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Yep.. Going straight to third stage...
Thank you for your post. I will read it this afternoon. Step 2 and 3 are yet to be implemented. I am more concerned that in the next few days people lose their bottle and turn to cash before the Autumn statement. Personal debt just keeps getting bigger and bigger and there comes a point when people have to stop and pay it back... Six of us sat round a table on Friday night and agreed we did not have any so we could only surmise some people have our share!!
Before 'jumping in' I would recommend all to peruse an article in the FT today giving a comparative (and unbiased) review of Devro and a larger (more diversified) peer. Here is the title published on 20 Nov:'Cranswick and Devro deliver two very different porcine tales.'
Another top up for me tomorrow . Convinced this is over sold given all the data available .
I am a buyer here, I've been looking at Devro for a long time and simply cannot resist this price. I think hopefully any bad news and expectations are out there. If however things don't improve then I think it would make a tasty acquisition for somebody especially something US based at the moment. I wonder to those with better knowledge of this share and sector what companies might have products which Devro could sit alongside?
I'm out too Ian, sometimes things take a little longer to than I'm willing to wait. Far too impatient me. I've moved over to Dfs for the big dividend and value there. Good luck to all those more patient than me, you're going to do very well over time here. Ste
I was in and out quickly, I thought it might be another Redcentric, but no, so I am out at same price as in, and gone to Interserve (IRV), already in the blue for me.
Your 1-2-3 method has all the hallmarks of a persistent trader. I am especially taken with number 3! We all need recourse to that at times. Good trading.
Always hard to pick a bottom but try always to buy in two or three lots over a period. If the first lot go north then stick. If they drop slightly then add.. watch and decide on third lot. Then pray....
Methinks you 'jumped in' too early. But only time will tell. Good trading.
I read all the latest rns and think the transition has not gone as well as expected but even with the next quarter problems to be resolved this is an excellent recovery stock. I have jumped in yesterday and just hope I do not get skinned!!
Got in myself at about 186 yesterday - it's a game I've played a few times in recent years, not always too successfully. Here's hoping for a nice bounce on Fri morning. Now, if only my other big 'bet' over at Nanoco would pay off....patience is a virtue and all that.
Hi Ian, Director buys and a couple of big buys being reported after hours. As you mentioned, it's become Redcentric 2. I wish we could find one of these each day, I did ok with the same situation at spd but lost a fair bit when I tried it with Majestic Wine. Good luck mate, it's nice to see others making a few quid as well, most of the time I find this game pretty tough so it makes a change to have a good week. Ste
good to see you again steello I see all of the directors are buying at this lower priced opportunity...a good sign!
I'm in with £20k. Looking for a repeat of Redcentric myself. GLA
The share is taking the same path at Redcentric earlier in the week, a huge over reaction and some good money to be made!!
Fill your boots. An over-reaction .
Looks a very good bargain!
Agreed. Very very disappointing. Hard to work out whether this is a market trend or simply the slow acceptance of the products from their new manufacturing plants.
profit warning....not good... could be a self off early doors, but this is a solid company and i will buy into any big dip....
Here is my take on what the 'market's signal. With the big stocks (Glaxo, Rio, Shell etc) most trades are conducted using leveraged products like futures and CFD's etc. This pricing distort underlying real markets and does not in general reflect the market value, and creditibilty, of companies operating in the real environment. These speculative, leveraged bets are great for traders but when it comes down to actual real market signals, it is the small fry like Devro who have a sound business, are dollar earners, well managed, and overall highly stable. Share trading essentially reflects the underlying real market, and leveraged bets seldom if ever come into play. It's what people actually think, their real market expectations. When I see Devro share price decline, given the putatively positive tailwinds of sterling's decline etc, I am mindful to look at this and wonder if something specificlally is going on with Devro, or is it a broader real market signal. On that point you have to make you own determination, and act accordingly. - I think this elucidation of my earlier comments helps, and welcome and comments, or elaboration on the points raised, of your own. Good trading.
Ok, thanks Seifert. Difficult to work out how a UK-based company with revenues in dollars hasn't just had a windfall from the fall in the pound. How would you explain this not being the case?
The consensus is with you on that. But I am not so sure. Little things have a habit or spawning all kinds of events. So I am keeping an eye on this one if for no other reason that that I like canaries. Good trading.
er....no. I think I'd still go with the millions of investors trading in Glaxo, Astra, BP, Glencore etc etc than the far smaller number dealing in an (albeit global) sausage skin maker. Sterling earnings will be boosted by the fall in sterling for international companies - it's a tautology.
This stock jumped up to 260 when the pound slumped a few days ago. Then dropped as the pound recovered. Now here we are with the pound slumping even more, yet this fails to soar? Is this telling us something that so many other 'dollar denominated' stocks are missing? Is this a canary in the coal mine? Any comments welcome.