gretel
18 Sep 2017
Buying opportunity imho What an absurd markdown today. The m/cap has fallen by £9m on the basis per today's RNS of claims for only £6.1m, for which GMAA and their advisers deemed it prudent to provide precisely....NIL. Presumably the claims by the ex-director Dryden are seen as frivolous to say the least.GMAA had an excellent H1'17, as evidenced by the rise in the share price since they were published. This despite the claims which were first made between Nov'16 and Feb'17.It seems that GMAA were able to operate extremely well without this being any kind of distraction. Given the bullish outlook, I suspect this will continue to be the case, especially judging by the tone of today's RNS.I seem to remember Dryden had a rather dodgy reputation. This simply seems like a minor spat - GMAA are only after £432k from Dryden, so for him to counterclaim for a lot more indicates he's simply trying it on and is bitter after falling out with GMAA'a management post-merger and losing his position in the enlarged group.
gretel
12 Sep 2017
New recent highs today Fine start today after a great finish yesterday. New recent highs now, but still lots to go for imo.
gretel
07 Sep 2017
New Buy tip on Motley Fool [link] plc isn’t the only growth giant that could fund your retirementRoyston Wild | Wednesday, 6th September, 2017 I have long sung the praises of household goods leviathan Unilever (LSE: ULVR), its rich history of generating strong earnings growth, whatever the weather, making it one of the ultimate ‘peace of mind’ shares out there.But the Marmite maker and Persil producer isn’t the only stock that could deliver stonking returns long into the future. Indeed, Gama Aviation (LSE: GMAA) is another share I reckon you might be able to retire on.Plane brillianceThe business aviation service provider has been a stellar performer in the year to date, its share price gaining 82% since the beginning of 2017 and soaring to 16-month highs above 250p just today, following the release of half-year numbers.The Farnborough-based company advised that revenues detonated 45% between January and June, to $291m, a result that powered underlying pre-tax profit 40% higher to $7m.Chief executive Marwan Khalek 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 company saw US Air revenue rise 74% in the six-month period, and it advised that “the integration of the BBA aircraft management business into the US Air division is progressing well and benefitting from a buoyant US market.”Gama merged its aircraft management and charter business in the US with that of BBA Aviation back in January to create the country’s biggest aircraft management firm, a move that created significant cost benefits and expanded its global footprint.And at US Ground, Gama saw revenues shoot 19% higher in January-June thanks to the impact of new base openings last year and fresh contract wins.A strong North American marketplace was not the only cause to celebrate, however, with Gama noting that at Europe Air, “operational efficiency initiatives completed in 2016 have produced strong improvements in gross profit and EBITDA margins.” The flying ace also reported “modest revenue growth and improved profitability” at its Europe Ground.And elsewhere, Gama advised that Middle East Air and Ground had showed “encouraging growth” in the first half.Those seeking an immediate earnings explosion may well be disappointed — Gama is predicted to endure a 31% earnings drop in 2017. However, I remain convinced that next year’s predicted 9% bottom-line rebound should start a run of chunky profits advances.Despite hitting fresh share price summits on Wednesday, Gama boasts a forward P/E ratio of 10.2 times. And I reckon this is unmissable value given the company’s improving position in a growing market, helped by the impact of recent M&A activity."
