Dowlais Share Discussion Threads

[peddlers] 26/4/2024 12:19

All baked into the price.
DWL is heading north.
Glad a bought in when I did.
Nice dividend

[blackhorse23] 26/4/2024 11:04

Specialist engineer Dowlais (DWL) has been dragged into a £450mn operating loss by a major goodwill impairment. The group – which was spun off from Melrose Industries (MRO) last year – has reported a £449mn impairment charge relating to its powder metallurgy division, following a review of its medium-term prospects. The group was further hampered by £120mn of restructuring costs in the automotive business.

[blackhorse23] 26/4/2024 10:59

1.3 billion shares in market

[swinsco] 25/4/2024 12:46

I was talking about Enquest.

[peddlers] 25/4/2024 12:43

Maybe he didn't hit the number 2 key in the keyboard properly

[yertiz] 25/4/2024 12:23

Swinsco, are you sure you're on the right thread/company? Dowlais only came into existence from a split from Melrose, and started life at £1.32 a share, never 13.

[blackhorse23] 25/4/2024 12:19

Added GNC today , waiting here 50p bid

[swinsco] 25/4/2024 07:22

Turn is coming. Bought at 13 when you were mouthing it. Muppet.

[blackhorse23] 25/4/2024 00:39

net debt to £847 million

[davius] 18/4/2024 17:12

That was a great performance today, with the ex-div that's a gain of something like 5%.

[bigbigdave] 18/4/2024 15:38

Good to see this bought up on x divi day

[peddlers] 18/4/2024 15:33

Bought in here on Monday.

Good luck all

P.

[davius] 18/4/2024 08:23

Ex-div 2.8p, so technically up 1.1p currently.

[blueball] 15/4/2024 14:12

Director buy.

[simon gordon] 14/4/2024 20:06

JO Hambro - 9/4/24

Dowlais has noticeably failed to participate in the rally of global auto peers, driven principally by extended technical pressure post the Melrose demerger, higher interest costs and a non-cash impairment at Powder Metallurgy. This is despite good operational execution, a moderation of EV headwinds, margin expansion, a share buyback and multiple director share purchases. The pro forma balance sheet position, however, has warranted some attention given pension contributions, provisions and leases. Whilst no single issue is unsurmountable, the cumulative impact on an operationally geared business means we will tread forward with caution and with a disciplined absolute weight allocation.

[queenbreguet] 12/4/2024 08:32

Over hang seems to be cleared. Starting to gain some momentum

[rolo7] 11/4/2024 16:47

great the holding in the company rns today is two days old involving tranacations in the 9th before the big volume yesterday selling nearly cleared i feel.

[blueball] 11/4/2024 16:43

84 p finish.

[davius] 10/4/2024 16:05

It really isn't (re APH).

120p to 37p in 9 months and no sign of recovery says it all.

Good to see the Dowlais buy back started. At that rate they'll be buying every trading day for the next nine months....

I've done really well on other buy-backs lately, including ITV and LLOY so no reason to expect any different here.

[blackhorse23] 10/4/2024 15:21

Money moving to APH , dividend announcement in 7 days

[qs99] 10/4/2024 11:56

Have bought some more this morning, just looks like a big seller forced price down, IMO this should trend back over a quid....DYOR as ever

GLA
CHeers
QS99

[qs99] 10/4/2024 11:52

thanks QB for posting that....

[davius] 10/4/2024 10:16

Back into profit today.

I thought the fall was well overdone on a goodwill write down, and with a 2.8p dividend (ex-div a week tomorrow) Dowlais has a reasonable yield.

I think 150p might be a little optimistic, but a pound should be easily achievable in the relatively short term.