Devro Share Discussion Threads

[idioterna] 05/11/2003 16:59

That's the move we've been waiting for. Looks like somebody has decided to convert their dividends into shares. Next stop 86p.

[shuisky] 05/11/2003 16:44

Are we going to kiss goodbye to 82p now?

[besbury] 05/11/2003 14:14

Seeing those two 50k mm buys I attempted to buy an additional 10k. Guess what, those crafty beggars would not give me an online quote until I reduced right down to 3k.

[besbury] 04/11/2003 18:03

If anyone was off-loading I would have expected a fall in the bid at least!

Can you explain the difference between a "X" Market Cross and a "B" Broker to Broker trade.

Another tidy buy of 89,875 at the close.

[idioterna] 04/11/2003 17:15

Last x-trade was interesting. 2 x 500k buys by an mm are quite a stake. Doesn't look like someone'e off-loading, but you can never tell.

[idioterna] 04/11/2003 14:19

Those crosses were probably just mm's trying to stir up some action by pumping volume to 1m. I used to use volume signal as an "alarm-call", but too many mm's have sussed it.

Immersion in BP has indeed been an unpleasant experience. Overleveraged myself having never considered the Putin factor - silly, silly, boy. Got out of jail by the skin of my teeth. Just approaching breakeven now.

[besbury] 04/11/2003 13:57

Being "immersed" in BP sounds rather unpleasent, if not painful. Smelly stuff oil, oilthough it depends I suppose if it is crude or refined:-))

What do you make of the two large market crosses this morning in DVO.

[idioterna] 04/11/2003 12:51

Hallo Besbury,
Good to see you making an effort. I'm still holding but don't expect much movement until next year. But I do have an "alarm call" set-up if they should drop below 76p again.

Rather immersed in BP at the moment, generating far too much excitement for my liking.

[besbury] 04/11/2003 06:42

In an endeavour to keep this BB ticking over, even though there has been no ticking to the share price this past four trading days, I have been trawling the depths and found the following from unamed analysts.

....................Analysts Recommendations and Revisions......................

....................Current...As of 4.........As of 8.........As of 13
..............................weeks ago.......weeks ago.......weeks ago

Buy...................2........1...............1.................1

Outperform............2........2...............1.................1

Hold..................1........1...............3.................3

Underperform..........0........0...............0.................0

Sell..................0........0...............0.................0

[the analyst] 27/10/2003 00:38

I think many countries don't enjoy crackling Besbury - Just can't seem to buy any Pork with the skin on in France, and even at home I find it more and more difficult to buy 'rind-on' bacon these days - perhaps thats due to Devro!

[jangaman] 26/10/2003 20:50

i see the big boys have been offloading recently. I wonder why?

[besbury] 26/10/2003 16:23

I agree entirely analyst.

I believe I am correct in thinking the price needs to get to about 160p before re-entry to the ftse 250? Once this is achieved it would not take long to reach the price range you mention, as the tracker funds would have to buy.

There is one thing that puzzles me with regard to an adequate supply of the raw material being available for production porcine collagen. Bearing in mind that beef animals are skinned before the carcases leave the abattoir for the butcher, leaving an abundent supply of beef based collagen raw material. However, the opposite is true for pigs. Most pork is sold with the skin attached, that delicious crackling!!:-}}

[the analyst] 26/10/2003 15:45

Yes it is strange that they aren't recommending a buy. I certainly plan on keeping mine for the mid-term purely on the dividend.

One thing I have noticed from the results is that they didn't manage to pay off much debt this time around compared to the results reported in March. One reason for this is they needed to rebuild inventories. Inventories had previously been run down in the period reported in March which made the profit artifically high.

I still beleive that the next results will show a great improvement over September's interims with a much higher dividend and reduction of debt.

I also expect to see the porcine collagen products coming through and perhaps make this a growth stock as well as being a high dividend stock. If this happens we shuold see a breakthrough of the 90-100p range and from the charts there is no resistance until it gets to the 200-300p trading range it was in before. It is possible we could see those levels in 18 months time if momentum builds up.

[besbury] 26/10/2003 11:00

All these recommendations - is it time to sell?!?

I know what you mean analyst, but I intend to hang in there for a while yet. It is odd however, that none of the three Brokers covering DVO are at this moment recommending a buy. I am not sure what the House Brokers rec is at this time.

Broker..................Date.....................Rec

Panmure.................15.10.03.................Neutral

Oriel Securities........06.10.03.................ADD

Aitken Campbell.........29.09.03.................Hold.

[the analyst] 25/10/2003 22:33

All these recommendations - is it time to sell?!?

[extrader] 25/10/2003 17:36

DVO rec'd in October's "Momentum Investor" and by Jim Slater in a recent conference (per Motley Fool bulletin board)

[idioterna] 25/10/2003 12:19

Interesting, on that basis my BPs should head north soon, but to those of us who've held Devro this year, not suprising. ;-)

Have a good weekend Besbury.

[besbury] 22/10/2003 16:02

Further to my post 1384.

Idioterna: You will see from the reproduction of the post by Lazy M that Jim Slater made two buy recommendations. Another poster enquired what the other rec was and LM replied that it was CKN.

Now you can go ahead and enjoy your holiday.

Regards

PS. I have just been reading our local newspaper and see that next week is "National Sausage Appreciation Week"

[idioterna] 22/10/2003 12:21

Good to hear, I was considering halving my exposure yesterday. These look like they'll tread water at best until february but I can't really be assed to try and trade in and out between now and then. These CKN & BP are now my core holdings.

Too cold for golf here so I just booked a couple of weeks in Phuket for me and the family. Decided to stay at Blue Canyon and take the Tiger challenge. ;-)

[besbury] 22/10/2003 06:33

Reproduced from a posting by Lazy M, on the Ample BB.

For the record, last week,I attended a seminar at the Royal College of Physicians organised by HS Financial Publishing.

Jim Slater gave a talk and he made just two recommendations to buy - one being Devro. So, at least we are in good company. His reasoning was that it was definately a recovery play with sound ratios throwing off cash.

So at least if I am wrong about Devro I am in good company.

I expect good numbers in March and reckon the shares will go to over £1 by then.

In a commodity market such as this, being market leader and with a significant new product in pork collagen the downside certainly looks limited.

Lazy M

[besbury] 14/10/2003 16:55

A miserly move in the price, bearing in mind the ratio of B/S trades favouring the buys by a large margin. Looks like a lot more institutional buying and two less than informative RNS notes this afternoon.

Where I wonder are all these shares coming from? Are mms likely to have been holding so many on their books? Looks like one at least is now having to buy a few to keep going!

[besbury] 13/10/2003 16:12

I agree that five hour rounds are far too long and is the reason I no longer play in PRO/AMS. We manage 2bs in 2.75hrs and 4bs in 3.5 to 3.75 which is comfortable. Hey, thats enough of the "old boy" : I may be a pensioner but still 28 years younger than our neighbour, although she don't play golf anymore!!

[idioterna] 13/10/2003 15:36

:-) Nothing against pensioners old boy but I do think 5 hours is too long to spend on a round when you're under 60. My partner was 67 and he was even quicker than me. Far too much faffing around on the tee nowadays.

Vis a vis Magnier & Man Utd - I thought that he would be selling up a portion of his stake following the last dividend. I was wrong. In fact he might have picked up a few more. I don't think he's hard up for cash so I don't expect to see any selling from Acomita.