Dowlais Share Discussion Threads

[queenbreguet] 10/4/2024 08:53

RBC Capital Mkts 22 March rec - outperform with new target price of 150

[melody9999] 10/4/2024 08:22

BBMC - yes but the sells reported could well indicate they have worked the whole order. Meaning the selling pressure has gone.

[bigbigdave] 10/4/2024 08:17

Big old Volume again

[bbmc] 09/4/2024 15:21

Ff the big seller still clearing that would be depressing the price further. Gut says something else. Lets see.

[rolo7] 09/4/2024 15:04

Big seller to clear check latest holding rns

[bbmc] 09/4/2024 14:31

Serious volumes? Whattzupp? Barclays recommended a buy or something having been appointed house broker? A months worth of volume in a single day?

[bbmc] 06/4/2024 11:28

Latest on re-opening Baltimore Port fully.

BALTIMORE --
As the U.S. Army Corps of Engineers (USACE), Baltimore District continues working with local, state and federal partners to clear the wreckage along the Fort McHenry Channel following the collapse of the Francis Scott Key Bridge, engineers have determined a tentative timeline for the restoration for safe navigation in and out of the Port of Baltimore.

After detailed studies and engineering assessments by local, state and federal organizations, in collaboration with industry partners, USACE expects to open a limited access channel 280 feet wide and 35 feet deep, to the Port of Baltimore within the next four weeks – by the end of April. This channel would support one-way traffic in and out of the Port of Baltimore for barge container service and some roll on/roll off vessels that move automobiles and farm equipment to and from the port.

USACE engineers are aiming to reopen the permanent, 700-foot-wide by 50-foot-deep federal navigation channel by the end of May, restoring port access to normal capacity.

“Thanks to the exhaustive work of the Unified Command during the last two weeks, including underwater surveys and detailed structural analysis of the wreckage, we’ve developed a better understanding of the immense and complex work that lies ahead,” said Lt. Gen. Scott A. Spellmon, USACE commanding general. “A fully opened federal channel remains our primary goal, and we will carry out this work with care and precision, with safety as our chief priority.”

“These are ambitious timelines that may still be impacted by significant adverse weather conditions or changes in the complexity of the wreckage,” Spellmon added. “We are working quickly and safely to clear the channel and restore full service at this port that is so vital to the nation. At the same time, we continue to keep faith with the families of the missing and are working with our partners to help locate and recover their loved ones.”

hxxps://www.nab.usace.army.mil/Media/News-Releases/Article/3731790/us-army-corps-of-engineers-develops-tentative-timeline-to-reopen-fort-mchenry-c/

[qs99] 04/4/2024 10:40

Have bought a load more, share buybacks IMO will see this trend back towards a £1 & have positioned accordingly. Think market sell off was overdone....DYOR

[bbmc] 29/3/2024 14:16

Well worth a read about logistic impacts of the Balti Bridge, short extract below and link to full article.


"In the meantime, multiple seaports up and down the East Coast have said that they stand ready to absorb the extra cargo volume from Baltimore. The additional cargo per port is not expected to rival the peak surge levels seen during the late-pandemic import boom. The Port of Virginia, which is just 125 nautical miles to the south of Baltimore, has been investing heavily in expansion and is expected to pick up a substantial share of the slack.

“I don’t think we’ll have a large impact in terms of logistics and shipping moving forward. There might be snafus over the next couple days while issues are being worked through, but I think they’ll be able to overcome that pretty quickly,” said Brent Howard, president of the Baltimore County Chamber of Commerce, speaking to The Hill.

[bbmc] 28/3/2024 13:59

hxxps://www.msn.com/en-gb/money/other/uk-car-production-increases-again/ar-BB1kEC2T?ocid=msedgntp&pc=HCTS&cvid=b64f283078824dd6a751da19fb3421c3&ei=66

Output for the domestic market grew by 58%, while three out of four cars made in February were shipped overseas.

The industry is transitioning from internal combustion engine cars to electrified vehicles, building on the massive investment commitments made last year

Mike Hawes, SMMT
The European Union received the largest proportion of exports (59.9%), followed by the US (14.8%), China (7.1%), Australia (3.3%) and Turkey (2.3%).
Production of electrified vehicles (battery electric, plug-in hybrid and hybrid) represented more than a third of all output in the month.

SMMT chief executive Mike Hawes said: “Another month of growth for UK car production is welcome news, reflecting strong demand at home and around the world for the latest British-built cars.

“The industry is transitioning from internal combustion engine cars to electrified vehicles, building on the massive investment commitments made last year.

[bbmc] 27/3/2024 10:47

Well hopefully this will get aided by share by back starting next week and then onto ex divi day shortly afterwards in mid April.

[gargoyle2] 25/3/2024 15:37

Capital Group still reducing the large holding that it was landed with through the demerger, probably a drag on the price still imo.

[bbmc] 25/3/2024 15:27

A nice divi, impending share buyback and large director buys and the potential disposal of an underperforming asset....and the S/P continues to drop....what am I missing?

[davius] 25/3/2024 14:03

An impairment is a write down of goodwill. It's often viewed as beneficial as it reduces inflated non-tangible valuations of companies.

It makes no impact on overall performance, yield, profits or anything tangible. A possible concern is that in writing down goodwill it might be perceived as worth less in the event of a takeover, for example.

I only took a small holding initially but am buying now.

[petewy] 25/3/2024 09:39

Which means sell?

[danmart2] 25/3/2024 00:13

Impairments are dreadful for investors

[petewy] 24/3/2024 12:42

From IC last week...DWL has reported a £449mn impairment charge relating to its powder metallurgy division, following a review of its medium-term prospects.
Is this a major worry? Views?

[rettah] 22/3/2024 16:55

Yes, they are large buys. The directors were also happy to buy at much higher prices previously. Similar to the old Melrose pre split when the share price dropped to around 160p and they loaded up.

[bostonborn] 22/3/2024 16:50

Huge buys by 2 Directors!! They are confident we have reached a low share price; but how long before its gets above 100p, I wonder?

[qs99] 21/3/2024 14:00

Get the share buybacks going, should see a recovery in share price IMO, fall looks way overdone....DYOR

[davius] 21/3/2024 13:27

In the FTSE 250, Dowlais lost 5.2%.

The automotive engineering spin-off of Melrose Industries, which listed in London back in April, said pretax loss widened in 2023 to GBP522 million from GBP63 million the year before. This resulted from a goodwill impairment of GBP449 million in 2023 compared to no such cost in 2022.

Revenue, however, rose by 5.7% to GBP4.86 billion from GBP4.60 billion a year prior, due to volume growth in its Automotive division, as well as inflation recoveries across the firm.

Looking ahead, Dowlais said it expects its 2024 revenue to be similar to that of 2023, noting expected industry-wide declines in global light vehicle production. It also said it expects its operating profit to be "modestly second half weighted".

[louis brandeis] 21/3/2024 11:53

Costing the company £108.5m....

[louis brandeis] 21/3/2024 11:50

Annual dividend and proposed buyback at the current share price offers an annual 9.16% return.

[queenbreguet] 21/3/2024 10:17

Will it go blue today ??