Vale Int Share Discussion Threads

[rainmaker] 13/6/2007 13:01

One of the top five fastest growing CAM companies!

regards

[rainmaker] 13/6/2007 12:59

Hi Tole-there are no forecasts for next year because the House Broker,Blue Oar don't produce them!Incredible but true!

regards

[tole] 13/6/2007 11:56

Yes nice update today.
Good to see them highlight the CIMdata report too (Post 598)

Full CIMdata summary here -

[cockneyrebel] 13/6/2007 11:29

Are these cheap or what?

PE of 8.4 for this year and the company have just come out and said this:





"RNS Number:2776Y

VI Group PLC

13 June 2007

VI Group AGM results and Trading Update ("VI Group" or "the Group")

At the Company's Annual General Meeting held earlier today, all the resolutions were duly passed.

We are pleased to report that current trading is in line with market expectations. The extended product line following last year's acquisitions has provided further impetus to worldwide sales. According to the latest report from independent sector analysts CIMdata, VI Group are now one of the top ten CAM vendors in the world and in the top five in terms of growth.

The integration of Italian software company Plastics and Computer International Srl and UK software developers Camtek Ltd., both of which we acquired last year, continues to progress well.

We are also pleased to report a positive reaction from clients to the Camtek acquisition, who have welcomed VI Group's greater presence in the Computer Aided Design production market. "

[tole] 12/6/2007 17:12

Thx LPF..that all I have too.
Would have thought BlueOar must have at least updated 2008 estimates, unfortunately havent got their note...be interesting to see what they are forecasting ahead here.

[lpf] 12/6/2007 16:54

According to Digital Look, the only company covering VIG is Blue Oar Securities, and it has forecasts only for 2007:
Turnover £13m (down from £14m 3 months ago)
EPS 2.07p (up from 1.82p 3 months ago)

[tole] 12/6/2007 16:25

No problem Rainmaker.
Maybe see a bit of price-action tomorrow on the back of the AGM?

Out of interest - anybody have forecasts for 2008/9e at hand?

[rainmaker] 11/6/2007 12:59

Many Thanks Tole- IMHO Techinvest definitely one of the better Newsletters/Tip Sheets.Recent share price drop is rather disconcertingly but as Ben Graham once said along the lines of "let the Company's underlying fundamentals as dictated by Earnings, Assets etc and not the share price act as your guide to value".Wise words indeed. AGM on Wednesday


regards

[tole] 10/6/2007 17:08

Small recap off Techinvest's May summary - downloadable off their Sample copy from their website...

VI Group 18p
VIG; AIM, Tech Software & Services

2006 was another busy year as the product line was expanded and additional sales outlets added, notably in Japan and Italy. Two acquisitions made during the year both contributed positively to both sales and profits. The SMIRTware
acquisition from 2005 resulted in a number of new products that were readily adopted by DaimlerChrysler and Ford as part of their efficiency drives.

Sales for the twelve months to December 31 rose 8% to £11m. Existing customers accounted for 63% of the total. Profit before tax and goodwill amortisation was up 38% to £1.1m, giving earnings per share of 2.0p, compared with 1.5p the previous year. Operating cash flow was £0.3m, leaving net debt of £2.3m.

Once again, sales in Asia were strong, particularly Japan where the manufacturing sector staged a recovery. North American sales also grew well, while sales in France, Germany and the UK were robust. Italy, the Company's
largest European market, suffered due to prevailing economic conditions.

Shareholders can look forward to another year of expansion into a range of new sectors as the Company continues to pursue bolt-on acquisitions. The shares are now at a new three year high. Hold for further gains.

[tole] 07/6/2007 09:56

Would have though Noble would be looking to take advantage down here too since they have recently come onboard...


Shrewd Snapshot - April Review
Citywire takes a look at some of the eye-catching stockmarket deals last month.

The Noble venture capital trust (NBV) (VCT) has disclosed a significant interest in software supplier VI Group (VIG).

The VCT, which is run by Charles McMicking out Noble Fund Managers, owns 1,330,233 shares, representing a 3.57% stake in the £6.5 million firm.

The disclosure comes after strong trading year for VI. The group's full-year pre-tax profits jumped 57% year-on-year on the back of an 8% rise in sales.

The group attributed the impressive numbers to its acquisitions, which helped offset weakness in the dollar and yen.

VI said it remains on the acquisition hunt as it strives to expand into new sectors.

[tole] 07/6/2007 08:25

Well a 50% retracement from the start of its move up last year from circa 10p and now looks to be bouncing around the up-trend line which coincides with that retracement level. Well oversold on the RSI too.

