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.
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