Yep agree...excellent move and now highlighted by Midas share tips....should be good buy from hereon imho.
9 Dec '14
Great news re GAMA merger
This sems a very good move to me at first look. HGR8/GAMA will now be a much larger group, with much more interest for institutional investors - and will be much more liquid than HGR8 ever is or was. Lots of synergies and savings to be had it seems. Not a bad placing price at 280p either. DD has placed around 23% of his shares, but retains the other 77%. Here's the full document FYI: Http://www.hangar8.com/wp-content/uploads/2014/04/234414-Project-Eagle.pdf Above all, as this article suggests, the merger will make HGR8 "one of the five leading operators in business aviation worldwide". This is now a serious player and will be a draw for institutional investment. Since HGR8 was already pretty good value given EPS forecasts and the cash pile, I expect the share price to do well from here: Http://www.arabianaerospace.aero/hangar-8-and-gama-aviation-to-merge-and-become-one-of-the-world-s-top-5.html "Hangar 8 and Gama Aviation to merge and become one of the world's top 5Posted 9 December 2014 · Add CommentTwo leading British business aviation companies with interests in the Middle East and Africa, Hangar 8 and Gama Aviation, are to merge. The new company, to be called Gama Aviation plc, will have a market capitalisation of £120 million (about $188 million) and make it one of the five leading operators in business aviation worldwide. The merged company will manage 144 aircraft and operate from 44 different locations in 15 countries across five continents. It will have a strong presence in North America, the UK, continental Europe, Africa, Middle East and Asia as well as South America. It will offer a comprehensive service, operating and supporting aircraft from all major manufacturers and all classes of private jet aircraft. Dustin Dryden, Chief Executive of Hangar8 said: "Hangar8 has achieved much in its short history but, in our highly regulated industry, success at all levels is now entirely driven by scale. Today our clients, many with ultra-long range aircraft, require their premier suppliers to be truly global too with the ability to supply a full range of private aviation services across the globe" etc"
3 Dec '14
A tedious day for HGR8. Order book seems well balanced so in principle not expecting anything exciting this week. Hope I'm wrong though...
19 Nov '14
RE: Growth concerns
possible growth through 'more acquisitions likely' as stated on RNS
18 Nov '14
Not sure where the growth will come from and forward P/E is already looking fully valued. I'm not too surprised about the SP descent post-results - seems to happen each time. The fuel price will have almost zero impact to their bottom line as the restated revenue figures suggest this is passed through to the aircraft owners with no mark-up - so likely not for HGR8's benefit. The revised revenue recognition from now on will give them the perception of sales growth - but where will the margin come from? I think the Ebola thing is short lived and a quick Google session suggests that this service is not unusual - and that governments are generally making their own provisions for isolation cases. Also the impact of any improvement in spot charter seems negligible again possibly because the benefits passed through to the owners, with a zero or minimal mark-up, further diluting the margin.
12 Nov '14
Ex-cash P/E of only 9.4
With 49p per share in cash, HGR8 looks even better value - that's 281p (taking 49p off the current share price) against the 30p EPS current year forecast, an ex-cash P/E of only 9.4, News just out - HGR8 to start transporting ebola patients....pretty lucrative I'd have thought: Http://www.oxfordtimes.co.uk/news/11594872.City_jet_operator_set_to_carry_patients/ "City jet operator set to carry patients First published 3 hours ago KIDLINGTON-based private jet operator, Hangar8, has equipped a plane to specifically transport Ebola patients in Africa. The Bombardier Challenger long-range aircraft will fly out to Sierra Leone tomorrow to carry medical supplies from the company’s base at Oxford Airport, Kidlington. The plane, which is owned by an aircraft leasing company, was delivered two weeks ago. Hangar8 chief executive and founder, Dustin Dryden, said: “We have an aeromedical division in Africa. Moving critical patients is something we’ve been doing for a long time.” Although the plane can carry up to two Ebola patients at once, it will start with a single patient. While many private jet operators only carry the patients, Hangar8 also supplies a doctor and paramedic to travel with them. Mr Dryden said: “We are the first port of medical care.” The plane will be used to carry Ebola patients within Africa, or to repatriate workers to European hospitals for treatment. Mr Dryden said multi-national companies had a legal duty of care to protect their staff against diseases such as Ebola. . In addition, having a plane equipped to fly them back home provided a sense of reassurance, even if it was not used by their staff, he added."
Datafeed and UK data supplied by NBTrader and Digital Look.
While London South East do their best to maintain the high quality of the information displayed on this site,
we cannot be held responsible for any loss due to incorrect information found here. All information is provided free of charge, 'as-is', and you use it at your own risk.
The contents of all 'Chat' messages should not be construed as advice and represent the opinions of the authors, not those of London South East Limited, or its affiliates.
London South East does not authorise or approve this content, and reserves the right to remove items at its discretion.