Saker Aviation Services Inc. (SKAS)

[tdeck]

Well that accident did have something to do in an inadvertent way to Saker, still looking for next acquisition, I like all the buying back of shares, but as all know I want an exit of so much of the NYC chopper biz and more in the way of the airport services hub direction, either way investment is sound and getting better with each share buyback. For every million with such a low OS share count makes my worth all the more.

Not an exciting hold, but a safe one with a great deal of upside possible especially they get another profitable airport hub. 4Q numbers should be good, not as good as an election year but the hub and the helipad in NYC get a lot more business election years for obvious reasons, looking for back to normal numbers after a down year of building biz back after NYC politicians BS.

Will be leaving a GTC order in for very lows as usual, if I get them price will be right if not so be it.

Peace out.

[tdeck]

Will do, some time today brother, as soon as the market and my holdings figure out what they are doing LOL. Have some large positions with many adds at the lows looking to shed a few here and there for some profits and get back to original holdings, but will definitely look, you know me I love the orphans if everything is cool.

Peace out.

[Tower of Hanoi]

Hey T:

Since we seem to be the only posters here, would it offend you if I asked you to evaluate a literally "nuts and bolts" company that I have a small position in?

Here goes, if you like SKAS take a look at CVR, Chicago Rivet and Machine. Its a very low float, very low volume company has been around since the 1920's- seems very solid. Pays a div religiously (so far) of 2.45%

Like SKAS, they have some very elderly management (The Morrisey (sp) bros, both in thier later years) at the helm. That is a concern worth checking outas far as succession goes.. No debt. Their website has an investor page that has all their quarterly's and annual reports for the last few years. Not too much insider activity- last was in 2014 I think.

To Investor Hub: if I have violated posting policy, I apologize.

I CAN'T STRESS THIS ENOUGH:
THESE ARE MY OWN OPINIONS-I AM SIMPLY SHOOTING THE SXXX- STOCKS ARE MY HOBBY-I AM NOT AN EXPERT IN THIS OR ANY OTHER STOCK. I HOLD A SMALL POSITION -DO YOUR OWN DD!!!!

[tdeck]

Well, well, well. Peace out.

[tdeck]

Thanks for the tips, will check those two out after close, don't do the pm here, not giving Ihub my CC LOL.

Peace out.

[tdeck]

Going to bid a small pack of cheapies to pad my sack, in case any are willing to part with them If the company buys back 2 million shares @.09 I am certainly in the market for some under .08 winner winner chicken dinner.

Peace out.

[tdeck]

8K well another couple million shares came off the OS number only 30,195,034 down from 31,978,149 leaving a 16 million share float with BO/Insider shares of a little over 14 million so I am well pleased with that. Bid sitting some more shares now that the large bid stack isn't there anymore.

Wish the meeting was in NYC and not Kansas but maybe that's a good sign, I have long disliked them being based in new York in regards to taxes, but, we shall see maybe that's part of the road going forward that we are unaware of as of yet. But, would have liked to attend but am not trekking out to Kansas thank you very much.

Saw an article today about that darn company that had the helicopter crash and was non to pleased with it, I emailed the company to see if they had any recourse, as I am sure Saker has a contract with the helicopter tour firm, but, can they get out of it, and are they trying to get out of it.

Maybe they are canceling it and that's why the firm is doing a fire sale now, before their time is up? If I hear anything back I will post it for all to see.

here's the article:
https://nypost.com/2018/10/21/deadly-helicopter-tour-company-pushing-sales-amid-federal-investigation/


Sakers biggest nemesis and another big reason to bail on New York besides taxes and bribes (lobbying fees ha ha) IMHO and just sell the pad the business the works, I give you the elite Cynthia Nixon

https://nypost.com/2018/08/14/nixon-defends-sending-helicopter-complaints-to-city-hall/

https://nypost.com/2018/08/10/helicopters-are-ruining-shakespeare-in-the-park-theater-officials/

Peace out.

[tdeck]

No ToH, I haven't sold any since the last time it ran to .30 that's how I built my position on the past 2 1/2 years, I would buy the low and sell half at a triple then do it again and again. SKAS has not had that type of movement to build I have actually added less this entire year than I used to in a single month in the past.

