DSW Capital (DSW)

Sector:

Financials

Index:

FTSE AIM All-Share

 66.50p
   
  • Change Today:
      0.000p
  • 52 Week High: 74.00
  • 52 Week Low: 47.00
  • Currency: UK Pounds
  • Shares Issued: 25.13m
  • Volume: 0
  • Market Cap: £16.71m
  • Beta: 0.00

DSW Capital FY adjusted pre-tax profits fall

By Iain Gilbert

Date: Wednesday 15 May 2024

LONDON (ShareCast) - (Sharecast News) - Professional services business DSW Capital said on Wednesday that adjusted pre-tax profits had contracted in the year ended 31 March but said network revenues and total income from licensees were expected to be in line with current expectations.
DSW said network revenues were pegged to be £16.0m, down from £18.3m in the prior year, reflecting subdued mergers and acquisition activity that has persisted since late 2021. Adjusted pre-tax profits were expected to have fallen by £900,000 to £500,000, below the bottom end of guidance provided in its February trading update and due to its decision to increase provisions against balances owed by licensees.

M&A activity represented 68% of network revenues, with average revenue per fee earner falling from £193,000 to £153,000. Fee earners increased from 97 to 107, while the number of partners grew from 42 to 50.

DSW said it remains confident in its long-term prospects but acknowledged "the suppressed earnings" in the period by proposing a reduced final dividend of 0.75p, giving a total dividend for FY24 of 2.0p. It anticipates maintaining dividends at a reduced level until market conditions improve and earnings return to growth.

Chief executive James Dow said: "We remain frustrated that economic conditions continue to impact confidence in the SME M&A marketplace. However, our licensee businesses have shown remarkable resilience and entrepreneurship and, as a result, we have only seen a 10% reduction in network revenue.

"The group remains well positioned to continue growing its network and to capitalise on future upturns in SME and M&A activity."

As of 1100 BST, DSW shares were up 1.50% at 50.75p.









Reporting by Iain Gilbert at Sharecast.com

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DSW Capital Market Data

Currency UK Pounds
Share Price 66.50p
Change Today 0.000p
% Change 0.00 %
52 Week High 74.00
52 Week Low 47.00
Volume 0
Shares Issued 25.13m
Market Cap £16.71m
Beta 0.00

DSW Capital Star Ratings

Compare performance with the sector and the market.
more star ratings
Key: vs Market vs Sector
Value
28.22% below the market average28.22% below the market average28.22% below the market average28.22% below the market average28.22% below the market average
46.3% below the sector average46.3% below the sector average46.3% below the sector average46.3% below the sector average46.3% below the sector average
Price Trend
43.63% above the market average43.63% above the market average43.63% above the market average43.63% above the market average43.63% above the market average
32.14% above the sector average32.14% above the sector average32.14% above the sector average32.14% above the sector average32.14% above the sector average
Income
38.57% below the market average38.57% below the market average38.57% below the market average38.57% below the market average38.57% below the market average
63.08% below the sector average63.08% below the sector average63.08% below the sector average63.08% below the sector average63.08% below the sector average
Growth
99.24% below the market average99.24% below the market average99.24% below the market average99.24% below the market average99.24% below the market average
100% below the sector average100% below the sector average100% below the sector average100% below the sector average100% below the sector average

DSW Capital Dividends

  Latest Previous
  Interim Final
Ex-Div 12-Dec-24 12-Sep-24
Paid 10-Jan-25 27-Sep-24
Amount 1.00p 0.75p

Trades for --2024

Time Volume / Share Price
0 @ 0.000p

DSW Capital Key Personnel

CEO James A T Dow

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