Gama Aviation (GMAA)

Sector:

Commercial Transport

Index:

FTSE AIM All-Share

60.50p
   
  • Change Today:
    -0.50p
  • 52 Week High: 115.00
  • 52 Week Low: 58.50
  • Currency: UK Pounds
  • Shares Issued: 63.64m
  • Volume: 10,588
  • Market Cap: £38.50m

Gama Aviation acquires new business as part of $10m US expansion

By Duncan Ferris

Date: Thursday 10 Jan 2019

LONDON (ShareCast) - (Sharecast News) - Gama Aviation on Thursday purchased a paint and interior completion business currently operated by Lotus Aviation Group at Fort Lauderdale Executive Airport.
The purchase, part of the aviation services company's stated $10m investment to scale its US maintenance business, is ideally situated for the outfit's existing Floridian heavy maintenance locations at Opa Locka and Palm Beach International, according to a statement from Gama.

Dennis Richey, president of Gama's US ground division, said: "This facility adds two new lines of business providing customers with the opportunity to work with a single provider across all major through-the-life maintenance events from unscheduled AOGs, to heavy, base maintenance and now interiors and paint."

The AIM traded company's most recent update stated that its US operations had delivered "strong organic growth and solid productivity" but had still fallen short of the board's expectations.

The newly acquired business has served clients from across the US, Central & South America from its maintenance hangar, paint hangar, upholstery shop and wood shop/clear coat spray shop at Fort Lauderdale Airport.

Rajeev Singh, president and chief executive of Lotus Aviation, said: "I'm immensely proud of what we have built at Lotus Aviation Group and very excited for our future with Gama Aviation. In recent years, we have seen business aviation maintenance buyers evolving from using a large, fragmented supplier base to much more capable integrated maintenance networks."

Gama Aviation's shares were unchanged at 115.00p at 1619 GMT.

Email this article to a friend

or share it with one of these popular networks:


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 60.50p
Change Today -0.50p
% Change -0.82 %
52 Week High 115.00
52 Week Low 58.50
Volume 10,588
Shares Issued 63.64m
Market Cap £38.50m

Gama Aviation Star Ratings

Compare performance with the sector and the market.
more star ratings
Key: vs Market vs Sector
Value
87.53% above the market average87.53% above the market average87.53% above the market average87.53% above the market average87.53% above the market average
76.47% above the sector average76.47% above the sector average76.47% above the sector average76.47% above the sector average76.47% above the sector average
Price Trend
84.53% below the market average84.53% below the market average84.53% below the market average84.53% below the market average84.53% below the market average
88.89% below the sector average88.89% below the sector average88.89% below the sector average88.89% below the sector average88.89% below the sector average
Income
47.38% above the market average47.38% above the market average47.38% above the market average47.38% above the market average47.38% above the market average
16.67% above the sector average16.67% above the sector average16.67% above the sector average16.67% above the sector average16.67% above the sector average
Growth
66.44% below the market average66.44% below the market average66.44% below the market average66.44% below the market average66.44% below the market average
12.5% below the sector average12.5% below the sector average12.5% below the sector average12.5% below the sector average12.5% 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 17-Jan-2020

Time Volume / Share Price
10:39 10,588 @ 60.00p

Gama Aviation Key Personnel

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

Top of Page