Ryan Mee, CEO of Fulcrum Metals, reviews FY23 and progress on the Gold Tailings Hub in Canada. Watch the video here.
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Bit of a mystery the sp. Vaccine very close so going to be either way. Either the rich fleeing to avoid lock down or rushing back to get a free vaccine! Doesn't help when LSE list it as having a PE of 106. Come on LSE get your act together its very unprofessional. The PE is a lowly 5.6. Never mind the now seemingly permanent state of maintenance on this site. At least try and get information right and up to date.
Yes, I saw that article in The Guardian.
Nice!
Keep up the good info janebolacha...not talking to yourself!
https://www.theguardian.com/business/2020/nov/03/private-jet-bookings-soar-as-wealthy-flee-second-england-lockdown
It sometimes feels like I'm talking tomyself here but really things seem to be lining up ineluctably for a very big shortage in cargo capacity over the next few months. Not only the coronavirus situation once more spinning out of control, not only Brexit freight and customs congestion, not only the collapse of airfreight capacity in the holds of passenger flights, not only the clear possibility of airlines going bust.................
This article refers particularly to the US but conditions in Europe and in UK are unlikely to be very different.
There ought to be opportunities galore for AIR to be coining it.
https://www.zerohedge.com/economics/covid-vaccine-fallout-general-air-cargo-wait-your-turn
"Mike Hill, director of group freight at Air Partner, said: “As one of the world’s longest standing private aviation brokers, we know from experience that businesses will turn to air freight as a method of transport at times of disrupted supply chains.
“We have already seen this during the Covid-19 pandemic, when for many organisations, air freight has been the only practical option to ensure their supply chains run and their businesses can continue to operate."
https://www.inyourarea.co.uk/news/demand-for-air-freight-could-rise-as-post-brexit-customs-controls-makes-road-freight-less-appealing/
With a MC of less than £40m and, in fact, only about £20m after deducting free cash, and profits this year likely to be some way north of £10m, the present valuation is ludicrously low. To be clear, I have nothing against caution as such. However, Mark Briffa has come across as downbeat and as being braced for rather poor results in the future, rather than seeing the strong recent performance as a springboard to future growth. The market reads that does not see that as simply caution and his coments are perhaps one of the drivers of the fall in the share price. Perhaps he does not get it, that the market is, through the now very low valuation of AIR, actually passing judgement on the perception it is able to gather on him as CEO. These kinds of perceptions and situations can end up feeding on themselves, as this one seems to be doing.
I do agree with you that Mark tends to be on the cautious side which is a good thing.. Quite why somoeone would sell 40000 shares below 60p is a bit of a mystery. Don't know if you read Paul's write up on Air recently on STKP he thought the sp was about right at 70p ish under the current climate. Quite a bit of money off the table recently. Wouldn't call it panic, more money management . This does create opportunities, one of which is clearly here. As Paul says 'these are the kind of entrepreneurs I like to back.' Although I don't think he has actually done that yet. Each to their own. Boo! I ask you.
This article is interesting as it seems that air freight capacity constraints are building fast. Together with the ever faster spread of the Chinese plague and signs of governments already losing control even before winter is here, AIR ought to have numerous opportunities in the coming months to pick up extra business, despite Mark Briffa's very cautious remarks a few weeks ago.
"Stefan Krauter, chief executive of cargo-partner, anticipates that the demand for charter services will remain high: “Since the beginning of the year, we have received numerous requests for full- and part-charter transports of urgently needed goods, the majority of which came from the pharmaceutical, healthcare and PPE sectors.
“In recent months, we have also noticed a growing demand from the high tech and automotive industries. In view of the expected peaks in the coming months, we advise our customers to start planning early to secure their supply chains.”
Typical cargo shipped on board of these full and part charter flights consisted not only of the expected large shipments and the seasonally contracted repetitive shipments.
“There has been an unexpectedly high amount of very time-critical shipments this year, especially during peak months. We were able to ensure immediate availability and the fastest reaction times for such emergency shipments,” explained Stefan Krauter.
