E2V Share Discussion Threads

[dasv] 25/7/2012 21:34

P&F theory says ignore targets in the opposite of the trend. With a 2x3 box size we have 88p but also 153p, 238. With a 1x3 box size, the 123p target has been hit.

With respect to the 2x3 chart, you could say 153p was not quite hit so it indicates the buyers were not strong enough. 238 looks pie-in-the-sky right now. That leaves 88p. But this looks unlikely too because 1: the current share price is previous resistance, and 2. the weekly ichimoku cloud support is at this level.

Question is - what is the UNDERLYING trend? I still think it looks like a bullish trend but the recent move is testing that bullishness.

[simon gordon] 25/7/2012 07:08

Sense some downgrades for future years coming, with a good chance of a profit warning in the next update.

"In industrial processing systems, we are continuing discussions with our strategic partner Rio Tinto, to support the development of larger RF/Microwave generators for use in copper recovery. The vermiculite system continues its extended field trials, though certain technical challenges remain unresolved."

[matt123d] 19/6/2012 09:37

Rated new Buy at Fairfax - Target of 160p.

[matt123d] 11/6/2012 09:38

Receiving some interest above 140p, maybe last week's volume has cleared the seller.

[steve243] 24/5/2012 10:21

Very interesting audio interview with CEO about results -

[simonh88] 21/5/2012 18:19

I missed out on this at the turn of the year and I've kept my eye on it since. The results and statement are steady rather than spectacular, but I like steady growth companies.

I was hoping for it to hit 1.20 before I dive in. We shall see

[simon gordon] 21/5/2012 15:47

IC -

e2v set for growth

By Malar Velaigam, 21 May 2012

Semiconductor maker e2v Technologies is looking leaner and fitter after having completed a strategic rationalisation. The group also grew underlying sales by a robust 10 per cent in the year – yet its shares trade at a discount to the sector average.

The group has also agreed the disposal of three non-core businesses for £14.7m and this, combined with impressive cash generation, is helping to cut borrowings. Accordingly, analysts at Investec Securities expecting e2v to become "near cash positive" by the end of the current year.

Divisionally, meanwhile, sales at the core RF power solutions unit have stabilised, growing 5 per cent to £86.1m, while revenues from the high reliability semiconductor unit rose 8 per cent to £67.5m.

The group has also been working to widen its geographic footprint, with more than half of sales now being generated outside of Western Europe. Sales in Asia Pacific grew 13 per cent to £34m, while revenues in North America rose 8 per cent to £82.7m – that more than offset contractions in Europe. Although tougher comparatives did mean a 6 per cent fall in sales at the high performance imaging unit.

Investec expects 2013 pre-tax profit of £40.6m, giving EPS of 13.5p (2012: £39.4m/13.4p).

IC VIEW:

With the restructuring now set to bear fruit, e2v's shares – trading on 10 times forecast earnings – look too cheap, compared with an average sector rating of about 14 times 2013's earnings. Moreover, the dividend is rising solidly, providing an increasingly attractive yield. Buy.

[nermil] 17/5/2012 11:21

@PJ1

I assume that was directed at me

So read my actual comment!!!!!!!!!!!!!!

"But I ASSUME these were loss making operations?????????"

Note the ???

[pj 1] 16/5/2012 20:33

Read the statement, they were not loss making operations, just ''non core''......!!!!!!!!!!!!!!!!

[nermil] 16/5/2012 13:54

Total sales for these three combined business areas in the year to 31 March 2012 were GBP14.8m

That being said, maybe its the low price the business went for, pretty much 1:1 with revenue. But I assume these must have been loss making operations? Paying down debt isn't a bad move albeit possibly more conservative than some might like. In this market, conservative is prudent.

[nermil] 16/5/2012 13:51

@Simon. I completely agree. I saw that at 7 this morning and thought if anything it might bump up the share price today or at least hold it steady given the disaster in the wider market. I don't frankly see how reducing exposure to a non-core business in Europe is anything but a good thing.

[matt123d] 16/5/2012 10:23

Right on the bottom of the upward trend channel here. Quite a few stops were positioned just under 130p.

[simon gordon] 16/5/2012 10:19

Some desperate sellers here today.

The sale of the sensor division looks like good business.

[simon gordon] 16/5/2012 08:23

Levels of Daily support:

~134p - red line (Tenkan Sen).
~132p - top of the cloud.
~127p - bottom of the runaway gap.

[proj] 11/5/2012 00:07

I've seen word of a divi of 3.4p, and going ex-div on 6th July (on an ADVFN competitor).

Anyone know any different?

[proj] 03/5/2012 22:52

No one knows about the divi, then?

[proj] 01/5/2012 21:43

Is there a divi this year? Can't see any mention on E2V's website. Cheers all.

[matt123d] 27/4/2012 20:52

Was major resistance at 145p, still demand there on the book.

[simon gordon] 27/4/2012 19:19

Couldn't close and break above resistance for two trading days, printed a bearish reversal Dark Cloud Cover candle at resistance, looks like it might retrace to either:

~Fib 61.8% = 137.9p

~Fib 50% = 133.8p

~Top of the Runaway Gap




Certainly a good top up point if it retraces.

That Update was a corker.

[proj] 27/4/2012 11:05

PJ, no worries.....I was only mucking around.

I do think sellers will regret it though.....this is £2 bound, IMO. GL.

[matt123d] 27/4/2012 10:50

I think emotionally you regret selling too early as opposed to selling too late! Obviously that's provided the price goes higher.

Holding above the 5dma, 150p being the level to break now.

[pj 1] 27/4/2012 10:17

Apols Proj, didnt mean it to sound so abrupt!!!

[proj] 27/4/2012 09:42

That's me told.

PS.......... E2V up another 2.5% so far today.