Gama Aviation (GMAA)

Sector:

Commercial Transport

Index:

FTSE AIM All-Share

59.00p
   
  • Change Today:
    -0.50p
  • 52 Week High: 107.50
  • 52 Week Low: 58.10
  • Currency: UK Pounds
  • Shares Issued: 63.64m
  • Volume: 7,294
  • Market Cap: £37.55m

Gama Aviation soars despite gloomy outlook on 'challenging' 2019

By Duncan Ferris

Date: Wednesday 24 Apr 2019

LONDON (ShareCast) - (Sharecast News) - Gama Aviation shares climbed on Wednesday after the firm reported higher full-year revenue, despite describing the year as "disappointing" and taking a cautious stance on its outlook amid "challenging" European market conditions.
The global business aviation outfit reported revenue of $234.8m for 2018, an increase of 13% compared to the year before, though the AIM-traded company swung from a profit before tax from continuing operations of $15.7m to a loss of $30.8m as administrative expenses leapt by 140% to $77.0m.

Ground revenues organically increased by 10% and Air increased by 17%, reflecting the contribution of the acquisition of the outstanding 50% of the joint venture interest of Gama Aviation Hutchison Holdings and success from the US Ground and Asia Air businesses.

Meanwhile, the jump in administrative expenses was fuelled by an impairment loss of $27.7m relating to the merger between Hangar8 and Gama Aviation back in 2015.

Chief executive Marwan Khalek said: "While 2018 was a disappointing year in terms of financial performance, it was also a year of transition and change that provides Gama with a solid basis for the future."

Meanwhile, Gama warned that it expects more challenging market conditions in Europe, particularly with the continuing uncertainties over Brexit and foreign exchange volatility, while growth in the Middle East and Asia was expected to be "modest".

"Given the mixed market conditions, the board is taking a cautious approach to its 2019 outlook and accordingly expects the financial performance of the group to deliver an adjusted EBIT in the range of $10.5m to $11.5m," the company said.

Gama Aviation's shares were up 7.55% at 74.75p at 0957 BST.

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Gama Aviation Market Data

Currency UK Pounds
Share Price 59.00p
Change Today -0.50p
% Change -0.84 %
52 Week High 107.50
52 Week Low 58.10
Volume 7,294
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
87.49% above the market average87.49% above the market average87.49% above the market average87.49% above the market average87.49% 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
84.68% below the market average84.68% below the market average84.68% below the market average84.68% below the market average84.68% 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
48.84% above the market average48.84% above the market average48.84% above the market average48.84% above the market average48.84% 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 24-Jan-2020

Time Volume / Share Price
13:11 932 @ 58.10p
09:08 6,362 @ 58.50p

Gama Aviation Key Personnel

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

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