What is called a dispatcher in some UK places is not the same as elsewhere in the world; Chockhead mentioned the States. If you're doing W&B, turn-around supervision etc you'd be doing what is often referred to as Red Capping. If you're doing flight planning, crew briefing and real-time monitoring of enroute flights you'd be a Dispatcher.
Having said all that, UKP 5.2 is not worth getting up in the morning for, whether Red Cap or Dispatcher. A Red Cap in CPH will earn around DKK 25-35K/Month. A Dispatcher with SAS in CPH will earn from DKK 35-45K/Month, a ditto with Maersk Air slightly less. One will of course have to take into consideration the taxes, roughly 40% in DK, but the cost of living in CPH are comparable to those in the London area, with CPH prolly a bit cheaper in all areas par the liquid stuff we like to damage our livers with.
In short, they're offering you a really cr@p deal
