Stobart Group Ld Share Discussion Threads

[typo56] 23/5/2017 11:14

Looks as if it could be in line to be promoted to the FTSE 250 index next week, replacing HGG. Expect confirmation or otherwise in the next couple of days.

[neilyb675] 19/5/2017 16:22

its now become a brilliant income share - that adds welcome diversity to ANY portfolio

[footrot355] 19/5/2017 12:59

taken profit too - just being cautious - like this company, now high on watch list.

[davr0s] 18/5/2017 11:22

Decided to sell today at 259 as been a fantastic run and pretty extended too - looks like in the nick of time too

[bluemango] 15/5/2017 07:50

Stobart share purchases have started.

40k bought on Friday.

[hiddendepths] 13/5/2017 08:33

"further progressive quarterly dividends"

Good grief! Most stocks yielding so much are only doing so because the market's anticipating a cut!

They're also going to be buying back their shares which could in itself drive the price higher as it's not the most liquid of stocks!

[neilyb675] 12/5/2017 16:12

its a monster increase, and one of my better investments....

[cardiffian] 12/5/2017 14:27

Yes, I think I simply mis-read it. It does say "18p per share annualised", so you are absolutely correct, 4.5p quarterly it is !

[boonboon] 12/5/2017 13:16

From the results. I take this to mean future payments will be 4.5p50% increase in dividends with a proposed final dividend of 4.5p per share (18.0p per share annualised), payable in July 2017, with further progressive quarterly dividends from this newly established level

[cardiffian] 12/5/2017 13:01

I may be wrong but I don´t believe the 4.5p can be viewed as a future quarterly dividend, only as final dividend. As I see it the quarterlys are still 3p but in all likelyhood will increase to 3.25 or 3.5 as they are due, balance sheet dependent.

That´s how I see it but as I say I may be wrong.

[boonboon] 12/5/2017 09:50

Scotch broth. In the short term from asset sales for example Eddie stobart was valued at under £60 million on the books and they received £113 million in cash and still own 12.5% worth over £70 million. Over the longer term biomass profits should start to grow substantially and if they can improve passenger numbers at Southend airport then that division should see a material increase in profits as well.

[bluemango] 12/5/2017 08:58

Advfn, having shown a very out of date annual dividend per share of 6p for many months now on the financial page for Stobart (it doubled last year to 12p per annum) have finally given up and left it blank, also the yield.

As from yesterday the dividend is of course 18p per annum.

EDIT: one quick phone call to advfn support, and the figures have now been updated, showing DPS of 13.5p reflecting last three quarters at 3p plus latest announced new quarterly amount of 4.5p.

[scotch broth] 11/5/2017 14:14

It is not entirely clear how the dividends are being resourced and whether they are sustainable. However as the cash is being paid out it is unlikely to be an accountancy mirage.

[petewy] 11/5/2017 13:55

Agreed Hiddendepths. I took a punt a while back and then added and the dividend now is huge apart from the share gain.

[scotch broth] 11/5/2017 13:37

Topped up this morning. There is no Stamp Duty because the company is registered in Guernsey.

[this_is_me] 11/5/2017 07:57

Everything is going in the right direction, the businesses are doing well and the dividend jump is huge.

[hiddendepths] 11/5/2017 07:46

Good grief. A 50% increase in the quarterly dividend! They doubled it only a year ago.


I've been through the results and I must confess that as a former analyst I just don't understand this company.

But who cares? I've been trimming my holding on the rises but the value of what's left is pretty much what it was when I first bought in. It looks very much as though it's got a lot further to run!

[boonboon] 11/5/2017 07:43

So mixed results in my view, but you can't argue with the new dividend level of 18p a year, which is a yield of 7.8%.

[bluemango] 08/5/2017 10:38

Yes, Thurs 11th.

[petewy] 07/5/2017 19:51

results Thursday?

[bluemango] 04/5/2017 08:07

Missed this news from 2 days ago, no RNS:

UK regional carrier Flybe has signed a “combined commercial arrangement,” placing two Embraer E195s with Irish regional Stobart Air.

The aircraft will be Stobart Air’s first jets, joining its existing fleet of 13 ATR 72-600s, two ATR 72-500s and two ATR 42-300s.

Under the contract, Stobart Air—which was formerly known as Aer Arann—will take the aircraft on wet lease for up to 20 months, subject to earlier termination options.

The pair of aircraft will be based at London Southend Airport. They will initially be operated by Flybe, but Stobart will take over operations by no later than Jan. 1, 2018.

[petewy] 28/4/2017 13:14

Buys showing up as sells. I added.

[neilyb675] 19/4/2017 14:35

The Board of Stobart Group Limited, the support services and infrastructure group, notes that Eddie Stobart has, today, published an admission document in connection with its proposed institutional placing and admission to trading on AIM, which is expected to occur on 25 April 2017.
 
The terms of the transaction value the interest that the Group held in Eddie Stobart at £184.6 million, at the issue price of 160 pence per Eddie Stobart share, and the Group expects to receive proceeds comprising cash of £113.1 million and a retained shareholding of £71.5 million, representing 12.5% of Eddie Stobart's share capital on admission to AIM.
 
Eddie Stobart is a leading supply chain and logistics organisation in which the Group currently holds a 49% economic interest prior to its flotation.  The stake was held at a book value of £54.7 million as at 31 August 2016 and contributed profit before tax of £6.9 million in the year ended 29 February 2016.  The Group has no current plans to sell its remaining stake in Eddie Stobart and has agreed to standard lock-up arrangements for a period of 6 months.  The transaction will generate a significant profit for the Group and demonstrates the ability of the Group's management team to continue to create value for shareholders.  The proceeds will support the Group's progressive dividend policy and increase the scope for adding value to the Group's other businesses through selective investment.  The Board will consider the best use of the cash proceeds of the transaction and will provide an update with the Group's annual results announcement on 11 May 2017.
 
The Board looks forward to maintaining its close working relationship with Eddie Stobart and continuing to support the company as a shareholder following its successful flotation on AIM.

[topvest] 09/4/2017 19:34

Eddie Stobart is being floated by Cenkos shortly. Think this was always a better business than their diversification strategy.

[hiddendepths] 08/4/2017 12:28

Nice finish indeed - 36k in the auction at 209p bodes well for a strong start on Monday too.