Roundtable Discussion; The Future of Mineral Sands. Watch the video here.
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Melrose? They sell aircraft bits, what a clown. You should be tracking vehicle sales and Dana in the US, which is their nearest competitor eejit.
Double trouble - broker price downgrade to 100 and read across to Melrose where revenue stalled due to lower demand for components. IMO already factored in ...
Dear Headder - I'm not smart but even I know that. Uptrend? I'll give it a try , thanks GLTA
Timing? I suggest you read the AGM & ask yourself why you own this stock. Shares don't just go up because they went down. Maybe you would do better ONLY buying stocks in an uptrend?
Well, I'm about 10% down - guess I got the timing wrong this time. You cant get them right all the time.
I may add but want to see what happens after the ex dividend date. Not expecting a whole lot from the buyback, from the first day, looking at the increase in ordinary trades, would seem it may offset the algorithmic selling somewhat. Do you have a relevant Buffet quote to share which applies to the situation here W.B Junior?
It’s going to be a good day today just wish I had bought a few more yesterday !!!
Where do we think they will start the buyback of shares, should have a positive impact on the price?
They are getting them cheap!!!
Was just looking at trades after hours. There were some enormous trades that went through...
I'm looking to add.
Well, they did slip a bit further and I bought half a unit at 81.35p. There is only one thing worse than backing your judgement and that's not backing it ! Half a unit because DWL may have further to fall and I can average down. I am taking a year's view here; it doesn't have the the quality to be a long term, core growth stock.
A fair summary of this morning's webcast there Mr Picky.
From what I could hear of the Q and A I picked up that the new site in Hungary has 10 production lines in operation and has been given audited the green light by our German partners and others.
The non cash write down of powdered met lowers the mid term horizon somewhat but it had to be done. As they said, they still feel the business has excellent growth prospects for the long term.
A £1m buy went through off the book at 14:11pm, so somebody thinks this is cheap.
aimo
Indeed, still one of the few potential double baggers alongside PRU, 888 and others
I dialled into the online presentation. The sound broke up halfway through the Q&A session so I may not have got everything. It was a good year but so it should have been given the bounce back in industry sales. Their growth was actually below the global rate. Liam Butterworth (CEO) was positive about what they had achieved and would achieve going forward, I couldn't get excited. By Division Automotive: steady progress and the plant reorganisation is done. Powder Met(alogy): the long term profit projections have been down graded, hence the write down, but it is still a growth market in their view, Hydrogen: They need a partner or a sale, expect continued loss and cash outflow. Balance sheet is OK, gearing at 1.4x is within their self imposed range and this year's cash flow will cover the buy-back and divided so no increased gearing (Note: There cant be any projects that give a better IRR). So with small a revenue increase all be it second half 2024 weighted, and better margins, eps should be modestly up this year say 15p which puts them on a prospective p/e of 5.8x and yield of say 5.1% . This looks cheap to me but such stocks have a habit of remaining cheap. If they slip much further then I might buy a few.
Good results, nice divi and buyback. Shame about powder impairment, did not see that coming.
A piece from CNBC on the threat of BYD, I noted that they have a factory in Hungary and so will we.
Tesla-rival BYD pushes into emerging markets amid U.S. and European uncertainty
https://www.cnbc.com/2024/03/19/tesla-rival-byd-pushes-into-emerging-markets-amid-western-uncertainty.html?__source=androidappshare
Robust trade sanctions for cheap, Chinese leccy cars announced today sounds good for DWL. Full year results next Thursday.
Threat of cheap Chinese electric vehicles grabbing 40% of market, with intro car a mere 8000 is not doing sp any good.
Me too. just added this share for first time. GLTA
Tentative buy at 85.6p.
Hoping this is the 'bottom' before the run up to FY results on the 21st of March.
Barclays overweight target 110 seems to be the driver.
Great decision looking at todays price - any idea why?
@baroninvestment on twitter a buyer, he’s got a great track record for these kind of things
Taken £5,000 myself
Just reduced to below the reporting threshold of 0.5%, they're now 0.48% short
Marshall Wace short gone? perhaps the absolute bottom has been reached?