Dart Share Discussion Threads

[fokker45] 19/3/2019 11:43

Following the recent post about analyst estimates, I have looked at the share price the day before FY results and show what forecast was:

FY2016 540.5, 51.3 = PE estimate 10.5
FY2017 654.5, 49.7 = PE estimate 13.4
FY2018 740.0, 61.0 = PE estimate 12.1

At moment:

FY2019 846.5, 94.0 = PE estimate 9.0

For the last three years eps has been 15.2pc higher than estimates.

If that same ratio happens again for FY2019, we are looking at 108.3p. Of course there may have been a slow down in bookings in FY2019 due to Brexit uncertainty, but then again we have good wages growth and the highest level of employment for decades reported today, so who knows where eps will come in.

Also, I have looked at 5 year trailing PE, and that is currently 14.0. At yesterday's close of 842.5 and last year's EPS of 74.59, that's a PE of 11.3, which is 19pc lower than the 5 year average.

I had been holding quite a bit of cash due to Brexit uncertainty, and while nothing is a sure bet, Dart Group seems undervalued at moment, so have this morning increased my holding again by 35pc, and Dart Group goes from number 2 to number 1 holding in my portfolio.

[castleford t1ger] 18/3/2019 19:01

Strong SELL

[cb7] 18/3/2019 15:50

CT - when you gave increased frequencies from LBA in 2020, this doesnt truly reflect growth, because of the reduction in capacity due to removing the 757s.
I think it is an excellent decision to base the larger capacity aircraft at slot constrained MAN. Furthermore it will reduce operating costs at LBA.

[snorkelparker] 18/3/2019 15:32

Thanks for putting us on to that, great that it was a Jet2 holiday that was used. Thought they came out of it pretty well..

[snorkelparker] 18/3/2019 14:37

Thanks tresham, the link works fine..

[tresham] 18/3/2019 12:53

hxxp://www.channel5.com/

[snorkelparker] 18/3/2019 11:09

I cant get Channel 5 here ..see where else can find it

[tresham] 18/3/2019 10:12

Examine whether you watched the documentary or waited for a blog answer.

[snorkelparker] 18/3/2019 08:10

What was the outcome of the documentary? Are all in holidays worth it?

[tresham] 18/3/2019 08:07

There was a good documentary at 8pm last night on channel 5. “All inclusive Holiday”, Is it worth it?

[snorkelparker] 18/3/2019 07:26

Back to where we were a year ago on the share price... let's have a look at the other players and their performance for the last year.

DTG 0%
TCG (74.53)%
OTB (19.98)%
TUI (47.22)%
EZJ (22.52)%
RYA (24.00)%
AIM 100 (12.55)%

Looks like the little AIM 100 share has held up OK. But more importantly how much has DTG progressed the last year...increased market share, number of own planes, establishment of new bases, revenue, dividend growth, profitability...etc etc No large reported shorts of .5% or more out there, manageable debt offset against actual assets and plenty of head room for new products, new bases and new locations. Have to think this counter is just starting to get going..

Jet2 handled the current few years of expansion while remaining very competitive and being the top end of all customer service polls. So very promising that further expansion should not come at the cost of good service and value for money.

[snorkelparker] 18/3/2019 03:38

Nice to see 500k share go through on an up day, been a while since seen that volume.

[snorkelparker] 18/3/2019 03:17

CF Yep, guess not in a rush to update if there are no material changes to previous expectations. which is probably a good thing as last guidance was good only highlighting some cost pressures.
You have a better idea of whats going on inside DTG but hearing that whilst trading is tricky, they are upbeat and confident on some big things coming through in the next years. certainly think a further plane order of a decent size is in the pipes but what size are the planes going to be. there is a untapped Jet2 market in medium haul, maybe the East coast of US and the Caribbean ?
Bed down the existing bases and then make the next big move as they move to bigger ticket holidays ?

[castleford tiger] 15/3/2019 18:46

They might wait till after year end ?

[snorkelparker] 15/3/2019 15:02

Be nice to see it push past 880..
Got to be getting close to trading update one thinks..
difficult to say what will happen then.
but a close at these levels will wrap up an Ok week..

[castleford tiger] 15/3/2019 14:27

close to breaking the 5 month dip ( to november)

Tiger

[tongosti] 15/3/2019 12:19

SG - hope it works for you. Gd weekend.

[sogoesit] 15/3/2019 10:28

Yep, I'm right there ... in the gap!
On my mid-trend view I will accumulate upto 935p approx.

On another view break abouve 865, if confirmed, should clear neckline.

Good luck!

[tongosti] 15/3/2019 10:14

Proverbial "signal" for bulls is only north of £10. For bears is south of £7.5. Mind the gap ...

[sogoesit] 15/3/2019 09:46

All noise, no signal is my guess!
;-)

[tongosti] 13/3/2019 14:45

The W crowd pretending to post as me. A few sad geezers populate this board. Woof woof!

[shaker44] 13/3/2019 13:49

Don't feed the trolls. Just filter.

[tongostl] 13/3/2019 13:32

Il tell you what's a really terrible investment......TCG, you wouldn't want to be deep in the red with that one lolz