duncs
- 20 May 2005 11:56
Am holding onto Shares in Cookson at the moment. Has been a lot of movement in shares anyone holding aswell?? Any predictions or further info???
HARRYCAT
- 27 Dec 2012 17:09
- 35 of 35
Investec comment:
"Demerger of the former Cookson Group on 19 December presents an opportunity to leave behind an unfortunate legacy. The group was a serial equity fund-raiser – to finance acquisitions or survival – and it had a record of value destruction. In spite of the undoubted cyclicality of its markets, we believe that Vesuvius can break with the past and be managed prudently to generate robust cash flows, underpinning a good and progressive dividend. We expect Vesuvius to be valued in much the same way as Cookson Group, on account of their business similarities and investors‟ concerns, which have always focused on the Ceramics business. On the basis of the stand-alone estimates in this report, we derive a PE-based target price of 346p."