Vesuvius Share Discussion Threads

[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.

[wipo1] 28/1/2016 16:35

Hi Chadders yes I agree with you, I picked up a small amount after to slicing a couple of other shares.Will add when my funds clear, Halifax share dealing slow taking 6 working days to clear.

[chadders] 27/1/2016 15:28

wipo1, I know this company very well, I can't believe it's lost 40% of its value in the last 12 months. I genuinely believe sentiment will change but not sure when.

On fundamentals alone it is very cheap at current levels.

[wipo1] 27/1/2016 14:16

Chadders Thanks for the research mate, I have been in vsvs a few times before got stopped out last time other times made a profit but sold too early.I'm going to make a purchase once funds clear into my share dealing account. Like you say looks very cheap atm.

[chadders] 26/1/2016 14:05

A little over twelve months ago Vesuvius had merger plans with Morgan Advanced Materials very much in their strategic thoughts. The two companies share some markets and geographic footprint, and both are essentially ceramic materials technology biased and vsvs could see major synergies. Despite this it never developed into a serious negotiation.

A quick comparison today of the financials of both companies is quite startling.

VSVS sales: £1,444 million against £921 million
VSVS profit: £95.8 million against £7.8 million
VSVS EPS : 35.5pence against 2.7pence
VSVS ROCE: 7.78% against 4.71%
VSVS mkt Cap: £792 million against £595 million

One has a P.E. ratio today of 8.2 and one has a P.E. ratio of 77.3

I reckon VSVS is seriously undervalued but DYOR etc.

[chadders] 19/1/2016 21:13

wipo1, vsvs is perceived as particularly sensitive to world steel production and steel prices. Coupled with the market decline over the last month or so its been battered down the way on pretty slim volumes. Could be ready for a correction.

Few people realise the total dominance they have in their markets and how fixated they are on vigorously defending their market share.

Still confident that this will turn.

[wipo1] 19/1/2016 13:13

I'm getting tempted Chadders, still watching atm. Fund managers still topping up and price keeps falling?

[chadders] 14/1/2016 22:57

Absolute no brainer methinks. Fantastic company, cash generator, market leader, should announce an EBITDA circa £120 to £130 million according to their guidance. Currently valued at just over £800 million.