Share Name Share Symbol Market Type Share ISIN Share Description
Dwf Group Plc LSE:DWF London Ordinary Share GB00BJMD6M39 ORD 1P
  Price Change % Change Share Price Shares Traded Last Trade
  -0.80 -0.84% 95.00 74,408 16:29:45
Bid Price Offer Price High Price Low Price Open Price
95.20 97.60 95.40 95.00 95.40
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Support Services 400.95 -30.60 -11.90 308
Last Trade Time Trade Type Trade Size Trade Price Currency
17:45:33 O 246 95.00 GBX

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Dwf Daily Update: Dwf Group Plc is listed in the Support Services sector of the London Stock Exchange with ticker DWF. The last closing price for Dwf was 95.80p.
Dwf Group Plc has a 4 week average price of 95p and a 12 week average price of 95p.
The 1 year high share price is 130p while the 1 year low share price is currently 95p.
There are currently 324,554,653 shares in issue and the average daily traded volume is 566,449 shares. The market capitalisation of Dwf Group Plc is £308,326,920.35.
typo56: KGH are down a massive 51% today on warning of "the impact of Omicron and recent macro conditions". This appears to have read across to KEYS but not DWF today. Why's that? DWF better value?
tole: DWF shares are too cheap, says Shore CapitalLegal services business DWF (DWF) still trades at too much of a discount to peers, says Shore Capital.Analyst Rachel May retained her 'buy' recommendation on the stock after it announced joint ventures with law firms in Spain and Portugal as it grows its operations. The shares closed 0.4% higher at 115p on Monday.'Having performed well post the half-year results, the shares have given back some of the strong performance,' she said.'The rising geopolitical tensions and slowdown in capital markets may have impacted investor sentiment towards DWF. Still, given the diverse nature of DWF's operations, both in terms of its geographic exposure and service lines, we remain optimistic on the outlook for the group.'May said despite the 'operational progress made under the new management team' the shares still trade on a full year 2022 price/earnings ratio of just 11.4x, which is a 24% discount to peers, with a 'sector-leading dividend yield of 6.1%'
tole: Group – making real progressBy Mark Watson-Mitchell 20 December 2021 3 mins. to readDWF Group – making real progressToday I return to one of my previous profiled stocks.It is ambitious, it is growing and is very well managed.Furthermore, compared to its peers, its shares are undervalued.The businessThe DWF Group (LON:DWF) is a leading global provider of integrated legal and business services.It has an Integrated Legal Management approach that seeks to deliver greater efficiency, price certainty and transparency for its clients, without compromising on quality and service.The group provides integrated legal and business services on a global scale through its three offerings – Legal Advisory, Mindcrest and Connected Services – across its eight key sectors.Its aim is to seamlessly combine any number of its services to deliver bespoke solutions for its diverse clients.The group employs some 4,000 people across its thirty locations globally.It has five strategic associations – in Turkey, Singapore, Saudi Arabia, South Africa and in the US.Its services cover eight sectors – consumer, energy and natural resources, financial services, government and public sector, technology, media and communications, and finally, transport.The three offeringsThe Legal Advisory Services division provides premium legal advice and commercial intelligence services.Its services include banking, finance and restructuring, commercial, regulatory and data, corporate, dispute resolution, employment and pensions, insurance real estate and tax and private capital.The Mindcrest Outsourced and process-led legal services division is designed to standardise, systemise, scale and optimise legal workflows.Its services include compliance, contracts management, legal analytics litigation and investigations.The Connected Services division is engaged in providing products and business services that enhance and complement its legal offerings.Its services include claims management and adjusting, corporate governance and compliance, costs, forensic, learning, regulatory consulting and risk.A massive global marketplaceThis £362m capitalised group has determined ambitions to grow considerably and become the leader in its services.It is a very big marketplace in which it trades, worth $750bn globally and growing at the annual rate of 5%, while the alternative legal services market is growing three times faster.The equity splitThere are 325.35m shares in issue.Larger holders include The DWF Group EBT (9.18%), Miton Asset Management (6.11%), Cartesian Capital Group (5.48%), Standard Life Investments (4.77%), Sand Grove Capital Management (2.97%), Andrew Leaitherland (2.41%), Premier Fund Managers (1.56%) and GAM International Management (0.86%).Latest resultsOn Thursday 9 December, the group announced its interim results for the six months to end October. It reported a 3.8% increase in revenues to £203.5m, while adjusted pre-tax profits were an impressive 39.6% better at £18.7m.Splitting the revenue down saw a 2% growth in legal advisory, a 14% growth in Connected Services and growth of 8% in Mindcrest.The gross margin was 1.7% improved at 51.3%, with each of those divisions showing revenue, profit and margin betterment.The current period trading is indicating further demand and strength.It is now apparent that the group's client proposition of providing integrated legal and business services is gaining traction and leading to a strong pipeline of instructions.Broker's ViewAnalysts Mike Allen and Rachel Birkett at the group's brokers Zeus Capital suggest that the operational transformation of this group is now showing meaningful progress against its targets.For the year to end April 2022 they estimate revenues growing from £338.1m to £364m, while adjusted pre-tax profits could increase from £34.2m to £41.1m, worth 9.9p (7.4p) in earnings per share, covering a rise in dividend from 4.5p to 5.9p per share.The analysts see £388.8m in 2023 revenues, then £410m in 2024. In those years they forecast profits of £46.6m then £51.7m, earnings of 11.2p then 11.9p and dividend of 7.8p then 8.4p respectively.Noting that DWF is trading on a big discount to the average 18.7 times 2022 earnings of its peers, Zeus considers that there is a 50% medium-term upside for its shares.My ViewI really like the way that this group is shaping up, it has lofty ambitions and the in-built ability to achieve its aims in due course.Its high-yielding shares, now 111p, have been an excellent performer since my profile at the start of June last year.That they have risen nearly 66% since then does not put me off from setting a new Target Price of 140p for 2022.
