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my last 700@6.37 ex div...feel a little sad...it has been a great journey ...dwha just too attractive (hold 9.5k)
here and dwha ...no longer cheap as chips ...but if investors see steady growth potential like rbn and tfw, the £10 is easy target
Such a simple company! Yet so brilliant!!
soon
Settlement of Claim against Dewhurst (Hungary) Kft Dewhurst plc announces the settlement of the claim (previously notified on 31 January 2014 - see RNS number: 0166Z) against Dewhurst (Hungary) Kft, a subsidiary of the Company, by AIG Specialty Insurance Co. Following dismissal of the lawsuit in the Arizona Court, without admission or finding of liability, Dewhurst (Hungary) Kft and AIG have agreed a confidential full and final settlement of all claims arising from this dispute. There is no material impact on current market expectations for the results of Dewhurst in either this or future financial years.
yes..a few... ...slowly buying dwha shares in the market, without boosting the price would be excellent use of the cash mountain...what else will this cash be used for? Divis reward the "A" relatively more (ie not the family), so buying out mug holders of the "A" @30-35% discount seems a better way to go imv ...but I bet they don't (or not v much at all) lol
I seem to remember they have bought back 'A' shares before and if they're seriously discounted which they seem to be now, it makes sense to buy back and therefore retain more of future profits through reduced dividend payouts. Never mind value appreciation of the stock held in Treasury :) We wait and see
yes...I doubt they'll be interested in much/any buy back from non family members (which is pretty much all the "A" holders, I reckon)... ...Why should they? They are not bothered about the price of the "A" shares...and only have moderate interest in the ords, I'd guess...they just stick to building value in the business and allow the sp(s) to do their thing(s)...which is great ...but I still wish they would buyback a substantial portion of the "A"s lol
seem okay...headline of offsets seems consistent with narrative from other companies so still good value at these prices (esp. A's) may email re buyback...I suspect they may do it anyway but doubt they'd spend more than 6 figures Would be happy for them to use smaller amount to address pensions issues too and put that uncertainty to rest
would be excellent investment decision by management imv..unless they have clear value enhancing acquisition in sight ...£13 million of cash seems excessively cautious...they could spare £4m (and enhance earnings...unambiguously, almost risklessly & considerably) through share purchase ...JUST DO IT, RICHARD
reckon results fine if uninspiring...so don't expect much sp action (perhaps some drift here towards £5?) ...I'll be looking to add in Autumn...in run/lead into finals ...as a long term play, there is no better place to be invested imv
HY Results - 31st March 2015 CASH POSITION Cash and short-term deposits of £12.9 million increased marginally to £13 million in the interim period however Trade and Other Receivables are up by £1 million which is indicative of ongoing operations, late or staged payments as per industry norms. I would think a cash position of £15 million achievable in the second half to September 2015, reducing estimates because of weaker than expected CAN and AUS currencies, lower UK demand etc PROFITS Operating profits increased to £2.55m from £2.47m in the comparable period, profit after tax of £1.58m increased from £1.51m EARNINGs 18.63p (17.82p in the first half of 2013) Most of last years incredible gains came as a result of impressive second half performance (29p earnings in 2014) DIVIDENDS Interim up to 3p from 2.8p OUTLOOK The fall in UK sales was almost completely offset by stronger North American, Asian and Australian performance; however the weaker Australian and Canadian Dollars reduced reported Group revenue by approximately £0.2 million in the first six months... we expect our markets in the UK to remain weaker, whilst our overseas markets should remain buoyant, at least for the second half of the year. However a further fall in the Australian and Canadian currencies will have some negative impact on the profitability of our operations in those countries and their contribution to Group performance.
jolly - the glass is half full where is your optimism haha, results on Wednesday, looking forward to see what management decide to do with all the free cash after dividends... Might they be keen to repurchase DWHA shares if they are considered less than market value?
I expect nothing lol...no change ...but I am here for years to come, so not bothered ...a modest dividend helps while away the wait
Just one more week now, calm before the storm.. haha what's your estimates here and on DWHA? DWHT - 650 to 680 range DWHA - 440 to 460 range
ta Admin
bizarre pricing here and DWHA...
the action may be on the other side
nearing 37% discount to forego fairly useless right imv... ...only another 5-8% until highest historic discount exceeded... ...may even get chance to load up over there after results given how sleepy investors seem to be lol
Haha it won't happen! If it does we'll both be in heavy :) There's now a premium to buy over 1000 here, 600p paid for £14k buy this afternoon bodes well for tomorrow and into next week. So that's 383 over 600 now comparing the asking price, what is with the discount? N/V shares getting cheaper.. decisions :)
and maybe better to wait for 40-45% discount to trigger arbitrage (if that sort of ridiculous opportunity arises again) ...a 45% discount would be quite something to savour lol
I wouldn't be selling either mate, better to load up in the 'A' shares of course but results just around the corner id be more inclined to reduce elsewhere to load up. Just my two cent all the best
now over 35%...40% discount is pretty clear cut "SELL DWHT, BUT DWHA"... historically (based on RB's analysis) ...I have just sold 700 DWHT and bought 1800 more DWHA
Up to £18.5m today, but still heavily discounted. Earners with results coming up like this and ESR doing well so this month.
A little over two weeks to wait for Half Year Results, could be worth taking a position this week. Exceeded expectations in the year to September 2014 with all 3 UK companies recording 'double digit sales increases'. Cash and short-term deposits stood at £12.9 million last time around and so make up a large proportion of current market value. This is expected to continue to grow. Current market cap is £17.9 million. Cash increased by £2.6 million for the year in 2014 and is expected to be higher again this year. Even assuming recurring cash generation with no growth the balance sheet will be significantly stronger come September 2015, £15.5 million at least... Operating profits increased to £5.5m as revenue jumped and costs remaining relatively flat. Profit after tax of almost £4m equated to earnings of 46.22p (more than 300% higher than in 2013). Obviously the last year was a stellar year in terms of performance and assuming they can sustain a similar level of profit (despite growth targets being higher) the share price will continue to attract long term investors. Pension contributions will be far easier to meet with the company logging growth on a semi-annual basis... I think this is part of the reason why DWHT remain so cheap. There are 5,165,698 'A' non-voting ordinary shares sat at £3.8 each right now but consider the last two dividends came to about 3% (before the share price rose) and this would be feasible for the coming year given continued balance sheet strength.