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
  -0.80p -0.47% 168.20p 167.00p 168.40p 169.00p 164.20p 169.00p 1,249,526 16:04:45
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Food Producers 253.4 17.5 7.5 22.4 281

Devro Share Discussion Threads

Showing 2801 to 2823 of 2875 messages
Chat Pages: 115  114  113  112  111  110  109  108  107  106  105  104  Older
DateSubjectAuthorDiscuss
02/2/2017
15:19
group is butting up against its banking covenants and will have to cut its dividend. Slash the divi baby!
opodio
02/2/2017
15:18
Days before, shares in Devro, the Scottish maker of sausage skins, plunged 16 per cent after it warned that its expansion plans were not going well. It seems a new manufacturing plant can’t provide casings robust enough to withstand the way its South American customers boil sausages before cooking. Devro has also lost ground to rivals in other regions and volumes at another new factory in China have not ramped up as quickly as hoped. Analysts slashed pre-tax forecasts for 2017 by nearly a fifth and some worry that the group is butting up against its banking covenants and will have to cut its dividend. It demonstrates the perils of expansion for small businesses operating in highly-competitive but niche markets. Devro turns animal hides into tubes of edible collagen to encase every type of banger, from cabanossi to knackwurst. It has stretched itself across the world, with six factories in Australia, the US and Europe to expand and build state of the art capacity to fend off rivals. It spent £100m on new facilities in the US and China. Analyst Charles Pick at Numis reckons the company’s total capital expenditure on expansion, modernising and maintaining its plants since 2010 is close to £275m. Yet in the past five years pre-tax profits have more than halved and net debt has risen from 0.4 times earnings before interest, tax, depreciation and amortisation to 2.9 times. Devro’s shares have fallen 44 per cent in three years valuing the business at about £300m. Analysts don’t expect much growth in earnings for another two years. What’s to like? Wouldnty want to hold on the next statement This could crash to 120p
opodio
26/1/2017
15:00
Back to 150....
racg
26/1/2017
14:59
Wow..... Just dont look.
racg
26/1/2017
14:59
Wow..... Just dont look.
racg
25/1/2017
11:37
Still zlipping.....
racg
24/1/2017
15:48
Another total hammering.
racg
11/1/2017
07:47
Good update here, pleasing that China showing great growth as this market is key as dvo move from high volume low margin business to premium positioning. Should have greater effect on profitability.
touche
10/1/2017
11:30
useful https://digitaledition.telegraph.co.uk/editions/edition_VzoQA_2017-01-10/data/265827/index.html?share=1&WT.mc_id=tmgapp_inar_share&utm_source=tmgapp&;utm_medium=inar&;utm_content=share&utm_campaign=tmgapp_inar_share&Expires=1486425600&;Signature=TmiQr5dFwq1qFr9HTBG7ZjTiDSAJDvXRGMdD6yDL6kNZQ5uV414IMOwpmS-cFyVCyGILkrywROii5NmFHHTkEgylFK31U5ZqOnugU6T~gOdD~UqJmM~NiW-3K6jyC4jBYki-tMKFNZ0D8cQn37S8ll3Hpngj5egbS4xWJ2Qw~K9xDx3jxOtwPsf1OVniVRerJ7aQ-FIufDC8aqlCRV8vVbufUehrTZJ8k7n9h0gW6fjdikc907fyArDnZUmDqnQ-btEwmAa-TGL8fqDAQDLrMy-gE3pvoKQyjT3WIfJpB9eM~p7PRbICHcp7Taj15I6TJ0MtjtYyfPH9cxx9T4kffw__&Key-Pair-Id=APKAJLCEPDGCTPVKXNOA
phillis
23/12/2016
22:59
Hi all, just to let you know I saw that Shares Magazine has tipped DVO as one of its 'Tips of the Year 2017' - part of their thinking is around a possible takeover which sort of makes some sense. Fingers crossed !! WD.
thewheeliedealer
21/12/2016
12:31
At this rate, I m happy to hold. I was a little histrionic earlier. Quickly amassing losses does that to me.
racg
19/12/2016
11:01
Tree shake
rimmy2000
19/12/2016
09:32
Any idea what's caused this fall?
spooky
19/12/2016
09:26
Mmmm, here we go.
racg
09/12/2016
10:59
OK racg, no prob A bit oversold to be sure Predators no doubt alerted Bought another slug at 152p Needs some positive news before major advancement (and certainly no more missed targets!)
phillis
09/12/2016
10:32
Ok fair enough Phillis, I can see being personally involved would raise your ire with my angry comments. I will try to be a tad more considered and I m encouraged by the recent strength. Though, I m not sure if that is a function of the entire market being so strong or specific sentiment towards Devro. Hopefully, the latter.
racg
09/12/2016
10:10
Right, I respect your opinion.
engineer66
09/12/2016
08:43
Ok let's start again I know a lot about this business and the people The late Chairman was a very close friend and business Associate of mine I remember when he recruited Peter Page I repeat management have if any thing been over ambitious e.g with the qualification time and requirements for Latin American customers
phillis
08/12/2016
14:49
Having read back my posts, I accept I have left a number of bilge posts, mostly out of frustration as each top up I made, promptly went underwater. Fingers crossed we have hit the bottom and management can instil some optimism about the future.
racg
08/12/2016
10:45
It is complex business in terms of geographic locations and different market requirements, but that is what management is paid for- to execute efficiently. From memory DVO's main competitor was mentioned in the FT article and having looked at their 5 year record it highlights large Devro underperformance. Not sure why DVO is mentioned re Cranswick as very different, think the FT was pointing to the differing capital allocation returns.
essentialinvestor
08/12/2016
09:27
Phillis, in fairness the huge CAPEX spend over the last few years has not exactly produced the desired result, and significantly geared the balance sheet. The FT article was a pretty fair if damning assessment imv. Chairman's latest buy is perhaps more an amount I would take notice of, DVO worth more to someone else?. Have followed DVO since the mid 90's through intermittent boom and disappointment periods, you may be aware of the longer term history.
essentialinvestor
08/12/2016
09:19
sufficient enough for you to spend time on BBs what a laugh
phillis
08/12/2016
09:13
I do not need to work in an international business the national business I own is quite sufficient for me and it manages to meet its targets and not over promise, under deliver and make progressively less profits every year. Apologists like you for failure are the sort that inhabit remuneration boards much to my annoyance
racg
Chat Pages: 115  114  113  112  111  110  109  108  107  106  105  104  Older
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