Updates

Stobart - Still on track to triple EBITDA by FY 22

December 2017

Investing in shares may lose you all or some of your money. Past performance is no indication of future performance. Some of the shares recommended here may be small company shares, which can be relatively illiquid and hard to trade and this makes such shares more risky than other investments.

If Stobart’s two main divisions, biomass-to-energy and Southend airport, achieve their goals then EBITDA will have reached £98m by 2022 from a base of £30m last year. That’s the gravy for anyone wanting to own this share and its first half results showed signs of progress towards this. While H1 EBITDA soared dramatically from £20m to £132m, this was largely due to one off gains from the disposal of part of its stake in Eddie Stobart Logistics (ESL; 157p).Nevertheless, there was good underlying progress, particularly in its aviation division (which owns and operates Southend Airport), with EBITDA increasing from £1m to £6.2m. This partly reflected first time contributions from acquisit ...

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With small companies there is an above average degree of risk compared to buying blue chips. Please be aware that we have not assessed the suitability of any of these investments for you. The newsletter simply states a personal view and diarises the editor’s investment decisions. Please speak to your stockbroker or other qualified individual to ascertain whether any of these companies mentioned would form useful additions to your own portfolios. Past performance is no indication of future success.

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