Next leg up. Back in after a nice little profit from the last run. |
Struggling to stay above £10. HL reports of P/E around 19. Looking at the 5 year growth history this seems high to me. |
Looks richly valued to me. A dividend that is not fully covered. No sales growth for at least 5 years (a decline after inflation). In fact how long have sales been flat? Declining margins. Competition. A plant in China with, presumably, a risk of technology leakage ( think Tesla or VW and the new Chinese competitors). Customers in old failing industries like German automotive. We need to hear more about new radical innovations that will bring back the old Victrex. |
Above 200 day MA. |
Directors buying |
Capex reducing. Ramp up in China 100-200 tonnes. Inventories falling. Things could be positive from here. |
Vidacos Nominees Ltd, these guys did their research and went 5% to 10%, well done too, a 46 pence dividend posted, but underlying financials were weak, green shoots of a turnaround could be showing with the 1st 1,000 a tonne quarter, but sales and margins progress need to follow to support a sustained share price recovery..
Not sure a 46 pence payout justifies the 125 pence gain this morning, so will watch and wait a little longer today, 6% income still interesting IF growth follows.. :o) |
Seeds of growth in a poor report must be the driver of this hammered stockIt will take three quarters showing recovery for this to gain market support I'm buying |
Well I guess the market was expecting worse! |
Results out, dividend maintained but not covered, EPS/PBT slumped with margins, some progress in Q4 volumes but FX headwinds for 2025 look challenging while de-stocking persists..See how well received by the market at 0800.. |
Chunky final dividend maintained. |
This used to be a £30 stock not so long ago so at £8 the market has absolutely butchered it.
Expectations are super low and the CEO must be on very thin ice... |
Big week coming up here 03.12.2024 for results..
Is the dividend covered, or is it going to get a haircut further depressing the share price..?
CRDA posted strong results, a well covered dividend but the share price went straight into reverse on the sector outlook despite reasonable financials in November..
China facility results will be interesting, could it be an entry opportunity soon..?
H1 2024 net debt GBP49.8M including cash of 28.5M
H1 2023 net debt of 5.3M including cash of 38.4M
Nice yield at c7% now..? |
Did they issue any statement as to why they did this? Or is it all kept secret? |
Good to see some research on the fund going from 5-10%, not 1 I know much about, but waiting for the results to see IF the dividend is covered looks a sensible approach., no position yet, but it could be closer .. :o) |
It would be great to know why they did it. It does suggest we are bumping along the bottom for the time being. Everything hinges on the December results. seems these guys think they won’t be cutting the dividend. |
same ones who bought it originally far higher up no doubt! |
I'd add that it's likely not just a brave bet, Ameriprise will have had some of the finest financial analysts on the planet looking at this one before they upped their stake. |
Edward T, As you say it’s a ‘bet’. I like to invest with reasons. Every day seems to be a new low. |
Still on the watch list this one, brave move to double down there by a fund (Vidacos Nominees Ltd), but good to see all the same.. :o) |
bet private equity will put us out of misery and make a killing over 5 years here. |
ballsy move doubling stake to 10%- lets hope they have a plan... |
It’s hard to see how things will get better anytime soon. The German car industry is in crisis, USA tariffs when V has no USA PEEK factory, the Chinese economy (especially after USA tariffs), the competition. Also I worry about innovation. They talk about PEEK film, pipes, 3d printing…... But those things are done with most plastics so are not really that innovative. Looks to me like the Original cash cow acquired ICI and the early days is getting old. |
Also on the sidelines. The downtrend shows no sign of ending, thus there’s no entry.
Falling knife, a total gamble.
If there was a bid I’d miss out, but hey, still not worth the gamble.
I also think the P/E, despite the fall, isn’t in deep value. Far from. |
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