In this bonus episode Nick talks to Jeff Chatfield. Jeff serves as the Executive Chairman of Avation PLC and played a pivotal role in its founding and development. Throughout his career, he has held management and directorial positions in various companies across sectors such as the airline industry, data distribution, electronics, investment, broadcasting, and manufacturing. He holds both a Bachelor of Engineering and a Master of Engineering Science from the University of Western Australia. A...
Avation’s interim results this morning reflect a further period of improving lease revenues and underlying profitability from its fully utilised fleet of commercial aircraft, along with strong cash generation leading to net debt reducing by $45m and an increase in the NAV despite a reduction in the estimated value of the purchase rights. With the market for commercial aircraft remaining buoyant following a strong recovery in air passenger demand and constraints to aircraft supply, Avation also a...
Avation, a lessor of 32 commercial aircraft, has this morning confirmed that it has entered into an agreement with a major international bank for an $85m expandable portfolio financing facility. This will not only benefit the Group’s cashflow profile but is also at an interest rate reported to be substantially lower than Avation’s equivalent unsecured bond format financing, which is due for expiry in October 2026. Ahead of interim results later this month, we leave our forecasts unchanged. Again...
Avation, a lessor of 32 commercial aircraft, has provided an AGM update this morning, reporting an encouraging period of trading in the year to date. Progress has been made on new lease agreements, aircraft sales, rising lease yields, including a lease extension of an A320 at a higher rate, and strong cash generation. We adjust our net debt/EPS estimates this morning to take account of yesterday’s purchase by the company of 7.8m shares into Treasury, equating to 10.45% of the issued share capita...
The global commercial airline market is expected to see one of its strongest periods in the past decade as a result of increasing passenger demand, while the supply of new aircraft from manufacturers is constrained. Against this backdrop, Avation is extremely well positioned to benefit from rising aircraft valuations and increasing lease rates. FY24 results demonstrated considerable progress in the year, with the fleet 100% utilised for the first time since the pandemic, growth prospects underpi...
This week Nick talks to Jeff Chatfield, Executive Chairman of Avation PLC. Jeff serves as the Executive Chairman of Avation PLC and played a pivotal role in its founding and development. Throughout his career, he has held management and directorial positions in various companies across sectors such as the airline industry, data distribution, electronics, investment, broadcasting, and manufacturing. He holds both a Bachelor of Engineering and a Master of Engineering Science from the University o...
Avation, a lessor of 32 commercial aircraft, has announced its full year results for the year ended 30 June 2024 this morning, reflecting a year of operational progress on fleet management and a strong performance on cash generation. Revenues were ahead of expectations at $92.4m (flat YoY, Zeus est: $90.3m), with a $47m fair value gain on aircraft purchase rights driving an 80% increase in adj. PBT to $40.8m (Zeus est. $45m). Forecasts are raised this morning, following better than expected perf...
Avation, a lessor of 32 commercial aircraft, has announced the sale of two ATR 72-600 aircraft this morning, realising $10m of net cash proceeds after repayment of associated debt. With the sale being completed at book value, the sale price provides a positive validation of the book value of Avation’s fleet, contributing to a net asset value which currently stands at a substantial premium to the share price (NAV: 256p as at 31 December 2023). Sale proceeds should enable Avation either to continu...
A director at Avation sold 140,000 shares at 143p and the significance rating of the trade was 50/100. Is that information sufficient for you to make an investment decision? This report gives details of those trades and adds context and analysis to them such that you can judge whether these trading decisions are ones worth following. Included in the report is a detailed share price chart which plots discretionary trades by all the company's directors over the last two years clearly showing Clo...
Full Article at IIR has reaffirmed its Recommended rating for PIA after undertaking a review post the appointment of a new Portfolio Manager, Harding Loevner. The full report can be found on the IIR website. On 26 July 2021, Pengana International Equities Limited (PIA) announced a fully franked dividend of 1.35 cents per share for the June quarter. This represents an 8% increase on the March quarter dividend and takes the total dividends declared for FY21 of 5.1 cents per share, fully franked....
Ford Equity International Research Reports cover 60 countries with over 30,000 stocks traded on international exchanges. A proprietary quantitative system compares each company to its peers on proven measures of business value, growth characteristics, and investor behavior. Ford's three recommendation ratings buy, hold and sell, represent each stock’s return potential relative to its own country market.. The rating reports which are generated each week, include the fundamental details behind...
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