Volex Share Discussion Threads

[robow] 09/3/2015 16:06

Ruffer adding to their holdings

[solomon] 03/3/2015 15:08

Luckymouse's chart implies a breakout but he does not include all the data. Breakout would be above 70 on his chart. For that juncture I wait with joyful trepidation.

[solomon] 03/3/2015 14:32

One day Rodney.

[imastu pidgitaswell] 23/2/2015 16:01

Nope - they're already there:

hxxp://www.volex.com/Volex-worldwide/Asia/

:-)




I take your point re wage inflation and competition - but you would have to go a lot deeper into the issues than I can face doing (again) on here. I do believe VLX are well placed geographically, financially (post previous rights issue) and management wise (including local Asia management) to address the structural challenges in the industry.

And be careful not to confuse the type of product below with what VLX does for its customers:



VLX are not in direct competition with all of the Shenzen operatives, and where they are, have a look at their previous set of slides at the half year presentation for their take on the market and their share of it:

hxxp://www.volex.com/pdf/investor-relations/presentations/interim-results-presentation-2015.pdf


Anyway, you pays your money (again and again) and you takes your choice.

[don777] 23/2/2015 15:45

IP,
those low end manufactures are moved to Vietnam, Indonesia, Thailand...
for VLX, should we open another factory there?

D

[luckymouse] 23/2/2015 15:40

Bit deep guys - potential breakout here is the point - shorts closing, dirs buying, chart bottoming...

[imastu pidgitaswell] 23/2/2015 15:26

"DG are closed because of the labour costs up"

In which case, supply to the market of product will be reducing, and supply of labour to the remaining manufacturers will be increasing, so...

[don777] 23/2/2015 15:12

I think they might ramp up the share price to do another RI.

there are lots of factories like VLX surviving for paper thin margins in SZ, DG are closed because of the labour costs up.

[luckymouse] 23/2/2015 15:02

The shorts have reduced significantly

[imastu pidgitaswell] 23/2/2015 14:51

Certainly hoping so, and fundamentally the pieces are falling well, as previously detailed ad nauseam and it is a real gearing play - incremental income to convert to incremental profits (after exorbitant management bonuses, obviously) as the fixed cost base of operations gets utilised better.

But the valuation is quite high for current earnings and for 2016 earnings, so it will be a while (imho) before real (towards 200p) recovery is cemented.

RE charts, it's also a case of take your pick for which down trend you want to see broken. The shortest one would be a start...

;-)


free stock charts from uk.advfn.com


The other drag is the seemingly relentless selling - one of the larger shareholders, Golden Peaks (not the ironic version) has been offloading regularly as the price has fallen, presumably forcing them to offload more to keep with their internal rules - a classic case of making a problem worse by their own actions - and by the looks of things are doing the same again today. The first sign of any buying and out comes their broker, disposing. With that going on, the share price cannot recover.


4th Feb 2015..................7.2m shares.................7.32%
8th Dec 2014..................8.1m shares.................8.95%
31st Oct 2014.................9.7m shares................10.27%
21st Aug 2014................10.4m shares................11.54%
14th July 2014...............11.5m shares................12.74%

etc etc

[luckymouse] 23/2/2015 14:42

Lot of aim breakouts - but most are late, illiquid or have 10%+ spread so untradeable

Bit like these



However.. VLX is early, engulfing white candle off spt, has a tight sprd, and rising sector and index. Also Fledgling so main mkt. New board coming in, Directors buying. Loss making this yr end Mar15 - fcast for next yr positive from 4 brks


Electronic sector and Small cap index



Could be hot to trot for a trade imhv

DYOR etc
ATB LM

[imastu pidgitaswell] 23/2/2015 14:21

And me today, obviously...

;-)


The first one is mine, I did a later one at 66.2 for 10k, but it's not showing, nor on ISDX. Usual murky stuff.


Quite a helpful signal, in the absence of a trading statement (which we used to get mid Feb) that all is not a disaster. Probably...

In any event, it'll get slapped down again once Golden Troughs sell another chunk - buy high sell low, someone else's money, etc etc...

[solomon] 23/2/2015 12:01

rns on Friday: Finance Officer buys

[toffeeman] 23/2/2015 12:00

?? wozup today then?

[toffeeman] 17/2/2015 09:55

I can understand why folk lay into CR - what I can't understand is that they think he moves share prices!

[envirovision] 17/2/2015 09:25

Actually I had no idea the nxr thread was your thread, if it was not there i would have simply started one for it myself.

Like so many posters all very happy to dish it out but not so happy to be on the receiving end !

This volex is another one where you've ramped it only to vanish then you dont understand when you come back, people remember you ramping style just like a scratched record.

[don777] 16/2/2015 13:01

many thanks for your replies.

so if there is no operating update till June, then I think the share price might be up and down with the general market, at the moment, the UKX is on top, if there's a correction in the next 4 months, should VLX test a new low?