I just put up a bid smallish 5-10K on the low end and put it GTC. When it fills I put up another, these large bid stacks lately have not made that to successful as of late, I did add some about a week ago just above the bid.

Took me too long to build this position much time, effort and countless hours keeping up with it. This like my 3 other serious OTC holds I plan on making 7 figures on, takes a a long time to accomplish the goal and have only done it 7 times in my entire 30 years trading but it works, patience. planning and sticking to the plan is all it takes. Oh, and the company sticking to their plan LOL.

I am perplexed as to who is A) selling the larger blocks, is it a short? B)Is it an MM filling it hoping for a dip to load? or C) Is it someone that has taken a hit in other stocks in the past week that needed some cash in the near term to add to a beat up position to sell when it pops back as getting back in SKAS pretty much even is a possibility.

Then I wonder who is buying with the large GTC's that sit there till filled, I have surmised on the board here that maybe the company is now buying shares off the open market as they have already purchased all the investors/lenders shares that were available
have been bought.

That's odd for an OTC isn't it, first that a companies lenders on the OTC do not flood the market with the shares especially after a 3 fold rise in price, and that an OTC company is actually buying their shares back LOL.

Either way its good to me, even if the stock price has not risen as much as another would in another company that has now gone through 2 share buybacks, makes $$, has cash and a credit facility of 2.5 mil. But its not one of those types it's a unicorn in OTC a real investment, nothing to hype here, no Walmart, MJ or Blockchain BS.

Just a company doing the right things and slugging away at it, making every step cautiously with thought and good intent.

Peace out bro. Nice chatting to ya, hope you made it through the past week relatively unscathed. At the end of the day I made some money on some shorts and added them to my beat up winners, which many probably did as well. When its bloody out there short the overpriced drek and add to the winners as they unlike hypes ones will come back.

[Tower of Hanoi]

Hey Tdeck-was that you selling today? :)

GL!

[tdeck]

Well we have some accumulation in the .11's looking for something this fall, we will see.

Peace out.

[Tower of Hanoi]

Thanks for the info-I'm concerned about what you said about market cap/cash on hand.

TOH

[tdeck]

Well Tower I have my own opinions as to how I think it will go or would like it to.

Truth is, one gets very little from the company, except for the last year with all the shares being bought back.

It's like last year when they announced the new hub acquired it was unexpected, totally.

With old man Trink gone, maybe they will pull farther away from the copper aspect and continue on with more hubs for airplane services. I would hope so, maybe make a big push into their charter services for elite customers for gulf streams etc.

Something is up because they would not have gotten the new credit facility under better terms, they have enough cash to buy back shares and keep 2 million at hand.

Gearing up for something of this I am certain, but, what I haven't a clue, they are doing all the right things, if they were in another sexy business that was trendy with the cash, revenue, credit line, buying back share it would be a .50 stock but its not.

It's one of those investors stocks, just buy it and 6-18 months down the road bang there is your double, triple etc. Anything else I could say would be smoke and mirrors.

Sorry not better explanation but its all I got, LOL. If last year is anything to go by, it was in the fall the new acquisition was announce but that would be conjecture too.

Best I can say is severely undervalued on paper, they have more in cash most of the time than the market cap is, which to me is utterly bizarre and with them buying back more and more shares it just gets more bizarre by the minute. I mean when the share price hits .07 it is literally less than they have in cash??????? You tell me where that makes sense.

Never seen a company with low float to start with buying back shares in the open market and the share price go down or stay even, but, like I said its not sexy, its not weed or whatever else is the hype of the day.

Its a catch the dips and put them away, not for the momo guy, but rather for the true investor.

Peace lout.

[tdeck]

Yes that sounds about right ToH to a point, as of May they had boght back like 3.4-4 million shares which is included in that 19.2 number, but, they are still in buy back mode. And since May they have not released another 8K to say how many they have gotten in the past 4 months.

There was an order 93K or something that was a GTC just sat there, and got filled maybe a week ago, I believe that was the company buying them off the open market, my reasoning is I have been building my position for 3 years now, buying selling and accumulating a sack near 700K now, the last 8 months have been the hardest and I have never seen GTC block orders before of that size, with the revenue issues they had with the NUG govt, screwed things up a bit and until they sorted it out.

