Gibbs & Dandy Share Discussion Threads

[pictureframe] 20/4/2004 08:42

shares issued to market today I think, I got some expected to bounce today a 49% drop is way overdone imho. Looks like easy money

[seconduser] 20/4/2004 08:30

no news anywhere, share split?

[1jags] 20/4/2004 08:21

anybody know why the big fall??????

[mw8156] 08/3/2004 19:23

Todays news makes a bid very likely in due course?

[r.dryden] 23/8/2003 10:44

Nice chart.

[kombimatec] 20/8/2003 04:59

Interims Tuesday 26th. Expect rise in dividend. The shares have had a good run since March when they had the option of buying back shares or making a special dividend. The special dividend route was voted on and it was the best and most cost effective option of rewarding shareholders. I expect that unless they can find another potential acquisition they will pay another special divi.

[qas27] 19/8/2003 21:08

Interim results out soon, thursday 21st?

Any ideas on the results...

[kombimatec] 19/8/2003 11:46

According to IC magazine the 5 year share performance of this stock compared to the FTSE all share average is the best of all family run quoted companies. The Dandy family control 41% of the voting rights.

[kombimatec] 11/7/2003 09:08

Inspite of the 36p dividend paid out in April this stock has recovered. They are now well above the pre-dividend announcement price. They are still very cheap and a very impressive track record.

[kombimatec] 20/3/2003 09:21

They have gone ex div hence the fall. Holders can expect 36.5p dividend early April in new tax year. Did you buy any Skipster? There may be further comments by IC tomorrow. Shares Magazine rated them as a buy last week whereas IC rated them as 'good value' with profit growth forecast of 10% year on year. They also reported on Travis Perkins pointing out that as the housing market declines more is spent on home improvements.

[skipster] 19/3/2003 15:27

Why the fall today? I thought ex-divi date was the 21st?

[kombimatec] 12/3/2003 09:29

I expect these magazines to report very favourably about this company whose 'sparkling performance - Daily Mail' was revealed in its figures published last week, too late for the IC & Share magazines editions.

Unlike the majority of companies this company has consistently supplied good news for many years. Good cash reserves, good profits and strong assets make this a solid company.

[kombimatec] 12/3/2003 08:54

Here's what the Daily Mail said:-

Builders merchant Gibbs & Dandy also put in a sparkling performance as it recommended a one-off special dividend of 30 pence per share alongside a strong set of figures for 2002 in reflection of its healthy cash position.

Pre-tax profit for 2002 was £3.9m, up from £2.88m, on sales of £51.6m, an increase of 8.4% over the £47.6m achieved in 2001. It also raised the total dividend for the year by 37% to 11p per share after a final payout of 6.8p. Gibbs & Dandy shares closed up 22p at 227p.

Look out for good comments from Shares magazine & Investors Chronicle this week

[kombimatec] 07/3/2003 11:04

The GDYO shares have always been at a premium to the GDYA non voting shares. In 1996 GDYA were 69p & GDYO were 91p. Their values have grown consistently over the years. There are far fewer GDYO shares in issue than GDYA. That's because it was a family run business and the GDYO shares are held more tightly. Both these shares rank equal except for the voting rights. Both will receive the 30p special dividend. The appointment of the new non executive directors I believe is significant. Perhaps the main holders of the GDYO shares are looking to widen the share ownership. Certainly it must be viewed as a move towards wider control. A question to be raised at the AGM.

I do hold these shares and have done so since 96 and I have witnessed the management's skill in action. Acquiring other merchants at the right price and still delivering increased profits and ever higher dividends. As they grow their buying power improves and their successful format is applied to the new additions. They are a top quality team and worthy of far more attention than the markets hitherto has given them. When you compare them to other small companies like AFN etc. you wonder why.

They have hidden assets like their HQ in Luton. It's in prime house building position(BG recently closed next door and now is a housing estate)with recently added traffic calming measures in it's approach it is likely to mean a relocation and a release of this asset. Probably big enough for 50 homes.

They will surely continue acquiring other merchants or maybe lining themselves up for a bigger fish to swallow them up.

[serratededge] 06/3/2003 20:33

The "A" shares look a lot more tradeable. Spread 1.7% as opposed to nearly 10% for the "O". At around 400p a 40p spread on GDYO is rather steep :(

Also the "A" shares with a spread of 4p (225-229) have risen about 30p in the last 6 months and the "O" shares seem to have declined and then recovered to about their September 2002 level.

I cannot see why I would want the "O" shares with their poorer historic performance and wide spread. Maybe the difference is to do with voting, might I guess?

[red army] 06/3/2003 18:30

I don't understand the difference in the two shares ie GDYA GDYO and who is paying the divis ie the 30p etc - Can you explain as it would appear to muck up the p/e ratios????

[kombimatec] 06/3/2003 10:30

Check out the latest results for GDYO & GDYA. Solid performs over several years and now to top it all a special dividend. Nearly a 20% yield on the GDYA shares and 10% on the GDYO. Serverly underated.