II Editor
12 Feb 2016
NEW ARTICLE: Victrex AGM: The cost of domination "Even for a proven market leader the future is far from certain, but the company is building on what has made it successful.PEEK, and the close variants of the polymer that Victrex manufactures, is light, very tough and heat resistant. ..."[link]
II Editor
26 Jan 2016
NEW ARTICLE: Victrex joins the Share Sleuth portfolio "It’s been a long courtship, but I’ve added 150 Victrex shares to the Share Sleuth portfolio this morning, at a price, quoted by a broker, of 1,487.56p. The spread was 1487p to 1489p.Although virtually all of my information comes from ..."[link]
II Editor
22 Jan 2016
NEW ARTICLE: ‘V’ is for Victrex "And ‘P’ is for pick of the weekThis week’s pick of the week is Victrex (VCT), the world’s leadin manufacturer of polyketones, specifically Victrex PEEK polymer.If investing really were about buying what you know, then this company would be ..."[link]
II Editor
20 Jan 2016
NEW ARTICLE: Victrex: A case study in growth "Ten years of results show how a highly profitable manufacturer can reinvest to increase capacity and grow. I’ve tried to encapsulate the main driver of Victrex’s profitability over the last decade, which is investment, in one chart. The blue line ..."[link]
II Editor
14 Jan 2016
NEW ARTICLE: Victrex's eight times ambition "An Olympian company sets itself a Herculean task, to bring its product to a market eight times bigger than its current one.Clicking through Victrex’s annual report I can’t help but being impressed. The company, which had a so-so year, ..."[link]
II Editor
21 Dec 2015
NEW ARTICLE: Victrex: Let the headwinds blow "Headwinds are unlikely to blow apart the investment case for this highly profitable company.I wish companies would stop putting emphasising “headwindsâ€, winds are changeable and they often forget to credit tailwinds, when they benefit ..."[link]
nk1999
11 Oct 2015
Telegraph- Questor "Hold Victrex on strong finish: The company has grown revenues from £104 million in 2009 to £264 million at the end of September this year. To satisfy growing demand, the group has this year completed a third £90 million plant in the North West and recent investment has increased maximum capacity by 70% to 7,000 tonnes a year. David Hummel, Chief Executive, expects spending to fall to more normal levels following the expansion programme. The company said that it had ended the year with a robust fourth quarter, and full year production volumes were up 19% to 4,217 tonnes. There was growing demand from the automotive, aerospace and consumer electronics markets, which helped offset a slowdown from the oil and gas sector customers. Market expectations are for the company to make £105 million in pretax profits over the full year, giving 97p in earnings per share. The profits are up 3% on last year having been held back by an £8 million loss from foreign currency movements and revenues falling 5% in the U.S. spinal business. The balance sheet is in a strong position and the company remains highly cash generative. The dividend payments have increased by more than 10% every year for the past five years and now offer a prospective yield of 2.8%. The only problem is that the shares, trading on 19 times forecast earnings, already price in much of this good news. Victrex at £18.68 +12p. Questor says “Hold”. "
Mr Jinks
11 Sep 2015
on the slide Oh dear! Things have been heading south since June.maybe I should have heeded the old 'sell in May and go away' proverb.Let's hope VCT gets over the general China induced slump soon.
albent
06 Apr 2015
VCT valuation Report on Victrex [link] I found useful.
II Editor
13 Mar 2015
NEW ARTICLE: Share Sleuth's March watchlist "Each month Richard Beddard trawls through annual corporate results for his Watchlist and the Share Sleuth portfolio of companies that satisfy key valuation metrics such as earnings yield and return on capital - and profiles the most interesting ..."[link]
Mr Jinks
26 Feb 2015
Re: Why the massive drop? The sp seems to fluctuate quite a lot but I'm convinced of the potential of VCT.I'm taking today as a buying opportunity and hoping I've found the bottom of the dip.
lmlom
25 Feb 2015
Re: Why the massive drop? I agree with the overdone, Solvay are banging on about expansion in India and the new build in the States taking them to 2500 tons annual capacity sometime next year, whilst Victrex are currently commissioning a 2900 ton Plant which will take their total capacity to 7000 tons.
Rockeye
24 Feb 2015
Re: Why the massive drop? So how should we feel about this? It seems to me that this reaction is overdone. 1. the US plant is 2 years away from production2. the demand for this material is going to do nothing but get bigger as its properties are beneficial to so many applications.There is bound to be more production building. My theory is that we had a load of new investors on board prior to the xd date attracted by the sp/regular divi. As the usual drop in SP did not occur post xd date, they hung on to their shares hoping for a double whammy of divi and capital appreciation. First sign of competition and they're off!I'm in for the long haul here and am happy to go with the ups and downs.Rocky
Bronko
24 Feb 2015
Re: Why the massive drop? Competitor, Solvay, are building new PEEK plant in the U.S. [link]
vekta
24 Feb 2015
Why the massive drop? Got out sharpish and crystalised my profit. Won't dip my toe in again until I know why this happened. Anybody any ideas? no newspaper articles, no RNS???Vekta