Other forwarders have also been expanding their air cargo charter operations over the last few months as it appears much of the bellyhold capacity that makes up around 50% of overall cargo space will remain grounded."
https://www.aircargonews.net/business/supply-chains/cargo-partner-the-latest-forwarder-to-expand-airfreight-charter-operation/
There will likely be many opportunities here for air cargo charter companies such as AIR:
https://theloadstar.com/air-cargo-not-ready-for-biggest-product-launch-in-history-the-vaccines/
Includes comment from AIR.
https://www.businessairportinternational.com/features/trip-planning-during-a-pandemic.html
https://theluxereview.com/2020/10/12/air-partner-jetcard-demand-soars/
Glad you flagged up Stockopedia ratings. I signed on with them back in the spring. I do find them interesting but I do question their ratings sometimes as being rather behind the gain or loss line, like a lot of these sites. I got slapped down when I questioned this but I feel more than justified in questioning their accuracy. Its a bit like a more sophisticated method of charting with comments, and a lot of financial and other statistical info. For ages Air was screened up as a potential short, but now they seem to have it as a top stock. They were terrible at rating GFRD as a top stock, now half the value it was then. Now the sp has fallen so has their analysis. Some of the regular contributors have been a bit luke warm on Air, but they do seem to get stuck in their own biases. However on the nitty gritty side of things, the numbers, they are very good. One of Ed's (the boss) favourite metrics is the ROE and ROCE, both of which Air scores very well on around the 20% mark. The other favourable figure for Air concerning financial position is market cap to enterprise value, one of the widest I've seen of any company. 40 million market cap verses 12 million enterprise value approx. Relative strength has been a bit wobbly as we know from the sp performance this year. I think it obviously got knocked from constantly being told the 10 million profit for the first half was a one off. Obviously it is true that they benefitted enormously from the disruption caused by the early stages of COVID, but Mark's rather casual forecast of 'we still expect to turn a profit in the second half' was perhaps a bit too relaxed for the market's liking. With the oversubscribed placing @75p it looks a more than a bit oversold now. The market has been a long time getting to grips with this stock and short term will need a decent set of figures to reassure . Again my feeling is stokopedia's high rating on AIR is a bit skewed by the one off, but they are the best investment site I've come across and pretty good value. Stockopedia are clear that they are only an information site of which there is a lot, not a recommendation site. Longer term Air looks a very solid little business and I will continue to add on weakness
"Air Partner passes this 3-point stock market strategy
42 mins ago by Michael Green
Covid-19 has been a stark reminder of how unpredictable events can leave stock market investors feeling sucker-punched. Over time, researchers have strived to strike out these risks by pinpointing the drivers that can insulate investors from the very worst drawdowns...
Their answer is what we call 'factor investing' - and it's something that investors with an interest in Air Partner LON:AIR might be interested in.
In recent decades, finance academics and market professionals have broadly agreed that stock market outperformance is influenced by a handful of important 'factors'. Using these ideas could put you on the right path to finding shares with the above-average chances of beating the market...
GET MORE DATA-DRIVEN INSIGHTS INTO LON:AIR »
Choose high quality over junk
Some of the most influential stock market studies have found that Quality is an important factor that tends to show up time and time again...
Companies with a track record of profitable growth, high efficiency and solid finances, have been shown to be better bets on average than low quality, loss-making firms.
By our calculations (which use a range of financial quality metrics) Air Partner has a Quality Rank of 97 (where zero is poor and 100 is excellent).
Opt for cheap over expensive
Another well-research observation is that attractively valued shares tend to outperform expensive shares on average over time. So it's important to look at Value and whether a company is being fairly priced relative to what it earns, owns and what it pays out.
By our calculations (which look at several valuation metrics) Air Partner has a Value Rank of 84.
Look for a positive trend
It's easy to think that Momentum is only a measure for technical traders, but research once again shows that recent trends in both price and fundamentals can be a strong hint about the future. In the market, trends tend to persist, so it makes sense to look for stocks that are on an upward trajectory.
