| Date | Subject |
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05/7/2019
17:47 | sandlab: hTTps://uk.advfn.com/stock-market/london/victrex-VCT/share-news/IN-THE-KNOW-Peel-Hunt-Downgrades-Victrex-As-Risks/80276433
- is all can find.
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29/11/2018
09:15 | robinnicolson: From The Times this morning:
There was no sign of relief for Victrex plc (VCT), the supplier of plastic polymers to the aviation, oil, gas, automobile and technology sectors. The FTSE 250 company, whose share price is down 29% since September, fell 146p to £23.88 after analysts published opinions ahead of its full-year results next week. Companies in the car, semiconductor and Apple supply chains have cut their guidance recently as demand has slowed, analysts at Barclays noted. However, the valuation of Victrex, which sells between 20% and 30% of its volume in those markets, “is right at the top end of its historical range”. The bank cut its target price to £23.20 from £23.80, saying that it expected the results to reflect that demand is cyclical and that valuation “needs to adjust to reflect that reality”. ;Analysts at Liberum estimated that more than two thirds of Victrex’s revenues come from cyclical markets and noted that its earnings had suffered in 2009, after the global crisis. They still issued a “buy” rating, though, saying that cashflow had been strong, special dividends were likely to recur and the product pipeline looked “promisingR21;.
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12/2/2018
08:10 | return_of_the_apeman:
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Current Price
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Bid PriceOffer Price2,410.00p2,412.00pHigh PriceLow PriceOpen Price---Shares TradedLast TradeMarket Cap (m)006:41:422,081.60
Victrex PLC AGM & Q1 IMS
Intraday Victrex Chart
09/02/2018 7:00amUK Regulatory (RNS & others)
TIDMVCT
RNS Number : 3712E
Victrex PLC
09 February 2018
9 February 2018
Victrex plc
AGM and Q1 Interim Management Statement
'A strong start to 2018'
Victrex plc, an innovative world leader in high performance polymer solutions, today releases its first quarter (Q1) Interim Management Statement ahead of its Annual General Meeting (AGM) being held today.
Victrex made a strong start to its 2018 financial year, with a continuing positive performance in the Industrial business, offset by a slightly weaker performance in Medical.
Against a weaker comparative, Q1 revenue of GBP78.7m was 41% ahead of the prior year period (Q1 2017: GBP55.7m), with Q1 Group sales volume of 1,051 tonnes being 30% ahead of the prior year (Q1 2017: 810 tonnes).
Alongside continuing strength in Industrial, the Group's Q1 performance also reflects three specific items which were not in the comparative period. These are the benefit from currency hedges taken on at the most favourable post-Brexit rates; sales from our Zyex acquisition; and a sizeable proportion of volumes for the large Consumer Electronics order, compared to negligible volumes in Q1 2017. Excluding these items, our underlying momentum is broadly unchanged from the positive performance we saw in the second half of 2017.
Victrex saw good performances across most end markets, with Electronics being the strongest performer and a steady start in Aerospace. Medical saw a weaker end to the quarter, although we continue to see progress in our innovative PEEK-OPTIMA(TM) HA Enhanced product for the Spine market and outside the US.
Our pipeline of new products remains strong. We have now started supplying the first parts for our Gears mega-programme to a major European car manufacturer, whilst in Magma, a deployment of a 2.5km flowline by Tullow Oil in West Africa supports our expectations of growth this year.
Victrex retains a highly cash generative business model, with no change to its financial position since 30 September 2017. Currency remains supportive for 2018, with the most favourable currency rates coming through in the first half and a heavy bias towards Q1. Looking further ahead, Sterling's re-rating currently implies an increasing headwind for 2019.
Outlook
Jakob Sigurdsson, Chief Executive of Victrex, said: "Victrex has made a strong start to 2018. If the strength in our Industrial business continues to offset weakness in Medical, it could offer a limited degree of upside potential to expectations, although it remains very early in the year and our underlying momentum is broadly unchanged from the second half of 2017.
"Our priorities for 2018 are to remain focused on driving growth, on cost efficiency and to show further progress in our Polymer & Parts strategy."
Enquiries:
Victrex plc:
Andrew Hanson, Director of Investor Relations & Corporate Communications +44 (0) 7809 595831
Louisa Burdett, Group Finance Director +44 (0) 1253 897700
Jakob Sigurdsson, Chief Executive +44 (0) 1253 897700
About Victrex:
Victrex is an innovative world leader in high performance polymer solutions, focused on the strategic markets of Automotive, Aerospace, Energy, Electronics and Medical. Every day, millions of people rely on products or applications which contain our materials, from smartphones, aeroplanes and cars to oil & gas operations and medical devices. With over 35 years' experience, we are moving beyond the polymer into semi-finished and finished products which shape future performance for our customers and our markets, and drive value for our shareholders. Find out more at www.victrexplc.com
Analyst and investor call:
A conference call for analysts and investors will be held this morning at 08.30am GMT. Dial in details +44 (0) 3333 000804 PIN: 22224538#
This information is provided by RNS
The company news service from the London Stock Exchange
END
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February 09, 2018 02:00 ET (07:00 GMT)
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13/1/2017
14:48 | njb67: Wound up, not me, not over an investment.