I have just been putting in AON orders at the lows only getting a fill once in a blue moon. This next 10Q will be telling, and if they add another acquisition this fall like last that will be a very positive thing as you can imagine.

Lat year also the PA headache ended finally and they got a new 2.5 million credit facility and have sustained a $2 mil or so in cash.

It's just a guessing game now, company does not PR that much but, is 100% professional and has plans. Why buy back the stock? Something is up, its just a matter of what. I will continue to try and add cheap .07-8 whenever possible and just wait.

Sorry if post a little garbled, still haven't woken up yet.

Peace out.

[tdeck]

I think its even less than that now, the company has bought back shares in two different times this year, they are still in the second round I believe.

Let me check out today for sure. They haven't released an 8K saying how many they bought since the last announcement, sorry had some friends come in last night from out of town just got up.

Up to late last night playing pool and having one to many cocktails, should have stuck with the left handed cigarettes. Let me get come coffee in me and will check that out.

Peace out.

[Tower of Hanoi]

Hey, is the float really 18.2 million shares? Thats what my TDAmeritrade is saying.......

[tdeck]

Sure, will do some this evening, one positive for me personally, which I have discussed here previously wanting old man Trink to be gone, well that has happened.

More later, observations etc.

peace out.

[Tower of Hanoi]

Hey T, I think you and I are the only ones on the Hub who follow this stock! Could you expand on your story and what it means. You know I like this company just not enough confidence in it.

I DO NOT OWN SHARES. I HAVE, BUT DIVESTED YEARS AGO. DO YOUR OWN DD!!!!

[tdeck]

Isn't that something, MMs totally bypassing the GTC order for 91K @.11 this morning to show a sell of 300 shares @.08.

I was wondering if maybe the company was doing the share buyback now on the open market after repurchasing so many from the two larger holders, they should be out pretty much. OS and float getting smaller by the day, liking it.

Just wondering, still waiting for PR to say what they are up to, not so much for price movement as to learning the next step, Maybe October like last year, we will see. Peace out.

[tdeck]

And the wonderment continues, something must be up I have not seen this type of bid stack on SKAS for more a year or so? Pleased , but, still scratching my head. Peace out.

[tdeck]

Rather interesting bids lately and the stocks bid/ask has tightened right up, something happening we do not know about? It is due, maybe another October surprise and we get our next airport hub?

Who knows, but good to see, was ridiculous market cap was below cash on hand for a while there, as well having a rather nice revolving credit facility and shares being bought from the float for 6 months. Peace out.

Finally we can maybe just get a real proper value is one not worth the cash in his pocket at least?

[tdeck]

I understand ToH I won't be adding either until it dips hard as I know they will make it so. Hopefully the float will continue to get bought up, they finally add another acquisition, last years was in October I believe, and the revenues start to get back to normal. But, like I said I think the fastest route to that is for them to exit the tourist chopper arena, sell it off and just maintain and fuel them for the buyer, that way they make money and can stop with the city hall (bribes) payments and all the fighting to hold onto something not worth holding on to.

Keep it on your radar in case anything happens and .06/7 would not be a bad gamble but that is for your to decide. Take care, Peace out.

[Tower of Hanoi]

I'm going to take a pass on SKAS.

Best of luck-

[tdeck]

Seriously some bad luck with that darn crash I remember seeing on news and was relieved wasn't a sight seeing chopper, was a picture shoot or something, but, I guess it did muddy things up for a month or so.

Onward and upward, lets have a acquisition, all that cash and credit facility, proper due diligence for sure but lets get the ball rolling here and expand the airport FBO business.

[tdeck]

Not pleased with the earnings but expected now remembering the accident, no doubt the already bleeding tours business was adversely affected but seems one of our clients was the one involved. Ok, still made some money, hopefully they are looking for another airport hub and extension of that business which as I have said is the only long term route to go.

But, old man Trink taking the last copter ride is probably needed for that to happen.

