Vt Group Share Discussion Threads

[churchtower] 01/12/2005 18:30

Clearly the Analysts enjoyed their luncheon yesterday. Closed at 392 which is an all time closing high. Happy to be riding on this wave. CH.

[churchtower] 25/11/2005 09:39

Threatening to break out to a further all time high ? CH.

[taffychaff] 16/11/2005 07:50

The Government is poised to announce its biggest ever ship-building contract, creating and securing up to 10,000 jobs in Britain's industrial heartlands at shipyards run by BAE and VT from Portsmouth to Fife, says the Telegraph.

[taffychaff] 15/11/2005 07:30

looks like this is in for a re-rating

[mickeyvino] 14/11/2005 11:50

Shipbuilder on course for £5bn orders
Tom McGhie, Mail on Sunday
13 November 2005
VT GROUP, the second-biggest shipbuilder after BAE Systems, is in line to win defence and training contracts worth nearly £5bn over the next two years.

The fast-growing group will disclose details of the orders on Tuesday when it reports results for the six months to the end of September.Pre-tax profits are expected to have climbed from £22.6 million to £25.5m last year. The size of the deals, which range from shipbuilding contracts and pilot training to building schools, will transform the company, according to analysts.
Ten years ago, VT was called Vosper Thornycroft and shipbuilding was its main activity. But since then, the Portsmouth-based group has diversified into training and support activities, which have been boosted by the Government's private finance initiative programme.The largest potential order is to help rebuild every secondary school - the Building Schools for the Future programme. VT, with project management expertise and training experience, is confident of winning about £2bn of orders on this 15-year rolling project.A decision on a £245m project to build schools in Greenwich, south-east London, is expected next spring. The group is confident that its work on two new giant aircraft carriers will be worth about £500 million. And the company is building a £30m 250ft patrol vessel for the Royal Navy.
VT is also in line to win export deals worth nearly £1bn for patrol boats for the Omani navy and the Trinidad and Tobago coastguard. The Kuwaiti navy is also expected to make a decision on two fast-attack craft - an order worth about £400m - by the end of the year.The group has high hopes of being selected with its partner, Lockheed Martin, to train all Britain's military pilots - a £2bn contract over 25 years. The decision is due next summer. VT also has ten per cent of a £1bn bid to help to supply the RAF with tanker aircraft.

[churchtower] 10/11/2005 15:32

Continuing to look strong. 89 day MA has been providing support since June 2004. CH.

[cockneyrebel] 08/9/2005 13:21

Numis advises buying VT Group (VTG.LN) in anticipation of newsflow which has the potential to drive estimates upgrades if good.

Trading update due in September according to Dow Jones Newswire

CR

[cockneyrebel] 08/9/2005 12:14

Breakout coming?

Been some good director buying too

CR

[cockneyrebel] 17/8/2005 17:00

Nobody seems to have mentioned the director buys on AUG 5th.

Another director buy today:

RNS Number:2177Q
VT GROUP PLC
17 August 2005
VT Group plc ("VT" or the "Company")
Director's Shareholding
VT has today been informed that on 16 August 2005 Baroness Blackstone, a
Non-Executive Director of VT, has acquired 4,297 ordinary shares in VT,
representing 0.002% of VT's issued share capital, at a price of 346.5 pence per
share. As a result of this transaction, Baroness Blackstone's shareholding in VT
has increased to 4,297 ordinary shares, representing 0.002 % of the Company's
issued share capital.

[shadyk] 31/12/2004 12:30

This is on the move
Any thoughts for 2005

[ashtongray] 22/1/2004 20:43

I was wondering whether there was a big unfilled sell order out there, but if so it hasn't showed up yet.

Not aware of any new info regarding the carrier or Type 45 orders that would have this adverse impact on VTG price.

[guy martin] 22/1/2004 20:19

Not sure what happened either. VTG was going really well especially after the upbeat report from BBC2's Working Lunch on Friday. Chief Exec explained the cyclical nature of ship-building and that VT were at the start of a new upward cycle which could last six years. The unions too were over the moon with the new yard and all the latest technology, which puts them right up there with the best in the world. The order books are full etc etc.

Anyone got any ideas on the reason for the fall today?

[suicidestu] 22/1/2004 17:07

Anyone know what happened today?

[ashtongray] 09/12/2003 13:03

People getting twitchy ahead of Thursday's White Paper?

I know that "defence capability should not be measured by number of platforms" is Government-Speak for "we will be cutting the number of platforms = less kit in future" but the gloom might be overdone here imo. The carriers are the centrepiece of this Government's future expeditionary warfare strategy, and the Type 45 is there to protect the carriers and amphib forces, and VTG are heavily involved in both. Both programs are also urgent, so timing should not slip, at least not deliberately. So even if numbers/capabilities are trimmed, there is still long term assurance of workload for the new facility, imo of course.

