Dewhurst Share Discussion Threads

[interceptor2] 13/9/2012 20:06

Great trading update today



These are rather illiquid and the spread can be large at times, but worth comparing what they said in the last Interim report and todays trading statement.

Looks like they are trading much stronger than anticipated. DWHT are on a forward per of 9.55 before the broker inceased forecasts. Net cash = £5,0m last full year and net margins were 7%.

ic2...

[westcountryboy] 01/12/2011 22:45

I agree good results and with so much capex being spent this year the future bodes well, relative to the general economic situation. What is odd is the unprecedented gap between the Ords and the A shares:



Surely a gap here that is waiting to be closed?

[patviera] 01/12/2011 22:19

wow so upbeat...9M CASH AND MAKE 4.5M ..WRONG PX

[insipiens] 01/12/2011 17:14

yes, unusually upbeat!

[18bt] 01/12/2011 07:51

Final results better than I (and market forecasts) expected and a very positve outlook in the current economy. You have to ignore the goodwill write off though.

[insipiens] 12/10/2010 09:35

trading update:

"Dewhurst PLC, an independent supplier of quality components to the lift, keypad
and rail industries, is pleased to announce the following pre-close trading
update for the year ended 30 September 2010. Profit before taxation for the
period is expected to be significantly ahead of market expectations. This is
primarily due to better than expected sales in Europe and Asia as well as
benefiting from positive exchange rate movements of our overseas operations.

Dewhurst's preliminary results for the year ended 30 September 2010 are expected
to be announced in early December 2010.

Richard Dewhurst, Chairman, commented "The international spread of our business
has given us resilience this year and allowed the Group to perform better than
expected despite the poor economic conditions in the UK."

[insipiens] 06/8/2010 10:38

lol - director holds 1000 shares - bsd...

[18bt] 09/6/2010 08:28

Interims out: should lead to slight increase in full year forecasts. This company tells it like it is and is well placed to prosper in a difficult UK environment. Cash generation still good. Cash balances now stand at £8.8m vs a mcap of £18.8m. PE of around 6 or 7 is good value IMHO.

[insipiens] 12/5/2010 20:00

you said that last year....

low liquidity 40+k of purchase makes a big move.....not worth writing home about it...

[bench2] 12/5/2010 14:27

Big move on vol ........ no news , will it be tipped in press ?

[18bt] 06/1/2010 10:49

No comment on these shares since the finals, which I must admit, I missed and just coaught up on. OTW very encouraging results, quite a bit better than I felt they were forecasting at the interims. The share price has responded since and I am delighted to hold shares in a niche engineering group which is a genuine worlkd leader in its small sphere. It is alos very pleasing that the family continue to be heavily involved and have stukc to their knitting. With £7.5m of cash sitting on the balance sheet, this could be a good time for more small acquisitions. The dilemma for small companies with cash is whether to continue share buybacks and reduce the liquidity still further, but this is a very nice problem to have. Keep up the good work guys!

[bench2] 13/8/2009 09:08

You have got your wish . Suspicious move in the A shares . My guess is someone will tip them in the weekend press.

[cascudi] 21/4/2009 21:43

Finaly someone realize that this is an undervalued company

[18bt] 13/3/2009 07:06

It's just too small and shares are too illiquid, but it is very well run and keeps churning out profits and reasonable dividend growth.

[cascudi] 12/3/2009 17:05

18bt: what do you thin about this company. and why it seems there is not interesting from investor. may be 3% dividend is not much?

[18bt] 10/3/2009 07:18

The results were issued in December; they've only just put the accounts on the web-site though.

[cascudi] 09/3/2009 20:58

I think today results is very good.
but not buyer today?
any cooments?

[patviera] 13/1/2009 21:59

buyer at 190 in dwht!! a steal this share...rising divis for years..market completely ignoring the cash

[18bt] 10/1/2009 07:26

Yes, it's incredibly cheap: I keep this one for the very long term as they keep churning out decent results year in year out.

[patviera] 09/1/2009 21:34

pe of 4? 6 millcash 5 mill prop sounds like pe of 1!!!

[insipiens] 03/12/2008 00:28

yes, still hold.

Unusually positive tone in the statement, a departure from previously sombre tone.

[westcountryboy] 02/12/2008 08:34

Yes, very happy to hold. I don't expect any positive price action though! They have actually held up very well this year, and even so are ludicrously cheap.