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Yep. Nice to have a few new posters on Devro. I was getting a bit lonely there for a while...:-(
Agreed and with the lower production costs we need to see an increase in volume to support this.
..will require the new factories in the US and China to come fully on-stream and be accepted by the buyers. This might take 6 months or so. management and potential not in doubt though.
All looking good here. Appears all the large sells recently being absorbed by another confident II as per RNS. A close above 240 will give a bullish outlook and hopefully a continued rise northwards.
🚀🚀🚀
good breakout at the end of the day..
Hope so.
good trade at the end
big buy no automatic.. good
Is it time to jump in?
...so good, I posted it twice (by mistake..)
....but I can at least congratulate myself on a job well done as Devro price moves towards £3. Hurrah!!
....but I can at least congratulate myself on a job well done as Devro price moves towards £3. Hurrah!!
...obviously feeling good about purchase below, and frankly upward move makes sense. Aside from the long term fundamentals being good (new factories about to come on stream in US and China), they're a significant earner of foreign currency which when translated back to £ should create a nice profit windfall. I won't be reducing till about £3.20! Anyone else ever look at this Board? Guess I'm just talking to myself then....;)
Well I've just bought some more at 246p. Demand remains intact, whilst the huge investment cycle is now coming to an end which should see a strong recovery in margins and free cash flow.
....but can't see any news. Any ideas anyone??
Having had nice run up to 320p earlier in the year, we are now back into the 270s with what looks like a rather persistent seller over the last few days. It appears as though we're range bound (270 to 320) until we see definitive results from the new plants and restructuring undertaken in the last few years. Below 270p, time to add I reckon!!
Are Devro plc Set To Soar? http://www.fool.co.uk/investing/2015/11/17/are-afc-energy-plc-smiths-group-plc-devro-plc-set-to-soar/
Did top up on Friday at 280. Fingers crossed for a gallop to Xmas .
Well I think today would offer a good opportunity if you haven't done it already Lance.
Time for a wee top up I think . Any views ?
Devro profits recover ahead of Asian expansion: Sausage skin maker Devro, which is currently embarking on an ambitious overseas expansion plan, enjoyed a recovery in profits during the first half of the year. Peter Page, Chief Executive of Devro, is passionate about his product. He believes Devro’s collagen casings (sausage skins), are better than its competitors’ products that use more traditional animal gut. Meat consumption has increased in emerging markets, because people eat more animal products as they get richer. It is also investing £100 million developing new facilities in the U.S. and China. These factories are expected to begin production by the middle of next year. The company said pretax profits increased to £9.6 million during the six months to the end of June, from £1.6 million last year. Revenues increased by £3 million to £112.7 million in the first half, leading Mr Page to point out that “market demand is strong”. Shares in Devro now trade on a price to earnings ratio of 19.3 times. That rating looks quite high given the challenges ahead during the next 12 months. The last time Questor looked at the shares (Sell, 211p, April, 2014), the recovery was far from certain. With profits now heading in the right direction and an exciting expansion phase ahead we are happy to upgrade. Devro at 320p +21.25p. Questor says “Hold.”
Looks like demand is holding up well, and with new capacity coming in US and China over the next few years. Not the cheapest midcap in the world, but certainly high quality and reasonably predictable growth.
Very nice bounce indeed. Quite a relief I have to say - you see a 10% fall in a mid cap stock and you wonder what the hell's happened that you missed. Looks like this was one of those rare occurrences when the fall was genuinely on no news! Lance, you were right about the buying opp although I'm sad to say, I couldn't bring myself to do it.....!!
Weird!! Nice bounce today though!