A couple of comments. You do not need to back every share that rises in price to do well on the markets. You just need to select good companies with good fundamentals and prospects, at the right price.
The fundamentals of VCT have not changed since the results in December. After years of growth, it is now facing significant headwinds that are threatening both revenues and profitability. It failed in the last set of results to offset reduced volumes in the consumer sector and is predicting further falls in volumes in 2017. Customers are also looking to switch to cheaper alternatives to PEEK.
The increase in share price since the results simply makes this a more expensive and financially more risky company to own than it was then. I have no idea where the share price will go over the next six months (nobody does...), all I know is that VCT was too expensive in December for me to take a position here and that there are better investment opportunities for me to chose from.
GLA.
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23/10/2015
10:41 | bluerunner: Very quiet thread - probably reflective of this year's share price movements.There has been a bullish article in the IC recently. On the back of their 'good finish to 2015', a comment made in their October trading update, the company appear to be navigating pretty well through some choppy waters.Historically the share price appears to have rallied strongly towards the turn of the year after late summer / Autumn dips.Tempting.
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12/1/2015
15:18 | jeffcranbounre: Victrex is featured into today's ADFVN podcast.
To listen to the podcast click here> http://bit.ly/ADVFN0105
In today's podcast:
- Technical Analyst Nicola Duke will be chatting and charting, Anite, Big Yellow Group, ITE, Union Jack Oil, Afren. Nicola on Twitter is @NicTrades
- And the micro and macro news including:
Quindell #QPP
Afren #AFR
Shire #SHP
ITV #ITV
Taylor Wimpey #TW.
Big Yellow Group #BYG
ITE #ITE
Union Jack Oil #UJO
Anite #AIE
Unite Group #UTG
Pace #PIC
Royal Mail #RMG
Prudential #PRU
Hikma Pharmaceuticals #HIK
AO World #AO.
Betfair #BET
Sound Oil #SOU
Advanced Oncotherapy #AVO
International Airlines Group #IAG
Afren #AFR
Ophir Energy #OPHR
Premier Farnell #PFL
New River Retail #NRR
Victrex #VCT
Catlin Group #CGL
Every Tuesday is Ten Bagger Tuesday on the podcast. If you know of a stock, whose share price has the potential to increase ten fold, just click the link below.
Ten Bagger Tuesday
(All it involves is filling out a form that will take you around 5 minutes and you don't personally appear on the podcast).
Once a week, on a Friday, I feature a tip from a listener to this podcast, if you'd like to suggest a stock click the link below:
Suggest a stock
(Again all it involves is filling out a form that will take you around 5 minutes and you don't personally appear on the podcast).
You can subscribe to this podcast in iTunes by clicking HERE
To follow me on Twitter click HERE
As a listener to the ADVFN podcast you can take advantage of some exclusive first year discounts on popular subscriptions:
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Please DO NOT buy any stock recommended in this podcast basely solely on what you hear. The opinions in this podcasts are just that, opinions. Please do you own research before investing.
Justin
|
14/2/2008
16:15 | liarspoker: Bit of director selling which I had missed previously.
Bit of news - http://www.processingtalk.com/news/vix/vix102.html
Bit of good share price action today. :O)
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03/4/2006
22:30 | spin doctor: Whether an imvestment returns capital growth or income is of no great consequence to the investor, who must be interested only in the likely sum of returns, discounted as appropriate (ie distant returns are less valuable than shorter term ones). Earlier paid divis can always be reinvested.
I am therefore utterly uninterested in the quoted share price of VCTs, ( illiquid and discounted as they are), but am very interested in the future sum of tax free divis over the next 15-25 or so years.
VCT investments are often structured with a substantial loan (cf share) element, both to reduce risk, and to front-load investment returns.
Distributed income is therefore a mix of income (from cash, quoted share divis and loans) and capital (from realised equity stakes).
Exiting from equity stakes in unquoted businesses is clearly difficult, and may take many years (if achieved at all).
Paradoxically the Budget changes may make the industry more competitive and offer better value and returns to the punter.
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05/12/2004
20:40 | garth: But terribly boring share price action! ;-)
G.
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07/5/2004
19:29 | timbo003: Pennine VCT (PAV) reported today (I own 4.2K)
http://www.advfn.com/p.php?pid=nmona&cb=1083954082&article=7580575&symbol=LSE%3APAV
Nice (tax free) divi of 2p payable on June 2nd for shareholders on the register on May 21st.
Current share price 58p bid, 63p offer
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PLUS1
