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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
|
|
|---|---|---|---|---|
| -0.80 | -1.19% | 66.65 | 16:35:06 |
| Open Price | Low Price | High Price | Close Price | Previous Close |
|---|---|---|---|---|
| 66.85 | 66.25 | 67.60 | 66.65 | 67.45 |
| Industry Sector |
|---|
| ELECTRONIC & ELECTRICAL EQUIPMENT |
| Top Posts |
|---|
Posted at 25/11/2024 15:39 by willo It's funny how 'Special' Investor has disappeared all of a sudden... |
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 27/8/2024 07:49 by pj84 Conclusion from the above article: -"However, ongoing efficiency programmes will offer some support to earnings and cash flow and the company is now looking to sell its loss-making hydrogen operations and spin off or sell its Powder Metallurgy unit too. Cash gleaned here could reduce borrowing or the pension deficit, at what remains a high-quality, market-leading engineering business upon which investors simply seem to be giving up and one whose shares could look very cheap indeed if its medium-term target of a 10pc operating margin can be reached. Questor says: Buy" |
Posted at 14/8/2024 07:40 by essentialinvestor Some of the value investors may see an attraction, though arguably speculative.I hold MRO and very grateful DWL was disposed. |
Posted at 14/8/2024 07:39 by pj84 From the above article: -"When Dowlais was spun out of Melrose, a sale of powder metallurgy was still on the agenda. However, a review of the business culminated in a £449 million accounting writedown in the value of the business to £884 million because of the “overly ambitious growth projections” of previous management. That £884 million book value of powder metallurgy is larger on its own than the market value of Dowlais, which stands at about £814 million. That suggests investors believe the rest of Dowlais is worth less than nothing, or that the accounting valuation of powder metallurgy remains too high." If they can achieve a sale for near or above the £884m of book value, it would be a catalyst to the rest of the business rerating. |
Posted at 08/8/2024 08:08 by scepticalinvestor I think investors agree, hence the continuous sell off |
Posted at 07/8/2024 09:47 by sellhighandbuylow The thing is SKEPPY INVESTOR does NOT know how to short-sell anything and he certainly can't put up any collateral or margin.SKEPPY lost all his money on Boohoo shares. |
Posted at 02/8/2024 10:49 by louis brandeis Sorry, I completely disagree with your analysis. If the business has been deemed important enough to warrant its own inclusion in segmental reporting it has been done for a reason and it would be the same reason why this event should be put out on RNS.If you are a green/EV investment fund buying into nascent technology it is most likely that such investments within the fund will be built up overtime. Projected growth in hydrogen could have significant affect on your price expectations and hence your willingness, or not, to build up a holding at today's prices. If indeed have the holding at all! If I was to be frank with you I think investors like you are part of the problem. In fact I would stretch that out to most of society. The acceptance of mediocrity, or complete apathy, allows those delivering a service to get away with continual sub-par performance. They get lazy because nobody is holding them to account. Anyway, I've contacted their investor relations and I wait to hear what they say. If they actually get back to me. |
Posted at 23/7/2024 12:20 by louis brandeis "Poor shareholders, melrose obvs held on to all of the decent assets and dumped the debt and rubbish on DWL"And that still wasn't enough for them to get their windfall. They had to adjust their LTIP many times, reset it, reconfigure it, delay it, and then encourage the board to deliver a planned beat-and-raise set of earnings releases. Quite straight forward when you are coming out of a pandemic, eh? Even after all that they had to start factoring to make the cash flow figures positive. Oh, and they also had to conflate their LTIP with the Dowlais spin-off to get it past investors. Dear me. |
Posted at 05/7/2024 12:32 by davius It's been an interesting few days holding Dowlais.After the update on Monday, JPMorgan cuts Dowlais price target to 90 (100) pence - 'neutral' JPMorgan places Dowlais on 'negative catalyst watch' the share price took a caning, on that negative catalyst watch view, despite their target being some 25% higher than the share price at the time. Recovery has at least been swift. Investors in multiple sectors seem to like the big Labour win. Looking at their manifesto there's little to worry them, at least in the short term. |
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