Dewhurst Share Discussion Threads

[18bt] 02/12/2008 07:15

Time to reinvigorate this thread after cracking results today. Another small company with £5m of cash on the balance sheet, highly profitable and a market cap of only around £14m. PE of 3.9x on the A shares.

Does anyone else hold these?

[insipiens] 16/12/2007 12:02

The usual statement - we made more money but the future is gloomy. Been saying that for the last two years. One suspects fiscal ultra-conservatism or.....

[insipiens] 14/11/2007 16:43

Still here.....

[dumpling] 11/6/2007 15:56

Put in 1500 "at best". Just gone through @207P. Looks as if it caused the price to drop 1P - sorry about that. It's the first time I recall any deal of mine having an effect on a share price.

[dumpling] 11/6/2007 15:25

I've just tried to sell 1500 of these. Max. sale is 150! - bloody ridiculous.

[dumpling] 11/6/2007 15:25

I've just tried to sell 1500 of these. Max. sale is 150! - bloody ridiculous.

[patviera] 14/1/2007 19:23

so mkt cap is 16 mill...makes 2.3..prob less next year...pension def of 5 mill...pe of 8...so fairly valued...small co. with family control...why do u think so cheap?also....5 pct on 5 mill cash is 250 not 100...what school did u go to?i was taught by mr butt and mr al hawi...u obviously werent!!

[overmars] 11/1/2007 13:38

Tax is nearer 30% so 3.4 mill less tax is 2.3 mill.

Interest is about 100k...I do not follow your maths.

[patviera] 10/1/2007 18:37

cos higher cash pile equates to more interest....3.4 minus 20-ct tax plus interest..u gat 3 mill..hopefully my school taught me well!!...

[overmars] 05/1/2007 10:58

Patviera

How does 3.4 mill equal 3 mill after tax ?

Thanks

[patviera] 15/12/2006 22:43

3.4 mill pbt...so equates to 3 mill when u add the interest on the increased cash balance....mr overmars v good point but u mustnt be negative...think of the ever increasing cash pile and think of all that lovely interest and u get lovely after tax profit.....i love em love em love em

[overmars] 14/12/2006 21:54

Hi patviera

What about the tax payable on the 3 million pa of profit ?

[patviera] 09/12/2006 22:54

mkt cap 16 mill...cash 5 mill..property worth prob 5 mill..profits of 3 mill...you tell me!! i think this is cheapest share in market.get ure money back in 2 years!!small neg is pension deficit.

[dumpling] 07/12/2006 16:24

What's this share worth then? Are things going to deteriorate further? Has the market overreacted? A lot of embedded value though. Would Mr Dewhurst sell the company if a bidder appeared? I might get down to the next AGM if I am still a holder.

[insipiens] 15/11/2006 11:57

pre-result run up. Wonder which way the acquisition will have affected revenues.

dumpling - welcome back

[dumpling] 14/11/2006 16:00

I've dipped my toe in again - shame about the spread.

[dumpling] 26/10/2006 15:38

I sold these for 238P some time ago - one of the rare occasions when my timing was pretty well spot on. I am looking to come back in, being attracted by the NAV of £4 a share and Price/sales of 0.25. I would have thought this might attract a bidder. Any comments welcome - am I overlooking something?

[insipiens] 09/6/2006 00:52

Clearly a major piece of news judging by the rapid move in the share price and numerous new postings, lol - an increase in divi and the usual pessimistic comment on the 2nd half.


" LONDON (AFX) - Dewhurst PLC, which supplier components to the lifts, keypad
and rail industries, has reported higher first half profits but said it will
have to work hard to maintain its position in a challenging market.
In the 6 months to March 31, Dewhurst made a pretax profit of 1.8 mln stg
compared to 1.5 mln in the year earlier period, while sales were broadly flat at
15.0 mln.
The group said it will need to make "further improvements" in the second
half to maintain its position, citing a difficult market of "declining prices
and significant cost pressures."
The company has declared an interim dividend of 1.71 pence per share
compared with 1.63p last year.
[e-mail]"

[insipiens] 30/4/2006 18:01

Well, they updated their website.

Mean't I had to locate their brand gif again to re-edit the header link.....

Interims in a month I expect.

[patviera] 16/4/2006 20:06

imstill a buyer but on weakness..crucial times with acquisition

[insipiens] 01/4/2006 19:50

Patrick,

Hope all is well with you.

I sold my DWHT at around the 250 mark, with a 55p gain + dividend income. I have now started accumulating DWHA initially at 190p as per my theory of a while back (seasonal downtrend).

the first half has closed so will be looking at the interim dividend later this summer for indication of whether to continue accumulation.

I expect, due to the economy having not contracted as much as some doomsayers have been thinking [moi?], we might expect a continued growth in sales thus implying continued dividend growth.

My only possible concern will be the integration of the January acquisition subsequently it's effects on margin, cash and any one off costs associated - will be watching very closely.

Assuming continued sales growth, in-line dividend growth, and no surprises I will continue to accumulate from August.

[manrobert] 22/2/2006 13:48

yes we probably do .its just a question of whether the tax advantage is considered more beneficial than the individual share/