BBA Aviation plc (BBA.L), the 3rd largest miscellaneous transportation company by market capitalisation in the United Kingdom, traded between an intraday low of GBX196.07 and a high of GBX201.12. The price range has expanded in the last two days (from GBX4.0 two days ago to GBX5.10 today) which, accompanied by a price rise, is a bullish signal. The average daily volatility of 3.4% places the stock in the 3rd quartile in the market meaning it is mildly volatile. Today its volatility (highest price minus lowest price/lowest price) of 2.6% was 2.1 times the average daily volatility of 1.2%, up from 1.3% on Wednesday and 2.1% on Friday. A price rise on high volatility is a bullish signal. The stock rose for a third day on Thursday bringing its three-day rise to GBX7.80 or 4.0%. The stock price added GBX5.0 (or 2.5%) to close at GBX201.10. Compared with the FTSE 100 index, which rose 63.7 points (or 1.2%) on the day, this was a relative price change of 1.4%.
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RELATIVE VALUATION INDICATORS [RVI] FUNDAMENTALS
Bullish Signals:
Valuation
- Price/Earnings of 9.7 versus sector average of 10.2 and market average of 9.2. We estimate the shares are trading at a current year P/E of 6.9 and a forward year P/E of 4.9.
- The Q Ratio, defined by James Tobin as MCap divided by Total Assets, is 0.7. Compared with the rest of the market the stock is undervalued.
Performance
- Return on Equity of 15.5% versus sector average of 13.9% and market average of 11.0%.
- Return on Assets of 6.7% versus sector average of 3.9% and market average of 1.2%.
- Return on Capital Employed of 11.8% versus sector average of 9.7% and market average of 13.4%.
Bearish Signals:
Valuation
- Price/Sales of 0.68 versus sector average of 0.4 and market average of 0.8. We estimate the shares are trading at a current year Price/Sales of 0.6 and a forward year Price/Sales of 0.5.
Description Value Rank In Market Dividend Yield % 7.2 In Top Quartile
RELATIVE VALUATION INDICATORS [RVI] TECHNICALS
- In the United Kingdom market of 1,307 stocks and 160 units traded today, the stock has a 6-month relative strength of 73 indicating it has outperformed 73% of the market.
- The volume was 0.7 times average trading of 685,812 shares.
- The last price is at a discount of 11.4% to the 12-month high of GBX226.85 a year ago on 01 Jul, 2011.
- The last price is at a premium of 31.6% to the 12-month low of GBX152.80 ten months ago on 24 Aug, 2011.
- The Beta of this stock is 1.08. A Beta greater than 1 suggests this is a high risk, high return stock with volatility greater than that of the market.
- The value of GBP1,000 invested one year ago is GBP997 [vs GBP938 for the FTSE 100 index], including a capital loss of GBP48 and dividend reinvested of GBP45. The total return to shareholders for 1 year is -0.3%.
Description Value Rank In Market Change % 2.5 In Top Quartile PMAP200 1.1 In Top Quartile PMAP50 1 In Top Quartile
COMPANY ANNOUNCEMENTS
Jun 07, 2012: BBA Aviation: ATP Jet Center of Daytona Beach Becomes a Signature Select FBO
[Company Release] Signature Flight Support announced that its affiliate FBO program, Signature Select(TradeMark) has signed an agreement with ATP Jet Center of Daytona Beach International Airport (KDAB) to become a member location. Signature Select offers independent FBOs Signature's world-class systems, service and safety standards, training, sales and marketing processes.
May 29, 2012: BBA Aviation director buys
BBA Aviation (BBA.L) director Simon Pryce bought 6,849 shares worth approximately GBP13,619.9 (US$21,383.3) on May 25, 2012. The purchase price was GBX198.86.
Apr 24, 2012: BBA Aviation Q1 Interim Management Statement
[Company Release] In advance of its Annual General Meeting today, BBA Aviation plc, the leading global aviation support and aftermarket services provider, is issuing an Interim Management Statement for the period from 1 January to 23 April 2012. For the first quarter to 31 March 2012, Group revenue increased by 2%.
Mar 26, 2012: BBA Aviation announces AGM
BBA Aviation has announced its Annual General Meeting will take place on April 24, 2012.
Feb 27, 2012: BBA Aviation will appoint Non Executive Director
BBA Aviation will appoint Susan Kilsby as a Non Executive Director. The effective date is April 10, 2012.
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