Air Partner (AIP)

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260.25p
   
  • Change Today:
    -16.75p
  • 52 Week High: 620.00
  • 52 Week Low: 251.75
  • Currency: UK Pounds
  • Shares Issued: 10.26m
  • Volume: 26,007
  • Market Cap: 26.71m
  • RiskGrade: 260
  • Beta: 0.39

Air Partner falls on update

Date: Friday 09 Dec 2011

LONDON (ShareCast) - Shares in aviation group Air Partner took a hit after the firm admitted it has not been immune to the continuing instability in the primary world markets.

However, and despite the difficult background, Air Partner has remained largely stable and has continued to trade profitably.

Revenues from the largest division, Commercial Jet broking, are currently lower than last year, but in line with expectations. Sales within the Freight broking and Private Jet broking divisions have been "encouraging", the firm said, but admitted that it is still too early for this to provide any reliable indication of future financial performance.

In a statement the firm said: "The group is making progress in its strategic aim of increasing the contribution from operations outside the UK. Our US business continues to show early signs of improvement, as investments made over the last 12 months start to have a positive impact.

"Looking ahead, the board remains cautious in its assessment of prospects for the current year, given the continued economic uncertainty and the lack of visibility characterising the industry.

"Nevertheless, planned investment is continuing, bringing into the team experienced professionals with a strong sales focus and industry-wide connections and the board remains confident in the long-term growth prospects for Air Partner's key markets."

In the past two months trading has remained "satisfactory", with net cash reserves of just over 8m, compared to 7.2m at 31 July.

The share price fell 2.44% to 300p by 14:16.

NR

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Note 1: Prices and trades are provided by Digital Look Corporate Solutions and are delayed by at least 15 minutes.

Note 2: RiskGrade figures are provided by RiskMetrics.

 

Air Partner Market Data

Currency UK Pounds
Share Price 260.25p
Change Today -16.75p
% Change -6.05 %
52 Week High 620.00
52 Week Low 251.75
Volume 26,007
Shares Issued 10.26m
Market Cap 26.71m
Beta 0.39
RiskGrade 260

Air Partner Star Ratings

Compare performance with the sector and the market.
more star ratings
Key: vs Market vs Sector
Value
80.55% above the market average80.55% above the market average80.55% above the market average80.55% above the market average80.55% above the market average
86.11% above the sector average86.11% above the sector average86.11% above the sector average86.11% above the sector average86.11% above the sector average
Price Trend
78.96% below the market average78.96% below the market average78.96% below the market average78.96% below the market average78.96% below the market average
92.59% below the sector average92.59% below the sector average92.59% below the sector average92.59% below the sector average92.59% below the sector average
Income
96.09% above the market average96.09% above the market average96.09% above the market average96.09% above the market average96.09% above the market average
84.00% above the sector average84.00% above the sector average84.00% above the sector average84.00% above the sector average84.00% above the sector average
Growth
85.8% below the market average85.8% below the market average85.8% below the market average85.8% below the market average85.8% below the market average
87.69% below the sector average87.69% below the sector average87.69% below the sector average87.69% below the sector average87.69% below the sector average

What The Brokers Say

Strong Buy 0
Buy 0
Neutral 1
Sell 0
Strong Sell 0
Total 1
neutral
Broker recommendations should not be taken as investment advice, and are provided by the authorised brokers listed on this page.

Air Partner Dividends

  Latest Previous
  Interim Final
Ex-Div 01-Oct-14 14-May-14
Paid 24-Oct-14 16-Jun-14
Amount 6.66p 14.00p

Trades for 31-Oct-2014

Time Volume / Share Price
16:35 172 @ 260.25p
16:05 2,000 @ 265.00p
16:05 147 @ 269.00p
12:30 9,000 @ 275.00p
15:08 148 @ 269.00p

Air Partner Key Personnel

CEO Mark Briffa

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