Re: Debottlenecking and Victrex (VCT)
Posted: January 7th, 2023, 10:28 am
I'm still holding VCT. And still hoping for the growth strategy to show signs of paying off. Current consensus forecasts for EBIT in 2025 show it still a little below the 2018 peak.
The reported EBIT margin and gross margin have been showing weakness in recent years, particularly since 2018; I would like to see CROIC turning up consistently, too. They have recently been putting capital investment in, which will (hopefully) pay off over time as we see returns on that. Fingers crossed!
Best wishes
Mark.
The reported EBIT margin and gross margin have been showing weakness in recent years, particularly since 2018; I would like to see CROIC turning up consistently, too. They have recently been putting capital investment in, which will (hopefully) pay off over time as we see returns on that. Fingers crossed!
Best wishes
Mark.