Previous Close: 194.00p* (real time prices at ADVFN) Previous Range:190.00 - 198.00* Previous Volume:1057774 shares (up on average)* Trading:above the 50 day M.A. (76.008) & above the 200 day M.A. (72.1061)*
I agree Tiger. Jet 2 don't have a problem in competing with E and R or anyone else. Its just a question of how mature they think the Northern market is. Can't believe we wont see £3 by November when the summer trading figures are public.
No do not sell.
Wait for the upgrades to flow following stronger than expected results for last year due soon.
As for competing with EASY and RYAN..both operate out of northern airports.
EMA its EASY V JET2.
Leeds MONARCH AND RYAN V JET 2
MAN all 3 against JET 2
If we were going south I would be looking at STOBARTS southend and screw them for a deal.
Also BIR is still not touched/STAN/LTN..that's before you even think of the big two that I would avoid.
Setting up new bases cost money until you get enough flights/critical numbers etc.
Still plenty of growth up here.
Welcome LEEDS boy...no doubt the posh part !!
I do agree that the target is to turn JET 2 into a holiday company as that's where serious profit is.
We are doubling year on year so current year we expect 800k holidays.
Within two years we may be 1.25 to 2.00 million.
ps note how we have 2 down days and then a big leg up..
Yes, but at what cost? Dart Group is earning great returns in the north. Why go to the south where you compete heavily against Ryanair, easyJet and many others, which all have newer and more efficient planes? They can price Jet2 out of the market. I believe Jet2's lack of presence in the busy airports is completely intentional. By leycrjb99
I would be very surprised if they expand into the more competitive airports such as Gatwick. I think Meeson sees future growth coming from Jet2holidays rather than expanding Jet2 into more airports. By leycrjb99
Some excellent points thx Tiger. I note that they are trading around 9-10x year 2102/13 .That compares with 14-17x for Easy jet / Ryanair. The value gap is probably due to there only being a 28% free float (v little in £ terms) and a discount for the freight business & that is jack-all research on the,. I reckon the gap will close the bigger they get as they get more awareness & if they divest of FW & if they start to PR themselves a little in the city.
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19 April 2013
Dart Group PLC ("the Group")
Dart Group PLC, the Leisure Airline, Package Holidays and Distribution & Logistics Group, is pleased to give the following update on trading.
The Group believes that pre-tax profitability for the year ended 31 March 2013 will be ahead of current market expectations as a result of lower than anticipated Winter losses.
Looking forward to the year ending 31 March 2014, overall forward booking levels for Jet2.com, the Group's Leisure Airline, remain in line with its 13% increase in capacity for Summer 2013. Jet2.com continues to be supported by the successful expansion of Jet2holidays and its sales of great value package holidays. Trading volumes are developing satisfactorily at Fowler Welch, one of the UK's leading distribution and logistics providers, and the business remains well placed for profitable growth.
The Group continues to develop and build its businesses, and we are cautiously optimistic about our ability to increase profits in the current financial year, notwithstanding the continuing tough economic environment.
Trading update was what I meant. Coming up soon, then. I have been thinking about buying more as they seem to be doing well and perhaps more confidence in logistics now. But am a Novice and originally bought in around this price.
Yes, I have been waiting with tin hat on for years....The Euro Debacle & US Fiscal Consolidation are going to be fun to watch over 2013
Sometimes (2007/8, say, or mid 2011 and Spring 2012), I feel a genius & rather smug
Most of the time, I feel out-of-the-crowd but Jolly relaxed
Still in @ CEY .Still see minimum 50% ups1de from 50p.DYOR et al.Good start to year as I pushed the boat out on that one!Also expect WSG to kick on through 40p from here.looks like most of the fun has already been had on Dart?I expect a market correction any day soon so have parked a fair amount £££ on perennial favourites like Av.,CSN until they behave better when the gloom returns.Hope your net net screening identifying some choices cuts.
Good Bletchley Park work, Ups!de - fancy a pop at 2.5 if it ever gets there
CEY: I dithered; well done for taking the plunge (are you out now?)
I like all three of your tips - best of luck with them
(imo/DYOR/Not Investment Advice) The easiest money here may be behind us, but there is still plenty of upside: the multiples are still rel low and I like the alignment of interest between management and ownership
Jolly,Received & understood....may I ask what makes you optimistic about DTG. Feeling very pleased with myself wrt CEY & WSG- with more strong ups1de to come imho.Now all I need is GBO,GDP & AVN to eventually come good!