Dart Group DTG.L
Dart Group is trading below the moving 50 day average and below the moving 200 day average on below-average volume.
Trade Dart Group long or short on margin at City Index .
151 of 899
Overall AIM Rating
7 of 68
Consumer Services Rating
26 Jun 2014
9 Jun 2014
9 May 2014
7 May 2014
30 Apr 2014
8 Apr 2014
31 Mar 2014
Re: The main reason results were .... by valuemanbuyer
Thu, 03 Jul 2014 22:21:00 GMT
The currency and poor summer bookings issues should all be one - offs so I'm still think the profits will rebound in next 18 months - definitely worth holding as sales continue to increase at over 10% . By valuemanbuyer
NEW ARTICLE: Share Sleuth Digest: Hedging your bets by II Editor
Thu, 03 Jul 2014 08:45:00 GMT
"This week: Doubts about hedging at Dart, Castings holding pushes limits, and whoâs the greatest? The Worlds greatest investors compared.More doubts about DartTwitter name @theredcorner has spotted a gremlin in Dartâs accounts that I didnât, and ..."
By II Editor
NEW ARTICLE: High flying Dart descends into value territory by II Editor
Mon, 30 Jun 2014 08:25:00 GMT
"Dartâs full year results ought to have been cause for celebration. In fact they precipitated capitulation. Traders may have overreacted to a dent in its growth story.Celebration and capitulationFirst, the results. Revenues in 2014 rose 29% and ..."
By II Editor
The main reason results were .... by CASTLEFORD TIGER
Fri, 27 Jun 2014 11:07:00 GMT
Jet2.coms operating profit increased by 17 per cent to £31.2m, but pre-tax profits fell 18 per cent to £23.9m due to currency reductions.
The above statement is clearly the reason brokers had 23p eps pencilled in when we all fancied nearer 30p.
Clearly the company knew about a 8 million hit. That's 20% on the EPS so the 24.7 would have been very close to our forecast 30p.
I am still studying the figures.
tiger By CASTLEFORD TIGER
Re: Yes i am buying by wastamoney
Thu, 26 Jun 2014 15:53:00 GMT
Thanks for the insight
I bought earlier today also at £1.84 having sold following the recent update at c£2.72 (as I recall you also sold).
Will be interested in further insights as you reference in your mail.
P.S. I should have looked at VCP when you flagged to me earlier this year!....Oh well, am still enjoying the current market and making money. take it easy. By wastamoney
Re: Re: by KEEPING CALM MIKE
Thu, 26 Jun 2014 11:15:00 GMT
Well youve the money !!
Good luck By KEEPING CALM MIKE
Re: by CASTLEFORD TIGER
Thu, 26 Jun 2014 11:10:00 GMT
Picked up a block of 100,000 earlier
Tiger By CASTLEFORD TIGER
Re: Yes i am buying by chinanigel
Thu, 26 Jun 2014 10:26:00 GMT
I could not resist either!!
A rare value buy these days. By chinanigel
Yes i am buying by CASTLEFORD TIGER
Thu, 26 Jun 2014 09:08:00 GMT
I have re bought my entire stake this morning between 180 and 186.35.
There is a big sell on the screen that is a buy.I know because its mine.
Its a poor end to a very good set of numbers.
we made over 24p last year and were forecast to make circa 24/25p in current year.
That left me seeing no upside....hence coming out at high 290`s..I see 10x earnings as being a fair value here.
Therefore with me thinking that we may have a flat year 24.7p short term 250p is fair.
There was a 10 million currency hit in last years numbers ( they knew that we didn't) that's why forecast was so far out from ours.
I disagree with poster about spending on Assets. They have bought and set up flight training and invested in aircraft.
We have 20 million of net debt and when interest rates go up the 250 million may make us 7/10 million a year.
I am concerned again about the poor PR by the company. It is something I will raise at the AGM.
I will give a full report later but I am happy to have a chance to buy back so low.
Tiger By CASTLEFORD TIGER
Re: Results - low margins & high capex persi... by valuemanbuyer
Thu, 26 Jun 2014 08:31:00 GMT
i think a semblance of balance is needed. Dart makes a return on equity of about 20% -thats as good as any airline . They choose to buy their planes rather than lease them. They are investing heavily to grow -and they have more than doubled sales in 5 years .so as a shareholder im happy to invest in a business thats growing at 20% per annum and returning 20%. this is a clear buying opportunity .i intend to buy back the shares i sold at 290p! By valuemanbuyer
Results - low margins & high capex persist by Norman Allday
Thu, 26 Jun 2014 08:13:00 GMT
Operating profit is £49.2m, and yet capital expenditure needed to stay in the game is £83.5m
And before anyone says 'profit is vanity, look at cashflow'...
Capital expenditure is an actual cash figure of money leaving the business ( e.g. in payment for wasting assets like replacement engines for very old aircraft). Cash balances of £263.7m do not even belong to the company because a figure greater than this - £286m - is customer deposits for future holidays.
No getting away from the fact that this business operates on thinner margins than even the cut-throat supermarkets, and it needs to invest a pile of fresh capital each year to stay in the game.
