Stobart Group Ld Dividends - STOB

Stobart Group Ld Dividends - STOB

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Stock Name Stock Symbol Market Stock Type Stock ISIN Stock Description
Stobart Group Ld STOB London Ordinary Share GB00B03HDJ73 ORD 10P
  Price Change Price Change % Stock Price Low Price High Price Open Price Close Price Last Trade
-1.00 -2.16% 45.30 44.90 47.85 47.85 46.30 15:15:53
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Industry Sector

Stobart Group Ld STOB Dividends History

Announcement Date Type Currency Dividend Amount Period Start Period End Ex Date Record Date Payment Date Total Dividend Amount

Top Dividend Posts

fenners66: fenners66 8 Mar '18 - 09:17 - 953 of 1896 Edit I had a look at these for the dividend a couple of months ago, have not bought and they have declined since then. The dividend not supported by earnings until perhaps 2022 means they are just giving away cash off the balance sheet until then. My interpretation of that is as it is paid out - expect the share price to fall and not recover. Once earnings support the dividend then the yield may be sustainable - until then it is just returning surplus cash to shareholders. So I can see why they would look to add something to the business such as Flybe - there may be synergies -but equally the vertical integration means they also take on the risk of not being able to pass on cost increases to the airline. Effectively Stobart is a bet that in 4 years time they will come up with a profitable business but there are a lot of things that can go wrong/not happen in 4 years.
fenners66: jonwig 14 Nov '19 - 07:20 - 1785 of 1795 "This is/was a Woodford stock, wasn't it? The H1 results satement here has 68 instances of the word "underlying". As the IC pointed out a week or so ago, there's an inverse relationship between use of that term and subsequent share price performance." Certainly seems to be the case that the inverse relationship is strong today ! I guess they can write the BS and fool some of the people some of the time .... but really , the more BS surely less likely meaningful investors are going to bother. When I read massively adjusted P&L's where losses and costs don't count it tells me that the management don't take responsibility , none of the losses are manageable always blaming something or someone else. So they should not be managing....
jonwig: This is/was a Woodford stock, wasn't it? The H1 results satement here has 68 instances of the word "underlying". As the IC pointed out a week or so ago, there's an inverse relationship between use of that term and subsequent share price performance. Actual losses seem to be at a record level.
woodhawk: Strong update. Share price has been beaten down ridiculously low, like so many others.
nige co: I'm hoping to pick more of these up after the Ryanair pilot strikes that are planned for the 22nd and 23rd of August and the 2nd, 3rd and 4th of September. I'm hoping for a share price of below 110p. 100p would be nice.
bluemango: This closing paragraph in the "this is money" article caught my eye: 'Sources close to Stobart said it was 'ultimately irony' that Tinkler's website was called Save Stobart Group because they argue that Brady was trying to do that after Tinkler left the company with an unsustainable dividend policy and a balance sheet in 'disrepair'." Hard to disagree with this comment. The dividend policy was indeed unsustainable, hard to imagine why Tinkler or anyone else could suggest otherwise. And if Brady is lined up for a whopping bonus if the airport is sold at a significant premium, then some would say good luck to him, good he's got that massive incentive to make a success of it. And the decline in share price since Tinkler left is simply the market adjustment to a more sustainable dividend.
aishah: Former Stobart boss Andrew Tinkler said he was putting his courtroom battle with the company behind him after a court refused him permission appeal today. Tinkler told City A.M.: “I’ve always said I was about to move on, I thought it was only right trying to go for the appeal, all I was trying to do was protect shareholder value over that period.” In February a judge ruled that Tinkler had made “serious”; breaches of his duty as a director. Tinkler had tried to oust the management of the Southend Airport-owner, accusing them of destroying shareholder value. He was supported by former star trader Neil Woodford in his bid to eject the company’s chair Iain Ferguson, to replace him with Edinburgh Woolen Mill boss Philip Day. However, Ferguson won a narrow victory in a shareholder vote at the company’s general meeting in July. The Court of Appeal today refused Tinkler permission to appeal against the February judgment. “it’s about moving on now,” Tinkler said today. He said he had no plans to sell his stake in the company and believed there was value in the business, despite a share price collapse over the last two years. “I am still a responsible shareholder, I will continue to make sure that value is preserved,” he said. “There is value in the business although the share price has taken a massive devaluation over the last two years, down some 65 per cent. “With a new chairman elect coming in, hopefully they can make changes there and create the value we set on in 2017.” In May, Stobart selected corporate turnaround specialist David Shearer as its new chairman as its moved to get its business back on track. So Woodford out and Tinkler supportive. Removes a big overhang imo.
