Dart Share Discussion Threads

[tongosti] 17/12/2018 13:33

Where's the PE now fellas?Thought buyers would take the proverbial sellers's arm off at such ... ridiculously cheap (!) valuations innit?Probably not - cheap things get cheaper for a v good reason.

[tongosti] 17/12/2018 09:14

Good start of the week.

[fokker45] 16/12/2018 22:12

Fully agree with JoeKing1, never again will a Brit go abroad after 29 March 2019, the Europeans won't let us in after that date. Blue passports, pah, you need purple. Sterling will become as strong as the Zimbabwean dollar.

I am selling all my DTG tomorrow and buying a B+B in Skegness, as that's where all the DTG customers are going on holiday from 29 March 2019.

If he's wise, Meeson will sell his 737 fleet and buy some horse and carts to move the masses from Yorkshire to the Costa del Lincs.

[wagnerlove] 16/12/2018 21:31

@Joe_King, Maestro and all his mates - "78% of retail investor account lose money when trading CFDs with this provider”. Be careful out there lads!

[mr maestro] 16/12/2018 21:01

Just come off the phone to my Broker

He agreed that DART are in a seriously apprehensive position, or as others have already said, eggs in one basket.

Trust me, SELL SELL SELL

[joe king1] 16/12/2018 20:57

Eggs and basket.

Oh dear, fastest finger on the sell button.

The wise are already offloading to the unwise and have been for weeks.


In JK1 we trust.

[woozle1] 16/12/2018 20:34

Very amusing watching these pillocks posting on the other stocks. Check out TCG and you can see all Tongo's mates/aliases posting as if their life depended on it.
w1

[joe king1] 16/12/2018 20:01

This will totally screw Jet 2 with their eggs in one basket

Well done for bringing it to our attention TR4V2



Number 10 denies Brexit plan to warn against booking holidays after March 29th.
Number 10 have denied claims the Government is to warn against booking holidays after March 29th next year.

It's said to be part of no-deal Brexit contingency plans drawn up to be discussed by cabinet.

The warning was reportedly due to be discussed at last week's meeting of Theresa May's top team on Wednesday - but the meeting was cancelled after the PM faced a leadership challenge.

But the warning is on the agenda for this Tuesday's cabinet meeting, which will focus on no-deal preparations, according to the Sunday Times.


www.mirror.co.uk/news/politics/number-10-denies-brexit-plan-13740323

[tongosti] 16/12/2018 17:26

For the record - the only bull who bailed out in the wake of "smashing" results and said so in real time on this board was Snorkel.

Hats off to him on that one - I certainly have no problem recognising a pro when I see one.

Wish there were a few more like him on the other side of the market fence though - if so, exchanging opposing views would have been a far more interesting exercise.

Asia opening just a few hours away - should be an interesting couple of weeks ladies!

[castleford t1ger] 16/12/2018 17:12

Strong SELL

[wagnerlove] 16/12/2018 16:57

Sigh, I might as well be speaking Swahili. Tong, good luck mate. Most people on here are not trying to pump anything, they just want to have a civilised and constructive discussion. I hope the willy waving to strangers on the internet about the couple of grand you made in your spread betting account makes you feel better about whatever it is that is upsetting you in life.

BTW - I am bearish on markets as a whole. Trust me on this: I know much more than you about the listed garbage currently floating out there. High yield credit in Europe is turning sour, and many stocks are going to get smashed as the credit cycle gets ugly. Tide is going to come in soon enough. Im not being funny, its just that nothing you have ever written here has made me think you have any real insight into how things really work. Or that you do the level of research that you really need to know how to make money in a bear market. A little hint: look for companies run by promotional management with declining earnings boosted by multiple acquisitions, negative free cash flow and over-leveraged balance sheets. Victoria PLC is a prime example in the UK. Now that has been a very good short…

[woozle1] 16/12/2018 16:34

Tea time is approaching and sugar levels are low. Another Tongo alias. You can tell by the well-reasoned argument, rooted in fact and logic.
w1

[shaker44] 16/12/2018 16:03

Hahahaha. Another shorter

[tr4v2] 16/12/2018 15:30

Jet 2 have a major problem.

TCG are presently carrying out a major marketing campaign added with their Hotel Venture, etc, along the same lines as TUI, and are strongly winning back customers.

The Spanish market, and other European desinations are receding in customer capacity.

The major problem for Jet 2 is they have all their eggs in one basket in Europe!

The market knows this, Jet 2 is potentially the next casualty, a proper basket case by 12 to 18 months time.


