Venture Life Share Discussion Threads

[petersinthemarket] 20/3/2017 14:26

VLG must be one of the best threads on this site,
but as a matter of interest has anyone taken a look at the ''other'' VLG thread?

Venture Life Group Plc VLG
AIM All Share
MktCap £23m
Tiny div
Some cash

Has been loss making for some time but recently moved into profit.
Current share price around 69p but Panmure predicting 128p and CSchwab 142p.
Lovely bowl shaped chart for those who follow such things.
Chart rising nicely in recent weeks, but might just be a ''buy on the rumour''.
Results 23 March 2017.

Recent 6 March change of CFO to a man with wide appropriate experience.
DigLook predicting Rev yr end 31dec16 £14.3m, 31dec17 16.5m, 31dec18 18.3m.
January TU claimed they held around £2m in cash.

VLG describes itself as an international consumer self-care company focussed on developing, manufacturing and commercializing products for an aging population. They typically supply self administered drugs and cosmetic aplications through pharmacies.

Growth expected to be by acquisition and revenue.

I hold a modest initial stake - anything more will depend on results.
pete

[apad] 20/3/2017 13:51

ROR down to 0.5% of portfolio now.

First FEVR purchase was £1.69, m.

apad

[petersinthemarket] 20/3/2017 11:41

TSTL appears to have confirmed a break out. Can often be quite difficult to get through round number levels like 200. Very encouraging. pete

[madmix] 20/3/2017 10:56

APAD,

Just got a bit fortunate with the spike down, with a few stop-losses kicking in I suspect. Almost bought as low as 1407p, but dithered.

Console yourself on the fact that your average buying price is probably significantly lower than my £12! My first buy was around £9.50.

[apad] 20/3/2017 10:47

Better timing than me, m!

I knew I should have waited 'till 10:30 for the bots to finish their cycle.

All down to the US I reckon.

apad

[essentialinvestor] 20/3/2017 10:44

No, neither do I.

[madmix] 20/3/2017 10:44

FWIW, I had also been considering buying more FEVR, and have just taken the opportunity to add more at 1416p and 1423p.

Looking forward to tomorrow!

[redartbmud] 20/3/2017 10:37

EI

That is the gamble, but I don't see the shareholders voting it down. Their downside is a £500m Rights Issue and a further collapse in the share price.
If my 'fag packet' calculation was correct, when I did it, there was a 45p upside on the Amfw deal, when it goes through. That implies the market believes it will not proceed. I take the opposite view.

red

[essentialinvestor] 20/3/2017 10:31

AMFW!, red you do realise the offer may still not proceed, although very
unlikely to happen.

[apad] 20/3/2017 10:25

Another FEVR buy!

Enough excitement for one day!

apad

[redartbmud] 20/3/2017 10:19

EI

After much wailing and gnashing of teeth, I picked up some AMFW. Long odds that I may well live to regret!
Walking on a tightrope over Niagra Falls, in a howling gale, with no safety harness. Just another day.

red

[essentialinvestor] 20/3/2017 10:16

Added a small amount of Wood under 7.16.

DLG getting a shift on.

[redartbmud] 20/3/2017 10:13

APAD

I take your point on Htg. They have had to do the hard yards following the ill timed expansion. From this point onwards their positioning should be more appropriate to the marketplace they are in. Weak results may not see a pull back in the share price.
A move into Amfw is a value play on the offer, if I have my numbers right. I don't see the shareholders turning it down.
Wither goes crude is a moot point, but I wouldn't bet against your assertions at this time.
Questions to be asked at the House of Rotork come the end of April.

red

[apad] 20/3/2017 10:00

The Crude Index is between 8 & 10% down from the recent plateau. I reckon it would take some significant news to drive it lower.

In terms of HTG, first thing on the morning of the interims might be the time to buy :-)

FEVR dropped some 3.5% this morning, so I poured some ROR money in the glass!
Must be nuts, or in need of excitement.

I've definitely taken a scunner to ROR.

apad

[essentialinvestor] 20/3/2017 09:46

If we are going lower then crude is also going down imv.

[essentialinvestor] 20/3/2017 09:42

APAD, appreciate the view, only 1,000 atm, would build any position slowly,
and it would never be that large.

