A director at Victrex bought 2,103 shares at 951p and the significance rating of the trade was 68/100. Is that information sufficient for you to make an investment decision? This report gives details of those trades and adds context and analysis to them such that you can judge whether these trading decisions are ones worth following. Included in the report is a detailed share price chart which plots discretionary trades by all the company's directors over the last two years clearly showing Clo...
The independent financial analyst theScreener just requalified the general evaluation of VICTREX (GB), active in the Speciality Chemicals industry. As regards its fundamental valuation, the title still shows 1 out of 4 stars and its market behaviour is seen as moderately risky. theScreener believes that the unfavourable environment weighs on the sector and penalises the company, which sees a downgrade to its general evaluation to Slightly Negative. As of the analysis date October 22, 2021, the c...
Full Article at IIR has reaffirmed its Recommended rating for PIA after undertaking a review post the appointment of a new Portfolio Manager, Harding Loevner. The full report can be found on the IIR website. On 26 July 2021, Pengana International Equities Limited (PIA) announced a fully franked dividend of 1.35 cents per share for the June quarter. This represents an 8% increase on the March quarter dividend and takes the total dividends declared for FY21 of 5.1 cents per share, fully franked....
EM Remains In Favor; Shanghai Comp Breaking Out A weakening US dollar (DXY) continues to be a major tailwind for both EM equities and the commodity Sectors. Improving price and RS trends for these risk-on areas of the market are among the many characteristics consistent with historical bull markets. Therefore, we continue to label this a bull market and we believe global equities are still in the early innings of a broad-based advance. • EM Equities. Price action has remained weak for the US...
The Pause that Refreshes? We continue to believe the weight of the evidence points to a new leg higher for global equities, a viewpoint that is supported by the several international markets that are breaking out to new highs or making bullish inflections since our previous Int'l Compass (10/31/19). While developments continue to lean bullish, global equities have rallied substantially since the start of October, making it perfectly reasonable to expect some consolidation of recent gains which ...
In its third-quarter trading statement, narrow-moat Victrex reported a 21% drop in volume over 2018, or 18% excluding the large consumer electronics order. This was largely expected. Demand from automotive, electronics and value-added resellers further deteriorated in the third quarter and a recovery is not expected in the fourth quarter. On the positive side, growth was solid in aerospace and energy while medical was stable. Victrex is expecting a more stable performance in the fourth quarter g...
Narrow-moat Victrex reported first-half EBT of GBP 52 million, which was broadly in line with consensus. However, the company has lost confidence in a strong recovery in the second half of 2019. Second-half “growth†is now expected to be flat, year over year. In terms of tonnage, we were calling for about 5% growth in the second half while consensus was expecting this to be closer to 10%. We don’t expect to make any material changes to our long-term forecast or GBX 2,250 fair value estimat...
Narrow-moat Victrex reported first-half EBT of GBP 52 million, which was broadly in line with consensus. However, the company has lost confidence in a strong recovery in the second half of 2019. Second-half “growth†is now expected to be flat, year over year. In terms of tonnage, we were calling for about 5% growth in the second half while consensus was expecting this to be closer to 10%. We don’t expect to make any material changes to our long-term forecast or GBX 2,250 fair value estimat...
Narrow-moat Victrex reported first-half EBT of GBP 52 million, which was broadly in line with consensus. However, the company has lost confidence in a strong recovery in the second half of 2019. Second-half “growth†is now expected to be flat, year over year. In terms of tonnage, we were calling for about 5% growth in the second half while consensus was expecting this to be closer to 10%. We don’t expect to make any material changes to our long-term forecast or GBX 2,250 fair value estimat...
Narrow-moat Victrex reported an 18% decline in revenue and a 22% drop in volumes in the first quarter primarily due to weak demand in automotive and no volumes from the consumer electronics contract. These issues were not unexpected. Indeed, we were budgeting for a 22% decline in revenue for the first half. However, the magnitude of the drop in automotive volumes was somewhat surprising to us and the company. Indeed, first quarter automotive volumes were down 23%, mostly due to disruptions from ...
