Stobart Group Ltd. (STOB)

Sector:

Commercial Transport

Index:

FTSE Small Cap

114.40p
   
  • Change Today:
    -3.60p
  • 52 Week High: 205.00
  • 52 Week Low: 100.40
  • Currency: UK Pounds
  • Shares Issued: 374.65m
  • Volume: 1,099,987
  • Market Cap: £428.60m
  • Beta: 1.02

Stobart ends long search for new chairman

By Sean Farrell

Date: Wednesday 15 May 2019

LONDON (ShareCast) - (Sharecast News) - Stobart has ended its long hunt for a new chairman by appointing David Shearer as a non-executive director of the infrastructure company.
Shearer will join the board on 1 June as chairman-elect and will take over when Iain Ferguson stands down at the annual meeting in July. Shearer is chairman of Speedy Hire, the Scottish Edge Fund and Aberdeen New Dawn Investment Trust. He will step down from the job at Aberdeen New Dawn in September.

The owner of Southend airport has been looking for a new chairman since July 2018 as it sought to draw a line under a boardroom battle involving its former chief executive, Andrew Tinkler, trying to remove Ferguson. The dispute overshadowed the company for most of 2018 as both sides launched legal action against each other.

Ferguson said: "I am pleased to be handing over as chairman to David after the next AGM. He has considerable experience which will help chief executive Warwick Brady and the team to implement the group's strategy and deliver our ambitious growth targets."

Shearer, the former senior partner for Deloitte in Scotland and Northern Ireland, said Stobart had a good business but the company needed to unify shareholders behind its strategy. Andrew Wood, the senior independent director who led the recruitment process, will also leave at the next annual meeting.





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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 114.40p
Change Today -3.60p
% Change -3.05 %
52 Week High 205.00
52 Week Low 100.40
Volume 1,099,987
Shares Issued 374.65m
Market Cap £428.60m
Beta 1.02

STOB Star Ratings

Compare performance with the sector and the market.
more star ratings
Key: vs Market vs Sector
Value
7.41% above the market average7.41% above the market average7.41% above the market average7.41% above the market average7.41% above the market average
22.22% below the sector average22.22% below the sector average22.22% below the sector average22.22% below the sector average22.22% below the sector average
Price Trend
65.22% below the market average65.22% below the market average65.22% below the market average65.22% below the market average65.22% below the market average
55.56% below the sector average55.56% below the sector average55.56% below the sector average55.56% below the sector average55.56% below the sector average
Income
22.86% below the market average22.86% below the market average22.86% below the market average22.86% below the market average22.86% below the market average
53.85% below the sector average53.85% below the sector average53.85% below the sector average53.85% below the sector average53.85% below the sector average
Growth
56.41% above the market average56.41% above the market average56.41% above the market average56.41% above the market average56.41% 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 4
Buy 0
Neutral 1
Sell 0
Strong Sell 0
Total 5
strong_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 19-Nov-2019

Time Volume / Share Price
16:35 216,157 @ 114.40p
16:29 246 @ 114.80p
16:29 340 @ 115.20p
16:29 1,768 @ 114.40p
16:29 382 @ 114.40p

STOB Key Personnel

CFO Mark Adams

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