Stobart Group Ltd. (STOB)

Sector:

Commercial Transport

Index:

FTSE Small Cap

126.80p
   
  • Change Today:
      0.80p
  • 52 Week High: 233.00
  • 52 Week Low: 100.40
  • Currency: UK Pounds
  • Shares Issued: 374.65m
  • Volume: 700,698
  • Market Cap: £475.06m

Wizz Air to launch new routes at Stobart\'s Southend Airport

By Michele Maatouk

Date: Thursday 22 Aug 2019

LONDON (ShareCast) - (Sharecast News) - Stobart Group has signed an agreement with low-cost airline Wizz Air, which will launch three new routes from Southend Airport.
Wizz will launch three new routes from Stobart\'s airport to Bucharest and Sibiu in Romania, and Vilnius in Lithuania. The airline will operate 14 weekly flights from Southend using Airbus A320 aircraft.

With the launch of the new routes, expected in October and November, the airport is set to welcome an additional 250,000 passengers in the first year of the five-year agreement, as it builds towards its target of 5 million passengers a year by February 2023.

Chief executive officer Warwick Brady said: \"The agreement with Wizz Air is another significant milestone in the development of the UK\'s fastest-growing airport, London Southend Airport. The partnership increases the domestic and European destinations we can offer customers to more than 40 by adding exciting and increasingly popular destinations in Central and Eastern Europe.

\"Last year, we increased passenger numbers at London Southend Airport by one-third to more than 1.5 million. This is part of our plan to become London\'s next big airport as we aim to hit our target of 5 million passengers per annum by February 2023. 2019 has also seen substantial progress at London Southend Airport. Not only in terms of more airlines starting services, but the continued development of the airport\'s infrastructure and retail offering.\"

At 1515 BST, the shares were up 0.6% to 111.50p.

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STOB Market Data

Currency UK Pounds
Share Price 126.80p
Change Today 0.80p
% Change 0.63 %
52 Week High 233.00
52 Week Low 100.40
Volume 700,698
Shares Issued 374.65m
Market Cap £475.06m

STOB Star Ratings

Compare performance with the sector and the market.
more star ratings
Key: vs Market vs Sector
Value
2.67% above the market average2.67% above the market average2.67% above the market average2.67% above the market average2.67% 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
73.26% below the market average73.26% below the market average73.26% below the market average73.26% below the market average73.26% below the market average
66.67% below the sector average66.67% below the sector average66.67% below the sector average66.67% below the sector average66.67% below the sector average
Income
8.55% below the market average8.55% below the market average8.55% below the market average8.55% below the market average8.55% 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
56.84% above the market average56.84% above the market average56.84% above the market average56.84% above the market average56.84% 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 5
Buy 0
Neutral 0
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 18-Oct-2019

Time Volume / Share Price
16:35 87,821 @ 126.80p
16:29 425 @ 127.00p
16:29 480 @ 127.20p
16:29 322 @ 126.80p
16:29 1,084 @ 126.80p

STOB Key Personnel

CFO Mark Adams

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