Gama Aviation (GMAA)

Sector:

Commercial Transport

Index:

FTSE AIM All-Share

 59.00p
   
  • Change Today:
      0.000p
  • 52 Week High: 107.50p
  • 52 Week Low: 58.50p
  • Currency: UK Pounds
  • Shares Issued: 63.64m
  • Volume: 0
  • Market Cap: £37.55m

Gama Aviation in freefall after profit warning

By Duncan Ferris

Date: Thursday 24 Jan 2019

LONDON (ShareCast) - (Sharecast News) - Gama Aviation dived on Thursday after stating that it expects the full year underlying operating profits to be $3m below its previous guidance after disappointing fourth-quarter trading.
The aviation services provider said it had received a lower than expected share of its associate's profits in the US, accounting adjustments resulting from a comprehensive balance sheet review process carried out by the new finance team and changes in accounting treatment of certain organic investment costs.

While the first half of the year saw the company incur exceptional costs of $4.5m due to an equity raise, as well as litigation, integration and restructuring costs, further costs were racked up in the second half of the year due to Gama's move to Bournemouth, legal entity reorganisation and diligence costs on potential acquisition opportunities.

A statement from Gama said: "With continuing growth in the US likely to be offset by the challenging market conditions in Europe, and with M&A opportunities yet to be delivered, the company is taking a cautious approach and accordingly expects that the performance for 2019 will be similar to that delivered in 2018."

Gama Aviation's shares were down 23.48% at 88.00p at 0846 GMT.

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Gama Aviation Market Data

Currency UK Pounds
Share Price 59.00p
Change Today 0.000p
% Change 0.00 %
52 Week High 107.50p
52 Week Low 58.50p
Volume 0
Shares Issued 63.64m
Market Cap £37.55m

Gama Aviation Star Ratings

Compare performance with the sector and the market.
more star ratings
Key: vs Market vs Sector
Value
87.38% above the market average87.38% above the market average87.38% above the market average87.38% above the market average87.38% 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
84.98% below the market average84.98% below the market average84.98% below the market average84.98% below the market average84.98% 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
49.44% above the market average49.44% above the market average49.44% above the market average49.44% above the market average49.44% 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
67.04% below the market average67.04% below the market average67.04% below the market average67.04% below the market average67.04% 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 --2020

Time Volume / Share Price
0 @ 0.000p

Gama Aviation Key Personnel

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

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