This little snippet appeared in the Evening Standard a few weeks back, any opinions on what it means or where it might lead?
Market Report: Shares tumble as record highs give way to nerves before US Fed meeting - Analysis & Features - Business - London Evening Standard
Shares of Dart Group, owner of the Jet2 airline and package tours group, have been soaring in the past few months. Brokers are whispering that a new shareholder might be the cause. Especially as it’s Richard Bernstein’s activist group Crystal Amber.
The question is, what has Bernstein, currently laying siege to Pinewood Studios’ Michael Grade, got up his sleeve for Dart? Some in the market are talking of a potential spin-off of Dart’s haulage business. But that’s probably wide of the mark.
Punters in Jet2’s northern heartlands are about to start getting flusher and when compared with the likes of easyJet, Dart’s accounting policies are cautious in the extreme: in other words, it’s got more cash in it than the market had cottoned on to.