Vesuvius Share Discussion Threads

[wipo1] 14/6/2016 19:34

Looks a good entry point on the chart for long term investment

[postmanpat11] 13/6/2016 18:19

Just took this by Panmure from Research Tree… "The economics of the US steel industry continue to improve, albeit not because of demand. Tariffs are helping to cut Chinese imports in the US markets, where steel prices are now up 70% since the low point in December 2015. More importantly, capacity utilisation at US steel mills has improved from 60% in December 2016 to 75% in early June... Higher US steel prices and capacity utilisation matters to Vesuvius as US mills restock on consumables. The management is not relying on a turnaround to deliver cash returns. However, as fundamentals improve the risk to our forecasts are on the upside."

[thomasthetank1] 09/5/2016 12:10

Read Panmure Gordon & Co's note on VESUVIUS PLC (VSVS), out this morning, by visiting hxxps://www.research-tree.com/company/GB00B82YXW83 "Vesuvius will issue a trading update on Thursday and we expect the management to remain cautious about trading, particularly given that China appears to be reversing its policy of cutting capacity. However, we continue to believe that the fundamentals of the steel industry are improving and... We believe as its exports are made increasingly unwelcome across the world, China will have no option but to cut capacity as domestic stocks rise and losses mount. US steel prices are up more than 50% and this matters more to Vesuvius as..."

[wipo1] 12/4/2016 11:04

I sold vsvs(309p) beginning of last month to buy Sony. Back on my watch list but nervous about this sector in general and staying mostly in cash over the summer.

[dins1249] 12/4/2016 08:38

On Tuesday Jefferies International downgraded its broker consensus on shares of Vesuvius (LON:VSVS) giving the company a ‘Underperform’ rating. Jefferies International gave shares of Vesuvius a price target of 255 indicating a potential decrease of -16.48% from Vesuvius’s current price of 305.3.

[cc2014] 12/4/2016 07:59

Interesting price this morning. Couldn't resist

[cc2014] 03/3/2016 13:08

hmm - I thought the results were pretty good considering the economic backdrop and clearly someone agreed with me first thing since it opened at 345. Hopefully it will move up during the day as the weak sellers exit

[chadders] 03/3/2016 10:51

Solid results as per the management guidance. PE of 11 and dividend of 5% so will hold. Should recover from here methinks

[wipo1] 01/3/2016 14:46

Sold my small amount, Good luck to all holders for tomorrow.

[chadders] 29/2/2016 11:18

R2, agreed. Results on Thursday and although guidance was towards the lower end of forecasts (EBITDA £125 million?) there could be some significant upside due to recent exchange rate movements.

[robsy2] 29/2/2016 10:32

I like the look of this so I'm in.Good divi, solid biz, market leadership and some recovery potential. R2

[chadders] 24/2/2016 10:48

Hi wipo1, pity it didn't hang on to 308p yesterday but a nice rise anyway. I think there is a change in sentiment around the corner. This has been creeping up steadily in a pretty volatile market. Touched 312 today so it will be an interesting finish methinks provided the Dow doesn't spoil things this afternoon.

[wipo1] 23/2/2016 15:01

Hi Chadders that's good you're breaking even. I bought at 300.2p so roughly breaking even including fees.I was thinking the same thing about currency, definitely good news for vsvs. Also a outside chance of a bid.Looking decent if we can break the 308p area.

[chadders] 23/2/2016 12:22

Wipo1, I'm breaking even on this now. Just a thought - the weakening of sterling could have a positive impact on the final results ref the following from the trading statement, "The strengthening of Sterling during the year continues to impact the translation of our results"

[chadders] 17/2/2016 19:45

Hi wipo1, yes topped up but my average is 306p now so still a tad under water. It's currently my biggest holding so I'm hoping true value will be realised sooner rather than later. Historically a decent dividend payout so if they maintain past levels it could be 5%

[wipo1] 17/2/2016 15:57

Hi Chadders I'm now back to square one here, I guess only buying a small amount made me not use my stop loss but I never topped up bought Sony instead.Hope you bought some on dip

[wipo1] 09/2/2016 13:34

Thanks Chadders, on the bright side I sold other shares to purchase vsvs and they're down about the same amount. So if I'm an optimistic I am no better or worse off lol.280p holding so unless vsvs breaks that I'm staying put and will drip feed small amounts.Good luck to you too.

[chadders] 09/2/2016 13:22

Good luck wipo1. I'll stick it out for the longer term. Maybe top up time but things need to settle down a bit.

[wipo1] 09/2/2016 10:51

Yes mate it's tough out there but I'm not fighting the market. I only have small amount here so could turf it out.

[chadders] 09/2/2016 10:19

Market's in tatters at the moment.

[wipo1] 05/2/2016 21:48

Yeah looks good, if we keep going upwards the next resistance on the chart could be around 340p.

[chadders] 05/2/2016 19:16

Well that's the best day for a long time.Hopefully it's bottomed out finally.

[wipo1] 29/1/2016 09:21

I also bought some kie yesterday also I like Sony but I guess currency risk putting me off but think there is big upside.

[wipo1] 28/1/2016 18:41

Chadders Thanks mate and good luck to you too with your investments.

[chadders] 28/1/2016 16:51

wipo1, good luck with your latest venture. I'm a long term holder (Cookson and Foseco before Vesuvius)and happy to be patient and enjoy the dividends.