Dewhurst (DWHT)

Sector:

Electronic and Electrical Equipment

Index:

FTSE AIM All-Share

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 1,100.00p
   
  • Change Today:
      0.000p
  • 52 Week High: 1,225.00
  • 52 Week Low: 825.00
  • Currency: UK Pounds
  • Shares Issued: 5.10m
  • Volume: 0
  • Market Cap: £56.10m
  • RiskGrade: 82
  • Beta: 0.00

Dewhurst to buy Australia's P&R Liftcars for AU$1.54m

By Maryam Cockar

Date: Wednesday 01 Feb 2017

LONDON (ShareCast) - (ShareCast News) - Dewhurst, a supplier of components to the lift, keypad and transport industries, is to buy a 75% stake in Australian lift car manufacturer P&R Liftcars for up to AU$1.73m in order to expand its service in the country.
The AIM-lsited company will pay AU$1.54m for the stake and AU$190,000 on completion for 75% of the inventory less employee liabilities.

As part of the deal Dewhurst will hold the right of first refusal to buy the remaining 25% stake in the business.

In the year ended 30 June 2015, P&R Liftcars generated pre-tax profit of AU$1m, excluding employment costs, on turnover of about AU$4.7m.

Brad Newell, general manager of Dewhurst's Australian lift components business, said: "As Australia's largest designer and manufacturer of high quality lift fixtures, this acquisition provides an exciting opportunity for the Australian lift components business to expand its services to the Australian lift industry and will provide customers a single point of contact for lift fixtures and interiors.

"The acquisition is in line with our strategy of providing a broad range of high quality manufactured products and services to the lift industry and will be earnings enhancing for Dewhurst."

P&R Liftcars was founded by Roy Peat and Peter Hosey 32 years ago. Peat will retain a 25% stake in the business and will continue in his role as general manager, while Hosey will retire but will remain with the business for a short period to ensure a smooth transition.

Shares in Dewhurst were down 2.28% to 601p at 1256 GMT.

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Note 1: Prices and trades are provided by Digital Look Corporate Solutions and are delayed by at least 15 minutes.

Note 2: RiskGrade figures are provided by RiskMetrics.

 

Dewhurst Market Data

Currency UK Pounds
Share Price 1,100.00p
Change Today 0.000p
% Change 0.00 %
52 Week High 1,225.00
52 Week Low 825.00
Volume 0
Shares Issued 5.10m
Market Cap £56.10m
Beta 0.00
RiskGrade 82

Dewhurst Star Ratings

Compare performance with the sector and the market.
more star ratings
Key: vs Market vs Sector
Value
0.34% above the market average0.34% above the market average0.34% above the market average0.34% above the market average0.34% above the market average
25.00% above the sector average25.00% above the sector average25.00% above the sector average25.00% above the sector average25.00% above the sector average
Price Trend
82.26% above the market average82.26% above the market average82.26% above the market average82.26% above the market average82.26% above the market average
60.98% above the sector average60.98% above the sector average60.98% above the sector average60.98% above the sector average60.98% above the sector average
Income
81.4% below the market average81.4% below the market average81.4% below the market average81.4% below the market average81.4% below the market average
52.38% below the sector average52.38% below the sector average52.38% below the sector average52.38% below the sector average52.38% below the sector average
Growth
53.95% below the market average53.95% below the market average53.95% below the market average53.95% below the market average53.95% below the market average
79.49% below the sector average79.49% below the sector average79.49% below the sector average79.49% below the sector average79.49% below the sector average

What The Brokers Say

Strong Buy 0
Buy 0
Neutral 1
Sell 0
Strong Sell 0
Total 1
neutral
Broker recommendations should not be taken as investment advice, and are provided by the authorised brokers listed on this page.

Dewhurst Dividends

  Latest Previous
  Interim Final
Ex-Div 04-Jul-19 17-Jan-19
Paid 20-Aug-19 13-Feb-19
Amount 3.75p 9.00p

Trades for --2019

Time Volume / Share Price
0 @ 0.000p

Dewhurst Key Personnel

Chair Richard Dewhurst
Finance Director Jared Sinclair

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