By our calculations (which look at both price and earnings momentum) Air Partner has a Momentum Rank of 79.
Overall, there are signs here that Air Partner has above-average exposure to three very important drivers of stock market profits...
What does this mean for potential investors?
Good quality shares that are well priced and rising in the market have very broad appeal. But there are no guarantees. Finding bullet-proof shares is difficult - and we've identified some areas of concern with Air Partner, which you can find here. Knowing the warning signs and being aware of weakness is essential if you're going to preserve your wealth.
Alternatively, if you'd like to find more shares that enjoy strong exposure to these vital drivers of stock market profits, just come and take a look at this Quality, Value & Momentum screen."
Should the coronavirus situation continue to worsen and the incompetence of governments (particularly the British Government) continue unabated, the opportunity for charter cargo business for companies like Air Partner ought to abound over the next few months. This is not factored into the sp by any means.
https://theloadstar.com/strong-demand-and-very-tight-capacity-predicted-for-air-cargo-market/
I have followed this company for a while now and read with interest the views of Lord Lee
I am pleased to get on board with my initial holding of 10k and hope it is the first of many.
I thought i missed the flight after I saw £1 sp recently, so very happy to buy at this price, seems low to me considering the recent trading news.
looking forward to reading the views of other investors here
GLA
"New IL-76 delivers its heaviest shipment to date as 39 ton paper press touches down in the US
Volga-Dnepr Airlines' new IL-76TD-90VD has carried its heaviest shipment to date &endash; a 39 ton press for the paper industry transported from Finland to the United States.
Loading and unloading of the 39 ton single piece of cargo required special equipment, including cranes and trailers, both in Jyvaeskylae in Finland and on its arrival at Rockford International Airport in Chicago. Organised in partnership between Procargo Ltd/Finland and Air Partner, the shipment &endash; a replacement part for a paper machine - was destined for a pulp and paper plant."
https://airhighways.com/aircargo_heavy.htm
As it crash landed I have just gone from £55 profit to £160 loss. I love good news.
The share price down 10% 67p-70p!
Is there any bad news?
I think there may be a lot of cheap stocks and better returns elsewhere!
This is rather interesting.
It surely tells us that the private jet business for the rest of the year ought to do well.
If people have AP Jet Cards, they will obviously be flying with AP.
" Number of new JetCards sold up 50% on prior period"
Valued at about £32m plus cash of £18m.
Ridiculously cheap.
https://twitter.com/surprised_trade/status/1311195060080443392
Gross profit up £10.5m (61%) to £27.7m Net cash increased to £18m, divi to be re instated,
"Air Partner, leader in global private charter and freight aviation solutions, has announced that it will be further expanding its team and product range throughout the Asia Pacific region from the Air Partner office based in Marina Bay, Singapore. The Singapore office was established in summer 2019 and, after early success, was a key player for Air Partner in facilitating the freight charter of personal protective equipment (PPE) following the unprecedented demand earlier this year."
https://www.caasint.com/air-partner-expands-its-freight-services-in-asia-pac/
Guessing that AIR will be up on Monday after EZJ rumours. Maybe a drop on open as people mistake AIR for an airline.
"UK-based global aviation services group Air Partner recently shared that it was appointed by a Swiss freight forwarder to arrange a time-critical cargo flight to deliver vital aid supplies to a crisis-struck refugee camp on the Lesbos Island in Greece - the largest refugee camp in Europe.
Air Partner said that within a few hours of receiving the request, their team found a suitable aircraft to carry the four tonnes of humanitarian cargo and had finalised all necessary arrangements. The fast response meant the critical cargo was delivered quickly to assist the suffering population. An effort requiring aviation know-how, speed and coordination with all their partners, on the ground and in the air, made the mission successful."
https://www.stattimes.com/news/air-partner-help-deliver-timecritical-cargo-to-the-lesbos-refugee-camp-in-greece-air-cargo/