External reports (aggregated public sources), Value Investors Club

Value Investors Club

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External reports (aggregated public sources)

Equity Bottom-Up

<ul><li>Avation Plc offers 8.25%/9.0% Senior PIK Toggle Notes at a 12.4% YTM, potentially rising to 14.7% with a refinance by 2025</li><li>The company's bonds are well-covered by asset value and could benefit from a change of control, as indicated by previous takeover interest in 2023</li><li>Avation's fleet is predominantly leased to reputable airlines, making their bonds an attractive investment despite trading at a discount due to the company's less well-known customer base and high leverage</li></ul><p><em>This content is sourced through publicly available sources and has been machine generated. Information displayed is for general informational purposes only. This article was originally published 3 months ago on Value Investors Club.</em></p>

Avation Plc offers 8.25%/9.0% Senior PIK Toggle Notes at a 12.4% YTM, potentially rising to 14.7% with a refinance by 2025The company's bonds are well-covered by asset value and could benefit from a change of control, as indicated by previous takeover interest in 2023Avation's fleet is predominantly leased to reputable airlines, making their bonds an attractive investment despite trading at a discount due to the company's less well-known customer base and high leverageThis content is sourced through publicly available sources and has been machine generated. Information displayed is for general informational purposes only. This article was originally published 3 months ago on Value Investors Club.

Aviation Plc Equity (AVAP LN) - Thursday, Aug 1, 2024

Avation PLC

Aviation Plc Equity (AVAP LN) - Thursday, Aug 1, 2024