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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.

Summing up

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

Are you thick dude??
We the public will pay for it through massive tax increases

Sparky

who will pay for it in the end

have you worked it out yet??

If poo is around here for a while then it will eat up some cash for sure 455k is only a months cover so after that production is running at a loss no two ways about it am afraid.

150 mill capex this year would deplete the cash held by over half that's not good

Q1 21?? seems reasonable if RRE don't get a low ball in??

And still have to fork out 150 mill of capex for 20 which will eat into the cash pile leaving 130 mill at the end of the year if oil stays around here which I hope it does not

Sorry but after the hedging of 455k barrels for q1 which is less than a .month the rest is now running at a loss am I correct at 27 bucks a barrel if all in costs are 30 bucks

There are some interesting links at the bottom of tbis article also.

Today 08:29

https://www.dailywire.com/news/oxford-epidemiologist-heres-why-that-doomsday-model-is-likely-way-off
Professor Gupta lead a team of researchers at Oxford University in a modeling study which suggests that the virus has been invisibly spreading for at least a month earlier than suspected, concluding that as many as half of the people in the United Kingdom have already been infected by COVID-19.

"If this is the case, fewer than one in a thousand who’ve been infected with COVID-19 become sick enough to need hospitalization, leaving the vast majority with mild cases or free of symptoms."

"The Financial Times emphasized: “If the findings are confirmed by testing, then the current restrictions could be removed much sooner than ministers have indicated.”

“I am surprised that there has been such unqualified acceptance of the Imperial model,” Gupta criticized."

oil at 26 bucks might explains it

MARCH 23RD, 2020Nobel Laureate: Why Coronavirus Crisis May Be Over Sooner Than Many ThinkBy  James BarrettDailyWire.com

ANGELA WEISS/AFP via Getty Images

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Stanford biophysicist and Nobel laureate Michael Levitt says that based on how the COVID-19 crisis has played out in multiple countries, the threat is less severe than the media has portrayed it to be and might be over sooner than most think. “The real situation is not as nearly as terrible as they make it out to be,” Levitt says, and, in the end, “we’re going to be fine.”

Levitt, who accurately predicted the slowdown of coronavirus cases in China, has been making the rounds with various media outlets to discuss his findings on the most recent data from nearly 80 countries involving the global pandemic. Like several other experts, Levitt maintains that the threat of COVID-19 is less severe than many reports make it appear.

In a report published by the Los Angeles Times on Sunday, Levitt assured the public that the world, and the U.S., are going to survive COVID-19, and that, as has occurred in countries first hit by the pandemic, the cases of the virus will begin to decline more rapidly than some are projecting.

Levitt, the L.A. Times’ Joe Mozingo notes, “correctly calculated that China would get through the worst of its coronavirus outbreak long before many health experts had predicted” and now “foresees a similar outcome in the United States and the rest of the world.”

In a report published on February 1, Levitt predicted with remarkable accuracy how China’s cases would end up, saying that around 80,000 would contract the disease and among those around 3,250 would die. Mozingo notes that as of March 16, China, which has nearly 1.4 billion people, reported a total of just 80,298 cases and 3,245 deaths related to the virus and the number of new cases has slowed down to around 25 per day.

Levitt says that after studying data from 78 countries, he sees a similar pattern. As occurred in China in February, the rate of case increases will begin to decline, signaling the downside of a spread curve. “What we need is to control the panic,” Levitt told the paper.

The important metric, Levitt explained, is the number of new cases, not the total number of cases. The new cases data allows one to see more clearly the rate of spread. He also stressed that only when the virus is not being detected will it spread “exponentially.” When countries are testing and responding aggressively, the growth rate tends to decrease significantly.

Levitt made clear that he generally agrees with the government imposed social-distancing measures as a way to help curb the spread, for now, but also suggests that fears are overblown in large part because of the media focusing on the total number of cases and on famous figures being infected.

The flu, notes Mozingo has infected 36 million Americans in just over 6 months and killed around 22,000. The total COVID-19 infecti

Last week, Levitt emphasized: “[Y]ou need to think of corona like a severe flu. It is four to eight times as strong as a common flu, and yet, most people will remain healthy and humanity will survive.”

Related: Nobel Laureate: Why Coronavirus Crisis May Be Over Sooner Than Many Think

Read more in:Coronavirus

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Government policy and guidance crafted in an effort to “flatten the curve” of coronavirus-related deaths has largely been based upon an Imperial College London model headed by Professor Neil Ferguson.

The terrifying model shows that as many as 2.2 million Americans could perish from the virus if no action is taken, peaking in June.

However, that model is likely highly flawed, Oxford epidemiologist Sunetra Gupta argues.