[bearfoot] 09/12/2003 11:41

Looking as though this is up the swanee without any boats.....

[m.t.glass] 09/12/2003 09:58

Four MMs moving down in past 10 minutes..

[ashtongray] 08/12/2003 20:45

I'm not so sure that naval cutbacks will affect VTG too much. Personally I have never believed that 12 Type 45 destroyers would ever have been ordered anyway (remember the offcial line has ALWAYS been "UP TO 12 ships"). Even if the class is only say 8 in reality, the slice of carrier work would have kicked before the T45 workload has wound down. After that, VTG would, given its work on Triton etc, expect to be very much involved in the Type 23 replacement FSC program. That looks like a good long term outloook for the new facility imo, plus export prospects.

[m.t.glass] 08/12/2003 08:31

If they do so voluntarily they may gain from the shift into support services. But if the pace of that switch is accelerated prematurely - eg by this week's expected government announcement of cutbacks in ship work - the market might react negatively in the short term. Especially as the compensatory order already handed to them (renewal of training contract) is already factored into the price and hasn't lifted it. In fact the charts are on the verge of a dead cross formation if using exponential MAs (3 July 2002 was the last such).

And the commencement of a new overall personnel reduction programme across the armed services may see training work being transferred to the non-military job-retraining sector.


The Times
December 08, 2003

Arms firms told to expect cuts in orders
By Russell Hotten

BRITAIN'S arms contractors will be warned this week to prepare for big cuts in budgets for ships, aircraft and tanks as the Ministry of Defence switches spending to electronic warfare.
Multi-billion-pound contracts involving BAE Systems, VT Group and several foreign-owned companies will be affected when this week's Government White Paper on defence spending signals the change in emphasis.

Although Geoff Hoon, the Defence Secretary, is not expected to say which contracts will be hit - that will come next year - programmes including the Type 45 destroyer and the Eurofighter jet are almost certain to be cut back.

On Thursday, when he delivers the White Paper, Mr Hoon will say that the era when Britain could rely on a large army and heavy armour to fight wars is over. Instead, satellite intelligence, "smart" bombs and pilotless drones are the way forward.

"Rapid deployment and weapons capable of pin-point accuracy will be essential for our forces in the future," a Whitehall source said.

This is because most future conflicts are expected to be smaller, but spread throughout the world.

Although the MoD says manpower levels will stay the same, armed forces chiefs fear that the budget cuts will inevitably mean a reduction in personnel. The Conservative Party has already indicated that it will fight any drop in staffing.

Last month Mr Hoon hinted at what will be in the White Paper. Military effectiveness was no longer measured by the size of an army or the number of tanks, he said, adding: "Technology will be a key driver for changes and will present us with new opportunities."

In October, Lord Bach, the Defence Procurement Minister, said: "Numbers of platforms is a fairly blunt planning tool for acquisition decisions."

Analysts believe that £1-2 billion will be cut from the budget for heavy weapons. They believe that the cutbacks will involve buying fewer Eurofighter jets and reducing the number of Type 45 destroyers from twelve to about eight.

Eurofighter is developed with Finmeccania of Italy, and EADS, the Franco-German defence group.

The Government had planned to buy six Astute class submarines, but this could be cut to five. Two new aircraft carriers may be shortened, meaning that the ships would require fewer Joint Strike Fighters. A large number of Challenger 2 tanks may also be mothballed.

The MoD, with an annual budget of about £30 billion, is going through a financial crisis, and is already exhausting £3.5 billion of extra funds granted by the Treasury. The war in Iraq is costing the MoD about £150 million a month.

[potshot] 24/11/2003 09:42

Mail on sunday says that these maybe in line for a re-rating upwards by the city as more and more of its profits comes from support services. Its says that the support services sector carries a high because it is seen as a growth area. If VT move outs of ship building and concentrates on support services their rating will jump.

[jdfww] 03/11/2003 15:15

He was probably looking at previous years payout which was 38p
I dont know why the dividend was cut anyone know?

[josephmsmith] 31/10/2003 19:16

dia;

howd u work that out?
8.4p on a 230p offer equates to 3.65% yield.

[diamondal] 31/3/2003 11:14

BROWSING THROUGH THE FUNDAMENTALS, I SEE THE DIVIDEND YIELD LOGGED AT 18%

[diamondal] 28/3/2003 15:44

DOES THIS SHARE PAY A DIVIDEND ,if so,what is the percentage yield?

[wc1] 26/3/2003 11:07

mangal

Thanks for your post. Helps a lot when someone digs out a news item like this. Will cast an eye over VTG -- hope the buyer has enough kopeks or
whetever to pay the bill. ?

Cheers wc1