Devro Share Discussion Threads

[matt123d] 22/12/2010 23:08

Nice consolidation above the 50dma and moving back above the 5dma, good chance of this turning tomorrow. Would expect some supply in the 260p region then a move to new highs and 300p if that's broken.

[killieboy] 22/12/2010 16:31

My average now 174p - would normally have banked profit by now but holding out as I also believe 300p will be breached Q1 11 - we shall see.

[sttrader] 22/12/2010 12:42

I have held this share since the last full year results in February and have heard nothing but good news since. Forecasts are good and Devro seem well placed to take advantage of the growing demand from other parts of the planet.
I would expect (or at the very least hope) for the shares to be over 300p when results are announced next February. I would be tempted to buy more on any price dips rather than think of selling.

[xandeebee] 21/12/2010 22:56

The fundamentals are still there and with emerging market countries adopting a western diet Devro is an attractive place to be.

Buyers have recently been willing to pay up to 275p and given no recent news has been released, I personally take this to be nothing more than a spot of pre Christmas profit taking. After all, Devro has been named amongst the 'best performing stocks of 2010' by several top managers.

Anyone else care to share their opinion?

Xand

[phate1313] 20/12/2010 22:11

It's fighting to stay above 250p. I hold a huge long position with DVO but today I almost shorted with the target 140p. It might go down a little this week with traders closing their positions for Xmas. If it holds, I'll buy more. All the best everyone.

[xandeebee] 20/12/2010 17:43

Great to see some buying going on today lets hope for a good week.

[phate1313] 17/12/2010 16:18

A 30 point pull back. This is being sold to death.

[xandeebee] 01/12/2010 14:10

Praise for Devro:

"Some of Leates's favourite stocks with growing emerging market exposure include Domino Printing, a manufacturer and supplier of industrial ink jet and laser printing equipment. She also highlights Devro, a sausage-skin maker, as a company to keep an eye out for.

'Devro is now quite big and it's grown fantastically over the past 10 years in the West. It is now becoming a big business in the Far East as the emerging market populace adapts to a more Western diet. It also has great management,' she said."

Quote taken from:

[melody9999] 01/12/2010 11:38

general market weakness IMV. think it would correlate well against FTSE movement

[nivensxx] 01/12/2010 10:30

Was the setback of the last few days due to the weather affecting the logistics and distribution network?

[xandeebee] 30/11/2010 15:57

Anyone considering topping up after today's setback? Seems like an attractive price!

[phate1313] 30/11/2010 07:49

Except bacon prices rising, no I don't :) Good luck to all. My target remains the same : 350p

[killieboy] 26/11/2010 19:01

phate1313 - 50% of portfolio, very brave indeed or do you know something we do not!!

[xandeebee] 26/11/2010 17:32

Cracking day for Devro! 300p next week please!

[matt123d] 26/11/2010 16:17

Great performance, looking for 300p from this move.

500p medium term target.

[phate1313] 26/11/2010 12:24

Smashed 262p resistance and it looks like it will hold. On no news at all. Imagine what will happen in February when the results are announced. It's my largest holding. 50% of my whole portfolio. All I do is keep topping up. Good luck to all.

[killieboy] 24/11/2010 15:56

Can anyone call the top on this one? !!

[matt123d] 17/11/2010 16:00

Firm today, looking good.

[felix99] 12/11/2010 12:44

I tried to buy in auction at 216 and missed it last week I think it was by about a penny . Sadly then watched it rise but didn;t buy bah !

[essentialinvestor] 12/11/2010 11:20

Well done to those who bought the dip, very nice result.

[matt123d] 12/11/2010 11:07

Panmure raises to buy from hold

[phate1313] 04/11/2010 20:59

And here I was all lined up to top up tomorrow at £220 :)

[xandeebee] 04/11/2010 14:36

About time!

[essentialinvestor] 01/11/2010 21:44

I had not realised the pension liability was that size.

[simon gordon] 01/11/2010 20:40

TRADER TALK

Dave Campbell, Citywire.co.uk

Artemis stock selector Tim Steer has ramped up his exposure to food casings and collagen manufacturer Devro from 15.82 million shares to 16.74 million or 10.23% worth £37.66 million.

The shares are held in his Artemis Growth fund, as well as a number of the company's other portfolios.

Steer uses a fundamental company analysis, ranking cashflow, earnings and growth. He also uses balance sheet liabilities as a core indicator.

The company last week reached an agreement with pension scheme members to cut its liabilities by £19 million, or around 8%. The company, which primarily manufactures sausage casings, offered to continue with its defined benefit scheme but to cap future increases to 1%.

In an interim statement issued at the same time, the group said that trading remained in line with expectations and that it would invest around £30 million in manufacturing capability this year.