||EPS - Basic
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Real-Time news about Malcolm Group (London Stock Exchange): 0 recent articles
|invisage: Hey Guys,
Just thought id tell you about DART GROUP. - The smart investors' favourite budget airline -
A host of shrewd investors are backing budget airline and distribution business Dart Group with one top smaller companies team buying at the start of this month.
Dart (DTG), which operates fledgling budget airline jet2.com and also offers air distribution services using the same planes, has become a tempting destination after a slump in its share price in the second half of last year.
Heres a few reasons why its a good time to buy now...
* Results in 7 weeks (16th June)
* ISA Stock
* The first half of the year Dart's pre-tax profits rose by 31% to £7.1 million from a 16% rise in turnover
* Company is very cheap with a P/E of only just over 7 and a forward P/E of just over 6
* Offers a healthy 4.7% dividend yield
* Market Cap. 45.70 m
* Shares In Issue 34.49 m
* 3.7% spread
* Directors and Institutions hold 61% of the shares, very few in public hands.
* Loads of cash in Bank
* Jet2 operates from Leeds/Bradford and Belfast with flights to 13 destinations once a Belfast-Prague service is launched at the end of this month.
* 16% (net book value) of the total tangible assets is in freehold property with less than 1% in short term leaseholds
* Airline booking increasing this year, a Very good recovery play considering the stock is on the bottom of its range...
When Dart's fleet of aircraft is not being used to transport holidaymakers they are utilised for distribution services, ferrying cargo, fresh produce and flowers. The company is also involved in freight forwarding at Manchester, Newcastle, east Midlands and London Heathrow.
|lengeorge: Does anybody know of a reason for the price fall, other than market sentiment? I appreciate that the 95p "anchor" has gone but I cannot find anything suggesting weakening business performance (as against share price performance). The last I remember reading was that the (remnants of the) company mentioned tough market conditions but continued to show good profits and cash flow. Have I missed something?|
|lengeorge: I understood that the attraction of this share was the dividend (taken), the buy back (looked low at 85p and not taken by me), and the prospect of what should now be a profitable transport company enjoying a higher rating and thence a higher share price. That last should still be to come. Any comments, and am I missing anything except the general market malaise?|
Malcolm Group share price data is direct from the London Stock Exchange