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03 Mar 2016
Results in line; ASIG sale being reviewed
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Results in line; ASIG sale being reviewed
BBA Aviation (BBA:LON) | 0 0 1.9% | Mkt Cap: 3,450m
- Published:
03 Mar 2016 -
Author:
Singer CM Team -
Pages:
3 -
The Group is to be transformed by the acquisition of Landmark which will cement the FBO business as the key driver of profitability within the Group. It would not surprise us to see future disposals from the other business areas, perhaps eventually delivering a 100% FBO focused Group, and the first sign of that is given today with a comment that approaches have been made for ASIG. Landmark integration and debt reduction are key in FY16, we await the analyst presentation but expect to remain at Hold.