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gemrusty. I have spoken to them and they told me a credit note will be issued for use within a 2 year period. When asked about cash return for my deposit they told me that they cannot give me any guarantee on timeframes.
In deed there lots of bargains, I think there is further south to go for many shares, but buying now, alot have 100% upside, and the rest.
I too have been okay with day trades, but being cautious, don't want to get locked in. Looking for companies / sectors that will bounce quickly.
Not convinced about the travel sector today, but that might change, like everything else...
The trouble is 2011 there are to many bargains out there at the moment and you really don't know which ones will be the best to trade for quick profit.
Like yesterday CCL dropped to £10 in the morning then went up to £13 in the afternoon, quick £3 a share profit if you sold, could be doing the same today, but then again it might not.
Decent post nodders
Feel similar, feel like missed some 20% gains, but will see, long time to go
Money burning a hole in my pocket tho
I really can't understand why all these shares have bounced up in the last few days like they have done when most have very little income coming in, i sold out of at a profit and a few more shares at a profit, but i have missed out of some great gains this week.
I can see in the weeks to come that a lot will retrace south, look at the builders how have they gone up, oil companys as well, it makes you wonder if it is done so the big money men make a big gain and then sell again only to buy back lower, just wish the little man knew when to buy and when to sell.
Does cash position take into consideration deposits from customers thst will have to be returned?
The current sp seems false, mothballed fleet, no income and no specific government help.
The factor here is time, and all related to the virus.
Can we see dart turning to operations and profit in 3 months? At what point does the cash run out?
This is one of my favourites, but am very cautious about investing at the current sp, feel its at the top of a bounce
You will see the SP head south a few more times, the bad news is not over yet. I've not heard any positive aviation news in a while.
I can double my money here over the next 3-5 months. GLA.
What Is Dart Group’s Debt?
As you can see below, Dart Group had UK£372.0m of debt at March 2019, down from UK£806.6m a year prior. But on the other hand it also has UK£1.50b in cash, leading to a UK£1.12b net cash position.
AIM:DTG Historical Debt, September 14th 2019A Look At Dart Group’s Liabilities
We can see from the most recent balance sheet that Dart Group had liabilities of UK£1.33b falling due within a year, and liabilities of UK£1.02b due beyond that. On the other hand, it had cash of UK£1.50b and UK£98.3m worth of receivables due within a year. So its liabilities total UK£752.8m more than the combination of its cash and short-term receivables.
This deficit is considerable relative to its market capitalization of UK£1.20b, so it does suggest shareholders should keep an eye on Dart Group’s use of debt. Should its lenders demand that it shore up the balance sheet, shareholders would likely face severe dilution. While it does have liabilities worth noting, Dart Group also has more cash than debt, so we’re pretty confident it can manage its debt safely.
In addition to that, we’re happy to report that Dart Group has boosted its EBIT by 61%, thus reducing the spectre of future debt repayments. When analysing debt levels, the balance sheet is the obvious place to start. But ultimately the future profitability of the business will decide if Dart Group can strengthen its balance sheet over time. So if you want to see what the professionals think, you might find this free report on analyst profit forecasts to be interesting.
Finally, while the tax-man may adore accounting profits, lenders only accept cold hard cash. While Dart Group has net cash on its balance sheet, it’s still worth taking a look at its ability to convert earnings before interest and tax (EBIT) to free cash flow, to help us understand how quickly it is building (or eroding) that cash balance. Over the last three years, Dart Group recorded negative free cash flow, in total. Debt is usually more expensive, and almost always more risky in the hands of a company with negative free cash flow. Shareholders ought to hope for and improvement.
Although Dart Group’s balance sheet isn’t particularly strong, due to the total liabilities, it is clearly positive to see that it has net cash of UK£1.12b. And it impressed us with its EBIT growth of 61% over the last year. So we don’t have any problem with Dart Group’s use of debt. We’d be motivated to research the stock further if we found out that Dart Group insiders have bought shares recently. If you would too, then you’re in luck, since today we’re sharing our list of reported insider transactions for free.
If you’re interested in investing in businesses that can grow profits without the burden of debt, then check out this free list of growing businesses that have net cash on the balance sheet.
We aim to bring you long-term focused research analysis driven by fundamental data. Note that our analysis ma
If you go through the Co accounts and look at aircraft Lease cost pm you can see the problem. B737-800 are not cheap pieces of equipment, after the non stop expansion of the B737 fleet, plus the massive engineering costs especially for the older B737 and B757's.
Reported Debt is different to Lease costs.
Given the SP touched 155p intra day, getting ahead of a Placing whilst the SP is 575 will put us in a much better position, given there are only 149 m shares in issue, lets say we issue another 51m at 400p less costs = £200m.
Take the initiative, be bold and shore up the cash reserves, this could go on for most of the summer season, when DTG make the vast majority of their profits.
We need to put ourselves in the strongest position possible, we can always have a share buy back in a few years and restore things.
Any source for this "cash burn"? Daily Telegraph reported on the 19th of March that the cash position was ~£1.7bn, with only £151m of debt due for repayment within two years. Given the government is offering to pay 80% of wages to staff who are furloughed, the company seem in a decent position to weather this and increase market position once it's over (especially given TUI and other competitors are in a more precarious position). Interested in hearing the counter arguments, but I got in at 270p per share, so am not worried about holding my position long term.
I'd be inclined to agree with you how the current situation lies. DTG is a great company though so I'll definately be looking to re-enter when things become clearer
Given the Govt's position, no help for Airlines, DTG cash burn, I can only assume its only a matter of time until a Placing, not on very generous Terms, the SP will crash. Long term this Co will survive with the cash raised, I am out until such news, I will re-enter, buy more shares at a much lower price, and sit and wait for a full recovery (2 years)
Must have been a big order being filled there... couldn't sell anymore than 1 share from 590 to 571 ... did you see Million on l2
i'm out of VMUk now.. back here.. thanks. I have enjoyed our chats :-) GL pal
I’m fine thanks chap! Wish you all the best and hope you make plenty but don’t have a great deal of interest!
Trying to stay in my own lane!
VMUK was a cracker late last night until about 2 hours ago.. just piled back in here too
Millionaire106 was just thinking there... if you have nowt to do look at post history and work out how much I am making :-)
lol...I'm doing pal..I don't need to show you mine and I dont need to see yours :-)
Your a funny man! But yes sure, like I said to you yesterday private message me your email and I’ll happily send you over my HL DTG trades... maybe you can do the same so we can see if your trades are as big as your mouth ????
Millionaire106 get on your photoshop to kill time
Possibly yeh.. but then again could easily go back up to £6.5”-£6.60 again! It’s just a crazy market
I’ll just watch from the sidelines at the minute