Victrex Share Discussion Threads

[justiceforthemany] 03/12/2024 11:23

Directors buying

[shieldbug] 03/12/2024 09:54

Capex reducing. Ramp up in China 100-200 tonnes. Inventories falling. Things could be positive from here.

[laurence llewelyn binliner] 03/12/2024 09:33

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)

[ch1ck] 03/12/2024 08:48

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

[edwardt] 03/12/2024 08:16

Well I guess the market was expecting worse!

[laurence llewelyn binliner] 03/12/2024 07:19

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..

[justiceforthemany] 03/12/2024 07:15

Chunky final dividend maintained.

[justiceforthemany] 02/12/2024 13:12

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...

[laurence llewelyn binliner] 30/11/2024 10:34

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..?

[dax1803] 14/11/2024 19:21

Did they issue any statement as to why they did this? Or is it all kept secret?

[laurence llewelyn binliner] 14/11/2024 16:13

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)

[dax1803] 14/11/2024 15:26

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.

[edwardt] 14/11/2024 14:45

same ones who bought it originally far higher up no doubt!

[indiestu] 14/11/2024 13:25

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.

[dax1803] 14/11/2024 11:40

Edward T, As you say it’s a ‘bet’. I like to invest with reasons. Every day seems to be a new low.

[laurence llewelyn binliner] 14/11/2024 11:37

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)

[edwardt] 14/11/2024 10:38

bet private equity will put us out of misery and make a killing over 5 years here.

[edwardt] 14/11/2024 10:18

ballsy move doubling stake to 10%- lets hope they have a plan...

[dax1803] 08/11/2024 10:15

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.

[pretax2] 05/11/2024 08:00

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.

[scepticalinvestor] 04/11/2024 18:50

Next stop 500p

[indiestu] 01/11/2024 12:33

I'm in after Wednesday's volume spike, clearly there are some buyers out there. My theory is there will be a lot of cash coming out of US tech and AI plays that needs a home. There are so many great UK small and Mid cap industrials going at bargain prices. Considering the relatively low levels of liquidity they could move up fast once some positive momentum gains traction.

[laurence llewelyn binliner] 29/10/2024 18:33

Yup, watch and wait for the results in Dec IMO and see what their outlook is like for 2025..

The share price now at 2010 levels has pulled back from 2600 pence (2021) to 850 pence (2024) is clearly a concern, IS this competition eating away at their sales volumes, or is the market space shrinking for their products due to better/cheaper alternatives..?

The China factory should be making/selling product in H2-2024 and we know this is a big market and could benefit from the next stimulus package, the Peek knee studies could also open up a market for VCT too..

[dickbush] 29/10/2024 16:13

Hi, LLB. I'm not in yet but, like you, wondering when the cycle turns for this one. It has been one heck of a decline in the share price.

Analysts see a much better 2025: 72.5p v 59p for this year. What p/e do you put on a company that is now more obviously cyclical?