Roundtable Discussion; The Future of Mineral Sands. Watch the video here.
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Berenberg cutting their target price to £65.20. This reduced target is still more than 50% higher than the current share price. Something is way out of sync here but that's been the story for years.
Sounds like the OG cash cow is chugging along as expected. Would have liked some detail on the other business units but maybe the AGM will add some colour
Q1 interim statement is due on Thursday, will be interesting to see how the healthcare and tech side have performed to date this year. I'm guessing there will be no surprises in the core OG business.
Barclays and Morgan Stanley both dropping their DCC targets today
I don't own shares in this company however I am very aware of what they do.
" Free Advice" Both Davy and Goodbody both gave the results a positive report.
The shares look to be undervalued. GLTA
Can anyone explain the negative reaction of the market to the results which, on the face of it, look quite positive?
Down 9% today - this company really needs an activist investor to get in there and drive some re-structuring. There is a lot of potential value that could be extracted here.
Suitors will be looking with the price below £48!
Cantor Fitzgerald lowered their price target to £65. Most brokers price targets for DCC over the last few years have been disconnected from the general market de-rating. Seems they are now starting to adjust to match the realities.
This stock has been a value trap for the past six years - hard to see this changing anytime soon unless a major activist investor gets involved.
RBC rolling back their price target to £58. That's quite a significant change from their previous £75 target. I'm guessing that since the share price has stagnated over the past number of years they are re-rating the stock with a target price that reflects the general market view. Their logic/rationale for the 20% downgrade was fairly vague.
Good results and good outlook - followed by a share selloff . This stock has really been de-rated over the last few years.
DCC is an Irish based company listed on the LSE and dividend payments are subject to Irish with holding tax of 25% to non Irish residents. This applies to shares held in an ISA. A dividend payment on 200 shares in December 2021 would have been worth £111.70p minus £27.92p tax. It may be possible to reclaim this tax from the Irish tax man but? I think my information is correct and hope it may be useful.
This stock is hard to understand. The share price is lower now than it was in 2016, and the results and broker recommendations seem to imply that it's up to 40% undervalued. So why would an investor believe that this valuation gap will change in the future? Large institutions and pension funds just don't buy into oil and gas stories anymore. Maybe it's time to take the LPG/Oil business private and rebrand/refloat the remainder? That would certainly unlock the value for existing shareholders.
Well according to Chris Bailey who made this his tip of the year it should be nearer to £80. Yes it's a boring share not denying that but sometimes boring is good. I'm in another boring share Dunedin Income & Growth, similar but pays just over 4% div. Might consider here if it rises to £65.
I'm here if anyone's around?
The problem is that this share hasn't had a great performance in the last 5 years. I believe the share price is undervalued though....I am buying more.
Just tipped by Credit Suisse as "outperform" as well. I am HODLING......
Industry leader in fuel cards so I invested and it is steady with a slow rise. Good share to hold for a couple of years or so
Can't believe how little is posted on this board. I've done my own research and this seems to be a good company with decent potential and undervalued. Anyone else got any views out there/
Reinvesting profits DCC has a strong track record of reinvesting profits back into operations to reinforce its positions in existing markets or to buy smaller peers. This approach has helped the company grow earnings at an annual rate of 13% since 2015.
It is not still a strong buy but worth invest in it
Silly drop
These are last years results. Tommy Breen is no longer Chief Executive.
DCC falls 4.9% to £70.05. There is nothing fundamentally wrong with its full year results which include 23.7% rise in pre-tax profit to £268.2m. Instead, it seems the shares have also succumbed to a bout of profit taking as well as one analyst downgrading earnings forecasts to factor in investments in France and new foreign exchange assumptions.