Member Info for surprised

https://twitter.com/surprised_trade/status/1246724699868053506

Air Partner’s ROCE is meaningfully better than the 11% industry average. This is positive as it uses capital more effectively than other similar companies. Regardless of the industry comparison, in absolute terms, Air Partner’s ROCE currently appears to be excellent.

Hi Codey
I'm sure you are correct that some folk will be looking for a quick 10% from these lows, no problem with that, it provides liquidity and a mix of investment/trading stategies is always a benefit to any share as we all have different risk levels, time frames and views of potential value etc, hence why some of us have been invested for a while a little higher up the sp ladder (before the mkt crash) I've averaged down a bit as stated in earier posts, as I think if I liked a company that has potential greater value and a drop in sp is not company specific it simply means I can get more for less if I am abe to add to my holding.............The board have been very quiet as stated however we know that Tangent have been ever increasing their stake here, as have CIP Merchant , whilst the 'almost' news blackout continues . Tangent have aso added one of their own to the board and with their large holding it has all the potential hallmarks of a takeover at some point, not a given but possible. The new focus on different platforms, youtube etc appears to be going well on last update and clealry has huge potential upside. The concern about a cheap takeover is not a concern of mine as the sp is not the deciding factor as the business and sp often have a real disconnect, as here currently..the business value is more likely determined in the figures in my post on Friday below, that was originally posted a few weks ago an extract of which is ......''This means that the business is effectively being valued on a single-digit multiple of annualised cash profit, a valuation that CIP’s investment managers believe fails to acknowledge the company’s growth potential from its market leadership, with the benefits of the operating leverage still to be exploited.'' .......I would assume that value appreciation has not changed in 7 weeks, just the sp and that is disconnected from the real value at various times in the journey of a company as we know. The low sp does provide Tangent or Cip the opportunity to secure more for less, as it does us and allow Tangent the chance to bid if they go over the 30%, they may not wish to currently, they may well try. important to remember that a realistic valuation closer to 3p was the initial target before xmas. As an online platform operator I woud suggest BBSN has as much potenetial going forward now as then, retail, leisure, travel will struggle for a time, clearly on a lockdown, where on-line is cleraly where it's at, certainly currently. Advertisers I'm sure will be adjusting their stance and seeking popular platforms....all to the benefit of BBSN looking ahead. With last known cash levels against mcap, increasingly larger stakes by the iii's and the new team steering BBSN the potential and increased value from current sp levels seems clear, it was cheap at 1.2p -1.5p, it is certainly cheap today at under .80p ;-)

https://twitter.com/surprised_trade/status/1245602806813188103

https://twitter.com/surprised_trade/status/1246090183872786440

'We have just published a Freight market update and are continuing to secure availability for aid and relief flights.'

bid ..creeping up again .current 25.2p it's being well controlled as it gradually climbs ;-)

The Group's trading performance in 2020 to date has been in line with expectations. No orders have been cancelled
continuing operations of £49.4 million for the year ended 31 December 2019
cash balances (including cash held for investment in Xaar 3D) were £25.3 million at 31 December 2019. +on going income ..
new investment prtnr, importanty valuation is less than the value of its current assets less all liabilities at £47m no earnings priced in, what is described as a net-net stock

here's copy of earlier post on this board from 7.2.20, provides a quick overview of potential, ...where's everyone been, lol ...
highlighting opportunity re BBSN

''CIP Merchant Capital holds a £0.84m stake in Aim-traded Brave Bison (BBSN), a company that works with brands, creators and platforms to create, distribute and monetise video and derives its revenue from advertising and fee-based services. Brave Bison retains net cash of £3.9m, a sum that backs up half of its market capitalisation. This means that the business is effectively being valued on a single-digit multiple of annualised cash profit, a valuation that CIP’s investment managers believe fails to acknowledge the company’s growth potential from its market leadership, with the benefits of the operating leverage still to be exploited.''

https://twitter.com/surprised_trade/status/1225868707819380737

the bid ...it is a creeping up :-)

a gane of 'attrition' in some repsects here for a short while..AXA have a reduction to complete as we know as mcap dropped under £50m (as funds follow rules not market moves..so much for fund managers eh, and once it gets to £50m again they'll buy in fot the future potential !)...Scroders have been a keen buyers and have bought lowest 36p and last known a few weeks ago at 48p..both want best price from here but pi's have regognised the overdone drop and value on the fact the figures speak for themselves as detailed earlier....clear potential for those who can invest to let it play out and an iniial 35p -40p target is clear based on basic calculations , however, higher value of £50m+ mcap is evident going forward.....I can wait for it to play out ;-)

We have had a vast number of enquiries from affected clients...

'With a large amount of our clients with employees in hard to reach destinations continuing to work on large projects such as oil & gas, or consultancy – it is business critical that they have an emergency evacuation plan in place for their employees

'we stand by ready to assist in repatriating staff who have become stranded in order for clients' operations to continue in the future'.

https://www.airpartner.com/en/blog/air-evacuations-in-the-wake-of-the-covid-19-outbreak/

Air Partner update 2.04.20

https://www.airpartner.com/en/blog/air-evacuations-in-the-wake-of-the-covid-19-outbreak/

https://twitter.com/realDonaldTrump/status/1245720677660925952

Trump says expects at lest 10m barrel of oil cut ....

cnbc news ;-)

step by step, never a straight a line up, as we know, and important to have the odd pull back to build support on any upward trend as it provides a more sustainable price going forward.....all on track on all fronts, technically (charty stuff) and fundamentally :-)

https://twitter.com/surprised_trade/status/1245710601365700609

it's a net-net stock, you don't find them often, we have here :-)

https://twitter.com/surprised_trade/status/1245696094060843010

dividend not ruled out and with ....'strong start to the financial year, each month generated profits well ahead of both budget and the prior year''Order book for April is encouraging, with the increase in Freight activity witnessed in March continuing.' 'receiving enquires for further logistical support at this critical time'Air's 'Redline' won two new long-term contracts in March and the details of these will be announced shortly'Our positive cash balance give the Board confidence that Air Partner is effectively positioned''continuing to work with the UK government to assist British citizens overseas. Further work of this nature is likely to occur in April. ''Freight volumes will increase in due course as supply chains recover, and in our experience of prior outbreaks, it is likely that they will surge sharply once aid projects begin to ship supplies, equipment and personnel to affected areas'..........a diivdend payment has a good evens chance and at around 11% would be a welcome bonus

combined with recent fundmental news..all on track

https://twitter.com/surprised_trade/status/1245649310487695363

world leader in industrial inkjet tech, net cash approx £25m, mcap £17m Revenues of 49.4 million, new investment prtnr & slimmer operation, importanty valuation is less than the value of its current assets less all liabilities at £47m – therefore no element of earnings priced in, what is described as a net-net stock :-)

a net-net stock (look it up)