Devro Share Discussion Threads

[xandeebee] 07/3/2012 15:39

Well, I'm out for the time being :)

A great company (and one which I will buy again on any weakness) but for the time being looks fully valued in my eyes.

I still intend to follow this thread so you're not completely rid of me just yet!

Best,

XB

[bogotatrader] 06/3/2012 07:38

Goldmans....upped price taket so must have revised upwards earning forecasts....other broker will follow suit and this will support the price and increase interest.....

[philanderer] 02/3/2012 08:18

2nd march Goldman Sachs 'neutral' tp = 365p (up from 320p)

[bogotatrader] 29/2/2012 16:47

Xand...getting ready for next sharp leg up...have raised my short term target to 340p-350p area based on good performance today.....

[xandeebee] 29/2/2012 14:33

Bogota - Maybe I'll be eating my own words! :p

[xandeebee] 28/2/2012 23:00

Bogota; I must say I'd be (pleasantly) surprised if 330p+ was hit. Devro moves quite slowly and given results merely nipped in ahead of expectations, this price does seem relatively fair for the time being (even slightly toppy when one considers the PE multiple).

Anyway, happy to hold and watch :)

XB

[bogotatrader] 28/2/2012 18:17

xand.....I am thinking 330p-340p short term in next week or two....at which level nice to take 10% profits.....

[xandeebee] 28/2/2012 12:30

I've set a mental (short term) target of 320p at which point I'd like to take profits. No biggie if it doesn't drift that far, this isn't exactly a risky stock :)

[philanderer] 28/2/2012 12:27

Back on the watchlist .

Hit my 304p stop while I was away.

[bogotatrader] 27/2/2012 07:15

Questor said it will probably go higher but wise to start taking profits.....this is a quality company.....

[eburne1960] 24/2/2012 12:07

Could've sworn it was £4 or £5 in the nineties, didn't think this was an all-time high as Questor says.

[xandeebee] 24/2/2012 09:25

mm - it is indeed.

Brokers seem to say otherwise (I'm not sure how he reached an average TP of 305p).

Still, I feel this share offers decent stability so I'm happy to hold for the time being.

XB

[philw2009] 24/2/2012 09:07

Not exactly the tip I was hoping for.

I hate to say it but I fear he might have a point though. The p/e is looking a bit, er.. meaty.

[xandeebee] 24/2/2012 08:59

haha such is life!

[philw2009] 24/2/2012 08:46

And Questor says... SELL!

[philanderer] 23/2/2012 13:01

Yep, top volume again 1m+ traded already.

Off to the sunshine now for a few days :-)

Luck to all.

[xandeebee] 23/2/2012 11:06

Large volume again today - ADVFN registering them as buys but I'm not so sure given the price. Either way, looking very strong.

XB

[philanderer] 22/2/2012 19:39

UT was @ 312p tonight.

Hopefully a Questor (Telegraph) piece tomorrow or friday.

FTSE 250 - Risers at close

Genus (GNS) 1,242.00p +10.20%
Devro (DVO) 312.00p +9.32%
Galliford Try (GFRD) 545.00p +8.78%
Hays (HAS) 87.40p +7.90%
Barratt Developments (BDEV) 139.80p +7.79%
Ophir Energy (OPHR) 392.00p +7.25%
Rank Group (RNK) 138.40p +6.54%
Logica (LOG) 86.65p +6.45%
Afren (AFR) 140.50p +5.88%
Travis Perkins (TPK) 1,059.00p +4.75%

[xandeebee] 22/2/2012 19:13

Firm break out today - haven't traded at this level since the early 90s. This will have popped up on several monitors which could add fuel to the fire. I wonder if we'll get a snappy move up to 330p where the broker estimates lie?

XB

[bogotatrader] 22/2/2012 17:15

Nice director purchase underpins shares.......feel that there may be some upgrades being worked on and will help with re-rating from current levels.....

[philanderer] 22/2/2012 16:04

And here`s Soc Gen...... retaining their 'hold' but increasing tp from 280p to 300p

[philanderer] 22/2/2012 15:53

Thanks xandeebee, so far so good.

Another purchase from Paul Neep..

The Company announces that Paul Neep, a Non-Executive Director and a PDMR of the Company, has today purchased 6,800 ordinary shares of 10p each in the capital of Devro ("Shares"), at a price of 290 pence per Share.

[xandeebee] 22/2/2012 14:28

Indeed - congrats on your purchase at 281p! ;)

[philanderer] 22/2/2012 13:17

We`re going well today, nearly 2million shares traded and looks like breakout.

DVO may be on a lot more radars now.

[philanderer] 22/2/2012 12:21

Afternoon xandeebee, that 300p came quicker than I thought.

Clive Black is always worth listenin to.

Yorkshire Post:


Demand sees Devro push up profits


Published on Wednesday 22 February 2012 06:00

sausage-skin maker Devro posted a better than expected rise in full-year profit and said it continued to invest in new facilities, reflecting its optimism on the back of rising meat consumption in emerging markets.

The company, which each year makes enough collagen casing to stretch to the moon and back several times, is also benefiting as its alternative to increasingly expensive sheep gut casings allows meat processors in the developed world to cut costs.

Devro, which is listed on the FTSE 250 index of mid-sized companies and makes casings for everything from German bratwurst to breakfast bangers, estimates that global collagen consumption grew 10 per cent in 2011.

"The volume growth is the key to this story," said Investec analyst Nicola Mallard, who upped Devro's target price to 335p from 315p following full-year results published yesterday.

"They've got access to developing and emerging markets – places like Latin America and eastern European markets have been particularly strong for them."

Shares in the company fell 4 per cent, however, as analysts pointed to a strong rally in the run-up to the results and worries over rising energy and raw materials costs.

Devro said it was also positive about the coming year after a strong finish to 2011 that helped it overcome disruption earlier in the year caused by earthquakes, floods and poor weather in a number of its markets.

The Scotland-based company said it hoped to build on sales growth in Latin America and Russia.