Gama Aviation (GMAA)

Sector:

Commercial Transport

Index:

FTSE AIM All-Share

32.50p
   
  • Change Today:
    -4.00p
  • 52 Week High: 72.00
  • 52 Week Low: 30.00
  • Currency: UK Pounds
  • Shares Issued: 63.64m
  • Volume: 71,635
  • Market Cap: £20.68m

Gama Aviation scores new European mission contracts

By Iain Gilbert

Date: Monday 24 Dec 2018

LONDON (ShareCast) - (Sharecast News) - Aviation services outfit Gama Aviation has been awarded two new contracts, providing steady and profitable revenue growth for the group's European division.
Gama's first new contract will see the firm provide maintenance and spare parts logistical support for eight government special mission aircraft from April 2019 through to April 2030 and is expected to deliver revenues of £66m to £88m.

The AIM-listed group's second contract, a five-year deal starting July 2019, will see Gama support four special mission aircraft with services ranging from modifications, maintenance and flight operations. Gama expects the deal to deliver revenues of £27.5m.

Discussing the contract wins, chief executive Marwan Khalek said: "This is as a direct result of our strategy to continue to build our depth of capability and breadth of service offerings to derive steady and profitable revenue growth for our European division."

"These medium and long-term support contracts, which we have a strong track record in winning, significantly improve the forward visibility of our revenues and enhance our earnings in the mid to long term."

In other news, Gama revealed it had placed a £20m order for three Airbus H145 helicopters to be delivered in the fourth quarter of its next trading year, with "at least 85%" of the purchase price set to be funded through a loan or lease structure.

As of 0835 GMT, Gama shares taken off 1.67% to 118.44p.

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Gama Aviation Market Data

Currency UK Pounds
Share Price 32.50p
Change Today -4.00p
% Change -10.96 %
52 Week High 72.00
52 Week Low 30.00
Volume 71,635
Shares Issued 63.64m
Market Cap £20.68m

Gama Aviation Star Ratings

Compare performance with the sector and the market.
more star ratings
Key: vs Market vs Sector
Value
41.50% above the market average41.50% above the market average41.50% above the market average41.50% above the market average41.50% above the market average
17.65% above the sector average17.65% above the sector average17.65% above the sector average17.65% above the sector average17.65% above the sector average
Price Trend
91.93% below the market average91.93% below the market average91.93% below the market average91.93% below the market average91.93% below the market average
66.67% below the sector average66.67% below the sector average66.67% below the sector average66.67% below the sector average66.67% below the sector average
Income Not Available
Growth
92.68% below the market average92.68% below the market average92.68% below the market average92.68% below the market average92.68% 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 30-Sep-2020

Time Volume / Share Price
09:07 415,000 @ 32.66p
09:06 350,000 @ 32.50p
11:01 3,000 @ 33.90p
10:12 3,000 @ 34.00p
10:08 635 @ 30.00p

Gama Aviation Key Personnel

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

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