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Pin to quick picksAvation Share News (AVAP)

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Share Price: 133.00
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TRADING UPDATES: Avation wings clipped by virus; Zaim swings to profit

Thu, 30th Sep 2021 11:21

(Alliance News) - The following is a round-up of updates by London-listed companies, issued on Thursday and not separately reported by Alliance News:

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Avation PLC - Singapore-based passenger aircraft leasing - Covid-19 hits performance in year ended June 30. Revenue falls 13% to USD117.7 million from USD135.3 million in year prior. Swings to USD70.2 million pretax loss from USD14.6 million profit, citing "impairment losses of USD87.4 million and expected credit losses on receivables of USD25.4 million recognised for the year, reflecting the Covid-19 disruption to the leasing industry." Avation says it offered USD25.9 million in rent deferrals to customers during financial year. Executive Chair Jeff Chatfield says financial was one the company's "most challenging" ever.

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Zaim Credit Systems PLC - Russia-focused fintech - Net interest income for six months to June rises 57% year-on-year to GBP4.2 million from GBP2.7 million. Zaim swings to a pretax profit of GBP296,000 from a GBP1.3 million loss a year prior. Issues GBP11.4 million worth of loans during period, up from GBP4.1 million a year earlier.

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MobilityOne Ltd - e-commerce infrastructure payments and platform provider - Revenue in six months to June 30 rises 9.0% to GBP130.7 million from GBP119.9 million a year earlier. Pretax profit largely flat at GBP1.4 million, however. MobilityOne "remains positive on its business outlook" for the rest of 2021. Looking further out, it expects a UK regulatory verdict on its application to provide e-money services in the second quarter of 2022.

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WANdisco PLC - Sheffield-based data-management software company - Revenue in half year to June 30 falls 7.5% to USD3.4 million from USD3.6 million a year before. Pretax loss widens to USD20.3 million from USD13.9 million. "The disappointing first half performance linked to delays with general availability with the Microsoft product led to a smaller volume of consumption deals in H1. As the first Microsoft partner that has a deeply embedded solution, it remains strategic to Microsoft given the uniqueness of our technology," WANdisco says. In addition, WANdisco says it wins deal with "one of the world's largest telecommunications companies" to assist with migrating analytical data to the Microsoft Azure cloud. The USD1 million pact has a maximum term of five years.

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Napster Group PLC - London-based music streaming company - Revenue in six months to June 30 jumps to GBP32.9 million from GBP189,932 a year earlier. Pretax loss stretches to GBP15.5 million from GBP10.7 million a year prior. The company, formerly known as Melody VR Group PLC, changed its name in February after sealing the reverse takeover of Rhapsody International Inc, which owned Napster, a pioneer of music streaming.

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Vela Technologies PLC - Bingley, England-based investment firm focused on technology - Does not generate revenue in year to March 31 but swings to pretax profit of GBP380,000 from GBP1.4 million loss. Reports GBP666,000 gain from fair value movements on investments, compared to GBP979,000 hit the year earlier. "The company's improved position has quite naturally generated a significant flow through of new investment opportunities and each is robustly reviewed by the board for its future benefit to the Vela portfolio. We continue to remain open to new opportunities that fall within the constraints of the company's investing policy," Vela says.

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TruSpine Technologies PLC - medical device company - In the financial year that ended March 29, pretax loss widens to GBP651,181 from GBP343,957. TruSpine generates no revenue, unchanged from year prior. The company listed on Aquis Stock Exchange Growth Market in August 2020, raising GBP1.4 million. "We are a lean and progressive company with a suite of products and IP that have the potential to provide a potential quantum shift in patient treatment within the Spinal Fixation market, and with our IPO now recently completed we are very well positioned in terms of funding and corporate profile. The board therefore looks to the future with confidence," TruSpine says.

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Advanced Oncotherapy PLC - London-based proton therapy system provider - Generates no revenue in six months ended June 30, unchanged from prior year. Pretax loss widens to GBP12.8 million from GBP12.2 million a year earlier. Administrative expenses rise 13% to GBP11.0 million from GBP9.8 million. Advanced's Light proton therapy system is one of its key products. It warns timing of delivery of first Light system "could slip" to first quarter of next year from second half of this year. "This is a result of increased supply chain lead times for further ancillary items for the Light system due to the knock-on effects of previous Covid-19 restrictions, namely the international shortage of semi-conductors and thermo-switches," Advanced Oncotherapy says.

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Aberdeen Standard European Logistics Income PLC - European-focused logistics real estate investor - Net asset value per share rises 3.3% to EUR1.24 on June 30 from EUR1.20 at December 31 year-end. Rent collection during first half of 2021 was 99%, Aberdeen Standard European says. Maintains interim payout at 2.82 euro cents.

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By Eric Cunha; ericcunha@alliancenews.com

Copyright 2021 Alliance News Limited. All Rights Reserved.

