Market's view on ConvaTec
Published on April 2024
- There are discussions about the impact of weight loss and diabetes reducing drugs on Convatec’s insulin business, especially with Novo Nordisk owning a significant stake in Convatec and having influence over company decisions.
- Convatec Group plc reported a 4.1% increase in revenue on a reported basis and a 7.5% increase on a constant currency basis for the first four months of 2022, along with plans to exit low-margin hospital care activities.
- There is a buy recommendation from Shares Magazine when the share price was at 221.9.
- Convatec’s stock is moving on very light volume, indicating low trading activity.
- Convatec is considered to have a strong chance for mergers and acquisitions.
- There is an overreaction noted in the market to Convatec’s results, presenting a potential buying opportunity.
- Convatec is perceived as ripe for a takeover.
- Convatec is highlighted as a long-term hold stock, with discussions in podcasts about investing strategies related to the company.
- Convatec is among Shares magazine top picks for 2021 due to rectifying earlier mistakes and potential earnings growth.
- There was a legal case between Scapa and Convatec with no updates provided.
- Convatec is mentioned in discussions about potential movements in the FTSE 100 index.
- There was a significant share placement of 120 million shares by Convatec.
- There are queries about Convatec’s manufacturing locations, specifically if they have facilities in Belize or just in the UK.
- There were positive reactions to a new executive appointment at Convatec, suggesting confidence in the leadership.
- There are inquiries about Convatec’s supply chain, particularly if they source from China.
- Discussions about the buying of shares by a non-executive, indicating a positive outlook from within the company.