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| Share Name | Share Symbol | Market | Stock Type |
|---|---|---|---|
| Dawson Intl. | DWSN | London | Ordinary Share |
| Price Change | Price Change % | Share Price | Last Trade
|
|
|---|---|---|---|---|
| 0.00 | 0.00% | 0.30 | 01:00:00 |
| Open Price | Low Price | High Price | Close Price | Previous Close |
|---|---|---|---|---|
| 0.30 |
| Top Posts |
|---|
Posted at 22/12/2008 13:15 by rocketriser A shrewd investor. The the popularity of Cashmere has quadrupled recently so he knows what he's doing!!! |
Posted at 26/5/2008 11:39 by cg1953 callumrossfact1 pg has invested 1 million in DWSN using LDSG cash. whether he subscribed for 'new' shares or bought shares thru the market; he now has a large exposure to a troubled textile company that was in talks [maybe still is] with a large chinese customer/supplier to dwsn, but that so far had declined to make an offer despite having access to dwsn books. fact2 there is no synergy between ldsg and dwsn. there just MAYBE some synergy between british mohair spinners[bms] yorklyde[ykld] and dwsn but they were bought thru BROWALLIA; pg's private investment vehicle. as usual with these swedish investors; all smoke and mirrors and potential conflicts of interest. i should add that i have now only a speculative interest in both these counters, but would have preferred a development other than this one, but then again this news is better than administration !!! lol.but that still may yet arrive. lol but hey, look on the bright side, LDSG have almost doubled there money now !!! lol |
Posted at 25/5/2008 13:47 by jotoha1 I'm with PG on this one, debt no problem once we have reasonable margins, looks like new investors see it the same way...happy investing 8 T |
Posted at 24/5/2008 11:18 by cg1953 terrible news for both companies.using ldsg cash, because they now have none of there own !!! what do they know that the potential chinese investor doesnt ? less, thats what. perhaps they are attempting a greenmail; as camellia tried on them with with bms and succeded; but then CAM is a very smart investor. am told whats left of moorhouse and brook [ykld] is not worth mentioning !!! |
Posted at 23/5/2008 16:10 by ihavenoclue As i thought ... just Third Advance selling entire stake to Leeds group ... so the balance of stock owned by larger investors stays the same |
Posted at 22/5/2008 16:05 by jotoha1 ALS, would expect PG to sort out duff management and sell the company on to new owners at some premium, its currently capitalised at silly money , pension fund is under control and when all manufacturing is from far east should be a winner for some astute investors....fair value now at least 6p, but will they allow it to rise before they fill their boots? |
Posted at 09/5/2008 13:31 by cg1953 jotoha1i do so hope you are right !!! have traded this sucessfully for 20 years but my last punt @3.75 is looking woefully misplaced, and i think the chinese investor that was interested would have made his move, if any, before this better piece of news. |
Posted at 04/8/2007 09:02 by michaelmouse Dawson in takeover talks with Chinese firmHAMISH RUTHERFORD CITY CORRESPONDENT DAWSON International has revealed it is in takeover talks with a Chinese company, raising fears of job losses at the Scottish textiles company. Kinross-based Dawson told investors it was in preliminary discussions with the Zhongyin Cashmere company that could lead to all or part of the company being taken over. "The nature of these discussions is such that there can be no certainty that any offer will be made or as to the terms on which any offer might be made," Dawson noted in a brief statement to the stock exchange. Dawson's announcement was sparked by a BBC report that its Fife yarn spinning operations could be sold to Zhongyin. However, the company was not ruling out a complete sale of the business yesterday. A spokeswoman declined to comment when asked if a takeover would lead to job losses, stressing the talks were "very preliminary". Analysts speculated that the attraction of a deal for Zhongyin would probably be the prospect of savings from lower staff costs. At the time of its 2006 annual report, Dawson employed 1,177 staff, all but 25 in the UK, and mainly in Scotland, though there have been redundancies since. Scottish Enterprise said it had not been in contact with Dawson but would monitor the situation. Zhongyin is based in the city of Lingwu, in the Ningxia province in central China. According to its website it is one of the biggest cashmere processors in China, with sales of $65 million (£32m) in 2005, employing almost 2,000 staff. The firm is an existing supplier to Dawson for dehaired cashmere and cashmere fibre. It is the second time in the past year that Dawson has revealed it is in takeover talks. Last November, the group made a similar announcement without specifying who the parties it was involved with were. Those discussions were ended in February. The former owner of the Pringle of Scotland brand has recovered from heavy losses in recent years but its market cap has fallen to about £11m. Yesterday, shares in AIM-listed Dawson rose 8.5 per cent to 4.75p. This article: Last updated: 04 Michael. |