[tdeck]

Its the heliport in Manhattan the one in the movies, every tv show movie that uses choppers and pad its Saker's. Its the only one in Manhattan, that's a small part of their income too tv/film fees. They have services for them and storage as well as operate the tours from it. You can see pis on their website. https://sakeraviation.com/

[Tower of Hanoi]

I'd love to get to NYC and see the operation "on the ground."

Are they basically a gas station?

Would love to see the B/A tighten up a bit, but love their low float. Let me know...

[tdeck]

We should know Wednesday they are good about filing on time think they have only been late once since I have been in. Hoping for the best and maybe some insight on direction as pertains to new revenue streams, hoping some DD been happening with another airport hub, we shall, see. They are a tight lipped bunch, but, with OTC I like the tight lips opposed to rumor and nonsense, LOL. Peace out.

[Tower of Hanoi]

Hey T: been waiting to get in- how did the recent financials look? I think this stock represents an interesting play if they can execute with innovation.

Not a bad value play at this point, I'd like it a bit cheaper.....

Peace,
TOH

I have no position in SKAS at this time, do your own DD.

[tdeck]

Looking forward to 10Q to see if indeed has kept the pace with revenues returning to normal. Looking for some word on how many shares they actually bought back further increasing the OS and float.

Still waiting patiently to see the next move, I am still in the camp for a continuation of the growth in the airport services business. All here know my feelings on the chopper business, other than retaining the NYC pad and services the tours can go bye bye for all I care.

Too much cost to keep it going than what is actually made anymore and it won't get better. Focus on the storage services part which will never end only grow and in NYC you have a captured audience with that pad its Saker or take a drive.

If a new acquisition comes in for new services hub should see something Q3nthats about the time we heard last year. Peace out.

[tdeck]

Also looking forward to seeing how many of the 5 million share buyback has gone through no doubt they bought them from note holders, doesn't matter to me as long as they get bought.

[tdeck]

Looking forward to this filing coming up should show the turnaround complete with the airport services hub adding more to the bottom line where the chopper tour business is lacking with the cracker box entitled people whined over a chopper coming by their precious buildings all of what 1 minute at the most as it passed by, you would think they were zooming by every 5 minutes, SOBs.

Looking forward to whatever is coming acquisition wise, getting the credit line in order and buying up shares is indeed a precursor to another services hub we shall see Peace out.

[Lazarus]

Picked up some today at .08.

I first purchased this stock in November of 2016

Going in for round 2


#lazarusislong

[Tower of Hanoi]

No, you actually did convince me. I checked it out, and reconsidered it.



DO YOUR OWN DD.

[tdeck]

I agree 100% although I know you were being sarcastic. When the current share buyback is done the market cap will be a pittance compared to what the company does/has. Look at my previous post around the 10K filing although convoluted (smoke a little too much weed doing those as I find them mind numbingly boring) they do point out a glaring picture that will be even more so after the buyback is complete.

And I would point you in the direction of the airport site and just how the building was redone etc can you imagine 100+ of these around the country? I agree NYC thing is huge, but headquartered there just hurts on taxes. It is something to hold on to but the tourist gig should be done away with would save a ton of money in taxes and bribes/lobbying money to the political machine as well can cut out Trinks daughter company that gets half the money just setting up the tours. Expand the maintenance/fueling/storage of rich peoples helicopters and run rich people here and there around the city to airports, meetings,holidays etc.

Just the money involved with the tours is rubbish a closer look would show it is a time and money waster that show just revenue while the storage/upkeep/fueling etc is where the profit is.

I am not one for keeping something just for revenues sake and as I said and the company has said the tours will face another hurdle when the current deal with the city is over. The money people in the high rise apts are worth far more to NYC coffers than heli tours.

I have said before and will say again in 3-5 years this stick will make me multiple millions yes I plan on accumulating on lows 1 million shares and stopping and just sitting back and watching it all unfold but I believe it will not be the way it is now, as well what about expanding the helicopter business to other cities? Just minus the tour thing to much headache, insurance/taxes and hand sout in that game.

Peace out.

[Tower of Hanoi]

OK, you convinced me. SKAS to $1.00!

