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Vesuvius: after the share price increase and interim results what now?

By Robert Sutherland Smith | Sunday 11 August 2013

Disclosure: I have no positions in any stocks mentioned, and no plans to initiate any positions within the next 72 hours. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from ShareProphets). I have no business relationship with any company whose stock is mentioned in this article.

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.

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