Gama Aviation (GMAA)

Sector:

Commercial Transport

Index:

FTSE AIM All-Share

 37.00p
   
  • Change Today:
      0.000p
  • 52 Week High: 77.50p
  • 52 Week Low: 32.00p
  • Currency: UK Pounds
  • Shares Issued: 63.64m
  • Volume: 1,473
  • Market Cap: £23.55m

Gama Aviation makes 'encouraging' start to year

By Josh White

Date: Tuesday 18 Jul 2017

LONDON (ShareCast) - (ShareCast News) - Business aviation services provider Gama Aviation said trading in the first six months of the year was "encouraging", and remained in line with its expectations on Tuesday.
The AIM-traded firm added in its trading update that, in the half-year to 30 June, it made "good progress" in improving its cash conversion, with net debt reducing during the period.

"This has been a busy and encouraging trading period for Gama Aviation and trading remains in line with our full year expectations," said chief executive officer Marwan Khalek.

"We have continued to target and deliver organic growth and operational efficiencies as well as improvements in our working capital and cash conversion."

It said its US air division continued to benefit from strong organic growth, underpinned by the contracted growth on the 'Wheels Up' contract and buoyant markets.

The Landmark integration was continuing to progress as planned, with full integration still expected by the end of the current financial year.

Within its EU air division, Gama said it continued to build on the operational efficiencies made in 2016 with notable margin improvements in the first half of the year.

The Middle East and Asia air divisions had a positive six months, the board added, with new contract additions that it said should improve top line growth and bottom line performance in the second half of the year.

In its ground division, Gama's line maintenance offering in the US showed "promising" organic growth, the board claimed, with recent contract wins expected to flow through in the second half of the year.

Its EU ground division continued to show the benefits of the modest pick-up in discretionary spend, as well as increased maintenance activity arriving from the contract wins announced earlier in the year.

Gama's Middle East ground division reportedly had a "productive" first half, with revenues and margins ahead of the comparative period due to "continued improvements" in the number of movements through the company's Sharjah FBO, as well as strong parking and hangarage returns.

"We are pleased with the progress that we are making on all fronts and together with the recent strengthening of the European management team we remain well placed to deliver on our strategic objectives," Marwan Khalek added.

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Note 1: Prices and trades are provided by Digital Look Corporate Solutions and are delayed by at least 15 minutes.

 

Gama Aviation Market Data

Currency UK Pounds
Share Price 37.00p
Change Today 0.000p
% Change 0.00 %
52 Week High 77.50p
52 Week Low 32.00p
Volume 1,473
Shares Issued 63.64m
Market Cap £23.55m

Gama Aviation Star Ratings

Compare performance with the sector and the market.
more star ratings
Key: vs Market vs Sector
Value
38.03% above the market average38.03% above the market average38.03% above the market average38.03% above the market average38.03% above the market average
Sector averageSector averageSector averageSector averageSector average
Price Trend
76.77% below the market average76.77% below the market average76.77% below the market average76.77% below the market average76.77% below the market average
44.44% below the sector average44.44% below the sector average44.44% below the sector average44.44% below the sector average44.44% below the sector average
Income Not Available
Growth
94.06% below the market average94.06% below the market average94.06% below the market average94.06% below the market average94.06% below the market average
100% below the sector average100% below the sector average100% below the sector average100% below the sector average100% below the sector average

Gama Aviation Dividends

  Latest Previous
  Final Final
Ex-Div 04-Jul-19 28-Jun-18
Paid 25-Jul-19 25-Jul-18
Amount 2.00p 2.75p

Trades for 12-Aug-2020

Time Volume / Share Price
11:55 32,607 @ 39.74p
12:15 1,473 @ 35.66p

Gama Aviation Key Personnel

CEO Marwan Khalek
COO Neil Medley
Chair Simon To
CFO Daniel Ruback

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