Some of the TA appears to point to 6.80 very approx.

Lets see if those looking for equity weakness this week will be correct.

[apad] 20/3/2017 09:33

I'm not sure I'd get anything from the meeting in Donkeyland, red :-)

Too much uncertainty in backing the takeover for me.
AMFW just doesn't seem much of a prize, more a problem. It's a hell of a big mouthful.
However, WG management knows their business, so I suspect they will have a plan over and above reducing the AMEC/FW abomination by a thousand cuts.

FWIW I would be more inclined to try and time a HTG (much smaller Cap) buy in this sector. This (from FY) suggests interims will be poor:
"For the Group as a whole, operating losses have been incurred during the opening months of 2017, however, management anticipate moving back to monthly profitability later in the year, subject to a continuing recovery across the whole market."

I suspect the sector is a 2018 play, so maybe the time to enter is Autumn 2017.

Note that I prefer companies with some sort of special technical edge in the sector.

apad

[essentialinvestor] 20/3/2017 09:00

Worth having a look at the recent CEO offer presentation, very brief
and scant detail, but it's the quiet confidence and lack of London
and South East spin I like, impressed.

[redartbmud] 20/3/2017 08:58

EI

You may well be right in your assertion.

Dithering from Dundee.

red

[essentialinvestor] 20/3/2017 08:51

red, Wood Group worth keeping on a watchlist fwiw, it is longer rather
than a shorter term potential prospect.

My take is the AWFW deal is likely to unlock value.

Which is a tad ironic given the Foster Wheeler purchase, but that's
how it is just the way it goes sometimes.

[redartbmud] 20/3/2017 08:34

APAD

If you fancy a trip across the pond to the other little island.

Thinking of taking a position on Amfw as a possible cheap way into Wg.
I just cannot decide if I want to be in Wg. at this point in the cycle.

red

[apad] 18/3/2017 13:29

IC on BREEE, red.

"Hope keeps
Breedon on track
Breedon Group (BREE) may have changed
its name from Breedon Aggregates, but
the biggest transformation has come in the
wake of the acquisition last year of Hope
Construction Materials. Hope contributed just
five months of revenue to the reported period,
but helped to boost underlying cash profits
by 58 per cent to £59.6m.
Towards the end of the year, Breedon also
purchased Sherburn
Minerals Group, and
while the two acquisitions
also meant assuming debt
of £155m, the leverage
ratio of net debt to cash
profits was acceptable at
1.9 times. Also, cash generated from operating
activities jumped from £62.1m to £80.8m.
One of the keys to running a successful
aggregates business is to have a decent geographical
spread, because aggregates are heavy
and expensive to transport. The Hope acquisition,
which takes Breedon into cement manufacturing,
brought with it four rail-fed cement
depots, which last year delivered their highest
ever bulk delivery volumes to customers. It also
gave Breedon more than 150 ready-mixed concrete
plants and five quarries. With Sherburn
came four quarries and five ready-mixed concrete
plants, providing access to new markets
and the ability to expand by importing materials
via Sherburn’s two terminals.
Numis forecasts adjusted pre-tax profits
for the year to December 2017 of £66.5m and
EPS of 3.7p (from £55.1m and 3.4p in 2016).
􀀦 Breedon’s shares are up significantly from
our buy tip (52p, 10 September 2015), but the
extent of the group’s operational gearing is
only now starting to come through.
Buy
Ord Price: 79.38p Market

[redartbmud] 18/3/2017 12:08

APAD
Breedon A/cs have just landed on my doormat.
AGM 25 April @2.00pm St Pierre Park Hotel, Rohais, St. Peter port, Guernsey.
Not on your little rock after all.

red

[redartbmud] 17/3/2017 20:28

Taking H-L price of 321p I am down £287.40 but I don't think it is quite that bad.
The corporate activity does muddy the immediate numbers and we are taking it on trust that they can make the acquisition profitable. The rights were at 330p.
I suspect there has been a big seller(s) around. Once that dries up the share price might improve. The next set of results might give a clue as to where things are headed.

I am definitely interested in WPP, but I would like to see closer to £16 before I buy.

red

[apad] 17/3/2017 19:25

Lot of big numbers for goodwill and intangible assets in RWS 2016 results.

apad