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Authoritative Independent Monthly Share Selections Using Technical & Fundamental Analysis

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Secondary Recommendation

Air Partner - Takes market share from airlines

June 2002

Investing in shares may lose you all or some of your money. Past performance is no indication of future performance. Some of the shares recommended here may be small company shares, which can be relatively illiquid and hard to trade and this makes such shares more risky than other investments.

  • Epic Code:
  • AIP
To a casual observer air charter broker, Air Partner, would have been the ideal candidate for a profit warning, following the 11 September terrorist attacks.  Indeed its broker, Beeson Gregory, pre-emptively slashed its forecasts soon after.  But the company has confounded sceptics by posting  better than expected  interim results,  on 16 April, with forward bookings surging 27% in February.  This resilience partly comes from the fact that  one third of its sales are derived from non-cyclical activities, such as air ambulances and government flights.  In spite of the sale of 1.3m shares at 300p, by founder and chairman, TonyMack, who retains 41.5%, the shares have now almost doubled to 331p, s ...

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With small companies there is an above average degree of risk compared to buying blue chips. Please be aware that we have not assessed the suitability of any of these investments for you. The newsletter simply states a personal view and diarises the editor’s investment decisions. Please speak to your stockbroker or other qualified individual to ascertain whether any of these companies mentioned would form useful additions to your own portfolios. Past performance is no indication of future success.

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