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Pin to quick picksAvation Share News (AVAP)

Share Price Information for Avation (AVAP)

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Share Price: 143.00
Bid: 141.00
Ask: 143.00
Change: 1.00 (0.70%)
Spread: 2.00 (1.418%)
Open: 140.00
High: 144.00
Low: 139.00
Prev. Close: 142.00
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SMALL-CAP WINNERS & LOSERS: Zenith repays loan; Gore Street buys

Fri, 04th Mar 2022 10:52

(Alliance News) - The following stocks are the leading risers and fallers among London Main Market small-caps on Friday.

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SMALL-CAP - WINNERS

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Zenith Energy Ltd, up 1.9% at 0.82p, 12-month range 0.78p-1.33p. Fully repays unsecured convertible loan facility with a consortium of lenders worth GBP647,500. Chief Financial Officer Luca Benedetto says: "Our significantly increased revenue generation and associated profitability has enabled the company to progressively reduce its exposure to debt and improve its balance sheet. We shall look to continue this exercise as we generate additional financial resources by maximising our energy production activities across the portfolio."

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SMALL-CAP - LOSERS

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Avation PLC, down 3.3% at 88.00p, 12-month range 84.00p-124.00p. Says now only has three unutilised aircraft remaining from the 20 aircraft returned or repossessed during the pandemic. During analyst call on Thursday, announces three letter of intents signed encompassing 4 ATR 72-600 aircraft.

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Gore Street Energy Storage Fund PLC, down 2.6% at 114.49p, 12-month range 102.50p-118.00p. Completes acquisition of a 90% stake in a 28 megawatt hour operational energy storage asset based in Cremzow, Germany. "The acquisition of an asset in mainland Europe signifies an exciting opportunity for Gore Street, as it diversifies its exposure to new revenue streams across the inter connected European grid network," company says. Notes this deal is first step in strategy to diversify beyond the UK and Irish markets. Following the deal, the company's operating assets will have increased to 232 MW, and total portfolio assets under management increased to 629 MW.

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By Paul McGowan; paulmcgowan@alliancenews.com

Copyright 2022 Alliance News Limited. All Rights Reserved.

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4 May 2022 16:07

IN BRIEF: Avation signs payment plan to recover rent from client

Avation PLC - Singapore-based passenger aircraft leasing company - Enters into formal payment plan agreement with unnamed airline client for the client to repay sums advanced to it during the pandemic. Agreement replaces ad hoc arrangements with the client during the pandemic, and the client will return to full contracted rental amounts from July. Recovers arrears as amortising loan of USD25.9 million, repayable from January of next year, with an interest rate of 5.5% a year for a period of 24 months.

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3 May 2022 12:26

Avation calls for payment of Virgin Australia settlement

(Alliance News) - Avation PLC on Tuesday said it has pressed for a prompt payment of the settlement agreed with the administrators of collapsed airline Virgin Australia.

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4 Mar 2022 21:44

TRADING UPDATES: Resolute Mining ups mine life and mineral resources

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3 Mar 2022 19:32

TRADING UPDATES: Avation loss narrows; Franchise Brands profit rises

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3 Mar 2022 11:04

SMALL-CAP WINNERS & LOSERS: Galliford Try falls amid swing to loss

(Alliance News) - The following stocks are the leading risers and fallers among London Main Market small-caps on Thursday.

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24 Feb 2022 15:54

UK earnings, trading statements calendar - next 7 days

Friday 25 February 
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Copyright 2022 Alliance News Limited. All Rights Reserved.

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19 Jan 2022 15:55

IN BRIEF: Avation expects "gradual recovery" in air travel

IN BRIEF: Avation expects "gradual recovery" in air travel

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4 Jan 2022 13:58

IN BRIEF: Avation client Philippine Airlines exits bankruptcy

IN BRIEF: Avation client Philippine Airlines exits bankruptcy

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1 Dec 2021 17:37

Avation "optimistic" as trading conditions begin returning to normal

Avation "optimistic" as trading conditions begin returning to normal

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24 Nov 2021 16:01

UK shareholder meetings calendar - next 7 days

UK shareholder meetings calendar - next 7 days

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16 Nov 2021 13:44

IN BRIEF: Avation sells three ATR 72-600 aircraft to Aegean Airlines

IN BRIEF: Avation sells three ATR 72-600 aircraft to Aegean Airlines

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11 Nov 2021 18:36

TRADING UPDATES: Avation sells Airbus jet; Mode Global's bitcoin deal

TRADING UPDATES: Avation sells Airbus jet; Mode Global's bitcoin deal

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11 Nov 2021 11:03

SMALL-CAP WINNERS & LOSERS: Ted Baker back in fashion on narrowed loss

SMALL-CAP WINNERS & LOSERS: Ted Baker back in fashion on narrowed loss

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