Dawson Intl. Share Discussion Threads

[cg1953] 18/6/2009 04:55

interesting to see Ghione back on the board.
is he not the same chap who was involved previously and has a large shareholding ?

[tomoslewis] 17/6/2009 23:22

I am a bit surprised at the lack of reaction to today's news, particularly given that today's anouncement will result in the repayment of borrowings, and a further transfer of current assets to cash. Current assets dwarfing the current market capitalisation. Doubled my holding this morning.

[arthur_lame_stocks] 17/6/2009 10:45

So T&D's gone at last.

Looks to be about £8-£8.5m plus another £5m to be realised from working capital.

Not bad I guess.

Now they just need to sort out the pension fund.

[the troll] 08/5/2009 12:38

it does look as though the sale of Todd & Duncan's proceeding though ? resolve that lease issue & we're there.

[deswalker] 08/5/2009 11:53

lots to chew on in AGM statement.

[langland] 19/4/2009 20:48

Wrong dawson...wrong thread

[masurenguy] 19/4/2009 20:28

Daily Telegraph
19 Apr 2009

Dawson News loses £125m contracts

Troubled newspaper wholesaler Dawson News is expecting to lose two more major contracts worth £125m, including one with Trinity Mirror, within the next two weeks/ The news comes as Dawson is taking legal advice after losing a series of lucrative contracts and is considering whether to challenge a recent decision from the Office of Fair Trading (OFT). It is preparing to lose the Trinity Mirror contract, worth £50m in revenue terms, and Marketforce, which distributes titles such as Elle and Red. The Marketforce contract is worth £75m in revenues.

It has lost lucrative contracts with Associated Newspapers and Comag. It also lost major magazine contracts with Frontline and Seymour Distribution. The contract with Trinity Mirror expires in September, while the Marketforce contract ends on December 31. Its contract with Telegraph Media Group, due up in the autumn, will also not be renewed. The company's legal team is understood to be investigating whether the client losses are the result of predatory pricing and a collective boycott – an allegation that will meet much opposition. Its two main rivals are Smiths News, which has a strong presence in the south of the country, and John Menzies, strong in the north.

Dawson is linking its worsening situation to an OFT decision last year against referring the newspaper and magazine distribution market to the Competition Commission, on concerns that the three main players had come to dominate the market. The OFT decided against a referral because of the unique status of newspapers but indicated that it was looking for changes in the magazine sector, saying absolute territorial protection should be removed from magazines and wholesalers could sell into any territory. The OFT's intention was to increase competition leading to lower prices, higher service levels and higher availability. However, wholesalers soon had concerns about previously exclusive territories being opened to competition.

Dawson is now expected to ask the OFT to reassess the situation urgently. Some retailers are also believed to be considering approaching the OFT about Dawson News's situation. Peter Harris, the chief executive of parent company Dawson Holdings, said: "The end result has been the exclusion of Dawson News and a number of smaller wholesalers from the market, effectively creating a wholesaler network of just two regional monopolies.." Dawson said that while it believes its pricing has remained aggressive, it is still is unable to compete with the low prices offered by Smiths and Menzies.

[lobo] 17/4/2009 12:12

"The independent directors (being David Cooper, Andrew Bartmess and Stephen
Russell) consider, having consulted with the Company's nominated adviser, WH
Ireland Limited, that this resolution is not in the best interests of the
Company and unanimously recommend that shareholders vote against this resolution
as they intend to do in respect of their own beneficial shareholdings which
total 25,000 ordinary shares, representing 0.01% of the issued share capital of
the Company."


Nice to know that the independent directors are heavily invested in their own company. :)

[cg1953] 16/4/2009 12:59

moving up slightly over the last few days ?

[the troll] 27/3/2009 16:50

hope so, & even then, it wouldn't be expensive. have you looked at AIEA ? new CEO bought 1.5m shares yesterday following results.

[battyman2] 27/3/2009 15:33

If this breaks through 3p then next stop is 5p+ absolutely certain.

[the troll] 21/3/2009 18:54

MK Cap = net cash, ie you get the businesses for nothing, this could yet turn out to have been a shrewd move by LDSG.

[deswalker] 11/3/2009 07:30

Results look good.

[callumross] 23/2/2009 13:53

oops - looks like the party is over - time to get out methinks!

[battyman2] 21/2/2009 17:21

Pal999: try reading the RNS's:


"International PLC announces that it has signed non-legally binding Heads of Agreement with Ningxia Zhongyin Cashmere Co. ("Zhongyin") regarding the possible sale of the business and assets of its Todd & Duncan cashmere yarn spinning business ("Todd & Duncan").
This may or may not lead to a sale of the business. Any such transaction would be subject to the satisfactory completion of due diligence by the purchaser and detailed contractual negotiation."


The business is going to be sold!!

[pal999] 20/2/2009 17:48

Just heard that the spinning division Todd & Duncan has told employees that the factory will be closed for one week and thereafter onto a 4 day week due to zero sales? What? Doesn't add up?

[pelleeds1980] 20/2/2009 09:51

You seem to be ramping this everywhere today. Should be doesnt give me much confidence. Can you justify your 5p valuation

[battyman2] 20/2/2009 09:38

This should be 5p plus!!

[battyman2] 20/2/2009 09:38

This should be 5p plus!!

[battyman2] 20/2/2009 08:57

troll - too true, too true

[the troll] 19/2/2009 23:40

a pathetic amount of stock traded though given the positive nature of the announcement ?

[battyman2] 19/2/2009 13:43

MM's being ultra cautious probably because of the financial crisis?

[battyman2] 19/2/2009 13:42

Rocketriser - hope you're right.

This share price should be at 5p + on todays news!!

[suehelenreturns] 19/2/2009 11:13

This is going to be a multi-bagger over the next week or two!

[rocketriser] 19/2/2009 11:10

I believe that Ningxia Zhongyin deal is done.