Eurocell Share Discussion Threads

[disc0dave45] 16/9/2022 10:58

Oops Wrong board! :)

[disc0dave45] 16/9/2022 10:33

Looks like it. Bottom can't be too far off now?

[currencytrader1] 09/8/2022 07:52

A couple of big sellers getting rid here...

[gilesy] 18/3/2022 09:27

excellent set of results
very happy to hold these shares which look undervalued to me

[scepticalinvestor] 18/3/2022 07:55

Not bad. 250 open?

[km18] 16/2/2022 18:13

...from last year...

Eurocell plc is a market leading, vertically integrated UK manufacturer, distributor and recycler of innovative window, door and roofline PVC building products. Performance is rebounding solidly from Covid, forward guidance was revised up today. Growth should remain decent, valuation is decent, returns should be decent aswell with share price set to push up to new record highs. Buy at current spot 279p and hold for a couple of years up to 400p area as recovery extends.

ECEL today published a solid set of H1 results. Revenues rebounded strongly in H1 to £168.1m, up 80% from Covid-impacted H1 2020. But performance was also solid relative to H1 2019, up 23% on the £136.3m recorded a couple of years ago. Commercial performance has fully recovered from Covid and top line business is kicking on healthily....from WealthOracleAM

[tomps2] 30/9/2021 07:54

Iain Staples mentions Eurocell (ECEL) at 15m03s in the latest PIWORLD interview

Watch the video here:

Or listen to the podcast here:

[2breakout] 07/9/2021 10:55

Didn't know too much about these, but been looking at their website. Seems they have products that i keep seeing going up around where i live. Multi year breakout possible?

[mach100] 13/8/2021 14:59

Any resin for the fall here?

[edwards9] 16/3/2021 12:39

More also during the Q&A 46min:2021 Expecting to maintain Gross Margin 50.5 to 51%. Also ECEL expect PVC resin prices to fall later this year.

[edwards9] 16/3/2021 11:32

Yep, on the results audio ( 3.45 min) they confirmed that surcharges are being applied to every invoice.

[pj84] 14/3/2021 17:50

The following is from the results and whilst there might be some increase in input costs all of Eurocell's competitors will be in the same situation and either they will all go bust (which isn't going to happen) or increases in input prices will have to be passed on which they are staring to implement.

"BREXIT AND SUPPLY CHAIN

We took several steps to protect the business from the potential negative effects of Brexit. In this context, it is worth noting that over 95% of our sales are to UK-based customers and that the vast majority of our workforce has the right to work in the UK.

Some of our key raw materials do originate from Europe, so any disruption in supplies could impact our manufacturing operations. With that in mind, whilst we have only limited capacity to hold additional raw materials at our own sites, we completed a significant investment in additional stocks in 2019, adding c.GBP5 million to finished goods for key product lines, most of which remained in place throughout 2020.

Now that the nature of the future trading relationship between the UK and the EU has been substantially defined, the risks relating to the imposition of import tariffs are largely behind us.

More generally, whilst the impact of increased demand, supplier production outages and new administrative requirements for EU imports have together put sector supply chains under pressure, we have continued to secure the raw materials we require. So far, we have not experienced any significant adverse effects from the delays at UK ports.

However, PVC resin prices began to increase towards the end of 2020 and this trend has continued into the new year. We are therefore implementing selling price increases, starting in February 2021, to recover this and other cost inflation."

[bingothevandal12] 14/3/2021 08:34

Extra PVC spend adds > £2.5M to their cost of sales in Q1 and an extra £1.5 -3M in Q2 due to other increases.

[dope007] 13/3/2021 08:47

UK/Europe PVC is up around 50% and shortages for anything out of China is simply getting worse. with no end in sight. April/May if they haven't said anything and the stock price remains high....

[bingothevandal12] 13/3/2021 05:19

That is Far East .They probably do not buy PVC from this market. You want to read Europe and NA / LATAM forecast. Makes your colleywobbles wobble.

[bingothevandal12] 13/3/2021 05:16

The raw material shortages and linked price rises plus ancillary costs will continue to rise until at least beginning Q3. Unless they hike share price by 20-30% there will be a significant effect on EOY profitability.

[dope007] 12/3/2021 08:55

hTTps://www-argusmedia-com.cdn.ampproject.org/v/s/www.argusmedia.com/en/news/2189864-chinas-pvc-prices-surge-on-supply-tightness?amp_js_v=a6&_gsa=1&=1&usqp=mq331AQHKAFQArABIA%3D%3D#aoh=16155390998912&referrer=https%3A%2F%2Fwww.google.com&_tf=From%20%251%24s&share=https%3A%2F%2Fwww.argusmedia.com%2Fen%2Fnews%2F2189864-chinas-pvc-prices-surge-on-supply-tightness

[dope007] 12/3/2021 08:44

I should add I said expect results to be fine but since Jan it's a mess for the whole industry

[dope007] 12/3/2021 08:43

They are real and they have not mentioned them. Look up PVC price if you don't believe me. If it carries on for a few more months they will have no choice but to inform the mkt imho

[bingothevandal12] 12/3/2021 08:31

When all your raw materials are increasing by up to 60% and your sales price is only up 10% so the maths

[spooky] 12/3/2021 08:19

Looks as though you have read this one wrong Dope007.

[dope007] 10/3/2021 23:07

Results for the year should be fine. Since January though is a whole different story is my expectation for tomorrow

[dope007] 05/3/2021 10:01

FY results 12th March. Tempted to go short ahead of them

[bloomberg2] 15/1/2021 07:48

Should get a nice pop at the open