gamesinvestor
21 Sep 2016
Re: Honeycomb Composite Structures ""Useful post from NK titled "Berenberg" below - about competition. """HB - It's hard to draw any conclusion from Berenberg's points, because they predominantly lean toward the argument around electronic applications.This surprised me a little, since I would have thought the real value of PEEK was in larger components that provide very durable wear and are easier to manufacture and more importantly much lighter than metals.Aerospace is potentially huge, as more planes move to greater than 50% of their components non metal based. Fuel saving ---- less oil use !!!It's also something to consider that Berenberg seems to view Victrex as a pure materials provider, and mentions nothing about the effort the company is putting into innovative co-developments.I'm not sure yet how significant the latter is, but I think there is real value in having those trusted relationships and not to be seen as a bulk materials supplier.Games
gamesinvestor
21 Sep 2016
Re: Honeycomb Composite Structures "I don't think PEEK is used in a honeycomb structure, is it, m8?"correct, the confusion comes from the fact that they are being merged in certain applications. As a fibre reinforced plastic, it complements honeycomb structures.Games - so that's alreeet then !!! -- more reading yet and the share prices has dipped today so that's even better.
gamesinvestor
21 Sep 2016
Re: Honeycomb Composite Structures "Sorry if I'm getting too technical here"No it's OK to get technical.The article I referred to does have some contradictions and a section later in the article eludes to PEEK being a reasonable player in the aerospace business.This article in seeking Alpha is worth a look.[link] be doing some more reading here today, but am leaning toward an investment in this.Games
Hardboy
20 Sep 2016
Re: Honeycomb Composite Structures Games,Useful post from NK titled "Berenberg" below - about competition. what are your conclusions?
Yertiz
20 Sep 2016
Re: Honeycomb Composite Structures PEEK uses are still being explored, discovered, substantiated. [link] like the use of 'effected' where 'affected' should be effected. It affects the effect !!Don't worry, LKH (not at the flybridge today?), your technical explanation is bang-on!
LK Hyman
20 Sep 2016
Re: Honeycomb Composite Structures Games,I don't think PEEK is used in a honeycomb structure, is it, m8? .... it's chust a plastic innit though? Albeit a plastic capable of takin' a lot of punishment.Sorry if I'm getting too technical here.LKH etc
Hardboy
20 Sep 2016
Re: Honeycomb Composite Structures Hi Games, seems like great minds think alike. I was looking at a few potential investments and had 3 shares I knew very little about to research - Ascential, Essentra & Victrex. I was working through them in alphabetical order and I end up here to find you doing the same thing. Turns out I had heard of previous incarnations of the other 2 - EMAP & Filtronic, but still had never looked at them - just starting to dig on VCT (should be a venture capital trust) so appreciate you doing some of the work for me!
gamesinvestor
20 Sep 2016
Honeycomb Composite Structures Just started reading about this, to see if it's worth investing in Victrex. Read a few technical articles first to see what all the fuss is about.One article is starting to put me off now and that's a GKN article - see below - that makes reference to the fact that aircraft manufacturers are now moving away from honeycomb composite structures (I believe the very basis of PEEK) This is the extract from the first few paragraphs of the article link below :-""Aerospace manufacturers are moving awayfrom using honeycomb composite structures —which are lightweight but which are prone tohaving strength-reducing voids within the material— to solid, three-dimensional compositestructures. These are made using new productionprocesses which increase tension, compression,impact and shear strength while making structuresmuch lighter than if they were made fromtitanium or aluminium alloys — as much as 50per cent less. "[link] I would have thought this is one of Victrex's biggest markets.Am I barking up the wrong tree here, or is Victrex entering a whole world of pain and lost business?Games
Simbrad
27 Jun 2016
"In the wake of the EU referendum result, our view of the UK chemicals sector remains relatively upbeat. The companies we cover (Croda, Elementis, Scapa, Synthomer, Victrex, Zotefoams) generally have limited domestic exposure and plenty to gain on transactional and/or translational FX exposure. The main beneficiary of FX is Victrex, where as a rule of thumb, we would expect a 10% sterling devaluation to increase Group PBT by 10%, all else being equal. An isolated period of disruption/ contraction in the UK could therefore be..." Broker note out from N1Singer on research tree
Gunnergadin
03 May 2016
Re: Invibio - Market Competition Resolut... Bought in at 1390 this morning.Happy to acquire, despite the news last week.
PIE-EATER
29 Apr 2016
Re: Invibio - Market Competition Resolut... mmmmbut just ask yourself how many companies do it......including/especially yanks! Probably easier to count those who don't.Given this is basically a British company operating in the US, it's a miracle this has been agreed and that directors great grandmothers have not been charged with murder!Don't have a great deal of faith in the US systems....well virtually none really.Like you, I have lost as a result but won't be jumping ship yet.... even topped up below 1380.PE
Yertiz
28 Apr 2016
Re: Invibio - Market Competition Resolution "The consent decree is clear that we have not admitted any violations of any law," said Victrex in a statement. "There are no penalties or fines and the consent decree will resolve all outstanding matters pending before the FTC ... We do not expect the FTC consent decree to have a material impact on our business."All fine and dandy then - except us shareholders are left carrying the can for the anti-competitive actions of senior management. May not be illegal in its true definition, but is certainly immoral and is leaving a bad taste in my mouth and a hole in my investment.
rosekeg
28 Apr 2016
Invibio - Market Competition Resolution I see now the findings of the federal enquiry into the anti-competitive actions of Victrex's daughter company, Invibio, have been released and have been confirmed as illegal. I am somewhat surprised that nobody has so far commented on what is an absolute shambles of a performance by the Victrex/Invibio senior management.Either there was a clear attempt to impose illegally restrictive contracts on the customers or the senior management were incompetent in as much as they were unaware that such practices were illegal. Either way the immediate result is a massive drop in the share price and long term who knows.Presumably senior management are queuing up on a high ledge to do the decent thing.
nk1999
21 Apr 2016
Berenberg From ADVFN:"Berenberg downgraded Victrex to 'hold' from 'buy' and cut the price target to 1,620 from 1,800 citing a lack of earnings catalysts from consumer electronics capacity.In addition, the bank pointed to the introduction of new PEEK (polyether etherketone) capacity by Solvay. It noted that Solvay is Victrex's largest competitor in PEEK, adding that by the end of 2016, it will complete a widely known capacity expansion from 1,000 to 2,500 tonnes.Berenberg said that following analysis of the potential uses of PEEK within consumer electronics, it concluded that its widespread adoption of PEEK for use in smartphones beyond lower-volume specialities, such as films for speaker diaphragms, if it does occur, may favour Solvay."Solvay's ability to offer cheaper alloys of PEEK with other polymers from its portfolio could give it a significant advantage on cost. While we understand Victrex is working on using other, potentially cheaper, PEEK composites, the underlying issue is that the mechanical advantages of Victrex's 'Type 1' PEEK are arguably less relevant for electronics than other segments, such as aerospace."The bank cut its earnings per share estimates for 2016 and 2017 by 6.4% and 2.2%, respectively, to reflect a drop in expected consumer electronics volumes and a more subdued outlook for Victrex's oil and gas business."nk
investorprotestor
02 Apr 2016
Considering buying Ok does this have real commercial exposure to graphene, as well as peek? Anyone?
