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MarketScreener Homepage  >  Equities  >  London Stock Exchange  >  Stobart Group Limited    STOB   GB00B03HDJ73

STOBART GROUP LIMITED

(STOB)
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Delayed Quote. Delayed London Stock Exchange - 04/09 11:35:09 am
60.9 GBp   +3.57%
04/06STOBART : COVID-19 Trading Update
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03/18STOBART : confirms plans to sell off stake in Southend airport
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03/17'SINGLE BIGGEST SHOCK' : Aviation battles coronavirus cash crunch
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Stobart : shares drop after suspending dividend; posts wider loss

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11/14/2019 | 03:23am EDT

British airport operator Stobart Group suspended its dividend to conserve cash and reported a bigger first-half loss on Thursday, hurt by impairment charges, sending its shares down 9%.

Stobart's dividend has largely been funded from asset sales rather than operational cash generation, a practice which the company called unsustainable. The suspension will save the company £22 million per year.

The infrastructure and support services company intends to restore the dividend when it has much more cash at an operating level, but said it will continue to sell assets.

The company, which owns airline Flybe along with Richard Branson's Virgin Atlantic, said its loss widened to £20.9 million in the six months ended Aug. 31, compared with a loss of £17.5 million a year earlier.

The loss includes an £8.5-million non-cash impairment of intangible assets in Stobart Rail & Civils, a £3.7-million non-cash brand amortisation and £7.4 million of new business and new contract set-up costs.

However, underlying core earnings rose 187% to £12.1 million, bolstered by growth in its core aviation and energy divisions.

(Reporting by Tanishaa Nadkar in Bengaluru; Editing by Saumyadeb Chakrabarty, Bernard Orr)

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Latest news on STOBART GROUP LIMITED
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Financials (GBP)
Sales 2020 183 M
EBIT 2020 -2,88 M
Net income 2020 -64,0 M
Debt 2020 178 M
Yield 2020 1,64%
P/E ratio 2020 -6,50x
P/E ratio 2021 -5,34x
EV / Sales2020 2,21x
EV / Sales2021 2,16x
Capitalization 225 M
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Technical analysis trends STOBART GROUP LIMITED
Short TermMid-TermLong Term
TrendsNeutralBearishBearish
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus BUY
Number of Analysts 4
Average target price 114,33  GBp
Last Close Price 60,90  GBp
Spread / Highest target 176%
Spread / Average Target 87,7%
Spread / Lowest Target -36,0%
EPS Revisions
Managers
NameTitle
Warwick Brady Chief Executive Officer & Executive Director
David James Buchanan Shearer Chairman
Nicholas Anthony Dilworth Chief Operating Officer & Executive Director
Lewis Ian Girdwood Chief Financial Officer & Executive Director
John D. Coombs Independent Non-Executive Director
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