Victrex Share Discussion Threads

[ch1ck] 19/5/2023 08:30

OxmanThe only one I know was back in 2011 but nothing I know of now. This was from an article back then.The prospect of Victrex becoming a bid target was highlighted yesterday as positive broker comments helped the high-tech plastics company to surge up the mid-tier index.The Lancashire-based group was driven forwards 45p to 1,395p, with traders pointing to the decision by Goldman Sachs to name it as the broker's "top pick" in the mid-cap chemicals sector. Initiating coverage on Victrex with a "buy" recommendation and a target price of 1,830p, Goldman described it as an "attractive acquisition" target because of its "unique technology and customer relationships".Recommending the group toinvestors, the broker's analysts said it "presents an excellent opportunity to buy a consistently high-returning company", and they also praised its peers Croda and AZ Electronics, saying that all three "produce specialised products and operate in niche,

[justiceforthemany] 12/5/2023 17:59

x2 director buys, small amount IMO
CEO shamefully refuses to put his hand in his pocket, expecting freebie shares no doubt.

[adrunkenmarcus] 10/5/2023 08:29

Full disclosure: I held October 2015 to March 2023. I should’ve sold in 2018 when the shares had doubled!

[its the oxman] 10/5/2023 08:01

Thx Ch1ck. Has there ever been names in the frame re speculation on who might be interested in bidding for Vct.

[justiceforthemany] 09/5/2023 21:23

More than the CEO who should be sacked. Or resign if he has any shame.

[ch1ck] 09/5/2023 15:53

How many share does Justice own?

[justiceforthemany] 09/5/2023 11:15

CEO is on thin ice now. His shareholding is disgraceful and we have let the board know this. We also find it hard to believe a bid has not come in for the company.
Net Cash.

[its the oxman] 09/5/2023 11:15

Should of been braver and bought more. Recovering a bit.

[ch1ck] 09/5/2023 10:43

OXMANCHINA, INDIA AND THE REST OF THE WORLD REBOUND.Everyone expects an up tick in production and China is a massive consumer of commodities however the bounce back has been more subdued. A rising tide raises all ships so to speak. VCT has just reported lower sales but higher sale prices this means that a recovery would push profits to new levels

[trident5] 09/5/2023 10:24

Mega projects is a bit of a misnomer - they've been minor for a very long time. Does look a bid prospect though, but has done so for several years.

[its the oxman] 09/5/2023 10:04

Opportunistic first purchase today for me c.1500p. Would appreciate if any holders could elaborate on significance of China start up , the mega projects/revenue, and or if this co is ever likely to be bid for. Hoping fall today is overdone , 4% div helps as well.

[ch1ck] 09/5/2023 09:20

Solid company with multiple income streams which balance out fluctuations in demand.The ability to post a profit despite the fall in demand in the aero and electronics business for me is a strong indicator it's time to get more.The fall is way overdone and is an excellent opportunity to grab these at a discount to fair value.Most pundits have called the last quarter the bottom of the down turn (Bloomberg)Picked up more

[justiceforthemany] 09/5/2023 08:57

Yes I was right. Sell off
China start up this year.
Will add half the annual current volumes.

[justiceforthemany] 05/5/2023 18:16

Interims Tuesday after BH
I suspect the usual sell off then recovery and 'H2 weighting' claims.

[ch1ck] 04/5/2023 08:32

Bot buying Someone is building a stake '

[trident5] 24/4/2023 22:14

I've been thinking that for about 5 years.

[justiceforthemany] 24/4/2023 21:39

Sitting duck has to be - look at the balance sheet and at a decade low!

[shieldbug] 18/4/2023 11:12

Are they perceived negatively as being an oil and gas play?

From the AR "Risk: A proportion of the Group’s sales go into industries expected to decline due to climate change (driven by both government policy and consumer behaviours), including Oil & Gas and internal combustion engine based transportation." - "Approximately 18% of sales currently go into Oil & Gas and ICE related Automotive applications."

[masurenguy] 16/4/2023 13:57

"Victrex manufactures PEEK, a plastic material used in everything from medical implants to mobile phones. The material is “high-quality” and “game-changing” but unfortunately for the company, the markets it operates in are “cyclical, competition is rife” and expansion has been “slow and costly. The company has a net cash balance, “historically enviable profit margins” and there is the prospect of further special dividends and share buybacks. But there are some valid concerns. PEEK is protected by patents, but alternatives exist. However, the shares pay an attractive dividend and are trading at a 25% discount to their average, meaning now is a good time to buy 1,569p." The Times

Net cash £66m but last years dividend represented a yield of only 3.8%.

[justiceforthemany] 13/4/2023 17:20

Interims just 3 weeks away.
Input costs have to be falling and hopefully a more positive outlook. China also now fully back open.
DECADE LOWS HERE.

[justiceforthemany] 13/4/2023 14:48

Balance sheet is the biggest positive for this company. For an industrial to have no debt and possess net cash makes it extremely attractive for acquisition.

[ch1ck] 12/4/2023 16:12

Looks like the share has bottomed so bought in. The dividend is ok with a lot of up side.

[justiceforthemany] 06/4/2023 18:57

P/E now around 15 and that is not adjusted for their net cash which is probably around the £100M mark now

[ch1ck] 04/4/2023 09:19

I was just looking at the share. I'm buying these over the next few weeks. I just want to see if they break below 15

[justiceforthemany] 02/4/2023 16:38

Tempted to increase stake
Very low SP
Why has this not been taken over yet?
NO DEBT