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Yes indeed. Glad i ignored Questor advice to get out when sp at all time low..staying with them for the long term.
Moving higher again after a 25,000 share buy at 72.5p this morning.
Agreed, good to see everything progressing smoothly.
This is actually excellent news. I guess a few were getting nervous as the 31st deadline was approaching but glad to see that the debt facility was fully repaid.
Good news GMMA has repaid the HSBC £20M term loan in full.
https://www.reuters.com/business/aerospace-defense/air-finance-summit-tackles-jet-shortages-amid-china-travel-thaw-2023-01-16/?taid=63c5308d878c9f0001f3486d&utm_campaign=trueAnthem:+Trending+Content&utm_medium=trueAnthem&utm_source=twitter
This notes the uptick in activity and the need to bring mothballed planes back into service which requires special additional maintenance support. This should all work to GMAAs advantage and help the share price recovery.
Looking forward to the next market update which should give detail over new credit loan facility and progress on the Statesville hangar facility acquired in October last year.
Bought a few more yesterday. As global economies recover over the next couple of years Gama could be an interesting play on the uptick. It wouldn't take much interest to move the dial positively on the share price.
Continuing to rise. Nice 7k buy at 72p just now, a full 1p above the published 71p offer price at the time. Keen.
Certainly looking strong at present.
Hpefully the final confirmation on the remainder of the new facilities will be RNS'd soon - certainly by the 31st January.
GMAA is usually pretty illiquid, but given the extremely low volume of trades - many of which have been sells anyway - I assume there's a relatively large buyer in the background soaking up stock.
The trading update in December was relatively encouraging, being in line with management expectations and showing overall continued "solid" trading in H2 - this is perhaps an improvement on the outlook in the interims, which stated H2 margins would be impacted by inflation etc.
Unfortunately we have no way of knowing what those expectations are, since there's been no WH Ireland note for aeons AFAICS. WH Ireland really must get forecasts out with the 2022 results - otherwise I have no idea what they're being paid for.
Shares are so lightly traded and tightly held that whenever a buy comes in, it appears there is a struggle to find sellers. Very difficult to assess the intrinsic value of the Company. I guess if an institution starts sniffing around for shares the price will fly (pardon the pun).
Up about 20% in the last month on very little and small trades
Why?
Has anyone got any clearer insight into the financing side please? I bought in at the start and have watched it crumble away and now wondering whether the fact they've raised funding on the US business only rather than the group, in the last month before they needed to find £20m. I'm no investor at all (these are literally my only shares), so don't always understand the machinations of it all and honestly just wondering whether to cut and run or hold out for the 400p that was the original aim! THink I may know the answer, and hindsight is amazing.
One would hope so rivaldo but it's a tough competitive market of which I think we're best placed. As per the August 8th update GMMA are not the most forthcoming when it comes to putting 'flesh' on the nos.
Next major update due March 2023 for nos to Dec 2022 which should prove a lot better than last years which were impacted by covid and the global economy.
If reports are anything to go by GMMA is recovering fast and can build on the bounce started earlier this year. As ever there is a "But" all the technicals were registering "Sell" but have recently moved to strong "Buy". If sentiment to the sector has really changed our current mrkt cap of £38m is a steal.
Morning all.
GMAA are looking for a boost from the World Cup at their base in Sharjah:
Https://www.businessairportinternational.com/features/flying-to-the-word-cup-in-qatar.html
"For Tom Murphy, head of FBOs and aircraft management specialist at Gama Aviation, which has an FBO in Sharjah, a city close to Dubai, incentives and being aware of Qatar’s guidelines will be essential. “Our FBO is an alternative for those flying into Dubai, with the airport in Sharjah a little quieter, so you tend to get through a bit quicker,” he says. “We’ll be starting a World Cup promotion offering free parking, and we’ve had a lot on enquiries around the games so far – a real mixed bag of business jets and commercial aircraft looking to base themselves here, flying back and forth to Qatar, and then the business jets are either operators chartering the aircraft or private owners looking to go to the tournament."
Another excellent add-on to Gama's expanding portfolio of businesses as the company win a 7 year contract (subject to confirmation) for the operation of 4 new air rescue ambulances which more than doubles the size of our fleet.
While the response from investors was muted, no surprise there, the sp is up 34% ytd on a mrkt cap of just £41m. At the interim stage net bank debt is down with cash balances a healthy $39m and credit facilities of $19m.
Gama Aviation has its mojo back and i'm very happy to be invested. I'm expecting more good news before the year end.
No doubt about 2 excellent add-ons to GMA's portfolio of businesses. GMA has been a very poor performer since the sp hit 267 ways back in 2018.
However recent activity gives long-termers hope that the Co is on a turnaround and has a good spread of businesses heading into the next few years.
Yesterday's vols were very much above average daily and hopefully will attract a new bunch of investors to the company. Capitalised at just £41m with manageable liabilities GMA is a solid hold imo.
Thanks Jutland
Missed it because it came in after hours yesterday
Check the RNS feed - big new contract for offshore helicopters
Suddenly on trades of only £20k we get a lift of 17%
Anything happening?
Gama Aviation nos please, reducing debt, increasing revs and net cash of $39m bode well for H2 if we can escape the worst of the rise in inflation and rate hikes peaking at 6%? Solid hold.
Pathetic response from the mrkt I'm afraid however good a company results are, they will be ignored. Its a fact of life these days noone wants to be a buyer of risk assets preferring to load up on t/bills at 2•25% cementing a certain 10% loss. It might make sense to some but not to me!
'Shortly' is mrkt speak for sometime 'never'. Expect H/Y nos in the 2nd wk of Sept 2022.
Comparatives Rev ($93m)/GP ($16•7m)/ebit L$2•2m/ net debt £72m/112pps.
Any ideas on when "shortly" might arrive Dr and the brakes come off?
The CFO post was conditional on the refinancing. Now that he has been made permanent, we should hear on the refinancing shortly. This is one of the main things holding this back, so let's see whether the brakes comes off, albeit at slightly higher financing rates.
Quiet, someone still loading. 25k buy.