Stobart Group Ltd. (STOB)

Sector:

Commercial Transport

Index:

FTSE Small Cap

49.75p
   
  • Change Today:
    -0.25p
  • 52 Week High: 139.60
  • 52 Week Low: 32.00
  • Currency: UK Pounds
  • Shares Issued: 374.65m
  • Volume: 634,067
  • Market Cap: £186.39m

Stobart confirms sale of Stobart Air to Connect Group consortium

By Josh White

Date: Friday 22 Feb 2019

LONDON (ShareCast) - (Sharecast News) - Stobart Group confirmed on Friday that the sale and purchase agreement by which its wholly-owned subsidiary Stobart Aviation was disposing of of its shares in Everdeal Holdings, through which it owns Stobart Air had become unconditional.
The FTSE 250 firm also confirmed that the agreement under which it disposed of its entire holding in Propius had also become unconditional.

Both firms were being sold to Connect Group - the consortium which includes Stobart, and which is buying ailing regional carrier Flybe.

Stobart Air currently operates flights under franchise to the Flybe group, while Propius is an airline leasing firm.

"In line with Connect Airways' announcement on 11 January, the combination of Stobart Air and Propius with Connect Airways is expected to bring benefits to customers, suppliers and employees, providing stability in a tough trading environment."

Stobart holds 30% of the Connect Airways consortium, with Virgin Atlantic also holding 30%, and the remaining capital held by Cyrus Capital Partners.

Connect's acquisition of the Flybe Group was completed on Thursday, with its operations set to be rebranded under the Virgin Atlantic brand.

A competing last-minute offer for Flybe, from a consortium involving US regional carrier Mesa Air, was rejected by Flybe earlier in the week.

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Note 1: Prices and trades are provided by Digital Look Corporate Solutions and are delayed by at least 15 minutes.

 

STOB Market Data

Currency UK Pounds
Share Price 49.75p
Change Today -0.25p
% Change -0.50 %
52 Week High 139.60
52 Week Low 32.00
Volume 634,067
Shares Issued 374.65m
Market Cap £186.39m

STOB Star Ratings

Compare performance with the sector and the market.
more star ratings
Key: vs Market vs Sector
Value
48.95% above the market average48.95% above the market average48.95% above the market average48.95% above the market average48.95% above the market average
11.11% below the sector average11.11% below the sector average11.11% below the sector average11.11% below the sector average11.11% below the sector average
Price Trend
88.03% below the market average88.03% below the market average88.03% below the market average88.03% below the market average88.03% below the market average
64.71% below the sector average64.71% below the sector average64.71% below the sector average64.71% below the sector average64.71% below the sector average
Income
3.14% above the market average3.14% above the market average3.14% above the market average3.14% above the market average3.14% above the market average
14.29% below the sector average14.29% below the sector average14.29% below the sector average14.29% below the sector average14.29% below the sector average
Growth
61.29% above the market average61.29% above the market average61.29% above the market average61.29% above the market average61.29% above the market average
64.71% above the sector average64.71% above the sector average64.71% above the sector average64.71% above the sector average64.71% above the sector average

What The Brokers Say

Strong Buy 2
Buy 0
Neutral 1
Sell 0
Strong Sell 0
Total 3
buy
Broker recommendations should not be taken as investment advice, and are provided by the authorised brokers listed on this page.

STOB Dividends

  Latest Previous
  Final 2nd Interim
Ex-Div 20-Jun-19 27-Dec-18
Paid 31-Jul-19 31-Jan-19
Amount 3.00p 1.50p

Trades for 28-May-2020

Time Volume / Share Price
16:35 10,497 @ 49.75p
16:29 999 @ 50.40p
16:29 507 @ 50.40p
16:29 206 @ 50.40p
16:29 5 @ 50.40p

STOB Key Personnel

CEO Warwick Brady
COO Nick Dilworth
CFO Lewis Girdwood

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