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To obtain income returns and a capital return for its shareholders by acquiring, leasing and then selling aircraft.
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Can't be many days left until we hear news on A6-EDP, as the lease expiry date for the Aircraft is 14 October 2023.
Will this be an emirates buy for the DNA value $30M, or a $12M return and a half life hand shake ?
Https://mediaoffice.ae/en/news/2023/May/11-05/Emirates-Group-announces#:~:text=Group%20revenue%20of%20AED%20119.8,(US%24%2011.6%20billion).
Many thanks for this.
Did you look at any of the reports, or the information contained in them ?
Maybe worth a look, https://www.rns-pdf.londonstockexchange.com/rns/1633W_1-2023-4-13.pdf
Am l right in thinking 2023 is the final year of lease of the 12 year lease or is it next year? Meaning is there only 2 more divi payments remaining after 28th April 2023?
Dubai Airport Beats traffic passenger forecast recording for 2022 66,1 million passengers...... the reopening trends continues....
The demand for wide-body aircraft is on the rise. The Wall Street Journal points out that aircraft lessors are putting their largest planes back into service as airlines try to keep up with travel demand. In particular, Boeing and Airbus are reportedly trying to secure new orders for larger planes, while airlines such as British Airways, Lufthansa and Qantas Airways will return to flying their Airbus A380 double-decker jumbo jets. However, the Wall Street Journal warns that aircraft makers are wary of ramping up production due to long-term trends: Prior to the pandemic, airlines had shown a growing preference for narrow-body long-haul aircraft, which they are easier to fill and more fuel efficient.
I bought a load of these last week! I rechecked all the admin fees and it turns out it's pretty negligible.
This is interesting:- Doric Nimrod One. Using old aircrafts for spare parts.
https://www.youtube.com/watch?v=GY9X3-IZNM8&ab_channel=SimpleFlying
I did another top up today ex dividend coming soon .. and re rating going to continue, at the moment there is no alternative airplanes fto substitute A380 in market if trend continues like this.. it will all be good- GLA
Yes good Article from Wall street Journal, the key will be re leasing the airplanes, at a favourable price, it is true that Emirates is the only interface at the moment but I m sure in the market there are other Airlines operators interested in A380 planes this is also incredibli falling in the right time for Doric...... lets wait and see in the meanwhile cash the geerous Dividend
Alex
GLA
Nice article in Wall Street Journal about Dna family
Part of that cost is repayment of Loan, honestly I would not be too worried about the cost but I m keen to take a chance with this fund for the following reasons:
1) The share price has tanked from 2,15 to 0,9 actual price looking at the graph this was due to the Covid and not the war, the bigger airplanes like the A380 are the last one to get on shedule as they need to fly with high seat occupancy, Emirates stated that they plan to continue to put back in service the the A 380 during 2023. my opinion on this is that the discount gap should slowly close.
2) The dividend at the actual cost is appealling 18% yearly aprox
3) an istitution has been buying the shares this is a sign that it is likely that at the end of leasing the airplanes will be sold or re leased.
4) There is a tight market for new airplanes a lot of airlines have cut back orders due to the pandemic this puts Doric in a good spot having airplanes with less than 50% life available for Sale or lease.
I m happy holding the title the dividend is also Tax free for individuals living in UK or Friendly Jurisdiction(Dubai)
Try this one, my broker is a UK based platform.
DNA2
https://www.ii.co.uk/investment-trusts/doric-nimrod-air-two-ord/LSE:DNA2
Regulatory documents.. if you read the KID. page 3. Ongoing costs
DNA3
https://www.ii.co.uk/investment-trusts/doric-nimrod-air-three-ord/LSE:DNA3
I've contacted my broker for clarity.
I can t open the links this is the only thing i found: Under the Asset Management Agreement, the Company will pay Doric a management and advisory fee of GBP250,000 p.a. (adjusted annually for inflation from 2013 onwards, at 2.25% p.a.), payable quarterly in arrear. Doric will also receive a fee for its sales and remarketing services upon disposition of the Asset and subsequent winding up of the Company.
The above is not new it has been there since inception, I paid 5 gbp for buying 30k worth shares from a swiss trading platform. No additional commissions, the shares are 8% undervaluated at the moment.
Try these links?