tole: DWF due a significant re-rating, says LiberumThe transformation is almost complete at legal services business DWF (DWF) and a 'significant' re-rating is coming, says Liberum.Analyst James Allen retained his 'buy' recommendation and target price of 135p on the stock, which closed down 1.8%, or 2p, at 115p on Friday.He said the company's last accounting year was one of 'transformation' for the group, which implemented 'cost-saving initiatives of £15m', closed offices and reduced its staff headcount.'Benefits were felt immediately and management has met or exceeded market expectations for two consecutive results, with he underlying profit before tax margin doubling, earnings per share increasing 145%, and evidence of strong cash generation at the full year 2021 results,' said Allen.The key bear points around Allen's investment thesis have been addressed and conservative guidance means 'DWF is well placed for a significant re-rating in full year 2022'.
tole: Group (LON:DWF) – strong demand for the shares presages a big riseOn Wednesday of last week, a number of the partners of this legal and business services group placed 13.34m shares (roughly 4.1% of the firm's equity) at 102p each. It was a significantly oversubscribed transaction with both new and existing investors clamouring to get the stock.And who can blame them?The group, which floated in March 2019, has offices and associations across the globe.It recorded £338.1m of revenues and declared an adjusted pre-tax profit of £34.2m during the year to end April. This was worth 7.4p per share in earnings and covered a 4.5p dividend.For this current year, analysts Mike Allen and Rachel Birkett at its brokers Zeus Capital estimate £364m revenues, £41.1m profits, 9.9p earnings and a 5.9p dividend which making that 102p price look very attractive.That is obviously why the shares have improved subsequently and now sit at 112p.Do I see them going even higher? Oh yes indeed. I think they will be heading up to 150p and beyond in due course.DWF is undervalued relative to its sector and offering good strong upside potential.
tole: Group (LON:DWF) – strongest organic growth rate in the sectorAnalysts Mike Allen and Rachel Birkett, at brokers Zeus Capital, were impressed by the global legal services group's management of streamlining its divisions and controlling costs.They strongly endorse the strategic progress made to date, which leaves the group well placed to deliver profitable and cash generative growth.Meanwhile, over at Liberum Capital, their analyst James Allen switched his view on the group's shares from 'hold' to 'buy' and at the same time increased his price objective to 135p from 105p previously.They closed the week at 106p and are obviously capable of making another attempt on their 2020 peak of 142.5p in due course.
tole: Liberum upgrades DWFLiberum has upgraded legal group DWF (DWF) after management addressed the broker's 'bear points'.Analyst James Allen upgraded his recommendation from 'hold' to 'buy' and increased his target price from 105p to 135p on the stock, which closed up 2.4%, or 2.5p, at 108p on Thursday.Full year results came in in-line with expectations, with the profit before tax margin more than doubling, but from a low base. This led Allen to upgrade his 'conservative' 2022 and 2023 estimates.'The market appears to be optimistic about general insurance business volumes, which is positive for DWF due to its large exposure to insurance,' he said.'Management has now addressed the majority of our bear points since we initiated, which gives us faith in the equity story going forward.'
asagi: very encouraging FY results I thought: it was a bargain all those weeks bouncing around at 80p. Asagi (long DWF)
asagi: trading statement is out and here: hTTps:// taken well by the market. Asagi (long DWF)
Dwf share price data is direct from the London Stock Exchange
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