The latest Investing Matters Podcast episode featuring financial educator and author Jared Dillian has been released. Listen here.
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£50m share buyback commencing today as the initial step in VSVS's strategy to return surplus cash to shareholders. Nice
5%+ divi due to be announced in a few days, along with a bullish forward statement imho.
2023 looks terrible
Tempered with caution, but surely this should be up more than this ! ?
OK, resistance gone, could go anywhere now... GLA
Very strong update... GLA
Would like to buy in around 300p here given the chance but might pull the trigger a little sooner. I think this will make a move soon. Looks like selling pressure is declining but results not until July so might drift until then. 280p a possibility in my opinion but who knows for sure. Trading announcement in May potentially? What are the near term earnings risks here other than the market wanting clarity around energy costs and raw materials pricing, although costs seem to have been offset with regards to materials somewhat. Some nice director buys too.
https://www.tipranks.com/stocks/gb:vsvs/forecast
Analysts Target 473p
on Average
anywhere around here looks decent imv
Covid low was about 325, sounds like a good entry point to the me.
This share follows the market and the trend now seems down, down. So it could go lower.
Did everyone have a good Xmas?
Hello, anyone here??
This looks massively over done now. Adding some more even though I am apparently speaking to the ether! I guess bigger companies are less interesting on these boards than speculative AIM minnows.
Can't quite believe we are back at these levels. I know China has been depressing steel volumes due to power shortages, but this drop looks to be over done particularly after the half year results.
I'm back in again, sold at 550 , surely heading back there by March latest.
Vesuvius is a world class company. It operates in cyclical markets and has the experience to navigate its way through. In making steel manufacture more efficient, it is also a leading 'green' company. The current share price looks to be far too low.
550 target more likely, sailed past 450 now and still cheap.
Immense value in Vesuvius, says Peel Hunt
A profit warning from ceramic mould engineer Vesuvius (VSVS) has not dented Peel Hunt’s faith in its ‘robust’ business model and its belief in ‘immense value’ over the long term.
Analyst Harry Philips retained his ‘buy’ recommendation but reduced the target price from 715p to 600p. The shares are down 16% since Tuesday’s profit warning and were yesterday trading at 348.8p.
Vesuvius substantially downgraded its outlook out to 2021 on a weaker global economy and a ‘major realignment’ in UK industrial forecasts.
‘The key factor is that the business model remains robust and will continue to take share so our confidence in the broader investment proposition remains unchanged but we accept that in the short term, investors are understandably going to want to see the dust settle,’ said Philips.
He said there was ‘immense value in the company which is now trading on 2020 price/earnings of just 8.1 times with a dividend yield of 6%’.
Small buy here at 331. Will top up at 299 if it gets there.
JP Morgan overweight rating with a target of 593. Looks like the fall yesterday was overdone and see some big buys today
picked some at 338p hopefully a small rebound
Even at £190M the p/e is flatish from previous yr at 8.5. Yield is 5%. Had a few at 344 and with 2 profit warnings already (and assuming the old adage 'comes in threes' ) , i hope to be close to the bottom.
...increased by an impressive 5.8%, Oct 17 to Oct 18, per press release today.
Should give the shares a much-needed lift.
Or will nothing breathe life into this share?
Very positive, as expected. If/when the market responds is anyone's guess....
...up 4.1% Apr to Apr. Yet more great news for Vesuvius, which celebrates by promptly dropping 1% in a generally flat market!