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Viscofan are a great company an we could and probably are learning a lot from them.....they are a much bigger entity but I still think at these levels Devro has more potential in fact a lot more potential we have an M/C of circa 270m Viscofan is circa 3B and I believe we will take market share from them our P/E is only about 10 so plenty of upside there....Devro have a lot of work to do starting with reducing debt in my opinion but as I say the market for casings and there products is huge so for now I stick with Devro.....but a good debate all the same.
Clearly, there is much that Devro has to learn from Viscofan. Viscofan is the real deal in the casings market.
hopefully 1.60 will break today....
ok so we have a little movement now...
Maybe the CFO leaving has subdued the overall news....
Well I have added again early shocked at the SP after that half year and the divi reinstatement ...this is way too cheap I expect a rise as news is read and sinks in....
Good results and a dividend! Well done for keeping the faith!
I feel rather relieved and justified in my comments on Devro over the last few months the half year results were much better than even I could have hoped for....those along with the dividend reinstated and last years that was put on hold now to be paid bodes very well, more importantly the results were excellent given the circumstances....expect a nice rise in the SP....and a climb towards £2.00 ....STRONG BUY
I did say at circa £1.60 this was too low..so at £1.38 I now feel this is way too low I have been adding and fully understand it could go lower but feel this should start to pick up as we start getting back to some sort of normality I await the half year results ....the still need to address the debt but that aside £1.38 ? really?
There is a website Covid 19 - food industry updates just food.com. There are a few businesses on there but not that many if you think just how many food manufacturers there are around the world. The businesses on there don't seem to have been too badly effected probably because of the food demand around the globe. Also the incidence of any imoact is probably in line with manufacturing more generally. I'd put the movement down to market volatility. This is a quality business.
Guidance from company at full year results was for good progress in 2020 and again re iterated in trading update in April.
Since then due to Covid-19 ,press have reported numerous outbreaks of infection and temporary closures at meat processing plants in USA and EU. Company hasn’t commented on this with an update ?
Some institutional investors have reduced their holdings. Others may see this as an opportunity.
There is doubt over the “suspended 6.3 p “ dividend being paid as it is under review.
SP has dropped ~ 30 % over three weeks.....interim results due end of July.
Good question. Why is the price plunging the depths we saw end March, when everyone else seems to have recovered a fair bit? Looks too cheap at this level I think - worth a punt surely?
What the hell happened in the first 5 minutes of trading today?
Looks as if current buyers of these shares will benefit from a good dividend payment....better than anything on the high street, as current guidance is for good progress on sales.
Devro has been a poor investment for long term holders with the SP on a downward trajectory The dividend does not compensate for the potential loss of capital.
Investors such as Blackmoor and Odyssean have bought in hoping for a turnaround in performance. With its SP in the doldrums perhaps an opportunist bid from CWK or Viscofan may be in the offing .
Well that was a pi55 poor update.....can see us down today, however if we get to 160p or below I will be adding
not so sure we will see those lows, but if we do I will be buying more this aside from the debt is a very well run company.....
Time to buy I think.. this is now too low, even considering the debt which does need addressing.......
Bought a few sausage skins again, been out for a while. I see there has been a director buy a few in the open market. As the old saying goes...whats good for the goose is good for the gander. GLA
...on no news and only average volume. UK midcap investing is certainly tricky at the moment!
A lot of resistance at 224p so that could be a struggle to break.
At 220p, it is the top of a downward trend on a weekly chart.
STOCH and RSI are looking over bought.
I don't think this share will see 300p again. Back then it had a debt of £35m while net profits were around £33m. Today, debt is over £140m while the profits are less than 2013.
For me, 225p will be the absolute top unless results come in smashing targets. The debt is simply too high for the profit the company is making.
N-singer has a target price of 240p.
Yes, it's been a long old wait for the stock to grind higher hasn't it? Hopefully we can see some sort of breakout here, and a return to the c£3 level last seen in 2015.
Took longer than I expected, but there is the 210p share price. On a longer time scale of a weekly chart, DEVO is hitting the top of the trending channel.
Does anyone have any views on how the current and escalating (African) Swine Fever outbreak will effect Devro? I would wait before dipping in here until the full implications are clarified.
I think could see 210p tops here possible in the next week in the run up to the dividend.
P/E value is good, below the industry average.
It's been a good run from 150'sp this year but looking over brought now on the STOCH and RSI as well as hitting the top of a downward trend.
A big problem here is the debt, £141.6m, being almost half of the asset value of the company, £318.4m, that has only made £12.5m profit in 2018. 2019 looks better but still the debt is a big weight with it also increasing from previous results. Ideally if a company has debt, it wants to be 3x profit at maximum which it clearly is not.
It's a good company, but looking over brought and needs to reduce it's debt.