Anyone thinking of buying this share is strongly advised to stay away by a barge pole distance - minimum.
Those deep in or under water will eventually end up like TLW ( remember the £10 days ) but as this is AiM, just another pump and dump like Purple.

To summerise.

Don't touch this with a barge pole, especially with Brexit, as Jet 2's egg basket is about to become scrambled.

[tongosti] 16/12/2018 11:50

And for good measure last time I shorted I covered at 40points loss. You do the math this time around how many points down from those "smashing" bulltrap results!MWAH

[tongosti] 16/12/2018 11:46

The only relevant thing genius is my cash register ringing all the way down from the "SMASHING" results moment. The rest is storytelling (aka BS)! THANK YOU

[wagnerlove] 16/12/2018 11:26

[Sorry, I meant it trades less than 0.003% of market cap per day. c. 300k of shares traded on average volume out of 149m total]

[wagnerlove] 16/12/2018 11:21

The only sensible question you need to ask yourself (all the rest is just noise): What would Dart look like if it were a private business? If you were offered the chance to buy a private business today which was earning £140k per year in net profits after tax, that had £1.4m of gross cash on its balance sheet, or £460k of net of borrowings, and net assets of £862k, what price would you think was fair to pay for the entire enterprise? If you were the owner of this business and someone offered you £1.1m for the whole thing, or £640k after net cash, would you sell? You would laugh them out of the room. Paying a £640k enterprise value for £140k in post tax profit and £1.1m of assets? If anyone knows of a private business like this I can buy for these terms, please let me know!

Dart produces £400m in operating cash flow a year, owns over £1bn worth of planes, has £1.4bn of gross cash, and is on sale for £1.1bn. Only reason this thing is publicly listed at all is because Messon is making use of the Aim inheritance tax relief rules. It doesn’t issue equity, or use capital markets for funding in any way. He doesn'r promote the company to the City, and shares are super illiquid. They trade 0.03% of market cap on average per day. Understanding this dynamic is your edge with this company. If you are patient enough to act like a private business owner would you will do very well indeed. The rest is just noise.

[tongosti] 16/12/2018 08:08

I really look forward to hearing more "successful top slicing" stories above £10 when DTG plunges into fresh lows!One senses perpetual bulls are suddenly starting to get it (they usually do so after finding themselves 30-50% down from their previously "unassailable" bull thesis).

[tongosti] 16/12/2018 07:59

Absolute BS!Idiots like this poster were extremely hostile before (£9.8) the release of "smashing" results. All of a sudden, now he/she makes things up of "top slicing" much higher and declaring current environment fertile for shorts. Nonsense - clear as day he's making things up after that fact!As another tool hanging around likes to say, THIS ONE IS CNBC material in the sense of providing extremely accurate descriptions AFTER the fact. Give the muppet a few weeks where he may as well have bailed out at last friday's price if DTG goes to 685p in a few weeks from now. One couldn't make this up!

[shaker44] 16/12/2018 02:43

I think your final para is spot on.

I top sliced at 10 quid and have waited to get back in. Have been tempted many times since but held off as Trump trade war/brexit factors are still roiling markets.
Furtile ground for shorts before the inevitable bounce.
And not a dead cat....

[joe king1] 15/12/2018 18:51

35% fall cometh




SELL

[fokker45] 15/12/2018 18:36

I first bought DTG on 17.02.2013 at 138p. My investment cost about £9000 and as of today is worth about £50000. I have bought and sold many times, but I still have that original investment. I bought those shares on a trailing PE of 5.6.

As regards the shares being on a slide from their high of 1017p (PE 13.6), that is certainly the case and they are 24pc down on the high achieved on 06.09.18. Can they fall more, yes certainly based on previous experience (but they can also go a lot higher as well).

Since I have held DTG, the biggest fall was from 675.5p (PE 10.7) to 358.5p (PE 6.0) in less than 7 months (12.04.16 to 27.10.16), which is a fall of 47pc.

So if they fall again by 47pc, that's 539p, with forecast FY EPS of 95p, that's a PE of 5.7. Since holding the shares over 5 years, they have only been rated lower on 20 days. I am very happy buying the shares on a PE of 7.5 and below.

At 775p they stand on a forward PE of 8.2, below the 5 year average of 9.0. So I think DTG is cheap at the moment, but they should be with Brexit unknowns. However I believe the eps for FY2019 is going to be higher (see previous posts) so I am a buyer at the current levels, but I am well aware that they may sink another 200p. However, I am in for the long term as revenues and profits growing nicely, has good and stable management, and it looks like TCG will exit some markets where they can't make money, but DTG can as they are much more lean.