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VLX Volex Plc

272.00
-3.00 (-1.09%)
12 Apr 2024 - Closed
Delayed by 15 minutes
Share Name Share Symbol Market Type Share ISIN Share Description
Volex Plc LSE:VLX London Ordinary Share GB0009390070 ORD 25P
  Price Change % Change Share Price Shares Traded Last Trade
  -3.00 -1.09% 272.00 354,683 16:35:16
Bid Price Offer Price High Price Low Price Open Price
271.50 275.00 283.00 270.00 283.00
Industry Sector Turnover Profit EPS - Basic PE Ratio Market Cap
Electronic Components, Nec USD 722.8M USD 36.8M USD 0.2031 13.49 496.37M
Last Trade Time Trade Type Trade Size Trade Price Currency
18:00:28 O 2,216 272.00 GBX

Volex (VLX) Latest News

Volex (VLX) Discussions and Chat

Volex Forums and Chat

Date Time Title Posts
11/4/202407:54Volex 2013 : Plug in for recovery ?6,905
28/7/202200:22VOLEX - really a rolex for the 2020s.416
16/2/202214:52Update on Volex15
17/6/202116:22It's flying!3
18/7/201409:59VOLEX - double your money and take it away1,297

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Volex (VLX) Most Recent Trades

Trade Time Trade Price Trade Size Trade Value Trade Type
2024-04-12 17:00:42272.002,2166,027.52O
2024-04-12 16:56:12274.174,56912,526.64O
2024-04-12 16:56:04275.781027.58O
2024-04-12 16:49:04272.01233633.79O
2024-04-12 16:39:50274.011,8875,170.57O

Volex (VLX) Top Chat Posts

Top Posts
Posted at 12/4/2024 09:20 by Volex Daily Update
Volex Plc is listed in the Electronic Components, Nec sector of the London Stock Exchange with ticker VLX. The last closing price for Volex was 275p.
Volex currently has 181,156,506 shares in issue. The market capitalisation of Volex is £496,368,826.
Volex has a price to earnings ratio (PE ratio) of 13.49.
This morning VLX shares opened at 283p
Posted at 10/4/2024 16:21 by dougmachin
This is interesting, from 4th April 2024:



Background

Between the February General Meeting and today's General Meeting two institutional Shareholders, who were supportive of the Company's managed wind-down, and who had voted in favour of adopting that investment policy, sold their holdings to Milkwood, an investor opposed to the managed wind-down, and hence to the B Share Scheme.

The Board has been made aware that Milkwood is seeking to secure the future management of the Company's portfolio for itself. Since the February General Meeting, Milkwood has built up an approximately 28 per cent. shareholding in the Company which allowed it to block the implementation of the proposed B Share Scheme. This shareholding compromises the position of the Company's other Shareholders who had voted in favour of the managed wind-down, but to whom Milkwood has not offered a cash exit. As a proportion of votes cast at today's General Meeting (excluding Milkwood's acquired stake), the votes in favour of returning capital through the B Share Scheme amounted to 99.72 per cent. This indicates that there remains a significant body of Shareholders who still wish the Company to return cash to them in accordance with the Company's investment policy. The Board believes that it has a duty to find a way to permit those Shareholders to exit for cash and to invest that cash as they wish.
Posted at 10/4/2024 09:38 by dougmachin
XPP's up 7% today.

I think it's worth comparing VLX's chart against TSLA's chart. VLX seems to be following that far too closely over the past 2-3 years.

It seems VLX's share price needs to get its own life and break away from pegging TSLA's.

Anybody got any idea when Downing are done? Uncertainty is the last thing any share price needs.

We need a good TU pronto to get the share price back on track.

Frustrating we are down here, after the share price tried so many times to break out above 320p.
Posted at 12/3/2024 08:20 by rimau1
Correct but too simplistic. VLX year end is 31 March so a few weeks to go. You can manage your shape at year end by recognising costs (or not) and booking revenues (or not) so management sit down and decide how they want the yearend shape to look versus 2024 initial outlook. IR will get involved, LTIPs will be looked at etc. its certainly priced for a warning or a cautious outlook statement. A few on here have flagged peers results and also volex talked about destocking so the stock price makes sense until we get clarity IMO. I will certainly double down on any short term headwinds that cause a price correction.
Posted at 06/3/2024 10:38 by disc0dave46
IgoeWhy are you reluctant to post up their response?, you are simply repeating what they said at the interims in November. Which is clearly all they said in their response to you.As shaker has posted, they aren't going to give out anything sensitive or why the share price has been weak.
Posted at 06/3/2024 09:02 by disc0dave46
You've posted elsewhere:"Been intouch with the VLX management. Alot of folks panicking over destocking issues that some companies have announced like XPP, have recently experienced, and now folks are panicking that it could happen to VLX. Instead of panicking all they have to do is get intouch with the company and will confirm in a carefully worded email they aren't any issues".Can you post up their actual response, thanks.
Posted at 06/3/2024 08:31 by disc0dave46
IgoeSo they commented that the share price action has nothing to do with customer destocking and business performance!. Is that the gist of their response to you?.
Posted at 01/3/2024 19:23 by gargoyle2
According to today's RNS from DSM, as at 29 Feb, they had total assets of £30.44m, of which 8.35% was VLX (i.e. £2.5m worth - or just under 900k shares), so only a small holding left. As at 31 January, they had just under £3m worth of VLX, although the share price then was 317-ish, so around 940k shares. If my reading is correct, then they may not have been that much of a seller during February - 50k shares or so?
Posted at 14/10/2023 16:35 by johndoe23
Great find! Share price weak due to cyber attack news? Events in Middle East, or both?Personally think cyber news has meant oversold here. Always seems to be something causing a drag on share prices currently!
Posted at 10/8/2023 09:32 by dougmachin
ali - VLX share price went up on no news... and when there was some good news, it did nothing (went down a bit).

Sooooooo, it seems some people knew the good news beforehand and bought. Then, when the good news was actually released (yesterday), the folk who knew already, sold and made some quick money.

That's the reasoning...

For me, I'm just pleased my biggest holding is totally on the right track.
Posted at 25/4/2023 17:03 by valhamos
How quickly after a strong trading update do we revert to discussing share price movements!

The trading update gave a good steer as to how the near term future for Volex is shaping up - the company is targeting markets with strong structural growth, the growth that the company is seeing is ahead of the underlying market (the company is gaining market share) and VLX is expanding its capabilities and widening its product offering thereby increasing wallet share with existing customers as well as attracting new ones.

My investment philosophy has been to concentrate on the business not the share price. Get the business right then the share price will sort itself out.
Volex share price data is direct from the London Stock Exchange

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