Yes I'm back, sorry for going AWOL for a few days, have been having problems with insomnia lately. Here goes with some results from this morning.

I've always quite liked Dart (LON:DTG), which is a budget airline (Jet2.com), travel operator, and a haulage business called Fowler Welch. The shares always look very cheap (on a PER of 5 or 6 usually), and have had a good run up to 100p recently (for a mkt cap of £142m).

Interims today from Dart look pretty good, with group profit before tax up 37% to £57m, which looks amazing until they say that the business has become more seasonal, so a larger loss is expected in H2.

It has considerably more than its own mkt cap in cash, at £206m, but bear in mind that £98m of that is advance payments by customers. Still looks like an awful lot of business for the mkt cap. In the key Outlook section they state that H2 losses will be larger, but they should exceed full year market expectations for y/e 31 Mar 2013. I would imagine these shares are likely to have a decent further increase on these good results, and that the fwd PER is now probably only around 5. I'm not keen on airlines, as the margins as thin, and risk high, given that they are so dependent on the oil price & other factors (e.g. the Icelandic dust cloud).

Very small dividend, which seems odd. Surely they could pay out a more sensible amount?

Dating websites group, Cupid (LON:CUP) has put out a positive-sounding trading statement. Strange to see that the shares have fallen back recently from over 200p to 175p. It looks surprisingly good value (based on fwd PER) for a company that is growing earnings so strongly. Could be worth a look?

I made a bit of money on specialist radio maker Sepura (LON:SEPU) some time ago, but decided the shares were fully priced so sold out. Their interims today certainly look good, with adjusted EPS of E2.8c (important to note that their accounts are stated in Euros, so adjust for that when working out price, which is in pence). The outlook for the full year sounds confident too, but that seems to put…

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