Market's view on Dewhurst A
Published on April 2024
- A director’s purchase of £35,000 in non-voting shares suggests they are undervalued or no takeover bids are currently being discussed.
- Discussion on the gap between voting and non-voting shares in Dewhurst, with possibilities of a takeover where an acquirer might undervalue non-voting shares despite requirements by the Takeover Code for comparable offers for each class.
- Concerns raised about the significant difference in prices between ordinary and voting shares, with the gap reaching a historic high, which is puzzling to stock watchers.
- The possibility of a family business being sold despite a generational change, affecting stock strategies.
- A significant change in share trading patterns noted with Richard Dewhurst stepping down from executive duties and changes in share ownership.
- Speculation on mysterious activities affecting stock prices and the potential implications of significant voting rights in takeover scenarios.
- Comments on annual reports indicating significant holders in non-voting shares include family members, possibly influencing stock stability.
- Mixed reactions to financial results, with some watchers underwhelmed and others noting a steady increase in share prices without clear external impacts.