Dewhurst Share Discussion Threads

[cockerhoop] 10/7/2020 15:03

Not sure via a TR1 but the AR certainly includes significant holders of the 'A' shares which actually includes some family members which I find reassuring. I think MI Discretionary were potential the recent sellers.

[coolen] 10/7/2020 14:43

Am I correct in thinking that, being non-voters, we would never get a clue via a TR1 as to the identity of the large players in the "A" shares ?

[jaf111] 06/7/2020 12:57

Nice move up ....only news being a chunky share buyback which the company can clearly afford.....certainly suggests to me trading can't be too bad and a final dividend more than likely...

[cockerhoop] 11/6/2019 09:52

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

[jaf111] 11/6/2019 06:21

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 10:48

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

[jaf111] 03/5/2019 12:52

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 19:46

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

[jaf111] 17/4/2019 08:34

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 21:23

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 12:00

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 17:39

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

[topvest] 20/7/2018 17:21

Both deliver identical dividends.

[jaf111] 20/7/2018 14:13

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 12:32

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 11:21

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

[cockerhoop] 17/7/2018 20:36

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 19:31

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 11:21

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 09:03

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