Doric Nimrod 3 Share Price (DNA3)

Emirates have been talking in last few days of bunging Airbus a 10 billion sweetener to get Airbus to re- make the A380! Also Elliott Investors bought 14% of DNA3 years ago.....not just for the fat divi but also to talk up their resale value at end of lease, I'm sure. They will do a better job at it than SABA . New , those planes cost close to half a billion dollars. Today , you could pick them up for north of 40 million dollars a piece (hopefully more courtesy of Elliott) . And these are well maintained low hours aeroplanes which were unused for the COVID times. If it were 40 million GBP then that would be 72p . My hunch is that Elliott will screw the board onto the floor to maximize their return......especially with regard to the above!!! I would not be surprised to see something approaching 80p with full wind up returns.

I guess if they sell for 40m per plane that works out at 58p per share

November 2025 is getting nearer. What are your thoughts on how things are going to shake down as the leases expire?

London South East

Oriole Resources paving the way for Cameroon’s first gold mine. Watch the interview here.

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DNA2 Live PriceLast checked at

17:48:59

Share Price Information for Doric Nimrod 2 (DNA2)

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Share Price:

140.50

Bid:

139.00

Ask:

142.00

Change:

16.50 (13.31%)

Spread: 3.00 (2.158%)Open: 126.00High: 140.50Low: 138.00Prev. Close: 124.00

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SALE OF REMAINING FIVE ASSETS

Today 07:00

RNS Number : 1622B

Doric Nimrod Air Two Limited

21 August 2024

This announcement is deemed by the Company to constitute inside information as stipulated under the Market Abuse Regulation (EU) No. 596/2014 which forms part of domestic law in the United Kingdom pursuant to The European Union Withdrawal Act 2018, as amended by The Market Abuse (Amendment) (EU Exit) Regulations 2019.

21 August 2024

DORIC NIMROD AIR TWO LIMITED

SALE OF REMAINING FIVE ASSETS

Doric Nimrod Air Two Limited ("the Company" or "the Lessor") is a Guernsey investment company with its 123,392,956 ordinary preference shares admitted to trading on the Specialist Fund Segment (SFS) of the London Stock Exchange's Main Market. The Company purchased seven Airbus A380-861 aircraft from October 2011 onwards, which were each leased for twelve years to Emirates, the national carrier owned by The Investment Corporation of Dubai, based in Dubai, United Arab Emirates. The first two aircraft purchased by the Company were manufacturer's serial number MSN 077 in October 2011 and MSN 090 in December 2011 and these were both sold to Emirates in 2023 following the end of their respective leases, with a total of £59.229 million being distributed to Shareholders in late 2023, leaving the Company with five remaining Airbus A380-861 aircraft, manufacturer's serial numbers (MSNs) 105, 106, 107, 109 and 110 ("the Assets").

The Company is pleased to announce that it has now reached agreement with Emirates that, at the respective lease end dates ("Lease End Dates") for each of the remaining five Assets, currently expected to be between 1 October 2024 and 30 November 2024, the Company will sell the respective Assets to Emirates. The sale proceeds to be paid by Emirates to the Company are £30.71m in respect of each Asset (equivalent to US$40m per Asset, an aggregate combined total of US$200m or £153.53m for the five Assets).

Until the Lease End Dates, th

Today's upward buying pressure must mean something.....