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VCT Victrex Plc

1,272.00
2.00 (0.16%)
19 Apr 2024 - Closed
Delayed by 15 minutes
Victrex Investors - VCT

Victrex Investors - VCT

Share Name Share Symbol Market Stock Type
Victrex Plc VCT London Ordinary Share
  Price Change Price Change % Share Price Last Trade
2.00 0.16% 1,272.00 16:35:28
Open Price Low Price High Price Close Price Previous Close
1,268.00 1,250.00 1,272.00 1,272.00 1,270.00
more quote information »
Industry Sector
CHEMICALS

Top Investor Posts

Top Posts
Posted at 14/6/2023 08:09 by shieldbug
The companies attitude to retail investors is appalling.
Posted at 18/2/2022 18:33 by contrarian joe
Basic Materials one of the poorer sectors in the economy at the moment,(due to their cyclicality,) rising rates & inflation are putting a dampener on the sector.If your a long term investor you should be taking advantage on weakness,if you're a trader you've got the wind in your face.
Posted at 09/2/2019 10:38 by srichardson8
As this post is so quiet - I just don't think many private investors hold it - I shall be indiscreet and post a reply to my recent enquiry on dividend policy - as any outcome is unlikely to affect my decision to stay in.

viz.

Our dividend policy is to grow the regular dividend in line with earnings per share and then pay a special dividend if there are no other uses for the cash within the business, and only if net cash at the end of the year exceeds £85m.

More detail is in the Annual Report on page 17:
Posted at 12/2/2018 08:10 by return_of_the_apeman
 

 

 

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Current Price

2,424.00p

+0.00p+0.00%

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

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(END) Dow Jones Newswires

February 09, 2018 02:00 ET (07:00 GMT)

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Posted at 08/2/2016 12:19 by losos
srichardson8 - I can't add anything to the figures, there was talk last November about a 'new capital framework' which would enable future returns to shareholders via 'special dividends' of course I get the feeling that this would only happen if markets were 'normal' and right now I don't think they are.

I've been a small private investor for a long time and I don't think I've ever seen so many negative trends happening at the same time (China, commodities, oil, Europe, not to mention the BREXIT scenario)

Logic says that one or more of these should resolve in 2016 let us hope so.
Posted at 12/7/2012 13:08 by praipus
Charts of VCT discussed so far:

OXT


OTT


OAP# Octopus Apollo VCT's 1,2,3,4





NCC


FTFC


Crown Place VCT CRWN


Kings Arms Yard KAY


Albion Technology & General VCT PLC AATG


Ortus VCT ORT See post 12 for more info.


ILV1 Ingenious Live VCT 1 plc


ILV2 Ingenious Live VCT 2 plc


AAEV Albion Enterprise VCT plc


PEQ Private Equity Investor plc


FTV Foresight VCT PLC


Downing Income VCT 4 DI4o


Maven MAV4
Posted at 31/3/2006 07:52 by hazelton
david77 , again I just do not understand what the board of the VCT were doing as the investment sailed downwards over years. There are many examples of this. Currently AIM VCT 2 has raised only 1.7 M and many others seem to have a poor showing. I doubt that these groups will ever make any money in the VCT market and its a shame that investors have had such a bad time with them.
Posted at 28/3/2006 00:17 by spin doctor
Fun and games. As stated above, this year's VCTs (and former) are unaffected by Gordon's shenanigans, ie 40% relief, £15M gross assets, 3 years hold to maintain tax perks.

Most of the AIM VCTs have been poor performers, and AIM VCT is no exception, and barely a glimmer of NAV increase this last 6 months despite general AIM bullishness.
AIM VCTs are definitely constrained cf. their non-VCT peers (see earlier posts, eg w.r.t. company size, sector etc), but clearly investment manager quality is to some extent responsible. Or maybe we as retail investors are being taken for a bit of a ride - ie we are often non-discriminating, especially when drawn in by a tax perk, so maybe obviously dull/high risk shares are loaded into VCTs whilst the more high performing gems go to non-VCT funds where poor performance would be rapidly penalised.
It would be interesting to ask F & C how they explain the 60% or so difference in performance 2001-2006 between AIM VCT2 and Active Capital - both AIM funds, both managed by them. Some of that will relate to greater distributed dividends by the VCT, but only a few pennies. Their top 10 holdings do not overlap at all.
Interesting that Baronsmead AIM VCT prospectus quoted a 7% p.a. return (after charges I think) on their AIM investments within their general VCTs. If that's the case that puts them right at the top; and seems quite acceptable to me given the limitations of VCT inv. Note that baronsmead delivered yet again last month with good NAv gains and distributions across the board.
Posted at 27/3/2006 13:43 by hazelton
david77 , I have just noted on the Bestinvest site that AIM VCT2 has 39.4M of funds to raise by next week with 600K raised already. A clear signal from investors.
Posted at 19/2/2006 23:12 by spin doctor
Oh, forgot to mention an example of the tax tail wagging the investment dog(no pun intended but on reflection it's a pretty good one).
The performance incentive on one of the protected funds (Downing I think) cuts in even if the value of the underlying investments falls over 5 years!! Because of the 40% break, the benefit to the investor is +ve, and the prospectus says something along the lines that "investors will consider this a satisfactory return". Well not me, and as an investment house/manager I'd be embarassed to be associated with it.
And no wonder that Gordon B and the IR are looking a bit harder at the behaviour of some funds.

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