Posted at 26/11/2006 09:22 by michaelmouse Dawson faces split if takeover of textiles group gets go aheadGUY DIXON CASHMERE group Dawson International is likely to be split up with parts sold to the highest bidder if the company is taken over, analysts believe. The Kinross-based textiles group said nine days ago that it was in early-stage takeover talks "with a number of parties which may or may not lead to an acquisition of a substantial shareholding of existing shares in the company or an offer for the entire issued share capital". It added: "All discussions are at a very preliminary stage and there can be no certainty that any offers will be made or as to the terms in which any offer might be made." Shares in Dawson closed on Friday at 7.25p, valuing the business at just £16.6m. Analysts are unclear about the identity of the suitors, although there has been speculation that a group of Italian investors, including former deputy chairman Giovanni Ghione, are involved. Analysts said buyers would be interested in the cashmere and lambswool yarn business, Todd & Duncan. One said: "I would have thought that whoever buys it would split it up. They have got cash on the balance sheet. The market cap is £16m and you could argue that the brand names are worth more than that. Todd & Duncan is the jewel in the crown." Any successful bid would require the approval of the group's largest shareholder, Third Advance Value Realisation (TAVR), which has more than 29%. TAVR is run by Progressive Asset Management, a fund management group with a history of shareholder activism. AIM-quoted Dawson has been struggling against rising costs and an influx of cheaper goods from overseas. But it had made progress after executive chairman Mike Hartley joined in August 2003. Debts were cut, under-performing assets sold and the bed linen specialist Dorma acquired. But in August, the group said earnings had been hit by the capital investment programme at Todd & Duncan and adverse market pricing. In the year to the end of July, pre-tax losses came in at £3.2m against a profit of £500,000 last time. Hartley described the results as "deeply disappointing". In June, Dawson announced the resignation of Ghione as a director and deputy chairman. He was appointed to the board in March 2002 at a time when a group of Italian investors, later designated a concert party by the London Stock Exchange, had built up a 27% stake. The Italians are understood to have a retained stake of around 13%. This article: Last updated: 26-Nov-06 00:15 From the article:- "The market cap is £16m and you could argue that the brand names are worth more than that. Todd & Duncan is the jewel in the crown." I totally agree the business is still ludicrously undervalued. Cheers. Michael. |
Posted at 02/8/2006 15:31 by stewjames The trouble with comparing the value now with what they paid is that you assume they didn't overpay in the first place. I don't have a strong opinion on that either way, but I do think if you're going to do a sum of the parts like that you should value each component purely on its merit. Comparing it with the price they paid is much like the classic new investor mistake whereby the prices of previous trades in a share influence future decisions on the same share.Now, onto the 5.1M operating profit exc Dorma. Well over half of that is eaten up by central overheads. Either as standalone entities or incorporated into another group, the divisions wouldn't make close to that figure. On top of this, that operating profit is already forecast to drop, and as I'm sure you've seen before, profit warnings rarely come in 1s. There's also that horrendous pension liability to contend with. I think that's a huge issue. It's a volatile sector, swinging frequently between being a tough struggle and an unwinnable war. The problem is even in the "good" times (like now, you could argue) that pension liability is a very noticeable and heavy black cloud to potential investors. All that said, I don't necessarily disagree with your conclusion. Even the worst of companies has a price, and this certainly isn't the worst I've seen. |
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