[tole] 06/6/2007 20:49

Well no real volume showing in the trades data to warrant such a drop imv.
Especially as we are now trading below where we were after the excellent results announcement -


"VI Group PLC posted a 57 pct increase in full-year pretax profits as sales grew 8 pct, boosted by acquisitions and despite a weak dollar and yen.
The CAD/CAM software supplier reported a pretax profit of 0.9 mln stg for the year ended Dec 31 compared with 0.6 mln the year earlier, as sales rose to 11 mln stg from 10.2 mln. On a constant currency basis, sales rose 11 pct, the group said.
Chairman Stephen Palframan said the group is looking to expand "in a range of new sectors""

"Buyers came for VI Group, 1-1/4 pence better at 16-1/4, after the international supplier of CAD/CAM software disclosed bumper full-year numbers"

Heres the significant trades (If you'd call them that) going back circa a month to when the share-price was trading @ 22p

25k sell today
25k sell 4/6
10k sell 1/6
10k sell 29/5
20k sell 23/5
25k sell 22/5
11k sell 22/5
18k sell 18/5
10k sell 16/5

Well the total of about 150k is only really about £30k in monetary terms and has taken off over 25% of the companies value.

Now trading on 2007e PER of just 8.

[its the oxman] 06/6/2007 14:42

bought an initial tiny holding - will hopefully look back and wish i bought more

[tole] 06/6/2007 14:41

Rainmaker - do you have a copy of the BlueOar note by chance?

[tole] 06/6/2007 14:12

Yep just looks like theres been a seller of a few of late. 25k sold monday and another today at a discount. Obviously knocking the price. Reckon these offer decent value at these prices.



"Even though there have been a number of recent mergers and acquisitions, the CAM software market continues to be highly fragmented and competitive," said Alan Christman, CIMdata chairman and primary author of the report. "There is no single vendor or small group of vendors that dominate the worldwide market."

"The 2006 leading vendors on the basis of CAM revenue received were Dassault Systemes, UGS PLM Solutions, PTC, Delcam, Planit Holdings, NDES (formerly Hitachi Zosen Systems), Tebis Software, Missler Software, CNC Software and Vero International. Dassault Systemes and UGS PLM Solutions were the clear leaders with nearly identical revenues and a combined market share of 27.3%. The remaining eight vendors in the top 10 had a combined market share of 39.3%, and the remainder of the vendors below the top 10 had a combined market share of 33.4%."

"The five most rapidly growing CAM software vendors worldwide on the basis of revenue received in 2006 were Planit Holdings, Delcam, SolidCAM, Vero International and TekSoft. Planit Holdings, Delcam, SolidCAM and Vero International each achieved revenue growth in excess of 30% in 2006, as compared to 2005. However, the report notes that recent acquisitions significantly impacted the growth at Planit Holdings, Delcam and Vero International. Over the past five years, SolidCAM has been the consistent growth leader with annual growth rates in the 30% range."

[lpf] 06/6/2007 14:01

reason for the fall: a higher volume of selling than buying. (edited to remove ambiguity)
Reason for that ... dunno. Hopefully, neither do the insiders...

[its the oxman] 06/6/2007 13:59

reason for fall anyone? just illiquid i suppose.

[lpf] 06/6/2007 13:43

close period before what? (by presentation, are you referring to the Chairman's AGM statement?)

[tole] 06/6/2007 13:43

Hello...Bargain time down here then :)

[rainmaker] 06/6/2007 13:34

Note that we've had a 50% retracement so assuming it will start moving back up then on a measured move next stop 28/30p.Company's AGM next Wednesday and although they will not be able to talk about current trading because of the close period, the normal presentation should go down well

regards

[rainmaker] 06/6/2007 13:27

Should be the bottom-assuming that we can apply a multiple of just 8.5 times for a no growth Company as per Ben Graham then 8.5 x 2.06-I'm using prospective EPS as Camtek was a major acquisition in Dec 2006 and made an operating profit of #800k in the previous year and as very much in the same business unrealistic to consider that any problems.

Very surprised by the sell off but in a very thin market,support CR's theory in post 589-also reminded of Warren Buffett's saying that the stockmarket acts as a relocation centre where money passes from impatient to patient hands.

regards

[tole] 06/6/2007 12:03

Cheap on revised EPS of 2.07 for 2007e - PE of just over 8 :)

[lpf] 06/6/2007 11:56

Looking for a bounce off that 9 month supporting trend line, round about now...

[cockneyrebel] 05/6/2007 08:06

What a nice dip to buy on perhaps - bored punters selling - that's the time to be for me.

CR

[rainmaker] 21/5/2007 13:38

After the recent steep rise VIG is pausing for breath.Looks very much that a "Flag" is forming on the Chart and that next move will be to 27/28p.Bull Flag formations occur after a steep and sharp one day rise then the price moves down whilst consolidating and unwinding its overbought position. Time will tell, would not discount further slight weakness in the very short term

regards