Roundtable Discussion; The Future of Mineral Sands. Watch the video here.
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http://shares.telegraph.co.uk/news/article.php?id=5549628&epic=DCC
RESULTS FOR THE YEAR ENDED 31 MARCH 2017 Tue 16 May 2017 07:00 RNS Number : 1983F DCC PLC 16 May 2017 16 May 2017 DCC Reports a Year of Strong Growth and Development DCC, the leading international sales, marketing and business support services group, today announced its results for the year ended 31 March 2017. Highlights 2017 2016 % change DCC Energy volumes (litres) 14.649bn 13.021bn +12.5% Revenue - continuing1 (excl. DCC Energy) £3.196bn £2.932bn +9.0% Operating profit2 - continuing1 £345.0m £285.3m +20.9% Total operating profit2 £363.6m £300.5m +21.0% Adjusted earnings per share2 - continuing1 286.6p 242.8p +18.1% Total adjusted earnings per share2 303.7p 257.1p +18.1% Dividend per share 111.80p 97.22p +15.0% Free cash flow 3 £415.5m £291.1m +42.7% Return on capital employed - continuing1 20.3% 21.9% · All divisions of DCC recorded strong profit growth, with Group operating profit on a continuing basis increasing by 20.9% (12.8% on a constant currency basis) to £345.0 million. · Adjusted earnings per share on a continuing basis up 18.1% (10.3% on a constant currency basis) to 286.6 pence. · Proposed 16.3% increase in the final dividend, which, together with the interim dividend increase of 12.5%, will see the total dividend for the year increase by 15.0%, the 23rd consecutive year of dividend growth since DCC listed in 1994. · Excellent cash flow performance, with free cash flow conversion of 114% and a return on total capital employed of 20.3%. · Very active period of corporate development, with over £550 million committed to acquisitions, including the agreed acquisition of Esso's retail network in Norway, the agreed acquisition of Shell's LPG business in Hong Kong & Macau, DCC's first material step beyond Europe, and further acquisition activity across DCC Energy, DCC Healthcare and DCC Technology. · The agreed disposal of DCC's environmental division for an enterprise value of £219 million brings increased strategic focus to the Group. · The Group expects that the year ending 31 March 2018 will be another year of profit growth and development. 1 Excluding DCC Environmental, the agreed disposal of which was announced on 5 April 2017 2 Excluding net exceptionals and amortisation of intangible assets 3 After net capital expenditure and before net exceptionals, interest and tax payments Commenting on the results, Tommy Breen, Chief Executive, said: "I am very pleased to report that the year ended 31 March 2017 has been a strong year of growth and development for DCC. The results reflect the continued successful execution of our strategy in significantly growing our operating profits, converting those profits into cash and re-deploying capital into our Energy, Healthcare and Techno
is it worth buying shares here?
good to see this rise today , would like a lot of these shares , last Friday had been going to buy then seen a post on bpc of news soon there , my plan is to buy plenty of these in the future as to me this is a share with potential
http://tinyurl.com/oxpz6pk Colin McLean, chief executive of SVM Asset Management for 25 years, tells Proactiveinvestors about his investment strategy including why he won't invest in oil, gas and mining companies and why he favours SSP Group (LON:SSPG), DCC (LON:DCC), Micro Focus (LON:MCRO) and Hutchison China MediTech (LON:HCM).
movement on here today?
Have tracked down the RNS now re acquisitions and trading update which obviously explains the SP movement today.
p.s. Investec have reiterated add today
Nearly 5% up today but can't see what driven this?
2014 – The Great Irish Share Valuation Project (Part I) I take a look at DCC, plus a batch of other Irish stocks: http://wexboy.wordpress.com/2014/02/03/2014-the-great-irish-share-valuation-project-part-i/ Cheers, Wexboy
Trading on a forward PE ratio of 14.8 times, the shares sit at a modest discount to the support services sector average of around 16 times and there is a supportive dividend yield of nearly 3 per cent. The valuation gap with peers looks undeserved given DCC's track record. As DCC's profile grows, that valuation gap looks likely to close.but as always dyor..............
SerCom had a confident first half with operating profit up 11 per cent year on year, all of which was organic growth, to £14.1m driven by its dominant position in the UK mobile computing market for products such as notebooks and tablets, and a growing presence in the mobile handset market. The third-largest division is DCC Healthcare, which markets and distributes pharmaceuticals and medical devices and provides contract manufacturing services to health and beauty brands. This division accounted for 12 per cent of full-year 2013 group profit and has a good track record of growth with a 9 per cent five-year compound annual growth rate. Bringing up the rear are the final two, much smaller divisions - DCC Environmental and DCC Food & Beverage, which together made up 9 per cent of full-year 2013 group profits. While small, these two businesses still have attractive market positions. DCC Environmental is Ireland's biggest hazardous waste management company, while DCC Food & Beverage is Ireland's biggest independent wine distributor. Geographically, the UK accounts for the lion's share of group profits at 74 per cent, with continental Europe at 15 per cent and the Republic of Ireland at 11 per cent. DCC's established market positions - nine number one positions in its 14 markets - have been excellent drivers of earnings growth. One caveat is that there is a certain amount of seasonality and weather impact on the DCC Energy business. This is because the winter months, which fall during the company's second half, are the busiest time for oil distribution with demand for heating oil heavily influenced by the weather. So the company's guidance for 13 per cent earnings growth this year depends on 'normal' weather in the second half. On the flip side, if we get a cold winter, there could be upside to profit expectations.
