Devro Share Discussion Threads

[simon gordon] 24/3/2014 19:16

Yeah, can get freaky deaky with the charts sometimes.

Don't think I'll be buying DVO, on the watchlist in case the story starts to improve.

[el chupacabra] 24/3/2014 18:28

funny how markets tend to have an amazing symmetry to them innit

[simon gordon] 24/3/2014 18:24

El,

Both charts got the same target :-)

[el chupacabra] 24/3/2014 18:10

well that chart looks a highly colorful and technical Simon Gordon, it defo trumps my two gray lined one as shown here:



210 and 204 respectively :)

[simon gordon] 24/3/2014 17:57

210p is a completion of the head and shoulders pattern.

Could go to the bottom of the monthly cloud: c.200p.

[el chupacabra] 24/3/2014 17:41

wotcha DVO traders, not looked here for a while. Are they still having production problems?

210 is a num3er iv got in mind

[woodcutter] 24/3/2014 09:49

xd 26th march 6.1p

WC

[mali7] 24/3/2014 09:03

Is it ex-div later this week? So more falls afterwards?

[woodcutter] 20/3/2014 12:58

bought in!

[phil140158] 07/3/2014 18:03

Thanks for the post, Woody. I bought in today on the basis of future (longer term) growth prospects, reasonable debt and dividend. Better prospects than 1-2% in the bank/building society. Had some success recently buying good companies (SSE, RR, WG) whose share price seemed to have been marked down disproportionately on poor results/TUs, so I'm hoping it'll continue.

[woodcutter] 06/3/2014 17:48

been observing with interest since the drop, looking for an entry point maybe.

The expansion plans bode well but i'll wait and see how the TA pans out over the next few days.

Singer don't like it!

N+1 Singer maintained its "sell" recommendation on sausage skin maker Devro (DVO), cutting its target price from 285p to 246p. The broker believes that the firm's recent 2013 results posed more questions than answers, in numbers which have forced the broker to further downgrade its earnings estimates for this year. Although N+1 Singer acknowledges the company's plans to expand in China and the USA, the broker feels that this news merely sugar-coats challenges across a number of other areas. The shares dipped by 27.67p to 249.32p.

Anyone have access to the note particularly those challenges?

Woody

[wipo1] 05/3/2014 22:06

mali7 - I am looking at the 3 year chart.

[melody9999] 05/3/2014 20:03

salpara - the relegation is confirmed but will not take effect until 24 March I think. So plenty of time for the trackers to exit.

[mali7] 05/3/2014 15:06

Free Fall?

Any reason for your 220/230p target level?

[wipo1] 05/3/2014 12:36

Looks like DVO is heading for 220-230p

[salpara111] 05/3/2014 12:10

I managed to get out of these at b/e last year around the 310 mark because everything they were saying was pretty weak.
The simple reality is that they were trading on a pretty punchy multiple and offering very little yield which is fine if you are growing at a good rate but not acceptable when the business is stagnating....the big fall today is due to the fact that a lot of tracker funds have been caught out and are now having to dump the stock prior to its relegation the small cap market at close of business today.

[jimmy mcnulty] 05/3/2014 10:48

Topped up. Fall overdone IMO

[scrapman] 05/3/2014 10:22

50p drop over 2 days , someones not happy with these,

[stevieweebie2] 05/3/2014 08:34

Director paid too much recently, not an example to follow then, silly me.

[wipo1] 04/3/2014 21:58

Total Produce looks far better value than dvo

[phil140158] 04/3/2014 19:36

The impact of current exchange rates seems to be pulling this down? The £5 million projected mark down on 2014 profits is a 'kinda' disguised profit warning. I agree with Jimmy that we are buying into the management plan and their ability to deliver.

[phillis] 04/3/2014 16:18

buy on the dips!

[scrapman] 04/3/2014 08:56

steep drop this am