Duluxgroup

Duluxgroup (DLX)

Stock Code

DLX

Stock Exchange

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Duluxgroup (DLX) is a manufacturer and marketer of premium branded products that enhance, protect and maintain the places and spaces in which people live and work. The company demerged from Orica in July 2010. DLX has developed a high quality portfolio of brands and is a market leader across many of its product lines. Dulux is the flagship paint brand, which sits at the premium end of the market.

DuluxGroup Takeover of Alesco Corporation Looking More Likely


The marathon six month takeover battle for Alesco Corporation (ASX:ALS) by DuluxGroup (ASX:DLX) is looking more likely to go ahead. Alesco has been placed in a trading halt.

  • Alesco Corporation, the takeover target, has placed its shares on a trading halth ahead of talks with DuluxGroup about its $210 million takeover bid for the company.

DuluxGroup Dividends

1 September, 2010 - 13:29

Peruse the dividend history for DULUXGROUP LIMITED. Dividends are a distribution of a company's profit to its shareholders and paid out in the form of a cash dividend. You are eligible to receive DLX dividends if you own the DULUXGROUP LIMITED shares on the ex-dividend date. Traders and investors must purchase the stock before the exdividend date to be entitled to the dividend. The previous owner of the shares will receive the DLX dividend if you buy the stocks on or after the ex dividend date.

Increased DuluxGroup Competition


Newly listed DuluxGroup (DLX), will face increased competition and may lose dominant market share. Deutsche Bank has initiated coverage of DuluxGroup with a hold and a conservative target price on competition risks and a price target of $2.40. Mark Wilson, from Deutsche, noted: "While DuluxGroup is well managed and has strong market positions, we believe the earnings growth will be constrained by recent market share gains and changes in the market".

DuluxGroup Debut on Australian Stock Exchange


DuluxGroup (ASX:DLX), a paint , adhesive and garden care products supplier, debut on the Australian stock exchange yesterday, opening trading at $2.50 and closing the day at $2.54. DuluxGroup was demerged from Orica last week, whose stock price opened at $23.64. $23.64+$2.50 = $26.14: 46 cents above Orica’s final closing price of $25.68, when both companies were still tied together.

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