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| Share Name | Share Symbol | Market | Stock Type |
|---|---|---|---|
| Vega Grp. | VEG | London | Ordinary Share |
| Price Change | Price Change % | Share Price | Last Trade
|
|
|---|---|---|---|---|
| 0.00 | 0.00% | 273.20 | 01:00:00 |
| Open Price | Low Price | High Price | Close Price | Previous Close |
|---|---|---|---|---|
| 273.20 | 273.20 |
| Top Posts |
|---|
Posted at 20/11/2007 10:11 by greengiant Gerd,You are correct about the market and altho' there are a number of shares out there with what appears to be silly PE's, the market still doesn't believe that they are achievable. For example, BDI, FAN, VEG, RCG etc etc. The market appears to be taking the view that these companies will not achieve their forecasts and are therefore marking them down. Don't even believe good results will bring about a re-rating either - just look at FAN's results yesterday. We just need to sit back and wait for the lovely Fed to decide that it's a good time to cut interest rates again.... gg |
Posted at 23/8/2007 13:25 by spaceparallax Nice little rise today. I agree on the matter of value - the only issue at the moment being whether VEG can prove that the recent underperformance was a blip rather than a change in direction. |
Posted at 09/7/2007 15:52 by spaceparallax Interesting - seems to complement the existing VEG business. |
Posted at 06/12/2006 09:44 by quickmind Chartwise, VEG has developed an interesting pattern. The recent 199p low registered on 4 Dec 2006 is a tad higher than the 2006 mid June low (196.5p), which is in turn higher than previous low (182p, later Oct 2005). There's, perhaps, some 15% upper side. However, fundamentally, lack of revenue growth never gets me exited. |
Posted at 20/11/2006 20:11 by napoleon 14th VEG reminds me of NCH which also has periodic bouts of weakness, errrr, I mean, which sometimes affords us savy types a nice buying opportunity! ____________________ Without being too clever by half, R of the rising trend is 260p ATM. |
Posted at 07/7/2006 11:07 by schober i suspect its due to sentiment, plotting the techmark100 index ........ |
Posted at 07/7/2006 07:18 by skufos Results out :-) and yesterday the share price was less than it was a year ago! Have extracted these highlights: 'Key Points - Financial Third successive year of double digit growth in revenues and profits Revenue up 18% to £62.1m (2005: £52.6m) - UK up 19% to £40.0m - Germany up 13% to £17.0m - Rest of Europe up 34% to £5.1m Operating profit up by more that 20% for fourth successive year Adjusted* profit before tax up 21% to £4.5m (2005: £3.7m) Reported profit before tax up 22% to £3.9m (2005: £3.2m) Adjusted* diluted EPS up 30% to 17.3p (2005: 13.3p), including the impact of R&D tax credits Proposed final dividend of 1.875p, giving a total for the year of 2.5p (2005: 2.0p), up 25% Net debt decreased to £1.6m (2005: £2.4m)' Surely these results are not priced in at this share price level? |
Posted at 09/3/2006 12:19 by spaceparallax Divi arrived this morning - less than stunning, but I'm more in it for the growth. |
Posted at 20/2/2006 21:22 by hambi Just highlight VEG on the £1 thread (and the associated ). nice rise today and i hope that we get a breakout from 220p |
Posted at 09/11/2005 12:18 by tole The GCI note from last week worth a mention if nobody has seen it...VEGA's star-studded appeal Companies: VEG 01/11/2005 Consultancy and software services play VEGA smashed forecasts last year after focusing hard to win increasingly valuable business in the aerospace, defence and government markets. The group (which actually floated on the London market back in 1992 at 122p) is a pivotal programme and system assurance company to these industries. Operating in both Europe and the US, it helps clients manage major, mission-critical business programmes and system implementations. Its speciality is its focus on slashing the risk of system failure, which naturally drives up the success rates on the various high-profile programmes it is engaged in. In the space sector, VEGA supports scientific and military satellite programmes. It has been involved in 'almost every' European Space Agency mission over the past twenty-five years and its other clients include commercial satellite operators and manufacturers like Inmarsat and Alcatel. In defence, it boasts a lengthy track record of support work with the likes of the Defence Procurement Agency, European MoDs and system manufacturers like BAE Systems. VEGA also provides support and project management to the UK government, such as the Department of Health, the Foreign & Commonwealth Office and the Inland Revenue. Final figures to the end of April, reported in July, were exceptionally strong, with pre-tax profits vaulting 42 per cent north to £3.7 million on a 19 per cent sales rise to £52.6 million. The dividend doubled to 2p per share and chief executive Phil Cartmell (who is largely responsible for VEGA's reinvention as a serious growth stock) announced net debt of £2.4 million, half the level pencilled in by City analysts, thanks to handsome cash inflows. The numbers were driven by a strong showing in the government and defence business, where sales soared 19 per cent higher to £30.4 million, while analysts warmed to an in-line performance at the space business. One of the year's major highs was VEGA's selection as a prime contractor on procurement consultancy for the MoD. Its selection for a C70 million ground data systems programme for the European Space Agency was another significant event. Recent encouraging wins include confirmation from the European Space Agency of VEGA's selection for a seventh consecutive contract providing operational support services to its space operations centre in Germany. Cartmell says this work will be worth about C6.5 million to VEGA in the first year alone. Another deal he highlighted was work worth over £4 million with the UK government; VEGA has responsibility for building 'a secure information system for the UK intelligence community'. Forecasts for this year, upgraded on the 2005 figures but issued before recent contract wins, suggest profits of £4.6 million and earnings of 15.2p. For 2007, investors might expect a £5.3 million surplus and 17.5p of earnings. After a good run, VEGA has suffered a recent share price correction, which means the shares are changing hands for only 12.3 times 2006 earnings, a rating that falls to 10.7 the following year. Given contract wins, strong growth prospects and Cartmell's reassuring hand on the wheel, we feel there is plenty of upside for investors here. |
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