Vesuvius Share Discussion Threads

[petewy] 05/12/2023 17:38

Thanks Dave

[davebowler] 05/12/2023 09:05

Vesuvius heats up the market with buyback, says Jefferies
Vesuvius (VSVS), a global leader in molten flow engineering, principally for the steel industry, has announced a £50m buyback plan, which Jefferies says will be positive for earnings and sentiment.

Analyst Andy Douglas reiterated his ‘buy’ recommendation and target price of 620p on the Citywire Elite Companies A-rated stock, which was trading at 444p on Monday.

The group will buy back £50m of shares over the next year, which Douglas said ‘was no surprise’ given it had been discussed previously but ‘we suspect it will have come a touch earlier than most will have expected’.

‘We welcome the announcement and see this as helpful for sentiment and the share price, and potentially for earnings,’ he said.

‘We do not expect consensus to change on the back of this announcement – we expect it will be done over time, when the street understands how quickly the shares can be bought back, and we have a better feel for the timing and price the group will be buying back the shares at,’ he said.

He added that on an annualised basis, the buyback could be ‘moderately earnings enhancing’ and he remained ‘positive on the group and its equity story, and this is part of our positive thesis’.

[philanderer] 04/12/2023 16:09

Nice move up from just below 400p.

[waldron] 04/12/2023 15:26

Cboe Europe 15:17:22 04/12/2023 GMT




Vesuvius plc




443.1 GBX +2.38%



Upcoming events on Vesuvius plc

28/02/2024 Q4 2023 Earnings Release (Projected)

[hopeful holder] 04/12/2023 14:36

BSVS has been bubbling away for quite a while and I think we will start to see a gradual climb / rerate and this buyback will just give it a good kickstart.It's certainly has momentum and hopefully this time it keeps going. We have some previous highs to gauge known potential .

[waldron] 04/12/2023 11:41

Cboe Europe 12:38:57 04/12/2023




Vesuvius plc




441.70 GBX +2.06%

[waldron] 24/11/2023 19:37

next resistance set at approx 454p

[dudishes] 22/11/2023 09:09

Cheers W.

Rare, but I did follow the share price (nifty 50) ramp, sorry guide.

As stated, not my area but accts strong, break through is the question.

cheers

[waldron] 21/11/2023 06:23

Difficult to guess where the share price is headed in my view

Needs to break thru the 423p Resistence to trend up

Seems to be stuck in a rut for the medium term

all the best

[waldron] 21/11/2023 06:18

Analysts' Consensus

Mean consensus
OUTPERFORM


Number of Analysts
11

Last Close Price
4.162GBP

Average target price
5.114GBP
Spread / Average Target
+22.86%

High Price Target
6.200GBP
Spread / Highest target
+48.97%

Low Price Target
3.850GBP
Spread / Lowest Target
-7.50%

[waldron] 21/11/2023 06:16

Vesuvius eyes margin improvement and hefty cash generation
November 16, 2023 at 11:14 am


(Alliance News) - Vesuvius PLC on Thursday said it aims to generate total free cash flow of at least GBP400 million in the coming three years to put towards dividends, buybacks and M&A activity.

The molten metal flow engineering firm, ahead of a capital markets day in London, said it is eyeing a revenue outperformance of at least 2% compared to the market. This will be "driven by market share gains and superior pricing", Vesuvius said.

It is aiming for a return on sales margin of at least 12.5% in 2026, helped by GBP30 million worth of cost cuts. It achieved a return on sales margin of 11.1% in 2022.

In addition, Vesuvius aims to generate at least GBP400 million worth of free cash flow between 2024 and 2026. This will go towards "dividends, acquisitions and share buybacks". In 2022, it achieved GBP123 million worth of free cash flow, but suffered a GBP300,000 outflow in 2021.

Vesuvius added: "The [capital markets day] will provide insights into the positive long-term growth trends in the steel and foundry markets, in particular the positive inflexion of the steel markets ex China to structural growth in the coming years, and how Vesuvius' strategy of technological differentiation enables outperformance of these markets.

On Tuesday, the company said it continued to perform "robustly" but noted a "gradual deterioration" in a key market.

The London-based firm said in its Foundry unit, it has seen a "general slowdown" outside of India in the four months to October 31. The firm's financial year runs to December 31.

"We have seen a gradual deterioration in most Foundry end markets outside of India, particularly in Northern Europe. Steel production levels outside of India have weakened relative to H1 in EMEA, South-East Asia and South America," Vesuvius said.

The unit provides foundry consumables services, aiming to reduce casting defects. It offers binders, lining systems and coatings.

Shares in the company traded 0.7% lower at 406.60 pence each in London on Thursday morning.

By Eric Cunha, Alliance News news editor

Comments and questions to [e-mail]

[waldron] 21/11/2023 06:12

Upcoming events on Vesuvius plc


28/02/2024 Q4 2023 Earnings Release (Projected)

[gswredland] 14/11/2023 15:33

Potential profit warning?

[philanderer] 14/11/2023 10:48

Market doesn't like this..

"...We have seen a gradual deterioration in most Foundry end markets outside of India, particularly in Northern Europe. Steel production levels outside of India have weakened relative to H1 in EMEA, South-East Asia and South America"

[petewy] 14/11/2023 09:00

Healthy update?

[rcturner2] 01/11/2023 08:21

I am back in here today.

[philanderer] 26/9/2023 17:15

WTF went wrong today again ?

[hopeful holder] 20/9/2023 19:00

I would love to see L2 with this share. It does feel that we are bubbling enough to break through and onwards towards a fiver...

[hopeful holder] 15/9/2023 08:23

I've held for a few months which always focuses the mind. Vsvs struggles to get any traction once it hits around 440. Once we are over this then perhaps it may move on a little quicker.

[davebowler] 30/8/2023 13:52

Vesuvius passes no less than 10 Screens on Stock-Pedia! Also passes a'Golden Cross' Chartist screen.Very compelling -well it convinced me!

[volsung] 30/8/2023 07:18

Cheers phil

[philanderer] 16/8/2023 13:16

Luck with those volsung.


Jefferies raises Vesuvius price target to 620 (585) pence - 'buy'