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Real-Time news about Dawson Intl. (London Stock Exchange): 0 recent articles
|battyman2: Dina, don't know but should be very early in the new year. If this company starts making a nett profit next year just think where the share price will rocket up to!|
|callumross: we shouldn't really laugh about this but on 7th May 8trader posted the following on the PDR thread in response to my concerns about the share price movements in PDR that day:
"Bit extreme there !
What's so suddenly gone bad to make you say that.
I reckon distressed seller so mm finding a support level to clear
THE NEXT MORNING PDR HAD GONE BUST! LOL|
|bunlop: Brixlaven. A small director sell does not affect the company's trading performance but may damage the share price for a few days or weeks. This could be good as it shakes out the weak holders. DWSN trading performance is going from strength to strength. We should not be so focused on small day to day share price movements. With the very good recent results, and the confidence of bond holders to convert to equity IMHO this share should have a good year.|
|cockneyrebel: TAR is an investment fund. They buy small stakes of underperforming stocks from large instituions, often in return for that inst. taking shares in TAR. TAR then put pressure on the management to perform. The stakes they get off institutions are usually too small for that institution to be bothered with pressuring or selling butif TAR do the business and realise value the institution gets a return throgh TAR's share price.
Smart operators - NAV out later today.
|kourdos: Despite today's "profit warning" the share price went up after this morning's mark-down. That means the potential bidder is closer ? I bought three weeks ago when the bid speculation resurfaced... Does anyone know of any big buys that kept the price up during the day ?
27 Nov 2001 07:30
RNS-Dawson International Trading Statement
Dawson International PLC
27 November 2001
DAWSON INTERNATIONAL PLC
KINROSS KY13 8GL
Tuesday 27 November 2001
Dawson International PLC, the world's leading vertically integrated cashmere
business, today announces a trading update for the year ending 29 December
Our focus to consolidate the fibres and yarn manufacturing activities to
achieve long term operational and financial benefits remains on track, with
the new cashmere dehairing facility in Kinross scheduled to begin production
in Spring 2002. Following investment in our premium cashmere brand, Ballantyne
has made solid progress. The new image unveiled in September, with the
re-opening of the London Bond Street store and a new advertising campaign
featuring international supermodel Karen Elson, has received a very positive
Progress has, however, been impacted by the consequences of the events of
September 11th and the continued fall in cashmere raw material prices. The
widely reported slump in air travel and tourism has drastically affected
consumer spending in the luxury goods market. This has resulted in a
significant drop in Ballantyne sales, particularly in London and New York,
over the last three months, despite which we still expect to increase turnover
year on year. The effects are also being felt in the haute couture business of
Dawson Cashmere Knitters, which supplies some of the world's top fashion
houses, many of which have recently reported a downturn in demand for their
In the interim results we signalled the impact of the rapid decline in
cashmere raw material prices. We anticipated that a measure of stability would
return in the second half, but the fall has continued with an adverse effect
on both volumes and margins in our fibres and yarn business.
2 Based on the above, the Board of Dawson International PLC now expects to incur
a pre-exceptional operating loss of around ?1 million for the full year.
Throughout the year the business has been focused on tight management of
working capital to reflect the fall in cashmere raw material prices. This
focus will continue and the business is expected to end the year with a
positive cash balance of over ?5 million. Though current market conditions may
continue for some time the Board is confident that its strategy to invest in
the Ballantyne brand together with the Group's healthy balance sheet will
ensure the business is in a strong position to benefit from economic recovery
when in returns.
For further information please contact:
Paul Munn Chief Executive 01577 867000
Mark Whittet Beattie Media 01324 602550|
|billy whizz: I'm suprised this has not had more of an airing on this supposed superior BB.
The shares have effectively moved 50% up in last couple of weeks due to a certain Italian gentleman,the chairmans statement was pretty positive and a lot of people were sceptical about the large div being paid.
I was tipped this share before ex div and consolidation and although I thought it a bit risky decided that there were enough plusses to invest a modest sum bearing in mind that whatever happened I could only loose 1/2 my money due to 12.6p div on 24p share price. So far so good!
I would be interested to learn of any others who bt this at the right time or was everyone pre-occupied with the Tech stuff and missed out on a really good punt?
Sure theres risk here but Cashmire is a popular comodity among the well shod and there are plenty of those about these days.....What price for takeover? this looks highly likely in the not too distant.|
Dawson Intl. share price data is direct from the London Stock Exchange