garycook: Stobart Group H119 results boosted by Aviation and Energy 30 October 2018 | Stobart Group, Industrial support services, Update We see investor opportunity in Stobart’s main divisions of Aviation and Energy, which continue to perform well and will benefit from planned investment, notably in Aviation, which should expand the business and drive long-term profitability. Underlying EBITDA grew strongly, up 10% in the first half. Aviation saw a strong rise in both passenger numbers and underlying EBITDA per passenger at London Southend airport, its main business. Energy’s performance has benefitted from higher volumes, a better customer mix, operational gearing and cost management. H119 results update Industrial support services 30 October 2018 Price 212p Market cap £751m Net debt (£m) at 31 August 2018 75.6 Shares in issue 354m Free float 87% Code STOB 52-week high/low 287.8p 204.0p Business description Stobart Group owns and operates London Southend Airport, renewable energy fuel processing and supply assets, a rail and civil engineering business, a property portfolio, a regional airline/leasing company and non-controlling equity investments in logistics.. Results boosted by Aviation and Energy Underlying H119 EBITDA rose from £15.4m to £17.0m, reflecting growth in the main divisions of Aviation and Energy. In Aviation, London Southend airport (LSA) saw strong growth of 37% in passenger numbers and 87% in underlying EBITDA per passenger. Management outlined new airline agreements and plans for further retail development at LSA which should boost future performance. Energy’s underlying EBITDA rose from £4.6m to £8.7m; plants commissioned last year are now approaching commercial volumes, customer mix improved and operational gearing improved in tandem with cost management. On the negative side, Rail & Civils’s underlying EBITDA swung from £1.4m profit to a loss of £4.8m, although management emphasises that this division is already turning around. Forecast reset and acceleration in FY20 Since our last note in January we have reviewed our model for Stobart Group and take this opportunity to reset forecasts. We reduce our FY19 underlying EBITDA from £39.0m to £25.7m, mainly to account for the move from profit to loss at Rail & Civils, and introduce a FY20 estimate of £41.4m, reflecting a return to profit in Rail & Civils and continued growth in Aviation and Energy. Valuation We have adjusted our valuation from 285p per share to 275p, mainly to reflect the reduction in our forecasts, partly offset by a reduction in WACC. Our valuation uses a core DCF and an additional value for the company’s stake in Eddie Stobart Logistics (ESL).
garycook: Why I’d buy this 8%-yielding, dividend-growing stock right now Kevin Godbold | Wednesday, 24th October, 2018 | More on: STOB Image source: Getty Images. In September, my Foolish colleague Royston Wild wrote about Stobart Group (LSE: STOB), the aviation, energy, civil engineering and Infrastructure business, and said he was “expecting another robust set of numbers when interim results are released on October 24.” Well, the day has arrived, and the figures are pretty good, as he expected. Revenue moved 21% higher than the equivalent period last year, and pro-forma earnings before interest, tax, depreciation and amortisation (EBITDA) rose more than 10% to £17m. The directors pushed up the total interim dividend for the period by 20%, suggesting their confidence in the outlook. An evolving story Stobart cast off its famous lorry business as a standalone operation in 2014 and retained a passive investment in the new firm from that point. Since then, with the company focused on aviation, energy and infrastructure, progress has been impressive. Revenue has grown around 140% since 2014, the dividend has shot up 200%, and the share price has risen more than 50%. The company is using a pro-forma figure to show the underlying progress of the business.That’s because last year’s headline figures were flattered by a profit of almost £124m, received from the partial disposal of Eddie Stobart Logistics. When the lorry business floated on the FTSE AIM market last year, Stobart Group reduced its holding, but still retains some shares in the operation. Today, Stobart Group has identified its two “major growth divisions” as Aviation and Energy, where pro-forma underlying EBITDA grew almost 15% and 90%, respectively, during the period. The energy division is a biomass fuel provider, sourcing, processing, and transporting waste wood and other waste-derived fuels for third-party biomass plants across the UK. And the aviation division owns and operates London Southend Airport, operating flights under franchise agreements for other airlines, and ground handling operations at airports. There’s also a rail division that undertakes rail and non-rail civil engineering projects. Positive outlook Looking forward, Stobart said in the report it has made “strong commercial progress” in its core operating businesses during the period, which are both “well-invested and set for significant growth.” However, the share price has been weak lately, and I reckon that could be because of general stock-market sogginess, the fact that the firm posted a headline loss today, and because the company is in the news because it has sued its former chief executive for alleged wrongdoing. A judge is due to start overseeing a trial at the High Court in London on November 12. However, City analysts following the firm are expecting robust growth in revenue of more than 25% per year for the next two years, and a bounce-back in profits next year. Chief executive Warwick Brady is optimistic and said that after investing in infrastructure, the firm is “well placed to accelerate our commercial growth plans and demonstrate the value of the Group’s excellent operating businesses.” I reckon the firm is out of favour with investors but, for me, the dividend is worth collecting while I wait for the waters to clear and for earnings to pick up their pace. STOB.L STOBART GROUP Last Signal: BUY Last Pattern: BULLISH DOJI STAR Last Close: 218.0000 Change: +3.0000 Percent change +1.40% Signal Update Our system’s recommendation today is to BUY. The BULLISH DOJI STAR pattern finally received a confirmation because the prices crossed above the confirmation level which was at 217.2500, and our valid average buying price stands now at 217.5950. The previous SELL signal was issued on 04/10/2018, 20 days ago, when the stock price was 244.7550. Since then STOB.L has fallen by -11.10%. Market Outlook Let’s jump on our white horses and go for a bullish ride. The bullish pattern that was previously identified is finally confirmed and a BUY signal is generated. Most probably, it is the right time to participate in bullish fervor. The market is telling you about a new profit. Do not miss this bullish opportunity.
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