Dewhurst Share Discussion Threads

[pjhutchy] 28/1/2013 19:52

Excellent undervalued company. Run well by sensible and conservative directors. Nice and boring and under the radar to.

[markrogers88] 06/12/2012 22:21

Insipiens - thank you. Interesting to see the premium currently being paid for the voting shares. If asides from the vote there's no difference in the claim of ownership regarding operating earnings and dividends, I know which class I prefer at these prices.

[insipiens] 06/12/2012 16:35

I added the 5 year comparison in the header.

[insipiens] 06/12/2012 16:26

Mark, same divi for both - just the voting difference

I owned A shares as the voting shares were tightly held by the family so a vote would have been ineffectual even if it had occured to me to vote against a proposition.

[markrogers88] 04/12/2012 15:35

Thanks for that WCB, I thought that was the case and wanted to be sure.

Dewhurst is a wonderful company with a great operating history, a real undiscovered gem.

Is ADVFN's data for the A shares out of date in that case, the £3.8M attributable profit applies to both?

[patviera] 04/12/2012 15:27

i agree I have loads of As...divi yield much better!

[westcountryboy] 04/12/2012 14:45

Hi Mark

I always buy the A shares because you get more divi for your purchase. I don't know of any difference other than the right to vote at the AGM, but the absence of that right will necessarily be a turn-off to some people. The best thing is to construct an ADVFN chart comparing the share price of DWHT and DWHA over the last ten years. It is very illuminating. Basically the A shares were once much more fashionable than they currently are, indeed I think the current degree of discount is unparalleled. I would be a buyer of the As today if I didn't already have so many.

cheers
WCB

[markrogers88] 04/12/2012 14:29

Hi, I was hoping someone might be able to help about the structure difference between A and Voting shares in this company.

Does the share price of the A shares compare directly with the voting shares? In other words, do both types of share correspond to the same % claim in the company as the other, and the only difference is the voting premium?

I notice the voting shares are down considerably today after those excellent results.

[patviera] 15/11/2012 19:19

agreed...best management in the sector if not AIM

[18bt] 12/11/2012 07:45

Nice acquisition on what looks like a very low PE of under 4x - probably reflecting the fact that Dewhurst already use it for sales. Underpins what was lookinga more demanding PE following the run up of the shares. Still a high quality small company.

[insipiens] 30/10/2012 14:22

on low volume too.

[attrader] 30/10/2012 13:30

these are moving now

[insipiens] 24/10/2012 15:17

hey up - what is going on here?

pity about the 10% spread

[patviera] 01/10/2012 20:53

mkt cap ex cash is 20m yet is going to make 5m pounds this year??!! wow dirt cheap and rising dividends for 15 yrs? best mngmnt in sector and own freehold site..a steal

[patviera] 20/9/2012 21:32

I hold the A shares and the yield and liquidity is better than the ords.
Lets put us on a pe of 8 x eps of say 50p (which is what Im hoping for) so 400p...so a pound higher for the As(or 380 As and 420 Ords)
We then have 10m qd cash and a freehold property worth 5m qd in for nothing!!
All my opinion but dirt cheap at 300p
Ive held these for 15 years and most years profits and dividends have been rising.Its a steal at 3qd and I think we will be 350p early December on the figs and then 5qd within a year.

[patviera] 18/9/2012 22:10

I hold the A shares and the yield and liquidity is better than the ords.
Lets put us on a pe of 8 x eps of say 50p (which is what Im hoping for) so 400p...so a pound higher for the As(or 380 As and 420 Ords)
We then have 10m qd cash and a freehold property worth 5m qd in for nothing!!
All my opinion but dirt cheap at 300p
Ive held these for 15 years and most years profits and dividends have been rising.Its a steal at 3qd and I think we will be 350p early December on the figs and then 5qd within a year.

[interceptor2] 17/9/2012 13:16

Had a change of mind about holding the ordinary shares, and sold out for breakeven, a bit too illiquid for me. Might look at the A shares where the spread is less, but no rush at the moment.

Good luck to holders.

ic2...

[interceptor2] 16/9/2012 21:58

Good question. I wasn't sure which to buy on Thursday, but looking at the yearly strength the A shares were +31% vs only 18% for the ordinary. Now they are about the same.

ic2...

[westcountryboy] 15/9/2012 19:20

Out of interest, why are you not buying the 'A' shares instead? Higher divi for a start. It's interesting to compare the chart movements for each over the last five years and to buy whichever is better value. DWHT now 33% more expensive than DWHA - hasn't happened for a while.

[interceptor2] 14/9/2012 22:48

Hi cfro, I managed to buy in @ 390p yesterday morning. Must admit I hesitated due to high spread and illiquid nature of the shares. But decided that the positive statement outwighed my concerns.

Worth reading the outlook statement from the last interims and then compare yesterdays statement, what a difference.

Sorry I didn't ping you a mail about these yesterday, but I wasn't sure about the spread etc myself.

ps, agree with your sentiments about WAND, I keep looking at them, but on a PSR of 24.5 I just cant see the investment case myself, maybe I'm missing something.

ic2...

[cfro] 14/9/2012 22:27

This was well spotted IC2, where did you get in at?

As you know, ive not been able to research anything this week due to my computer problems.

[interceptor2] 14/9/2012 22:07

And good to see a new break out on strong volume, these are certainly a buy at this level, and I look forward with interest to increased broker estimates.

My initial target is also 500p.

ic2...

[patviera] 14/9/2012 10:44

EPS of 47-50p cash 10m this is still a screaming buy and my biggest holding by far.LOVE THEM....good divi and own freehold property!! my tgt is 5 pounds.

[westcountryboy] 13/9/2012 21:33

I was amazed that the A shares hardly increased in price at all today. What do people want these days - a man walking in front of a share with a green flag telling you to buy??!