[tdeck]

I know all about the Trinks the old man and his less than honest son. Lets just leave them alone. I like you only want the stock to go up. The daughter her company is the one that we share our money with as well, those are things one would hope we can rid ourselves of and NYC will never change for the better in respect to business's like this one it shall only get worse. Look for heli tours to be on the chopping block in the next 5 years thus the reason to spread out to other parts of the country. Go SKAS!!

[Tower of Hanoi]

Hey- I want the stock to do well too. I'm thinking strictly on the basis that servicing one potentially huge market is better than going out into a bunch of (very) small ones. I think NYC can change on a dime, depending on political winds.

There are interesting documents to read (if you haven't already) involving the family interest in this one, along with the painful NYC regulations/lease agreements that hurt them so badly.

MY OPINION ONLY.

[tdeck]

The stock repurchase program being expanded I agree with and am okay with the purchase coming from the funds that invested in the company when it was .03 a share they deserve it they waited and deserve the return. I am hoping this goes towards further acquisitions that they already have an eye on, which I believe it will. Reducing the OS is definitely a win win.

What I do not want to see is the insiders buying stock through options they have and the company buying them, I get wind of that I will slowly bleed my position out.

[tdeck]

We shall have to agree to disagree. Heli laws will not change and desperation? No its a sign of going another route as the NYC thing is never going to change but the other side of the business with select acquisitions can grow and grow and grow. Profitable acquisitions are just that profitable acquisitions. I now hold 620K shares so I am by no means a seller of the stock and do believe in it I just disagree on the NYC thing.

Add up all the money wasted on fees, taxes and bribes (lobbying) to the mayors office and its easy to see. All the money that is made gets gobbled up.

[Tower of Hanoi]

Could not disagree with you more- the NYC heliport IS the business. The trick here is to somehow make lemonade out of lemons.

Adding more locations is a sign of desperation. I'm sorry NYC changed its laws regarding helo tours, etc. This could be a $1 stock if it survives the next decade.

The decade after, It would make a great location for flying cars as well, but my imagination is running away with me............

BOL DO YOUR OWN DD!!!!!

[tdeck]

Sooner they find another airport operation or two the sooner they can get rid of that New York helipad which with the politicians there draining the city dry with taxes makes for not a good place to do business especially with all the non flying rules asked for by the elite tower dwellers.

The amount in bribes may as well call them that we have to pay to lobbyists and politicians to "fight" on our behalf added the exorbitant taxes there heck we even have to match city taxes that are taken out of employees checks add that to matching their state/federal et all is a waste.

All in all good though still a rock solid company at an extremely fare share price, just needs some tweaking. They are probably working on getting a new airport operation or two as I type this and in the long run I am glad it is taking time shows DD is being taken seriously in finding new acquisitions. Peace out.

[tdeck]

You too bud, now worries here like you said the new credit line (which was better terms and finally closed out debt from PA deal other bank was carrying the last of that so those interest payments are gone) will no doubt take a bit to get hammered out approved etc.

Unfortunately people nowadays do not care about market cap etc, but, that's today's trading its all about PRs nowadays. It could work to your advantage things have a way of working out that way sometimes LOL we get lucky and it all comes together. May get twice as much for the $$ when other plays do their thing, never know.

Peae out.

[Bobwins]

I would guess they had somebody in mind when they asked the bank for the credit line, although it replaced an existing facility. Still might take several months to approach a seller and hammer out a deal.

Mgmt does seem to have done a decent job here. Tough for a microcap to consistently earn profits when things don't go exactly as they had planned.

I don't have any cash so won't be buying anytime soon but will keep watching. Good luck.

[tdeck]

I saw that on tv, but at the end of the day I have been hoping as I think I mentioned in one of my posts I am hoping the chopper thing becomes more and more an even smaller part of the business, for a multitude of reasons, the city regs one and second the city taxes which are insane.

It will never go away the copter business but hopefully they can get more into just the storage repair etc for the wealthy they do that now but hopefully they can expand on that.

I am waiting to see the next acquisition, I know its an anytime thing because they do their serious DD before they jump now after the whole PS fiasco that was long drawn out and expensive. The Kansas deal is one that isn't just in every airport but I hope the reasons behind the returned to profitability after Q1 2017 and the share repurchase helped get the new credit line which in turn they wanted to get done no doubt to go shopping.

