Bronko
14 Feb 2015
Re: local news Useful news and also interesting to read comments section from the neighbours.
Kool Keith
13 Feb 2015
local news [link]
nk1999
07 Feb 2015
Telegraph- Questor "The Questor Column:Victrex has solid start: Victrex is a British engineering group benefiting from strong demand for its unique polymer products across the world. The FTSE 250 manufacturer, which has enjoyed a solid start to the new financial year, has developed a lightweight thermoplastic called “Peek”. The material, which is resistant to extreme temperatures and chemicals, is being used to replace metal parts in aeroplanes such as the new Boeing 787, brake pads in cars and components in smartphones and medical implants. The driving force behind the company’s recent expansion has been a strong automotive and aerospace market, as manufacturers transfer from metal to Peek products. The new financial year has started well, with sales for the three months to the end of December jumping 42% to 967 tonnes, when compared with the same period a year earlier. Year-on-year revenue in its first financial quarter was up 14% to £59.8 million when compared with a year earlier. Victrex will benefit from a weaker pound as 97% of the products are exported, and more favourable currency movements will boost profits. The balance sheet is in a strong position and the company is highly cash generative. The only problem is that the shares, trading on 21 times forecast earnings, already price in much of this good news. Victrex at £20.92-16p. Questor Says “Hold”. "
Rockeye
04 Feb 2015
Re: drop today I'm under the impression the ex-dividend date is tomorrow, so you'd think that juicy divi/sp divi would have encouraged some last minute buyers which would push the price up not down!Rocky
Mr Jinks
04 Feb 2015
drop today SP down 25 today. presumably this is just the ex div.Tell me if I'm wrong and have missed something
II Editor
23 Jan 2015
NEW ARTICLE: Victrex: A PEEK into the future "Thermoplastic manufacturer Victrex has maintained its competitive advantage by innovation. As it evolves its strategy to develop more modern materials for dentures and sub-sea pipes, the story goes on… Victrex returned to growth in the full ..."[link]
nk1999
13 Dec 2014
Telegraph- Questor From Thursday 11/12:"Victrex shares jump on bumper cash return: Victrex, the manufacturer of specialist lightweight polymers, announced a special dividend for investors, sending its shares soaring £1.36 or more than 7% higher. Back in September, the polymer specialist had flagged that sales were strong into the end of the year but the build-up in cash came as a welcome surprise. The driving force behind the growth was a strong market in the automotive and aerospace sectors for the company’s Peek products, which are made from a new lightweight polymer resistant to temperature and chemicals. The material is being used to replace metal parts in aeroplanes such as the new Boeing 787, brake pads in cars, and components in smartphones and medical implants. David Hummel, Chief Executive, said: “Our 2015 financial year has started well and although currency headwinds remain considerable, we now anticipate being able to fully cover the FX impact.” Mr Hummel said the company would pay a 45.15p full year dividend as well as a 50p special dividend, both of which are ex-dividend on February 4 and payable February 20. The shares are currently rated on 20 times forecast earnings and pay a 2.8% prospective dividend yield. Victrex at £20+136p Questor Says ‘Hold’."
