Never been a big fan of airlines and companies especially since 9/11 but bookings are now well up and a recovery as taken place in the industry, in fact more people have decided to go abroad this year than the last few years and the alternative 'stay at home holiday is on the wane' as witnessed by a poor trading statement from Holidaybreak were the camping division as taken a big hit in paticular.
Dart carry out business in both the holiday, short haul and commercial divisions.

The company is very cheap with a P/E of only just over 7 and a forward P/E of just over 6.

It also pays a nice divi, and is a small cap capitalised at around circa of 48 million.

The cheapness as not gone unoticed as you will see from this report.


The smart investors' favourite budget airline

Published:
By Graeme Davies, Companies Correspondent
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A host of shrewd investors are backing budget airline and distribution business Dart Group with one top smaller companies team buying at the start of this month.

Dart (DTG), which operates fledgling budget airline jet2.com and also offers air distribution services using the same planes, has become a tempting destination after a slump in its share price in the second half of last year.


The latest buyers are the smaller companies team at Aberforth who bought 315,000 shares at the beginning of this month to increase the holding of the Aberforth UK Smaller Companies unit trust Aberforth UK Smaller Companies to just under 1.2 million shares.


Dart's share price surged to 224p in the first half of last year before falling back to 124p towards the end of the year. It has been as high as 162p in 2004 but today is unchanged at 132.5p.


At 132.5p the company is valued at just 7.25 times its expected earnings per share of 18p for this year, falling to 6.6 times next year's earnings. It also offers a healthy 4.7% dividend yield which is covered almost three times.


This valuation has attracted the likes of Framlington's AA-rated Roger Whiteoak who holds shares in both the Framlington UK Smaller Companies fund Framlington UK Smaller Companies Acc and Throgmorton investment trust (THRG). New Star's AAA-rated Patrick Evershed also holds 500,000 shares in the Select Opportunities unit trust New Star Select Opportunities and Rathbone's Carl Stick has 250,000 shares in the Rathbone Special Situations unit trust Rathbone Special Situations.


In the first half of the year Dart's pre-tax profits rose by 31% to 7.1 million from a 16% rise in turnover. However this was helped by the seasonal performance of jet2.com which is expected to be profitable in the summer months and loss-making in the winter.


Jet2 operates from Leeds/Bradford and Belfast with flights to 13 destinations once a Belfast-Prague service is launched at the end of this month.


When Dart's fleet of aircraft is not being used to transport holidaymakers they are utilised for distribution services, ferrying cargo, fresh produce and flowers. The company is also involved in freight forwarding at Manchester, Newcastle, east Midlands and London Heathrow.

The company will report its full-year results in June.

Looks a very sound value share to me and I think its a short to medium term investment.

Please DYOR you are responsible for the timing of your buying and selling actions.

cheers GF

It was always a good un GF
I got out far to early as well, just goes to show patience is a virtue
pick the very best and wait.
sorry to say i have limited patience as most.
However still dining out on the profit taken
and taking a profit isn't a sin.
All the best to those still in
HUSTLER

DTG looks like it might breakout to new highs. Pretty good results I thought and share split should improve rather poor liquidity. Any thoughts?

Dart Group sees H1 opg profit significantly below last year UPDATE
AFX


(Adds unit performances, share movement)

LONDON (Thomson Financial) - Aviation and distribution company Dart Group PLC said its first-half operating profit will be significantly below last year's levels due to lower margins, reflecting market conditions in both its businesses.

However, the company said its first-half turnover was well ahead of last year and in line with its expectations.

Dart Group still expects its outlook for the full-year to be approaching market forecasts.

The company's Fowler Welch-Coolchain unit had a satisfactory first half and is trading broadly in line with last year.

The Jet2.com unit has continued to build its network and customer base with significant expansion from each of its six bases during summer 2007, resulting in reduced margins as new routes are developed, the company added.

Dart Group said it expects Jet2.com's winter performance to improve from last year, reflecting lower growth in capacity relative to the previous winter season.

At 8:45 am, the shares were down at 76.525 pence from yesterday's close of 86.00 pence.

