Vale Int Share Discussion Threads

[cockneyrebel] 02/8/2007 11:25

PE just 8 and results in a month.

Has the market missed this one or what?

Bet they wake up when the results come out with the co already saying they are in-line just in June.

CR

[tole] 01/8/2007 09:09

Thanks - reads much better than the one they released!! - especially the bit about Italy being slightly ahead....

"We are pleased to report that current trading is in line with market expectations. Italy, which is responsible for over a third of Group revenues, is slightly ahead of budget in the first half. All other regional operations are performing to plan."

[smarkmmm] 31/7/2007 19:02

A slightly different AGM statement is posted on VIG's website:

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. Italy, which is responsible for over a third of Group revenues, is slightly ahead of budget in the first half. All other regional operations are performing to plan.

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, particularly the creation of a single UK sales and development team.

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.

Enquiries:

VI Group 01453 732 900
Don Babbs, Chief Executive
Julie Randall, Finance Director
Gresham PR Ltd 020 7404 9000
Neil Boom

Blue Oar Securities plc 0117 933 0020
Mike Coe

Information on VI Group can be accessed via the Group's website:

[tole] 18/7/2007 08:19

A bit further info on the US business from the newsletter out the last few days....



Acquisition of Camtek North America Inc and VISI US.

VI Group are pleased to report that they have consolidated their efforts in North America to advance, still further, the presence and distribution in North America. Firstly with the acquisition of Camtek North America Inc. ("CNAI") and secondly with the acquisition of VISI US, a joint venture that was started in the USA to broaden the dealer base for VISI products. In total these agreements will add 7 experienced people to our North American team.

Camtek North America Inc. distributes and supports the PEPS branded software products of Camtek Ltd, a software developer VI Group acquired in November 2006. PEPS is a suite of specialist engineering software with built-in CAD drawing tools for the design of geometrical models. It is used extensively in a number of production technologies including laser cutting, wire Electrical Discharge Machining (EDM) and Computer Numerically Controlled (CNC) turning and milling machines.

Founded in 2004 to support the growing North American user base of Camtek's PEPS CAD/CAM applications, CNAI has developed a strong focus on the complex Wire EDM machining market, and has established partnerships with some of North America's largest machine tool suppliers.

CNAI has also built an enviable user base which now includes such household names as Harley Davidson, GE Aircraft Engines, Hutchinson Technology, Smith & Wesson, Gillette, Xerox and Trumpf served from its offices in Atlanta, Chicago and Detroit.

Don Babbs, Chief Executive of VI, says:

"This acquisition boosts our presence in North America adding further distribution on the East Coast and the Mid West, as well as complementing our existing presence in the heart of the automotive sector in Michigan. Coming on the back of our acquisition of Camtek Ltd at the end of 2006, the CNAI acquisition gives us increased distribution in one of the world's major markets as well as close working partnerships with some of the most advanced machine tools companies."

Alan Weeks, President of CNAI, comments:

"We are very pleased to be a part of a company which shares our strong commitment to customer service. By joining VI Group, we can offer a broader range of products across a much wider number of market sectors."

[rainmaker] 17/7/2007 02:06

As per previous post-No correction!

regards

[rainmaker] 02/7/2007 18:35

If anyone wants to send an e-mail to Shares Magazine re their mistake in current week's cover story about prospective p/e being 12 times when it should have said 8.5 their e-mail address is [e-mail] the House Broker produces forecasts for VI Group

regards

[tyranosaurus] 02/7/2007 17:56

Little - yes
Nice - yes

[cockneyrebel] 02/7/2007 14:19

Nice little acquisition - should boost sales and reduce the PE to an even lower figure than the current hideously low one imo.

CR

[tole] 29/6/2007 09:27

Yes a good article...'Cheap as Chips' as the header says :)
Some good stocks highlighted in their 25 cheapest shares on the stock-market - all offering 'sparkling growth potential at bargain prices'.

Just as you say a shame they got the PER wrong based on 2.06 EPS

Anyway share price perking up a little L2 2v1 17-17.5

[rainmaker] 28/6/2007 13:39

VI Group gets a buy recommendation in Shares magazine, out yesterday-they say that the recent sell off in Company's share price caused by ''market wobble'' looks to be a good buying opportunity especially after an upbeat AGM statement.They continue that recent acquisitions have enhanced the Company's geographical reach and product range.They add that recent additions have bedded down well.

