Volution Share Discussion Threads

[philanderer] 04/7/2023 13:46

Marlborough’s Hallett turns up the heat on Volution


Marlborough manager Richard Hallett has added to his position in ventilation group Volution (FAN) as air quality and energy efficiency become a key building concern.

Hallett holds the stock in his £185m Marlborough Multi Cap Growth fund, and in a recent outlook said he had upped his position in the Citywire Elite Companies AA-rated stock, which traded sideways at 378p on Monday.

‘One small-cap we have added to is Volution Group, which supplies the construction industry with market-leading ventilation equipment to increase energy efficiency and avoid air quality problems in modern, highly insulated homes,’ Hallett said.

‘The company has made several sensible acquisitions and is growing its market share.’

When picking stocks, Hallett said that he employs ‘very stringent criteria to select stocks for the fund’.

‘We look for companies that have a sustainable competitive advantage in a sector underpinned by a long-term structural growth trend,’ he said.

‘We believe these businesses should be able to maintain their growth trajectories irrespective of the wider economic backdrop, and this is what appears to be happening in the vast majority of cases.’


citywire.com

[richsawko] 23/6/2023 09:32

Can someone explain the crazy price movements of this share as I am somewhat confused by it. They reported excellent results and forward order book and yet plummeted by almost 30%

[wildchild] 18/6/2023 20:46

1c3479z : Thanks for your reply. I can't believe how quiet this board is.

[1c3479z] 18/6/2023 18:05

some say it's to do with building materials weakness as a result of Travis Perkins's warning with Marshalls, genuit, wickes, all falling?

[wildchild] 18/6/2023 15:51

Anyone any idea whats caused this recent drop ?

[richsawko] 09/3/2023 12:28

Great results and good Rise as a result

[welshblade1] 13/12/2022 17:42

Well I was wondering why it went up yesterday too, but I have a tendency to focus on the negatives

[richsawko] 13/12/2022 17:25

Probably because it rose by that much yesterday

[welshblade1] 13/12/2022 16:17

Anyone know why share price is so badly down today when market green everywhere else

[philanderer] 07/10/2022 09:54

Volution can close valuation gap, says Berenberg


Ventilation group Volution (FAN) has delivered strong 2022 numbers and Berenberg believes this puts it on track to narrow the valuation gap with its European peers.

Analyst Lushanthan Mahendrarajah retained his ‘buy’ recommendation and target price of 460p on the stock, which was trading 5.9% higher at 325p on Thursday afternoon.

‘Volution has released strong full-year 2022 numbers, with earnings per share 2% above consensus expectations,’ said Mahendrarajah.

‘While we make limited changes to our forecasts as we continue to be wary about end-markets, Volution’s current trading remains robust, and we believe the group is very well positioned given its sector-leading pricing power, regulatory tailwinds, an increasing focus on indoor air quality and its strong balance sheet.’

Mahendrarajah added the group continues to build on a strong track record and he now expects ‘the valuation gap versus European heating, ventilation and air-conditioning peers to narrow’.

citywire.com

[kalai1] 06/10/2022 13:10

Volution Group plc posted solid FY22 results today. Revenue was up 12.9% to £307.7m, adjusted EPS was up 14.3% to 24.0p delivering a compounded annual growth rate of 13.4% since IPO in 2014. The Group's product and geographic diversification was further increased in the year, with non-UK customers now representing 61.6% of revenue. The new financial year has also started well, delivering revenue and profit ahead of the same period last year, management expect to make further progress in the year ahead. Valuation is average and the share price remains in a 10 month correction for now. A decent company, but a share to monitor for now...

...from WealthOracle

hxxps://wealthoracle.co.uk/detailed-result-full/FAN/564

[richsawko] 21/7/2022 07:17

Good results forecast and future growth positive. Should power up again after a painful few months

[pugugly] 16/4/2022 10:42

p/e far too high - personal marker at 401/402.

[richsawko] 11/3/2022 09:52

Why the massive drop on such good results? This market never seems to make sense

[km18] 17/2/2022 17:39

...from last year...