TFN.newsdesk@thomson.com

A bargain to be had here, Very solid management and a strong freight network, Night freight pays for the aircraft so jet 2can afford to run at a reduced load factor.
IMHO

is this worth buying as at all time low

Looks like another GF winner (not!)

yes, aint seen him for ages.....i remember his tips from years ago, most of them were poo

Thats rich coming from an MDX holder scotty

no-one picks winners every time......if u r, i'm surprised u r on this as u must be a multi billionaire by now at very least

It's the relentless hype I can't stand. Certain investors on here are renowned for glowingly reporting every twist and turn of an under-performing share - and doing it on several other forums at the same time - then exiting without explanation. I know it's every man (and woman) for themselves on here but, with such a suspect track record, folk like GF simply aren't worthy of being taken seriously.

yes paul....and cynic has a dreadful record in last year esp of slagging off most shares....but seems to buy crap ones like tan, lead etc....i think he pretends he sells them but i aint convinced.

yes gf has some stinkers....

Very good trading statement sent the price north on friday,would the same trend is likely to continue any one with experience in dtg.

Just opened a long in DTG DART lovely chart and fundies very strong. Cheap going forward. Reckon its bound to be in my system list tonigh

Interesting charts for DART DTG looks like a short to medium term bounce on here.........

Longer term chart....

Shorter term chart.......

Looks to be some good upside and fundies are very good aswel.

Jet2.com appoints operations director
Published on Tue Feb 01 20:24:40 GMT 2011

AN executive who played a major role in improving the performance of Heathrow's Terminal 5 has taken on a senior position at Yorkshire-based budget airline Jet2.com.

Jet2.com yesterday announced that Ashley Cowen had been appointed as the airline's operations director.




The company, which is based at Leeds-Bradford International Airport and is part of the Dart Group, said Mr Cowen will have responsibility for ground operations, operations control and crewing.




Mr Cowen has held a number of senior roles at British Airways (BA) and CitiExpress.




He has also been general manager of planning and control at Heathrow Airport, which saw him involved in improving the quality of operations at Terminal 5 following its opening in 2008.




He moves to Jet2.com from his role as BA's area general manager for Asia, Pacific and Africa, where he had responsibility for sales, marketing and airport customer service operations. Ian Doubtfire, the managing director of Jet2.com, said: "I am confident that Ashley will prove a valuable addition to the team."




Mr Cowen said: "I am passionate about delivering high-quality customer service and I'm keen to uphold the sterling reputation Jet2.com has in the industry as a punctual, safe and friendly airline.




"I believe customers recognise good service and this leads to loyal passengers, who travel with you time and again."




Apart from Leeds-Bradford, Jet2.com operates flights from Manchester, Newcastle, Belfast, Edinburgh, Blackpool, Glasgow and East Midlands airports.




More than 1.1m passengers flew with Jet2.com from Leeds Bradford airport heading out to 41 sun and city destinations last summer.




In a trading update issued in November, the company said expansion at the airport this year will create 145 jobs for the summer season





http://www.yorkshirepost.co.uk/business/business-news/jet2_com_appoints_operations_director_1_3054186

StockMarketWire.com
Leisure airline, package holidays, and distribution and logistics group Dart expects to exceed current market forecasts for the year to 31 March 2013.

The group says Jet2.com has had a strong summer due to volumes underpinned by the continued successful growth of Jet2holidays and helped by the particularly poor British summer weather.

Jet2.com flew 3.6 million passengers in the six months to September, an increase of 14% over the corresponding period last year, with increases in both yields and load factors.

Jet2holidays, the group's ATOL protected holiday operation, also had a successful summer, having taken 312,000 passengers on holiday during the first six months of the year, an increase of 97% on last year.

The group says this significant growth has been achieved through further improvements to the Jet2holidays product range, and development of its online and high street distribution channels.

Dart says its distribution business, Fowler Welch, which specialises in the distribution of temperature-controlled and ambient products to retailers, importers and manufacturers throughout the UK, is trading in line with expectations in a sector that continues to experience tight margins.

It says that as previously noted, the group's leisure travel operations are becoming increasingly seasonal as it continues to grow the business.

This, coupled with strong summer trading, will result in the group's profit before taxation for the first half of the year being ahead of last year, with increased losses expected in the second half.

Dart adds: "otwithstanding the current economic climate, the board expects to exceed current market expectations for the year ending 31 March 2013."

The group intends to announce its interim results on 22 November.

Trade on just 6x forecast earnings, potential for further growth. They trade below net assets too.

A share that could have further upside. The multiple commanded by shares in budget airline and package holiday group Dart looks measly when compared with growth expectations and its strong financial position. Thats despite the recent strong share price run.
If the company's November half year results are anything to go by, brokers could be underestimating the growth potential. The first half saw a doubling in Jet2Holiday bookings, which helped drive a 23% rise in revenues for its Jet2.com budget airline. Costs have been rising, like all airlines, the oil price will have a major influence on the company performance in 2013.

They also have the well known haulier below in the group

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