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| Share Name | Share Symbol | Market | Stock Type |
|---|---|---|---|
| Dowlais Group Plc | DWL | London | Ordinary Share |
| Price Change | Price Change % | Share Price | Last Trade
|
|
|---|---|---|---|---|
| 0.45 | 0.85% | 53.65 | 15:52:37 |
| Open Price | Low Price | High Price | Close Price | Previous Close |
|---|---|---|---|---|
| 53.20 | 52.95 | 54.40 | 53.20 |
| Industry Sector |
|---|
| ELECTRONIC & ELECTRICAL EQUIPMENT |
| Announcement Date | Type | Currency | Dividend Amount | Ex Date | Record Date | Payment Date |
|---|---|---|---|---|---|---|
| 13/08/2024 | Interim | GBP | 0.014 | 29/08/2024 | 30/08/2024 | 04/10/2024 |
| 21/03/2024 | Final | GBP | 0.028 | 18/04/2024 | 19/04/2024 | 30/05/2024 |
| 12/09/2023 | Interim | GBP | 0.014 | 21/09/2023 | 22/09/2023 | 27/10/2023 |
| Top Posts |
|---|
Posted at 13/11/2024 19:40 by t1bbst3r Don't think pension defecit should matter much, should deflate over time? Good to see declining earnings seemingly levelling off, although with high capex cost reductions included in the forecast (although it looked this way in h2). I don't quite understand these 'options' for powdermet. It basically pays the bank interest, so a plain delisting would be burdensome to the main business and a 'J.V' for magnet manufacture & lithium powder would add more debt, which currently costs 5p in earnings for interest alone. I would try to expand it through targeting competitor profit margins & make them buy me out, assuming it doesn't run at full capacity. Or, just spend the next 10 years deleveraging, but the managers would be mid-70's by then so I don't think this is their focus, nor would be taking on, was it 400M£ more debt for a powdermet expansion with no J.V?. No reason to add here for me, if market gets spooked to the 37-43p range, I will reconsider assuming that a mandated 7% dividend will be paid...... |
Posted at 13/11/2024 19:30 by pj84 Edison have Dowlais on a similar fwd PE for 25 of 4 and a prospective dividend yield of 8.8% |
Posted at 13/11/2024 19:17 by pj84 HL have Dowlais on a fwd PE of 3.8 with a prospective dividend yield of 8.8% and their view following the latest results is: -"Dowlais’ revenue and profits continue to fall due to weaker demand for electric vehicles. But the rates of Dowlais’ declines held up better than the broader sector, and markets reacted positively to that news on the day. Its largest division, GKN Automotive, remains the driving force behind the group's performance. It produces drivetrain components, which are a group of parts that connect a car's engine to the wheels and other parts of the car. The group's got market-leading positions on many of these components. It serves around 90% of global car manufacturers, with the group's parts finding their way onto around half of these manufacturers’ cars. And because of the wide variety of car manufacturers this division works with, revenues are spread across multiple geographies. This helps to diversify some risk if certain markets slow down for any reason. With the switch to electric vehicles (EVs) looking inevitable, we think Dowlais could be a major long-term beneficiary of the transition due to its market-leading positions in the EV space. 2023’s automotive orders climbed to record levels worth more than £6bn over the contract lifetimes, with a mammoth 74% of this being EV-related. However, that pace has slowed so far in 2024. With so much economic uncertainty hanging over the market, not every consumer is confident enough to sign the dotted line for a new car right now. That means the timing of an upturn looks far from certain, and sentiment is likely to remain weak for the immediate future. The Powder Metallurgy business accounts for around a fifth of group revenue. It specialises in turning powdered metals into high-precision components. However, it’s potentially up for sale. Its revenue continues to hold up better than the automotive division. So management needs to ensure that any price negotiated compensates shareholders for the negative impact a disposal is likely to have on group financial performance. Elsewhere, the group has made some impressive efficiency gains, but the dip in demand is putting cash flow under pressure. The dividend has been held for now but, with cash allocation priorities under review, there are some question marks around the viability of the 8.8% forward dividend yield. Ultimately, Dowlais has a strong market position and, in the long-run, we see the electric transition as a big tailwind for the group. However, such a big change was always likely to hit a speed bump. The current challenges are reflected by a valuation towards the bottom of the peer group. With ongoing volatility amongst the customer base there could be more ups and downs ahead." It may take time but I am still of the view that the value will eventually be realised. |
Posted at 01/11/2024 14:13 by diku FTSE up DWL down...normal service...FTSE down DWL more down... |
Posted at 01/11/2024 07:30 by pj84 "Value at Dowlais, says Peel HuntShares in Dowlais (DWL) have been under pressure since its demerger from Melrose (MRO) but there is still value to be realised, says Peel Hunt. Analyst Harry Philips retained his ‘buy’ recommendation but reduced the target price from 120p to 100p on the Citywire Elite Companies + rated automotive engineer, which fell 2% to 49p yesterday, extending losses to 54% in 2024 to date. ‘The merger feels like a distant event and the share price has been under constant pressure since, as global light vehicle production assumptions have softened,’ Philips said. Although Dowlais cannot control auto demand and the ‘backdrop remains tough post the demerger in May 2023’, Phillips remains optimistic about the company’s prospects. ‘We believe that there is significant value to be realised from the shares, but investor confidence remains low,’ he said, adding that the ‘balance sheet remains a major topic of debate among investors’. ‘If profit estimates are met, we expect the debate will ease rapidly, but it will remain front and centre in the short term,’ he said." The market reaction to the budget hasn't helped sentiment generally in terms of undervalued UK shares and I hope we don't have to wait too long for signs that Dowlais has strted to turn the corner. |
Posted at 21/10/2024 14:55 by pj84 This is a very long and detailed note by Edison and this is a short summary re the value"Valuation: Deep discount on all metrics On lower forecasts our peer-derived valuation comes to 83p a share from 102p or 121p (from 136p) using a higher-margin peer group more in line with management’s strategy. Our discounted cash flow (DCF) valuation comes to 109p. We also note the valuation potential post any disposal of Powder Metallurgy. Assuming net cash receipt of £700m from Powder Met (current NAV: £860m), the shares would trade on a pro-forma FY25 EV/EBITDA of 1.9x." Edison forecast est PE for 24 of 5 dropping to 4.6 for 25 with a current and forecast dividend yield of of 7.6% |
Posted at 30/8/2024 07:06 by blackhorse23 Ex dividend date over , there will be loads of sellers at this point |
Posted at 27/8/2024 08:33 by ted1066 In the Mail on line yesterday, the Lowland Investment Co. was mentioned, who have recently invested in two companies, one being DWL. |
Posted at 13/8/2024 09:54 by louis brandeis For those income seekers who haven't got the privilege of SharePad, or whatever, here are the forward 'consensus' dividend yields over the next 3 periods:6.9%, 8.2% and 10% |
Posted at 12/8/2024 13:13 by davius They already stated that they were expecting a deterioration in relation to 2023, hence why the shares have more than halved. Tomorrow isn't about whether the results are bad as they already told us they will be, it's about whether there's a sign of a turn around.I hope everyone was well into BT today. DWL will have to fall at least 10p to negate that gain, and at 51p I'd definitely be a buyer for long term. Not convinced I'll get it though. Still nothing on the DWL web site about the recent business sale, that I can see. It will be in tomorrow's results. |
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