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Shares down 7% on well trailed results so nothing new there. It was always going to be about 2022/3 so if your of nervous disposition best move on now.
Unfortunately holding stock in Small Cap Aim companies means sp action and trading vols are way way less than stocks on the 250, Ftse etc.. For instance GMMAs 90 day av volume is only 8000 shares so without constant news flow the sp rarely moves outside of RNS notices.
With a low mrkt value of £42m and declining revenues in the last 5 years I think Gama is now undervalued and imo trades at a goodly % below fair value. But its not all roses as net debt of c.$48m is a worry without a major recapitalisation should creditors come calling as liabilities swamp cash and receivables. However I think that's very unlikely.
So that aside, I'm sure GMMA will out pace others despite its poor performance over the last 5 years, as the Co is on a much sounder footing now. Given its spread of businesses here in the UK, US and UAE take over prospects are a real possibility at this price.
Hardly any action today. Need Rivaldo to dig up some article to spice things up.
Looking on the bright side Dr K...
I very much doubt we will see 70p today.
Mrkts are looking much more cheerful this morning as Asian stocks have turned upwards and Wall St is called 200 plus better at open. London after yesterdays sell off is set for a near 100 gain at the bell.
Be good if GMMA could clear 70 setting us up for results due shortly.
If it was a short that was a brave but foolhardy bet imo especially so close to the results. Good luck if it works out but too racy for my taste.
Good to see the 50k sell yesterday - should help to assist with the liquidity.
Also looking to pick a few at low 60s.
Have steadied after yesterdays wobble on the Street of no shame. The ftse is called 40 down the Dow up 45 (latest) so I think its unlikely we'll see a shake out in GMMA stock. I was hoping to pick a few more up sub 62.
Code 200 i.e I need Shares badly but do not take the stock down
GMAA will have made us retire early by then :)
Dr Kaboom, its the "keep the buggers" in the dark syndrome so beloved of the 'dark web'....won't be long before no trades are announced!
Strange that the 30000 buy is marked as “unknown “
Delayed 30k buy from this morning now published
A fair bit of speculation going on re the chances of a bid for GMMA. Given Simon To paid considerably more than current I cannot see him agreeing to part with his stock sub 100. Of course he might well try a low ball offer of 80 himself which would be laughed out of court imo. With results imminent GMMA remain a very strong buy.
Morning Rivaldo...the good news keeps on coming, let's hope the mrkt is paying attention!!!
Thanks Rivaldo. GMAA to the moon.
This news is interesting.....
"Gama Aviation’s Sharjah, UAE-based FBO saw a record-breaking year last year and expects to make major announcements on the expansion of its more than 40-aircraft fleet in the coming months"
"Murphy said the company had seen bright starts to the year across all of its FBOs, each of them performing above forecasts and enjoying increased movements in 2021"
Https://www.ainonline.com/aviation-news/business-aviation/2022-05-17/gama-aviations-sharjah-fbo-sees-record-year
Extracts:
"Gama Aviation’s Sharjah FBO Sees Record Year
by Peter Shaw-Smith
May 17, 2022, 2:23 PM
Gama Aviation’s Sharjah, UAE-based FBO saw a record-breaking year last year and expects to make major announcements on the expansion of its more than 40-aircraft fleet in the coming months.
“[The year] 2021 went from strength to strength. It was a record-breaking year, and Sharjah FBO movements were up about 30 percent on pre-pandemic volumes,” Tom Murphy, head of FBOs and aircraft management specialist at Gama Aviation Sharjah, told AIN. “We managed to retain a number of new clients that now happily use our location as the closest alternative to DXB for downtown Dubai.”
"Murphy said the company had seen bright starts to the year across all of its FBOs, each of them performing above forecasts and enjoying increased movements in 2021."
A few 25k transactions reported with delay. To the moon.
To the moon, Rivaldo.
Hmmm...20,000 shares just reported bought at 68p, when the full published offer price is currently 65p.
Very keen!
Morning mcco, luckily for me Gama wasn't on my radar 5 years ago though that didn't stop me losing bundles on med device stocks and blue sky-no-hope-miners!
Hope you recover some of your losses in time but in the small cap sector we're fighting mrkt indifference where just about the only thing that will move an sp is a bid and they don't come along very often.
Though in saying that one of my long'term holds just rec'd
a bid 170 above what I paid.
Was I in? Was I ucfk! Grrrrr!
John,
I bought in at 238 about 5 years ago at what is near a 5 year high! I’m just envious of you
In the meantime the audited accounts had to be amended as a credit of c1mn pound was double counted and yet no action seems to have been taken against the auditors
I had hoped that Simon To’s investment would have bucked things up
Best of luck to you with yours
Simon To bought millions at around 100p. Takeover at 137p
Evening mcco...
True, but I'm not too worried about paying a 52 wk high, if I did I'd never buy a share for waiting for the price to go down. I don't view buying or selling stocks against high/low parameters, more on what i consider the share is intrinsically worth and hopefully what the sp will be two or more years down the line.
The stock may well be at a 52 high but in 2 months time it could well be at another 52 high, no'one knows. I haven't been invested here long enough or accumulated enough shares to smooth out the ups'n downs so it's very much a case of buying now and hoping I've called it right. As most of don't have crystal balls to help us its about all one can do.