AQZ 2.41% $2.98 alliance aviation services limited

Ann: Profit Guidance, page-4

  1. 4,322 Posts.
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    I would love to think a dividend is coming but the existing debt level and now an additional $147m AUD loan facility to buy more planes suggest they need every penny to get the debt level down. I estimate the net debt to equity will be around 70% to 75% once this loan is concluded.

    Whilst the ''únderlying'' NPBT has increased, their exclusions OF - QUOTE - ''No underlying adjustment has been made for operational and training expenses incurred inbuilding capacity for FY24'' has, in the past proved to be quite substantial.

    I also recollect their prior forecast of FY24 NPBT @ $77m which might now be higher given their recent bullish outlook on demand.
 
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