Shares in ‘molten metal flow engineering and technology’ company Vesuvius (VSVS) were a 380p offer price recovery tip last month with we noting latest results suggested share price recovery potential for the patient investor and there also dividends whilst waiting. However, that potential looks to have been noted elsewhere too as there’s now “Possible Offer” news.
With shares here now again available to buy at 388p (380p when this was first published) having been above 500p early this year and it stating recent performance impacted by temporary operational challenges with “positive net pricing and benefits of structural cost reductions”, the half-year results here suggest share price recovery potential for the patient investor and there’s also dividends whilst waiting.
Most recently on ‘molten metal flow engineering and technology’ company Vesuvius plc (VSVS), in May with the shares slightly down towards 460p I wrote ‘“Trading statement”, will it deliver its “expected” second half weighting?’ concluding including noting caution of the “expected” stronger second-half in the prevailing macro environment and how the overall first half results will look so, at least ahead of that, just on the watchlist. The shares most recently closed at 452p and what about now a “Trading Statement”?
‘Molten metal flow engineering and technology’ company Vesuvius plc (VSVS) has issued a “trading statement” including “we confirm our guidance for FY… Leverage… clear pathway to reduction in H2”. So, having previously argued a return to a 500p+ share price looked realistic here, what about the shares currently slightly lower towards 460p?
Molten metal flow engineering and technology company Vesuvius (VSVS) has announced its results for the 2024 calendar year and that it currently anticipates its 2025 trading profit will be at a broadly similar level to 2024 on a constant currency basis and with cashflow significantly ahead of 2024, benefitting from a working capital focus and a more normalised level of capex. Is that discounted in an around 400p share price?
‘Molten metal flow’ company Vesuvius (VSVS) has announced results for the first half of 2024, including “interim dividend per share of 7.1p, +4.4% reflecting confidence in the business”. So what of an around 420p share price in response?
Molten metal flow engineering and technology company Vesuvius (VSVS) has announced its results for the 2023 calendar year and that on an underlying basis it expects to make moderate progress in 2024 and stronger progress beyond that with its innovations and significant capacity investments in growing markets. What of that with a share price up from our 417.8p offer price tip last year to a current around 470p?
Molten metal flow engineering and technology company Vesuvius (VSVS) has issued a trading statement including that its “differentiated solutions supporting both good pricing performance and market share gains… gives us confidence that we will continue to meet our full year 2023 expectations despite weaker market conditions”. Good news from a current 410p share price here?
Molten metal flow engineering and technology company Vesuvius (VSVS) has announced its results for the first half of 2023 and says that it feels confident to modestly increase full year expectations. Good news.
Describing itself as “a global leader in molten metal flow engineering and technology”, a recent trading statement from Vesuvius plc (VSVS) included that its end-markets recovery pace “remains slow and uncertain”, but that they have started to recover from a low level of the end of last year and that its current trading is ‘ahead of initial expectations’. With this adding to confidence of its performance as its end markets recover and a good dividend yield whilst we wait, at a 417.8p offer price and up to 420p, we consider the shares a Buy.
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...
