To obtain income returns and a capital return for its Shareholders by acquiring, leasing and then selling aircraft.
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Effectively a 20% reduction in outstanding shares I think. GL DYOR.
Effectively a share buyback of approx. 86m shares and cancellation so from approx. 434m shares now approx. 347m shares. Hopefully quarterly divi to be re-introduced next year. DYOR.
Hey, anywhere here in on AA4 and understand what is going on with the shares/dividends?
Recent article....
https://simpleflying.com/thai-airways-rehabilitation-plan-update/
Thailand also opening up to some International travel from November 1st.....
Thailand plans to fully re-open to vaccinated tourists travelling by air from countries deemed low risk from November 1, Premier Prayut Chan-O-Cha said Monday.
The 10 countries considered low risk include Britain, the US, China, Germany and Singapore.
"When they arrive, they should present a (negative) Covid test... and test once again upon arrival and they can travel freely like Thais," the prime minister said in a televised address.
There is a fairly good write up Re: DPA
Rns dated 13 May. A bit longwinded.
They have some aircraft with Thai Airways.
Well i can't work out if thats good or bad news , the market hasn't reacted yet so will wait and see.
Maybe landed after hours re UK market.
News article update....
https://asia.nikkei.com/Business/Transportation/Thai-flag-carrier-s-rehab-plan-wins-creditor-backing
Plan finally ( 2months late) submitted to Receiver 02/03/21 with proposals to slash costs.
Aircraft types to be reduced from 12 types to 5 and a plan to negotiate with lessors with pay for use by hourly rates.
After filing with the Official Receiver, a copy will be sent to creditors.
The rapidly growing vaccination programme beginning to look like the early foothills of recovery.
Legs , there is absolutely no comparison between the two companies whatsoever ! One sells holidays and flys you there . one leases airplanes to airlines.
A digital passport proving a tourist has received the jab is currently being trialled by airline Emirates.
Having looked at Wizz Air share price....this is just madness sitting at upper 20’s.
They may as well have no engines at all judging by the sad state of the share price , or any planes either .
Emirates announced all engines are GE manufactured so planes not grounded.
https://www.thaiairways.com/en/news/news_announcement/news_detail/news98.page
Link to Sept 14 statement for anyone interested.
Anyone have an idea why the Doric nimrods have all gone up today? Hedge funds sniffing?
Some very big sells this afternoon in the millions and strangely no move on the SP.
Somethings afoot?
Still this one goes down, now about 10% dividend.
Very tempted to double holding, again.
ii have recently mentioned this one in an online article....perhaps they should do some research into their own trading platform as it cannot be purchased through themselves. No kiid available. Yet it is on Morningstar. Just like the rest of the Doric Nimrod’s.
From Alliance News 17th July.
(Alliance News) - Amedeo Air Four Plus Ltd on Wednesday posted a sharply lower pretax profit for financial 2019 mainly due to a drop in foreign exchange gains.
For the year ended March 31, the aircraft leasing company recorded pretax profit of GBP8.5 million, down sharply on GBP228.5 million in the comparative year ago period. Foreign exchange gains plummeted to GBP1.9 million from GBP184.8 million.
Net asset value per share stood at 109.70 pence each at period end versus 109.58p a year ago.
Excluding finance costs and forex gains, net profit totaled GBP91.4 million versus GBP93.9 million.
Income for financial 2019 grew to GBP254.7 million from GBP219.2 million. US dollar based rent income grew to GBP209.3 million from GBP174.3 million, while Sterling rent income income increased to GBP45.4 million from GBP44.6 million.
Shares in Amedeo Air Four closed at 90.78p each, down 0.5%.
XD 18th July. Added to holding on lows already.
It will be interesting to view the SP from this XD date onwards.
At these levels the offshore based dividend at approx 9% is highly desirable, despite the capital loss suffered to this point.
Large dividend now on this share.
Having read the last RNS there appears to be no real problems with Emirates and the A380 fleet?
Lots of ditching of shares seems a pointless knee jerk reaction?
Added on first drop. Waiting for some stabilisation before adding more.