Research, Charts & Company Announcements
Research Tree provides access to ongoing research coverage, media content and regulatory news on DART GROUP PLC. We currently have 13 research reports from 2 professional analysts.
|01Dec16 01:07||RNS||Total Voting Rights|
|17Nov16 07:00||RNS||Half-year Report|
|30Sep16 04:04||RNS||Blocklisting Interim Review and TVR|
|21Sep16 03:52||RNS||Holding(s) in Company|
|20Sep16 03:39||RNS||Holding(s) in Company|
|14Sep16 04:47||RNS||Director/PDMR Shareholding|
|08Sep16 11:52||RNS||Result of AGM|
Frequency of research reports
Research reports on
DART GROUP PLC
DART GROUP PLC
17 Nov 16
Conroy Gold & Natural Resources* (CGNR.L) | Crossword Cybersecurity * (ISDX:CCS) | Karelian Diamond Resources (KDR.L) | SCICYS (SSY.L) | Keywords Studios (KWS.L) | Redstone Connect (REDS.L) | ZOO Digital Group (ZOO.L) | Genedrive (GDR.L) | Shanta Gold (SHG.L) | Dart Group (DTG.L)
Interims – Further strong growth delivered
17 Nov 16
Overview. Interim results show that the Group had a very successful summer 2016 trading season, with revenues up 21% to £1,240.8m and operating profit up 14% to £167.5m. Adjusted PBT (excluding a £4.6m FX revaluation loss) was up 14.6% to £168.3m. Cash generation was also strong, with net cash up £144.6m since the year end, to £465.7m. The interim dividend was increased 53% to 1.375p.
Time to grab a late season holiday bargain?
22 Sep 16
Dart Group’s AGM update contained two good news messages. Trading in the first half of the current year has continued to be strong and is ahead of our forecasts. Also, in addition to the new base at Birmingham Airport announced in July, the company revealed that it was opening a base at London Stansted, which would also start operations in spring 2017. The considerable costs of setting up these two bases falls in the current financial year and the company therefore guided that reported profits are likely to be slightly behind market expectations. We think that the market has misconstrued the reasons for the forecast downgrade, leading to unwarranted share price weakness, which provides an excellent buying opportunity.
Strong finals & a good start to the year
14 Jul 16
The strong final results reflect the planned growth in the holiday business and the benign market conditions seen last year, with Group revenues up 12% to £1,405.4m and underlying operating profit up 109% to £105.0m. Adjusted PBT grew 82% to £104.2m and EPS increased 90% to 60.22p, helped by a lower than expected tax charge.
New Birmingham hub for 2017
07 Jul 16
Dart Group has announced that Jet2.com and Jet2Holidays will commence operations at Birmingham International Airport from March 2017, making it the Group’s eighth UK hub. The programme for summer 2017 includes 15 sun destinations with 590,000 seats available on four of Jet2.com’s brand new Boeing 737-800 aircraft.
N+1 Singer - Morning Song 30-11-2016
30 Nov 16
Sanderson has delivered full year results in line with expectations and the 19 October trading update after a strong finish to the year compensated for a slower start. A healthy level of pre-contracted recurring revenue (50%), incremental sales to existing customers and new customer wins at higher average order values helped deliver solid revenue growth in both the Digital Retail (+9%) and Enterprise (+12%) divisions. A decent order book and good sales momentum suggest that the company is on track to deliver on unchanged profit expectations for the current year. We continue to view the valuation (FY17 EV/EBITDA 8.6x) as undemanding given an attractive combination of accelerating growth potential, strong cash generation and growing dividends.
30 Nov 16
Abzena (ABZA): Interim results indicate happy customers (BUY) | Horizonte Minerals* (HZM): Fund raise completed (CORP) | SacOil* (SAC): Half-year trading statement (CORP) | Revolution Bars (RBG): New openings (BUY) | Amino Technologies* (AMO): Multi operator FUSION roll out (CORP)
N+1 Singer - Marston's - Delivering growth and standing out from the pack
30 Nov 16
Marston’s is our solitary positive stock pick in the sub-sector. Recent finals reflected a year of further strategic, LFL and earnings progress. We believe it is operationally in a strong shape to make further solid progress in FY17, not least as it does not have the acquisition integration or turnaround issues confronting GNK, MAB and RTN. Moreover, it is relatively better positioned to manage the cost headwinds. We forecast 11% TSR returns in FY17 and feel the shares with a 5.5% historical yield and 12% FCF yield (FY17e) are oversold. We are buyers with a revised 12m TP of 150p.
N+1 Singer - Morning Song 29-11-2016
29 Nov 16
Vp has reported another impressive set of interims, confirming strong growth in most markets and a positive outlook. Recent acquisitions are bedding in well and the full year outturn is set to exceed previous expectations (5%/6% EPS upgrades in FY17/FY18). The recent Capital Markets Day provided a reminder of Vp’s qualities (specialist focus, high returns, strong cash generation) and its growth potential, which in our view are not reflected in a modest <11x P/E rating. We firmly believe the shares are due a re-rating and see intrinsic value in excess of 800p.