Roundtable Discussion; The Future of Mineral Sands. Watch the video here.
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BBA is the no.1 weighted share in the Smith & Williamson Income Fund portfolio at the moment and is tipped by the manager here: http://citywire.co.uk/money/tineke-frikkee-my-two-ftse-250-turnaround-picks/a867170?ref=citywire-money-shooting-gallery-list Seems like good value at these levels.
Appreciate the info.. Are these a buy at the current levels?
Because the nil paid rights became listed, essentially the fall was offset by the value attached to these as part of a discounted rights issue.
Ex Rights
..why the 30% fall today??
BBA Aviation has announced the proposed acquisition on Landmark Aviation for $2.1bn. CEO Simon Pryce said the deal would be a transformational step in the continued execution of BBA Aviation's strategy.
Petition aimed at addressing the woeful inadequacy of the system that reports trades as either buys or sells. Worth signing IMO. If interested you know what to do . PLEASE PASS IN ON http://epetitions.direct.gov.uk/petitions/64712
BBA is looking good here anyone with a view on the aviation industry should be long
trades coming thro on here.....
got the wrong aviaton comp....meant avap.lol...
nearly a full page about this on the mids page..... looks a bit spikey on the chart tho?.......
North American Business and General Aviation (B&GA) movements were down 1% year-on-year in the third quarter, which was a slight improvement on the rate of decline seen in the first half of 2011. In Europe B&GA movements were down 4%. Commercial movements in North America declined by 2% in the third quarter, again lower than the decline seen in the first half. Revenue in Flight Support was more or less flat, year-on-year, but declined 2% on an underlying basis after excluding the impact of exchange rates, fuel prices and acquisitions & disposals. BBA's Signature division outperformed its markets and the ASIG unit continues to pull in the contracts, but ASIG also suffered during the reporting period from the timing of previously announced contract losses. Revenue in Aftermarket Services and Systems declined by 7%, reducing the year-to-date gain to 6%, or 3% on an organic basis. The third quarter reduction reflected the timing of product delivery in Legacy and Engine Repair and Overhaul together with the lag effect of the softening in B&GA markets since mid-2011. The impact of revenue reduction in Aftermarket Services and Systems was broadly offset by margin progression, the group said. As if things were not tough enough, the group's Flight Support businesses in the north-east of the US have been affected by disruption caused by Hurricane Sandy. Luckily, the group's facilities were broadly untouched and the disruption is expected to have only a limited impact on full year performance. "In soft and somewhat volatile markets, BBA Aviation continues to perform well, benefiting from its inherently flexible cost base and our focus on driving operational improvement. Notwithstanding the challenging near-term environment, the medium and long term growth prospects remain exciting, and we continue to expect to make progress in the second half of the year and beyond," said Simon Pryce, Chief Executive of BBA Aviation.
BBA Aviation: Westhouse Securities downgrades to neutral.
Outlook Consistent with the subdued macroeconomic backdrop, we do not now anticipate any material improvement in markets in the second half, however with fewer headwinds and continued operational improvements we expect to make progress in the second half of the year and beyond. Our acquisition pipeline remains strong and the medium-term indicators continue to support the exciting growth potential in our markets which, together with the underlying strengths of BBA Aviation's businesses give us continued confidence in our ability to generate superior through-cycle returns.
Simon Pryce, BBA Aviation Chief Executive Officer, commented: "In soft markets, BBA Aviation made further operational progress in the first half of 2012. Flight Support performed well given North American and European market weakness and an unusually poor de-icing season and Aftermarket delivered another six months of strong growth. The Group generated good cash flow and made positive strategic progress. Consistent with the subdued macroeconomic backdrop, we do not now anticipate any material improvement in markets in the second half, however with fewer headwinds and continued operational improvements we expect to make progress in the second half of the year and beyond. Our acquisition pipeline remains strong and the medium-term indicators continue to support the exciting growth potential in our markets which, together with the underlying strengths of BBA Aviation's businesses give us continued confidence in our ability to generate superior through-cycle returns."
