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EBIT (pre intangibles): £8-9m (giving some seasonaility uplift)
that's c£1/share
yes, there's a small benefit of effective "leverage" from non voting shares
but we're still c 10 for EV/EBIT
as is so often the case, the A shares represent better value imv/dyor etc etc
(and these look pricey)
675/1100
or ?730/1150
c35%-40%
250/875 or c30%
rights to choose this over the "A"s, don't you?
Wider spread here
35-40% discount over there
I love Dewhurst
but much prefers
the "A"s
DYOR
...and enjoy a great New Year, all
*reminder* check trading volumes for next 3 months
Preliminary results last year released on 5 December.
Volumes increased in November, share price began to creep up
The weeks following update were particularly strong with the share price rising from 690 to 860 level
Secondary wave from early Feb to end of tax year with the share price rising from 825 to 1170
Nb. DWHA remains at more than 50% discounted and has been for a while. Potential for the gap to close to historic 15-20% discount. Catalyst might be further Company purchases of the 'A' non-voting ordinary shares for cancellation especially given the continued strength in DWHT's share price.
Probable hike of YE Dividend to around 8.5p
Huge discount currently if you buy DWHA, who is buying up all these shares and neglecting the 'A' shares?
done DWHT, many thanks!
counting the buyers to sellers this year I see a lot more sellers So why is the price up so much,, not exactly buyers of substance ,, when you read the numbers this has my eye,, but in reality it seems over priced, if it dips to 7.00 it will be bought
I'm on the wrong horse at the moment jolly...well done to you. Should come good though.
dwha was the place to be... ...but now?
given dwha 10%+ outperformance
has widened over time (erratically)...and I was pleasantly surprised that the family decided to buy back some of the "A"s ...I'd buy back voting shares @ discount of less than 15%
like same divi, these pricier. Voting rights...hmmm I think the family own over half here, so no chance of them being outvoted. Six and two threes jolly, made my bed etc, Under spiced but happy here. GL
don't need spice ...Have you looked at A share?
Just going on last year, when 2 were issued on and after the end of August, before December prelims. Plodder's world of low or no volumes, bit of news always spices thing up.ATB
if unnecessary
update about due? After June's barnstorming half year report, it will be interesting to see if progress has been maintained, even accelerated. The pound's not been as feeble, so could be a shade more modest. A tight, family run outfit, tad boring...the perfect fit for my plodder's portfolio! All imho, dyor etc GL holders, spectators.
but discount of 30% makes A non-voting shares more attractive imv
A shares still better value lol
pension deficit still rising despite £1.3m pa cash contributuion ..@£6, this stands on heady ev/ebit and dwha offer better value imv (waiting for sub 5 here, sub 3.5 there)
as well @386 (hold 6k)...looking for sub 370 rebuying there...and sub £5 re-entry here
discount for As still much too tempting:£3.85p v c£6
all time high of course ...and now nearly 40% discount to buy As...which is at extreme historically
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