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15 Dec 2023 12:19

IN BRIEF: Avation completes refinancing of four aircraft

Avation PLC - Singapore-headquartered commercial passenger aircraft leasing company - Refinances four leased aircraft under a loan facility for a portfolio of aircraft provided by Investec Bank PLC. The interest rate on the loans has been fixed at drawdown and the loans mature between May 2026 and November 2027. Chair Jeff Chatfield says: "We are pleased to complete this refinancing in the ordinary course of business with a leading bank. Our view is the bank market remains constructive for routine aircraft finance transactions."

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4 Dec 2023 11:58

IN BRIEF: Avation successfully delivers Airbus A320 to Cebu Pacific

Avation PLC - Singapore-headquartered commercial passenger aircraft leasing company - Says that, further to a previous announcement in September, it has delivered an Airbus A320 aircraft to Cebu Pacific, a Philippines-based low-cost carrier. The market rate operating lease is for a four year term. Says that the aircraft was successfully transitioned from a previous operator following scheduled maintenance checks and reconfiguration.

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23 Nov 2023 13:06

Avation gets takeover approach but ends talks, says well-positioned

(Alliance News) - Avation PLC on Thursday revealed it was approached this summer about a potential takeover offer, but it has since ended the conversation, noting that it is well-placed in the current business environment as a public equity-backed aircraft lessor.

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16 Nov 2023 15:54

UK shareholder meetings calendar - next 7 days

Friday 17 November 
Future Metals NLAGM
Red Rock Resources PLCGM re allot equity securities
Rockpool Acquisitions PLCAGM
Saietta Group PLCGM re annual accounts and reappointment of auditors
US Solar Fund PLCGM re change of investment policy
Monday 20 November 
Hellenic Dynamics SAGM re share subdivision and share reclassification
McBride PLCAGM
Mountview Estates PLCGM re re-election of directors
Ondo InsurTech PLCAGM
Rainbow Rare Earths LtdAGM
Seraphim Space Investment Trust PLCAGM
Tuesday 21 November 
Berkeley Energia LtdAGM
Currys PLCGM re proposed disposal of Kotsovolos
Custodian Property Income REIT PLCGM re articles of association
Physiomics PLCAGM
Starvest PLCGM re cancellation of listing
Trainline PLCGM re capital reduction
Wednesday 22 November 
Castillo Copper LtdAGM
Celtic PLCAGM
Crystal Amber Fund LtdAGM
Genus PLCAGM
GreenX Metals LtdAGM
Leeds Group PLCAGM
Wilmington PLCAGM
Thursday 23 November 
Avation PLCAGM
Bradda Head Lithium LtdAGM
Europa Oil & Gas Holdings PLCAGM
Fiske PLCAGM
Hotel Chocolat Group PLCAGM
Pan African Resources PLCAGM
PZ Cussons PLCAGM
Rosslyn Data Technologies PLCAGM
  
Copyright 2023 Alliance News Ltd. All Rights Reserved.

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3 Nov 2023 10:57

DIRECTOR DEALINGS: Avation exec chair sells; CAB risk chief buys

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28 Sep 2023 11:55

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21 Sep 2023 15:48

UK earnings, trading statements calendar - next 7 days

Friday 22 September 
Ascential PLCHalf Year Results
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First Tin PLCHalf Year Results
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Monday 25 September 
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Dialight PLCHalf Year Results
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Ondine Biomedical IncHalf Year Results
Real Estate Investors PLCHalf Year Results
SpaceandPeople PLCHalf Year Results
Spectra Systems CorpHalf Year Results
Transense Technologies PLCFull Year Results
Venture Life Group PLCHalf Year Results
Wilmington PLCFull Year Results
Tuesday 26 September 
Alliance Pharma PLCHalf Year Results
AG Barr PLCHalf Year Results
Animalcare Group PLCHalf Year Results
Asos PLCTrading Statement
Boku IncHalf Year Results
Card Factory PLCHalf Year Results
Cambridge Cognition Holdings PLCHalf Year Results
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Next 15 Group PLCHalf Year Results
Newmark Security PLCFull Year Results
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Origin Enterprises PLCFull Year Results
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Smiths Group PLCFull Year Results
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Copyright 2023 Alliance News Ltd. All Rights Reserved.

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11 Sep 2023 18:17

TRADING UPDATES: Avation enters new lease for Airbus A320 with Cebu

(Alliance News) - The following is a round-up of updates by London-listed companies, issued on Monday and not separately reported by Alliance News:

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5 Jul 2023 21:10

Avation optimistic of pipeline on return to air travel post-Covid

(Alliance News) - Avation PLC on Wednesday said that it has continued to benefit from the post-Covid return to air travel, as aircraft market values increased over the last half.

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10 May 2023 14:21

Avation signs new lease deal with airline in Pacific for six years

(Alliance News) - Avation PLC on Wednesday said it has entered into a new lease agreement with an unnamed airline in the Pacific for its final remaining aircraft from inventory.

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