Dowlais Share Discussion Threads

[davius] 21/3/2024 10:17

I received shares in the split with Melrose last year, and sold early on, made a good return on the outcome at the time.

I'm back in today at 87p.

Dowlais is yet another company announcing a buy back. Have seen excellent share price progress recently on some of my other holdings with a similar approach, including Lloyds and ITV.

Here's hoping for the same with Dowlais.

[louis brandeis] 21/3/2024 10:04

It isn't a "paper provision" it is a goodwill impairment. Completely different thing.

Best part of half a billion impairment only 12 months after the split with GKN aerospace stinks a little.

These little 'gotchas' investors are getting rather tired of.

[ali47fish] 21/3/2024 09:47

fall because there were caveats hightlighted in the rns- negative message to the market

[rettah] 21/3/2024 09:32

P/E of about 6!

[queenbreguet] 21/3/2024 09:27

Drop way over done IMO.

[ali47fish] 21/3/2024 08:13

smal move up i'll wait to see if the rise is sustainable

[rettah] 21/3/2024 07:47

In terms of the adjusted, they made a paper provision against powder metallurgy.

[stuarti10] 21/3/2024 07:37

Happy with these. If they can maintain higher margins in H2 for next FY. Higher free cash flow will come. Lower net debt and increase div. Share price will rise significantly. All very achievable.

[ali47fish] 21/3/2024 07:36

why everything is adjusted- is it tradin ahead/ caveat in ceo statement- or am i wrong

[rettah] 21/3/2024 07:30

Agreed. They seem fairly confident in improving the margin as well.

[qs99] 21/3/2024 07:28

decent results IMO....EPS, divi, debt reduction, margin, signals for future....DYOR but odd this is under a quid no?

[philanderer] 11/3/2024 11:10

RBC cuts Dowlais price target to 150 (170) pence - 'outperform'

[stuarti10] 02/3/2024 09:40

Either way seems cheap I think Mar results will be better than expected. GLA

[stuarti10] 02/3/2024 09:39

Don't see that as a negative short term. OEM's will move mix to ICE. Still DWL driveshafts. Longer term if EV doesn't pick up then future contract might not materialise at desired levels. Should point out no such thing as an electric engine haha

[danmart2] 01/3/2024 23:45

Electric engine demand is down, it’s not ideal for dowlais

[stuarti10] 01/3/2024 15:49

Yes I saw that. But the volume data wasn't exactly weak. Growth in all regions. That is the key part for suppliers. Pricing competition with OEM's is what is impacting their profits.

[bbmc] 01/3/2024 14:44

Might be being affected by VW news on future earnings??

[stuarti10] 01/3/2024 13:23

Bit up and down at the minute isn't it

[ted1066] 18/2/2024 21:37

TRowePrice Int. purchased 5.32% on 13/02/24

[rettah] 16/2/2024 11:50

Thanks. Even at that price it seems to be ridiculously cheap, subject to what the results say. First full year results on 21st March.

[philanderer] 16/2/2024 10:51

Barclays starts Dowlais with 'overweight' - price target 110 pence

[sharetips] 13/2/2024 19:42

Cheap at under 90p

[blueball] 07/2/2024 10:07

Has this been tipped.

[tenapen] 28/1/2024 14:01

Average price target £1.43


I don't hold dwl

[petewy] 28/1/2024 13:23

Yes Edison quote
Dowlais Group’s shares trade at a significant discount to our fair value. We have lowered our forecasts due to reduced expectations for automotive production and currency impact, but the key to unlocking value remains the group’s margin trajectory. We expect management to confirm that these targets (pre-central cost operating margin over 10% against 7.1% forecast for FY23) remain on track with the impending maiden set of results.