Professor Gupta lead a team of researchers at Oxford University in a modeling study which suggests that the virus has been invisibly spreading for at least a month earlier than suspected, concluding that as many as half of the people in the United Kingdom have already been infected by COVID-19.

If this is the case, fewer than one in a thousand who’ve been infected with COVID-19 become sick enough to need hospitalization, leaving the vast majority with mild cases or free of symptoms.

With so many in the U.K. (and potentially the United States) presumably infected, so-called “herd immunity” could kick into effect, dramatically limiting the number of deaths modeled by Ferguson and company.

“The Oxford study is based on a what is known as a ‘susceptibility-infected-recovered model’ of Covid-19, built up from case and death reports from the UK and Italy,” the Financial Times explains. “The researchers made what they regard as the most plausible assumptions about the behaviour of the virus.”

The report continues: “The modelling brings back into focus ‘herd immunity’, the idea that the virus will stop spreading when enough people have become resistant to it because they have already been infected.”

While the notion of “herd immunity” has been essentially dropped in U.K. policy making, “the Oxford results would mean the country had already acquired substantial herd immunity through the unrecognised spread of Covid-19 over more than two months.”

The Financial Times emphasized: “If the findings are confirmed by testing, then the current restrictions could be removed much sooner than ministers have indicated.”

“I am surprised that there has been such unqualified acceptance of the Imperial model,” Gupta criticized.

Of course, the epidemiologist encouraged caution and suggested changes to policy and guidance only be made after more evidence can be presented.

The Oxford group is working with researchers at the Universities of Cambridge and Kent to begin antibody testing on the general U.K. population later this week by using specialised “neutralisation assays which provide reliable readout of protective immunity,” Gupta explained.

“We need immediately to begin large-scale serological surveys — antibody testing — to assess what stage of the epidemic we are in now,” the professor said.

Other respected medical professionals have offered a more optimistic look on the coming weeks and months with COVID-19, too.

For example, Stanford biophysicist and Nob

The do not own all there aircraft a lot are on a go ance arrangement with going

Some of these need paying this year there was over 1 billion in liabilities due this year and over 1 billion due next.

DO SOME RESEARCH YU WILL FIND IT.

Yes and with the weather soon coming should help

Soon find out thx for posting

:47

Germany's infection curve may be flattening - health chief

There are signs Germany's infection curve - reflecting rise in the number of cases - may be becoming less steep, according to the head of the country’s public health institute.

"We are seeing signs that the exponential growth curve is flattening off slightly," Lothar Wieler, president of the Robert Koch Institute (RKI) for disease control, told reporters.

"But I will only be able to confirm this trend definitively on Wednesday. But I am optimistic that the measures are already having an effect, which is very early because they have only been in place for a week."

Efforts to reduce the spread of the virus in the country have included school closures, hygiene measures such as hand-washing and restrictions on public gatherings

You don't start a fire without the means to put it out do you.

But most planks have no idea what the gist is.

All I here is 12 weeks this 12cweeks that and summer is around 22 weeks.

I saw an article saying it blows over in temp above 24 Dec.

Well Iran will be a good litmus test as in a month or so it warm up and Spain In around 6 weeks

O just want this Togo away for the sake of people.

You sick cunnnts want it to get worse for the sake of money.

SICK IR WHAT

March 23 2020 09:31:14 

Turkey promotes quick kits for virusISTANBUL

Turkey has begun dispatching quick coronavirus testing kits that show results in 15 minutes to hospitals.

The Health Ministry began using the tests after Health Minister Fahrettin Koca gave instructions to distribute diagnostic kits to all cities.

In addition to local kits that allow comprehensive results in 60-90 minutes, a quick diagnostic kit can be used that can give results in a fraction of that time.

The number of coronavirus tests and laboratories that can produce results have increased in Turkey after the suggestion of the Coronavirus Scientific Committee, the Health Ministry said in a statement.

Koca had said on March 19 that Turkey’s goal is to carry out at least 10,000 to 15,000 tests daily and the government will increase the number of laboratories to 36 nationwide.

The reliability of the test is very high, according to microbiology specialist Yasemin Coskun, who said it provides easy and fast use, especially in emergency departments.

Coskun stated that swab samples taken from the mouth or nasal mucosa were examined in the quick coronavirus testing kit.

The kit was introduced at the Virology Laboratory of the General Directorate of Public Health.

 
Summers coming soon in all countries then burn out for the virus and holders here

And it cannot survive in hot weather that's a given spain 40 Dec in a few months

12 weeks to burn out

Is it me or why is all I here on the media Governments ECT all say 12 weeks Boris 13 weeks to crack it.

Governments payments to emloyees 12 weeks.

On a positive note I heard from a doctor friend that the virus burns out in temp above 24 Dec ok that's good because summer is coming in about wait for it..............12 weeks ish if not sooner

Btw I am tea total for the record