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| Share Name | Share Symbol | Market | Type | Share ISIN | Share Description |
|---|---|---|---|---|---|
| Vega Grp. | LSE:VEG | London | Ordinary Share | GB0009291500 | ORD 5P |
| Price Change | % Change | Share Price | Shares Traded | Last Trade
|
|
|---|---|---|---|---|---|
| 0.00 | 0.00% | 273.20 | 0.00 | 01:00:00 |
| Bid Price | Offer Price | High Price | Low Price | Open Price | |
|---|---|---|---|---|---|
| Industry Sector | Turnover | Profit | EPS - Basic | PE Ratio | Market Cap |
|---|---|---|---|---|---|
| - |
| Last Trade Time | Trade Type | Trade Size | Trade Price | Currency |
|---|---|---|---|---|
| - | O | 0 | 273.20 | GBX |
Vega (VEG) Share Charts1 Year Vega Chart |
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1 Month Vega Chart |
Intraday Vega Chart |
| Date | Time | Title | Posts |
|---|---|---|---|
| 30/11/2007 | 12:56 | VEGA - Will history repeat itself | 321 |
| 10/7/2005 | 16:07 | Looks good | - |
| 17/11/2004 | 10:23 | VEGA VEGAAAAAAAAAAAAAAAAAHHHHHH YES. FLYING | 207 |
| 29/12/2003 | 09:46 | reach for the stars | 7 |
| 01/1/2003 | 19:56 | Down 50% on 3rd profit warning - Opportunity? | 5 |
| Trade Time | Trade Price | Trade Size | Trade Value | Trade Type |
|---|
| Top Posts |
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Posted at 30/11/2007 09:49 by gerdmuller Just read it. I feel there is something not quite right about this.Makes me wonder what's in it for the board to accept an offer of 280p when only recently the shares were trading higher than that. This is a company that has been progressing very well and growing fast. Before the sub prime fallout these were trading comfortably at around 240p. All techs have fallen since then so vega's price fall was just a market related not company specific fall. 280p puts them on a forward pe of 11.7 for Y2. This offer is highly opportunistic and is selling the company on the cheap due to a volatile market. It is only a 19 percent premium to the price before the sub prime fallout (235p) and one of the directors sold his shares. I think the price has stayed below 280p because the market thinks the offer will be rejected. I think the board need to give a very good explanation why they are accepting this low offer when analysts where saying 315p was reasonable. I also think this type of accept any offer attitude sells off corporate UK on the cheap and allows opportunistic long term strategic planners to take advantage of the short term thinking now widespread in the quoted sector. |
Posted at 23/11/2007 09:09 by gerdmuller What is annoying is that they will now get vega at a low price. This is the problem with this type of short sighted market. |
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 01/10/2007 16:34 by spaceparallax Interesting RNS - perhaps they'll include a unit for Directors on the importance of timing share Sells appropriately! |
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 21/8/2007 09:40 by gerdmuller This one looks very good value again now it has come down with the market.Bought a few recently. At the present price these are on a forward pe of 11 for this year and 9.5 for next. PEG of around 0.6. This type of market does present good opportunities and this looks like one of them. |
Posted at 09/7/2007 15:52 by spaceparallax Interesting - seems to complement the existing VEG business. |
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 09/11/2005 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. |
Posted at 18/4/2004 20:08 by pennyshareguru VEGA Group PLC Company Focus by Elric Lloyd-Langton October 27, 2003 VEGA Group PLC (£1.10p)was first established back in 1978, essentially as a consultancy company for the engineering service sector. Since then VEGA has gone through a period of restructuring which has resulted in the sale of its commercial arm of its business and reorganising other parts. The restructuring program was brought about after the appointment of Philip Cartmell as CEO in early 2001. Formerly of Baan his role was head of consultancy in Europe, Africa and the far East. As part of the restructuring Cartmell sold off chunks of property as well as underperforming parts of the old business. These included the sale of its Dutch loss making engineering service consultancy arm earlier this year. VEGA also consolidated its fragmented six divisions and closed 2 offices which resulted in a loss of c 140 jobs. VEGA core focus is Space consultancy. This part of the business provides software and engineering services for both ground and space operations for satellites as well as developing software applications. Due to the restructuring VEGA was hit with an exceptional charge of £9.2m in its year end results