gretel
06 Sep 2017
WH Ireland see 40% upside to their 370p target per this new Shares Magazine article.The P/E of 7.1 is ridiculous:[link] in air services group Gama are looking cheap06 September 2017, 13
9 Business jet services company Gama Aviation (GMAA:AIM) enjoys a 3% share price hike to 255p as its reveals a revenue increase of 45% to $291m in the six months to 30 June.A large part of this improvement is thanks to a revenue increase of around 74% in its US air services arm, reflecting the company’s game-changing management merger with part of BBA Aviation and the growth of the Wheels Up contract.The latter’s contract is a membership-based US private plane service which greatly reduces the cost of being able to fly in a private jet.CHEAP VALUATIONGama is trading on 7.1 times 2018’s forecast 36p earnings per share based on broker WH Ireland’s estimates.WH Ireland analyst John Cummings describes this valuation as undemanding and gives the company a buy recommendation with a 370p target price.STRATEGIC MOVESGama chief executive Marwan Khalek says that as much as he values the Wheels Up contract ‘it was becoming a big part of the business’ and the deal with BBA helps ‘recalibrate’ the company’s offering.He adds that the deal helps to reduce concentration risk in the business as the deal with BBA not only offers coast to coast coverage of the lucrative US market, it may lead to cross-selling opportunities with BBA.Khalek admits not much of this has come through yet, although he expects cost savings to follow in due course.GENERATING CASHAnother positive part of Gama’s results is the $5.1m reduction in net debt to $14.3m. Some of this, $4.2m, was due to the disposal of legacy aircraft but the business is also becoming more cash generative.The company’s pre-tax profit stood 40% higher at $7m. Underlying earnings per share is up 25% to just over $0.12."
gretel
06 Sep 2017
Simon Thompson : Buy, increased 325p target GMAA has just been tipped by Simon Thompson of the IC, who has increased his target price to 325p[link]
gretel
04 Sep 2017
The Times: a surge in private aviation New article in the Times about a surge in demand for private aviation.Who will be servicing and supporting many of these aircraft then? GMAA of course.[link] charter private airlinersOnce it was the ultimate symbol of wealth, but for some billionaires the private jet no longer cuts it.Charter companies are reporting a boom in demand for private full-size passenger planes that have been converted into airborne hotels.The number of VIP airliners being chartered by mega-rich tycoons, businesses, or even football clubs has increased by almost 40 per cent in three years.""Experts say that many of the world’s VVIPs — very, very important people with particularly high spending power — are choosing to purchase a custom-built private airliner in place of smaller aircraft.""Boeing Business Jets, an off-shoot of the American aviation giant, said it had taken orders for 250 huge private planes, including 12 customised 747 Jumbos.""The surge in the number of private airliners is thought to have been driven by an upturn in the world economy and the increasing availability of huge passenger planes deemed surplus to requirements by conventional airlines.PrivateFly said that many ultra-rich owners, particularly from Russia, China and the Middle East, travel with an entourage that cannot fit into a normal private jet."
gretel
25 Aug 2017
Wheels Up is expanding fast I really don't believe the market appreciates the strength and potential of GMAA's partnership with Wheels Up.Here's Wheels Up stating overnight that they're already up to 78 aircraft, they're planning on increasing this by 30% in the next year, and they're lining up an IPO with "the potential to become a billion-plus-dollar business".Note the credit for GMAA too in the article:[link] Up Eyeing 100-aircraft Fleet End of 2018 by Kerry Lynch - August 24, 2017, 11:12 AMA little more than four years after launching its business, private aviation provider Wheels Up has built a fleet of 78 Beechcraft King Air 350is and Cessna Citation Excel/XLSs and is approaching 4,000 members, but is setting its sights on a 100-aircraft fleet by the end of next year and 10,000 members by the end of 2020. And, all the while, the company is positioning itself to go public in the next year or two.CEO and co-founder Kenny Dichter said the company has remained on track with its business plan—“we are where we thought we’d be four years ago”—but sees substantial opportunity for growth. Noting an anticipated run rate of $300 million this year, the company has the potential to become a billion-plus-dollar business, he said. Dichter credited his team and strong partnerships with Textron Aviation and its fleet operator, Gama Aviation, for paving the way for growth. He also noted the success of the King Air, describing it as a “workhorse.”The company in late June closed on a credit facility that “locked in our ability to take our next 17 King Airs.” The company further is eying expansion into Western Europe, first from its Flight Desk digital platform—which connects its members with “partner” aircraft—and then with the King Air program. A decision on the latter is anticipated by early next year."
