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The company Vesuvius (VSVS) may have an ear-catching name, but it does something rather boring. Metal flow engineering doesn't set the heart racing, which is possibly why such a fancy name was chosen. Never mind, boring often translates to overlooked in Shareland...
It seems that the Kamakazi suicide attack on the US economy by the Tea Party faction of the Republican Party has not halted the recovery of Uncle Sam’s gross domestic product. For that, much thanks! If you share that judgement, then I point anew to Vesuvius (VSVS) shares as a straightforward way of playing the greater, more broadly based strengthening of the world economy over the next year or three.
When I spotted Vesuvius (VSVS) equity early in July as an undervalued share and candidate for my buy list, the then share price was 378p. Having touched 530p, it has since returned to a share price of 450p (last seen) and back in contact with the chart’s share price trend, having briefly shot through it.
Are you looking for a way to play continuing longer term world economic recovery and continuing growth? Here is Vesuvius (VSVS) to consider at 377p, on a high dividend yield, strong balance sheet asset backing and a planned improvement in operating margins.
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