Previously writing on Gama Aviation (GMAA), in August with the shares at 56.5p I questioned it “progressing towards securing the new credit facilities required”. The shares last closed at 61.5p but are currently heading down towards the previously noted level on the back of an “H2 Trading Update, Liquidity & Credit Facilities” announcement.
Aviation services company Gama Aviation (GMAA) has issued a trading update stating that it “has delivered a solid trading performance in the first half of the year. H1/22 revenues are in excess of $130m (H1/21 $106.4m), up by over 20% on the same period last year… The recovery in activity and revenue growth is expected to continue through the second half of the year with full year Adjusted EBIT expected to remain in line with management expectations”. So what of a share price down from 66p earlier this year at 56.5p?
Towards the end of October, previously updating on Gama Aviation (GMAA) it was from “expectations for the full year remain unchanged” to expects “$3m below” in just 5 weeks! – and the shares approaching 18% lower, at 125p. I warned still to avoid – and today a “2018 Full Year Update and 2019 Outlook”…
In June, previously writing on Gama Aviation (GMAA) I questioned is “flat” trading really “broadly satisfactory”? and noted, despite a share price fall to below 200p, I avoided. Today a “Trading Update” - and the shares currently approaching 18% lower, at 125p…
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