We would love to hear your thoughts about our site and services, please take our survey here.
London South East prides itself on its community spirit, and in order to keep the chat section problem free, we ask all members to follow these simple rules. In these rules, we refer to ourselves as "we", "us", "our". The user of the website is referred to as "you" and "your".
By posting on our share chat boards you are agreeing to the following:
The IP address of all posts is recorded to aid in enforcing these conditions. As a user you agree to any information you have entered being stored in a database. You agree that we have the right to remove, edit, move or close any topic or board at any time should we see fit. You agree that we have the right to remove any post without notice. You agree that we have the right to suspend your account without notice.
Please note some users may not behave properly and may post content that is misleading, untrue or offensive.
It is not possible for us to fully monitor all content all of the time but where we have actually received notice of any content that is potentially misleading, untrue, offensive, unlawful, infringes third party rights or is potentially in breach of these terms and conditions, then we will review such content, decide whether to remove it from this website and act accordingly.
Premium Members are members that have a premium subscription with London South East. You can subscribe here.
London South East does not endorse such members, and posts should not be construed as advice and represent the opinions of the authors, not those of London South East Ltd, or its affiliates.
Brewin Dolphin reiterated its "buy" recommendation for Devro (DVO), with a 340p target price. The broker notes that first half growth was ahead of forecasts, with pre-tax profits up 19% to 19.6 million pounds, with sales up by 2.4%, despite being down after the first four months. Brewin also approves of the food casing manufacturer selling its third party distribution division in Germany for 1.9 million euros (1.66 million pounds) which will allow it to focus on its core business. Shares in Devro sizzled up 9p to 262p.
http://www.investegate.co.uk/Article.aspx?id=201108020700115302L
be to break? Good share to have with good dividends.No plans to sell for a good while yet. Mulledwine, you seem to be around quite a bit, in your opinion would this be a good share to put in my sipp, as I've just set one up? Any advice appreciated
Goes ex-div. Not a bad share to been in, IMHO
Sausage skin maker Devro has been mulling how to expand in potentially the richest market, China. Analysts had pointed out that a new plant there would cost 60m and would limit expansion in other growth markets, such as Russia or Latin America. Yesterday it ruled out new build, preferring “other options”, probably a joint venture. This will come as a relief, while all those other positives are there. The shares, on just short of 15 times’ this year’s earnings, look up with events, though, says the Times.
Sausage skins maker Devro produced full-fat results for 2010 with operating margin improving sharply to 16.1% from 12.4%. Profit before tax and exceptional items in 2010 rose 44.4% to £36.3m from £25.1m in 2009.
Looked like a great set of results to me and the dividend up40%
Ahead of full-year results next week, Panmure Gordon re-iterated its "buy" rating for Devro (DVO), the food industry casings producer, with a 275p target price. The broker expects the company will report a 10% increase in revenues to 243.2 million pounds for the 12-months, and a 47% jump in pre-tax profits to 36.8 million pounds. This, it added, equates to an earnings per share of 16.5p. That said, Panmure believes the business remains well positioned to deliver growth from conversions and expansion into new markets, and expects ongoing investment in capacity and efficiency to underpin steady operating profit margin expansion. Shares in Devro rose 2.3p to 233.8p.
does it go ex div at close today, or as it already gone
Tipped over recent days and showing a rise this morning.