Dart Share Discussion Threads

[snorkelparker] 19/2/2018 09:42

Wonder if it will follow previous positive news / announcements and move higher over the next week.. Sold some cfds at 7.46 so glad to be a bit delevaraged..

[woozle1] 19/2/2018 09:24

Oh dear. Tongo still shorto? Only one person religiously adhering to the wrong view on this BB.

Bless your little soul.

w1

[karadas09] 19/2/2018 09:21

@Nocton - Broadly in line always means slightly under. I read the statement as "this year is materially ahead of expectations, next year very early days, solid numbers but will be hard to beat current stellar year". As you say the company has tended to be cautious rather than bullish in it's statements, which I am fine with, much better to see cautious forecasts revised higher than bullish ones revised lower.

[minky] 19/2/2018 09:21

Not surprised. Well supported by travel agents.

[melody9999] 19/2/2018 09:20

Nocton - understand yr comments and to be honest last year I would have continued to hold. This year I am happy to increase cash where I can take a 17% profit on the day as I re-align my portfolio to become more defensive.

[nocton] 19/2/2018 09:08

melod9999, note the first sentence: "It is still early in the leisure travel booking cycle and we remain cautious on pricing." following "the Board now expects Group underlying profit before taxation for the year ending 31 March 2018 to be MATERIALLY [my caps] ahead of current market expectations." As Valhmaos has said "Under-promise and over-deliver is the nature of the game here" - Dart have a consistent record of doing better than they promise so their "broadly in line" should not be interpreted as "slightly under". This is a very well run company that has been a fantastic investment and not one I should like to be out of, although I have taken substantial profits along the way from 16p ten years ago, having first bought at 154p (=31p after share split) in 2004.

[bookbroker] 19/2/2018 08:54

Benefitted from the demise of Monarch, like other tour companies, particularly as Monarch principally a holiday company, unlike EZJ and RYA. This is a growing airline/holiday business, Fowler Welch a bit of a drag on it, and it seems that the consumer is not compromising on leisure unlike spending on general retail!

[melody9999] 19/2/2018 08:35

I'm surprised at the share price reaction this morning. Clearly expectations were not that high. I was focused on this comment:

It is still early in the leisure travel booking cycle and we remain cautious on pricing. However, given the satisfactory forward bookings and the execution of our growth strategy, the Board currently expects the Group's trading performance for the year ending 31 March 2019 to be broadly in line with the current financial year.

'Broadly in line' interpretation is 'slightly under'.

Consequently I was delighted to sell in the 750's and look forward to re-entering lower down.

[onjohn] 19/2/2018 08:25

£19 coming

[snorkelparker] 19/2/2018 08:21

One for the dart faithful.. Let's have a beer..

[valhamos] 19/2/2018 08:02

Under-promise and over-deliver is the nature of the game here; something traders or less experienced investors miss when they concentrate on backward looking share price movements.

[snorkelparker] 19/2/2018 07:52

Announcements don't get more positive than that.. Let's see if the share price reacts strongly

[hatfullofsky] 19/2/2018 07:22

Fantastic news and 2019 in-line with the materially ahead 2018 to boot.Let's hope this is the start of the re-rating

[opodio] 19/2/2018 07:10

Current Financial Year (FY18)

Due to the continued success of our growing Leisure Travel business and a more normalised pricing environment after the heavy discounting in the market over the past year, the Board now expects Group underlying profit before taxation[1] for the year ending 31 March 2018 to be materially ahead of current market expectations.

The Group will publish its Preliminary Results for the year ending 31 March 2018 on 12 July 2018.

[tongosti] 17/2/2018 17:21

To newbies of this board: the religious high orders of DTG online support club get easily irritated by anything which does not fit with their view (like cash in the bank has outperformed this company for about two years now). Some of them are simply bulls in a bull market happy to ride the train all the way back. Bless them all!

[tongosti] 17/2/2018 17:17

Ah dear - (as you can see) I never filter opposite views (that range from idiotic to simply not clever enough). Those that do so (remind you of anyone?) though tend to have confidence & intellectual shortcomings. Am sure your mom must have shared such wisdom ages back but somehow you forgot all about it (aka known as falling in love with groupthink). What makes you think you deserve a reply? Give it a shot - humor me...Ps. And darling, selective memories put you in the same category with the w's of this world. Number one rule in human engagement is integrity don't you think ?!

[castleford tiger] 17/2/2018 16:37

I said so a few weeks ago. If you must know i went short at 548.73 (btw, I always state my entry and exit points - my historical posts on this board are a testament to that)

Since Tong is here can he explain to himself how this short is doing?

Oh we wont be able to see what he says!

[tongosti] 17/2/2018 15:28

Hopefully the share price (irrelevant as is) will react to that and look good too.

[suetballs] 17/2/2018 12:14

Just booked my first holiday with Jet2com - Sorrento in late May flying from Stansted. Looks good.
Suet

[castleford tiger] 17/2/2018 08:47

Wilddcw
Its a cost saving I understand and gives us control.
We pay out a handling co now so it will have little difference I feel
Yesterdays Leeds to Ten was 98% full which always pleases me.
My pal is doing LBA faro tom morning ( this is a new added route) so I will see what the numbers are like.
This was not even possible as they did not winter fly Faro. He is pleased.
Tiger

[wilddcw] 13/2/2018 13:15

CT - Have you taken into account that Jet2 are going 'self handling' at the two new bases this year.

[snorkelparker] 13/2/2018 09:56

Hiya CF,

Nice pop this morning and nice to see a little bit more volume, someone is reading your post I wonder ...

Thought they may have been a bit more spend on the new bases, so be great if that's the case and it's been taken up and expensed in previous half year, PM would favor expense rather than capitalizing cost where possible, the advantage of not trying to appease the City.

Interesting your point on the A330's operating during peak season, also guessing snow season is going well. Thanks for your input and kicking me up the backside to buy on the dip..On a few occasions I have bought on the initial fall then procrastinate when it really drops..

Shame there are so few CEO's like PM around very hard to find.

Please share your thoughts on the 2018-19 when you get a feel for numbers.

Cheers Snk

[castleford tiger] 13/2/2018 07:53

Snorkel

The upfront costs at the two new bases were taken in last years accounts.

Profit before taxation reduced by 14% to GBP90.1m (2016: GBP104.2m). This result includes considerable investment to launch our two new Jet2.com operating bases at Birmingham and London Stansted Airports

So on going costs at the two bases should be more than covered by the huge uplift in sales.
I do still think other bases are supporting the expansion with prices say at Leeds much higher than at London.

Sales have been well above internal forecasts helped of course by the Monarch effect which gave a very big boost to short term sales and profitability.

This year( well from 01.04.18) as I posted before the numbers really jump up to 12 m and I have yet to work out the holidays they will sell.
However 1.7 m to I guess 2.45 in year ending March could very well be close to 3 million.
The trading update post year end will give us some clues but I feel 70p eps is a good a fair target.
Whilst there are new planes to finance they carry more so are more efficient and of course costs in maintain will fall.
The fact that they are operating 2 A330 this year during the peak season shows demand is strong.
I like you bought the recent dip as the price only really jumps when the market sees news (as PM is not interested in pushing the price up ) he much prefers a steady climb.
I remain happy with my 10.00 target in the next 2 years.

Tiger

[snorkelparker] 13/2/2018 07:03

Cheers, just have to see how it pans out. interesting times ..

[shaker44] 13/2/2018 06:59

Ok thanks. Best of luck with the trade. Cooks looks like a going sideways kinda share, but high probability you will take a profit!