Air Partner (AIP)

 517.50p
   
  • Change Today:
      0.000p
  • 52 Week High: 620.00
  • 52 Week Low: 332.50
  • Currency: UK Pounds
  • Shares Issued: 10.26m
  • Volume: 1,486
  • Market Cap: £53.10m
  • RiskGrade: 186
  • Beta: 0.06

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 517.50p
Change Today 0.000p
% Change 0.00 %
52 Week High 620.00
52 Week Low 332.50
Volume 1,486
Shares Issued 10.26m
Market Cap £53.10m
Beta 0.06
RiskGrade 186

Air Partner Star Ratings

Compare performance with the sector and the market.
more star ratings
Key: vs Market vs Sector
Value
39.14% below the market average39.14% below the market average39.14% below the market average39.14% below the market average39.14% below the market average
2.86% below the sector average2.86% below the sector average2.86% below the sector average2.86% below the sector average2.86% below the sector average
Price Trend
67.19% above the market average67.19% above the market average67.19% above the market average67.19% above the market average67.19% above the market average
53.25% above the sector average53.25% above the sector average53.25% above the sector average53.25% above the sector average53.25% above the sector average
Income
70.60% above the market average70.60% above the market average70.60% above the market average70.60% above the market average70.60% above the market average
65.96% above the sector average65.96% above the sector average65.96% above the sector average65.96% above the sector average65.96% above the sector average
Growth
87.36% below the market average87.36% below the market average87.36% below the market average87.36% below the market average87.36% below the market average
87.3% below the sector average87.3% below the sector average87.3% below the sector average87.3% below the sector average87.3% below the sector average

What The Brokers Say

Strong Buy 1
Buy 0
Neutral 0
Sell 0
Strong Sell 0
Total 1
strong_buy
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 n/a 02-Oct-13
Paid 16-Jun-14 25-Oct-13
Amount 14.00p 14.00p

Trades for 16-Apr-2014

Time Volume / Share Price
14:10 192 @ 520.00p
11:02 192 @ 520.00p
11:02 202 @ 505.00p
08:37 900 @ 505.50p

Air Partner Key Personnel

CEO Mark Briffa
CFO Gavin Charles

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