Dewhurst Share Discussion Threads

[cwa1] 22/7/2004 15:19

The Company recently had to tender for the supply of a keyboard for the latest
model of Automated Teller Machine for a major customer within the keypad
division. Regrettably, due to price pressure from overseas manufacturers, the
Company has been informed it has lost this contract. This is not expected to
have an immediate impact on the Company as the new model is not forecast to
replace production volumes of the existing product until late 2005. The effect
in the Company's 2005 financial year should not be significant, based on current
information. However the work for this customer represents a significant supply
contract within the division, which the Directors estimate would have accounted
for approximately #5 million of revenues in the year to September 2006.

In the Lift Division, the Company is pleased to report that we have been
selected to provide the lift pushbuttons and indicators for the majority of the
lifts on Heathrow's new Terminal 5.

As regards current trading, the Board of Dewhurst can confirm that trading in
the year to date is progressing satisfactorily and is projected to meet or
exceed expectations.

The good and the bad, has the market over reacted?

[wipo1] 10/6/2004 07:17

Hi Chris, yeah I am very pleased with interims and very suprised at the lack of interest in this one!

Could rise 20% this one and still look cheap!

[royaloak] 10/6/2004 07:10

Good interim results today, still plodding along!

[royaloak] 09/1/2004 13:28

Hi bpoole, yes, loads of Dewhurst's on holders list, looks like it could be up to 60% at a guess! Bought as a bottom draw stock as fundamentals so good, looks better than money in the bank. The spread is sometimes narrower than this, at the moment I can deal electronicaly, I can sell 5k at 131.75 but only buy 1k at 138.75. Best of luck.

[bpoole] 09/1/2004 12:55

royal,I have just been looking at the fudamentals. NAV 328, yield 3.24% div. growth 5% div cover 3.83. Similar to Victoria Carpets but you can't trade them. Massive spread. Do the family own most of the shares?

[royaloak] 04/12/2003 15:27

Bit of a tortoise this one but good bottom draw stock imho!

Record turnover and profit announced today, increase of cash reserves also. Shares tightly held so difficult to acquire, checked the chart over the past seven years and now at a record high, anyone else in?