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There ought to be still plenty of demand for urgent shipping of PPE into the US. One post below mentions a shipment to Puerto Rico. The situation in many of the southern states seems to be now critical. Air Partner may be much busier than yesterday's RNS rather cautiously (imo) forecast,
https://www.zerohedge.com/geopolitical/us-suffers-record-52k-new-covid-19-cases-holiday-weekend-begins-live-updates
Solid share and steady climb to so much upward movement after each positive announcement....
Once they announce a dividend payment it should fly ...GLA
https://twitter.com/AirPartner/status/1278991879011553283
As travel restrictions start to ease, our JetCard programme provides the flexibility you need to help you fly with peace of mind during these uncertain times.
I agree, good mid-term bet. If you are holding on for £3 though I thoroughly recommend that you take out your intiial investment when you can though - that way you are playing with house money.
Been watching this for a few days now and looks like a solid investment for the mid-long term.
GLA
It’s going £3+, current Macap is only £55m, Whitman more institutional investors starts buying , sp will fly! A solid business model and perfect timing for air Partners to grow ! I won’t be selling until it reaches to £3
Agree with under valued ..but slow and steady climb does no harm ...
Just waiting for them to announce dividend payments - GLA
Stunning figures. Over a pound soon.
160p was considered fair value by SWS in overview posed below, that was when sp was under 50p...with the increase in profits etc clearly an sp over 100p+ expected upcoming soon :-)
tweet from April below detailing 'Simply Wall Street' overview of Air and a fair value target price of 160p .....we're getting there :-)
https://twitter.com/surprised_trade/status/1246724254080565248
I'm quite surprised Lord Lee wasn't already over 3%, wish I was! although I did top up substantially near as damn it to the placing price. I fail to see how this is not a far better company now than when the sp was over £1.50 a couple of years back. But there again the market has already shown how ridiculously misplaced its pricing can be.
Fair weather ahead - for the share price the compass is firmly set to North.
"The business continued to perform significantly ahead of budget in June and the unaudited management accounts show an expected underlying profit before tax of at least £10.0m for the first five months of the year to 30 June 2020. As has been the case throughout the COVID-19 crisis, this performance has been driven by strong activity in our Freight and Group Charter divisions. Early indications for July are showing an adjustment in our business mix to pre COVID-19 levels, with a recovery in both Private Jets and Safety & Security."
https://www.investegate.co.uk/air-partner-plc--air-/rns/shareholder-update/202007020700037819R/
Then, Lord Lee putting his money where his mouth is! In a big way!
https://www.investegate.co.uk/air-partner-plc--air-/rns/tr-1--notification-of-major-holdings/202007020700047796R/
https://twitter.com/surprised_trade/status/1278575809222127617
great results,£10m+profit in five month & Lord lee's up's his stake in them
https://www.investegate.co.uk/air-partner-plc--air-/rns/tr-1--notification-of-major-holdings/202007020700047796R/
https://www.investegate.co.uk/air-partner-plc--air-/rns/shareholder-update/202007020700037819R/
The business continued to perform significantly ahead of budget in June and the unaudited management accounts show an expected underlying profit before tax of at least £10.0m for the first five months
Early indications for July are showing an adjustment in our business mix to pre COVID-19 levels, with a recovery in both Private Jets and Safety & Security.
Group Charter had a strong month in June, carrying out repatriation work and corporate shuttles, with the latter particularly strong in Europe and the US as companies continue to prioritise the safety and wellbeing of their employees.
Given the impact of COVID-19, we had seen a significant decrease in Sports activity as numerous large sporting events scheduled for 2020, such as the Euros and Olympic Games, were postponed or cancelled. However, we are now seeing a pick-up in demand from this sector across Europe as sporting events have started to resume.
Private Jets has shown positive signs of recovery, especially in the US, and JetCard has delivered strong sales for the month of June
Our Freight division continues to see high demand for the transportation of emergency protective personal equipment (PPE) from Asia to the UK, Europe and US.
the Safety team delivered over 50 virtual courses during June, as clients adapt to new operating requirements and standards.
We have enjoyed a strong first five months of the financial year and we remain confident in our ability to successfully navigate the current economic climate
good working capital to invest in new opportunities arising from COVID-19 that will help drive organic growth.
At the end of June, the Group has normalised cash in the bank of £16.0m, excluding significant customer deposits and JetCard cash. The Group also has access to a total debt facility of £14.5m,
https://www.investegate.co.uk/air-partner-plc--air-/rns/shareholder-update/202007020700037819R/
https://www.investegate.co.uk/air-partner-plc--air-/rns/tr-1--notification-of-major-holdings/202007020700047796R/
lord lee increases holding on 2.07.20...
fully expecting June update to continue the good news and increasing profits, on a great start to this year..'never waste a good crisis' and Air have certainly not wasted the opportunity :-)
https://twitter.com/AirPartner/status/1277980770963869696
a smooth and steady flow of PPE from China into Belgium, we recently completed the final flight of a 28-flight series into Brussels.
Shortages of PPE becoming evident all over the US. The demand for urgent freight provision can only benefit from this.
https://www.theguardian.com/world/2020/jun/29/demand-ppe-soars-again-amid-shortage-us-cases-rise
https://twitter.com/surprised_trade/status/1277495283635585026
Air busy being busy ..
Having brought 10 tonnes of PPE from the UK into Puerto Rico on a chartered A330, our Freight team then coordinated the distribution of the products to various islands in the Caribbean on a combination of small aircraft
https://twitter.com/AirPartner/status/1276531378625142786
All stowed and ready to go. Making the final cabin preparations for another passenger-converted freighter about to depart Vietnam.
Understandably a bit of profit taking today by the looks. Not sure its enough to swing trade though and the chance of another uplift and rerate could be not that far off. Cant really say the directors undersell this company. They tell it as it is. Must be really tough out there and think these guys have performed amazingly. But don't reinstate full salary till we hit £1.50 lol
Think we may see another TR1 before the next company update that will be within the next few weeks ....
It was a UT trade for 5000 share after close. I would be surprised if their private air charter doesn't pick up substantially after recent news. If you had the dosh why risk travelling with people you dont know? No offence......