Dart Group PLC, the Leisure Travel and Distribution & Logistics group, is pleased to give the following update on trading.
The Group continues to develop and build its businesses. The Board expects Group underlying profit before taxation  for the year ended 31 March 2017 to be ahead of current market expectations, as a result of lower than anticipated winter losses. Looking ahead to the year ending 31 March 2018, forward bookings in the Leisure Travel business for summer 2017 are satisfactory.
Trading at Fowler Welch, our Distribution & Logistics business is promising, as it continues to focus on growing and successfully developing existing and new business opportunities.
Sorry been ignoring the board. A busy month for the Tiger
I think 130 is pretty close ( however I go a tadge higher)
This may just be a temporary boost but prices from Leeds look very strong for 18
80 aircraft in fleet
22 aircraft live
The above shows that we have grown to 80 aircraft of which 22 were flying today mainly from the canaries.
With an early Easter this year I expect a good start for DART GROUP.
Things are looking good for 2018 and my £10.00 target based on EPS of 90/100p by 2020 look very manageable.
Should be about half of EZY revenue which to me shows just how far we have come.
Even with their latest purchases I think our growth is greater......yoy., both historically and in the next year.
I think ours may slow from 40% plus to 15/20% as we look at margin more.
The shares need to build a platform here now and not race ahead too far.
Based on my forecasts and just a 10x rating I expect the shares to be 800p plus and maybe as high as 10.00 upon the year end results ( and how the winter losses shape up)
There is certainly no case to sell ,even based on those weak brokers forecasts.
There are of course some turbulent times ahead of course with Brexit and what is going to happen to Sterling. This will impact Dart but who is to say presently if that will be positive or negative. Still what a day for Dart with the new highs today.
Oddly I went for AIEA in the same sector as opposed to Victoria which has gone very nicely for me though not as well as Victoria has for you but with a good dividend.
Looking at last time.
160 at half time and a 70 loss in this period.
WHY DO I NOT think the loss will be as great.
Lets start with last time a 11m fx hit.
Set up costs associated with London and Birmingham that fell in the period ,but without revenue.
Last year in the winter period we flew about 300k holiday flights.
This year I expect DOUBLE that.
That keeps the planes busy as half the seats are holidays.
Today 44 planes from 75 were in the air and a fair few New York trips are on going..
Dart are always cautious but this line is key on page 1.
Since the half year end ,we have seen a further strengthening of customer demand ,particularly for flight only product .We are ahead of expectations.
So looking back at the half year.
Growth at the expense of margin was better than expected. Almost 40% up in all areas.
They say as much "some price investment"
simply put we were buying business............and we new operations that's quite right.
I expect margin to move back to a + position in the second half.
Just add 1% back in there and what a difference...
long term debt has increased as we purchase new planes borrowings up 410m will of course cost us a few bob.
However against it we still have well on the way to a billion in the bank in upfront payments from customers.
So where does this leave us well I think even the revised figures are far too light and in typical DART fashion they will drip the good news out.
The company must be worth 12x earnings with this kind of growth especially in the holiday division.
I see a much slower growth in 18 maybe close to 15% but margins will improve and once Stanstead and Birmingham are fully bedded in ,I think further expansion ( Bristol) cannot be ruled out.
The company is well run and the airline is pretty good at getting flights away.
Always weather exceptions but we don't just cancel.
I think 90p eps could be achieved ( before any of these nonsense) write downs on fx etc.
As such just 11x gets me my 10.00 target and well on the way to a £20.00 target based on full year ending march 21 figures.
Profit of over 300m by then and the no 1 in the UK.
The future is bright and I remain a holder.
We are very close to breaking new ground and about 42 x my first 16p a share investment.
However our Friends at Victoria carpets are hot as well. The shares cost me 100p and we got 68p back in dividends followed by 292p a share total 360p
The shares have been split by 5 so the cost would be 20p. On Friday they were 840p which guess what is 42x my original investment.
Only on the dividend's does Victoria get it .
now if I had held onto all those I once had !!!!!!!
Hi Jersey Bob. I think Senn just has fact fingers. He does not believe unlike me Dart Group is a long term hold but I believe from what he has said he has not sold hence continued posting. If the share price continued this way we will all have to slice anyway. I started buying at 140 and topped up on the lows so even though I do not want to will probably reduce but I am in no hurry. Hold a good 5 figures of this share so 😀
Jet2 provide a service between Jersey and Leeds/Bradford. Their prices are keen, their planes are comfortable and their staff are amazing.
My wife broke her ankle on a recent visit to Yorkshire. The support and service we received was so impressive that I did a little research on the company and bought some shares at 500 and then some more at 521.
I like to read the iii boards relating to shares that interest me and I was impressed by Tiger's knowledge and enthusiasm. Conversely, I am puzzled as to why Senn still continues to post when he has made it clear that he is a seller. If I were in his shoes, I would be kicking myself now.
The sector has risen nicely today with Dart Group a little ahead. I suppect Ryanair and more importantly but sadly Monarch are very much fuelling this. Just back from Canaries, flew out EastJet back BA and EJ was far better but of course paid more for BA. Spoke to Jet2 people in the lounge and they were very happy. Sadly as I live south of London could not travel Jet2, maybe they will return. I noticed for the sector both flights were full. Sure most even Ryanair will do well through this period.
Are you seriously suggesting that everything posted on these forums is fact?
Not a chance.
As I said I did put a caveat on the post and I doubt very much if anyone bought or sold because of it.
As a matter of fact anyone who attends the AGM will know the directors. I try to attend each year.
The point I was trying to make was that the press never mentioned DART/JET2 and as I said I think they had a fabulous few days. People were trying to re book and rearrange.
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