DNA2
blob:https://www.ii.co.uk/05516c04-328c-48c7-b5cd-72fbc9a95871
blob:https://www.ii.co.uk/5cbaefe2-bd1e-4280-ae07-f3443f506fc3
DNA3
blob:https://www.ii.co.uk/d28d31b5-84b1-43df-b877-cac185bb67fb
blob:https://www.ii.co.uk/07d103ef-d7cb-4dad-99df-b9823cd62527
It's the Key Information Document which warns everyone of the particular type of fund and charges etc. These charges are enough to convince me not to invest in DNA2 or 3. If your broker is charging significantly lower charges then this is a cracking fund to invest in. It will have to be significantly lower charges!
I'm not fully sure if the links below will work for you since l got this when logged into my nominee account.
DNA2
blob:https://www.ii.co.uk/6cad9b92-f500-4294-b538-99d774f209df
blob:https://www.ii.co.uk/4afa7ac4-2758-4adc-b353-3ab8c788a23f
DNA3
blob:https://www.ii.co.uk/8dd62c79-aece-4f86-8a6c-d85fc653753a
blob:https://www.ii.co.uk/93ff2867-2d66-4422-96de-10e0b0c080ca
IMO the divi is touching 19% and will get eaten away by the ongoing charges. There's better opportunities out there with less ongoing management charges.
HAPPY NEW YEAR indeed! :-)
that sunds like high charges for a Broker I just bought the shares, these charges must be part of the agreement they have in Place with the Share fund and not something new.... I would be happy to collect the 17% dividend and the cost I paid for the shares.........where did you read of these charges ... I will take a look thank you and a Happy prosperous new year to you
ii are charging 7.44% for DNA2 per annum and 12.26% for DNA3 per annum? These are exceptionally high charges? Anyone prepared to share what their brokers are charging?
As I understood the A380 are expensive to run especially if run not at full capacity, but to order new planes and replace them is not easy task and there is high probability that the Airplanes will be bought from Emirates, the lease plan does not include additional extension it is possible anyhow that the airplanes will be re leased at a much lower rental rate i m not sure how this would affect the dividend and share price, there has been recently a purchase in the stock from a financial company, I think financials do not invest unless they see a lucrative pahway... this is the main reason I invested for......I wish you a happy prosperous new year ))
I am also a new investor in DNA2 having recently bought some in my ISA. Here's a link to their recent half yearly financial report to further your research. https://www.rns-pdf.londonstockexchange.com/rns/9093J_1-2022-12-15.pdf
I wonder if there is a demand for the A380 that the leases might be extended?
I just invested today Hope i did not do a fool thing,...... not too much research on this type of fund share.....
looks like they have a thesis about aircraft shortage and Emirates - interesting
Also seems to of added here .
https://www.lse.co.uk/rns/AA4/holdings-in-company-das1wa7mqoa0pg1.html
Oddly ignored events at the DNA aircraft funds
Elliott IM has a track record for buying into special situations and ‘shaking things up’, which is I would argue something of a euphemism. So when it appears on the share register it is always worth asking - what are they up to?
So, let’s ask that question of the aircraft leasing funds, specifically DNA 2 - one of my favorite stocks - and DNA 3, its sister fund. Both own lots of A380s which are leased to Emirates. These planes may or may not be worth nothing or $12m each or $18m or even $30m - I genuinely don’t know the answer because the key player here WAS Emirates. If it wants to carry on flying its A380s, and by all accounts, it does, then maybe those planes are worth closer to $18m or even $30m (the latter is unlikely in my view).
Anyway, we have a new player on the scene in the shape of Elliott who might now be a key player.
Earlier this week Weiss sold its stake in DNA2, presumably having made a decent profit. Here’s the RNS of the sale:
https://www.londonstockexchange.com/news-article/DNA2/holding-s-in-company/15675694
Then Elliott IM bought a big stake in DNA 2 which now amounts to 11.25%: the RNS is here :
https://www.londonstockexchange.com/news-article/DNA2/holding-s-in-company/15675717
Now Elliott has also, in September bought a stake in DNA 3 amounting to what looks like 14%. The RNS is here:
https://www.londonstockexchange.com/news-article/DNA3/holding-s-in-company/15642576
What is Elliott up to? Do they think they can get the terminal value of those planes higher by doing some ‘two for one’ deal with Emirates? Who knows - I certainly don’t but I would observe that the DNA 2 share price has come off recent highs at around 87p and the generous dividend is still being paid.
signals 1.53 returns over 2 years v 93p buy now. Not baddish - quite goodish