#AIR Partner – operational update, not currently in a position to make a recommendation on dividend payments

#AIR Partner – H1 “slightly stronger than expected”, though operating environment “challenging”

#AIR Partner – expects FY adj. PBT “not less than £5.8m”, “quietly confident”

#AIR Partner – PwC replaces Deloitte as auditor after prior accounting woes

#AIR Partner – following accounting woes & CFO resignation, appointment of Joanne Estell as CFO

Air Partner – “traded well over the first half”. Just how well?

Air Partner (AIR) has updated including that it “traded well over the first half of the financial year” and “remains confident in the group's prospects for the full year and beyond”. Sounds encouraging…

#AIR Partner – H1 adj. PBT “in line with the board's expectations and with the same period last year”

#AIR Partner – increased strength in Commercial Jets business, remains confident about FY prospects

Air Partner will recover from its accounting problems - buy

The market doesn’t respond well to any announcements of accounting problems, and the share price of any company releasing such news tends to get hammered. In some cases the resulting drop is justified, but there are also plenty of occasions where there appears to have been a massive over-reaction and that can present a buying opportunity, as long as the underlying fundamentals of the business haven’t changed and it is just a one-off error or omission that won’t negatively impact the company going forwards.

Air Partner (#AIR) shares suspended as cannot get accounts out on time, following that prior year fraud admission

Air Partner - after £4m profits overstatement , CFO walks with immediate effect: More questions to be answered

Someone, other than the worm formerly in the accounts department who stands accused of covering up an up to £4 million profits overstatement, had to pay the penalty for the mess at Air Partner (AIR). Hopefully its prize shit of a PR man Tom Allinson will be next but the first to walk the plank is Chief Financial Officer, Neil Morris.

#AIR Partner – with its current accounting woes, CFO Neil Morris resigns

#AIR Partner – updates on accounting review, delays FY results announcement

REVISED EXCLUSIVE: Air Partner - what the company told its staff but has not fessed up to investors about the £3.3 million black hole

Yesterday at 7 AM Air Partner (AIR) fessed up to a £3.3 million black hole in its accounts via RNS but it was vague as to its nature and suggested that nothing big was going on. At 10.15 AM all eighty staff in the Gatwick Office were called into a meeting with CEO Mark Briffa and FD Neil Morris for a briefing. They were told far, far more. One of those present has come forward and states: 

Air Partner – “Year End Update”… far from as routine as it sounds!

An announcement from aviation broking, consulting and training company Air Partner (AIR) entitled “Year End Update” sounds routine – but I note, following a end-January year-end, there was already – in February – a “Year End Trading Update & Notification of Results”. Hmmm…

Air Partner (#AIR) – identifies “accounting for receivables and deferred income” ‘issue’, “investigation continues”

#AIR Partner – positive H1, remains comfortable with FY expectations

#AIR Partner – trading continued “in line”, optimistic for remainder of year

#AIR Partner – H1 adj. PBT “expected to be not less than £3m” (v. £2.2m), optimistic on prospects for remainder of year

You Could Make Movies Out of Air Partner's Exploits and its Prospects Could Be Up and Away

Hello Share Churners. Yesterday I looked at a promising company with rather boring products. It was Polypipe (PLP), which makes plastic pipes and ventilation systems. So now let’s look at a firm which has an exciting existence, especially for sports fans (which I am not).