Magic Hat: DTG stays in

Wednesday, Dec 05 2018 by
2

Dart (LON:DTG) is due to be kicked out of the Magic Hat portfolio by rotation. Although it doesn't pass the Greenblatt Screen, it does have a Magic Formula rating of A+, according to Stockopedia. It has an EV/EBITDA of 2.0, although I suspect this may be skewed by off balance sheet finances. It has a P/FCF less than 10, and a StockRank of 97.

These numbers make it too good to kick out of the portfolio. I admit that there is some risk, here, as the MHP has too much of it, having made excellent gains since purchase.

The real surprises in the portfolio is that British American Tobacco (LON:BATS) is down 36% since purchase, and Royal Mail (LON:RMG) is down 32% since purchase. These are pretty stable businesses, so it is surprising to see them down do much.

Stay safe out there.


Disclaimer:  

As per our Terms of Use, Stockopedia is a financial news & data site, discussion forum and content aggregator. Our site should be used for educational & informational purposes only. We do not provide investment advice, recommendations or views as to whether an investment or strategy is suited to the investment needs of a specific individual. You should make your own decisions and seek independent professional advice before doing so. The author may own shares in any companies discussed, all opinions are his/her own & are general/impersonal. Remember: Shares can go down as well as up. Past performance is not a guide to future performance & investors may not get back the amount invested.


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Dart Group PLC is a leisure travel and distribution, and logistics company. The Company is engaged in the provision of air travel organizer licensing (ATOL) licensed package holidays by its tour operator, Jet2holidays Limited, and scheduled leisure flights by its airline, Jet2.com Limited (Jet2.com). It distributes temperature-controlled and ambient products on behalf of retailers, processors, growers and importers in the United Kingdom. It operates through two segments: Leisure Travel, and Distribution & Logistics. The Leisure Travel business focuses on scheduled leisure flights by Jet2.com to holiday destinations in the Mediterranean, the Canary Islands and to European Leisure Cities. The Distribution & Logistics business includes the operations of Fowler Welch-Coolchain Limited, a distribution and logistics services provider. Its temperature-controlled operations are in Spalding in Lincolnshire, Teynham and Paddock Wood in Kent, and Hilsea near Portsmouth. more »

LSE Price
785.5p
Change
0.6%
Mkt Cap (£m)
1,161
P/E (fwd)
8.9
Yield (fwd)
1.3



  Is LON:DTG fundamentally strong or weak? Find out More »


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