Vesuvius Share Discussion Threads

[marksp2011] 04/1/2020 18:04

I have been building a LTH position in these.

lets hope for the best

[philanderer] 20/11/2019 16:48

Berenberg upgrading to BUY. tp 485p

[philanderer] 01/11/2019 10:09

++ JEFFERIES CUTS VESUVIUS PRICE TARGET TO 605 (690) PENCE - 'BUY' ++

[philanderer] 30/10/2019 12:31

GOLDMAN CUTS VESUVIUS PRICE TARGET TO 480 (560) PENCE - 'NEUTRAL'

[essentialinvestor] 28/10/2019 12:44

Well off recent lows, shows the role sentiment plays in the share price
What's changed on fundamentals in the last week?.
Some better news on trade talks, that's it.

[philanderer] 17/10/2019 08:39

Peel Hunt note :

Immense value in Vesuvius, says Peel Hunt


A profit warning from ceramic mould engineer Vesuvius (VSVS) has not dented Peel Hunt’s faith in its ‘robust’ business model and its belief in ‘immense value’ over the long term.

Analyst Harry Philips retained his ‘buy’ recommendation but reduced the target price from 715p to 600p. The shares are down 16% since Tuesday’s profit warning and were yesterday trading at 348.8p.

Vesuvius substantially downgraded its outlook out to 2021 on a weaker global economy and a ‘major realignment’ in UK industrial forecasts.

‘The key factor is that the business model remains robust and will continue to take share so our confidence in the broader investment proposition remains unchanged but we accept that in the short term, investors are understandably going to want to see the dust settle,’ said Philips.

He said there was ‘immense value in the company which is now trading on 2020 price/earnings of just 8.1 times with a dividend yield of 6%’.

[philanderer] 16/10/2019 17:19

16th oct Peel Hunt 'buy' .... tp 600p cut from 715p

[essentialinvestor] 16/10/2019 10:05

The sector may be offering some interesting prices IF
this is a rerun of late 2015/early 2016 and we are not heading back in to recession.
If we are looking at recession in 2020/21, then interesting will turn in to expensive.

[martindjzz] 16/10/2019 09:58

I have or should I say had a sizeable position in VSVS. I have faith long term and am inclined to buy more when it looks like the knife has stopped falling.

[philanderer] 16/10/2019 09:33

16th oct JP Morgan overweight tp 593p cut from 683p

[essentialinvestor] 15/10/2019 13:56

That large director sale from April at well over £6 a share was timed to perfection?.

[philanderer] 15/10/2019 13:15

Loads of broker comment here...

[philanderer] 15/10/2019 12:58

Market report:

The largely domestic-focused, mid-cap FTSE 250 index exhibited more dynamism, adding 0.1%, or 22 points, to 19,952 despite profit warnings from a number of companies.

The biggest faller was Vesuvius (VSVS), an engineer specialising in molten metal flow and ceramics moulds, which tumbled 12.9%, or 51p, to 364p after warning of a fall in profits this year as markets in Europe, the Middle East, and Africa continue to weaken.

It was followed to the bottom of the FTSE 250 by fellow engineer Renishaw (RSW), which dropped 11.5%, or 410p, to £31.50, after its third quarter profit before tax came in at £4.3 million, just a fraction of the £32.6 million it reported a year ago.

Citywire

[philanderer] 15/10/2019 08:37

Have we still got an ongoing business here ? Fortunately my smallest holding (now) ;-)

[philanderer] 15/10/2019 08:00

Oh dear, that's not good.

[philanderer] 10/10/2019 16:39

10th oct BOA Merrill buy tp 600p cut from 650p

[rochdae] 08/10/2019 10:50

Yes, so 400 as predicted...

[essentialinvestor] 08/10/2019 10:42

Appreciated Phil, thanks.

[philanderer] 08/10/2019 09:21

RBC has reviewed the whole sector..


RBC CUTS IMI PRICE TARGET TO 1040 (1075) PENCE - 'SECTOR PERFORM'

RBC CUTS BODYCOTE PRICE TARGET TO 930 (1000) PENCE - 'OUTPERFORM'

RBC RAISES WEIR GROUP TO 'TOP PICK' ('OUTPERFORM') - TARGET 1900 PENCE

RBC CUTS VESUVIUS TO 'OUTPERFORM' ('TOP PICK') - TARGET 640 (700) PENCE

RBC CUTS MORGAN ADVANCED MATERIALS TO 'UNDERPERFORM' ('SECTOR PERFORM') - TARGET 240 (270) PENCE

Alliance News

[essentialinvestor] 08/10/2019 08:36

Phil, notice some of the industrials are now looking ill.
Hold a small amount of Bodycote and it's a similar chart.
Global slowdown fears weighing, perhaps cycle earnings have peaked.

[philanderer] 08/10/2019 08:33

So where's the broker downgrade on this dog ?

[philanderer] 23/9/2019 09:27

Jefferies. BUY. tp 690p cut from 720p

[philanderer] 22/8/2019 16:51

21st aug Berenberg hold tp 520p cut from 565p

[philanderer] 12/8/2019 17:01

As of tonight VSVS now the lowest value holding in the portfolio.