Aftermarket Services and Systems (45% of Group EBIT) · Strong organic growth of 11% · ERO: continued strong demand for engine overhaul services, extension of field service capability · Legacy Support: successful integration of fuel measurement business, order book increased by 12% · APPH: operational improvements being delivered, successful start-up to the AW159 programme Continued strategic progress · Further strategic progress: expansion of Signature network and two new Signature Select locations; ASIG C$27m acquisition of PLH Aviation Services and Dryden Air Services announced today; further Aftermarket authorisations secured · Strong pipeline of consolidation opportunities with significant investment capacity available to deploy, maintaining strict value discipline
Overview · A challenging first half with soft markets: US B&GA market down 1%; commercial aviation market down 3% · Strong growth in Aftermarket Services and Systems · Improved efficiencies driving operational progress · Interim dividend increased by 5% to 4.20¢ Operational highlights Flight Support (55% of Group EBIT) · Organic revenue decline 7%, 2% decline ex de-icing and FBO exits · De-icing impact on operating profit accentuated by a strong prior year comparator · Signature: further network expansion · ASIG: expanded service offering, effective labour flexing
http://www.investegate.co.uk/Article.aspx?id=201208070700074284J
Jefferies keeps buy rating and 250p target. Source: http://www.sharecast.com/cgi-bin/sharecast/story.cgi?story_id=20048419 Also, Here's a couple of links about SCLP, one of the hottest stocks at the moment: http://www.euroinvestor.com/community/discussionthread.aspx?threadid=252803 http://www.euroinvestor.com/community/discussionthread.aspx?threadid=253089
BBA Aviation has muted first quarter 24 April 2012 | 09:05am StockMarketWire.com - Global aviation support and aftermarket services provider BBA Aviation had a muted first quarter and expects this to continue for the remainder of the first half. Group revenue increased by 2% in the three months to the end of March and after adjusting for fuel prices, declined by 1%. Revenue in the flight support division declined by 8% after adjusting for fuel prices. The division, particularly ASIG, was adversely affected by the exceptionally warm winter in North America which resulted in limited de-icing revenue compared to a strong Q1 in 2011. Both business and general aviation (B&GA) flying hours and commercial movements were also marginally down against strong prior year comparators. Signature continued to outperform its market, although this has been masked by the 2011 exit from Miami and Tampa, which was partly offset by the contribution from the FBO acquisitions made in 2011 and the beginning of 2012. In aftermarket services and systems there was further good progress and revenues grew by 15%, driven by solid demand for engine overhaul services and legacy products together with a strong contribution from the GE fuel measurement business. While landing gear deliveries were weaker than a year ago, this was principally due to the timing of deliveries rather than underlying demand. Chief executive Simon Pryce said: ""B&GA and commercial movements in the first quarter in both North America and Europe have been muted. "We anticipate this continuing for the remainder of the first half, consistent with our view that the uncertain economic climate will result in low and somewhat volatile growth in our major markets in 2012. "This, together with lower de-icing revenues against a strong comparator, represent headwinds for the first half, however with ongoing underlying operational progress we continue to expect this to be a year of further progress, and see good opportunities to deploy our investment capacity in a value creative way." Source: http://www.stockmarketwire.com/article/4354693/BBA-Aviation-has-muted-first-quarter.html
Shares in aviation support service group BBA Aviation are a few pence off their 52-week high, so it was not a bad time for Group Chief Executive Simon Pryce to get shot of a pile of shares awarded under the firm's long term incentive and bonus plans. Pryce jettisoned 323,613 shares at 215.55p each for a total of £697,548, reducing his total holding to 939,874 shares. The sale was made exactly one month after the aviation support firm boasted a significant rise in both revenue and profit for the year ended December 31st.
BBA Aviation, the aviation support firm, has boasted a significant rise in both revenue and profit for the year ended December 31st. Statutory profit before tax was up 24% from $132m to $163.6m (up 15% to £170.2m before exceptional items), while revenue was up 17% from $1,833.7m to $2,136.7m. Earnings before interest, tax, depreciation and amortisation rose 13% from $221m to $250.1m, while basic underlying earnings per share gained 6% from 27.3c to 29c, after the firm continued to outperform the market, albeit at a slower rate than expected. Division-wise, Aftermarket Services & Systems (AS&S) profit was up 23%, while Flight Support was up 10%. AS&S had a very strong year with revenue growing by 18% to $806.6m (2010: $684.2m) of which 12% was organic. The balance of the increase was accounted for by the acquisition of the GE Aviation Systems' fuel measurement business.
BBA Aviation (BBA) has been downgraded from "add" to "hold" by Brewin Dolphin, with a 200p target price. The aviation services company's shares have enjoyed a rally in 2012, which the broker notes is in-line with the improving sentiment towards the US economy. However, with flight activity remaining subdued, with data from Avinode suggesting that US flight activity was 6% lower in the first three weeks of January than in 2012, Brewin sees little upside for BBA
Simon Pryce, Group Chief Executive, commented: "The addition of these new locations represents another meaningful step in Signature Flight Support's expansion, and further strengthens our position as the leading North American and global FBO network. We are pleased to welcome these new businesses and their employees to the Group. We remain focused on taking advantage of the consolidation opportunities in the fragmented FBO market as part of the Group's broader growth strategy."
Signature Flight Support acquires three new locations BBA Aviation plc today announces that Signature Flight Support ("Signature") has recently acquired the assets of Azalea Aviation in Mobile, Alabama for an initial consideration of $22.0m with further payments of up to $5.3m over a 5 year period. Signature has also acquired 95% of Arrindell Aviation Services in St Maarten, Caribbean for a cash consideration of $7.8m. Azalea Aviation incorporates two sole source Fixed Base Operations ("FBOs"), the Mobile Air Center at the Mobile Regional Airport and the Downtown Air Center at the Mobile Downtown Airport with long lease terms of over 26 and 30 years respectively. This acquisition extends the Signature network into a key and growing business and general aviation location. Arrindell Aviation Services provides commercial and business and general aviation services at St. Maarten's Princess Juliana International Airport, with a 15 year remaining lease term. Princess Juliana International Airport is the second busiest airport in the Northeastern Caribbean. Following the acquisition of Tropical Aviation in Puerto Rico in July 2011, this represents an important extension of Signature's presence in key resort destinations in the Caribbean. These acquisitions are in line with the Group's growth strategy and bring the total number of North American FBOs to 65 and globally to 111.