gretel
04 Aug 2017
RNS : Downing buy 2m more shares Excellent - today's RNS shows that 2m more shares have been bought by Downing LLP in their well-regarded Microcap Growth Fund and Microcap Investment Trust:[link] now have 2.31m shares, or 5.25%. Which should be a decent signal to the market that GMAA are a good buy at current levels.
gretel
01 Aug 2017
Re: BBA results bode well for GMAA Changed the typo in the header ))
gretel
01 Aug 2017
MMA results bode well for GMAA Good results this morning from BBA - particularly from the Signature division, which incorporates Landmark, essentially GMAA's partner in the BBA joint venture - have been taken well by the market and bode well for GMAA.Laraghs Fund, share prices don't automatically all go up or down dependent on news flow! There may be institutional buyers or sellers, the MMs may be trying to hold prices one way or the other for indeterminate periods to suit themselves, it may be a good or bad day on the markets generally....all sorts of reasons.The best asset an investor can have is patience - and belief that they are correct from their research even if the market hasn't yet recognised the stock in question.
Laraghs fund
27 Jul 2017
Re: RNS : another contract win So why did the share price fall on this news, which is supposedly positive ??
gretel
27 Jul 2017
RNS : another contract win after a competitive tender process. Yet more recurring income.At some point there will surely be another big re-rating here given so much positive news flow:[link]
gretel
25 Jul 2017
New British Army supply contract win More good news - it's coming in droves now:[link] Aviation signs parts supply contract for the British Army’s Gazelle AH-1 fleet.Fairoaks, July 17, 2017 Gama Aviation Plc, (AIM:GMAA) the global business aviation services company, is pleased to announce the agreement of an avionics parts supply contract for the British Army’s AH-1 Gazelle fleet.The new contract award, won after a competitive tender process, comes after the successful completion of a previous contract to design and certify significant avionics upgrades for the helicopter.On installation the upgrade is designed to enhance safety and improve aircraft capability for the British Army, with the new cockpit being fully NVG compatible. The use of the Garmin GTS800 TAS system within the cockpit was a first for a UK military platform; having been approved after an extensive test program.Scott Mc Vicar, Managing Director, MD Ground, UK, commented: “We are delighted to announce this new contract win. The win extends our relationship with the Ministry of Defence as well as completing a further phase of this important upgrade project.”"
gretel
24 Jul 2017
RNS : another contract win More good news - I do like contracts which go on indefinitely ))[link] Aviation extends its maintenance support agreement with Wijet.Oxford, 24th July 2017 - Gama Aviation Plc, (AIM:GMAA) the global business aviation services company, is pleased to announce the indefinite extension of their current maintenance support agreement with Wijet, the European leader in jet taxi services. The deal covers base, line and AOG maintenance support Wijet / Blink's 15 aircraft fleet across Europe.Patrick Hersent, Chief Executive Officer, Wijet said: "Our service is reliant on an ecosystem of partners that understand, and can deliver, the promises we make to our customers. I'm delighted to say that Gama Aviation is one such partner, delivering a level of maintenance support that meets the aircraft availability targets we set and importantly ensures our customer's expectations are met."etc"
gretel
21 Jul 2017
RNS : more contract wins Yet more good news today. This shares is just so obviously undervalued imho:[link] Aviation signs two new European fleet maintenance support agreements.Oxford, 21st July 2017 - Gama Aviation Plc, (AIM:GMAA) the global business aviation services company, is pleased to announce the signature of two new maintenance support agreements with European fleet operators.The deals cover ten aircraft in total, covering a range of services from inspections to AOG support for the two highly utilised fleets that include five Bombardier Globals, two Bombardier Challengers, two Hawkers and one Beech.Scott Corbett, Director of Maintenance, UK said: "We are delighted to be able to support both operators through our European jet maintenance team based at Oxford Airport (UK). Our team has had notable success this year, by focusing on delivering high levels of service and support, which has translated into increased aircraft availability for our clients. Combine this with a strong global maintenance network, particularly in the US, and we have a very attractive proposition for fleet operators."