IMHO, DYOR, etc please
By Norman Allday
Re: FAO Tiger by suetballs
Thu, 26 Jun 2014 08:07:00 GMT
What I can't understand if the earnings are so visible why didn't they a attempt a guesstimate of the likely impact on profitability. This would have been a lot better than the simple bald statement they put out.
Suet By suetballs
Re: FAO Tiger by wastamoney
Thu, 26 Jun 2014 08:06:00 GMT
Just waiting to buy into my ISA, having made a few quid on KENZ last week. By wastamoney
Re: FAO Tiger by suetballs
Thu, 26 Jun 2014 08:02:00 GMT
Could be 150 at the rate it's going!
Suet By suetballs
big trade by mikeep
Wed, 16 Jul 2014 11:52:59 GMT
550k shares for 1.05m today and a slight rise in SP. Good to see a gradual increase since 180p on release of year end results. Still not sure how the hedging/exchange rate issue will affect future profits and am still baffled by the accounts and lack of transparency on this from last year. Hopefully business on all fronts is continuing to grow.
One profit warning may/often by jollyspeculator
Thu, 26 Jun 2014 21:59:23 GMT
[....]...fill in the cliche "Outlook Taking people on holiday, whether through the sale of a flight or a full holiday package, and the distribution of produce and prepared foods sold by supermarkets, are much-needed, high-potential businesses. Our scale, experience and competitiveness in each sector gives us optimism in our outlook for the long-term growth of the Group. In relation to the current financial year, we are finding demand for leisure travel, this summer, to the markets we serve, less buoyant than we would have hoped for and market pricing weak. This may be due to the weather, the World Cup, or because the financial recovery hasn't yet taken hold in our home territory, the North of the UK. Unfortunately, therefore, in view of the current visibility we have of our remaining summer 2014 forward bookings, we now expect the current year operating profit outturn to be lower than previous market expectations."
Tough to value by jollyspeculator
Thu, 26 Jun 2014 21:57:42 GMT
cos of all the hedges...so total net assets fell (and comprehensive income was negative) ...the op profit is not gauge of value creation here imv...with plenty going on elsewhere (hedges and leases in particular)
RE: better re-entry by jollyspeculator
Thu, 26 Jun 2014 21:48:04 GMT
Re:overdone? by corpse
Thu, 26 Jun 2014 12:53:55 GMT
Believe you are fan of charts, not done deep research. Chart looked respectable per revenues and economic climate and euro rate seems favourable but RNS not really justify drop, trying to book hols next year aswell and people already booked. So would have thought chart would stay on stream, just a view on light research.
Punt by corpse
Thu, 26 Jun 2014 12:37:34 GMT
Thought share over sold, so bought a few as numbers stacked up and up 7% profit, better than interest rates. May keep these for a while.
Reason for the fall IMO. by 2227
Thu, 26 Jun 2014 12:35:12 GMT
Dart did make a headline profit last year but if you dig down the accounts you'll find they actually made a loss of 3.3million pounds. If we look at their CONSOLIDATED GROUP STATEMENT OF COMPREHENSIVE INCOME they seem to have made a loss of 3.3million.Last year they showed a profit of 28million here. Despite the headline profit the SHAREHOLDERS EQUITY in the balance sheet is also down by 5million pounds. DYOR.
Mike by gotabesirius
Thu, 26 Jun 2014 11:01:23 GMT
Just had a look back at my posts in March and they have been removed..what a suprise!
RE: Over done by gotabesirius
Thu, 26 Jun 2014 10:53:43 GMT
This was a strong buy at 256 on ta alone in May and rose 10% subsequently. However today's forward looking statement is very bearish and that's where the market looks. 150p is where next support is I would say. In March I stated caution for long term holders as I had heard on the grape vine bookings for the summer were weak....This is a good trading share and predictable but a would not hold long term share as problems with compensation court case, air traffic problems in France causing problems and now the bearish trading outlook...
overdone? by riddler
Thu, 26 Jun 2014 10:01:18 GMT
but charts look scary on the 12-24mths
Over done by mikeep
Thu, 26 Jun 2014 09:14:17 GMT
I thought the results were excellent and the reaction has been to the downbeat comment on the last 12 weeks trading. This will be reversed. gotabesirius gives a "sell" today yet on 23 May said "Looks to keep bouncing off the 200 day ma very strongly. This is a strong buy at 256p. follow me at #sharemyadvice" . Why the change?
Classic by 458Ferrari
Thu, 26 Jun 2014 09:04:57 GMT
over reaction from the market, you'd think the jet2 went into admin looking the drop.
Things will get better by goldenaxe
Thu, 26 Jun 2014 08:51:48 GMT
Off course sales are down during world cup, ahh. Great oppertunity to top up.
Dart by gotabesirius
Thu, 26 Jun 2014 07:55:03 GMT
I did post a few months back that looking forward this was weak! Sorry for those long termers!
RE: Nice BUT.. by goldenboy2
Thu, 26 Jun 2014 07:11:33 GMT
yes i agree but attributed to the world cup as many wait until its over before booking, bookings have picked up the last 10 days ive been informed by someone at TUI. Interesting reaction to a very good RNS but adding caution. Just says a lot about peoples vision really.