image

Authoritative Independent Monthly Share Selections Using Technical & Fundamental Analysis

Latest issue now available

SIGN UP NOW
Updates

Devro - Results prompt earnings upgrade

April 2004

Investing in shares may lose you all or some of your money. Past performance is no indication of future performance. Some of the shares recommended here may be small company shares, which can be relatively illiquid and hard to trade and this makes such shares more risky than other investments.

  • Epic Code:
  • DVO
Another to have beaten forecasts is edible sausage casings manufacturer, Devro, with the shares at one point surging to a new 52 week high.  For the year to 31 December pretax profit increased 16% to £18m on sales up nearly 6% at £146m, while earnings rose 31.7% to 7.9p.   In light of these results, broker, Investec, has upgraded its earnings forecast to 8.6p for this year and 9.1p in 2005. Impressively,all its major markets showed growth as did both its principal product ranges, Coria and Cutisin, as a result of greater substitution of gut casings by collagen, particularly in Eastern Europe and Latin America.  One of the most encouraging features of Devro's resurgence has been its strong cash generation ...

To access our archive of articles and to receive current issues you need to subscribe.

Subscribe now

Already a subscriber? Login

Related Articles

Devro (October 2004)
Devro - Best outlook for 4 years (April 2002)

With small companies there is an above average degree of risk compared to buying blue chips. Please be aware that we have not assessed the suitability of any of these investments for you. The newsletter simply states a personal view and diarises the editor’s investment decisions. Please speak to your stockbroker or other qualified individual to ascertain whether any of these companies mentioned would form useful additions to your own portfolios. Past performance is no indication of future success.

All material on this website is protected by copyright. You may use Information retrieved from the www.scsw.co.uk website for your own personal non-commercial use which means that you may not sell or copy this information to any third party without prior written consent. ISSN 1358-183X