Air Partner (AIP)

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327.63p
   
  • Change Today:
    -0.50p
  • 52 Week High: 620.00
  • 52 Week Low: 315.00
  • Currency: UK Pounds
  • Shares Issued: 10.26m
  • Volume: 5,625
  • Market Cap: £33.62m
  • RiskGrade: 289

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 327.63p
Change Today -0.50p
% Change -0.15 %
52 Week High 620.00
52 Week Low 315.00
Volume 5,625
Shares Issued 10.26m
Market Cap £33.62m
RiskGrade 289

Air Partner Star Ratings

Compare performance with the sector and the market.
more star ratings
Key: vs Market vs Sector
Value
23.54% above the market average23.54% above the market average23.54% above the market average23.54% above the market average23.54% above the market average
18.31% above the sector average18.31% above the sector average18.31% above the sector average18.31% above the sector average18.31% above the sector average
Price Trend
57.55% below the market average57.55% below the market average57.55% below the market average57.55% below the market average57.55% below the market average
76.62% below the sector average76.62% below the sector average76.62% below the sector average76.62% below the sector average76.62% below the sector average
Income
93.97% above the market average93.97% above the market average93.97% above the market average93.97% above the market average93.97% 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
86.36% below the market average86.36% below the market average86.36% below the market average86.36% below the market average86.36% 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
  Final 2nd Interim
Ex-Div 14-May-14 02-Oct-13
Paid 16-Jun-14 25-Oct-13
Amount 14.00p 14.00p

Trades for 21-Aug-2014

Time Volume / Share Price
15:54 1,932 @ 324.60p
11:17 2,000 @ 323.00p
09:24 238 @ 332.34p
08:41 150 @ 332.40p
08:30 39 @ 332.40p

Air Partner Key Personnel

CEO Mark Briffa
CFO Neil Morris

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