Hamilton got a VAT refund on his private jet by landing it in the Isle of Man.SG