Only gripe I have with the article is that they say at current levels the prospective p/e is just under 12 times when regular Contributors here know that the prospective p/e is just 8.50(17.5 p offered divided by 2.06 prospective 2007 earnings). A careless mistake when they have got the historic multiple of 11 times correct and they state that earnings are forecast to increase by a third(which is correct)

regards

[rainmaker] 18/6/2007 13:14

Thanks Valhamos

regards

[tole] 18/6/2007 09:39

Valhamos - Yes thx for the update on the AGM. Intersting points regarding expanding their N America sales.

[westcountryboy] 17/6/2007 23:05

Thanks for this - very good to get some feedback!

[valhamos] 17/6/2007 21:41

I attended the AGM last Wednesday. The impression gained was one of quiet confidence which was confirmed by the RNS release read out at the end of the meeting.

Some notes from the presentation:

Sales to Japan, strong in 2006 at 19% of revenue, look set to increase further in 2007 to 24% , with Italy reducing from 33% to 27% of sales as part of the strategy of reducing dependence on Europe.

The company is conscious of the need to grow N. American sales, currently approx 11% of total sales and the weak link in an ideal mix of 1/3 Europe, 1/3 America and 1/3 Asia. Adding a direct sales team on the West Coast, an area not covered by existing American dealers, and boosting OEM sales, were both being considered. They had made progress with a number of large accounts in the last year and were looking to expand their business with Ford and Chrysler. The growing manufacturing base in India was also attracting interest with a view to establishing a presence there.

Don Babbs said that VI Group's products offered customers features not found in the offerings of some their larger competitors, and that the marketing emphasis was on increasing product penetration in the marketplace by focusing on specific productivities.

In terms of acquisitions, although there had been some consolidation over the last couple of years, the market was still quite fragmented and if anything the number of potential acquisitions for VI Group seems to be increasing.

[tole] 14/6/2007 13:38

Nice to see at least someone picked up on the AGM the otherday.



Small cap round-up: Jarvis Securities, VI Group, Revenue Assurance

Shares in software firm VI Group were up after reporting current trading is in line with expectations.

"The extended product line following last year's acquisitions has provided further impetus to worldwide sales," said the group.

It added that the integration of Italian software company Plastics and Computer International and UK software developers Camtek continues to progress well.

[rainmaker] 14/6/2007 12:42

Hi lqs-Although VIG have a history of strong organic growth their recent added growth via acquisitions is a good point and deserves an answer-Would suggest the following-

1)Their acquisitions have normally included a surplus Property element thereby bringing down their purchase price.

2)These acquisitions have created terrific synergy ie the value of the whole has become much greater than the sum of the parts -if you read back over the Company announcements of the contribution of recent acquisitions you will realise this.However due to the time it takes to fully integrate these Companies, they should make an even greater contribution once this has been achieved.

3) VIG have kept a tight control on costs.

Hope that helps

regards

[tole] 13/6/2007 14:03

Thx Rainmaker reference to BlueOar/2008e.
Anyway nice to see a 50k MM buy and all MM's moving up now.

[lpf] 13/6/2007 13:32

lqs - why not? They're making money at it. Isn't that sufficient to justify it?

[lqs] 13/6/2007 13:22

dont like the way they seem to be growing by acquisition.

[cockneyrebel] 13/6/2007 13:18

yep, they've just said the current year PE is 8.5 and they'll met.

Fwd PE probably something like 7 ?

Hideously cheap imo.

CR

[rainmaker] 13/6/2007 13:09

What was that Otis Reading song?"The only way is ......


regards

[rainmaker] 13/6/2007 13:08

Tole re your Post 599-Sorry,I'm afraid I don't.

regards

[rainmaker] 13/6/2007 13:05

I know CR,they've basically confirmed that they are on course to meet the 2.07 eps for the current year and all that recent selling(well not too much as it was a very thin market)was not "Insiders" in the know but just impatient Investors recycling money. Next move should definitely be up!

regards