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Victrex – Q1 much weaker, will new projects & reduced headwinds really support near-term assumptions?

2019-02-06 06:07:48

An AGM update from “high performance polymer solutions, focused on the strategic markets of Automotive, Aerospace, Energy, Electronics and Medical”-company Victrex (VCT) includes “our expectations for the second half are unchanged, with new projects and reduced headwinds supporting our assumptions” – and the shares have currently nudged further ahead of 2300p. However, that compares to circa 3400p at the start of October. Hmmm…

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