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momentum :-)
I'm getting 4 different closing prices but 2@ 86.4p. Anything specific happen today or just momentum building?
Next week update will be huge. Hopefully we will break off. Institutions have just taken positions. Director s have bought in. All set. Game on. Don’t sleep people, time, best time to buy before lift off
Article here (in Spanish) from "OKDiario" : The former king of Spain seems to have been a client of Air Partner.
A scandal around his trips and what he gets up to....but, hey, "dinero es dinero"!
https://okdiario.com/investigacion/orleans-utilizo-pais-falsa-cortada-pago-vuelos-privados-rey-juan-carlos-i-altruismo-5764469
Nice TR-1 and shall it may continue ...
Think next operational update will give this a boost to the next level as they have ready stated June is going to be a very good month - GLA
Thought there would have been a better reaction to the price on that news.
https://twitter.com/surprised_trade/status/1274947282832588801
TB Amati Investment Funds Limited take 8% holding in one swoop
https://twitter.com/surprised_trade/status/1274638414365757440
all set for challenge on year high (94p) over coming weeks, raised at 75p two weeks ago sp now 81p following new contacts and expected further profitable June .. (FT noted maybe divi return later in year)
https://www.youtube.com/watch?v=fjLeEO2pzhw&feature=youtu.be
Master Investor Interview 18.06.20
14m 12 sec .. Lord lees states Air Partner is one of his 'favourite and largest holdings'
The story is heating up.
https://www.investegate.co.uk/air-partner-plc--air-/rns/redline-adds-the-caa-and-jet-edge-to-customer-base/202006190700053889Q/
Redline, an Air Partner company and a leading provider of global security solutions, is pleased to announce that it has won a long-term contract with the CAA, and is now also providing consultancy services to private aviation company Jet Edge.
The CAA has awarded Redline a seven-year contract to be the UK's sole certifier and quality assurer of free running explosive detection dogs (FREDDs). The certification and quality assurance process is set by the Department for Transport (DfT) and overseen by the CAA, which is responsible for ensuring that it operates effectively.
In addition, private aviation company Jet Edge has engaged Redline to develop standard operating procedures (SOPs) across its entire operations in light of the ongoing COVID-19 pandemic, from aircraft decontamination to in-flight operations. Redline has curated this service to support operators through this difficult time after it successfully developed and implemented a series of COVID-19 SOPs to operate aircraft and security screen passengers for its repatriation of UK and Irish nationals from Japan on behalf of the UK government. Jet Edge called on Redline in order to give its clients comfort that all necessary precautions have been taken to mitigate the risk of exposure to the virus when travelling with the company.
These business wins follow the recent announcements that Redline has also secured two long-term quality assurance contracts with Aéroport Nice Côte d'Azur and the international facilities management company OCS Group UK, as well as a contract to provide security consultancy support on a HS2 project.
I said this could be the ace up the sleeve:)
Mark Briffa, CEO of Air Partner, said: "Despite the difficult circumstances posed by COVID-19, Redline has already secured a number of prestigious contracts in the financial year to date, thereby demonstrating the clear value of its offering. The CAA contract adds to our forward long-term contract portfolio, further increasing visible and recurring revenues for the Group, as per our stated strategy. I am extremely pleased with the company's performance since acquisition, in both the aviation and non-aviation sectors, and look forward to seeing what the rest of the year has in store for this exciting part of our business."
https://twitter.com/surprised_trade/status/1273859784450756609
Civil Aviation Authority award seven-year contract, In addition, private aviation company Jet Edge has engaged Redline to develop standard operating procedures
With TR1’s yesterday of 2 x buying and 1 x selling it looks like price being held for for buy & sells ....
Once the MM’s completed the order / sell book ...
This should really take off as 4 - 6 week updates and already stated June very busy !!!
Guess the beginning of July with May see a re - rate of some kind and if they mention dividend ..then what price it goes to is a unknown - GLA
https://www.investegate.co.uk/air-partner-plc--air-/rns/director-pdmr-shareholdings/202006180700072867Q/
Mr Ed Warner, Non-Executive Chairman of the Company, subscribed for 75,000 Ordinary Shares at a price of 75 pence per share, with a resultant shareholding after the purchase of 200,000; and
· Ms Joanne Estell, Executive Director and Chief Financial Officer, subscribed for 26,667 Ordinary Shares at a price of 75 pence per share, with a resultant shareholding after the purchase of 38,030.
https://www.investegate.co.uk/air-partner-plc--air-/rns/tr-1--notification-of-major-holdings/202006170700061630Q/
Premier 7.45% on 16.6.20
https://www.investegate.co.uk/air-partner-plc--air-/rns/tr-1--notification-of-major-holdings/202006170700061629Q/
LF Tellworth UK Smaller Companies Fund 5.7% on 12.06.20
getting ready for take off over coming sessions (geo politics and virus aside) ;-)
Two Major Holdings purchases , sounds very interesting.... Let's see what today will bring us.
https://twitter.com/surprised_trade/status/1270628307952959488
'stable overheads, increased activity flows to the bottom line, boosting both profits & cash. Unsurprisingly AIR shares have taken off .'' There should be further to go, perhaps a resumption of dividends."
https://www.ft.com/content/07966ea1-0e8e-4d5b-a8ee-950dfaa7b443
Aberforth down to zero! Good news! There must have been a ready buyer, eager to take the shares, for 10% to have been disposed of in one day. Especially so, given the placing as well. Institutions must be waking up to the value here.
https://www.investegate.co.uk/air-partner-plc--air-/rns/tr-1--notification-of-major-holdings/202006151410009982P/
https://twitter.com/AirPartner/status/1271789469742530560
Praise to the handling agents continuing to work hard in such difficult conditions, loading another one of our Ilyushin76 charters in Shanghai, bound for Europe.
Or just Air Partner traditionally being in the habit of not carrying debt getting rid of it. It would be interesting to find out what information was given to the institutional customers to convince them to buy into AIR. An 18% increase in the share allocation, effectively 18% drop in the value of the company, which the market apparently doesn't agree with. It would appear that the good times are rolling...
Generally it is quite normal to pay a bit of a premium for a good going concern. I think a lot of people felt the timing was unfortunate, and thinking that business would dry up with the collapse of the transport industry the shares collapsed. Seems they have some great contracts coming through from their acquisition recently and could prove a real bonus as things are going to get tougher. As with just about every other company that is doing well had no problem in strengthening the balance sheet, by reducing debt, rather than having the rug pulled from under your feet at just the wrong time. Seems to be the favourite strategy right now. OCDO raised a billion overnight a couple of days ago. God knows where they keep finding the money. Must be a record for placings this year by a mile
Makes me think they over paid for Redline.
Debt is cheap, so why pay it off, unless the underlying asset isn't worth what it was.
Pondering if AIR are dumping the debt on the shareholders for it all to be lost in the wash.