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 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.

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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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