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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
  -8.00p -3.79% 203.00p 202.50p 205.50p 208.50p 203.00p 207.50p 23,097 16:18:01
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Food Producers 253.4 17.5 7.5 27.1 339.00

Devro Share Discussion Threads

Showing 2651 to 2675 of 2875 messages
Chat Pages: 115  114  113  112  111  110  109  108  107  106  105  104  Older
DateSubjectAuthorDiscuss
28/4/2014
09:17
not the best news! Still if you're in for the longer term then it's an opportunity to add. WC
woodcutter
28/4/2014
08:13
Didnt expect another profit warning but I guess they say that they come in threes so only one more to go! Moved the stock to my low level monitor list but dont think that it will be worth a punt for another 6-12 months.
salpara111
28/3/2014
17:25
have we seen the bottom? Full engulfing candle today. 220p'ish has historically been a potential support level. WC
woodcutter
27/3/2014
16:12
added this pm. The business will most likely be slower this coming year but i expect it to grow much quicker in the following years as the new, more efficient, production units come on line, and we see consumer growth in the developing world. WC
woodcutter
27/3/2014
12:04
I owned this one last year and managed to get out with a few percent gain. I sold due to the fact that their business seemed to be slowing considerably and they were suffering currency headwinds. I can see this as a low growth divi play but only when the yield crosses the 4% line which is not far away now.
salpara111
26/3/2014
11:04
if i'm understanding it correctly they completed the czech expansion programme and paid for it from the cash they generated from operations plus some borrowing. cash generated from operations £43m and that's with an increase of £13m of inventory capex spend £36m net debt/EBITDA ..................0.6 roce 17.6% borrowing increased by £10m+ but pension liabilities reduced by a similar amount. I don't see a problem here. okay so they had very little cash to show for it after the year end but with that level of cash generation a few years of lower profits and possible stagnant share price is going to be worth the wait in the long run. I guess you could hold fire and wait for the share price to rise but i figure it'll be too late then there's not a lot of shares in issue and it's pretty tightly held. the pricing power can be seen in the margins too, operating profit margin of over 17%. how many food producers can deliver that kind of margin. i may have jumped the gun but will be glad to buy on further weakness. Woody
woodcutter
26/3/2014
10:49
well there's both the net debt and the pension debt to consider. But there were similar problems at FIF a few years ago, high net debt but exceptional cash flow. Nobody was interested in it when it was 20p but i just kept adding and tripled my money after building up a sizeable stake. There's no question there's risk attached but i figure the strong cashflow and ability to service the debt is favourable imv. There's always the possible downside of a share placement to strengthen the balance sheet. FIF were paying down £2/4m a year of debt and then sold a subsidary and had a small placing to strengthen their BS from memory but by then the share price was already on the move. I don't hold anymore! So yes, some risk but also potential upside is considerable as the debt is paid down and the eps increases exponentially. I'd even prefer a divi reduction to get the debt down, in the long run it will be beneficial. yes that might affect the share price but if your willing to be patient and build a stake then i'd hope it would turn out okay. WC
woodcutter
26/3/2014
09:51
It's the planned CAPEX that the market did not like imv. Where is that going to leave net debt?.
essentialinvestor
26/3/2014
09:47
Woody, I agree with your points on the future but in the present it's being de-rated until that future actualises more clearly. Next trading update in June and interims late July. Wonder where the share will bottom out, 230p to 250p, or, 230p to 200p? Consenus EPS: 2014 - 18.59p 2015 - 19.91p
simon gordon
26/3/2014
09:25
While there are clearly problems with destocking and the high inventories and the slowing of growth in the developed world the growth in the new economies will more than make up for this over time. They are committing to significant capex over the coming years which will drive efficiencies. You don't commit this level of capex without some certainty that it will deliver the growth. If i recall from the last results they mentioned that at current exchange rates the profit would have been £5m less but the efficiency saving from new plant would be £8m when it's on line. Exchange rate difference are swings and roundabouts, at some time in the future the reverse will be the case. More important than any of this is the global market value which was reported as £650 million annually, DVO revenue £243 million that's over a third of the market. My reading of this is with that level of market share they can retain pricing power regardless of raw material costs and customer pressure. imv this is a good time to build a stake, take the dividends, whilst the price is depressed and wait for the share price to rise. World population is growing and food needs will expand. That's my long term view. I've begun to build a core part of my portfolio now around food producers and animal feed additives suppliers which i hope will be very profitable over the coming years. aimho Woody
woodcutter
24/3/2014
19:19
it will be to late then... DVO will be at an all time high, Brokers will be upgrading, guests on CNBC will be raving and it will be time to go short :)
el chupacabra
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.
simon gordon
24/3/2014
18:28
funny how markets tend to have an amazing symmetry to them innit
el chupacabra
24/3/2014
18:24
El, Both charts got the same target :-)
simon gordon
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: http://screencast.com/t/IdYy28NC5P0Z 210 and 204 respectively :)
el chupacabra
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.
simon gordon
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
el chupacabra
24/3/2014
09:49
xd 26th march 6.1p WC
woodcutter
24/3/2014
09:03
Is it ex-div later this week? So more falls afterwards?
mali7
20/3/2014
12:58
bought in!
woodcutter
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.
phil140158
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
woodcutter
05/3/2014
22:06
mali7 - I am looking at the 3 year chart.
wipo1
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.
melody9999
05/3/2014
15:06
Free Fall? Any reason for your 220/230p target level?
mali7
Chat Pages: 115  114  113  112  111  110  109  108  107  106  105  104  Older
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