Air Partner (AIP), which releases full-year figures on Thursday, was one of last year's true success stories. After wising up to the rapid earnings growth on offer, shares in the undervalued jet broker re-rated and ended the year up 84 per cent. Of course, it's unlikely to replicate that in 2014, but profits are still rising and the cash pile continues to expand.
Switching its year-end from July to 31 January also brings Air Partner's busy season into the first half and improves visibility, but it does mean that these numbers will cover an 18-month period. Liberum Capital expects adjusted pre-tax profit of £5.6m, but more useful pro forma 12-month figures are tipped to jump 30 per cent to £4.3m, giving adjusted EPS of 28.3p. That rises to £4.8m and 30.5p in 2015.
