A stock I'm holding is Dawson Holdings (DWN)
I expect a trading statement from DWN soon, they are fully listed and have to have in Interim Management Statement - this was released on Aug 14th last year and should be released around the same time this year.
DWN got hammered when Smiths News and Menzies stole nearly all their newspaper distribution business, This nearly finished them. But in May at the Interims they reported:
Revenue of GBP39.4m (2009 GBP44.6m)
Underlying performance:
Adjusted1 profit before tax was GBP0.6m (2009: GBP0.6m)
Adjusted1 basic earnings per share of 0.5p (2009: 0.3p loss)
Statutory results:
Reported profit before tax of GBP0.1m (2009: GBP2.4m loss before tax)
Basic earnings per share of 0.1p (2009 4.6p loss).
Cash generation from continuing operations was GBP1.4m (2009 GBP0.1m
outflow)
Net cash at 31st March 2010 of GBP1.5m (30 September 2009: GBP0.1m)
Dawson now has 3 profitable, cash generative divisions.
Just £3.9m mkt cap. Net cash of £1.5m and adjusted pre tax profits of £600K in H1.
In June the Chairman and the CEO bought 100K and 130K shares each, respectively - doubling their holdings.
The above figures seem to make this company look cheap imo. As always this isn't investment advice, it's just a stock I find interesting with the trading statement due in a weeks time and therefore I hold.
CR
Thanks for that CR. Always nice to have some homework for the weekend.
ReplyDeleteI see my name doesn't come up. I'll have to work on that, too.
ReplyDeleteZangdook