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Dart Group - FY19 forecasts jump 56%

August 2018

Investing in shares may lose you all or some of your money. Past performance is no indication of future performance. Some of the shares recommended here may be small company shares, which can be relatively illiquid and hard to trade and this makes such shares more risky than other investments.

  • Epic Code:
  • DTG
  • Price:
  • 913p
I said back in March at 814p that it was too soon to trouser a profit, so it was pleasing to see Dart’s shares soar by 260p the day of full year results to hit an all time high of 1004p. This was after Dart accompanied the results with a statement saying current forward bookings means that profits “will substantially exceed market expectations.”2018 was a year of strong passenger growth for both Jet2.com and Jet2holidays and group revenue increased by 38% to £2.4bn. Pretax profit improved by 13% to £114.6m excluding a £20m forex gain.  Eps grew 44% to 74.5p.Leisure Travel revenue grew 42% to £2.2bn and despite investment lifting H2 losses, divisional operating profit increased 28 ...

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With small companies there is an above average degree of risk compared to buying blue chips. Please be aware that we have not assessed the suitability of any of these investments for you. The newsletter simply states a personal view and diarises the editor’s investment decisions. Please speak to your stockbroker or other qualified individual to ascertain whether any of these companies mentioned would form useful additions to your own portfolios. Past performance is no indication of future success.

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