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DWL Dowlais Group Plc

65.50
0.80 (1.24%)
26 Jul 2024 - Closed
Delayed by 15 minutes
Share Name Share Symbol Market Type Share ISIN Share Description
Dowlais Group Plc LSE:DWL London Ordinary Share GB00BMWRZ071 ORD 1P
  Price Change % Change Share Price Shares Traded Last Trade
  0.80 1.24% 65.50 4,950,606 16:29:59
Bid Price Offer Price High Price Low Price Open Price
65.40 65.75 66.20 64.20 64.20
Industry Sector Turnover Profit EPS - Basic PE Ratio Market Cap
Offices-holdng Companies,nec 4.86B -501M -0.3633 -1.80 892.26M
Last Trade Time Trade Type Trade Size Trade Price Currency
16:35:27 O 98,939 65.50 GBX

Dowlais (DWL) Latest News (1)

Dowlais (DWL) Discussions and Chat

Dowlais Forums and Chat

Date Time Title Posts
25/7/202421:30:::: DOWLAIS GROUP ::::209
11/9/200811:44Dowlis Corporate Solutions11

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Dowlais (DWL) Most Recent Trades

Trade Time Trade Price Trade Size Trade Value Trade Type
2024-07-26 15:35:2865.5098,93964,805.05O
2024-07-26 15:35:2865.5021,15213,854.56O
2024-07-26 15:35:2865.50439287.55O
2024-07-26 15:35:2865.503,6462,388.13O
2024-07-26 15:35:2865.508,2005,371.00O

Dowlais (DWL) Top Chat Posts

Top Posts
Posted at 26/7/2024 09:20 by Dowlais Daily Update
Dowlais Group Plc is listed in the Offices-holdng Companies,nec sector of the London Stock Exchange with ticker DWL. The last closing price for Dowlais was 64.70p.
Dowlais currently has 1,379,071,460 shares in issue. The market capitalisation of Dowlais is £903,291,806.
Dowlais has a price to earnings ratio (PE ratio) of -1.80.
This morning DWL shares opened at 64.20p
Posted at 25/7/2024 09:15 by diku
Yes and that is how quality companies share prices are unnecessarily decimated...all the action amongst the US mag 7 driving indices higher...lower tier shares don't make headways in the upturn but get smacked down equally during sell off...2 tier market...
Posted at 25/7/2024 08:18 by scepticalinvestor
Or not. Price being decimated by a tiny volume of trades
Posted at 24/7/2024 11:15 by louis brandeis
Well, that is really an intelligent comment to make considering Dowlais is hitting record lows! Pretty much anyone who bought in post the spin-off is underwater if they are going long. Even as far back as the GKN purchase Melrose and Dowlais have been poor investments if you were to sell today. By-the-way, I was a large GKN investor before Melrose came along and made a ton of money selling to the corporate raiders.

The current share has a forward yield of 6.5% and is removing more than 5% of its equity from the markets. All that equity removed is to be cancelled, not saved for some LTIP. The sentiment is really poor here, that is obvious, but it doesn't really need to grow its bottom line that much in order to deliver significant returns to shareholders who are happy to sit 'underwater' as part of their MO. The lower it gets the better investment this will be and the more equity will be removed. The only issue I'm worried about is an opportunistic takeover, not the share price moving lower.
Posted at 23/7/2024 19:36 by essentialinvestor
I hold Melrose but not DWL.

The auto market is going through unprecedented change and I'm less sure the Dowlais business will continue to thrive in to the future.
Posted at 23/7/2024 13:20 by louis brandeis
"Poor shareholders, melrose obvs held on to all of the decent assets and dumped the debt and rubbish on DWL"

And that still wasn't enough for them to get their windfall. They had to adjust their LTIP many times, reset it, reconfigure it, delay it, and then encourage the board to deliver a planned beat-and-raise set of earnings releases. Quite straight forward when you are coming out of a pandemic, eh? Even after all that they had to start factoring to make the cash flow figures positive. Oh, and they also had to conflate their LTIP with the Dowlais spin-off to get it past investors. Dear me.
Posted at 23/7/2024 12:48 by scepticalinvestor
Another 900k share sellOof!Poor shareholders, melrose obvs held on to all of the decent assets and dumped the debt and rubbish on DWL
Posted at 23/7/2024 11:51 by louis brandeis
So you admit that if someone is offloading 1.2m shares someone must be buying - which makes your post rather moot doesn't it.

To add: if the company is partaking in a 50m share buyback its agents will be placing buy orders at a requested price LOWER than the currently quoted Exchange Market Size (EMS) because volumes will generally be greater than the EMS. In other words: they are generally not going to buy at volume at a greater price than lower volumes absent of any significant news. This all tends to drive the share price LOWER assuming everything else remains around the status quo.

CRIKEY
Posted at 19/7/2024 16:41 by masurenguy
Dowlais (DWL) – The global automotive industry has faced challenges as it transitions at a slower than expected pace to battery electric vehicles and faces increased competition from Chinese suppliers. So automotive industry supplier Dowlais may seem a curious pick – even more so, perhaps, given its challenging technical backdrop. Dowlais was spun out of Melrose (MRO) and, as is often the case with spin-outs, went through a period of shareholder register dislocation as Melrose shareholders sold. Dowlais needed to find new buyers of its shares. While end markets are challenging, Dowlais is going through a big programme of ‘self help’ – for example, closing a number of manufacturing sites. It likely needs a better end market for the benefits of this to become evident. But it has a very low starting valuation and, as with M&S and Rolls, a high starting market share in what it produces.
Posted at 05/7/2024 13:32 by davius
It's been an interesting few days holding Dowlais.

After the update on Monday,

JPMorgan cuts Dowlais price target to 90 (100) pence - 'neutral'
JPMorgan places Dowlais on 'negative catalyst watch'

the share price took a caning, on that negative catalyst watch view, despite their target being some 25% higher than the share price at the time. Recovery has at least been swift.

Investors in multiple sectors seem to like the big Labour win. Looking at their manifesto there's little to worry them, at least in the short term.
Posted at 22/3/2024 16:55 by rettah
Yes, they are large buys. The directors were also happy to buy at much higher prices previously. Similar to the old Melrose pre split when the share price dropped to around 160p and they loaded up.
Dowlais share price data is direct from the London Stock Exchange