Market's view on Victrex
Published on April 2024
- Stock watchers are discussing the potential for a company takeover due to its strong balance sheet and net cash position, despite the stock being at decade lows.
- There is speculation about the impact of expanding into aerospace with products like Knees, aircraft fuselage, engine covers, door brackets, and wings which could significantly increase Peek usage.
- Concerns are raised about the company’s management team being out of touch, with a poorly designed annual report and a lineup that does not inspire confidence, contributing to a year-on-year decline.
- The stock is considered a strong addition to any portfolio for both growth and dividends, with stable dividends and the potential for recovery noted as positive factors.
- Challenges with the company’s attitude towards retail investors have been highlighted, with difficulties accessing calls and poor communication.
- There are mixed actions by stock watchers, with some purchasing more shares in anticipation of a breakout and others selling their shares due to dissatisfaction or strategic financial decisions.