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Avation

Current Price 145.00p Bid 135.00p Ask 155.00p Change -1.69%
Last Updated: 28/03/2020 17:24. Prices delayed by at least 15 minutes.
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Company Overview

Commercial passenger aircraft leasing company.

Financial Highlights Year Ended 30/06/2019

Revenue
$119.06m
Operating Profit/Loss
$77.17m
Dividend yield (%)
3.20
Total dividend for year
$0.1050
Dividend cover
3.83
P/E Ratio
8.20

Key Personnel

Roderick Douglas Mahoney
Chief Operating Officer
Robert Heese
Chief Financial Officer
Iain Cawte
Chief Financial Officer

Stock Details

EPIC
AVAP
ISIN
GB00B196F554
Shares in Issue
62.67m
Market cap
£90.87m

Analyst Views (2)

Strong Buy
 
100.00%
Buy
 
0%
Hold
 
0%
Sell
 
0%
Strong Sell
 
0%
This information is provided by Web Financial Group (UK) Limited. It is subject to change without notice and doesn't reflect view held by Redmayne Bentley and is not advice.

Price Summary

Mid Price
145.00p
Bid Price
135.00p
Ask Price
155.00p
Volume
30,241
Change Today
-2.50p
% Change Today
-1.69%
Open
147.50p
Previous Close
145.00p
Intraday High
147.50p
Intraday Low
135.00p
52 Week High
333.50p
52 Week Low
135.00p
52 week high and low figures quoted above are calculated from intraday price data.

Avation News

Avation sees solid growth in first half 28 Feb 2020 | 14:26 Two Avation aircraft to fly for Scotland's Loganair 19 Feb 2020 | 11:13 Avation exercises two ATR rights for US-Bangla Airlines 12 Feb 2020 | 15:30 Avation delivers second ATR 72-600 to Braathens Regional Airwasy 16 Jan 2020 | 12:04 Avation delivers second Airbus A321 to Vietjet Air 15 Jan 2020 | 10:47 Avation delivers first Airbus A321 to Vietjet Air 09 Jan 2020 | 09:53 Avation confirms takeover talks with potential suitor 06 Jan 2020 | 09:52 Avation delivers first of five 'greener' aircraft to Braathens Regional 19 Dec 2019 | 10:03 Avation repossesses its two Thomas Cook aircraft 04 Oct 2019 | 09:00 Avation delivers second new ATR 72 to US-Bangla Airlines 23 Sep 2019 | 10:14 Avation inks four-aircraft deal with Braathens Regional Airways 18 Sep 2019 | 11:31 Avation delivers new ATR aircraft to Cebu Pacific in Toulouse 29 May 2019 | 10:31 Thursday broker round-up 23 May 2019 | 14:45 Monday broker round-up 13 May 2019 | 13:55 Avation to lease four more A220s to airBaltic 18 Dec 2018 | 09:20 Wednesday broker round-up 03 Oct 2018 | 14:15 Avation pleased with performance after redeploying capital 06 Sep 2018 | 14:49 Friday broker round-up 04 May 2018 | 13:31 Aviation leases former Air Berlin aircraft to EasyJet 22 Dec 2017 | 09:42 Monday broker round-up 18 Dec 2017 | 17:00 Avation enters $100m aircraft revolving credit facility agreement 14 Dec 2017 | 12:24 Monday broker round-up 20 Nov 2017 | 13:58 Avation announces new debt issue and expanded aircraft options pipeline 16 Nov 2017 | 10:10 Avation completes $31m sale of six ATR aircraft 30 Jun 2017 | 11:15 Avation in talks with single buyer over ATR 72 sale 16 Mar 2017 | 11:13

Income Statement

Year End Date
30 Jun 2019
30 Jun 2018
 
$ (M)
$ (M)
Continuing Operations
Revenue
119.06
109.79
Operating Profit/Loss
77.17
57.21
Net Interest
-51.61
-38.29
Pre-Tax Profit
25.56
18.91
Profit After Tax from continuing operations
25.69
20.00
Discontinued Operations
Profit After Tax
n/a
n/a
Profit/Loss for the Year
25.69
20.00
Attributable to:
Equity Holders of Parent Company
25.69
19.99
Minority Interests
n/a
0.01
Total Dividend Paid
$0.1050
$0.0725
Retained Profit/(Loss) for the Financial Year
n/a
n/a

Earnings per Share

Year End Date
30 Jun 2019
30 Jun 2018
Basic
40.26c
32.20c
Diluted
40.10c
31.84c
Adjusted
40.26c
32.20c
Dividend per Share
$0.1050
$0.0725

Assets

Year End Date
30 Jun 2019
30 Jun 2018
 
$ (M)
$ (M)
Non-Current Assets
Property, Plant & Equipment
1,225.32
981.18
Intangible Assets
1.90
1.90
Investment Properties
n/a
n/a
Investments
n/a
n/a
Other Financial Assets
0.36
7.85
Other Non-Current Assets
46.07
12.32
Current Assets
Inventories
n/a
n/a
Trade & Other Receivables
11.65
7.11
Cash at Bank & In Hand
107.45
91.10
Current Asset Investments
n/a
n/a
Other Current Assets
n/a
2.00
Other Assets
n/a
48.74
Total Assets
1,392.75
1,152.20

Liabilities

Year End Date
30 Jun 2019
30 Jun 2018
 
$ (M)
$ (M)
Current Liabilities
Borrowings
72.60
71.70
Other Current Liabilities
15.94
17.04
Total Current Liabilities
88.53
88.74
Non-Current Liabilities
Borrowings
1,005.69
796.90
Provisions
0.18
2.99
Other Non-Current Liabilities
57.59
34.90
Total Non-Current Liabilities
1,063.46
834.78
Other Liabilities
n/a
0.50
Total Liabilities
1,151.99
924.03

Net Assets

Year End Date
30 Jun 2019
30 Jun 2018
 
$ (M)
$ (M)
Net Assets
240.76
228.18

Capital & Reserves

Year End Date
30 Jun 2019
30 Jun 2018
 
$ (M)
$ (M)
Share Capital
1.10
1.08
Share Premium Account
56.91
53.08
Other Reserves
37.03
49.83
Retained Earnings
145.64
124.12
Shareholders Funds
240.69
228.11
Minority Interests/Other Equity
0.07
0.07
Total Equity
240.76
228.18

Dividend History

Type
Ex-Dividend Date
Payment Date
Payment
Interim
19 Dec 2019
09 Jan 2020
2.10¢
Final
03 Oct 2019
18 Oct 2019
8.50¢
Interim
13 Dec 2018
21 Dec 2018
2.00¢
Final
04 Oct 2018
18 Oct 2018
7.25¢
Final
20 Jul 2017
10 Aug 2017
6.00¢
Final
29 Sep 2016
13 Oct 2016
3.25¢
Final
13 Nov 2013
25 Nov 2013
1.78¢

Dividend Metrics

Year End Date
30 Jun 2019
30 Jun 2018
Dividend growth
44.83%
20.83%
Dividend yield
3.20%
2.60%
Dividend cover
3.83
4.44
The value of your investments and the income from them may go down as well as up, and you could get back less than you invested.
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