Dart Share Discussion Threads

[tongosti] 16/5/2019 10:02

They probably will - at 3p a share maybe.

[our haven] 16/5/2019 09:58

TCG Results as bad as I expected. Share price down 16% at this point. Noted the £300m bank loan to enable them to struggle on for a while longer.Can they yet find a buyer as a going concern?

[tongosti] 16/5/2019 09:58

Hardly a surprise for a typical commoditised industry - margins suffer when all one can do is compete on price alone.

[shaker44] 16/5/2019 05:13

Including all non optional add one??

[castleford tiger] 15/5/2019 18:33

Sitting in portugal and needing a flight home tomorrow a day early it’s just £20 with Ryan and £25 for jet 2
Clearly massive overcapacity still.
I think sub 20 tomorrow
Tiger

My post on Tcg board

[pjleeds] 15/5/2019 13:11

Our day will come, get in there!

[fokker45] 14/5/2019 16:41

TCG interim results out on Thursday. No doubt it will be the wrong kind of weather and Brexit to blame for further financial deterioration, and not a broken business model, poor customer service and lousy management to blame for poor figures.

[woozle1] 10/5/2019 10:13

CB7, Meeson allows jet2 and fw full autonomy. There is virtually no management distraction and the amount they'd get for it is so small that it would have little impact on the valuation and the benefit would de minimus. If it was a distraction and they needed additional capital it would have been sold. Moreover, many of the fw lorries are jet2 branded, which gives the airline and package business lots of free advertising as they drive up and down the motorways of the uk. I'm afraid cb7 you are getting a bit lost in your underpants on this one.

[our haven] 10/5/2019 08:55

CB7- Thanks for your concern. I do understand the point that you are making but I am sure the management at Dart can cope with the distraction.My point was more about timing. You seem to believe that you can call this better than the management team and that the impact will be a large upside to the Dart shares which I doubt.

[pjleeds] 10/5/2019 08:48

See post5768

[cb7] 10/5/2019 08:14

Any growth at F-W is pedestrian when compared to Jet2 and its proportion of profits is small. Management time would be better focused entirely on the airline ops - FW is a distraction. Although both are in the transport sector, there is no overlap, integration or benefit from both being joined in one company as they are too different. The valuation of Jet2 as a stand alone airline would be higher without F-W. The logistics arm could have been sold off or demerged years ago and its valuation wouldnt be much different from today! The capital from any sale could be more profitably employed by investing in the Jet2 op. Shareholders would benefit from a split or sale.
If you cannot see this Our Haven, you should not be investing in shares.

[castleford tiger] 08/5/2019 19:15

Held up better than TUI and TCG this last few days.
On the 8.15 from Leeds let’s see how busy they are
Tiger

[our haven] 07/5/2019 10:58

I flew with them direct to Cape Town so maybe not one buyer but two.BA could do with some new planes!

[woozle1] 07/5/2019 10:10

I'm wondering who will pick up the UK airline part of TCG. Condor will go to Lufthansa.
w1

[woozle1] 07/5/2019 10:09

FW accounts for so little of the m/c that it makes no sense. I thought they may do this to help finance the new fleet but clearly management believed that strong cash flows would be enough. They'd be lucky to get £50m for it versus the m/c of £1.5bn.
w1

[shaker44] 07/5/2019 08:40

I don't see a single reason to try to 2nd guess PM and the board. They are doing an amazing job in my view.

[our haven] 07/5/2019 08:25

CB7 Dart has been a great growth story so why the need to sell or de-merger? You imply that had they done this when you first said then, the value of this action would have been less than it is today.Diversity in the business is no bad thing and you could be correct that there is currently greater value in a split, but it is a one off gain not currently required in my opinion.

[cb7] 07/5/2019 07:43

Many years ago I said this and it is even more true now. They should either sell off Fowler Welch or demerge it. The sum of the parts is greater than the whole.

[castleford tiger] 03/5/2019 18:37

I asked him that very question at the AGM.
He took me for lunch and explained this was his baby/his life.

DM sent to two posters

Tiger

[pawpawman] 03/5/2019 16:36

born October 1947

[snorkelparker] 03/5/2019 15:06

I think he is 70 ..retire i don't think so this is his life ..slow down a bit maybe..but hearing he is feeling great and really on top of his game..

[wilddcw] 03/5/2019 14:54

How old is Philip Meeson? He will have to retire at some point and I haven't seen a recent photo of him for a long time. Stephen is the one seen in the press these days.

[woozle1] 03/5/2019 11:45

Airlines are inherently risky: terrorism, fuel, unions, air traffic control etc. If you fret too much about these issues Dart is not for you. But at a sub 10 or that’s in the price.

[sogoesit] 03/5/2019 10:11

wagner:
as snorkel says, management is key here. Either if they leave or if they screw-up.
I've been in GVC for a while and, recently, senior management decided to sell a load of stock with a badly worded RNS implying they might leave (or be there only a short time more). GVC's management is good but that kind of "mismanagment" can eff-up the share price

A UK recession that looked more than short term would also cause me to re-think exposure, or reduce exposure, to this sector in this specific region.