The business itself is somewhat sprawling with five divisions. But drill down and the core driver is DCC Energy, Europe's leading oil and LPG marketing and distribution player. DCC Energy reported a 78 per cent year-on-year jump in first-half operating profit to £33.5m, which represented nearly half the group total. This robust performance was driven by a cold snap in the first quarter, contributions from acquisitions and improved efficiency. That helped to drive the group's overall adjusted operating profit up 38 per cent on year to £69.4m while adjusted earnings per share leapt 39 per cent to 58.34p. DCC reiterated its guidance for adjusted earnings per share to rise 13 per cent for the full year. That is already an impressive pace of growth, but analysts believe they could potentially do even better. The key drivers of possible positive earnings surprise are seen as integration benefits from previous acquisitions, a strong performance from the consumer electronics distribution business SerCom (which is the next biggest division after DCC Energy) and potential further M&A activity given the still strong balance sheet.
Overlooked, undervalued and high quality, DCC (DCC) has all the ingredients to be a star performer. And an impressive set of first-half results last week and increasing coverage by City analysts means the shares may not be overlooked for much longer. The distribution company entered the FTSE 250 in June after dropping its Dublin listing to make the London exchange the sole home for its shares. While the dual listing has kept it off the radar of most UK investors, its track record suggests it warrants serious attention. In the 19 years since its float, the company has achieved a compound annual operating profit growth of 13 per cent and earnings have grown in every year except one. Dividends have done even better. DCC has an unbroken record of dividend growth since the 1994 IPO, and a compound annual dividend growth rate of 15 per cent. Return on capital employed has been equally impressive, averaging 18 per cent over the past 10 years, well ahead of the company's cost of capital (estimated by analysts to be around 7 per cent), meaning DCC has been an excellent long-term value creator.
has to be mate 22p to £22 ?
nice article in The Telegraph on today (25/10/13) about DCC http://www.telegraph.co.uk/finance/personalfinance/investing/shares/10404548/Mid-cap-share-tip-of-the-week-DCC.html
Now in sterling whch is traded in pence eg todays price would be 23 euros and 25cents but in sterling its 2325p.
Has there been a 100 for 1 consolidation?
Ta mate
Currency shares are traded in has gone from euros to sterling
Can someone explain this please
2013 – The Great Irish Share Valuation Project (Part IV) I take a look at DCC, plus a batch of other Irish stocks: http://wexboy.wordpress.com/2013/02/11/2013-the-great-irish-share-valuation-project-part-iv/ Cheers, Wexboy
Dublin-based business services firm DCC has reached conditional agreement with BP to acquire BP Gas Nederland, the company's liquefied petroleum gas (LPG) distribution business in the Netherlands, together with the trade and assets of BP's smaller LPG distribution business in north Belgium, which are together referred to as Benegas. The €24.5m acquisition is conditional on approval from the Netherlands Competition Authority and it is anticipated that the transaction will complete in late 2012. The cash consideration is on a cash free/debt free basis. The adjusted gross tangible operating assets of Benegas were approximately €15.4m at the 2011 year-end, while the adjusted net tangible operating assets were approximately €6.7m. During 2011, Benegas generated an adjusted operating profit of €4.0m. Based in the central Netherlands, Benegas is a supplier of LPG in the Netherlands. Benegas supplies around 55,000 tonnes per annum of bulk, cylinder and aerosol LPG to a broad range of industrial, commercial and domestic customers. It has 44 staff and outsources its distribution and its cylinder filling to third parties. Tommy Breen, Chief Executive of DCC, said today: "DCC has committed total expenditure of approximately €100m in recent weeks to the expansion of our LPG business through the acquisitions of BP's LPG business in Britain, the Statoil Fuel & Retail LPG business in Scandinavia and now Benegas. These acquisitions significantly increase the scale and geographic scope of DCC's LPG business in Europe."
Hi folks, Perhaps you've seen it already, but I recently commenced The Great Irish Share Valuation Project on my Wexboy blog. I'm setting a Fair Value Price Target for every listed Irish company. So far I've valued 2 dozen companies, including DCC. I hope you'll take a look (don't hesitate to comment or email me), and perhaps become a regular reader. Cheers, Wexboy
Development Notwithstanding the difficult trading, the Group is encouraged by the development activity within DCC Energy in the financial year to date. The recently completed acquisitions of Pace Fuelcare Ltd and certain oil distribution assets previously owned by Total were very important steps in the continuing development of DCC Energy's oil distribution business in Britain. While these businesses are expected to make only a modest contribution to operating profit in the year to 31 March 2012, they will make an important contribution once integrated. On 20 December 2011, DCC announced that it had conditionally agreed to acquire Swea Energi in Sweden for an initial consideration of €23 million, which will significantly extend DCC Energy's oil distribution business in Scandinavia. DCC SerCom's Retail distribution business has recently extended its range of customer services in the home entertainment market through the acquisition for a modest consideration of Ztorm AB, a provider of digital media distribution services based in Sweden. In total the Group has committed expenditure of €29 million on bolt-on acquisitions since 30 September 2011, bringing the total acquisition expenditure committed in the financial year to date to €149 million. In addition, the Group incurred capital expenditure of €23 million in the quarter ended 31 December 2011, compared to €35 million in the same quarter in the prior year. Group Prospects DCC remains in a strong financial position and continues to pursue a range of development opportunities. The Group anticipates a return to growth in the financial year to 31 March 2013. Preliminary Results DCC expects to announce its preliminary results for the year to 31 March 2012 on Tuesday 15 May 2012.