Stobart Group Ld Share Discussion Threads

[m welsh] 12/11/2018 12:37

thanks zangdook, daily mail worked

[zangdook] 12/11/2018 12:22

daily mail is free - just click - but doesn't say much except the BoD seem to have been a bit naive about leaving paper trails when they discussed how to win the vote.

[m welsh] 12/11/2018 11:10

eeza, any chance of copy and pasting these articles for those who don't subscribe to these sites, thanks Michael

[eeza] 11/11/2018 10:57

Here's another.

[lpavlou] 07/11/2018 22:27

Ezza, this is just the beginning. Expect an article everyday.

[lpavlou] 06/11/2018 18:56

Whilst 200p is a decent entry point, I would still be nervous of the court case next week as it has the potential to make the share price move +/- 10 percent.

[bernie37] 06/11/2018 18:04

Woodhark, you said this had more chance of going to 250 than my 200 or under, I still see this going under the 200p then it’s time to top up. We still have a correction in the market.

[fizzypop] 06/11/2018 14:44

Maiden buy @ 203p with 8.8% yield.

[woodhawk] 05/11/2018 10:47

Not much fun being had here at the moment, Fizzy - so will probably prove in hindsight to be an excellent buying opportunity. Great quarterly divi too - the usual criteria!! I'll be adding when I have funds available... if it remains at these levels.

[fizzypop] 05/11/2018 10:35

Looking very interesting at 206p as we approach 200p again. Will be maiden purchase for me. I don't see why Woody should have all the fun.

[garycook] 04/11/2018 04:16

fenners,Fair comment.But holding STOB btw 200-210p IMHO is good value atm.Seeing I sold STOB at 265.18p on 13/06/2018.And seeing I have purchased STOB again at 199.99 on 24/10 while collecting a 9% dividend,while waiting for the share price to recover IMO,and I agree with Woodhawk who also trade,s STOB that you need to look at the bigger picture.

[fenners66] 04/11/2018 00:53

"Positive broker comments" - all based upon "underlying" EBITDA

Not real EBITDA

They moved a huge chunk of loss to one-offs - like the cost of acquiring new business as if they are not expected to do that all the time !

All this "underlying" reporting is taking the P*ss.

Loss for the period after taxation GBP17.5m
Net debt has increased to GBP75.6m (2017: GBP36.6m)
Underlying EBITDA represents profit/(loss) before interest, tax, depreciation, amortisation, swaps, non-underlying items
Rail & Civils EBITDA loss of GBP4.8m (2017: GBP1.4m profit)
The decrease in the net asset position of GBP55.6m principally relates to dividends paid, purchase of treasury shares and the loss for the period.


When it comes down to it the Balance Sheet does not hide the losses - they can wish away £18m losses (at least ) and say they are not underlying - but the facts are the same management have presided over real losses like it or not.


If you invest in UKFFO and then realise afterwards its a screw up - its still cost money so what do you get for doing that a bonus ?

They will continue to pay this dividend it seems regardless of the effect on borrowings and there is a high yield - but borrowing to pay it and hoping for future profitability when they show they cannot manage a profit in the rail and civils division does not give me confidence......

I am not short the stock - I was looking at it for yield but since I last rejected it some months ago it has fallen consistently (not just as a result of recent turmoil) .

So I don't trust them to make significant profits - yet.
I think they need to demonstrate profitable growth before that and I have my doubts as to whether they can .

When a company starts explaining away losses as not underlying it smacks of desperation to me.....

[woodhawk] 03/11/2018 13:45

On the other hand, it might be unwise and you'll miss a bargain price - and I can always buy some more if it gets even cheaper. Excellent divi to collect while awaiting share price recovery in any case.

[lpavlou] 03/11/2018 13:36

Positive broker comments, but might be wise to wait until the High Court case is up and running as I expect this to be in the news daily and dependant upon what comes out, will influence the share price due to start on 11th Nov but not sure how long it will last or when a decision will be made.

[gotnorolex] 03/11/2018 11:23

12:53 02 Nov 2018
Analysts at Canaccord Genuity and Stifel think Stobart offers attractive dividends with the company returning £63mln to shareholders in fiscal year 2018
Attractive dividends
Overall revenue for the group increased 21% to £151.3mln and underlying profit rose 10% to £17mln.

Canaccord thinks Stobart made “good commercial progress” in the first half.

“It was particularly pleasing to note the EBITDA growth rates for the Energy and Aviation divisions (89% and 15% respectively),”; it said.

The broker believes the company offers attractive dividends, having returned £47mln to shareholders in the year ending 2017 and £63mln in 2018.

Stobart raised its interim dividend to 9.0p from 7.5p last year.

Broker Stifel, which also has a ‘buy’ rating on the stock with a target price of 268p, said: “We continue to see significant potential for medium-term value creation, with the group's non-operating assets providing multi-year visibility on the attractive 18p per year dividend yielding over 8%.”

Stifel said the first half results were “broadly positive” with good underlying profit growth in the aviation and energy divisions mitigating a loss in rail.

[garycook] 03/11/2018 00:56

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).

[dendria] 02/11/2018 17:18

I added today at 209p. The div may not be sustainable but I'll enjoy it while it lasts - this is more a growth company.

[lpavlou] 01/11/2018 21:19

Difficult to know if this ACME business will generate a meaningful revenue stream.

[woodhawk] 01/11/2018 10:57

Good news this morning. Nice fat quarterly divi at these levels too.

[bernie37] 01/11/2018 10:06

Stobart Air agreement to provide ACMI services

Stobart Group Limited, the Aviation, Energy and Rail & Civils business, today confirms that Stobart Air has secured an agreement to provide new aircraft, crew, maintenance, and insurance (ACMI) services for BA CityFlyer.

The arrangement between the two airlines will see Stobart Air provide ACMI services for the purpose of operating routes to and from London City Airport under the BA CityFlyer brand from 16 November.

Stobart Air also announced its intention to add 40 new people, with the recruitment of 10 captains and first officers as well as 30 cabin crew. Stobart Air will lease two Embraer 190 jet aircraft under a three-year lease agreement with Republic of Ireland-based Nordic Aviation Capital to service the new routes.

Graeme Buchanan, Managing Director of Stobart Air, said: "A key part of our growth strategy is to secure additional commercial relationships with airlines. This agreement with BA CityFlyer allows us to further diversify the brands we work with.

"Stobart Air is recognised within the industry for its operational excellence and quality of customer service, and this deal demonstrates that we can continue to leverage this reputation to grow our business and secure further commercial relationships."

[lpavlou] 31/10/2018 22:42

SP still bouncing around on small volume. Good for day traders but difficult to call which way this will head.

[porsche1945] 29/10/2018 16:02

this pos just gagging to get back to a quid, wont hang onto any bounce

[ken tennis] 28/10/2018 18:56

The name says it all haha

[porsche1945] 27/10/2018 11:08

Woodhawk, poor little chap not enjoying losing his little bit of money on this dross. Only thing pointless around here is you. Iv called it bang on, have profited, whats the point sticking your head in the clouds, its why your'e poor, get a life loser.