Dewhurst Share Discussion Threads

[cockerhoop] 11/6/2019 10:52

Circa 35p EPS (adjusted for acquired intangibles) a decent step up from last year and consistent with FY forecasts.

[jaf111] 11/6/2019 07:21

Somewhat underwhelmed by results....was expecting a little more especially after recent run up in share price. Certainly surprised that currency movements had no material impact.

[jaf111] 16/5/2019 11:48

very very quietly the share price keeps moving higher...... interims should be out mid June......

[jaf111] 03/5/2019 13:52

Wide spread not encouraging much activity in either share currently after higher volumes last week.....but trend still seems in the ascendancy with thee DWHA still following DWHT

[contrarian joe] 26/4/2019 20:46

Broken out from it's high in 2018 with higher volume than normal in last couple of weeks.

[jaf111] 17/4/2019 09:34

Both DWHA & DWHT moving up nicely....fingers crossed this just the start....

[cockerhoop] 25/1/2019 20:33

Share Buyback hTTps://www.investegate.co.uk/dewhurst-plc--dwht-/rns/transaction-in-own-shares/201901251733451957O/ The 2 previous recent occasions this has happened in Feb 2017 & July 2014 performance was decent in the following 12 months. Their timing appears sound.

[bench2] 30/11/2018 12:17

Final results in past 3 years have been announced on the first Tuesday of December . But no mention in todays Inv Chron .

[jaf111] 06/11/2018 08:27

continued hibernation....but FY results due early December so hopefully some life in run up....and post results. Seem very cheap, esp with sterling remaining weak - see my post 8 August

[coolen] 26/9/2018 22:23

New 3% stakeholder today. A bit of guesswork needed, but seems Mr I.R. Scott may live up to his first name "Ingmar". I see that, in Swedish, this means "shrewd and successful in business". I'm guessing that a purchase of 1,000 shares at £10.80p on 24th September tipped him over the 3% level. Guessing also that he built up this stake through his privately-owned "Rio Capital" companies. Records at Companies House show that the Rio Group upped their profits from £300,000 to £1.4m last year. Given their percentage holding in Dewhurst and Rio's small net asset base of £2m, I calculate that last year's profit of £1.4m was achieved by holding shares almost solely in Dewhurst. Not only an apparently shrewd investor but an honest taxpayer: A quick look tonight at Official records shows that Rio duly paid over a full 25% of that gain to HMRC in Corporation Tax, with no fancy reductions claimed, putting the likes of Amazon and Facebook to shame.

[jaf111] 08/8/2018 13:00

Both DWHT & DWHA shares seem to have gone into holiday hibernation, but recent weakness of Sterling should benefit the company..... As noted in the half year report (13 June) "another significant negative impact on the results was the strengthening of Sterling" Perhaps we could get a trading update soon as in August 2016 where the fall in the pound following the Brexit referendum was stated as a benefit to reported sales and profits.......here's hoping!

[contrarian joe] 20/7/2018 18:39

Yes both pay 12p,though you get a far better yield on DWHA.

[topvest] 20/7/2018 18:21

Both deliver identical dividends.

[jaf111] 20/7/2018 15:13

So in rough terms DWHT has doubled in value over the past 3 years whereas DWHA has risen 50%..... Maybe something afoot to justify......otherwise a clear opportunity???

[cockerhoop] 20/7/2018 13:32

Pro's Attend & vote at Agm's and in any corporate actions. Potential for higher price in the event of takeover. (though influence somewhat illusory as family control over 50%) Cons Lower dividend returns Possible lower growth returns as disparity between 'A' & 'T' at very high historic levels.

[jaf111] 20/7/2018 12:21

Really really struggling to understand the continued outperformance of DWHT over DWHA.....why buy DWHT rather than DWHA????

[cockerhoop] 17/7/2018 21:36

WCB, If you'd have made that argument a few months ago it would have suggested that the company couldn't use two thirds of the cash to buy 25p of additional EPS. Yes the pension deficit is there (as it is with lots of companies that also have debt) and should be taken into account but it's far too simplistic to just offset cash against it imo.

[westcountryboy] 17/7/2018 20:31

Yes, though you can't really take the cash into account as the market offsets it in view of the large pension deficit. Anyway, I take the long view on the A shares - I remember when the discount was far lower and at some stage it will be lower again.

[cockerhoop] 17/7/2018 12:21

DWHT 2019 PE 13-14, lower if you take cash into account. Decent ROCE & Op Margin of 12%. Hardly massively expensive.

[topvest] 17/7/2018 10:03

Yes, totally ridiculous. These are either very cheap or the voting shares very expensive...take your pick!

[cockerhoop] 17/7/2018 09:17

DWHT tipped in the IC over the weekend (A Slateresque AIM screen) with a positive writeup. Seems to have given the 'T' shares a boost. The share price disparity between the 'A' & 'T' looks even dafter.

[coolen] 10/7/2018 23:13

Perhaps reflects the recent acquisition going well ?

[jaf111] 10/7/2018 22:46

Two days of gains...and a little bit of volume today Hopefully the start of a decent rally.