Always better to go in with cash especially if you are looking for that profitable deal that you can tweak and make even better. But you know as well as I SKAS gives no inklings as to what they are doing they just out of the blue drop a filing and bang there it is LOL.

With the share price as it is now maybe they will try and purchase shares from the market, it is hard with a float this thin but you do not have to do it all at once, have say a standing order with a MM the program is until May I think that is plenty of time to get them but at the end of the day I just decided let it fall and I will buy what I can in small increments and build up my sack to where I want it.

People want to sell for whatever reason I will be a buyer can hopefully get a few deals, trying to get longterm thinkers here did not fare so well LOL. People are more into the pump these days LOL.

Good point you had though, I think that copter crash was a photo shoot for either a building for sale or a magazine, I am unsure which. Sad to here, they did no doubt take off from the helipad and they definitely were busy there that day with doing whatever they could to help, shame.

Sorry for the long winded answer, get long winded when I finally get someone to chat with here, LOL.

Peace out.

[Bobwins]

I stumbled across an old article about a helicopter crash in NYC that killed 5 last month. Designed for tourists, the flight had open doors on the chopper and apparently the passengers died because they couldn't get out of their restraints when it crashed into the water. NYC naturally going to add more regulations. Will this crash impact Saker flights?

http://www.foxnews.com/us/2018/04/07/pilots-warned-safety-concerns-before-helicopter-crashed-in-nycs-east-river-and-killed-5-report-says.html

[tdeck]

Good thing no seller today, still boggles my mind someone sold 30K @.09 just fundamentals wise its crazy. Cash, non diluting credit, earnings almost 500K for the year, earnings revenues looking up for this year and acquisition coming with company buying back shares and someone sells for .09? Peace out.

[tdeck]

$SKAS a brief run down on the company for anyone looking.

Saker Aviation Services SKAS

Website https://sakeraviation.com/

A/S 100,000,000

O/S 31,978,149 as of January 30, 2018

Insider held shares 13,405,971

Float 18,572,178

Assets $ 6,694,307 of which $ 2,095,728 in cash

Market Cap $ 2,878,033

Earnings for 2017 $ 478,000 $.0143 per share

Earnings for 4Q 2017 $ 169,000 $,005 per share



And they have a revolving line of credit $2,500,000 just renegotiated on better terms with a new bank as per March 21, 2018 8k. The company is actively seeking its next acquisition. Will do in cash no share dilution.

https://backend.otcmarkets.com/otcapi/company/sec-filings/12639452/content/html

Company in the middle of a share buyback totaling 2.5 million shares which was initiated rather than a R/S which had been previously voted on and approved.

As per 10K filing January 30, 2018 of 1,673,190 shares repurchased.

https://backend.otcmarkets.com/otcapi/company/sec-filings/12505193/content/html

In 2017 company acquired FBO at a hub at Garden City Regional Airport.

Garden City, Kansas airport hub its facilities and services.
https://www.airnav.com/airport/KGCK/SAKER

Their operations at the Downtown Manhattan/Wall Street Heliport
https://www.airnav.com/airport/KJRB/SAKER

They also rent out the helipad for movie and tv filming.

Stock currently has a heavy short position in it.
https://otcshortreport.com/company/SKAS

[tdeck]

Those have to be short sales, if not good either way let the MMs get back even and we can move this thing along. Selling at less than the working capital less than the revenue per quarter simply crazy? Peace out

[tdeck]

And the MM games begin. EOM

[tdeck]

Those 9500 shares were real sells yesterday which is astounding to me, but some get very worried when MMs drop bids to get weak shares. No short selling yesterday at all which is good been to much of that the last couple of weeks thus the price we are at now, but its on anemic volume its irrelevant. Its just a low volume move that happens but with the last 5 days of trading being mostly buys at the ask you should know its not gonna drop its just a head _uck kind of thing.

Take the emotion out of it its obvious its not where it should be with the market cap being equal to just the working capital the company has with another acquisition coming but its immaterial and its ludicrous. Do the DD read the filings company buying shares, cash, credit line at a major bank for acquisitions without share dilution and company buying back shares, those are positives they are the best positives don't let the bid ask play games with your mind.

Alright good trading out there today all. Peace out.