avation

Still growing

  • Sectors : Aircraft Leasing
  • Companies : avation

Ratings and price correct at time of issue.

  • avation

    Closing Price: 257.5p

  • RATING 01/11/19

  • PREVIOUS RATING N/A

DAVY VIEW

Even in the absence of a take-out — the probability and likely price of which are difficult to estimate but do provide upside in any case — we see good risk-reward in Avation’s shares. The underlying business continues to grow and, while coronavirus is an obvious concern, the company has no lessees in mainland China. In our view, this is not reflected in its valuation of 0.80x price/book.

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Feb 28 2020, 17:20 GMT

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