API Group plc - Strategy, SWOT and Corporate Finance Report Summary API Group plc - Strategy, SWOT and Corporate Finance Report, is a source of comprehensive company data and information. The report covers the company's structure, operation, SWOT analysis, product and service offerings and corporate actions, providing a 360Ëš view of the company. Key Highlights API Group plc (API Group), a subsidiary of Steel Partners Holdings L.P., is a manufacturer of specialized packaging materials for gr...
Narrow-moat Victrex reported an 18% decline in revenue and a 22% drop in volumes in the first quarter primarily due to weak demand in automotive and no volumes from the consumer electronics contract. These issues were not unexpected. Indeed, we were budgeting for a 22% decline in revenue for the first half. However, the magnitude of the drop in automotive volumes was somewhat surprising to us and the company. Indeed, first quarter automotive volumes were down 23%, mostly due to disruptions from ...
Narrow-moat Victrex reported an 18% decline in revenue and a 22% drop in volumes in the first quarter primarily due to weak demand in automotive and no volumes from the consumer electronics contract. These issues were not unexpected. Indeed, we were budgeting for a 22% decline in revenue for the first half. However, the magnitude of the drop in automotive volumes was somewhat surprising to us and the company. Indeed, first quarter automotive volumes were down 23%, mostly due to disruptions from ...
U.K.-based Victrex is the creator of and dominant market leader in polyetheretherketone, or PEEK, a lightweight ultra-high-performance plastic that suits the most demanding applications in transportation, oil and gas, and electronics. It serves these industrial markets through its industrials segment, which accounts for around 80% of sales. The company has broadened applications of PEEK to healthcare, notably implantable spinal fusion cages. Healthcare sales are housed in the medical segment, wh...
Narrow-moat Victrex reported decent second-half results. Profit before tax of GBP 65 million was up 6% over 2017 and broadly in line with our expectations. Second-half volume of 2,151 tonnes was in line with 2017,but slightly below our expectations due mainly to weaker demand from value-added resellers. The company declared a special dividend of GBX 83, above our GBX 60 estimate. After flagging potential changes previously, Victrex decided to retain its current dividend distribution policy. Whil...
Narrow-moat Victrex reported decent second-half results. Profit before tax of GBP 65 million was up 6% over 2017 and broadly in line with our expectations. Second-half volume of 2,151 tonnes was in line with 2017,but slightly below our expectations due mainly to weaker demand from value-added resellers. The company declared a special dividend of GBX 83, above our GBX 60 estimate. After flagging potential changes previously, Victrex decided to retain its current dividend distribution policy. Whil...
U.K.-based Victrex is the creator of and dominant market leader in polyetheretherketone, or PEEK, a lightweight ultra-high-performance plastic that suits the most demanding applications in transportation, oil and gas, and electronics. It serves these industrial markets through its Victrex polymer solutions segment, which accounts for around 80% of sales. The company has broadened applications of PEEK to healthcare, notably implantable spinal fusion cages. Healthcare sales are housed in the Invib...
Narrow-moat Victrex’s sales update for the third quarter was in line with our expectations. The company reported sales volume of 1,161 tonnes and revenue of GBP 84 million, up 19% and 10% over 2017, respectively. Comparatives are tough for the fourth quarter, but we still expect mid-single-digit growth in volumes. However, no volumes in consumer electronics are expected in the fourth quarter. Furthermore, Victrex does not have visibility into fiscal 2019 in this market and is therefore current...
Narrow-moat Victrex’s sales update for the third quarter was in line with our expectations. The company reported sales volume of 1,161 tonnes and revenue of GBP 84 million, up 19% and 10% over 2017, respectively. Comparatives are tough for the fourth quarter, but we still expect mid-single-digit growth in volumes. However, no volumes in consumer electronics are expected in the fourth quarter. Furthermore, Victrex does not have visibility into fiscal 2019 in this market and is therefore current...
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