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: 81
  • Beta: 0.00

Dewhurst's profits climb despite Brexit caution

By Duncan Ferris

Date: Tuesday 11 Jun 2019

LONDON (ShareCast) - (Sharecast News) - Dewhurst reported a jump in profits on Tuesday after an encouraging first half performance in "almost all areas", though the company warned that Brexit uncertainty has clouded the outlook.
The industrial lift and keypad components specialist's profit before tax came in at £3.1m for the half year ended 31 March, up 8% when compared to the same period last year, while sales increased by 31% to £32.3m.

The AIM traded company said that UK lift sales remained resilient despite Brexit uncertainty, overseas lift sales performed well and keypad sales remained stable from the second half of last year, which was an improvement on last year's first half.

The strong sales led Dewhurst to hike its interim dividend from 3.50p per share to 3.75p.

However, transport sales were dampened by continued pressure on the UK local authority's spending.

"Demand in most of our markets, excluding the transportation sector as noted above, is currently steady or improving. In the UK we are still faced with uncertainty regarding Brexit. We cannot tell how this might affect demand later in the second half, but we are retaining our higher inventory levels for the time being until the way forward is clearer," said a company statement.

Meanwhile, the Australian economic climate is expected to remain positive after the previous government's reelection, while business in North America remains busy and the trade tensions have, so far not had an impact in Dewhurst's market sector.

Dewhurst's shares were up 4.55% at 1,150.00p at 1319 BST.

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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 81

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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