gamesinvestor
21 Oct 2016
Re: today's update Mmm --- maybe the trend is reversing.Games - leaving Hanoi (crazy place), for Halong Bay.
Mr Jinks
13 Oct 2016
Re: today's update Despite all the positive sentiment expressed on this board, the SP has been dropping steadily from 1950 over the last year. The trend isn't my friend.Glad to have got out with a small profit.
Hardboy
11 Oct 2016
Re: today's update Excellent reaction to the update this morning; but a bit of a surprise to me, after my quick scan of the announcement. I read - full year sales will be 4% down on last year, volumes down 6% & the consumer electronics business next year will see a large decline. I expected a negative reaction to that sort of update.
gamesinvestor
11 Oct 2016
Re: Just added some more Good call GamesPad -- I can assure you it was total luck.Games -- I'm not too proud to accept a bit of luck now and again.
Pad Mc Pad
11 Oct 2016
Re: Just added some more Good call Games
gamesinvestor
10 Oct 2016
Just added some more In for a penny.......Games
gamesinvestor
10 Oct 2016
Re: IN "I hope I can find somewhere that gives me a better ROI."It's a tough ask, VCT has a return of 30% -- up there with top I guess.Operating margins are 40%The divi is 3.2% -- that's pretty good considering it's almost twice covered.Now the company will lower it's capital expenses going forward, because it's done all the spending on the new factories, the excess profits will be handed back as special dividends so you should see over 6% next year.Not sure what you want from a divi -- OK you can bung it all in Shell and they can hand you a divi which is high, but they have to borrow and sell assets to pay it. That's the same as bribing you with your own money -- or if borrowed, with someone else's.Games -- It all depends on sentiment I suppose, but I'm thinking now is not the time to leave the party now they have tooled up for growth.
Mr Jinks
07 Oct 2016
Re: IN Why would I want to sell out?Despite the figures you quoted the SP is still in the red for me and the divi negligible.I hope I can find somewhere that gives me a better ROI.We live in interesting time
gamesinvestor
02 Oct 2016
Re: IN Mr Jinks, why do you want to sell out?The company has profit margins of nearly 40% and a return on capital close to 30%.I would have thought most companies would die for that.That's assuming of course Victrex continues to win the same level of business or more. They seems to have grown it steadily over the last 10 years.PEEK should, could, have many more applications, in addition to a growing demand in aerospace for weight reduction and strength.Games -- although I'm certainly no expert in such matters.
Mr Jinks
29 Sep 2016
Re: IN Best of luck with this one Games. I bought a while ago and am down about 15% on the year and a bit more overall. As soon as this gets back in the black, I'm outta here!
Hardboy
23 Sep 2016
Re: IN No need to be modest among friends, Games.I'm almost right behind you - being greedy I've placed a limit order to buy a little cheaper. We'll see how that goes.
Yertiz
23 Sep 2016
Re: IN Good luck with your modest purchase....I'm still waiting for great things - legal challenges and recent disputes haven't helped but hopefully Victrex can put all that behind them and surge onwards and upwards.
gamesinvestor
23 Sep 2016
IN Modest purchase just now.Games
gamesinvestor
22 Sep 2016
Dividend policy Interesting that Victrex have set a dividend policy that gives back a lot of it's cash in the form of special dividends. Assuming they will now lower capex after recent new manufacturing builds, this could hit as early as 2017 :-"""""""""""""New capital allocation framework; opportunity for enhanced returns– Growth investment remains top priority– Approximately 50% of net cash returned in future as special dividend (subject to investment requirements): 50p/share de minimis; retain medium-term net cash position– Progressive regular dividend; retain cover around 2x– FY15 total dividend growth of 4%, with final dividend of 35.09p (FY14: 33.76p) New capital allocation framework; opportunity for enhanced returns""""""""""This is what digitallook is forecasting :-Year Ending Revenue (£m) Pre-tax (£m) EPS P/E PEG EPS Grth. Div Yield2016-09-30 249.30 99.33 93.85p 16.0 -3.7 -4% 48.20p 3.2%2017-09-30 261.85 107.44 100.41p 15.0 2.1 7% 105.54p 7.1%Games
lmlom
21 Sep 2016
Re: Honeycomb Composite Structures Gents, if your after the next big market for Victrex YouTube Magma M-pipe interesting times ahead if ti becomes the industry 'norm'
