DSW Capital

DSW · AIM · Financial Services · mcap £11m · 45.5p 2 open situations →

DSW Capital runs a network of licensed professional-services businesses, mainly corporate finance and due diligence, and takes a share of their fees. It has added a legal arm through DR Solicitors and is launching DSW Legal.

Target	Promise	Said	Status
2024
FY24	FY24 adjusted pre-tax profit of £1.1m-£1.4m	9 Nov 2023	✗ Missed · target changed
	How it developed 9 Nov 2023 Said “FY24 profit guidance £1.1m-£1.4m as M&A activity normalises” 15 Feb 2024 ↻ Changed / dropped “As a result of these changes, and given the Group's H2 weighting, we now anticipate FY 24 adjusted pre-tax profit to be in the range of £0.6m to £0.7m.” 2 Jul 2024 ↻ Changed / dropped “Adjusted pre-tax profit of £0.5m (FY23: £1.4m), reflecting lower levels of activity and continuing investment for future growth and expansion” Result Cut in February 2024 to £0.6-0.7m; FY24 adjusted pre-tax profit came in at £0.5m. “As a result of these changes, and given the Group's H2 weighting, we now anticipate FY 24 adjusted pre-tax profit to be in the range of £0.6m to £0.7m.”15 Feb 2024 · Trading Update “Adjusted pre-tax profit of £0.5m (FY23: £1.4m), reflecting lower levels of activity and continuing investment for future growth and expansion”2 Jul 2024 · Audited Final Results
FY24	Maintain FY24 total dividend at 3.76p	27 Nov 2023	✗ Missed · target changed
	“The Board intends to maintain the total dividend payable for the year at 3.76p (FY23: 3.76p). In line with the Group's stated dividend policy, one third will be paid at the interim. The maintenance of the dividend at last year's level demonstrates our confidence in the medium-term prospects of the Group and we intend to maintain our progressive dividend policy.” How it developed 27 Nov 2023 Said “The Board intends to maintain the total dividend payable for the year at 3.76p (FY23: 3.76p).” 15 May 2024 ↻ Changed / dropped “has taken the decision to propose a reduced final dividend of 0.75p (FY23: 2.0p), giving a total dividend for FY24 of 2.0p (FY23: 3.76p).” 2 Jul 2024 ↻ Changed / dropped “has taken the decision to propose a reduced final ordinary dividend for the year ended 31 March 2024 of 0.75 pence per share, giving a total dividend for...” Result Final dividend cut to 0.75p in May 2024; FY24 total dividend was 2.00p. “has taken the decision to propose a reduced final dividend of 0.75p (FY23: 2.0p), giving a total dividend for FY24 of 2.0p (FY23: 3.76p).”15 May 2024 · Trading Update and Notice of Final Results “has taken the decision to propose a reduced final ordinary dividend for the year ended 31 March 2024 of 0.75 pence per share, giving a total dividend for the year ended 31 March 2024 of 2.0 pence per share.”2 Jul 2024 · Audited Final Results