Share Name Share Symbol Market Type Share ISIN Share Description
Devro Plc LSE:DVO London Ordinary Share GB0002670437 ORD 10P
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  +2.80p +1.66% 171.80p 170.80p 172.40p 175.80p 167.80p 175.80p 110,040 16:15:38
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Food Producers 253.4 17.5 7.5 22.9 287

Devro Share Discussion Threads

Showing 2526 to 2547 of 2875 messages
Chat Pages: Latest  103  102  101  100  99  98  97  96  95  94  93  92  Older
DateSubjectAuthorDiscuss
25/6/2013
16:18
MARKET REPORT: Devro's boom in bangers may just have burst By Rupert Steiner PUBLISHED: 22:04, 24 June 2013 | UPDATED: 22:08, 24 June 2013 As defensive stocks go, sausage-skin maker Devro has been an unlikely safe haven for investors. But as cash-strapped shoppers foraged out cheaper meal alternatives, the sausage firm was able to ride high on the downturn. However, the boom in bangers may just have burst. Devro was forced to issue a profit warning as the bottom fell out of the sausage market with Britain's biggest supplier to the ham industry saying the slowdown has finally hit. Shares fell 2.3 per cent or 7p to 296p with the firm saying: 'As a result of slower than expected sales, particularly in April and May, combined with raw material cost increases and temporary manufacturing issues in the USA, operating profits for the first half are expected to be approximately £3m below last year.' This was a shock to investors. The firm added that in some countries sales of processed meats 'declined temporarily' due to various factors including the colder weather and lower levels of consumer spending. There has also been a drive upmarket with the sausage market polarised at both ends. In the UK some consumers have flocked to premium products and this caused a slump in more mainstream varieties. Devro does have its upmarket Select range, which has seen volumes rise 13 per cent, but it is mainly in the smaller German and Japanese regions. Investors appear to be giving chief executive Peter Page more time. He claims the problems are a short-term blip and the business can deliver bigger things in the future. But Darren Shirley, an analyst at broker Shore Capital, said: 'Devro has reported UK and Australasia volumes in decline, with the UK hit by the ongoing trend to premium sausage and Australasia hit by weak consumer demand. 'Whilst we remain positive on the medium term, we cannot overlook the weakness in current trading and the fact that a proportion of Devro's second-half recovery is out of control.' Shirley reiterates a 'hold' but it remains to be seen whether the firm has enough time to beef up the business in the second half.
greatwhitefunkmaster
25/6/2013
11:23
Added this morning, broker coverage yesterday was all positive. I would think this is maybe on the radar of a predator after such a steep fall.
ivancampo
25/6/2013
10:13
Added this morning, broker coverage yesterday was all positive. I would think this is maybe on the radar of a predator after such a steep fall.
ivancampo
21/6/2013
11:58
Monday's update is going to be interesting reading. Bounced off this price before now. Under £3.00 seemed ridiculous a few months ago.
greatwhitefunkmaster
31/5/2013
14:44
I would say there's a very real possibility of that....
ivancampo
31/5/2013
08:38
any chance these could go the same way as the US Pork producer smithfields , the Chinese are partial to the odd sausage I believe
scrapman
24/4/2013
09:01
upgrade.. 24th april N+1 Singer buy tp 371p
philanderer
23/4/2013
17:03
Interesting to see Fidelity and Schroders selling down as well as three directors exercising nil paid options and immediately unloading their shares at 305. One had an excuse (tax & NIs), the others didn't offer one. Company needed to lay on a site visit today to try and convince investors that everything is working fine. If it was why sell today and not wait for a price rebound? Hardly buying into weakness.. .
plexi
23/4/2013
11:40
I'm not sure whether we're all singing from the same hymn sheet here, I assume you've read the IMS. As I understand it, there's nothing other than what was reported last week going on, other than a pull-back to a level off which it has bounced before (and which I didn't expect to see us retesting). Just in case it's been missed For immediate release 18 April 2013 Devro plc (the "Group") Interim Management Statement and Annual General Meeting Devro plc, one of the world's leading manufacturers of collagen products for the food industry, today issues the following Interim Management Statement for the period from 1 January 2013 to date, ahead of its Annual General Meeting to be held at 11.00am. Steve Hannam, Chairman of Devro, will make the following statement on current trading. "Devro's global sales have continued to grow during the period. This has been underpinned by good growth in much of Europe and North America, offset by a slower start in the UK and Australia. Select has begun the year well, particularly in Germany where it continues to make good progress. "The major capital investment programme in the Czech Republic is proceeding as planned, with significant additional volume scheduled to come on stream in the second half of this year in order to support further growth in 2014. "As announced at the time of the 2012 preliminary results, we have now implemented the planned price increases we referred to at that time. Input costs have also risen broadly in line with our expectations. "Manufacturing performance, however, has been held back by lower yields, particularly in the USA, which has restricted product available for sale and impacted unit costs. "We remain confident that the Group will meet the board's expectations for the full year. Whilst profits for the first quarter of the year are below the corresponding period in 2012 due to lower production yields, remedial action has already been taken and, with the benefits of recent price rises, additional volume from extra capacity and a focus on improving production processes, we do expect stronger performance as the year progresses. "Net debt and cash flow are both as expected and the financial position of Devro continues to be strong." Peter Page, Chief Executive, commented "Sales continue to grow in volume and value terms across the Group and our investments in people and infrastructure will ensure we have the necessary capability to take advantage of the significant opportunities that exist."
greatwhitefunkmaster
23/4/2013
08:04
terrible trading pattern , someone obviously was well informed here before the event
scrapman
22/4/2013
17:39
....production problems by the sounds of it
el chupacabra
22/4/2013
17:30
wotcha DVO traders :) so whats happening in the world of sausage casing lately?
el chupacabra
18/4/2013
14:40
Nowt to worry about, fairly consistent move from a chart point of view, will surpass 380 on next leg up - just be patient and re-invest your divi.
ivancampo
18/4/2013
14:00
It seems steady enough to me (today's news) although £3.80 seems a long way away now
greatwhitefunkmaster
18/4/2013
10:29
quite a pullback over the last few days , looks like news not looking so good
scrapman
15/4/2013
07:21
I see we had an IMS around this time last year
greatwhitefunkmaster
26/2/2013
10:43
results are fine as are future prospects v encouraged listening to webcast business in capable hands
phillis
26/2/2013
09:23
seems like decent results , not many comments ,,
scrapman
15/2/2013
22:24
Breakout, quality, safe as houses. Majority holding in my pension.
ivancampo
11/2/2013
15:23
very enjoyable rise recently , is it just because results out later this month or some thing more ?
scrapman
30/1/2013
08:22
oops wrong board ...sorry
chickcrumbs
30/1/2013
08:07
http://www.ventures-africa.com/2013/01/petrofac-halts-activities-in-gas-project-after-algerian-terror-attacks/?utm_source=feedburner&utm_medium=feed&utm_campaign=Feed%3A+ventures-africa%2FkCzk+(Ventures+Africa) Anyone know if this this the reason for todays price movement or have I missed something else?
chickcrumbs
Chat Pages: Latest  103  102  101  100  99  98  97  96  95  94  93  92  Older
Your Recent History
LSE
DVO
Devro
Register now to watch these stocks streaming on the ADVFN Monitor.

Monitor lets you view up to 110 of your favourite stocks at once and is completely free to use.

By accessing the services available at ADVFN you are agreeing to be bound by ADVFN's Terms & Conditions

P: V: D:20191014 15:34:57