Vega Share Discussion Threads

[napoleon 14th] 25/6/2005 10:55

That's a new 3 year high, & a significant one.
300p was a significant support in Oct '98.
The wider 280-300p area has been recuring & quite strong; Aug'95, june'96, jan & june '97 & jan'01.
I see that as the next test; it might take a year to get there.

I can't see this uptrend since Oct '02 being put in question.
Obvious technical "stop loss" or support at 140p should not be necessary.

[search4shares] 24/6/2005 09:28

This share has been on my watchlist for about 6 months. Have been waiting for it to breakthrough the 200p resistance. Has strong support at 190p and has consolidated in the 190 - 200p range. I am not a chartist, was just waiting for the market to wake up to the continued contract wins, profits and upbeat statements.

Bought in yesterday @213p, not the best entry level as it is now 205/210 due to alot of selling this morning. However will not be selling because as a soon as the buying starts again the price moves up very quickly IMHO. Just over 2 weeks ago it moved up 15p in a day, and yesterday 11p. Agree however like today it can move down just as quick, currently down 6p.

With results out on 6th July and the recent trading statement can't see these falling below 200p IMHO and yesterday chose finally to be on board as opposed to waiting any longer. More upside than down from here IMHO. Certainly would be pleased if they do an intra-day reversal from here, would show some strength and furthermore continue the uptrend/breakout. All the best.

[cravencottage] 23/6/2005 08:36

Looks like you were right Dave 8-)

[davewheeler1] 21/6/2005 11:44

I think from online limits and watching the last few days trades that if anyone had an interest in getting some VEG before the next leg up they had better do it soon...

Just a thought...

DW

[cravencottage] 13/6/2005 10:13

I'm by no means any chartist but if Veg can hold on todays gains then I believe the re-rating will " Officially " be in the offing

From a resistance point of view there seems to be some @ 250p and nothing in between there and 600p.

Good luck all

CC

[davewheeler1] 13/6/2005 09:28

Goodness Gracious,

My buy of a fivers worth on Friday morning is begining to look very lucky indeed!

So, the 200p resistance may be a little under threat now - any ideas on next 'resistance' people?

Dave

[cravencottage] 13/6/2005 08:50

Looks like the penny is beginning to drop with the market too.

Onwards and upwards through to results in early July IMO

CC

[johnrxx99] 10/6/2005 15:48

Very fair comment and is clearly undervalued - still the overhang from last months route. Still waiting, not in yet and will probably regret it.

[davewheeler1] 10/6/2005 14:57

And the ironic thing is NOW is the time VEGA probably deserves a rating of 25x or so, much more so than before anyway!

waiting patiently.

DW

[cravencottage] 10/6/2005 14:47

DaveWheeler1

I think once 200p gets taken out we should see the re-rating that this Company deserves.

I can remember not too long ago when Veg was trading on 25 x Prospective earnings.

Even if you apply a miserly 18 x earnings this gives me a conservative price target of @ 265p.

Based on it's old rating this stock could go to @ 360p

Regards

CC

[davewheeler1] 10/6/2005 14:13

Fair enough John, with "Ahead of expectations" results around the corner I have a sneaking feeling that will do it...

Watching with interest...

DW

[johnrxx99] 10/6/2005 14:10

Don't know but looking at the chart it clearly is a barrier. I suppose most barriers are built by confidence, either top or bottom, so we'll probably need something from the company to move us on.

As you know the herd will take us on if we have a break out. Keep watching.

[davewheeler1] 10/6/2005 14:07

CravenCottage, Have you any idea why 200p should be any kind of barrier for VEG?

Thanks

DW

[cravencottage] 10/6/2005 14:05

With results out in early July and a nice Pre-close TS there's no surprise a classy outfit like Veg shouldn't be on the move

Here's a snippet from the recent TS

For immediate release 10 May 2005


VEGA Group PLC

Year end trading update

VEGA Group PLC ('VEGA' or 'the Company') announces that Group profit before tax
and cash generation for the year ended 30 April 2005 are expected to be ahead of
current market expectations.

The rest can be found here...

[davewheeler1] 10/6/2005 13:54

But Why John? Any ideas?

Silly rating for VEG will not last for ever...

100p would have proved a psychological barrier for some but didnt so why should 200p?

Only asking because I can't figure it out...

Thanks

DW

[johnrxx99] 10/6/2005 13:51

200p is a difficult one to crack.

[davewheeler1] 10/6/2005 13:36

I suppose me paying .5p over the odds wasn't a fleecing after all!

:)

Looks like I have got lucky with the timing here!

Still amazed VEGA doesn't get more interest.

DW

[weatherman] 06/6/2005 21:23

VEG will report in about 4 weeks time with results ahead of expectations. It should be trading on at least a PSR of 1 with share price around 300p.

all imo

[napoleon 14th] 30/5/2005 17:23

No complaints about the results or the forecast.

Could double from here for those with the patience.

[weatherman] 10/5/2005 09:55

Vega was already undervalued before this excellent news. This should be on a pe of 20 with a price pushing close to 400p

all imo

[drummuir] 05/5/2005 12:26

Been very peaceful here for a while with the price holding steady during market swings.......thinking of adding a few more......anyone got any thoughts/forthcoming announcements anything which might drive Vega further. Maybe better to sell in May and go away ?

LoL

[millhaugh] 10/3/2005 17:50

Nothing on the website or anywhere else that I can find, hope that your forecast is correct Weatherman.........fundamentals are pretty strong.

[weatherman] 10/3/2005 17:11

vega always drifts off with no news flow. Still I think should see a run to 300p this year with eps getting towards 15p soon.

[millhaugh] 10/3/2005 17:05

Tree shake or more sinister..........not another poor take over ?

[drummuir] 08/2/2005 10:28

Anything in the pipeline to move this share in the near future, results etc ?

Comments gratefully received.