April 2002 which included a £4.7 loss after the disposal of its Dutch arm. KEY POINTS - FINANCIAL * Results are in-line with market expectations o pre-tax profit (before goodwill amortisation and exceptionals) up 51% at £1.6m o total turnover unchanged at £35.6m o organic turnover growth 4% after adjusting for disposal and exchange benefit o operating margins (continuing operations) increased to 6.2% (2002: 4.6%) * Forward order book £38.6m (2002: £37.8m from continuing operations) * Strong cash flow reduces net debt to £4.3m (2002: £5.6m) o interest cover* 5.3 times (2002: 2.7 times) * Exceptional restructuring charge of £9.7m including disposal of Dutch subsidiary * before goodwill amortisation and exceptional items KEY POINTS - OPERATIONAL * Key events include: o £2.5m extension to Eurofighter contract o four-fold increase in public sector S-CAT orders o recent launch of Mars Express space mission * Strong public sector market demand plays to VEGA's strengths * Significant growth and good profitability in markets of space, defence and public sector Chairman, Andy Roberts stated: "The year to 30 April 2003 has been a successful one for VEGA. Trading profitability has increased markedly and we have reduced our borrowings. Just as importantly, given market conditions, we have generated organic turnover growth and have increased the order backlog of our continuing businesses. In our core markets of space, public sector and defence we have achieved significant turnover growth and have continued to generate strong profits." Space Consultancy VEGA`s space service consultancy business has historically proven to be VEGA`s most profitable. This part of the consultancy offers technical support to ground and space expertise. Central to this business is communication satellite programs. Revenue visibility is good as these type of contracts are usually long, some last as long as 10 years. As well as providing simulations to test satellites before they are launched in to space, VEGA are expanding in to real time data capture. Expansion of its space division into other EU countries that are major players in the European Space Program (ESA). The largest ESA contributors are France 30% Germany 27% VEGA`S largest base is in Germany where it is currently mid way through a 5 year contract, once that VEGA has held onto since 1978. Avionic Simulation VEGA`s other main focus is in the avionic simulation business. Part of this business is technical support for fight technicians. VEGA`s longest running contract is with the British governments MOD, where VEGA supplies avionic simulation training for the Sea Harrier technicians. VEGA has had this contract since 1984. Since then, VEGA has broadened its expertise into other aircraft training simulators. As part of the simulation program, VEGA`s simulators create computer control repeatable faults. The advantage to the customer is that this type of training frees up aircraft, which clearly reduces over-heads, (say nothing of losing an aircraft) Typical length of these contracts are 2 to 3 years, usually for a fixed rate from £1m to £6m with an annual management fee of 10% VEGA announced on the 24th of October that it had won a 5 year £2.6 million contract by the Netherlands Ministry of Defence, to develop and implement a technology-based training system for the F-16 ground crew technicians of the Royal Netherlands and Royal Norwegian Air Forces. While VEGA demonstrate that they are able to find new business, the Euro fighter contract remains the groups largest contract to date, worth £6.5m initially. This has more recently been extended a further £2.5m. Significantly, the technical aspect of VEGA`s software is intellectual property which never actually leaves the shelf (so to speak) it is merely repackaged. This means that most of the profit goes to the bottom line. £1.1m (£0.5m) Further growth VEGA has moved further forward into the commercial side of its avionic simulation business, by providing IT procurement project management. This entails the provision of simulation training for both pilot and cabin crews as well as ground staff. VEGA should see further growth from its collaboration with Mott McDonald, which enables VEGA to sell consultancy into central government agencies. This generated £5m last year, of which £1.5m was VEGA`s share. Conclusion Since VEGA`s rocky period in 2001 the company has demonstrated strong key sector focus instead of a mish mash un-focused business. Falling to a low of 47p to current levels of £1.10 it is clear that VEGA is now on the right track and should continue to gain further. I do not hold VEGA shares I bet the author wished he`d put his money where his mouth was. |
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