Company overview:
Volution Group plc is a supplier of ventilation products to residential and commercial construction markets in UK and northern Europe. Their focus is on design, manufacturing and distribution of unitary and systems ventilation products and equipment. In addition, Volution has a full production line of motors and components for air movement applications and gas boilers. Company’s purpose is to provide healthy indoor air in line with health, regulatory and consumer developments. Volution is spending on average 2.4% of their yearly revenue on innovation for the benefit of the client and the environment, while 81% of their revenue is generated by products made in house.
Continuous development of new products has generated an 11% 5-year revenue CAGR. Impact of Covid 19 has been partially mitigated by their geographical diversification, and liquidity for last year was boosted by record cash generation. First half of 2021 was characterised by 7.5% organic revenue growth and great sustainability levels as company got closer to target revenue from low-carbon products and percentage of recycled plastic used in products. Volution is expecting earnings for FY21 to be ahead of expectations, driven by strong growth in all markets. Total revenue is expected to be in the region of £270 million – 15% more than FY19 results....from WealthOracleAM

[philanderer] 12/10/2021 12:05

Peel Hunt downgrades Volution after strong run

Peel Hunt has downgraded Volution (FAN) after a strong showing from the ventilation group left the shares with less than 10% upside, according to the broker’s estimates.

Analyst Clyde Lewis downgraded his recommendation from ‘buy’ to ‘add’ and increased the target price from 495p to 510p on the stock, which was down 1.3%, or 6p, at 461p at Monday’s close of trading.

Lewis said full-year results were ‘as expected’, with profit soaring 70% to £53m.

‘While supply costs and pressures are persisting into the current year, we believe the underlying market strength should allow full recovery from higher prices,’ he said.

‘Over the medium term, the regulatory tailwinds should continue to provide healthy support for the group.’

However, Lewis said despite the raised target price there was ‘less than 10% upside’, prompting him to lower his recommendation.

[philanderer] 08/10/2021 10:52

Liberum is a fan of ‘well-placed’ Volution


Ventilation group Volution (FAN) has restored its margins and continues to resolve the challenges it faces, says Liberum.

Analyst Charlie Campbell retained his ‘buy’ recommendation and target price of 560p on the stock, which dipped 1.8%, or 8.5p, to close at 466p yesterday.

He said the 2021 results showed ‘it achieved its target of restoring margins back above 20% and did this despite supply chain disruption in the second half’.
‘We leave our estimates unchanged as supply challenges continue to be resolved and cost pressures mitigated by price rises,’ said Campbell.

He said the group has made progress on environmental, social, and governance (ESG) targets and is ‘very well-placed to win from tightening building regulations and a growing awareness of the importance of ventilation into buildings’.

[philanderer] 04/10/2021 10:36

JEFFERIES INITIATES VOLUTION GROUP WITH 'HOLD' - TARGET 550 PENCE

[philanderer] 04/10/2021 09:31

And continues to be b+ll+xed .

[philanderer] 27/9/2021 14:11

Vent-Axia’s ‘COVID-19 Support Campaign’ Shortlisted in Prestigious HVR Awards

[philanderer] 25/8/2021 23:33

Ronnie George, CEO of Volution Group, outlines the importance of sustainability reporting and how businesses can build an ESG strategy to increase stakeholder confidence and enhance corporate reputation.

At Volution, our purpose is to provide healthy indoor air, sustainably. Our commitment to operate sustainably, and to help our consumers do the same, is central to our strategy, product offering, culture and capital allocation policy.

Not only is the aim of protecting the health of people and the planet a core driving principle in the evolution of our strategy with these values embedded across the company, we also understand that it is a key concern for our stakeholders. Communicating our approach to sustainability, and how we intend to meet the ambitious financial and operational targets which we have set ourselves, is a key priority for us, and as a result sustainability reporting is now one of the most important sections of our annual report.

Corporate ESG and sustainability policies have become increasingly important to all stakeholders, including institutional investors, over the past decade. This is a trend which has accelerated over the last 18 months in the face of the Covid-19 pandemic. With this increasing awareness has come a requirement for clearer and more accurate ESG reporting within financial and broader corporate communications.

[philanderer] 25/8/2021 17:54

Nice bounce back today , 500k traded again